Composer

Composer is an automated trading platform and investment app that lets people build and run trading strategies with AI. It's designed so people can build a strategy without having to write any code, then test it with historical data before actually placing trades.

Composer uses AI to build a strategy based on a person's goals, risk tolerance and investment style. People can describe their needs in natural language, and the AI-powered editor will build the strategy. That includes automating trades and rebalancing so the strategy runs the same way every time.

The company offers prebuilt strategies in several categories, including long-term growth, technology-heavy, diversified and momentum. People can customize and combine them to suit their needs. And they can build their own with conditional logic and asset weighting.

Composer can link to retirement accounts, including Traditional and Roth IRAs, and can handle rollovers from existing 401(k) or 403(b) accounts. The company offers a 1% transfer bonus and pays fees to transfer accounts away from other brokerages.

Composer's pricing is simple: a $24 per month subscription (or $288 per year) gets you unlimited automated trading, real-time portfolio monitoring and premium customer support. A basic plan is free, letting you backtest and build strategies but not actually place trades.

Composer promises to make trading easier and faster, but remember that investing comes with risks, and your portfolio's value can go up and down. People should assess their investment goals and risk tolerance carefully before using the service.

For more details, check the Composer website for details on features, pricing and retirement account options.

Published on June 14, 2024