Top Automated Forex Trading for 2023
We found 11 online brokers that are appropriate for Trading Automated Forex Trading.
Best Automated Forex Trading Guide
Updated May 30, 2023
Automated Forex Trading
Automated Forex trading is buying and selling using an automated procedural algorithm based on current market trends.
In this article, we will discuss in detail the topic of automated Forex trading.
The word 'automated', clearly identifies the concept of automated Forex trading is related to a computer program, but it is important to convey that human traders teach the automated algorithm how to make trading decisions based on set rules.
In today's market manual trading has become cumbersome and hence traders are turning towards automated Forex trading.
Several such automated computer software is made available by brokers to allow clients to set parameters for trading throughout the day and night.
Automated Forex trading is perfect for such traders who seek to automate trading decisions.
How to Proceed with Automated Forex Trading
The Forex market is active throughout the day and night due to different time zones of countries and lately Forex trading has become incredibly popular.
Earlier, traders had to rely on algorithmic trading while now they have harnessed the power of the new system, the automated Forex trading system such as TradeStation and MetaTrader.
Automated Forex trading is gaining popularity among traders nowadays. The primary advantage of automated Forex trading is that it allows traders to trade at par with institutional traders by using technology and computer programs.
It is a type of algorithm-based trading, where trades are executed by a computer program instead of traders doing it manually. In fact, manual trading is becoming more obsolete.
Automated Forex trading was earlier only made available to institutional traders, but now retail traders are beginning to take advantage of it.
What is Automated Forex Trading?
Automation is based on technical analysis. A trader basically codes a program or software following instructions for trading currencies under certain pre-defined parameters like price and pips. Thereafter, no human intervention is required to buy or sell the currencies.
Trading platforms like MT4, MT5, and TradeStation allow users to build the so-called Expert Advisors or automated traders on a set rule that is rooted in technical analysis.
The programming language offered by MT4 is MQL4, while TradeStation provides EasyLanguage to build EAs on the platform.
Is Automated Forex Trading Profitable?
Yes, automated Forex trading is profitable. It works perfectly based on language coding and set rules. It is profitable if the set rules follow a profitable strategy. It makes the trading process easy as most of the manual work is automated to save time and initiate trades without error and bias.
Automated Forex Trading Software
There are basically three types of automated Forex trading software. The most advanced one is known as 'robots', which derives trading signals and execute trades accordingly.
Forex Copy Trading
Copy trading is simply finding a successful and experienced trader to copy his strategies. Most of the automation is based on this principle to adapt the strategies of other successful traders.
Under such automation, a trader sets the software to copy the trading process of an experienced trader until it is stopped manually.
Broker-Based Automated Forex Trading
Not all the automated Forex trading softwares are the same. These are customized where some are coded according to the strategy of brokers. The best examples of broker-based automated Forex trading software include MT4, MT5, TradeStation, cTrader, eToro Copytrader, Ninjatrader 8, and ProOrder.
Some of the Forex or CFD brokers feature proprietary software. This means that the platform may or may not offer the automation software.
Trading Signals
Most of the Forex brokers run trading signal services either for free or by charging a fee. Some have a team set up to churn out the trading signals, while many rely on the automation analysis. The human factor plays an important role in mixing up the fundamentals with the technical triggers, all while considering various economic indicators.
Robots
Robots generate signals automatically and take action on it without the need for human intervention. Hence, there is no risk of bias here.
MT4
The MetaTrader 4 was created by MetaQuotes and it features advanced charting, impressive functionalities, and technical indicators. It is currently one of the most popular platforms and its Expert Advisors is the most sought-after for online trading.
Free Automated Forex Trading Software
Traders mostly don't trust free softwares. However, there is no guarantee that the paid versions would outperform the free softwares. In fact, a combination of automation and occasional human intervention might be the best solution in trading.
How to best use Automated Forex Trading
Below are some proven suggestions on how to best use automated Forex trading:
- It is important to understand manual trading before experimenting with automated Forex trading. Moreover, it is never recommended to opt for automation until one has ample trading experience.
- Do not blindly trust any technology. It should be noted that even the best and most popular automation requires monitoring and occasional tweaking.
- It is better to use a server-based platform to minimize mechanical failures.
- Try to remain away from scams and scammers who promise more than the usual, and guarantees complete profits.
Automated Forex Trading Advantages
One of the well-known advantages of automated Forex trading is that no emotion is involved in the trade and hence behavioral finance biases are reduced in it. This means investment decision making is not impacted negatively.
Traders can back test the system and understand their performance on past data. This, in turn, helps traders fine tune trading strategies.
With automated Forex trading the presence of a trader is not required when buying and selling currency pairs using the software.
Automated Forex Trading Disadvantages
Past performance can never guarantee a profit in the current situation and hence developing a very successful software is difficult.
Automated Forex Trading Uses
Automated Forex trading is suited to beginners who want to learn about the currency markets.
Those who have less experience in the Forex market have an opportunity to see how the automated algorithms action trades.
One of the best examples of automated Forex trading software is MetaTrader.
It is free and brokers suggest to start trading with a demo account, which is a practice account and is traded with virtual currency.
It is suggested to practice Forex trading through a demo account before risking real money.
Automated Forex Trading Verdict
Automated Forex trading is currently the trend in the currency markets across the world as it has more advantages than disadvantages. The most popular platforms offering automation include MT4, MT5, and TradeStation.
In this article, we discussed automated Forex trading in detail. However, it should be emphasised again that no automation can guarantee a profit. Hence, traders need to keep an eye on the trades and frequently do some tweaking to increase profits. While looking for good automation softwares, traders need to be careful and remain away from scammers.
Furthermore, traders should always gain more trading experience before opting for automated Forex trading. This is so as machines and algorithms have limitations, which can be overcome by the human brain. Therefore, traders should take note not to over rely on automated trading softwares.
Automated Forex trading is a great addition to traders investment strategies.
Automated Forex trading is based on a computer program and decisions are actioned automatically.
It is perfect for beginners and traders who wish to action trades without being present throughout the day and night all over the world.
We have conducted extensive research and analysis on over multiple data points on Automated Forex Trading to present you with a comprehensive guide that can help you find the most suitable Automated Forex Trading. Below is a list of what we consider to be the best Automated Forex trading brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Automated Forex Trading.
Reputable Automated Forex Trading Checklist
Selecting a reliable and reputable online Automated Forex Trading trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Automated Forex Trading more confidently.
Selecting the right online Automated Forex Trading trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
- Ensure your chosen Automated Forex Trading broker has a solid track record of at least two years in the industry.
- Verify that the Automated Forex Trading broker has a customer support team of at least 15 members responsive to queries and concerns.
- Check if the Automated Forex Trading broker operates under the regulatory framework of a jurisdiction that can hold it accountable for any misconduct or resolve disputes fairly and impartially.
- Ensure that the Automated Forex Trading broker can process deposits and withdrawals within two to three days, which is crucial when you need to access your funds quickly.
- Look for Automated Forex Trading brokers with an international presence in multiple countries, offering its clients local seminars and training programs.
- Ensure the Automated Forex Trading broker can hire staff from diverse locations worldwide who can communicate fluently 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.
Compare Key Features of Automated Forex Trading Brokers in Our Brokerage Comparison Table
When choosing a broker for Automated Forex trading trading, it's essential to compare the different options available to you. Our Automated Forex trading brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
- Minimum deposit requirement for opening an account with each Automated Forex trading broker.
- The funding methods available for Automated Forex trading with each broker.
- The types of instruments you can trade with each Automated Forex trading broker, such as forex, stocks, commodities, and indices.
- The trading platforms each Automated Forex trading broker provides, including their features, ease of use, and compatibility with your devices.
- The spread type (if applicable) for each Automated Forex trading broker affects the cost of trading.
- The level of customer support each Automated Forex trading broker offers, including their availability, responsiveness, and quality of service.
- Whether each Automated Forex trading broker offers Micro, Standard, VIP, or Islamic accounts to suit your trading style and preferences.
By comparing these essential features, you can choose a Automated Forex trading broker that best suits your needs and preferences for Automated Forex trading. Our Automated Forex trading broker comparison table simplifies the process, allowing you to make a more informed decision.
Top 15 Automated Forex Trading Brokers of 2023 compared
Here are the top Automated Forex Trading Brokers.
Compare Automated Forex trading brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Automated Forex trading broker, it's crucial to compare several factors to choose the right one for your Automated Forex trading needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Automated Forex trading brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Automated Forex trading brokers that accept Automated Forex trading clients.
| Broker |
IC Markets
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Roboforex
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Pepperstone
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XM
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AvaTrade
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XTB
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eToro
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NordFX
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Trading212
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FP Markets
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EasyMarkets
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| Rating | |||||||||||
| Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), 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 | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | FCA (Financial Conduct Authority) Etoro (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) |
| Min Deposit | 200 | 10 | 200 | 5 | 100 | No minimum deposit | 50 | 1 | 1 | 100 | 100 |
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| Used By | 180,000+ | 1,000,000+ | 400,000+ | 3,500,000+ | 300,000+ | 581,000+ | 30,000,000+ | 10,000+ | 15,000,000+ | 10,000+ | 142,500+ |
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| Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps |
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| Learn More |
Sign
Up with icmarkets |
Sign
Up with roboforex |
Sign
Up with pepperstone |
Sign
Up with xm |
Sign
Up with avatrade |
Sign
Up with xtb |
Sign
Up with etoro |
Sign
Up with nordfx |
Sign
Up with trading212 |
Sign
Up with fpmarkets |
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Up with easymarkets |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 74-89 % of retail investor accounts lose money when trading CFDs | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% 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. | 71% of retail investor accounts lose money when trading CFDs with this provider | 81% 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. | 77% 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. 76% 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 | Your capital is at risk |
| Demo |
IC Markets Demo |
Roboforex Demo |
Pepperstone Demo |
XM Demo |
AvaTrade Demo |
XTB Demo |
eToro Demo |
NordFX Demo |
Trading 212 Demo |
FP Markets Demo |
easyMarkets Demo |
| Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EU, FM, FR, GW, ID, IR, JP, LR, MP, NL, PF, RU, SE, SJ, SS, TL, TR, US | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, YE, ZW | US, CA, IL, KR, IR, MM, CU, SD, SY | BE, BR, KP, NZ, TR, US, CA, SG | US, IN, PK, BD, NG , ID, BE, AU | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, 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, PT, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, UA, JO, KR, | US, CA, EU, RU, SY, KP, CU | US, CA | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE |
All Automated Forex trading brokers in more detail
You can compare Automated Forex Trading Brokers 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 Automated Forex Trading Brokers for 2023 article further below. You can see it now by clicking here
We have listed top Automated Forex trading brokers below.
Automated Forex Trading Table of Contents
- Automated Forex Trading Explained
- 6 Factors to Consider when Choosing Automated Forex Trading
- Are Your Automated Forex Trading Trusted And Established?
- Are The Automated Forex Trading World Leading?
- What are the Automated Forex Trading Commissions and Fees?
- What are the Automated Forex Trading Funding and Withdrawl Methods?
- Find Automated Forex Trading with Round-the-clock support?
- Make sure the Automated Forex Trading Offer Comprehensive Trader resources?
- Why Automated Forex Trading needs to be regulated?
- Automated Forex Trading FAQ
- What are the best Automated Forex trading brokers?
- What is the best Automated Forex trading broker?
- Related Automated Forex Trading Reviews
- Related Automated Forex Trading Alternatives
- Related Automated Forex Trading Comparisons
Automated Forex Trading Explained
Trading volatile financial markets with Automated Forex Trading can be challenging, even for experienced traders. In addition to the online educational resources available, traders should consider the platform offered by Automated Forex Trading to ensure a successful trading experience.
Selecting Automated Forex Trading at the forefront of innovation and considered an industry leader is crucial. Doing so will ensure you are equipped with the tools and features to navigate volatile Automated Forex Trading markets effectively.
Reliability is key to gaining access to financial markets. Look for Automated Forex Trading that you can rely on to provide a stable and secure trading environment, allowing you to execute trades with Automated Forex Trading confidently.
6 Factors to Consider when Choosing Automated Forex Trading
Follow these five rules for selecting Automated Forex Trading that are right for you:
Are Your Automated Forex Trading Trusted And Established?
Search for a reputable Automated Forex Trading with a extensive proven track record for Automated Forex Trading, enabling you to focus solely on implementing your trading strategy and navigating the markets with confidence. The top rated Automated Forex Trading broker is IC Markets. Established in 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 Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
Another top rated broker is Roboforex.
Roboforex was established 2009, and in operation for 9 years Roboforex have a head office in Belize.
Roboforex is regulated. This means Roboforex are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
| Broker |
IC Markets
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Roboforex
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Pepperstone
|
XM
|
AvaTrade
|
XTB
|
eToro
|
NordFX
|
| Year Established | 2007 | 2009 | 2010 | 2009 | 2006 | 2002 | 2007 | 2008 |
| Head Office | Australia | Belize | Australia | Cyprus | Ireland | Poland | Cyprus, UK | Mauritius |
| Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), 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 | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | FCA (Financial Conduct Authority) Etoro (Europe) Limited FCA reference 523775, eToro (UK) Ltd FCA reference 583263, ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), MiFID (Markets In Financial Instruments Directive), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 |
| Used By | 180,000+ | 1,000,000+ | 400,000+ | 3,500,000+ | 300,000+ | 581,000+ | 30,000,000+ | 10,000+ |
| Negative balance protection | Yes | No | Yes | Yes | No | Yes | Yes | |
| Guaranteed Stop Loss | No | No | No | No | No | No | No | |
| Learn More | Visit IC Markets | Visit Roboforex | Visit Pepperstone | Visit XM | Visit AvaTrade | Visit XTB | Visit eToro | Visit NordFX |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 74-89 % of retail investor accounts lose money when trading CFDs | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% 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. | 71% of retail investor accounts lose money when trading CFDs with this provider | 81% 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. | 77% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits |
Are The Automated Forex Trading World Leading?
Opt for Automated Forex Trading that set themselves apart as an industry leader by actively embracing innovation. Take IC Markets as an example, which is renowned for Segregates clients funds and boasts an extensive array of 2250 tradable instruments. Moreover, IC Markets caters to the needs of its clients with both an online trading platform and a mobile application, making it incredibly convenient to access the markets from anywhere, at any time.
In addition, the IC Markets platform enables access to a variety of financial markets worldwide. IC Markets 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 Automated Forex Trading is Roboforex. Roboforex Segregates clients funds and offers over 100 instruments.
| Broker |
IC Markets
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Roboforex
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Pepperstone
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XM
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AvaTrade
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XTB
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eToro
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NordFX
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| Instruments Available | 2250 | 100 | 1200 | 1000 | 1250 | 5600 | 5000 | 50 |
| Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps |
| Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EU, FM, FR, GW, ID, IR, JP, LR, MP, NL, PF, RU, SE, SJ, SS, TL, TR, US | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, YE, ZW | US, CA, IL, KR, IR, MM, CU, SD, SY, PT | BE, BR, KP, NZ, TR, US, CA, SG | US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, 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, PT, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, UA, JO, KR, | US, CA, EU, RU, SY, KP, CU |
| Forex pairs offered | 61 | 35 | 70 | 55 | 55 | 57 | 50 | |
| Forex pairs offered | 61 | 35 | 70 | 55 | 55 | 57 | 50 | |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | |
| Cryptocurrencies (availability subject to regulation) | Yes | No | Yes | No | Yes | Yes | Yes | Yes |
| Commodities Offered | 20 | 21 | 16 | 15 | 17 | 21 | 31 | 0 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | No | Yes | Yes | Yes | Yes | Yes | No |
| Agricultural | Yes | No | Yes | No | Yes | Yes | Yes | No |
| Stocks Offered | 2100 | 0 | 1100 | 160 | 1000 | 1696 | 2042 | |
| UK Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
| US Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
| German Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
| Japanese Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
What are the Automated Forex Trading Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Automated Forex Trading broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
Another top rated Automated Forex Trading broker Roboforex offers Forex, CFDs. Roboforex minimum deposit is 10. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
IC Markets
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Roboforex
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Pepperstone
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XM
|
AvaTrade
|
XTB
|
eToro
|
NordFX
|
| Min Deposit | 200 | 10 | 200 | 5 | 100 | 0 | 50 | 1 |
| Withdrawl Fees | No | Yes | No | No | No | varies | Yes | No |
| Inactivity Fees | No | No | No | Yes | No | Yes | Yes | No |
| Deposit Fees | Varies | No | No | No | No | No | No | No |
| CFD Commission Fees | Yes | No | Yes | No | No | Yes | Yes | Yes |
What are the Automated Forex Trading Funding and Withdrawal Methods?
Efficient and hassle-free funding and withdrawal facilities can significantly improve your overall trading experience when dealing with Automated Forex Trading. It streamlines the trading process and helps you focus on making informed decisions rather than worrying about deposit and withdrawal matters with Automated Forex Trading.
| Broker |
IC Markets
|
Roboforex
|
Pepperstone
|
XM
|
AvaTrade
|
XTB
|
eToro
|
NordFX
|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes | Yes | No |
| Paypal | Yes | No | Yes | No | Yes | Yes | Yes | No |
| Skrill | Yes | No | Yes | No | No | Yes | Yes | No |
| Payoneer | No | Yes | Yes | No | Yes | Yes | No | No |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Find Automated Forex Trading with Round-the-clock support?
Effective customer service is an essential factor to consider when dealing with Automated Forex Trading.
Automated Forex Trading customer service entails various support services to aid customers in making the most cost-effective and appropriate use of the brokers' services.
The customer support options offered by Automated Forex Trading can include phone answering services, live chat support, and email customer service support.
IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Roboforex support a wide range of languages including English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian
IC Markets and Roboforex offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
IC Markets
|
Roboforex
|
Pepperstone
|
XM
|
AvaTrade
|
XTB
|
eToro
|
NordFX
|
| Support |
|
|
|
|
|
|
|
|
| Languages | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, Spanish, Portuguese, Thai, Russian, Italian, French, German, Polish, Chinese, Vietnamese, and Arabic | Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish | Arabic, Simplified Chinese, Traditional Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Indonesian, Japanese, Mongolian, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Malay, Korean and Turkish | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | English, German, Spanish, French, Italian | Indian, Chinese, Arabic, Brazilian, English, Spanish, Russian |
| Learn More | Visit IC Markets | Visit Roboforex | Visit Pepperstone | Visit XM | Visit AvaTrade | Visit XTB | Visit eToro | Visit NordFX |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 74-89 % of retail investor accounts lose money when trading CFDs | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% 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. | 71% of retail investor accounts lose money when trading CFDs with this provider | 81% 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. | 77% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits |
Make sure the Automated Forex Trading Offer Comprehensive Trader resources?
It's important to ensure your Automated Forex Trading provide complimentary resources such as analysis, education, and risk management tools. IC Markets and Roboforex collaborate with top analysts to bring the most up-to-date news and insights to traders.
Sound risk and money management are vital to financial market navigation with Automated Forex Trading. However, selecting the best broker to access the markets is a critical step that traders should not overlook as they embark on trading live financial markets with Automated Forex Trading.
Why Automated Forex Trading needs to be regulated?
Regulated Automated Forex Trading lowers your risk of loss of deposited trading funds.
Lowering your risk is one of the benefits of working with a properly regulated Automated Forex Trading.
Consumers are protected by Automated Forex Trading regulation, critical to preventing inadequate services and potential financial harm.
Regulation of Automated Forex Trading is necessary to prevent fraud. The Automated Forex Trading working capital and client-funded accounts must be kept separate to avoid conducting business with client funds. Any fraudulent behaviour with Automated Forex Trading is monitored by financial regulators in the jurisdictions brokers are allowed to operate.
Automated Forex Trading List
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, AndroidCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account Pro Account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account XM Zero account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Learn more
Losses can exceed deposits