Ideal for new traders who are just getting started.
Connect to TradeStation or Tradier Brokerage and get a FREE Option Alpha Pro+ membership
Connect your qualifying* Brokerage account and unlock Option Alpha at the Pro+ level for free (save $2,400/year) + still get $0 commissions** when trading through TradeStation or Tradier! By participating in this sponsored promotion, the expectation is that 50%+ of your live trading activity is through your connected account.
Everything you need to know about our plans at Option Alpha. Can't find the answer you're looking for? Please email our friendly team.
Is there a free trial?
Yes, you can try Option Alpha completely free for 30 days. During your trial you'll have a chance to kick the tires on every part of the platform so you can make the best decision. Plus, there's no credit card required to sign up.
What is the cancellation policy?
We understand that things change. Rest easy knowing there are never any contracts or commitments, and you can cancel at any time. In fact, we make it easy to cancel your subscription with one-click inside your billing profile.
What is the refund policy?
We offer a clear refund policy for our traders. This is on top of our full-featured 30-day free trial. Your subscription remains active for the remainder of your paid billing period. Annual plans are refundable within 7 calendar days of an automatic renewal billing.
Can I cancel at any time?
Yes, you can cancel at any time and there are never any contract commitments. In fact, you have control to cancel your account directly from your account settings.
Does Option Alpha charge commissions?
Option Alpha is not a broker. We are a software service provider. We will do not charge you commissions of any kind. Your broker’s fee structure still applies to all trades sent through the platform. Some of our brokers have developed promotion deals for reduced or free commissions just for Option Alpha traders. For more details, please see our broker integrations page.
How does Option Alpha make money?
We generate revenue through recurring subscriptions to our platform and software. We don't get paid commissions for order flow or based on how much you trade.
Can I paper trade with Option Alpha?
Yes, 100%. We built our own paper trading engine so you can paper trade as much as you want right inside Option Alpha without having to connect to a brokerage. Paper trading allows you to test your bot’s automation logic risk-free, in real-time, with live market conditions. Plus, you leverage the power of bots to test limitless strategies, ideas, and portfolio combinations so you're comfortable with autotrading before you start trading live.
What is a qualified account for the Pro+ promotions?
Maintaining an active integration between your brokerage account and Option Alpha is always required. In addition, Tradier requires you to maintain a minimum account balance of $2,000 in cash or positions, and TradeStation requires you to maintain a minimum account balance of $10,000 in cash or positions. If your balance falls below the required minimums, a notice will be sent asking to raise the account back to the minimum qualification or risk termination. There is no need to pay in advance or submit anything for reimbursement; it’s all handled for you automatically (as any true automated trading platform should).
What options strategies are supported?
Long equity (stock) and risk-defined options strategies including; long debit spreads, short credit spreads, iron condors, and iron butterflies. Calendars, diagonals, straddles, strangles are currently not supported.
Can I trade index options such as SPX?
No, SPX as well as other index options are not supported at this time. SPX specifically has unique minimum price increments that change depending on the price of the underlying contracts being traded. SPX is the only product that behaves in this manor and it would require a major overhaul of our systems to support.
Can I change my plan later?
Of course. Our plans can scale with you as you get more comfortable with Option Alpha and your trading needs grow. At any time, you can upgrade to the next level and we'll just prorate the difference automatically for you upon upgrading.
What forms of payment can I use?
We have several forms of payments available, including PayPal, ApplePay, AmazonPay, VISA, Mastercard, American Express, Discover, JCB, and Diners Club.
Do I need to know how to code?
Nope - never! Option Alpha requires no coding experience. None. Zero. Nada. Our entire platform was built with a no-code framework which means everyone can learn how to use bots and automations with no prior experience. Plus, we also have extensive autotrading resource center to learn how to start autotrading.
Does my subscription automatically renewed?
Yes, your subscription will automatically with the same payment method you used to upgrade to ensure there is no unnecessary interruption in your bots or account. Monthly subscriptions are renewed on the same day every month as they began. If you have an active annual subscription, you will be billed automatically on the anniversary date of the initial subscription.
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.
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.
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.
What if my broker isn't supported yet?
Call/email/tweet/message your broker and request an integration! If there is broker you want supported, the best thing you can do is help us push them to integrate. Most brokers we would love to connect with either do not offer a public API yet and/or have legacy API technology that cannot handle autotrading. Our goal is to support as many brokers as possible. Anything you can do to help push them along from you end helps us move faster.
How much does Option Alpha cost?
Option Alpha offers monthly and annual memberships with multiple pricing plans. See pricing for more details.
What ticker symbols are supported?
Option Alpha supports more than 350 of the most popular and active stocks and ETFs. Additional symbols may be added to the database based on popularity and liquidity. Click here to view the full list.
Do you support traders from Canada?
No. Unfortunately at this time there are no active broker integrations that support Canadian traders. However, you can still use Option Alpha for backtesting, finding new trade ideas, and paper trading options strategies while using email notifications to help alert you to trades you can place manually.
Is there a mobile app?
Not at this time. Developing a mobile app is on our roadmap for the future but there's no firm ETA yet.
Do you offer accounts for Professional subscribers?
Not at this time. Currently, the platform is only intended for use by Retail, non-professional investors as defined by the NYSE.