We found 11 online brokers that are appropriate for Trading Forex Robot.
Which are the best Forex robots? This could very well be one of the primary questions for many beginners in the currency market. In this article, we will try to discuss some of the best Forex robots, and look at some of the positive aspects that can help traders differentiate among software.
It is important to know that the top-level 'Best Forex Robots' space is currently dominated by some 'rogue providers' who make false promises to get unverifiable and unrealistic results. This is the reason that some in-depth research is required before selecting a robot and spending the money to buy one.
Forex robots are 'algorithm-based software' that automatically place trades on the behalf of a trader. They are built by experienced traders and mostly use 'what-if' algorithms. This means, the conditions that are expected to be met are placed in the software, and then the algorithms decide when to take action on trades. Theoretically, the robots work 24/7, and they are programmed in such a way as to, 'buy EUR/USD if the RSI is found to be above 30', or to 'scalp the currency pair during the weekend to benefit from lower trading volume'.
The best Forex robots strive to generate profits on their own; and hence, the software has recently become popular among traders of all shapes and sizes.
The work of some of the best Forex robots is challenging, as the robots need to understand the underlying fundamentals of trading. Many traders believe it is, 'just a click of a button away' and they can start earning profits automatically. However, the process is not easy, and there is a risk of losing hard-earned money. It is important to fully understand the basics of the process and then take the plunge.
It is not easy to pick the best Forex robots. Fortunately, it is not too difficult either. The first factor to consider is, only buy software from a legitimate provider. Secondly, know whether the algorithms mirror the trading objectives of the trader. Know the 'proven win rate'! If the win rate of the robot is more than the loss rate, it may be worth purchasing.
More than all these, it is important to learn the level of automation provided by the robot. It should be 100 percent automated. There should not be a need for entering the positions manually.
It is important to know if 'required currency pairs' are offered. It is not enough to just consider how many pairs are being offered; but specifically, whether the 'desired pairs' are being offered.
Price is a another big factor to consider when buying one of the best Forex robots. They should not be tagged unreasonably high. Many make the mistake of believing that the best robots cost the most money. It is possible that even lower-priced robots could perform better than the most expensive ones. However, this opinion may differ across traders, based on personal choice.
Lastly, user reviews are an invaluable tool. Following the feedback of others can work well as a guide to puchasing a particular robot or not. To be sure, this task may be time-consuming, because the total number of reviews and feedback is in the hundreds, if not thousands.
Below are some of the best Forex robots, but the list may differ across traders. This is offered as guidance only. Please have a look:
This is one of the best Forex robots in the United Kingdom. It is fully-automated and highly popular. The UK-based software comes with free educational resources, and costs just 25 pounds a month.
'BitQT' is well known for offering lifetime support. It boasts more than 75,000 users. It facilitates withdrawing money at any time. It claims 99.4 percent accuracy. And, all this for only 250 pounds as an initial deposit.
It is claimed that the win rate of the 'GPS Forex' robot is 98 percent. This is an extraordinary claim, offering an almost guaranteed profit from trades. The software is 100 percent automated and costs a mere $149 one-time fee.
Launched in 2017, the 'FX Master Bot' offers trading in seventeen currency pairs, including trading of cryptocurrencies. A trader can choose either a fully automated or semi-automated service, for a charge of only 250 pounds as an initial deposit.
We just talked about some of the best Forex robots available in the United Kingdom market. Other lists may differ, but these are the most popular. Traders are suggested to look into the robot that is required. Reading reviews, following feedback, comparing costs, and the number of currencies offered are some of the basic factors to consider when choosing one of the best Forex robots for all your Forex trading needs.
Beginners are suggested to spend time learning the basics of robot algorithms first, before spending money on them. If the basics are learned, profit can be earned.
We've collected thousands of datapoints and written a guide to help you find the best Best Forex Robots 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 Forex robot below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Forex Robot 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 Forex Robot.
Compare Forex Robot min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are Forex robot. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Forex robot that accept Forex robot clients
Broker |
eToro
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IC Markets
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XTB
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FP Markets
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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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SpreadEx
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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) | 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) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | 200 | No minimum deposit | 100 | 1 | 100 | 200 | 100 | 5 | 100 | 1 |
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Used By | 17,000,000+ | 60,000+ | 250,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ | 10,000+ | 10,000+ |
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Platforms | Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, 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 | Web Trader, Tablet & Mobile apps |
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Learn More |
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Up with spreadex |
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 | 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 | Losses can exceed deposits |
Demo |
eToro Demo |
IC Markets Demo |
XTB Demo |
FP Markets Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus Demo |
SpreadEx 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 | 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. | US, TR |
You can compare Forex Robot ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
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