Option Alpha is NOT a brokerage platform. We are a software service platform that connects to your brokerage account through an API to submit your orders. We hold no funds and do not have access to move or transfer money in your accounts.
Do I need to know how to code?
Nope - never! Option Alpha requires no coding experience. None. Zero. Nada. Anyone can create a new bot on Option Alpha and all decisions you tell the bot to make use natural language recipes. You can clone bot templates and automations shared in the Community. Plus, we also have extensive autotrading resource center to learn how to start autotrading.
Are there sample bots or templates I can use?
You bet! We provide a set of “sample” bots that can be cloned to help you get started and learn how bots work. Plus, you can always browse hundreds of templates and strategies shared in the Community by fellow traders.
What forms of payment can I use?
We have several forms of payments available, including PayPal, ApplePay, VISA, Mastercard, American Express, Discover, JCB, and Diners Club.
How does Option Alpha handle security?
Security is our #1 priority. In addition to two-factor authentication (2FA), we require the highest level of TLS browser encryption and broker-dictated security protocols such as OAuth API access to secure your trades. We send all requests originating from bots via point-to-point access from our US-based servers directly to your broker and place multi-tiered WAFs, web application firewalls, in front of all web traffic to protect against malicious hack attempts.
Does my subscription automatically renew?
Yes, your subscription will automatically with the same payment method you use to upgrade. Monthly subscriptions are renewed on the same day every month. If you have an active annual subscription, you will be billed automatically on the anniversary date of the initial subscription.
Can I cancel at any time?
Yes, you can cancel at any time and there are never any contract commitments.
Does Option Alpha charge commissions?
Option Alpha is not a broker. We are a software service provider. We will never charge you commissions. Your broker’s fee structure still applies to all trades sent through the platform. Some of our brokers have developed partnership deals for reduced commissions. See broker integrations more details.
How can I get access?
You can get access in one of two ways. First, you can request an invitation and join our waitlist. We'll let you know when it's your turn at which point you'll have the ability to start a free 30-day trial. Second, you can soon choose to skip the waitlist completely when you upgrade to any annual plan as soon as we open access to the public.
Is there a free trial?
Absolutely! You can try the platform risk-free, no credit card required, with a free 30-day trial.
Note: We are currently sending invites for a trial to those traders who joined our waitlist. If you're not on the waitlist yet you can request an invitation and we'll let you know when it's your turn to start the free trial.
What brokers are integrated for autotrading?
Currently, TD Ameritrade, Tradestation, and Tradier are integrated. Want access to a different broker? Please request integration with your favorite broker using the links on the Broker Integrations page.
Can I paper trade my bots first?
Of course. In fact, we always recommend paper trading your bots first. We built our own paper trading platform that uses live data, unlike the delayed data often provided by brokers. This means you can use Option Alpha even if you never connect to a brokerage account.
Are there any special pricing deals?
Yes! For a limited time as a special during our public launch, we are offering up to 50% off when you upgrade to an annual plan. Plus, you'll get to skip the waitlist and start trading immediately.
Do you store my credit card info?
Nope. Option Alpha does not have access to any of your credit card information. Payments and billing is always managed through secure merchant gateways with our payment providers.
How do I change my payment method later?
You can easily edit your payment method inside your account profile. You can change or update credit cards at any time. If you want to switch to PayPal from a credit card please contact us to help as PayPal requires a slightly different process.
What happens to my bots if my credit card expires?
We'll work together to get it updated so there's no interruption in your service. You will receive a series of emails to notify you of the expired card and can easily update the card information securely inside your billing profile. You will not lose your account but during this time, you will not have the ability to create new bots or modify existing bots. After 30 days if you have not updated your card, your account will be canceled and deactivated.
What happens to my bots if I cancel my account?
Once the cancelation is effective at the end of your next subscription period, all bots will automatically be turned off. You will then have 30 days to reactivate and restore your account if you want to save your bot templates and automations. During this time, all active positions will need to be managed in your broker application.
Can I get reduced commissions with Option Alpha?
Yes! Many of our broker partners offer specific discounts exclusively for Option Alpha traders. Learn more here.
Can I connect to more than one brokerage?
Absolutely! See this Broker Integrations page for details on compatible brokers. You can connect multiple brokers simultaneously, even sub-accounts at the same brokerage.
How many accounts can my bots access?
Your Option Alpha account can be connected to as many available and compatible brokers as you like. Each broker allows one API connection, which means you can connect one login per broker. Using multiple sub-accounts with the same broker requires the accounts be linked together in a single login. Speak to your broker for details on linking sub-accounts.