Spider Software for Technical Traders in India
Spider Software is one of the most recognized names in India when it comes to technical analysis tools for professional and semi-professional traders. Known for its accuracy, custom indicators, and advanced scanning capabilities, Spider is built specifically for the Indian stock, futures, and commodities markets.
In this blog, we’ll review Spider Software’s key features, pricing, pros, cons, and help you decide if it’s the right tool for your trading desk in 2025.
What Is Spider Software?
Spider Software India Pvt. Ltd. develops charting platforms that provide real-time technical analysis and EOD (End-of-Day) analysis tools for NSE, BSE, MCX, and NCDEX markets.
It is widely used by:
- Full-time traders
- Technical analysts
- Brokerage firms and sub-brokers
- Portfolio managers and swing traders
Types of Spider Software Products
1. Spider IRIS+ (Intraday Real-time Intelligent System)
- Real-time charting with 1-min, 5-min, 15-min, hourly intervals
- Intraday custom strategy builder
- Alerts and market scanners
- Data for NSE Cash/Futures, MCX
2. Spider IRIS EOD
- Ideal for positional traders
- Works on daily, weekly, and monthly charts
- Provides over 80+ indicators, chart patterns, and auto trendlines
- Suitable for fundamental + technical analysis combination
3. Spider ACE
- Designed for brokers and research desks
- In-depth market internals, sector scans, heatmaps
- Real-time client monitoring and custom advisory tools
Key Features
- Customizable Indicators: RSI, MACD, Bollinger Bands, Supertrend, Ichimoku
- Auto Buy/Sell Signal Generator
- Multi-Timeframe Charting
- Trend Scanners and Sector Performance Tools
- Custom Strategy Alerts with Sound + Popups
- Real-Time Data Feeds (NSE, BSE, MCX)
- Bulk Scrip Analysis Tools
Pricing & Plans (2025)
Spider Software operates on a subscription + data feed model. Pricing depends on modules and exchanges selected.
| Product | Price Range (Per Year) | Segments Covered |
|---|---|---|
| IRIS+ | ₹30,000–₹55,000 | Intraday + Real-Time |
| EOD Version | ₹18,000–₹25,000 | EOD Analysis |
| MCX Module | Additional ₹10,000+ | Commodities |
| Add-ons (Advisory Tools, Advanced Scanners) | Varies | Custom Pricing |
Free demo and trial version available on request.
Pros and Cons
✅ Pros:
- High-quality real-time data for Indian markets
- Powerful scanning and alert systems
- Deep customization for technical analysis
- Auto signal generation for fast decisions
- Used by many professional traders and analysts
❌ Cons:
- Desktop-based software (Windows only)
- No mobile app (not cloud-based like TradingView)
- Steeper learning curve for beginners
- Requires system installation and stable internet
Who Should Use Spider Software?
✅ Recommended For:
- Intraday and swing traders using Indian markets
- Technical analysts relying on chart and indicator signals
- Traders wanting faster alerts and advanced scanners
- Brokerage firms needing real-time analytics tools
❌ Not Ideal For:
- Beginners with no TA knowledge
- Mobile-first or part-time investors
- Users who prefer browser-based platforms
Spider Software vs TradingView (India)
| Feature | Spider Software | TradingView India |
|---|---|---|
| Real-time Indian Data | Yes | Yes (paid plans) |
| Custom Indicator Alerts | Yes | Yes |
| Browser Access | ❌ (Desktop Only) | ✅ |
| Mobile Support | ❌ | ✅ |
| Pricing | High | Freemium to premium |
| Auto Buy/Sell Signals | Yes | No (manual logic needed) |
Final Thoughts
Spider Software remains one of the most advanced India-focused technical analysis platforms. While it’s not cloud-based like TradingView, its real-time intraday scanning, strategy signals, and deep customization make it a favorite among serious traders.
If you’re a full-time technical trader looking for powerful intraday insights and don’t mind installing software, Spider Software is a great long-term investment.
FAQs
Is Spider Software SEBI registered?
Spider is a software provider, not a broker or advisory firm. It’s used for analysis and alerts.
Can I use Spider Software on mobile?
No. It’s desktop-only (Windows). No mobile or browser version is available.
Is real-time data included?
Yes, for NSE, BSE, MCX. But real-time feeds are billed separately in most plans.
Do I need internet to run Spider Software?
Yes. It requires an internet connection for real-time updates.
Does it work for Forex?
No. It is focused only on Indian stock, futures, and commodity markets.
