Market Prophet AI Review

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Contributor, Benzinga
June 27, 2024
Market Prophet AI
Overall Rating:
securely through Market Prophet AI's website

Market Prophet AI is a cutting-edge AI driven options trading service that helps beginners and experienced option traders optimize returns. Historically, quant funds have used machine learning and algorithms in investing. However, the generative AI boom, driven by large language models such as ChatGPT, is making the power of mathematical, AI-powered analysis accessible for all traders. The Market Prophet AI does more than scan or analyze, it finds the specific trades for you.

The Market Prophet AI is your go-to artificial intelligent for options trading. The AI identifies high-probability trading opportunities, utilizes optimal trading strategies, and manage risks through advanced machine-learning algorithms and real-time data analysis. Here’s all you need to know about Market Prophet AI, with an overview of its features and how the AI can help you turbocharge your options trading strategies.

Best For
  • Beginners and experienced options traders
  • Beginners and experienced stock investors
  • Institutional traders, asset managers and hedge funds
Pros
  • Facilitates hands-off trading via AI-driven automatic trades.
  • Leverages sophisticated analytical models to deliver accurate forecasts
  • Prioritizes risk management while maximizing ROI
  • Available round-the-clock with responsive customer support
  • Real time demo access to live market trading
Cons
  • Relatively high subscription price
  • Potential clients must meet minimum liquidity requirements
  • Not intended for high frequency traders

Market Prophet AI Ratings at a Glance

Pricing
Features and Tools
Supported Assets
Customer Service
User Experience
User Benefits
Security
Overall
Table of Contents

Pricing

Market Prophet AI offers transparent and flexible subscription pricing options. You can opt for an annual package at $2,999, the minimum subscription charge, or a relatively cost-effective biennial (two-year) subscription service that costs $4,999. A lifetime subscription is also available at $9,999. The value and proven track record Market Prophet AI delivers to options traders, in terms of optimum performance at minimum risk exposure, more than compensates for the pricing. Nevertheless, the high subscription fees mean undercapitalized traders may not qualify for the service. Moreover, there are no monthly subscriptions, bonuses or discounts but occasionally run quarterly promotions.  

Features and Tools

Market Prophet AI utilizes its NLP (natural language processing) AI to create fully diversified trading strategies for your portfolio. The AI analyzes multiple proprietary fundamental and technical indicators, blending real-time sentiment reports from 200+ news sources with over 11.3 million bits of market data per second, to deliver accurate forecasts and pinpoint optimal trades. Market Prophet AI’s artificial neural networks boast hundreds of fundamental data points on every major S&P 500 stock, allowing for detailed insight. 

Thanks to its 65 proprietary technical indicators, it can easily and quickly spot historical and real-time patterns for improved trading accuracy and timing. The AI’s automated option strategies place your trading account on autopilot, removing all the guesswork involved in researching, finding, and analyzing option trades. You simply set the proper leverage on your brokerage account, and the AI will place and execute the trade with risk management. 

Robust trade management is at the core of Market Prophet AI. For instance, if it meets specific criteria, it will automatically and instantly enter a trade and exit accordingly. This minimizes risk exposure and maximizes your profit potential. This is ideal for investors seeking automated option trading strategies. 

Furthermore, integrating crucial data points from 31 countries provides a more extensive analysis of global market trends and influences, leading to better-informed and potentially more profitable trading strategies. Overall, Market Prophet AI delivers high-quality, risk-defined, high-probability option trades that have a proven track record of optimal returns. 

Supported Assets

Market Prophet AI primarily supports options trading. So, it is ideal for stock option traders, seeking automated trading strategies to optimize returns while minimizing risks. 

Customer Service

Market Prophet AI provides efficient and responsive customer support across multiple channels. Upon subscription, their onboarding team will immediately help you set up your account with Interactive Brokers. After that, you can access support Mon-Fri from 8 a.m. to 8 p.m. CST Via email and Phone, for any additional support needed. 

Moreover, you can request a free demo of the AI to see if this is a good fit your investment goals. The platform’s newsletter subscription offers NLP AI with auto trade capabilities, giving you the edge needed for institutional-level results. 

User Experience

Market Prophet AI has a standard website layout with minimal features. The design isn’t overly polished or exciting, nor is it clunky. The best way to get started with this platform is to request a demo by filling in your basic information. This enables you to better understand the services which is especially vital if you’re a beginner with zero knowledge of AI automated trading 

Nevertheless, you do not need any advanced knowledge to take advantage the service offered. If you need any assistance, the support team can help. Overall, Market Prophet AI delivers an impressive user experience thanks to its seamless sign-up process and automated options trading strategies, allowing hands-off investing.

User Benefits

Market Prophet AI provides stock options traders with advanced tools for identifying profitable trading opportunities through its sophisticated machine-learning algorithms. Its fundamental data points and proprietary technical indicators grant you detailed and actionable insights into the global market trends and help you craft a winning options trading strategy. 

Moreover, if you prefer a hands-off investing approach, you can use its AI-automated options trading strategies. While you can access expert assistance from the support team. 

Security

Market Prophet AI is not a broker or broker-dealer, so it cannot access your funds or investment capital. Your brokerage platform is fully secured with advanced encryption protocols ensuring the protection of the client’s personally identifiable information and other sensitive data, including payment information at rest or in transit across its network. 

Market Prophet AI will never share, sell or lend your data to a third party without your consent except in compliance with judicial precedents. You can review their privacy policies to better grasp its approach to protecting your data and your responsibilities. 

Overall

The AI revolution is already in full swing, and there’s no better time to leverage its full potential than now. Whether investing in AI stock or using AI software to execute trades and optimize returns, the AI market offers investors multiple opportunities. Market Prophet AI is at the forefront of AI stock option trading, which gives investors of all levels optimum performance with minimum risk.

Its AI-automated option trading is also worth considering if you’re a passive or hands-off trader. Customer support is efficient, and although pricing is relatively high, the value you get from the software more than compensates for that. 

Market Prophet AI vs. Competitors

Market Prophet AI has a few competitors, including Dash2Trade and TradeIdea. Dash2Trade provides crypto traders with unique indicators, signals, and bots (auto trading tools) for enhanced trading. That is unlike Market Prophet; it is crypto-specific. Trade Ideas furnishes active traders with AI signals, customizable alerts, advanced charting capabilities, and timesaving data visualization needed to trade the market confidently. 

In contrast, Market Prophet AI’s auto trading systems employ advanced machine learning algorithms that leverage fundamental data points, market sentiment, trends, and millions of market data to generate accurate foresight for profitable options trading.

Frequently Asked Questions

Q

How trustworthy is Market Prophet AI?

A

Market Prophet AI adopts robust encryption technology to protect users’ accounts and data, making it a trustworthy platform. 

Q

Which AI trading platform is best?

A

Like most trading tools, Trade Idea Services, or software, the best AI platform will depend on an individual’s preferences investment goals and trading needs.

Q

Is there a free version of Market Prophet AI?

A

Yes, there’s a demo version to help you get started is free.

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Chika Uchendu

About Chika Uchendu

Chika Uchendu is an investing writer and investment platform analyst passionate about helping people learn more about managing their finances, making informed investment decisions, and navigating the complex landscape of investment platforms to find the best options for their financial goals and needs. He has over 8 years of experience writing compelling articles for various reputable publishers across diverse topics. When he’s not writing content, he’s wrangling and analyzing data to help businesses make informed decisions.