Best Automated Trading Guide
Automated Trading
Automated trading is different from mechanical trading and it is comparatively far better.
Automated trading is algorithmic trading or system trading in which traders create certain rules in programmed software to conduct trading according to a conditional path.
Data reveals about three-fourth of the traded shares on stock exchanges in the United States are through automated trading.
Through automated trading investors can easily enter or exit positions based on some pre defined conditions.
Automated Trading Benefits
Most traders today prefer automated trading as there are several benefits attached. Below are some of the important ones:
Emotions minimized
No emotions are attached in automated trading as orders are placed based on algorithms. It strictly follows the rules and traders cannot raise a question.
Backtesting
Viability determination becomes important in trading and this is perfectly possible with automated trading software.
One thing to add here is that the computer fails to make guesses and performs on set rules. With careful backtesting, investors can build up strategies
Preserving discipline
In automated trading discipline is preserved. In manual trading, discipline is lost and various factors are responsible including emotion. Hence, pilot error is minimised.
Speed
The first priority of automated trading is speed so that it can respond to market conditions immediately.
Diversifying trading
Traders are facilitated to trade more than one account simultaneously. This spreads the risk.
Automated Trading Drawbacks
A coin has two sides. Similarly, automated trading has some drawbacks. Below are some of the important ones to take note:
Mechanical failures
Automated trading relies on Internet and if the connection is lost trade cannot be reached to the server.
Monitoring
Even though automated trading is easy and fast, it requires monitoring to ensure smooth trading with things like Internet connectivity, no power loss during the trading hours, no computer crashes etc.
Keynote
Automated trading is popular with traders but there are certain factors to consider.
Automated trading software promises to build-up wealth but don’t believe get rich stories. Automated trading is not a get rich scheme and manual trading still has benefits. Algorithmic trading is not for beginners and less experience gives the potential to lose money.
It is strongly suggested traders should know all the ins and outs of automated trading before embracing it.
A preferred investment strategy needs to be figured out and it is important to know how much to risk with is dependent on each trader’s personal situation.
Automated Trading Verdict
Automated trading is appealing but still it cannot be considered as a substitute to manual trading.
It is suggested to keep monitoring the automated trading software. The system must be monitored to check everything is functioning smoothly, as it cannot go off during the trading hours.
Apart from this, automated trading is not effected by emotions and executing orders through this method is faster compared to manually executing trades.
We've collected thousands of datapoints and written a guide to help you find the best Automated 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 automated trading below. You can go straight to the broker list here.
Reputable Automated Trading Checklist
There are a number of important factors to consider when picking an online Automated Trading trading brokerage.
- Check your Automated Trading broker has a history of at least 2 years.
- Check your Automated Trading broker has a reasonable sized customer support of at least 15.
- Does the Automated Trading broker 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 Automated Trading broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your Automated Trading broker have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your Automated 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 Automated 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 Automated 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 Automated Trading of 2020 compared
Here are the top Automated Trading.
Compare Automated Trading min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are automated trading. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more automated trading that accept automated trading clients
| Broker |
IC Markets
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FP Markets
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Roboforex
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XTB
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City Index
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Pepperstone
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XM
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FXPrimus
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EasyMarkets
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paxforex
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ThinkMarkets
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| Rating | |||||||||||
| Regulation | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217 | International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) | Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) |
| Min Deposit | 200 | 100 | 1 | No minimum deposit | 25 | 200 | 5 | 100 | 100 | 10 | 250 |
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| Used By | 60,000+ | 10,000+ | 10,000+ | 200,000+ | 14,000+ | 10,000+ | 70,000+ | 10,000+ | 142,500+ | 350+ | 10,000+ |
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| Platforms | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | Web,iPad,mac,Desktop,iPhoneiOS | MT4, Mac, Web Trader, Tablet & Mobile apps |
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| Learn More |
Sign
Up with icmarkets |
Sign
Up with fpmarkets |
Sign
Up with roboforex |
Sign
Up with xtb |
Sign
Up with cityindex |
Sign
Up with pepperstone |
Sign
Up with xm |
Sign
Up with fxprimus |
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Up with easymarkets |
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Up with paxforex |
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Up with thinkmarkets |
| Risk Warning | 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. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 74% of retail investor accounts lose money when trading CFDs with this provider | 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 | Your capital is at risk | Losses can exceed deposits | Your capital is at risk | Your capital is at risk | Losses can exceed deposits |
| Demo |
IC Markets Demo |
FP Markets Demo |
Roboforex Demo |
XTB Demo |
City Index Demo |
Pepperstone Demo |
XM Demo |
FXPrimus Demo |
easyMarkets Demo |
PaxForex Demo |
ThinkMarkets Demo |
| Excluded Countries | 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 | US, JP, NZ | US, JP | US, IN, PK, BD, NG , ID, BE | US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW | BR, KR, IR, IQ, SY, JP, US | US, CA, IL, KR, IR, MM, CU, SD, SY | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US | AF, Yugoslavia, AO, GM, NG, AW, GH, KR, BY, GN, BO, GN, PK, BW, HT, PG, IR, PN Island, Burma MM, IQ, RW, KH, , SN, CF, JP, Sierra, Leone, TD, KG, SO, CI , LB, SZ, CU, LS, SY, of CG, LR, TJ, DJ, LY, Tanzania, EC, Laos, TG, ER, ML, TM, ET, MN, UG, Falkland Islands, NA, US of America, FJ, NI, YE, ZW |
All Automated trading in more detail
You can compare Automated 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 Automated Trading for 2020 article further below. You can see it now by clicking here
We have listed top Automated trading below.
Automated Trading Table of Contents
- Automated Trading Explained
- 6 Factors to Consider when Choosing Automated Trading
- Are Your Automated Trading Trusted And Established?
- Are The Automated Trading World Leading?
- What are the Automated Trading Commissions and Fees?
- What are the Automated Trading Funding and Withdrawl Methods?
- Find Automated Trading with Round-the-clock support?
- Make sure the Automated Trading Offer Comprehensive Trader resources?
- Why do Automated Trading need to be regulated?
- Automated Trading FAQ
- What are the best Automated trading brokers?
- What is the best Automated trading broker?
- Related Automated Trading Reviews
- Related Automated Trading Alternatives
- Related Automated Trading Comparisons
Automated Trading Explained
Trading the financial markets with Automated 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 Automated Trading is the platform that a Automated Trading offer.
Choose Automated Trading that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need Automated Trading that you can rely on.
6 Factors to Consider when Choosing Automated Trading
Follow these five rules for selecting a broker that's right for you:
Are Your Automated 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 Automated 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 Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
Another top rated broker is FP Markets.
FP Markets was established 2005, and in operation for 15 years FP Markets have a head office in Australia.
FP Markets is regulated. This means FP Markets are supervised by and is checked for conduct by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
| Broker |
IC Markets
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FP Markets
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Roboforex
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XTB
|
City Index
|
Pepperstone
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| Year Established | 2007 | 2005 | 2009 | 2002 | 1983 | 2010 |
| Head Office | Australia | Australia | Cyprus | Poland | UK | Australia |
| Regulation | Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Monetary Authority of Singapore (MAS) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F217 |
| Used By | 60,000+ | 10,000+ | 10,000+ | 200,000+ | 14,000+ | 10,000+ |
| Negative balance protection | Yes | Yes | No | Yes | Yes | Yes |
| Guaranteed Stop Loss | No | No | No | No | Yes | No |
| Learn More | Visit IC Markets | Visit FP Markets | Visit Roboforex | Visit XTB | Visit City Index | Visit Pepperstone |
| Risk Warning | 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. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 74% of retail investor accounts lose money when trading CFDs with this provider | 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 |
Are The Automated Trading World Leading?
Choose a broker that's at the forefront of innovation and generally considered an industry-leader. IC Markets Segregates clients funds and offers over 232 instruments. IC Markets offers both an online trading platform as well as a mobile platform giving clients easy access to markets.
In addition, IC Markets 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. 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 Trading is FP Markets . FP Markets Segregates clients funds and offers over 100 instruments.
| Broker |
IC Markets
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FP Markets
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Roboforex
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XTB
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City Index
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Pepperstone
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| Instruments Available | 232 | 100 | 100 | 1,500 | 12,500 | 100 |
| Platforms | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
| Excluded Countries | US | US, JP, NZ | US, JP | 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 | US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW | BR, KR, IR, IQ, SY, JP,US |
| Forex pairs offered | 65 | 60 | 35 | 50 | 100 | 70 |
| Forex pairs offered | 65 | 60 | 35 | 50 | 100 | 70 |
| 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 | No | Yes | Yes | Yes |
| Commodities Offered | 19 | 18 | 0 | 21 | 26 | 16 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | No | Yes | Yes | Yes |
| Agricultural | Yes | Yes | No | Yes | Yes | No |
| Stocks Offered | 100 | 10000 | 0 | 1696 | 4500 | 60 |
| UK Shares | No | Yes | No | Yes | Yes | No |
| US Shares | Yes | Yes | No | Yes | Yes | No |
| German Shares | Yes | Yes | No | Yes | Yes | Yes |
| Japanese Shares | Yes | Yes | No | Yes | Yes | No |
What are the Automated Trading Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Automated 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 Trading broker FP Markets offers Forex, CFDs. FP Markets minimum deposit is 100.
| Broker |
IC Markets
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FP Markets
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Roboforex
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XTB
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City Index
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Pepperstone
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| Min Deposit | 200 | 100 | 1 | 0 | 25 | 200 |
| Withdrawl Fees | No | No | Yes | varies | Varies | No |
| Inactivity Fees | No | No | No | No | Yes | Yes |
| Deposit Fees | Varies | Yes | No | No | Varies | No |
| CFD Commission Fees | Yes | Yes | No | Yes | 0.0015 | Yes |
What are the Automated Trading Funding and Withdrawal Methods?
When dealing with Automated Trading having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
IC Markets
|
FP Markets
|
Roboforex
|
XTB
|
City Index
|
Pepperstone
|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | Yes | No | Yes | Yes | Yes |
| Skrill | Yes | Yes | No | Yes | No | Yes |
| Payoneer | No | No | Yes | Yes | Yes | Yes |
| Neteller | Yes | Yes | Yes | Yes | No | Yes |
Find Automated Trading with Round-the-clock support?
Customer service is very important when dealing with Automated 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.
Automated Trading customer support 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
FP Markets support a wide range of languages including English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish,Indonesian, Thai, Malay, German, Vietnamese
IC Markets and FP Markets offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
IC Markets
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FP Markets
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Roboforex
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XTB
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City Index
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Pepperstone
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| Support |
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| Languages | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Spanish, Portuguese, Romanian, Bulgarian, Arabic, Russian, French, Italian, Greek, Philippines, Latvian, Polish,Indonesian, Thai, Malay, German, Vietnamese | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | English, Spanish, German, Arabic, Polish, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |
| Learn More | Visit IC Markets | Visit FP Markets | Visit Roboforex | Visit XTB | Visit City Index | Visit Pepperstone |
| Risk Warning | 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. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 74% of retail investor accounts lose money when trading CFDs with this provider | 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 |
Make sure the Automated 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, IC Markets and FP 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 Automated Trading need to be regulated?
A regulated Automated Trading broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
Automated 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.
Automated Trading List
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, IRESS, Mac, 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, Mac, 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, 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, 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, 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, MT5, Mac, 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, 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 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
Web,iPad,mac,Desktop,iPhoneiOSCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account