We found 11 online brokers that are appropriate for Trading Forex Robot.
Perhaps you have heard about success stories from people who have been using Forex robots to aid them in trading?
Do they really work?
Is it worth it to get one for your trading activity?
You will want to read this until the finish and then decide for yourself.
Forex robot can be defined as a Forex trading tool or app that automates all the trading decisions. The software is built by specific broker platforms. With conditional trading decisions coded by software developers.
The platforms can be one of these: eToro, Hinkorswim, Active Trader Pro, TT Platform, Moxy, Calypso Platform, MetaTrader, etc. But the most popular platform for retail traders is MetaTrader platform.
For most Forex traders who want a semi hands-off experience, a Forex robot is indeed a good option. Forex robots can trade day and night. With the high demands of automation in the trading world, there are also many companies coming to the market.
Beware of brokers offering get rich quick schemes that involve the forex robots.
You must be vigilant when seeing this kind of ads.
Their are many success stories revolving around Forex robots, but success is not guaranteed.
Forex Robot systems help manage risk. But of course, the role of the brokers is also an important aspect to consider. Trading robots are able to give you the signals making it easier for you to trade.
One distinct thing that a Forex robot has is that it can mitigate emotional decisions.
If you think that you want to get rid of the emotional strain of trading, a Forex robot can help you with that.
Forex robots have certain advantages.
Emotions can cloud your judgement. Have you ever heard the proverb, 'Human traders are never trade without fear, ego, and greed'.
These emotions are often unavoidable.
The bad news is that these emotions will get worse if you keep losing. On the other hand, your ego does not want you to admit the losses and switch to other strategies.
Forex robots do not have these flaws.
They don’t feel. They estimate the best decision given current data. The Forex robot does not go based on hunches. Rather, they move based on track records and past strategies in order to make appropriate trading decisions.
A Forex robot can predict the market fluctuations. The available tools can help secure better trading experiences with the aim of getting more profits than losses.
While some people can’t keep their hands off their smartphone screens, you can do it with the help of a Forex robot.
A Forex robot can help you to automate trading decisions 24/7. The Forex robot trader does not need to sleep, eat, or get involved with meetings or social gatherings.
The sole purpose of a Forex robot is to trade for 24 hours per day. This is something that humans cannot achieve.
No matter where you are, you can rest assured that you can trade in different time zones.
Experienced traders are indeed good at seeing opportunities. But since they are not online 24/7, they are prone to miss lots of good opportunities.
A Forex robot can identify unseen opportunities and reserve them on your behalf.
They will act when the opportunity is sensible based on pre-set parameters. You can imagine how great it would be when a Forex robot is helping you out in every trading session.
Forex robots can help you to do multiple actions. That means you can trade many currency pairs at the same time. With Forex robots, gone are the days when traders need to track currencies per screen. Forex robots can handle it.
Auto trading offered by Forex robots, this allows clients to overcome the limitations of time and speed. Because there is no emotion attached, the tool can maintain the level of consistency in carrying the appropriate trading plans.
Auto trading robots come from various developers. You will want to pick the best one so that you can earn.
Focus on Forex robot tools that have been back tested.
The tests on various currency pairs can reveal the real capability of specific robots.
The best Forex robot tools allow you to walk you through the results, when researching market conditions.
The other variables to check are the potential losses, wins, drawdown, and the ratios of rewards and the risks.
The experts must handle the back testing so that the result of the test will be unbiased.
That’s when you will need to see the list that we offer on this page. The other factor to consider is about the live trading results.
There are many providers who claim to have above 90% winning ratios. But you shouldn’t be tempted with this claim because it can be relative from one provider to another.
In reality, trading is a volatile activity.
The market is unpredictable. Even the smartest robot technology cannot precisely predict what will be happening in the future.
So, live trading results can give you more natural answers.
You can also see Forex robot proficiency by looking at the trustworthy reviews and testimonials that we provide in this guide.
We've collected thousands of datapoints and written a guide to help you find the 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 brokers 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 Brokers.
Compare Forex Robot Brokers min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are Forex robot brokers. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Forex robot brokers that accept Forex robot clients
Broker |
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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SpreadEx
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Rating | |||||||||||
Regulation | 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) | Financial Conduct Authority (FCA) |
Min Deposit | 200 | No minimum deposit | 100 | 1 | 1 | 100 | 200 | 100 | 5 | 100 | 1 |
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Used By | 60,000+ | 250,000+ | 10,000+ | 10,000+ | 14,000,000+ | 15,500+ | 10,000+ | 142,500+ | 70,000+ | 10,000+ | 10,000+ |
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Platforms | 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 | Web Trader, Tablet & Mobile apps |
Support |
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Learn More |
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Up with icmarkets |
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Up with xtb |
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Up with fpmarkets |
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Up with roboforex |
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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 |
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Up with spreadex |
Risk Warning | 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 | Losses can exceed deposits |
Demo |
IC Markets Demo |
XTB Demo |
FP Markets Demo |
Roboforex Demo |
Trading 212 Demo |
Plus500 Demo |
Pepperstone Demo |
easyMarkets Demo |
XM Demo |
FXPrimus Demo |
SpreadEx 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, 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. | US, TR |
You can compare Forex Robot 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 Forex Robot Brokers for 2021 article further below. You can see it now by clicking here
We have listed top Forex robot brokers below.