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 have conducted extensive research and analysis on over multiple data points on Automatic Forex Trading to present you with a comprehensive guide that can help you find the most suitable Automatic Forex Trading. Below is a list of what we consider to be the best Automatic Forex trading brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Automatic Forex Trading.
Selecting a reliable and reputable online Automatic 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 Automatic Forex Trading more confidently.
Selecting the right online Automatic Forex Trading trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Automatic Forex trading trading, it's essential to compare the different options available to you. Our Automatic Forex trading brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Automatic Forex trading broker that best suits your needs and preferences for Automatic Forex trading. Our Automatic Forex trading broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Automatic Forex Trading Brokers.
Compare Automatic Forex trading brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Automatic Forex trading broker, it's crucial to compare several factors to choose the right one for your Automatic Forex trading needs. Our comparison tool allows you to compare the essential features 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.
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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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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 |
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Up with roboforex |
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Up with pepperstone |
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Up with xm |
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Up with avatrade |
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Up with xtb |
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Up with etoro |
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Up with nordfx |
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Up with trading212 |
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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 |
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 2023 article further below. You can see it now by clicking here
We have listed top Automatic Forex trading brokers below.
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.