VOL. XCIV, NO. 247

★ FINANCIAL TOOLS & SERVICES DIRECTORY ★

PRICE: 5 CENTS

Monday, October 13, 2025

Head-to-head

AmiBroker vs MarketXLS comparison

Compare pricing, supported platforms, categories, and standout capabilities to decide which tool fits your workflow.

Quick takeaways

AmiBroker adds Quant, Backtesting, Data Visualizations, APIs & SDKs, and Auto-Trading & Bots coverage that MarketXLS skips.

MarketXLS includes Sheets / Excel Add-ins, Broker Connectors, Options & Derivatives, Options, Options P&L, Portfolio, Watchlist, Financials, ETF Overview, ETF Holdings, ETF Fundamentals, Which ETF includes this Stock?, Interest Rates, Unemployment Rates, Inflation Rates, GDP, and Blogs categories that AmiBroker omits.

AmiBroker highlights: Portfolio‑level backtesting with dynamic position sizing and bar‑by‑bar ranking/PositionScore., Walk‑forward testing integrated with optimization; in/out‑of‑sample stats., and Monte Carlo simulation (custom metrics can drive optimization/WF objective)..

MarketXLS is known for: Excel add‑in works on Windows, Mac, and Excel Online; updates delivered automatically for Mac/Excel Online/Office 365 users., Built‑in real‑time streaming quotes (with exchange agreements) and default 15‑minute delayed market data; EOD history ~15+ years; intraday historical up to 1‑minute for ~1 year., and Options analytics: live option chains & Greeks, IV tools, order‑flow functions, strategy P&L templates; options symbology converter..

AmiBroker logo

AmiBroker

amibroker.com

Windows desktop platform for technical/system research with a fast AFL scripting language, portfolio‑level backtester, walk‑forward testing, Monte Carlo, and extensive optimization. Real‑time capability and instrument coverage depend on the data plug‑ins you use (e.g., IQFeed, eSignal, Interactive Brokers, Norgate Data). Auto‑trading to IB is available via the official interface. Licenses are perpetual with 24 months of updates.

Platforms

Desktop

Pricing

One-time

Quick highlights

  • Portfolio‑level backtesting with dynamic position sizing and bar‑by‑bar ranking/PositionScore.
  • Walk‑forward testing integrated with optimization; in/out‑of‑sample stats.
  • Monte Carlo simulation (custom metrics can drive optimization/WF objective).
  • Very fast multi‑threaded optimization with 3D optimization surface visualization.
  • Exploration/Scanner to build custom screeners and reports via AFL.

Community votes (overall)

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MarketXLS logo

MarketXLS

marketxls.com

Excel‑first market data & analytics add‑in with 1,000+ functions. Default data is 15‑min delayed (QuoteMedia); real‑time streams and intraday history available with data add‑ons. Web screener, ETF database/overlap tools, options chains & Greeks, and portfolio templates (incl. Efficient Frontier). Direct order‑ticket functions for Thinkorswim, Tradier, Orion, plus IBKR integration via TWS API. No public data API for redistribution; personal use license.

Platforms

Desktop
Web

Pricing

Subscription

Quick highlights

  • Excel add‑in works on Windows, Mac, and Excel Online; updates delivered automatically for Mac/Excel Online/Office 365 users.
  • Built‑in real‑time streaming quotes (with exchange agreements) and default 15‑minute delayed market data; EOD history ~15+ years; intraday historical up to 1‑minute for ~1 year.
  • Options analytics: live option chains & Greeks, IV tools, order‑flow functions, strategy P&L templates; options symbology converter.
  • Portfolio & research templates: Efficient Frontier, correlation/volatility/drawdowns, fundamentals and historical statements via hf_* functions.
  • Web screener with hundreds of metrics; stock ranks (Value/Quality/Technical); spreadsheet builder to generate ready‑made workbooks.

Community votes (overall)

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Overlap

Shared focus areas

4 overlaps

Mutual strengths include Screeners, Monte Carlo, and Risk Metrics (VaR/ES/Drawdown) plus 1 more area.

Where they differ

AmiBroker

Distinct strengths include:

  • Portfolio‑level backtesting with dynamic position sizing and bar‑by‑bar ranking/PositionScore.
  • Walk‑forward testing integrated with optimization; in/out‑of‑sample stats.
  • Monte Carlo simulation (custom metrics can drive optimization/WF objective).
  • Very fast multi‑threaded optimization with 3D optimization surface visualization.

MarketXLS

Distinct strengths include:

  • Excel add‑in works on Windows, Mac, and Excel Online; updates delivered automatically for Mac/Excel Online/Office 365 users.
  • Built‑in real‑time streaming quotes (with exchange agreements) and default 15‑minute delayed market data; EOD history ~15+ years; intraday historical up to 1‑minute for ~1 year.
  • Options analytics: live option chains & Greeks, IV tools, order‑flow functions, strategy P&L templates; options symbology converter.
  • Portfolio & research templates: Efficient Frontier, correlation/volatility/drawdowns, fundamentals and historical statements via hf_* functions.

Feature-by-feature breakdown

AttributeAmiBrokerMarketXLS
Categories

Which research workflows each platform targets

Shared: Screeners, Monte Carlo, Risk Metrics (VaR/ES/Drawdown), Correlation

Unique: Quant, Backtesting, Data Visualizations, APIs & SDKs, Auto-Trading & Bots

Shared: Screeners, Monte Carlo, Risk Metrics (VaR/ES/Drawdown), Correlation

Unique: Sheets / Excel Add-ins, Broker Connectors, Options & Derivatives, Options, Options P&L, Portfolio, Watchlist, Financials, ETF Overview, ETF Holdings, ETF Fundamentals, Which ETF includes this Stock?, Interest Rates, Unemployment Rates, Inflation Rates, GDP, Blogs

Asset types

Supported asset classes and universes

Stocks, ETFs, Mutual Funds, Futures, Currencies

Stocks, ETFs, Options, Mutual Funds, Currencies, Futures, Cryptos

Experience levels

Who each product is built for

Intermediate, Advanced

Beginner, Intermediate, Advanced

Platforms

Where you can access the product

Desktop

Desktop, Web

Pricing

High-level pricing models

One-time

Subscription

Key features

Core capabilities called out by each vendor

Unique

  • Portfolio‑level backtesting with dynamic position sizing and bar‑by‑bar ranking/PositionScore.
  • Walk‑forward testing integrated with optimization; in/out‑of‑sample stats.
  • Monte Carlo simulation (custom metrics can drive optimization/WF objective).
  • Very fast multi‑threaded optimization with 3D optimization surface visualization.
  • Exploration/Scanner to build custom screeners and reports via AFL.
  • Rich AFL scripting language for indicators, scans, backtests, and custom metrics; visual debugger.

Unique

  • Excel add‑in works on Windows, Mac, and Excel Online; updates delivered automatically for Mac/Excel Online/Office 365 users.
  • Built‑in real‑time streaming quotes (with exchange agreements) and default 15‑minute delayed market data; EOD history ~15+ years; intraday historical up to 1‑minute for ~1 year.
  • Options analytics: live option chains & Greeks, IV tools, order‑flow functions, strategy P&L templates; options symbology converter.
  • Portfolio & research templates: Efficient Frontier, correlation/volatility/drawdowns, fundamentals and historical statements via hf_* functions.
  • Web screener with hundreds of metrics; stock ranks (Value/Quality/Technical); spreadsheet builder to generate ready‑made workbooks.
  • Broker/trading connections: Thinkorswim, Tradier (single & multi‑leg), Orion (single‑leg), Interactive Brokers (via TWS API).
Tested

Verified by hands-on testing inside Find My Moat

Not yet

Not yet

Editor pick

Featured inside curated shortlists

Standard listing

Standard listing

Frequently Asked Questions

Which workflows do AmiBroker and MarketXLS both support?

Both platforms cover Screeners, Monte Carlo, Risk Metrics (VaR/ES/Drawdown), and Correlation workflows, so you can research those use cases in either tool before digging into the feature differences below.

Do AmiBroker and MarketXLS require subscriptions?

Neither platform maintains a free tier. Budget for a subscription to unlock the research coverage highlighted in this comparison.

How can you access AmiBroker and MarketXLS?

Both AmiBroker and MarketXLS prioritize web or desktop access. Investors wanting a mobile-first workflow may need to rely on responsive web views.

What unique strengths set the two platforms apart?

AmiBroker differentiates itself with Portfolio‑level backtesting with dynamic position sizing and bar‑by‑bar ranking/PositionScore., Walk‑forward testing integrated with optimization; in/out‑of‑sample stats., and Monte Carlo simulation (custom metrics can drive optimization/WF objective)., whereas MarketXLS stands out for Excel add‑in works on Windows, Mac, and Excel Online; updates delivered automatically for Mac/Excel Online/Office 365 users., Built‑in real‑time streaming quotes (with exchange agreements) and default 15‑minute delayed market data; EOD history ~15+ years; intraday historical up to 1‑minute for ~1 year., and Options analytics: live option chains & Greeks, IV tools, order‑flow functions, strategy P&L templates; options symbology converter..

Curation & Accuracy

This directory blends AI‑assisted discovery with human curation. Entries are reviewed, edited, and organized with the goal of expanding coverage and sharpening quality over time. Your feedback helps steer improvements (because no single human can capture everything all at once).

Details change. Pricing, features, and availability may be incomplete or out of date. Treat listings as a starting point and verify on the provider’s site before making decisions. If you spot an error or a gap, send a quick note and I’ll adjust.