Option Alpha
CATEGORY
Multi-Assets
AI SCORE
8
BROKERS
TradeStation
Founded
2010
Headquarters
Miami, Florida
Employees
10-15
Option Alpha is a trading automation platform built to help retail investors create, test, and deploy options and stock strategies—without writing a single line of code. Founded in 2010 and headquartered in Miami, the company combines intuitive no-code technology with deep options education, making algorithmic trading accessible to both new and experienced traders. Option Alpha connects directly to brokers such as TradeStation, tastytrade, and Tradier to automate execution while maintaining full transparency and control.
Option Alpha’s mission is to empower traders to make smarter, more consistent decisions by automating their strategies through education-driven technology. Their approach focuses on simplifying complex systems into visual, no-code workflows that remove emotion from trading. The platform encourages traders to design and test their own rules-based automations, enabling them to build confidence through data, backtesting, and continuous optimization.
Since its launch in 2010, Option Alpha has established itself as one of the most trusted names in retail options automation. The company’s founder, Kirk Du Plessis, built the platform to bridge the gap between education and execution—offering both comprehensive learning resources and practical automation tools. Today, Option Alpha supports thousands of bots running across 120+ countries and processes billions in simulated and live trading volume. Its leadership team combines deep trading experience with proven technology expertise, ensuring the platform evolves with the needs of modern traders.
Full automation: Build and execute entire strategies automatically, from entry signals to exits and risk management, using a no-code interface.
Backtesting capabilities: Analyze performance over historical data to validate trade logic before deploying live.
SmartPricing system: Optimize order routing to improve fill quality and execution efficiency.
Paper trading mode: Test and refine bots in a simulated environment with real-time market data.
While Option Alpha automates strategy execution, outcomes depend on market conditions, strategy quality, and user-defined risk management. Profits are not guaranteed, and automated trades can result in losses. Certain brokers and asset types—such as futures or forex—are not currently supported due to API limitations. Users may also need to periodically reauthorize broker connections, depending on integration requirements. Option Alpha maintains clear communication around trade performance, system reliability, and data transparency, ensuring traders understand both the potential benefits and inherent risks of automation.
Pros
No-code platform for complete trading automation
Integrated backtesting and paper trading tools
Strong focus on education and community support
Flexible automation design for multiple trading styles
Cons
Requires time and learning to configure effectively
Broker API restrictions may limit certain trade types
0DTE Oracle
Option Alpha’s 0DTE Oracle helps traders evaluate and deploy intraday, same-day options strategies with rules you can test first and automate later. Results are shown with clear win-rate, drawdown, and profit-factor stats so users can judge risk and consistency before going live.
Backtesting & Analyze Dashboard
Strategies can be backtested over historical data and then tracked in the Analyze dashboard, which reports win rate, average win and loss, max drawdown, and capital at risk. This makes returns transparent without promising fixed yields.
Traders often highlight Option Alpha’s Trade Ideas scanner (which continuously finds option trades by expected value (EV) and probability) and its 0DTE Oracle / backtesting engine (which lets users test next-day / 0-day strategies using historical intraday data) as two of its strongest features.
Feedback on Trustpilot yields a 4.3 out of 5 TrustScore, with users praising its automation capabilities, educational resources, and broker integrations. Some users — especially beginners — caution that results depend heavily on market conditions, slippage, and the quality of strategy logic.
(As of October 2025 – Trading Bot Experts Internal Rating)
Metric
Score
Trust Index
4.3 / 5
Customer Loyalty
4.5 / 5
User Reviews
3.8 / 5
Popularity (traffic)
4.2 / 5
Brand Visibility (domain mentions)
4.4 / 5
Domain Stability
4.0 / 5
Monthly traffic trend: stable with gradual growth year over year.
Referring domain trend: healthy and climbing, consistent with established platforms.
Robust toolset for options automation, including 0DTE workflows, backtesting, and live performance tracking.
Clear analytics support disciplined, rules-based trading and help users refine strategies over time.
Paper trading and no-code builders lower the barrier to testing before real capital is used.
Results depend on strategy design, risk management, and broker execution; no fixed returns are promised.
Two-Factor Authentication (2FA) is required for all logins and account changes, adding a layer of protection for user credentials and automation data. 2FA can be managed within user settings, and password resets require verified email confirmation.
Privacy Measures. Option Alpha limits data collection strictly to necessary information for service delivery—such as login details, trade automations, and bot configurations. Personal data is encrypted at rest and never shared with third parties without explicit consent.
Data Control. Users can export or delete account data upon request, aligning with standard GDPR-style privacy controls.
Option Alpha uses a valid SSL certificate issued via Let’s Encrypt, securing all data transmission between browser and platform. All transactional endpoints (e.g., broker connections, trade logs) use encrypted APIs.
The Option Alpha domain has been active and continuously maintained since 2008, which indicates long-term operational stability and a verified ownership history.
Option Alpha offers a 30-day satisfaction policy on paid plans. Users can cancel any time during this period if not satisfied with the service. Refunds beyond that window are considered on a case-by-case basis.
The company reserves the right to terminate accounts for violation of platform policies—such as unauthorized sharing of automation templates, resale of proprietary scripts, or abusive behavior within the community.
Category
Assessment
Account Security
Enforced 2FA, internal data handling protocols, encrypted broker integrations
Privacy Protection
Personal data encrypted and used only for login and bot execution purposes
Website Integrity
HTTPS encryption, active domain since 2008, stable uptime with transparent API usage
User Trust
4.3 / 5 Trustpilot score, strong community feedback, clear privacy disclosures
Refunds & Policy
30-day refund policy with clear terms and cancellation flexibility
Internal uptime and latency data (e.g., execution times) are not publicly published but have remained consistent per user reports.
The domain’s longevity and transparent partnerships with U.S.-regulated brokers enhance trustworthiness.
Users are advised to review broker-level compliance policies when connecting live trading accounts.
Category
Option Alpha
.png)
Options Auto Trader
.png)
SignalStack
Supported Strategies
Automates custom options strategies including covered calls, iron condors, credit spreads, and 0DTE workflows via its no-code builder
Wide range: Sell Puts/Calls, Strangles, Ratio spreads, credit/debit, iron condors, etc.
Converts external signals (e.g. TradingView) into orders across asset classes
Asset Types
U.S. stock and ETF options
Stock Options, Index Options, Futures Options
Stocks, Crypto, Forex, CFDs, Futures, Options
Broker Integration
Integrates directly with TradeStation and Tradier for live execution; paper trading supported internally
TastyTrade, general plans for Tradier, IBKR, Schwab
Supports 23+ brokers/exchanges including Interactive Brokers, Capital.com
Paper Trading
✅ Fully supported with real-time simulated data
❌ Not supported
✅ Supported (demo signals before live trades)
Advanced Analytics
✅ Includes performance logs, position metrics, and live-trade visual dashboards
✅ Includes trade analytics, performance heatmaps, early management tools
✅ Offers signaling and some performance tracking via provider integration
Order Entry Automation
✅ Fully automated via workflow builder; users can trigger bots based on live conditions
✅ Fully automated
✅ Fully automated from external signals
Take Profit / Stop Loss Options
✅ Customizable automation for exits, scaling, or partial closing
✅ Yes, including stealth and teardown features
Varies by integration provider
Order Entry Automation
✅ Fully automated
✅ Fully automated
✅ Fully automated from external signals
Pricing
Free plan with limited bots; paid tiers start at $49/month up to $299/month for Pro automation
$97–$497/month depending on plan
Free tier (5 signals), paid plans start at $27/month
Refund Policy
30-day satisfaction guarantee on paid plans
30-day unconditional refund policy
Usually free-tier + trial; policies vary by plan provider
Ease of Use
Highly intuitive drag-and-drop interface; beginner-friendly setup in minutes
Slightly more complex; more setup customization required
Signaling-based; suitable for users familiar with TradingView or automation workflows
Option Alpha’s bot automates trading decisions through a rule-based logic builder. Users define entry and exit criteria—such as price levels, probability ranges, or volatility—and the bot scans the market continuously to execute trades that meet those conditions in real time.
Yes. Each bot can run several automations simultaneously. Traders can design different strategies—like credit spreads, covered calls, or iron condors—and manage them independently under one portfolio. Bots can also pause or scale positions automatically based on performance rules.
Option Alpha currently supports live and paper trading through TradeStation and Tradier, with all orders routed securely through broker APIs. More integrations are in development, ensuring direct order execution without requiring external software or manual confirmation.
Yes. Risk management is built into every automation. Users can add stop-loss, take-profit, and position-sizing rules to control exposure. The bot automatically adjusts trade sizes or exits positions when specified thresholds are reached, reducing emotional decision-making.
Absolutely. Option Alpha includes a native backtesting engine that lets you simulate strategies using years of historical options data. This helps traders refine entry logic, expiration choices, and allocation models before deploying them to live or paper bots.
Yes. Option Alpha’s drag-and-drop automation builder allows users to create bots visually without coding. Each step—such as entry conditions, loops, and decision blocks—is clearly labeled and supported by in-app tutorials. Beginners can also import pre-built templates from the shared community library.
Skip hours of research. Our experts have tested dozens of trading bots so you don’t have to. Answer 6 quick questions and get a personalized recommendation based on your trading style and goals.”
Get My Bot Recommendation