Pricing

Pay only for what you use

Whispertrades pricing is simple and pay-as-you-go: bots are billed per trading day only while they run, and backtests are billed per run. No monthly subscription required, no long-term commitments, and nothing to cancel.

Automated Trading

from $1.10 /trading day

Per bot, with volume discounts from your second bot. Half price while a bot has no open position, and disabled bots are always free.

See the full rate table

Backtesting

$0.50 /position

For the full 2016-to-present history. Shorter date ranges cost less, and a one-month backtest runs for under a penny.

See how backtests are priced

Bot pricing

Each bot is charged per trading day, and the rate per bot drops as you run more of them.

Bots running	Per bot, per trading day	Per bot, per month*
1 bot	$1.10	~$23.10
2-3 bots	$0.95	~$19.95
4-6 bots	$0.85	~$17.85
7-9 bots	$0.80	~$16.80
10-12 bots	$0.75	~$15.75
13+ bots	$0.70	~$14.70

* Approximate, assuming 21 trading days per month.

Half price with no open position: A bot that is enabled but not holding a position is charged 50% of its tier rate while it watches the market.
Paper bots are always half price: Every paper trading bot runs at 50% of the standard rate, all the time.
Disabled bots are free: Charges accrue in 10-minute increments only while the market is open and your bot is enabled, so disabling a bot mid-session stops its charges immediately.

Estimate your exact cost with the bot pricing calculator, or read the full billing mechanics in the docs.

Backtest pricing

Backtests are pay-as-you-go from the same prepaid balance. Each position in a backtest costs $0.50 for the full available history, 2016 to present, and shorter date ranges are prorated down. A single backtest can hold up to 8 positions, and the charge is taken from your balance when the run finishes.

$0.50
1 strangle, full history: ~$0.007
1 credit spread, one month: $1.00
1 strangle + 1 long call, full history

Learn more about intraday options backtesting, or read the backtest pricing details in the docs.

How billing works

Prepaid balance: You fund a small Whispertrades balance and usage draws it down. Your trading capital never touches Whispertrades; it stays at your broker.
Optional monthly top-off: Set up an optional recurring payment sized to the bots you typically run, or top off manually whenever you like. You can change or cancel it at any time.
Stop anytime: Pause a bot and its charges stop. There is no contract, no minimum term, and nothing to cancel.

Trust & safety

Is Whispertrades legit and safe?

A fair question to ask before connecting a brokerage account, so here are the facts. Whispertrades is not a broker and never takes custody of your trading capital. You connect your existing Schwab, tastytrade, or Tradier account through the broker's official API, and you authorize that connection at the broker itself. The connection cannot transfer funds into or out of your brokerage account.

Every trade a bot places is visible in your brokerage account in real time, exactly like an order you entered yourself. You can disable bots, or disconnect Whispertrades entirely, whenever you choose. Account access is protected with two-factor authentication and TLS encryption.

March 2021
Trading live since: 7.8M+
Contracts traded: 99.99%
Uptime

Pricing questions, answered

: Bots start at $1.10 per bot per trading day, with volume discounts that lower the rate as you run more bots. Backtests cost $0.50 per position for the full 2016-to-present history, prorated down for shorter date ranges. Everything is pay-as-you-go from a prepaid balance, and there is no monthly fee.
: Unfortunately, we do not. However, our entry price is very, very low. You can start trading your strategy with 1 bot for just $1.10 per trading day, with no monthly subscriptions or long-term commitments. You can stop payment and stop trading immediately, at any time.
: No. We do not charge any extra fees or commissions based on the number or volume of trades. We charge only for running bots and backtest runs. Your broker's own commissions and fees still apply to trades in your account, just as they would for trades you place yourself.
: No. A recurring monthly payment is optional and exists only to save you from topping off your balance by hand. You can size it to the bots you typically run, change it, or cancel it at any time.
: No, Whispertrades is not a broker, and you do not deposit any funds with us. We don't actually trade or hold your securities for you. Your funds and your securities remain with your current broker. You will establish a connection from Whispertrades to that broker, and then we will send order requests to your current broker based on the automated trading strategies that you configure.
: No. The broker connection cannot transfer funds into or out of your brokerage account. It provides account visibility and trade execution only, and deposits or withdrawals can only be made by you, directly at your broker.
: Yes, but at a permanent discount: paper bots are always charged 50% of the standard tier rate. It is an inexpensive way to prove out a strategy with live market behavior before trading it with real money.

Start with one bot or one backtest

Fund a few dollars, test your strategy, and scale only when it earns it.

Get started Estimate your cost