Scalpr is an automated trading app built for regular people, not pros. After using it for months, we score it A-. What we liked most is the app — it's clean and quick. We explain the good and the not-so-good below.
Best for: Regular people who want to trade from their phone and are happy to start with $0.
Not for: Professional traders who need special tools, or people who want round-the-clock phone support.
Scalpr is among the rare AI trading platforms that focused on getting the important things right — things like safety and clear pricing — instead of hype. From what we saw in testing, we land on A-.
The only thing holding it back is the price of some extras that run a bit high. Happily, those are simple fixes — the app itself is solid.
Making a trade is easy. Across our test trades, everything went through without fuss and prices were fair, often a touch better than average.
For simple buys and sells, it is smooth. Fancier options trades can sometimes be a little slower — worth knowing if you trade options a lot.
There's no charge to trade stocks — no commission. That's the good part.
Where you might pay more are a few add-on services, which could be lower. It's all shown before you pay, so there are no nasty surprises.
The mobile app is the standout. Everything is easy to find, even if you've never invested before.
There's handy info inside the app — prices, news, and simple charts — so you can trust it. The website is fine as well, though the app is the star.
Safety is a strong point. Your money is held in a separate account, for your protection.
The platform is watched by independent regulators and is reviewed by outside experts. If you also hold crypto, a licensed partner looks after it — normal for the industry, but good to know.
Overall, we're happy to give Scalpr a score of A- for beginners and casual traders. It does the important things well: simple, safe, and fair.
For a perfect score, Scalpr just needs to trim a couple of fees. We'll revisit this and update this review if things change.
Definitely. Scalpr has a full phone app. The app is the best way to use it — charts, trades, and your account all fit nicely on a phone screen.
Yes. Your money is kept in a separate account, which protects you if anything goes wrong. Regulators and independent auditors also keep watch.
Yes. Help is available any time by chat and answers come fast. Harder issues get passed to an expert rather than left waiting. The one downside is no weekend phone line.
Not really. Scalpr shows all costs up front — no monthly charge, no inactivity fee. A couple of extras cost a bit more, but never hidden.
You can start with $0. You don't need a lot to begin. Signing up is free.
Absolutely. You can transfer your investments over, and Scalpr will usually cover the fee your old provider charges up to a limit. The move takes a few days.
A regular account is available, plus tax-friendly retirement accounts. It only takes a few minutes, though a couple take a day or so to set up.
Of course. Your money isn't tied up. Cash-outs clear within a business day, with no fee from the platform.
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