In this TrendSpider review, we’ll be taking a closer look at the platform “loved by thousands of traders worldwide.” Founded back in 2016, TrendSpider has quickly proven itself in the field, becoming a popular platform in the worlds of day trading and swing trading. The platform is targeted primarily towards active, full-time investors who make a living from trading stocks. However, it also has options for less-active investors as well. Of course, popularity alone doesn’t give a platform much merit, which is why we’ll be taking an in-depth look at this popular AI-based analytical platform through this review.
TrendSpider is best for…
Day traders, swing traders, and active traders. That said, any type of investor can benefit from this service, as it provides many in-depth analysis tools to guide your investments. Real-time data is vital to making profitable time-sensitive trades, but this particular advantage will obviously be more valuable to certain types of traders. Unlike services such as Motley Fool—which offers specific stock suggestions—TrendSpider simply provides you with the data necessary to make informed decisions. While people investing for the long-term can certainly benefit from TrendSpider, they can likely find alternatives resources that will serve their specific goals in a more cost-effective manner.
Pros & Cons
The complexity of TrendSpider’s AI-based stock analysis gives it many advantages over similar platforms. However, this TrendSpider review can’t be complete without highlighting the obvious: these advantages come at a steep price! Fully maximizing their potential is best left to more advanced investors (or at least those who trade full-time). The platform isn’t intuitive, but it’s easy enough to figure out once you’ve used it a few times. Fortunately, TrendSpider offers 1-on-1 training for all of its users, enabling even the technologically challenged to make the most of their memberships.
| Pros | Cons |
|
7-day free trial Real-time data Support for multiple workspaces 1-on-1 platform training Trading bots (for “Elite” & “Advanced” users) Automated heatmap “Alert” function |
High monthly costs Steep learning curve
|
Plan Pricing
TrendSpider does not have a free plan available. In fact, its pricing tends to be higher than much of the competition. However, it does offer a 7-day trial on each of its available plans: “Premium”, “Elite”, and “Advanced.” Each plan has both monthly and annual pricing available, but purchasing an annual plan will save you 16-25% compared to monthly billing (depending on which plan you select). Currently, TrendSpider is offering promotional pricing—for the first 24 months—on each of its plans. However, we’ve listed the non-promotional pricing below.
| Monthly Plan Pricing | Annual Plan Pricing | |
| Premium | $39 | $396 |
| Advanced | $79 | $780 |
| Elite | $129 | $1,164 |
Investment Opportunities
Unlike many other AI-based platforms, TrendSpider wasn’t originally created with the idea of automating trades. Instead, it was originally created to recognize and allow users to capitalize on AI-recognized trends. If this TrendSpider review was written a few years ago, then that would still be the case. Fortunately, TrendSpider now offers support for “Trading Bots”, which will execute trades on your behalf (according to the investment strategy you’ve set in place). “Elite” and “Advanced” members can take advantage of this feature.
Convenience
TrendSpider is a web-based platform, which means you can access it from virtually any device with access to the internet. You won’t need to install any dedicated software; you’ll only need a web browser to use TrendSpider. In addition to the browser-based version, there is also a mobile app—available on both iOS and Android devices—that you can use to access your account on the go. More than one TrendSpider review has pointed out that the mobile version is actually faster than the browser-based version (though only by a few milliseconds). This might not seem like much, but this small difference can have a big impact on the success or failure of your time-sensitive trades.
Limitations
You won’t run into many limitations with this platform, but this TrendSpider review wouldn’t be complete without mentioning the few issues you may have. Fortunately, most of the limitations—like the lack of backtesting, trading bots, and SMS/email alerts—are largely based on the plan you choose. As such, they can be easily resolved simply by upgrading to a higher plan. However, you’ll still run into a few limitations. For example, you can only have up to 16 stock charts open at one time, and TrendSpider limits even “Advanced” accounts to 5 trading bots. Nonetheless, your time using this service will be largely restriction-free.
Summary
If nothing else, here is the general takeaway we want you to have from this TrendSpider review: TrendSpider is ideal for active investors. While still useful to those searching for long-term investment opportunities, this service was created primarily for day and swing traders. That said, if real-time data and intricate insights are what you desire, then TrendSpider is an excellent choice. If you’re ready to take your trading strategy to the next level using AI insights and automation, click here to get started!
