We found 11 online brokers that are appropriate for Trading 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.
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.
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.
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 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 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.
There are a number of important factors to consider when picking an online Algorithmic Trading trading brokerage.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
We compare these features to make it easier for you to make a more informed choice.
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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Axitrader
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Swissquote
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AvaTrade
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forexmart
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phoenixmarkets
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ezinvest
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ETX Capital
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Rating | |||||||||||
Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Dubai Financial Services Authority (DFSA) | Financial Conduct Authority (FCA) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) | Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 200 | 200 | 100 | No minimum deposit | 1000 | 250 | 1 | 500 | 500 | 100 |
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Used By | 17,000,000+ | 60,000+ | 10,000+ | 10,000+ | 10,000+ | 300,000+ | 200,000+ | 10,000+ | 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, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, MT5, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4,WEB,desktop | MT4,mac,Android.iPhone/iPad | MT4,mac,Android.iPhone/iPad | MT4, Mac, Mirror Trader, Binary, Tablet & Mobile apps |
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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 axitrader |
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Up with swissquote |
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Up with avatrade |
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Up with forexmart |
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Up with phoenixmarkets |
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Up with ezinvest |
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Up with etxcapital |
Risk Warning | 71% 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. 79.3% 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 | Losses can exceed deposits | Losses can exceed deposits | 79% of retail investor accounts lose money when trading CFDs with this provider | Your capital is at risk | Your capital is at risk | Your capital is at risk | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
Pepperstone Demo |
FXPrimus Demo |
Axitrader Demo |
Swissquote Demo |
AvaTrade Demo |
ForexMart Demo |
Phoenix Markets Demo |
EZINVEST Demo |
ETX Capital Demo |
Excluded Countries | IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, US, PY, HN, GT, PR, NI, VG, AN, | 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. | US, JP | US | BE, BR, KP, NZ, TR, US, CA, SG | 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 | US, BE, CA , SG, BE |
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 2021 article further below. You can see it now by clicking here
We have listed top Algorithmic trading below.