ORATS Review

ORATS pricing in short: Trading Tools cost $99 a month for an individual or $199 per user a month for a professional license. There’s no free trial, but you can cancel within 24 hours of signing up for a refund. The Data API is a separate subscription that starts at $199 a month. Prices are from orats.com/trading-tools, captured 2026-09-09 and checked again 2026-10-04. Dedicated plan table: ORATS pricing.

Verdict

ORATS (Option Research and Technology Services) is browser software for options research, backtesting, and scanning, with optional broker order-send. Official pages at orats.com, orats.com/trading-tools, orats.com/otto, and orats.com/intraday-backtester describe an all-in-one Trading Tools seat: real-time data, Intraday Backtester, Otto AI agent, Strategy Optimizer, Trade Ideas, Option Scanner, Options Backtester, Stock Scanner, Trading, Ticker Analysis, Trade Builder, and connect to Interactive Brokers, TradeStation, and Tradier. ORATS is not a broker, not a live unusual-options flow tape product, and not a source of investment advice.

Authoritative Trading Tools dollars (trading-tools, also Otto + Intraday Backtester FAQs, captured 2026-09-09):

Plan	Monthly
Individual	$99 a month
Professional	$199 per user a month

Same platform tools on both seats. Professional is billed per user. Does not include Data API. Separate checkout URL beyond trading-tools was not captured: offers point there.

24-hour refund (Otto / Intraday FAQ). Cancel within 24 hours of signup → automatic full refund. We did not invent a multi-day free trial, a $0 full-seat week, or annual Trading Tools list prices.

Separate catalogs (do not conflate). Data API and historical file products (near-eod-data, one-minute-data) are priced and sold separately from Trading Tools. See the Data API & historical section below.

This is a directory listing of analysis / research software, not a brokerage comparison, not a signal service, and not financial advice. Backtests are reports on the past, not forecasts. Scanners, Otto outputs, and Trade Ideas are research inputs, not trades to copy. Do not treat this page as a how-to for placing trades.

We are not saying ORATS is the best options backtester, the best scanner, or the best purchase. We do not invent star ratings. We are not saying it will make a strategy profitable.

Best for

• Options research / backtesting / scanning as a daily software seat. Official Trading Tools surfaces center the Options Backtester (including Intraday / 0DTE mode on 1-minute data), Option and Stock scanners, Strategy Optimizer, Trade Ideas, Trade Builder, Ticker Analysis, and Otto AI: from $99 a month Individual.
• Traders who want optional order-send from the platform. Vendor claims connect to Interactive Brokers, TradeStation, and Tradier, plus paper trading accounts for testing. Confirm fills and permissions with your broker.
• Professional seats when you need per-user billing at $199 per user a month for the same tool set.
• A short cancel window instead of a free trial week. Otto / Intraday FAQ: cancel within 24 hours of signup for an automatic full refund.
• Builders who later need programmatic data: knowing up front that Data API is a separate catalog (from $199 a month Delayed on data-api capture) and is not inside Trading Tools.

That is a fit for traders who want research / backtest / scan software (with optional order-send) as an input. It is not a claim that any plan improves results. Scanners here are general research filters. For a dedicated workflow, see screening iron condors.

Skip if

• You assumed Trading Tools includes the Data API. It does not. Official trading-tools copy: Trading Tools does not include access to the ORATS Data API.
• You want ORATS to be the broker. It is not. Named connects are optional order-send partners, not custody or a Canadian-broker comparison.
• You want a live unusual-options-flow tape as the primary job. Tape-first peers include Unusual Whales, Cheddar Flow, and FlowAlgo. This page does not rank them.
• Your primary job is dealer-positioning / GEX levels or a payoff visualizer. Levels neighbor: SpotGamma. Plan table: SpotGamma pricing. Visualizer neighbor: OptionStrat. A formula calculator is a different job: OptionVue’s free Black-Scholes calculator. Different jobs, not a ranking.
• You need verified Canadian-listed options coverage or a named Canadian broker integration. Both remain unverified: see Canada note.
• You assumed a free full-seat week or invented annual Trading Tools stickers. Published on-ramp we cite is the 24-hour automatic full-refund window on Otto / Intraday FAQ copy, not a multi-day $0 trial.

What you get at each price

Source of truth for Trading Tools dollars: orats.com/trading-tools (also Otto and Intraday Backtester FAQ pricing blocks): captured 2026-09-09.

Plan	Monthly	Pricing URL
Trading Tools Individual	$99 a month	trading-tools
Trading Tools Professional	$199 per user a month	trading-tools

Also on official Trading Tools / Otto / Intraday pages (feature claims, not dollar claims beyond the table):

• Included on both seats (vendor list). Real-time data; Intraday Backtester; Otto AI Agent; Strategy Optimizer; Trade Ideas; Option Scanner; Options Backtester; Stock Scanner; Trading; Ticker Analysis; Trade Builder; connect to Interactive Brokers, TradeStation, and Tradier; 2,000 backtests a month.
• Does not include Data API. Programmatic access is sold on data-api.
• Backtester story (vendor). Browse precomputed backtests or run custom tests; historical data claimed back to 2007 for 5,000+ stocks; Intraday mode for 0DTE-style tests on 1-minute data (vendor: back to October 2020 on Intraday Backtester pages). Each backtest: returns graph, performance metrics, monthly returns table, trade log.
• Otto (vendor). AI agent inside the dashboard (Anthropic Claude per Otto page); runs platform tools / paper trades; does not send live orders: live sends stay with you. Not financial advice per Otto FAQ. For a wider map, see AI assistants for trading research.
• Refund window. Cancel within 24 hours of signup → automatic full refund (Otto / Intraday FAQ). Longer cancel / refund rules on terms-conditions may differ after that window: confirm before you pay.
• No annual Trading Tools list prices published on the pages we used for this capture. Do not invent yearly stickers.

Prices change. Confirm the total before you pay. This directory does not sell ORATS and has no affiliate URL. The CTA on this page goes to the official homepage: orats.com. We may earn a commission later if a tracked link is added; none is wired today.

Data API & historical (separate catalogs)

Do not mix these dollars into the Trading Tools offers above. Primary review seat remains Trading Tools.

Data API (orats.com/data-api, captured 2026-09-09)

Plan	Monthly	Vendor notes
Delayed Data API	$199 a month	20k requests
Live Data API	$299 a month	100k requests; live agreements after signup
Live Intraday API	$599 a month	1M requests
All-In API	$899 a month	Bundles Live Intraday + Tools APIs; vendor claims $1,395 a month bought separately

All-In vendor copy names Tools API surfaces bundled in: Option Scanner API, Backtest Finder API, Intraday Backtester API, Time & Sales API. Standalone Tools API add-on dollars cited with the All-In / data-api catalog (Chief capture): scanner $99, backtest finder $99, intraday backtester API $299, time & sales $299: mention only in this API section; they are not Trading Tools seats.

Institution / redistribution / shared-colleague use: custom quote (data-api). Prefer data-api for the main API table. If you later read orats.com/ai-agents, treat any agent-token ladder there as a separate surface, not a replacement for the data-api table above.

Historical file data (separate)

Product	Recurring	One-time historical	Source
Near EOD	$99 a month	$599	near-eod-data
1-min intraday	$199 a month	$1,500 (+ possible S3 $1k to $2k)	one-minute-data

Near EOD: snapshot ~14 minutes before close; 5,000+ symbols; history claimed from 2007; recurring via FTP; one-time historical via AWS S3 (vendor: ~14-day download window). One-minute: history claimed from Aug 2020; vendor notes ~50TB and separate S3 storage/transfer costs.

How it works

1. Research / scan. Use Option Scanner, Stock Scanner, Trade Ideas, and Ticker Analysis on real-time data (Trading Tools seat).
2. Backtest. Run end-of-day or Intraday (0DTE-style) backtests; browse precomputed libraries; review metrics and trade logs. Cap: 2,000 backtests a month on the published Trading Tools include list.
3. Build / optional send. Trade Builder and Trading surfaces; connect IB / TradeStation / Tradier to send orders, or use paper trading. Otto can stage paper trades and tickets: live sends stay with you.
4. Optional data products. Buy Data API and/or historical files separately if you need programmatic or bulk file access, not included in Trading Tools.

Pros and cons

Sourced from official trading-tools / Otto / Intraday / data-api / historical pages named under Verified features. We do not invent affiliate programs or annual Trading Tools stickers.

Pros

• Clear Trading Tools retail ladder: Individual $99 a month, Professional $199 per user a month, with the same named platform tool set.
• Product job is explicit: research / backtesting / scanning software with optional broker order-send, not sold here as a flow tape.
• Otto and Intraday Backtester are included in Trading Tools (vendor), with a published 24-hour automatic full-refund window on those FAQs.
• Data API and historical file catalogs are published separately with concrete dollars: easy to budget without conflating seats.
• Named broker connects (IB, TradeStation, Tradier) and paper trading are documented on Trading Tools pages.

Cons

• Not a broker; Canadian-listed coverage and named Canadian-broker integrations unverified.
• Trading Tools does not include Data API: easy to assume wrongly.
• No multi-day free trial published on the pages we used; refund window is 24 hours.
• No annual Trading Tools list prices on the capture sources: confirm any yearly deal in-account if offered later.
• No FTT affiliate URL yet: CTAs go to the official homepage.

For a Keep / Gain / Lose job-fit map of neighboring options research / backtest / scan listings (not a ranking), see ORATS alternatives.

Vs SpotGamma, Unusual Whales, Cheddar Flow, FlowAlgo, and OptionStrat

This is not a ranking. These are neighboring listings for related options jobs. We do not invent star ratings. We do not claim ORATS is better.

	ORATS	SpotGamma	Unusual Whales / Cheddar Flow / FlowAlgo	OptionStrat
Status on this directory	Live review	Live review	Live reviews	Live review
Job	Options research / backtesting / scanning (+ optional order-send)	Dealer-positioning / GEX levels research	Live unusual-options-flow tape (primary story)	Strategy visualizer / builder
What official pages describe	Trading Tools suite, Otto, Intraday Backtester, scanners, Trade Builder; separate Data API / historical files	Founder’s Note, Key Levels, Equity Hub, Compass; Alpha extras	Live US options-flow tape and related surfaces (each product’s own stack)	Strategy builder / optimizer; Live Tools / Live Flow on higher seats
Price captured here	Trading Tools Individual $99 a month / Professional $199 per user a month (2026-09-09); Data API separate from $199 a month	Essential $99 a month and Alpha $299 a month. Pro at $129 is unconfirmed.	See each live review for tape seats	See OptionStrat live review
Canada	Canadian-listed coverage unverified	Canadian-listed coverage unverified	Canadian-listed coverage unverified	Canadian-listed coverage unverified

ORATS is research / backtest / scan software first. SpotGamma is levels / dealer-positioning first. Unusual Whales, Cheddar Flow, and FlowAlgo are live unusual-options tape products first. OptionStrat is a visualizer / builder first. None of those rows is a recommendation to switch, and none is a claim that ORATS wins the job.

Verified features

Sourced from live orats.com/trading-tools, orats.com/otto, orats.com/intraday-backtester, orats.com/data-api, orats.com/near-eod-data, and orats.com/one-minute-data (2026-09-09). We do not list features we could not attribute to an official page.

Trading Tools pricing (authoritative for this review)

• Individual $99 a month; Professional $199 per user a month.
• Includes list as on trading-tools (real-time data, Intraday Backtester, Otto, Strategy Optimizer, Trade Ideas, scanners, backtester, Trading, Ticker Analysis, Trade Builder, IB / TradeStation / Tradier connect, 2,000 backtests a month).
• Does not include Data API.
• Cancel within 24 hours of signup → automatic full refund (Otto / Intraday FAQ).

Data API / historical (separate: documented, not conflated into offers)

• Delayed $199 a month (20k); Live $299 a month (100k); Live Intraday $599 a month (1M); All-In $899 a month (vendor separate $1,395).
• Near EOD recurring $99 a month; one-time $599.
• 1-min recurring $199 a month; one-time $1,500 (+ possible S3 $1k to $2k).

Still UNVERIFIED (kept visible)

1. Annual Trading Tools list prices (not on capture sources: do not invent).
2. Exact Individual vs Professional feature delta beyond per-user billing (same tools claimed).
3. Canadian-listed options / TSX / MX / CDR coverage.
4. Named Canadian-broker integrations: none found.
5. Full Stripe / checkout line-item totals beyond published marketing dollars on trading-tools.
6. Whether every marketing module ships identically on every seat at signup: confirm in-account.
7. Native mobile app parity beyond browser access.
8. Any ai-agents token ladder that disagrees with data-api: treat as a separate surface if cited.

Canada note

This directory is written with readers in Canada as well as the United States.

Canadian-listed coverage unverified. Official Trading Tools and Data API pages we reviewed emphasize US equity options (stocks, ETFs, indexes) and OPRA-style US options data stories. We did not find an official statement that Canadian-listed options (TSX equities, Montréal Exchange options, CDRs, and similar) are supported. Canadian-listed coverage is unverified.

Canadian broker compatibility. Official Trading Tools pages name Interactive Brokers, TradeStation, and Tradier for order-send, not as a Canadian-broker matrix. We found no official ORATS page that lists Canadian brokers, Questrade, Wealthsimple, TD Direct Investing, or Interactive Brokers Canada as integrated execution partners. Named Canadian-broker integrations are unverified. Many people use research software in one tab and a broker in another: that is two separate products, not a verified Canadian integration.

Currency (CAD vs USD), registered-account constraints (TFSA, RRSP), and Canadian tax treatment of options are outside this review.

Price cues from the alternatives page

These notes moved off the alternatives page. Prices are the figures already published there, not new quotes.

• Free (15-min delay); Live Tools $39.99 a month; Live Flow $99.99 a month.
• Visualizer $10 a month; Pro $30 a month; All Access $50 a month (annual $100 / $300 / $500).
• Monthly $100; Annual $750.
• Pro $99 a month billed yearly; Pro $149 a month billed monthly.
• Lite $24.99 a month billed yearly → Premium $249.99 a month billed yearly; monthly $29.99 to $299.99; free trial 14 days on Premium, 7 days on Lite, Essential and Plus.
• 14-day free trial; Beginner $35 a month billed yearly; Advanced $50 a month billed yearly.
• Free (options flow 2 trading days late); Retail Basic $50 a month; Retail Pro $75 a month; Retail Max $120 a month; annual $504 / $756 / $1,224.

Sources

• orats.com/trading-tools: Trading Tools Individual $99 a month / Professional $199 per user a month; include list; no Data API
• orats.com/otto / orats.com/intraday-backtester: same seat dollars; 24-hour automatic full refund
• orats.com/data-api: Delayed $199 / Live $299 / Live Intraday $599 / All-In $899
• orats.com/near-eod-data: recurring $99 a month; one-time $599
• orats.com/one-minute-data: recurring $199 a month; one-time $1,500 (+ S3 $1k to $2k note)

Confirm pricing on the official site. There is no affiliate link on this page yet. This button goes to the official homepage: orats.com.