Best Algorithmic Trading Guide
Algorithmic Trading
In the era of automated trading, it is important trading automation is pre-programmed according to the instruction and strategy of professional experienced traders.
Algorithmic trading was devised by professional traders to execute orders based on instructions like timing, pricing and volume.
Algorithmic trading works on complex formulas based on human trading actions and mathematical models to execute buy or sell orders on financial exchanges.
Algorithmic trading became popular after the trading systems widely became computerized. In the 1970s this initiative was seen in the American financial markets. The Designated Order Turnaround (DOT) system was introduced in the New York Stock Exchange for the purpose of order routing from investors to specialists.
About a decade later the systems were enhanced to start accepting electronic trading. During the start of the last decade, more than half of all the trades were executed by the computers.
Algorithmic Trading DIY
Lately, DIY algorithmic trading has picked up the pace in adoption by traders. Some hedge funds have started crowdsourcing such programs from freelance programmers and high-speed internet has been a blessing to algorithmic trading systems.
The recent developments in artificial intelligence technology is believed to have caused algorithmic trading use to rise higher, as the algorithmic trading software can now have deep learning features and use historical statistics to try to make a trade profitable.
Algorithmic Trading Advantages
With algorithmic trading, the associated costs come down but only if the trading volume is high. This is the reason the algorithmic trading is widely used by big brokerage firms and institutional investors. Typically algorithmic trading is used to create liquidity in the markets.
The order executions are easier and faster with algorithmic trading. Traders can make profits very quickly even at slight changes in the price of stocks and assets. In brief, algorithmic trading investment strategies are suited to rapid buy and sell trades.
Algorithmic Trading Disadvantages
Sometimes quick order execution can turn bad for traders. In volatile circumstances, the strategy may become a problem without the intervention of humans.
The liquidity in certain circumstances disappears quickly and this results in liquidity loss.
Algorithmic Trading Highlights
Algorithmic trading follows pre-programmed rules and executes orders on the strategy of a trader emulated with computer coded algorithms.
The past four decades, algorithmic trading has increased several fold and now more than half of the total trading is done with one type of algorithmic trading system or another.
Algorithmic Trading Verdict
Algorithmic trading is like a blessing to financial market traders as the order is executed automatically, abiding by the pre-programmed strategies of expert traders.
Starting in the 1980s, it has gained popularity and DIY programming has also been used to program investment strategies in recent times.
However, even though the format has several advantages, algorithmic trading cannot guarantee profit all the time. Traders have also experienced losses using algorithmic trading.
We've collected thousands of datapoints and written a guide to help you find the best Algorithmic Trading for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best algorithmic trading below. You can go straight to the broker list here.
Reputable Algorithmic Trading Checklist
There are a number of important factors to consider when picking an online Algorithmic Trading trading brokerage.
- Check your Algorithmic Trading has a history of at least 2 years.
- Check your Algorithmic Trading has a reasonable sized customer support of at least 15.
- Does the Algorithmic Trading fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Check your Algorithmic Trading has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your Algorithmic Trading have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your Algorithmic Trading can hire people from various locations in the world who can better communicate in your local language.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
Our brokerage comparison table below allows you to compare the below features for brokers offering Algorithmic Trading.
We compare these features to make it easier for you to make a more informed choice.
- Minimum deposit to open an account.
- Available funding methods for the below Algorithmic Trading.
- What you are able to trade with each brokerage.
- Trading Platforms offered by these brokers.
- Spread type (if applicable) for each brokerage.
- Customer support levels offered.
- We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.
Top 15 Algorithmic Trading of 2020 compared
Here are the top Algorithmic Trading.
Compare Algorithmic Trading min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are algorithmic trading. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more algorithmic trading that accept algorithmic trading clients
| Broker |
eToro
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IC Markets
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Pepperstone
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FXPrimus
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AvaTrade
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Axitrader
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Swissquote
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forexmart
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phoenixmarkets
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ezinvest
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| Rating | ||||||||||
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA) | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) | Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA) | Financial Conduct Authority (FCA) | Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) |
| Min Deposit | 200 | 200 | 200 | 100 | 250 | No minimum deposit | 1000 | 1 | 500 | 500 |
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| Used By | 12,000,000+ | 60,000+ | 10,000+ | 10,000+ | 200,000+ | 10,000+ | 300,000+ | 10,000+ | 10,000+ | 10,000+ |
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| Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, MT5, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4,WEB,desktop | MT4,mac,Android.iPhone/iPad | MT4,mac,Android.iPhone/iPad |
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| Learn More |
Sign
Up with etoro |
Sign
Up with icmarkets |
Sign
Up with pepperstone |
Sign
Up with fxprimus |
Sign
Up with avatrade |
Sign
Up with axitrader |
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Up with swissquote |
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Up with forexmart |
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Up with phoenixmarkets |
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Up with ezinvest |
| Risk Warning | 75% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Losses can exceed deposits | 79% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Losses can exceed deposits | Your capital is at risk | Your capital is at risk | Your capital is at risk |
| Demo |
eToro Demo |
IC Markets Demo |
Pepperstone Demo |
FXPrimus Demo |
AvaTrade Demo |
Axitrader Demo |
Swissquote Demo |
ForexMart Demo |
Phoenix Markets Demo |
EZINVEST Demo |
| Excluded Countries | US, IR, KP, BE, CA, JP, SY, TR, IL, HK | AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA | BR, KR, IR, IQ, SY, JP, US | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | BE, BR, KP, NZ, TR, US, CA, SG | US, JP | US | BE, CA, IR, JP, KP, US, BA, ET, IQ, UG, VU, YE, AF, LA, TR, SY, IL | BE, CA, IR, JP, KP, US, BA, ET, IQ, UG, VU, YE, AF, LA, TR, SY, IL |
All Algorithmic trading in more detail
You can compare Algorithmic Trading ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Algorithmic Trading for 2020 article further below. You can see it now by clicking here
We have listed top Algorithmic trading below.
Algorithmic Trading Table of Contents
- Algorithmic Trading Explained
- 6 Factors to Consider when Choosing Algorithmic Trading
- Are Your Algorithmic Trading Trusted And Established?
- Are The Algorithmic Trading World Leading?
- What are the Algorithmic Trading Commissions and Fees?
- What are the Algorithmic Trading Funding and Withdrawl Methods?
- Find Algorithmic Trading with Round-the-clock support?
- Make sure the Algorithmic Trading Offer Comprehensive Trader resources?
- Why do Algorithmic Trading need to be regulated?
- Algorithmic Trading FAQ
- What are the best Algorithmic trading brokers?
- What is the best Algorithmic trading broker?
- Related Algorithmic Trading Reviews
- Related Algorithmic Trading Alternatives
- Related Algorithmic Trading Comparisons
Algorithmic Trading Explained
Trading the financial markets with Algorithmic Trading when conditions are volatile can be difficult, even for experienced traders.
Apart from the educational and other resources made available online, another important factor for traders to consider when looking for Algorithmic Trading is the platform that a Algorithmic Trading offer.
Choose Algorithmic Trading that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need Algorithmic Trading that you can rely on.
6 Factors to Consider when Choosing Algorithmic Trading
Follow these five rules for selecting a broker that's right for you:
Are Your Algorithmic Trading Trusted And Established?
Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated Algorithmic Trading broker is eToro. Established in 2006, and in operation for 12 years eToro have a head office in Cyprus, UK.
eToro is regulated. This means eToro are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
Another top rated broker is IC Markets.
IC Markets was established 2007, and in operation for 12 years IC Markets have a head office in Australia.
IC Markets is regulated. This means IC Markets are supervised by and is checked for conduct by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
| Broker |
eToro
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IC Markets
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Pepperstone
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FXPrimus
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AvaTrade
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Axitrader
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| Year Established | 2006 | 2007 | 2010 | 2009 | 2006 | 2007 |
| Head Office | Cyprus, UK | Australia | Australia | Cyprus | The British Virgin Islands | Australia |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA) | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) | Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA) |
| Used By | 12,000,000+ | 60,000+ | 10,000+ | 10,000+ | 200,000+ | 10,000+ |
| Negative balance protection | No | Yes | Yes | No | No | No |
| Guaranteed Stop Loss | No | No | No | No | No | No |
| Learn More | Visit eToro | Visit IC Markets | Visit Pepperstone | Visit FXPrimus | Visit AvaTrade | Visit Axitrader |
| Risk Warning | 75% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Losses can exceed deposits | 79% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits |
Are The Algorithmic Trading World Leading?
Choose a broker that's at the forefront of innovation and generally considered an industry-leader. eToro Segregates clients funds and offers over 100 instruments. eToro offers both an online trading platform as well as a mobile platform giving clients easy access to markets.
In addition, eToro supports many popular third-party trading platforms enabling access to a variety of markets worldwide that can be traded with the assistance of expert advisors or a customizable automatic trading strategy. eToro is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.
Another good choice when looking for Algorithmic Trading is IC Markets . IC Markets Segregates clients funds and offers over 232 instruments.
| Broker |
eToro
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IC Markets
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Pepperstone
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FXPrimus
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AvaTrade
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Axitrader
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| Instruments Available | 100 | 232 | 100 | 100 | 250 | 100 |
| Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile apps |
| Excluded Countries | US, IR, KP, BE, CA, JP, SY, TR, IL, HK | US | BR, KR, IR, IQ, SY, JP,US | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR,US, AU, SY, DZ, JP, EC. | BE, BR, KP, NZ, TR, US, CA, SG | US, JP |
| Forex pairs offered | 50 | 65 | 70 | 45 | 80 | 100 |
| Forex pairs offered | 50 | 65 | 70 | 45 | 80 | 100 |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Cryptocurrencies | Yes | Yes | Yes | No | Yes | Yes |
| Commodities Offered | 0 | 19 | 16 | 0 | 16 | 20 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes | Yes | Yes | Yes |
| Agricultural | Yes | Yes | No | No | Yes | Yes |
| Stocks Offered | 957 | 100 | 60 | 60 | 99 | 1000 |
| UK Shares | Yes | No | No | Yes | Yes | Yes |
| US Shares | Yes | Yes | No | Yes | Yes | Yes |
| German Shares | Yes | Yes | Yes | No | Yes | Yes |
| Japanese Shares | Yes | Yes | No | No | Yes | Yes |
What are the Algorithmic Trading Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Algorithmic Trading broker eToro offers competitive offers for Stocks, Commodities, Forex, CFDs, Social Trading, Indices, Cryptocurrency. eToro minimum deposit is 200.
Another top rated Algorithmic Trading broker IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
| Broker |
eToro
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IC Markets
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Pepperstone
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FXPrimus
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AvaTrade
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Axitrader
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| Min Deposit | 200 | 200 | 200 | 100 | 250 | 0 |
| Withdrawl Fees | Yes | No | No | Varies | No | Varies |
| Inactivity Fees | Yes | No | Yes | No | No | No |
| Deposit Fees | No | Varies | No | Varies | No | Varies |
| CFD Commission Fees | No | Yes | Yes | No | No | Yes |
What are the Algorithmic Trading Funding and Withdrawal Methods?
When dealing with Algorithmic Trading having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
eToro
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IC Markets
|
Pepperstone
|
FXPrimus
|
AvaTrade
|
Axitrader
|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | Yes | Yes | No | Yes | No |
| Skrill | Yes | Yes | Yes | No | No | No |
| Payoneer | Yes | Yes | Yes | Yes | Yes | |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes |
Find Algorithmic Trading with Round-the-clock support?
Customer service is very important when dealing with Algorithmic Trading.
When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.
Algorithmic Trading customer support can include Phone answering services, Live chat support and Email customer service support.
eToro support a wide range of languages including English, German, Spanish, French, and Italian
IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
eToro and IC Markets offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
eToro
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IC Markets
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Pepperstone
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FXPrimus
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AvaTrade
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Axitrader
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| Support |
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| Languages | English, German, Spanish, French, and Italian | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Spanish, Indonesian, Chinese, Thai, Vietnamese, Hungarian, and Malaysian | English, Italian, German, French, Greek, and Hebrew | English, Chinese, Spanish, German, Japanese, Russian, Romanian, and Arabic |
| Learn More | Visit eToro | Visit IC Markets | Visit Pepperstone | Visit FXPrimus | Visit AvaTrade | Visit Axitrader |
| Risk Warning | 75% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money | Losses can exceed deposits | 79% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits |
Make sure the Algorithmic Trading Offer Comprehensive Trader resources?
Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, eToro and IC Markets work together to bring the latest news and insights to traders.
For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.
Why do Algorithmic Trading need to be regulated?
A regulated Algorithmic Trading broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
Algorithmic Trading brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.
Algorithmic Trading List
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, MacCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mac, ZuluTrade, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, ZuluTrade, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4,WEB,desktopCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4,mac,Android.iPhone/iPadCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account