Comparison

AlgoIndex vs OptionsKing

Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.

Head to head
About

AlgoIndex

This app provides market analytics and trade signals for options traders focused on S&P 500 and Nasdaq 100 futures. It offers tools for both manual and automated trading, including daily algorithmic signals and an AI trading journal. Users can choose subscription plans to unlock advanced features and integrate with their own brokers.

Highlights
  • Market analytics for options traders
  • Automated trade signals (S&P 500 & Nasdaq 100)
  • Real-time chart indicators
  • API integration for automated trading
  • AI trading journal with trade grading
  • Subscription plans with varying features
Features
Read full description

OVERVIEW For manual (hands-on) or automated (hands-off) trading: S&P500 & Nasdaq focused algo strategies, market analytics & signals for options traders; tools for manual & automated algorithmic trading in one place. With an S&P 500 & Nasdaq 100 focus, daily algorithmic signals are delivered as specific option contracts (on SPY and QQQ), drawn on live charts in real time. Our most comprehensive plan, AlgoBundle, offers the most features across both indexes. Prefer to automate your trading? Our pre-configured strategy logic can route algorithmic triggers through a secure API to your own broker - your money always stays in your own brokerage account - only subscription fees are transacted on the app; no trades are placed inside the app, and you stay in control at every step. Every plan also includes a free AI trading journal that grades each trade, with no card required. Pick the plan that fits your goals, trading style, and budget. AlgoIndex provides analytics and tools, not financial advice. Trading carries risk, requiring your own judgment and decisions. SUBSCRIPTIONS Optional monthly plans unlock the automated strategy signals (algorithmic trading), the market briefings, AlgoLiveDesk and the member community. These are auto-renewable subscriptions billed monthly to your Apple Account. Payment is charged at confirmation of purchase, and the subscription renews automatically for the same monthly period at the current price unless auto-renew is turned off at least 24 hours before the end of the current period. You can manage or cancel anytime in your App Store subscription settings. WHAT ALGOINDEX IS NOT AlgoIndex does not place trades for you inside the app; algo trading signals are sent via an API to your own brokerage account. Therefore, the platform does not hold your money and it never sees your brokerage login or other broker information. Only subscription fees are transacted on the app. AlgoIndex does not give personalized investment advice, and it does not know your financial situation. Signals are informational and educational. What you do with them and/or your settings are your decisions alone. RISK DISCLOSURE Past performance does not guarantee future results. Backtested figures are hypothetical, were produced with the benefit of hindsight, and do not represent actual trading. Live figures may reflect a short sample of trading that is not representative over time. Trading futures and/or options involves substantial risk of loss, including the loss of the entire amount risked, sometimes within a single trading day. Nothing in this app is investment advice or a recommendation to buy or sell any security. Trade only with capital you can afford to lose entirely. Terms of Use (EULA): https://algoindex.com/terms-of-service Privacy Policy: https://algoindex.com/privacy-policy

About

OptionsKing

This app helps you analyze and practice options trading strategies like covered calls and cash-secured puts. It provides a scoring system for trades, a built-in glossary, and paper trading functionality to learn before risking real money.

Highlights
  • Scans for premium-selling trades
  • Built-in glossary for trading terms
  • Shows trade math and probabilities
  • Paper trading with virtual balance
  • Logs and tracks actual collected income
  • Collateral checks for trade validity
  • App lock for privacy
Features
Read full description

Learn options trading, then practice with virtual money. OptionsKing combines short lessons, quizzes and an options paper trading simulator with a trade checker for covered calls, cash-secured puts and credit spreads. LEARN OPTIONS STEP BY STEP Start with your first options contract and work through 107 lessons in 11 series. Study calls and puts, strike prices, expiration, assignment, premium, collateral and the Greeks. Worked examples explain the arithmetic. Each lesson ends with five questions, and missed questions return for review. Follow a learning path, continue where you left off and track completed lessons in Progress. Bundled lessons remain readable without an internet connection. PAPER TRADE WHAT YOU LEARN Practice with virtual cash. Explore a strategy, record what you expect to happen and follow the paper position through its outcome. Review the result and use the replay to explore a different stock price. Lesson practice missions connect the explanation to a paper trade. Paper trading is simulated practice. No real money is deposited or traded. Simulated outcomes do not predict live fills or investment results. CHECK A TRADE BEFORE YOU PLACE IT Type the stock price, strike and premium your broker shows for a covered call, a cash-secured put, or a put or call credit spread. Compare up to three strikes at once. Each check gets a deterministic confidence score from 0 to 100, based only on the numbers you enter, and plain answers: what you'd keep, what the strike means, what assignment costs and what could go wrong if the stock moves against you. Enter an earnings date before expiration and the trade is ruled out. Tap unfamiliar terms for an explanation. There is no minimum score: a weak trade still gets a number. A confidence score is not a probability of profit or a promise that a trade will succeed. RUN THE NUMBERS The Calculators tab works out a covered call, a cash-secured put, the wheel, a roll, break-even, annualized return or position size, with a profit and loss chart. FOLLOW YOUR PRACTICE Progress brings together lessons completed, reviews due and paper trades practiced. Sign in to sync your saved progress and settings across devices. An optional daily reminder keeps your lessons going. AVAILABLE ON IPHONE AND IPAD OptionsKing is free to use. The current trading mode is Paper. It does not connect to a brokerage account or place, modify or cancel real orders. It shows no market quotes: you bring the prices from your broker, and checking a trade needs an internet connection. OptionsKing is an educational and informational tool, not a financial adviser or broker. Options trading carries substantial risk of loss, including assignment and losses larger than the premium received. It is not suitable for every investor. Confirm prices and contract terms with your broker before making a real trade. Explore the app and walkthrough: https://optionsking.app/how-it-works.html Learn about paper practice: https://optionsking.app/options-paper-trading.html

Screenshots

AlgoIndex4 screens
OptionsKing4 screens

Verdict

The call

The clearest difference is in-app purchases: OptionsKing at none against AlgoIndex's 4. OptionsKing also leads on rating (5.0 vs 4.8) and update cadence (every 2 days vs every 5 days). On price, review sentiment, ratings volume and ads there is nothing between them.

Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS

CostPrice · In-app purchases · Ads · Monetization

Both are free to download. AlgoIndex sells 4 in-app purchases, starting at $89.00 per month. OptionsKing asks for nothing beyond the download.

ReceptionRating · Positive reviews · Number of ratings

OptionsKing holds the better App Store score, 5.0 against 4.8. Both are backed by a comparable volume of ratings — 5 and 3 respectively. Written reviews split almost evenly too, at 100% and 100% positive.

UpkeepUpdate frequency

AlgoIndex ships an update every 5 days, OptionsKing every 2 days. The most recent releases landed on November 5, 2026 and October 31, 2026 respectively.

Scorecard4 real differences · 6 level
AlgoIndex versus OptionsKing: the parameters behind the verdict, then further details
ParameterAlgoIndexOptionsKing
PriceFreeFree
Rating4.8 (5 ratings)5.0 (3 ratings) — better
Positive reviews100.0% of reviews100.0% of reviews
Number of ratings5 — better3
Update frequencyEvery 5 daysEvery 2 days — better
AdsNoNo
In-app purchasesYesNo — better
MonetizationSubscriptionFree — better
DevicesiPhone, iPadiPhone, iPad
Requires iOS17.016.0 — better
Further details — not scored
Size7 MB4 MB
Age rating4+12+
DeveloperAlgoIndexUtkarsh Jagtap

Customer experience

AlgoIndex

All ratings5 ratings
Positive100.0%
Neutral0.0%
Negative0.0%
Written reviews1 reviews
Positive100.0%
Neutral0.0%
Negative0.0%

OptionsKing

All ratings2 ratings
Positive100.0%
Neutral0.0%
Negative0.0%
Written reviews2 reviews
Positive100.0%
Neutral0.0%
Negative0.0%

In-app purchases

4 purchases

AlgoIndex

Subscriptions4
  • DiscordPro1 Month trial$89.001 Month
  • AITrader Standalone1 Month trial$189.001 Month
  • ES-SPY Standalone1 Month trial$189.001 Month
Show 1 more
  • AlgoBundle1 Month trial$349.001 Month
None

OptionsKing

No in-app purchases

Questions

Is AlgoIndex free?
AlgoIndex is free to download, with in-app purchases available.
Is OptionsKing free?
OptionsKing is free to download, with no in-app purchases.
Which has better reviews, AlgoIndex or OptionsKing?
OptionsKing is rated higher. AlgoIndex averages 4.8 out of 5 from 5 ratings, while OptionsKing averages 5.0 from 3 ratings.
Do AlgoIndex or OptionsKing have ads?
Neither AlgoIndex nor OptionsKing shows ads.
Which is updated more often, AlgoIndex or OptionsKing?
AlgoIndex ships an update every 5 days, and OptionsKing every 2 days. Most recently, AlgoIndex was updated on November 5, 2026 and OptionsKing on October 31, 2026.

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