Pricing

Choose your tier.

Bring your own data key. You pay for the software; the market data is separate.

Cipher Free

Start reading options exposure.

$0 /mo
Requires your own eligible Alpaca Basic API key.
Access Cipher Free
  • Full ticker universe (2,000+)
  • GEX and VEX heatmaps
  • Current IEX price snapshot
  • 15 minute indicative heatmap updates
  • Trading journal

Cipher X

For serious traders.

$150 /mo
Requires an Alpaca Algo Trader Plus API key, billed separately by Alpaca.
Get Cipher X
  • Everything in Server
  • Night Vision and Matrix auto refresher
  • Trident multi index view
  • Cipher Setup Scanner (3+ custom models)
  • Flash intraday scanner
  • Flash Agentic live monitor
  • Chart saves and snapshots
  • Priority new feature access

Cipher Free uses IEX-only stock snapshots and Alpaca Indicative options data, not consolidated SIP or OPRA. Indicative trades are delayed by at least 15 minutes and heatmaps refresh every 15 minutes. Alpaca account eligibility, agreements, and data entitlements apply. Alpaca is not affiliated with or endorsing Cipher. Annual paid billing includes one month free. Cipher platform access on the Server and Cipher X plans runs on your own Alpaca Algo Trader Plus market data key, which Alpaca bills separately.