How to Choose the Right Investment Software

Did you know that there are more than two dozen online investment management software platforms available to choose from? That’s right. When you first hear about all of the different software options available for managing your investments, the scope of the problem might seem overwhelming. Thankfully, we’ve done the heavy lifting for you and sorted through the noise to find the software that is right for you. If you’re the type of person that likes to do your research and understands the value of staying organized, then this article is for you. If you’re ready to dive in and learn more about software for finance and investment, keep reading.

What is investment software?

Investment software is computer software that helps investors manage their money. Different investment software platforms have different features, but they all have one thing in common: They automate a lot of the boring and repetitive aspects of trading stocks, bonds, and other assets. If you’re the type of person that likes to stay organized and hates the idea of clicking “next” 200 times to add new trades, investment software is a great option for you. Investment software is also an excellent choice for people who want to invest on the lows (and highs) of the market.

Investment software can track your portfolio and offer real-time insight into the health of your investments. It can also help you understand your investment strategy and provide charts and graphs to visualize your investment performance. While most investment software will cost money, there are plenty of free options too.

Investment software platforms: A brief history

Investment software has been around since the early 2000s, but it wasn’t until the advent of the internet that it truly exploded in popularity. In the past decade, more investment software platforms have been launched than ever before. There are currently more than two dozen investment software platforms that are available to investors, and the number keeps growing. For the most part, these are web-based platforms that run on software that’s hosted by a third-party. Most of the popular investment software platforms are hosted by eVestment, BetterBets, and FinSet (formerly known as FinSwap). Before investing in any investment software, it’s important to understand the platform’s background and how it works. 

How to choose the right investment software for you

Just like we need insurance for our life and health, before you invest any money in an investment software platform, you’ll want to carefully consider your investment goals and your tolerance for risk. The best investment software is useless if you don’t use it. This means that you should first determine what type of investor you are. Are you a conservative investor that wants to stick to a proven strategy? Or are you a more aggressive investor that likes to take risks? Next, you’ll want to analyze your investment risk tolerance. What is your comfort level with losing a portion of your hard-earned money? These are important questions to ask yourself, because different investment software platforms cater to different levels of investors.

To help you navigate the dizzying array of options available, we’ve put together a list of questions that you should ask yourself when searching for the best investment software for you. How much money will I invest? How often will I trade? What types of trades will I perform? How much research will I do? What platform will I use? These are all important questions that will help you narrow down your search. Once you’ve got a better understanding of what you’re looking for, it’s time to look at the platforms that are currently available.

Investment software for serious investors

If you’re looking for the best investment software on the market, there are some good choices. For example, Tradingster is the best website for COT reports, which have been used for many traders for market analysis. It's COT reports include different market sectors and also provides historical data. MarketWake is a great software for active traders that want to track multiple portfolios, execute trades quickly, and benefit from real-time trading insights. It also has advanced tools like a money flow analysis that helps investors understand the best time to enter and exit a trade. Another great choice is WealthBar, which is best for serious investors that want a wealth management solution that’s easy to use.


Investment software is a critical tool for any investor’s toolkit. It can help you stay on track with your investment strategy and stay focused on your goals. Choosing the right investment software is crucial, and luckily it doesn’t have to be an overwhelming process. Follow these tips, and you’ll be well on your way to finding the right investment software for you.