OptionAlpha Review: Option Alpha’s Simplified Strategies

Speaking of automation, Option Alpha revolutionizes options trading with its cutting-edge platform. Dive into this comprehensive OptionAlpha review to see the future of trading now! 

Curious about its legitimacy and usability? Let’s dissect the platform’s features, education resources, membership tiers, and pricing. Get ready to discover many interesting facts! 

How Does Option Alpha Work?

At the heart of this AI tool is an automated trading system. Setting up a bot is easy. You can name it, link it, allocate funds, and define limits. 

No need to start from scratch. Why? Well, the OptionAlpha trading platform offers pre-built templates. Instant testing ensures your setup is flawless. Now, let’s take a look at the automation types:

• Scanners: These run at defined intervals, aiding in market analysis and decision-making. SmartPricing, a clever technology, optimizes order placements for the best prices, saving you time and effort.
• Monitors: Managing over 200 positions effortlessly, monitors keep your trades in check. They provide a continuous overview, helping you see optimal exit points.

Is Option Alpha Legit? 

This looks like a legitimate platform, offering some value to options traders. Its educational materials and powerful automation features make it a good choice. But we must be aware of the average rating it received on Trustpilot. 

Yet, there’s a caveat – expertise matters. To maximize the platform’s potential, a certain level of trading knowledge is essential. For beginners, the initial price tag may seem steep. Still, the investment in education and automation is clearly worthwhile.

Option Alpha Education

What about the education? From basic concepts to intricate strategies, their resources cover it all:

• Video Tutorials: Explore risk management, trading strategies, and more through a library of tutorials.
• Podcasts and Webinars: Founder Kirk Du Plessis hosts a weekly podcast, offering market insights and interviews with successful traders. Webinars led by industry experts enrich your understanding.
• Rich Library: Extensive blog posts, trading courses, and a trading simulator provide a holistic learning experience.

Option Alpha Automated Trading

Option Alpha’s automated trading is a game-changer. It allows traders to automate various steps seamlessly. 

The process is intuitive, offering a simple approach to executing trades. With a diverse array of bots, the platform is suitable for everyone. 

Whether you’re a hands-on trader or prefer a more laid-back approach, Option Alpha’s automation has you covered.

Membership Tiers

This trading company offers 3 membership tiers, each for different trading needs:

• Free Membership: Ideal for beginners, this tier provides foundational resources, including video tutorials, podcasts, and a trading simulator. Besides, if you have a Tradier brokerage account worth at least $2,000, you can enjoy Pro membership benefits for free. This includes $0 commissions.
• Pro Membership: Designed for experienced traders, this one unlocks advanced tools, backtesting, trade alerts, and algorithmic platforms. With 20 bots and a $50k limit per bot, Pro members have a robust arsenal at their disposal.
• Elite Membership: Made for professionals, this tier offers personalized support, customized data feeds, and access to new features. With 50 OptionAlpha bots and a $100k limit per bot, Elite members have many perks.

OptionAlpha Pricing & Fees

The pricing structure here is transparent and flexible. It suits diverse budgets and trading ambitions for sure. Opting for an annual plan provides cost savings, as you can see:

• Standard: $79/month or $69/month (annual plan)
• Pro: $99/month or $79/month (annual plan)
• Pro+: $199/month or $159/month (annual plan)

The Pro account, slightly pricier than the Standard, offers significantly improved features. This is what makes it a popular choice among people seeking prime value for their investment.

Note: Providing stock market data, tools, and research, GuruFocus is a solid platform. You can check them out!

Pros and Cons of Option Alpha

It’s time for us to discuss the pros and cons of this trading company. Let’s dive in! 

Pros:

Option Alpha offers excellent learning materials, perfect for beginners. The videos and blog posts cover everything, making it easy to start. We must agree! 

The platform’s auto-trading feature is well-supported by these resources. So, trading is much smoother for users.

Cons:

Still, if you prefer manual trading, the tools here are limited. The platform is more suited for those who like auto trading, and it lacks some essential tools for manual traders. 

Also, there’s no mobile app yet, limiting trading on the go.

Who Option Alpha Is Best For

This trading firm works best for experienced investors looking for long-term gains and strong risk management. 

But if you’re after quick, high profits with small investments, or if you’re new to options trading, this might not be the ideal platform for you. It mainly focuses on low-risk strategies.

Trader Reviews on Trustpilot: A Reality Check

On Trustpilot, Option Alpha has an average 3.5-star rating. It’s a decent score, but there are platforms with much better ratings (4.5 stars or more) out there. 

Opting for a highly-rated platform ensures a safer trading experience. Make sure that you know this! 

Note: Since its beginnings in 2014, ExpertOption has become a trusted hub for more than 30 million traders worldwide. Recognized as the Best Trading Platform in 2017, ExpertOption strives to simplify trading. Their Expert Option Bot software offers over 100 instruments and 6 account types. So you can check them out!

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Final Thoughts

We all know that in finance, making smart choices is key. While Option Alpha has its strong points, there are many other reliable options out there. Make sure you choose trading companies and bots with strong credibility. 

Consider tools like our AI Analysis Bot, as it provides a mind-blowing trading experience. It’s always better to make wise decisions and invest in platforms that care about your success.

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