Forex Backtesting for 2024
We found 11 online brokers that are appropriate for Trading Forex Backtesting Investment Platforms.
Forex Backtesting Guide
Analysis by Andrew Blumer, Updated Last updated - April 22, 2024
Forex Backtesting
Forex backtesting is an experimental trading technique whereby traders apply past real-time data to examine how an individual trading system would have performed. The technical description of a backtesting program is a collection of statistical rules applied to real-time price information and the resulting analysis of these. In trading, backtesting can refer to mathematically analysing market behaviour and analysing a trading system's effectiveness based upon successful trades from real-time data. Some people believe that backtesting and fundamental analysis complement each other and help find profitable trades.
Many Forex trading strategies and systems use backtesting strategies in one form or another. They all have one inherent purpose: reducing risk and improving the efficiency and effectiveness of a particular system. The most popular method for applying backtesting software is through the use of demo accounts. Traders use these demo accounts to understand how different strategies or systems work in the Forex market without risking any real money.
To start trading successfully, you need to be able to adopt several different strategies. Most experienced traders will already have many tried and tested tactics at their disposal. The best ones are often the ones that perform well under specific market conditions. For instance, a trader might make good profits on small, regular gains in their demo account, but when they start trading with real money, they will experience something entirely different. It means that traders will need to learn to adopt various strategies based on their own personality, experience and knowledge. Backtesting can often show you what works and where you need to improve before you start trading regularly.
How Do You Backtest Forex?
Several Forex trading platforms will allow you to backtest your strategies. Backtesting can be conducted using the trading tools in your broker platform. These trading tools have been created through numerous studies. They are designed to help traders analyse trends to generate profits consistently while also minimising your risks. While it is true that there are lots of backtesting software packages able to produce good results, use a tool with a proven history of consistently good results from only highly regulated trading platforms.
When conducting a backtested Forex trading strategy, you should be aware of several important factors. These include but are not limited to the number of time frames available for trading, the maximum amount of time invested in each trading session, and the average maximum amount of profit obtained over time. Ideally, you should only trade currency pairs that you are comfortable trading. For instance, if a trader is comfortable trading Forex pairs such as the USD/JPY or the AUS/EUR, depending on which economic news happens first, they might want to focus their attention on these currency pairs when performing their trading backtests. Other traders may be more comfortable trading on major world currencies such as the USD/CHF or the AUS/EUR depending on their personal preferences and how they see the economy developing in the future.
The maximum amount of time spent on each trade is also important since you want to maximise your returns. The lower your risk, the higher your profits should be, but this is not always possible since time frames can potentially influence the results of your trades in unforeseen ways. To effectively use backtesting in your Forex trading strategy, you should try to discover as much as possible about the various time frames and use the data you find to guide your trades. Some traders who have performed significant backtesting results have achieved success in 50% or more by using the information they have accumulated from their backtesting and implementing it into their daily Forex trading routine.
How To Backtest A Trading Strategy
Backtesting refers to testing your trading technique on actual historical data instead of putting it into a live trading account. Backtesting is an indicator of market behaviour that tells you how different your strategy will perform in different market conditions. Traders often rely on backtesting to estimate their long-term performance in Forex markets. They use this information to adjust their strategy to maximise profits.
While it may seem difficult or time-consuming to learn how to backtest a Forex trading system, it is a relatively simple process if you follow the right steps. The most important step is to find a reliable testing platform, such as Metatrader or Pro Forex. Then you download the backtesting scripts, install them on your computer and let them run overnight. After analysing the data in your trading view the following day, you can stick to your plan and continue trading if you notice a positive result.
How Do You Backtest A Stock Trading Strategy?
Backtesting is simply the act of using past results to predict future results using current information. In other words, all you are doing is applying known quantities to known outcomes to generate statistical probabilities. Backtested Forex trading systems can greatly reduce the margin of error in your trade by implementing backtesting whenever possible.
You backtest by practising a trade on a dummy Forex account using real-time quotes. You do not trade the strategy itself; instead, you let the backtest simulate successful Forex trades to see if the strategies actual return brings the trader close to or surpasses its initial investment. When trading currencies, you should be concerned with price action and how it affects other areas of your trade. Backtesting with real-time quotes provides the most accurate representation of these aspects of Forex since you can observe both the direct and the implied impact of price changes across the various charts and indicators.
Since backtesting allows you to evaluate multiple strategies simultaneously, there is no need to sacrifice efficiency to observe large amounts of data. Many traders have reported that they could reach very high win rates by allowing their Forex strategies to backtest for several weeks. By carefully analysing small price movements over extended periods, the human mind can create similar results to what would occur in the absence of Forex trends, which often guarantee future success.
We have conducted extensive research and analysis on over multiple data points on Forex Backtesting to present you with a comprehensive guide that can help you find the most suitable Forex Backtesting. Below we shortlist what we think are the best Forex Backtesting Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Forex Backtesting.
Reputable Forex Backtesting Checklist
Selecting a reliable and reputable online Forex Backtesting Investment Platforms 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 Forex Backtesting Investment Platforms more confidently.
Selecting the right online Forex Backtesting Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
- Ensure your chosen Forex Backtesting Investment Platforms broker has a solid track record of at least two years in the industry.
- Verify that the Forex Backtesting Investment Platforms broker has a customer support team of at least 15 members responsive to queries and concerns.
- Check if the Forex Backtesting Investment Platforms 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 Forex Backtesting Investment Platforms broker can process deposits and withdrawals within two to three days, which is crucial when you need to access your funds quickly.
- Look for Forex Backtesting Investment Platforms brokers with an international presence in multiple countries, offering its clients local seminars and training programs.
- Ensure the Forex Backtesting Investment Platforms 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 Forex Backtesting Investment Platforms in Our Brokerage Comparison Table
When choosing a broker for Forex Backtesting Investment Platforms trading, it's essential to compare the different options available to you. Our Forex Backtesting Investment Platforms 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 Forex Backtesting Investment Platforms broker.
- The funding methods available for Forex Backtesting Investment Platforms with each broker.
- The types of instruments you can trade with each Forex Backtesting Investment Platforms broker, such as forex, stocks, commodities, and indices.
- The trading platforms each Forex Backtesting Investment Platforms broker provides, including their features, ease of use, and compatibility with your devices.
- The spread type (if applicable) for each Forex Backtesting Investment Platforms broker affects the cost of trading.
- The level of customer support each Forex Backtesting Investment Platforms broker offers, including their availability, responsiveness, and quality of service.
- Whether each Forex Backtesting Investment Platforms broker offers Micro, Standard, VIP, or Islamic accounts to suit your trading style and preferences.
By comparing these essential features, you can choose a Forex Backtesting Investment Platforms broker that best suits your needs and preferences for Forex Backtesting Investment Platforms. Our Forex Backtesting Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Top 15 Forex Backtesting Investment Platforms of 2024 compared
Here are the top Forex Backtesting Investment Platforms.
Compare Forex Backtesting Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Forex Backtesting Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Forex Backtesting Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Forex Backtesting Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Forex Backtesting Investment Platforms that accept Forex Backtesting Investment Platforms clients.
| Broker |
IC Markets
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Roboforex
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eToro
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XTB
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XM
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Pepperstone
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AvaTrade
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FP Markets
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EasyMarkets
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SpreadEx
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FXPro
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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 | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | 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) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | 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 | 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 | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
| Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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| Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
| Benefits |
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| Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
| Support |
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| Learn More |
Sign
Up with icmarkets |
Sign
Up with roboforex |
Sign
Up with etoro |
Sign
Up with xtb |
Sign
Up with xm |
Sign
Up with pepperstone |
Sign
Up with avatrade |
Sign
Up with fpmarkets |
Sign
Up with easymarkets |
Sign
Up with spreadex |
Sign
Up with fxpro |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
| Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
| Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | 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, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, 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, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | 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 | US, TR | US, CA, IR |
All Forex Backtesting Investment Platforms in more detail
You can compare Forex Backtesting Investment Platforms 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 Forex Backtesting Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Forex Backtesting Investment Platforms below.
Forex Backtesting Table of Contents
- Forex Backtesting Explained
- 6 Factors to Consider when Choosing Forex Backtesting
- Are Your Forex Backtesting Trusted And Established?
- Are The Forex Backtesting World Leading?
- What are the Forex Backtesting Commissions and Fees?
- What are the Forex Backtesting Funding and Withdrawl Methods?
- Find Forex Backtesting with Round-the-clock support?
- Make sure the Forex Backtesting Offer Comprehensive Trader resources?
- Why Forex Backtesting needs to be regulated?
- Forex Backtesting FAQ
- What are the best Forex Backtesting Investment Platforms brokers?
- What is the best Forex Backtesting Investment Platform broker?
- Related Forex Backtesting Reviews
- Related Forex Backtesting Alternatives
- Related Forex Backtesting Comparisons
Forex Backtesting Explained
Trading volatile financial markets with Forex Backtesting can be challenging, even for experienced traders. In addition to the online educational resources available, traders should consider the platform offered by Forex Backtesting to ensure a successful trading experience.
Selecting Forex Backtesting 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 Forex Backtesting markets effectively.
Reliability is key to gaining access to financial markets. Look for Forex Backtesting that you can rely on to provide a stable and secure trading environment, allowing you to execute trades with Forex Backtesting confidently.
6 Factors to Consider when Choosing Forex Backtesting
Follow these five rules for selecting Forex Backtesting that are right for you:
Are Your Forex Backtesting Trusted And Established?
Search for a reputable Forex Backtesting with a extensive proven track record for Forex Backtesting, enabling you to focus solely on implementing your trading strategy and navigating the markets with confidence. The top rated Forex Backtesting 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
|
Roboforex
|
eToro
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
|---|---|---|---|---|---|---|---|---|
| Year Established | 2007 | 2009 | 2007 | 2002 | 2009 | 2010 | 2006 | 2005 |
| Head Office | Australia | Belize | Cyprus, UK | Poland | Cyprus | Australia | Ireland | Australia |
| 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 | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | 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) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | 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 | 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 | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) |
| Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ |
| Negative balance protection | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Guaranteed Stop Loss | No | No | No | No | No | No | No | No |
| Learn More | Visit IC Markets | Visit Roboforex | Visit eToro | Visit XTB | Visit XM | Visit Pepperstone | Visit AvaTrade | Visit FP Markets |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits |
Are The Forex Backtesting World Leading?
Opt for Forex Backtesting 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 Forex Backtesting is Roboforex. Roboforex Segregates clients funds and offers over 100 instruments.
| Broker |
IC Markets
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Roboforex
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eToro
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XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
|---|---|---|---|---|---|---|---|---|
| Instruments Available | 2250 | 100 | 5000 | 5600 | 1000 | 1200 | 1250 | 290 |
| Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, cTrader, IRESS, Mac, Web Trader, Tablet & Mobile apps |
| Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | 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, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MG, MK, MO, UA, JO, KR, | 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, CA, IL, IR | AF, AS, AQ, 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, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ |
| Forex pairs offered | 61 | 35 | 50 | 57 | 55 | 70 | 55 | 70 |
| Forex pairs offered | 61 | 35 | 50 | 57 | 55 | 70 | 55 | 70 |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Cryptocurrencies (availability subject to regulation) | Yes | No | Yes | No | No | Yes | Yes | Yes |
| Commodities Offered | 20 | 21 | 31 | 21 | 15 | 16 | 17 | 18 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | No | Yes | Yes | Yes | Yes | Yes | Yes |
| Agricultural | Yes | No | Yes | Yes | No | Yes | Yes | Yes |
| Stocks Offered | 2100 | 0 | 2042 | 1696 | 160 | 1100 | 1000 | 10000 |
| UK Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| US Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| German Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Japanese Shares | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
What are the Forex Backtesting Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Forex Backtesting broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
Another top rated Forex Backtesting 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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eToro
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XTB
|
XM
|
Pepperstone
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AvaTrade
|
FP Markets
|
|---|---|---|---|---|---|---|---|---|
| Min Deposit | 200 | 10 | 100 | 0 | 5 | 200 | 100 | 100 |
| Withdrawl Fees | No | Yes | Yes | varies | No | No | No | No |
| Inactivity Fees | No | No | Yes | Yes | Yes | No | No | No |
| Deposit Fees | Varies | No | No | No | No | No | No | Yes |
| CFD Commission Fees | Yes | No | Yes | Yes | No | Yes | No | Yes |
What are the Forex Backtesting Funding and Withdrawal Methods?
Efficient and hassle-free funding and withdrawal facilities can significantly improve your overall trading experience when dealing with Forex Backtesting. It streamlines the trading process and helps you focus on making informed decisions rather than worrying about deposit and withdrawal matters with Forex Backtesting.
| Broker |
IC Markets
|
Roboforex
|
eToro
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
|---|---|---|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | No | Yes | Yes | No | Yes | Yes | Yes |
| Skrill | Yes | No | Yes | Yes | No | Yes | No | Yes |
| Payoneer | No | Yes | No | Yes | No | Yes | Yes | No |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Find Forex Backtesting with Round-the-clock support?
Effective customer service is an essential factor to consider when dealing with Forex Backtesting.
Forex Backtesting 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 Forex Backtesting 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
|
eToro
|
XTB
|
XM
|
Pepperstone
|
AvaTrade
|
FP Markets
|
|---|---|---|---|---|---|---|---|---|
| Support |
|
|
|
|
|
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| 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, German, Spanish, French, Italian | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish | English, Spanish, Portuguese, Thai, Russian, Italian, French, German, Polish, Chinese, Vietnamese, and Arabic | 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, Arabic, Indonesian, Italian, Spanish, French, Russian, Chinese, Japanese, German, Portuguese, Thai, French, Malay, Greek, Vietnamese, Romanian, Turkish, Slovenian, Dutch, Polish, Finnish, Norwegian, Swedish, Serbian, Lithuanian, Hungarian, Galician, Estonian, Danish, Czech, Croatian, Bulgarian, Basque |
| Learn More | Visit IC Markets | Visit Roboforex | Visit eToro | Visit XTB | Visit XM | Visit Pepperstone | Visit AvaTrade | Visit FP Markets |
| Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits |
Make sure the Forex Backtesting Offer Comprehensive Trader resources?
It's important to ensure your Forex Backtesting 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 Forex Backtesting. 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 Forex Backtesting.
Why Forex Backtesting needs to be regulated?
Regulated Forex Backtesting lowers your risk of loss of deposited trading funds.
Lowering your risk is one of the benefits of working with a properly regulated Forex Backtesting.
Consumers are protected by Forex Backtesting regulation, critical to preventing inadequate services and potential financial harm.
Regulation of Forex Backtesting is necessary to prevent fraud. The Forex Backtesting working capital and client-funded accounts must be kept separate to avoid conducting business with client funds. Any fraudulent behaviour with Forex Backtesting is monitored by financial regulators in the jurisdictions brokers are allowed to operate.
Forex Backtesting 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, 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. 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.
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.
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
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, Mirror Trader, 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, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account XM Swap-Free account (XM Ultra Low 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
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, MT5, cTrader, 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, TradingView, 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, cTrader, 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
Losses can exceed deposits