We found 11 online brokers that are appropriate for Trading Automatic Forex Trading.
If you have been around the Forex world, you might have come across automatic Forex trading also known as Forex robots. Forex robots conduct the repetitive cash based on the automatic analytic. Long-term FX trading rely on the technical-based analysis.
When it comes to the short term, the Forex robots or automatic Forex trading brings more great significance to the doers of the Forex trading. Right before getting involved you will need to know the basics.
Automatic Forex trading is known under different terms: including the Forex robots or bots. It is software which procures signal trading through complex algorithms which utilize financial tools and indicators.
Some automatic Forex trading software comes with simple signals that beginners can easily understand. Not all software is the same, the point is that a big part of the trading is handled by this software.
We should not neglect the fact of the ease of using automatic Forex trading software. All the hard work is covered well.
There are takeaways and risks traders must comprehend. All in all, for some traders who have just begun, automatic Forex trading software can help them right from the start.
If we are talking about the best Forex automation software in the world, we are not far away from MetaTrader 4 or MT4. MT4 hosts the Forex robots called Expert Advisors experienced traders usually call them EAs.
In this case, the EAs role is clear, transmitting the trading signals which can be used by the traders to take an appropriate action.
Inside the EAs, the software uses the technical indicators and custom scripts to produce the trading signals and execute the actions based on the pre-set.
Experts can write the codes of EAs and install them directly to the trading platform. The programming language used for writing the EAs code is called the MetaQuotes Language v.4 or MQL4.
Because all parties can write the code themselves, it is not surprising that there is a condition where the traders and programmers are offering the EAs in the market. When you browse around the net and type your keyword as automatic Forex trading, you will be able to find a lot of EAs offered by different platforms and brokers.
This Forex robot has the robust capability in scanning the charts. The robots use the technical indicators for their actions and thanks to this technical indicator, this can pinpoint the trading opportunities in the form of information. After finding out the real opportunities in the market, the robot will send the trading signals to the trader.
Depending on how the traders are using the robot, it can be automatic or semi-automatic in the execution. The robot could act on the traders behalf, or open the position according to the programmed actions set before the placement.
In understanding the limits of the robot or EAs. It is important to understand that the automatic trading software is only prevalent in a tight range. The good thing here is that it can react quickly according to the trend and it can even help you make a profit while you are sleeping.
Auto Forex trading is available on a few pips. It is profitable for those who are fond of hands-off experience. But one should understand the risks hiding in the environment. We should not overlook the volatility of the Forex market. The price swings can make a huge differenceand if there is a large price change, it could potentially harm your profits.
Negative trends are the real deal for automatic Forex trading. The negative movement and trends can be the real challenges for auto trading.
It is also crucial to comprehend the risks of the market sentiments. Not all robots can read this.
You might wonder if this really works. Well in fact, it can be better than hiring professional brokers if you do not want to spend hours testing the water, profit losing, and finding out the strategy for yourself.
The programmers have done the hard job to make the best automation software possible. The number of variables is also there. So, even if you are a beginner, you should cover all of the basics before proceeding.
The Forex robots if handled with the appropriate party can deliver the desired results, rather you could take the time to conduct your extensive research to find the best Forex platforms with the Forex robot out there.
Although it can bring you big profits, it is still not conducive to trust it 100%. You will need to use your own discretion when using the software.
We've collected thousands of datapoints and written a guide to help you find the best Automatic Forex 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 Automatic Forex trading brokers below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Automatic Forex 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 Automatic Forex Trading Brokers.
Compare Automatic Forex Trading Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are Automatic Forex trading brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Automatic Forex trading brokers that accept Automatic Forex trading clients
Broker |
eToro
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IC Markets
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XTB
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FP Markets
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Roboforex
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Trading212
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Plus500
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Pepperstone
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EasyMarkets
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XM
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FXPrimus
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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), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | 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), Australian Securities and Investments Commission (ASIC) | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) |
Min Deposit | 200 | 200 | No minimum deposit | 100 | 1 | 1 | 100 | 200 | 100 | 5 | 100 |
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Used By | 17,000,000+ | 60,000+ | 250,000+ | 10,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with trading212 |
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Up with plus500 |
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Up with pepperstone |
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Up with easymarkets |
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Up with xm |
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Up with fxprimus |
Risk Warning | 71% of retail investor accounts lose money when trading CFDs with this provider. | Losses can exceed deposits | 82% 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 | 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. | 76.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | 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 | Your capital is at risk | Your capital is at risk | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
FP Markets Demo |
Roboforex Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus 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 | US, IN, PK, BD, NG , ID, BE | US, JP, NZ | US, JP | US | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | BR, KR, IR, IQ, SY, JP, US | 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. |
You can compare Automatic 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 Automatic Forex Trading Brokers for 2021 article further below. You can see it now by clicking here
We have listed top Automatic Forex trading brokers below.