Spider Software Review (Data-Backed) 2026: Features, Pros vs Cons, Pricing, Reviews, Is It Worth It?

This Spider Software review has been prepared to help you know what the software offers and what it lacks so that you can make better and wiser trading decisions. In this Spider Software review, you will come across the features of the platform in detail, along with exploring the benefits and challenges that one gets exposed to. It also discusses the pricing structure and the learning curve.

This Spider Software review is entirely based on my own experience as a user. Being a swing trader, having an ideal technical analysis tool for real-time updates is mandatory for me, and that’s what made me give this platform a try. I have used each and every product or feature that the company offers to ensure I do not mislead readers and come up with a relevant view on every aspect of it.

What is Spider Software?

Spider Software is a company that develops different software products to make trading easier for its users. The products are designed to ensure that self-directed traders have sufficient data to back their research and their trading decisions, likewise. The real-time and end-of-day (EOD) segments of the software products fulfill the requirements of the respective users.

There are almost 15 lakhs daily traders in India, whose trading needs Spider Software is trying to fulfill. Collaborating with the platform brings you a lot of learning opportunities if you have just started your trading journey.

The charting tools that it offers via its multiple products enable traders analyze the market effectively. The customisation option here gives them an opportunity to personalize the views on the screen for easy readability and interpretability.

Spider Software also shares the live news, events, and updated with its users, which lets them be aware of what is going on in the market. Such information also has a significant impact on the price movement, and hence it influences the decision-making of traders to a great extent. 

With 150+ pre-built indicators, the platform allows traders to conduct advanced technical analysis, thereby helping traders to assess the market from all perspectives to make sure the decisions they make maximize their profit figures. It supports algo trading and automatic signals that guide users in the best way possible.

The technical scanning feature that Spider Software offers has been impressive to me, as it helped make scientific predictions on the stock price movement based on macroeconomic trends and market trends, thereby giving me a clue on where the market is supposed to move next. 

What makes most users rethink their decision of choosing Spider Software is its pricing, which is way higher than its alternatives, and its customer support, which appears inefficient most of the time. 

Verdict

Overall Verdict – 4.3/5

When I started using Spider Software, I came across a wide range of products falling under two broad categories – real-time software and EOD software. Though there were multiple products available in each category, it was not possible to buy and use all of them because of my affordability constraints. So, I selected its most recent and most talked-about Spider IRIS+ from the former category and Spider ACE PRO from the EOD segment. 

I found Spider IRIS+ quite effective in tracking cash, futures and options opportunities in the market. The charting features that the product offers match the best of the best charting tools available out there. I agree it’s quite expensive, but worth paying for as it is an all-inclusive platform that provides everything that a trader needs in one place.

Features like event selector, tick query, market query, and auto trendlines make this product a powerful advanced analysis tool, deriving real-time data and updates for the self-directed traders. This product helped simplify my journey as a swing trader to a great extent.

Now let’s talk about our second product, Spider ACE PRO. It was way less expensive than IRIS+, but there was no compromise noticed in terms of the quality of the features it offered. My trading journey as a swing trader got a boost from this product as it offered good backtesting features, along with other common technical analysis features. Generating a bhav report with having customizable candlestick pattern, this product allows traders to use it the way it suits them. 

After using these two products, I can say that the other products under the two broad segments – real-time and EOD – will also possibly work in favor of the Indian traders, they are specifically designed for.

Having said that, the pricing is too high, restricting many from purchasing these products and preferring other inexpensive alternatives to them.

Key Features

There are eight key features that the software products from Spider Software have in common.

• Auto trendline: The software automatically draws trendlines on price charts, helping traders quickly identify support and resistance and overall price direction.
• Gann Square of 9: The tool offers advanced charting tools, including Gann Square of 9, aiding users to apply time-price cycles for technical analysis.
• Group analysis: Users can group stocks by volume, price range, volatility, or sector, and analyse the group to spot outperformers or laggards quickly
• Derivatives summary report: The software provides a consolidated derivatives summary report summarizing futures and options market activity for informed decision-making.
• Candlestick scanner: It includes a candlestick pattern scanner that automatically detects popular chart patterns to help traders identify entry/exit opportunities.
• Futures premium report: The software generates a futures premium report, highlighting the premium or discount in futures, which is useful for assessing market sentiment.
• Delivery volume report: Users get a delivery-volume report showing share delivery statistics, helping gauge actual investment activity versus speculative trades.
• Price-based chart types: The software offers multiple price-based chart types, like candlestick, bar, line, etc., giving traders flexibility in visualizing price data.

By now, you might have got an idea about what you should expect to get from these products. If not, read on to know the benefits too.

Spider Software Advantages

There are nine advantages of Spider Software that you must know about before you raise concerns over its effectiveness.

• Spider Software is a long-established and trusted trading technology provider with a large base of satisfied users.
• It is a licensed and recognized data vendor for Indian exchanges, ensuring accurate and reliable market data.
• The platform offers both real-time tick-by-tick data and end-of-day solutions suitable for all types of traders.
• A wide product suite, including IRIS, IRIS+, ACE, and CTCL, caters to diverse trading requirements.
• Each platform provides powerful technical analysis tools, including 150+ indicators, auto trendlines, and multiple chart types.
• Traders can back-test strategies and refine their trading systems using built-in testing capabilities.
• Advanced scanners and reports, such as derivatives summaries, delivery analysis, and futures premium insights, support better decision-making.
• The software uses an internet-based client-server architecture for stable performance and fast data delivery.
• Users benefit from regular training sessions, workshops, and educational content that improve market understanding.

Along with advantages, the platform also comes with a few disadvantages related to its products.

Spider Software Disadvantages

There are four disadvantages of Spider Software that include everything from having a high price to a steep learning curve.

• The product suite is explicitly built for Indian markets, so traders who need multi-country or non-Indian exchange coverage may find it limiting.
• Algo-trading and advanced features can add cost and complexity, since the company’s own content notes that algorithmic trading may be more expensive and less flexible.
• The rich feature set, 150+ indicators, back-testing, and scanners imply a learning curve for which users will likely need time, training or workshops to use the platform effectively.
• The site emphasises a client–server, internet-based model and downloadable products, but does not clearly present detailed system requirements or supported OS/platforms up front.

Though the challenges are there, they could be taken care of easily if we focus on what it has to offer rather than what it can’t.

Overall Summary

Overall Rating: 4.3/5

Spider Software offers a comprehensive suite of real-time and end-of-day (EOD) technical analysis tools for Indian traders. Its products, including Spider IRIS+, Spider IRIS, Spider ACE PRO, and Spider CTCL, provide advanced charting, multiple indicators, market scanners, and back-testing capabilities. While the software is feature-rich and trusted for accurate data, its high price and steep learning curve can be challenging for beginners or casual traders.

Feature	Rating (out of 5)	Notes
Advanced Charting & Technical Analysis	5	High-quality chart rendering with 150+ indicators and pattern scanners.
Real-time & EOD Market Data	4.5	Accurate tick-by-tick data for real-time products; EOD data for swing/positional traders.
Custom Strategy Building & Back-testing	4.5	Allows testing strategies on historical data; useful for systematic trading.
Auto Trendlines & Technical Tools	4.5	Auto trendline, Gann Square of 9, and other advanced tools included.
Market Tracking & Alerts	4	Automatic tracking of market movements, opportunity detection for traders.
Portfolio & Reporting Tools	4	Bhav Copy, delivery/volume reports, derivatives summary, pivot calculators.
User Interface & Learning Curve	3.8	Clean and customizable UI; learning curve steep for beginners.
Customer Support	3	Often unresponsive or inefficient, as reported by multiple users.
Pricing & Value	3.5	Expensive compared to alternatives; worth it only for serious traders.
Overall Usability	4.2	Powerful, all-in-one desktop platform; suitable for swing, positional, and professional traders.

Spider Software Pricing Structure

Spider Software offers a range of real-time and end-of-day technical analysis software options, with pricing varying depending on the product and the data features one chooses. As each product targets different types of traders, from casual to advanced, cash to derivatives, real-time to EOD, the pricing varies accordingly.

Plan (Product)	Price (₹ + GST)	What’s Included / Key Features
Spider ACE (EOD)	₹17,000	End-of-Day technical-analysis software with advanced charting and comprehensive analysis tools.
Spider ACE PRO (EOD)	₹19,000	Enhanced EOD platform with more features to track the market and explore trading opportunities.
Spider IRIS EOD (EOD)	₹26,000	End-of-Day software covering cash & F&O scrips, with post-market NSE data, F&O intraday history, charting & analysis capabilities.
Spider CTCL (Real-time)	₹34,000	Real-time equity market software via broker-feed with live data plus full charting and technical analysis tools.
Spider IRIS (Real-time)	₹65,000	Real-time NSE data software for equity markets, offering advanced charting and technical analysis.
Spider IRIS+ (Real-time)	₹75,000	Premium real-time platform covering cash + F&O scrips with live data, full charting, analytics, and advanced features.

Who is Spider Software for?

Spider Software products are for individual traders or day traders, individual investors, analysts, financial institutions, and social media influencers.

• Traders/investors: Through advanced charting tools and indicators, along with backtesting features, Spider Software products guide traders towards identifying opportunities with maximum profits. In addition, the live news and updates on companies, along with the annual reports access, allow investors to know better about the companies, the stocks of which they are considering to invest in.
• Analysts: Market analysts can rely on Spider’s deep technical-analysis tools, pattern scanners, and back-testing capabilities to generate accurate market insights. The software supports detailed research, trend forecasting, and data-driven report creation. Using these, they can recommend potential stocks and investments to their clients.
• Financial institutions: Banks, brokerage firms, and trading desks can use Spider Software to monitor markets, evaluate instruments, and support clients with reliable market analytics. Its exchange-certified data and robust architecture ensure stability and compliance for institutional use.
• Social media influencers: Market educators and finance influencers can use Spider’s visual charts, pattern scanners, and technical tools to create high-quality market content. Plus, they can also connect with the company to promote the latter’s products and generate more leads for them.

If you are a beginner or a casual trader with a budget constraint, it is recommended not to buy these products, as they require knowledge and are expensive.

Spider Software Customer Support Concerns

The customer support is yet another concern for Spider Software users. I have personally observed the support team, and I can say you cannot rely on them for assistance. 

• Unresponsive: In my case, the customer support executive never responded. I had a query about how a particular feature in the IRIS+ would work, as it was not responding to what I wanted. I tried to connect with them, but I received no response from them on this.
• Inefficient: According to some users, the support team lacks knowledge about the products, and they are of no help most of the time.

One of the users, Deepti, wrote on Quora:

“Support …. also don’t have a clue how to solve the problem, or they won’t reply once you get their subscription. ”

There is hardly anyone, including my trader and investor friends, who talks positive about the customer support team of Spider Software. If you want to check for yourself if they respond and are efficient, you may connect on 022-35018383, 9033057706 (Ahmedabad), 8130992555 (Delhi) for support. It has multiple contact numbers for its respective regional sales team that can help you buy its products.

What are Spider Software’s Review Ratings from Review Sites?

Platform / Site	Rating / Score	Review Summary / User Feedback
TechJockey (Spider IRIS Plus)	5/5	Users call it a “wonderful software for trading decisions,” highlighting excellent technical-analysis tools, clean data presentation and strong support for real-time trading.
Justdial	4.0/5 (based on ~196 ratings)	Many users describe the software as “excellent and user-friendly,” praising its price-action filtration, multi-time-frame indicators, option data analysis, and charting accuracy, though some complain about high price and after-sales/renewal issues.
Independent review site	qualitative feedback	Users value the depth of analytical tools, real-time data integration and a broad feature set, but some warn that cost and interface complexity may be obstacles for beginners.

What are the Core Features of Spider Software?

The core features of Spider Software can be classified into six categories based on the unique elements that each product has to offer.

Spider IRIS+

Spider IRIS+ is the flagship real-time technical analysis software from Spider Software Pvt. Ltd. It delivers live market data for cash and F&O segments, offering advanced charting and analytical capabilities to help traders make informed decisions.

• Live Market Data: Provides real-time data feed for Indian markets, including cash equity and futures & options.
• Advanced Charting Tools: High-quality chart rendering suitable for detailed technical analysis.
• Cash & F&O Support: Covers both equity cash and derivatives, enabling comprehensive market tracking.

• Comprehensive Technical Analysis Suite: Includes charting, pattern detection, market scanning, and analytics in one platform.
• All-in-One Platform: Combines real-time data, charting, analysis, and decision-support tools without the need for multiple software.
• Historical & Real-Time Data: Supports both intraday trading and longer-term analysis/backtesting. 

Spider IRIS

Spider IRIS is a real‑time technical‑analysis platform designed for traders in Indian markets. It delivers live market data over the internet, enabling users to monitor market movements as they happen and perform advanced charting and analysis — all within a single, all‑inclusive software package.

• Live market data feed: Spider IRIS provides real‑time Internet-based data for the Indian equity market, giving traders up-to-date information for decision‑making.
• Advanced charting and analysis tools: The software offers extensive charting capabilities, comparable to global charting platforms, for technical analysis.
• Comprehensive technical‑analysis suite: It bundles multiple analysis tools (indicators, scanners, queries) to help identify trading opportunities quickly rather than requiring separate tools.

• Market‑movement tracking and alerts: Users can automatically track important market movements and scan for opportunities, helping with timely entry/exit decisions.
• Single all‑inclusive platform: Instead of using multiple tools for data, charting, scanning, and analysis, Spider IRIS integrates them under one roof.

Spider CTCL

Spider CTCL is a real‑time equity‑market software by Spider Software that connects via broker feed (CTCL / Broker Feed) to deliver live streaming data. It is designed for traders who want real‑time market tracking, analysis, and decision‑making, combining charting and technical analysis tools with direct data feed via a broker’s infrastructure.

• Live Market Data via Broker Feed: Spider CTCL receives live equity‑market data directly from a broker feed (CTCL / Broker Feed), enabling up-to-date quotes and market depth for Indian exchanges.
• Advanced Charting & Technical Analysis Tools: The software offers high-quality charting and a full suite of technical‑analysis tools, comparable to leading global charting platforms.

• Real‑time Market Tracking and Alerts: Traders can automatically track important market movements and spot trading opportunities in real time.
• All‑in‑One Platform for Equity Trading: Rather than needing multiple tools, CTCL combines data feed, charting, and analysis in a single platform, supporting a streamlined workflow for equity traders.

Spider IRIS EOD

Spider IRIS EOD is the end‑of‑day (EOD) technical‑analysis software offered by Spider Software. It provides historical and post‑market data (cash + F&O), advanced charting and technical‑analysis tools, helping users analyse the market with past data, spot trends, and make informed trading or investment decisions without needing live‑tick data.

• Cash & F&O Scrip Tracking: Supports both equity cash and derivatives instruments (F&O), enabling users to analyse a wide range of Indian-market assets.
• Post‑Market & Intraday‑History Data: Provides post‑market NSE data and intraday history for F&O, giving users access to past session data useful for back‑testing and historical analysis.

• Advanced Charting & Technical Analysis Tools: Offers high-quality charting, pattern detection, and technical‑analysis capabilities on par with top charting software; useful for swing or positional traders relying on technical setups.
• Back‑testing and Historical Analysis: As it’s based on EOD and historical data, users can back‑test strategies or analyse past market behaviour without needing a continuous real-time feed.

Spider ACE

Spider ACE is an end‑of‑day (EOD) technical‑analysis software designed for Indian stock‑market traders who want robust charting and market‑analysis tools without paying premium real‑time software prices. It aims to deliver comprehensive analysis and market‑tracking capabilities at a more accessible price point.

• Advanced Charting & Technical Analysis: Offers high-quality chart rendering and a suite of technical analysis tools comparable to top charting software.

• Market Tracking & Opportunity Detection: Enables users to automatically monitor market movements and identify potential trading or investment opportunities.
• Comprehensive EOD Platform: Provides end‑of‑day (non-real-time) data analysis without needing a live data feed, useful for positional or swing traders.

Spider ACE Pro

Spider ACE PRO is an end‑of‑day technical analysis software designed for stock market traders in India. It’s a comprehensive, all‑in‑one platform that helps users automatically track important market movements and analyse the market, intended to help traders spot opportunities and make informed trading decisions without needing real‑time intraday data.

• Advanced Charting & Technical Analysis: Advanced charting and comprehensive technical‑analysis tools, meant to rival top charting software globally.
• Automatic Market Tracking: Ability to automatically track market movements, helping spot the best opportunities for trading.
• End-of-Day (EOD) Data Processing: It is suitable for swing or positional traders rather than high‑frequency/intraday traders.
• Multi-Exchange & Instrument Support: Support for multiple exchanges and instruments (equity, possibly commodity/currency, etc.), as indicated by sellers listing support across exchanges like NSE, BSE, MCX, NCDEX.

• Advanced Technical Indicators: Large set of technical indicators/tools: including chart indicators, oscillators, candlestick & pattern scanners, enabling users to analyse trends, patterns and identify potential buy/sell signals.
• Custom Features: Custom strategy building / back‑testing: users can test their strategies on historical data to evaluate performance before actual trades.
• Portfolio Management and Reporting Tools: These include summary reports, Bhav Copy Report, delivery/volume reports, and pivot calculators, which are useful for daily/periodic review and tracking.

Now that you know the features of the Spider Software products in detail, you might have decided which one you would go for to serve your trading or investing needs, right?

Supported Markets and Assets on Spider Software

Supported Markets

• The software is designed specifically for the Indian stock market.
• It supports major Indian exchanges such as the National Stock Exchange of India (NSE), and domestic commodity & derivatives exchanges too.

Supported Assets

• Equity (cash market): Users can analyse stocks listed on the Indian equity market.
• Futures & Options (derivatives): The software supports tracking and analysis of F&O scrips (both cash + derivatives) on Indian markets.
• Commodity Futures (via MCX): Users can track MCX futures contracts and get real-time commodity-futures data & charting via its specialized product for commodity markets.

Broker Integration and Trading Execution of Spider Software

Spider Software does not offer any broker integration for trading execution. It is a product-based company that offers multiple software tools to help traders analyze the financial market to take profitable trades. Hence, the company offers advanced charting and technical analysis tools to users via its specialized product suites, but they do not allow a direct trade execution facility. 

As a user, you have to analyze the data and know where to invest and then go to the brokerage account that you hold to execute the decided trading opportunity.

Spider Software’s User Interface & Learning Curve

The Spider Software user interface is clean and easy to navigate.

• The landing page gives you a complete overview of what this company has to offer. From the first section’s banners, talking about the unique elements that it has to offer, to the third section, making the products easily downloadable, the website is easy to use and understand for even a first-time visitor.

• The Products page of the company displays the products it has to offer to its trader customers. You can click each one of them to know the pricing, feature details, and other information before deciding what to buy and whether to buy or not.

• Then comes the Events page, which focuses on updates from different companies. It covers news related to them going public for the first time to their bankruptcy. All information that may affect the trading decisions of the users can be found here.

• The topmost section of the website contains their contact details and social media handles.

The learning curve is steep here because the products are advanced, with technical analysis tools being complex. Hence, a beginner must browse through the features and try to learn about them in detail before beginning to use them. They have respective blogs and video tutorials pages for users. You may go through them to learn how to use those features in the best possible way.

Spider Software Company Details

• Company Type: Private
• Headquarters: Mumbai, India
• Year Founded: 2000
• CEO: Devesh Negandhi
• Number of Employees: 30-40
• Number of Users: 10,000+
• Company Description: Spider Software is a product-based company that offers trading analysis software tools specifically designed for the Indian stock market. Its products are segmented into real-time and end-of-day (EOD) products and offer respective features per the estimated requirements of the users. To date, it proudly claims to have served over 10,000 customers successfully. From having well-embedded indicators for reading charts thoroughly to covering news and updates related to the market, Spider Software offers it all to the users at a single, all-inclusive platform.

Top Spider Software Alternatives

Platform	What It Offers Beyond Spider Software	Best Suited For
Strike Money	Provides a modern, web/mobile-friendly interface with heatmaps, sentiment indicators, sector/stock‑rotation tools, options & futures analytics, and strategy‑building/backtesting features.	Traders or investors who prefer lighter, more intuitive tools and focus on options/F&O, sentiment, sector rotation, and strategy analysis rather than heavy desktop charting.
Investar	Combines technical charting with fundamental analysis, portfolio‑management features, auto support/resistance and supply/demand zones, auto buy/sell signals, and chart-based trade alerts.	Swing traders, positional investors, and those who want a unified platform for charting + fundamentals + portfolio tracking.
ChartInk	A lightweight, browser-based screener/charting tool designed for Indian markets; great for fast stock screening, pattern searches, and quick filtering without heavy desktop software.	Traders focused on scanning and screen-based selection (momentum, breakout, volume, etc.), especially those who prefer fast, accessible tools rather than heavy charting suites.
Upstox Pro	Integrated charting, trading platform with web and mobile access, real-time data, direct order execution, and a relatively easy-to-use interface.	Intraday traders or active traders who want seamless execution along with charting, especially useful for those who trade on the go using mobile or web.
Fyers Web	Web-based, lightweight platform offering live market streaming, TradingView-powered charting engine, instant access to NSE/BSE/MCX data, built-in screeners and order execution options.	Retail traders and active traders looking for a fast, accessible, and relatively low-cost platform combining charting and trade execution without heavy installations.

Is Strike Money the Best Alternative to Spider Software?

Yes, Strike Money can be a very good alternative to Spider Software, and in many respects might be the better choice depending on what you value.

Feature / Attribute	Strike Money	Spider Software
User interface & ease of use	Modern UI, intuitive website/app‑based interface; designed for quick scanning, filtering and analysis.	Desktop client-server applications; powerful but can be heavy and complex, with a learning curve.
Market & instrument coverage	Indian markets — equities, derivatives (F&O, futures), with options & futures tools designed for traders.	Indian equity, futures, options, MCX commodity futures — broad coverage including cash, F&O, and MCX.
Analysis & tools	Scanners, heatmaps, sentiment indicators, RRG (sector/stock rotation), futures/options analytics, and custom indicators.	Advanced charting, 150+ technical indicators, tick-by-tick real-time data, backtesting, AI-based signals/strategies, derivatives analysis.
Ideal trader type	Traders who value speed, convenience, flexibility, and affordability, especially active traders, derivatives traders, and screeners.	Traders needing depth, full control, advanced charting and data access, possibly heavy or institutional‑style analysis.
Pricing model	Subscription-based: ₹ 649/month for Pro (monthly) with longer-term discounts.	One-time license cost: e.g., real-time product ₹75,000 + GST for IRIS+.
Cost to entry (for a typical user)	Relatively low — manageable monthly cost, low commitment.	High initial cost — steep for many retail traders unless committed to heavy use.
Maintenance / Upgrades	Included in subscription, no need for manual updates or heavy installations (web‑based).	Desktop installation might involve maintenance, updates, and potentially more overhead.

Is Spider Software Worth It?

Yes, Spider Software is worth it if you want to have something personal downloaded to be used on your desktop.

Most of the users purchase its products just to check how it is different from the available online technical analysis platforms, like I did. Undoubtedly, the technical features that each of its real-time and EOD products offer are awesome. But they do not offer anything that other platforms, in their web-based and mobile app form, do not offer.

As a trader/investor, if you have ever tried the stock analytics platforms available online, you might be aware that almost all of them have advanced tools for traders to use and identify opportunities to book positions with maximum profits.

Hence, if you already have alternatives out there that offer the same features and, sometimes, even better than what Spider Software products have to provide, and that too at half or even a lesser price, you will hardly prefer the latter.

I would recommend you choose Spider Software only when you are super serious about trading, and that’s an active source of income for you. If you are doing it for earning extra or have a passive income to support your lifestyle, the stock analytics platforms online are good enough. In fact, they also have basic free versions for you to try, which Spider Software does not have.

FAQs about Spider Software

Is Spider Software Free to Use?

No, Spider Software is not free to use. You need to pay a subscription fee or license fee to use its full software and data services.

Is Spider Software Safe and Secure?

Yes, Spider Software appears to be reasonably safe and secure in terms of being a legitimate, established technical‑analysis provider for Indian markets. It’s a licensed data vendor for Indian exchanges and has been operating since 2000, claiming over 10,000 customers. 

Can a Beginner Use Spider Software?

Yes, a beginner can use Spider Software. It is a user‑friendly platform and supports novice traders by offering learning resources, like video tutorials, training sessions and workshops to help new users understand market analysis and charting. 

Is There a Mobile App for Spider Software?

No, there is no mobile app for Spider Software. It offers desktop-focused products, providing real-time and end-of-day charting and technical analyses through downloadable client software.

Is the Spider Software Interface Customizable?

Yes, Spider Software’s interface is customizable. Its products allow users to build and run custom queries, screeners, and scanners according to changing market conditions, indicating that users can tailor analysis tools to their own strategy rather than being bound to rigid presets.