Best Forex Robots Guide
Updated December 04, 2021
Forex Robots
Forex Robots are electronic Forex trading systems designed to make trading easier for a Forex trader. The automated trading strategy, a smaller subset of algorithmic trading, utilises a pre-set computer software to make buy-and-sell decisions, automatically submits these decisions to an exchange or market centre, and then makes trades on your behalf. These Forex Robots run on programmed code and allows the ability to trade with automation as often as you wish. You will be able to spend more time on other things by using automation when Forex trading, such as actually living your life and making your family happy! Forex robots have revolutionised Forex trading and changed the way traders interact with each other; it has made the Forex trading experience fun and exciting while at the same time reducing the number of human errors that can occur.
Forex trading can be dangerous and rewarding, but like any investment, there are a lot of different kinds of Forex robots and Forex scams that are out there, so you need to be careful when choosing one. There are a few things to look for to ensure you are getting a quality Forex robot. Avoid Forex scams by avoiding sites that promise too much (you don't want to pay thousands for an overly complicated robot). Instead, go for sites that offer free trials or demo accounts. This allows you to test the robot first hand and find out if it is as effective as its makers claim.
What Is A Forex Trading Robot?
A Forex trading robot is an easy (or more complex) software program that automatically monitors the foreign exchange market via various mathematical algorithms, locates good profitable opportunities for trading, identifies those opportunities, identifies a profitable trading strategy and places orders with a broker on your behalf. All you've got to do is download them to your online trading platform as an addition, install them, and then you're done. Of course, they won't do it for you perfectly, nor will they do everything for you perfectly. They simply don't have the knowledge and experience necessary in order to be as good at choosing profitable trading opportunities as an experienced trader.
Forex robots also use signals and alerts to help them identify profitable trades. Forex signals or 'signals' are actually sets of graphical indications (for example: red if you should get out of a trade), which gives traders and Forex robots an indication as to whether or not it's a good time to enter or exit a trade. For instance, if you see a signal saying that EURUSD is going to go up against the USD, this means that EURUSD is likely to go up in value against the USD, and therefore this suggests that you might make money by entering into a EURUSD trade. However, if you see the signal for USDUSD going down against the EURUSD, this means that EURUSD is going to go down in value against the USD, so this suggests that you might lose money by entering into a EURUSD trade.
Forex robots help investors make trades over the foreign exchange market. These trades are made based on pre-set and pre-configured strategies. These strategies are specifically designed to help investors make trades based on the current trends and market conditions in specific currency pairs. The best robots provide clients with signals and options that can be used to track the movement of the currency pairs in the Forex market. To maximise your profits and minimise your losses, it is advisable to get a Forex robot.
Understanding Forex Trading Robots
The problem with trading without the emotion of thought is that you have no idea if you will actually make money or lose it. The same is true of Forex trading robots. These robots do not have the same emotions that human traders have, so they cannot possibly be as emotional as humans. As a result, they cannot possibly fail to make money for their owners.
In order to understand the psychology of trading robots, it is necessary to look at the way that they operate. Basically, they are designed so that there is less risk involved in trading. Instead of relying on human emotion, which is capricious and unpredictable, a trading robot begins its trading process with an aggressive strategy. This is designed to increase the chance of making a profit much more quickly than a trader would if they were still human. Also, since Forex robots work with multiple trading accounts, if one account goes bad, they can simply be transferred to a new account and continue trading.
Developing Your Own Forex Trading Robot
If you are in the Forex market and are looking for ways of developing your own Forex trading robot, look no further than the internet. There are many sources that can be found on the internet that will teach you how to create your very own Forex robot. These programs are not intended to replace traders or even experienced traders but rather to be a simple way for anyone to make some money. You should, however, understand that while it is possible to find these programs online for free, they are not created equally, as most are full of harmful viruses that can harm your computer.
The best way to find the right program for you is to test it before you buy. I would advise you do this by downloading the program onto your computer and testing it. There are many more review websites out there that can give you unbiased reviews on different programs. However, you must be sure to read these reviews honestly. This will allow you to eliminate the fake reviews that just want to sell you a Forex robot that will never work.
A Forex trading robot is invaluable to any investor. They save you a ton of time and make investing in the foreign exchange market a lot easier. You can get started with trading today. All you have to do is research a program that fits your personality. When you have a little experience under your belt, you can turn around and start trading full time in a few months.
Forex Trading Strategy
Forex trading with robots is a software script that automatically actions a pre-set Forex trading strategy for you or one which is specifically recommended, devoid of being affected by human emotions. This approach disregards emotions and takes into consideration the factors of a successful strategy, which decides when to invest, how much to put on a particular trade, and when to get out of it. In a sense, this Forex Strategy Robot is a guide or a manual, but it does all of the work for you. It's basically an autopilot program that completely takes over your Forex trading.
Forex robots are now making inroads into the Forex trading community as well, though they still face a long way to go. Human emotion plays a part in some trades, which means some robots might underperform in some periods while all the while making profits in other times. Forex strategies, in general, are more complicated than stock market strategies. They involve lots of numbers and mathematical calculations, which can lead to mistakes. While some human strategies have no room for error, in the case of foreign currency exchange, the risk of human error is too high and more robots are left with no choice but to underperform.
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 Robots Explained
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.
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.
The Perks Of Forex Robots
Forex robots have certain advantages.
There is no emotions attached
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.
Forex Robots Come With Helpful Features
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.
Trading Around The Clock
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.
Forex Robots Can Spot Unseen Opportunities
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.
Multi-tasking
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.
Choosing Forex Robots
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 should not be tempted with this claims like this. Beware of scams.
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.
Reputable Forex Robots Checklist
There are a number of important factors to consider when picking an online Forex Robot trading brokerage.
- Check your Forex Robot broker has a history of at least 2 years.
- Check your Forex Robot broker has a reasonable sized customer support of at least 15.
- Does the Forex Robot broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Check your Forex Robot broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Does your Forex Robot broker have an international presence in multiple countries. This includes local seminar presentations and training.
- Make sure your Forex Robot can hire people from various locations in the world who can better communicate 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.
Our brokerage comparison table below allows you to compare the below features for brokers offering Forex Robot Brokers.
We compare these features to make it easier for you to make a more informed choice.
- Minimum deposit to open an account.
- Available funding methods for the below Forex Robot Brokers.
- What you are able to trade with each brokerage.
- Trading Platforms offered by these brokers.
- Spread type (if applicable) for each brokerage.
- Customer support levels offered.
- We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.
Top 15 Forex Robot Brokers of 2021 compared
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 |
XTB
|
IC Markets
|
AvaTrade
|
Roboforex
|
Pepperstone
|
XM
|
FP Markets
|
Plus500
|
FXPrimus
|
EasyMarkets
|
Trading212
|
| Rating | |||||||||||
| Regulation | 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), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Central Bank of Ireland, 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) | Cyprus Securities and Exchange Commission (CySEC) | 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 | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | 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 | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) |
| Min Deposit | No minimum deposit | 200 | 100 | 1 | 200 | 5 | 100 | 100 | 100 | 100 | 1 |
| Funding |
|
|
|
|
|
|
|
|
|
|
|
| Used By | 250,000+ | 180,000+ | 300,000+ | 10,000+ | 89,000+ | 3,500,000+ | 10,000+ | 15,500+ | 10,000+ | 142,500+ | 15,000,000+ |
| Benefits |
|
|
|
|
|
|
|
|
|
|
|
| Accounts |
|
|
|
|
|
|
|
|
|
|
|
| Spreads |
|
|
|
|
|
|
|
|
|
|
|
| Platforms | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
| Support |
|
|
|
|
|
|
|
|
|
|
|
| Learn More |
Sign
Up with xtb |
Sign
Up with icmarkets |
Sign
Up with avatrade |
Sign
Up with roboforex |
Sign
Up with pepperstone |
Sign
Up with xm |
Sign
Up with fpmarkets |
Sign
Up with plus500 |
Sign
Up with fxprimus |
Sign
Up with easymarkets |
Sign
Up with trading212 |
| Risk Warning | 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. | Losses can exceed deposits | 71% 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. 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 | Losses can exceed deposits | 72% 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. | Losses can exceed deposits | Your capital is at risk | 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. |
| Demo |
XTB Demo |
IC Markets Demo |
AvaTrade Demo |
Roboforex Demo |
Pepperstone Demo |
XM Demo |
FP Markets Demo |
Plus500 Demo |
FXPrimus Demo |
easyMarkets Demo |
Trading 212 Demo |
| Excluded Countries | US, IN, PK, BD, NG , ID, BE, AU | 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 | BE, BR, KP, NZ, TR, US, CA, SG | US, JP | BR, KR, IR, IQ, SY, JP, US | US, CA, IL, KR, IR, MM, CU, SD, SY | US, JP, NZ | MY, BE, US, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO, AE | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US | US, CA |
All Forex robot brokers in more detail
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.
Forex Robots Table of Contents
- Forex Robots Explained
- 6 Factors to Consider when Choosing Forex Robots
- Are Your Forex Robots Trusted And Established?
- Are The Forex Robots World Leading?
- What are the Forex Robots Commissions and Fees?
- What are the Forex Robots Funding and Withdrawl Methods?
- Find Forex Robots with Round-the-clock support?
- Make sure the Forex Robots Offer Comprehensive Trader resources?
- Why Forex Robots needs to be regulated?
- Forex Robots FAQ
- What are the best Forex robot brokers?
- What is the best Forex robot broker?
- Related Forex Robots Reviews
- Related Forex Robots Alternatives
- Related Forex Robots Comparisons
Forex Robots Explained
Trading the financial markets with Forex Robots when conditions are volatile can be difficult, even for experienced traders.
Apart from the educational and other resources made available online, another important factor for traders to consider when looking for Forex Robots is the platform that a Forex Robots offer.
Choose Forex Robots that's at the forefront of innovation and generally considered an industry-leader.
To gain access to the financial markets, you'll need Forex Robots that you can rely on.
6 Factors to Consider when Choosing Forex Robots
Follow these five rules for selecting a broker that's right for you:
Are Your Forex Robots Trusted And Established?
Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated Forex Robots broker is XTB. Established in 2002, and in operation for 16 years XTB have a head office in Poland.
XTB is regulated. This means XTB are supervised by and is checked for conduct by 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), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa regulatory bodies.
Another top rated broker is IC Markets.
IC Markets was established 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 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), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa regulatory bodies.
| Broker |
XTB
|
IC Markets
|
AvaTrade
|
Roboforex
|
Pepperstone
|
XM
|
| Year Established | 2002 | 2007 | 2006 | 2009 | 2010 | 2009 |
| Head Office | Poland | Australia | Ireland | Cyprus | Australia | Cyprus |
| Regulation | 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), Dubai Financial Services Authority (DFSA), Dubai International Financial Center (DIFC),Financial Sector Conduct Authority (FSCA), XTB AFRICA (PTY) LTD licensed to operate in South Africa | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Central Bank of Ireland, 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) | Cyprus Securities and Exchange Commission (CySEC) | 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 | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) |
| Used By | 250,000+ | 180,000+ | 300,000+ | 10,000+ | 89,000+ | 3,500,000+ |
| Negative balance protection | Yes | Yes | No | No | Yes | Yes |
| Guaranteed Stop Loss | No | No | No | No | No | No |
| Learn More | Visit XTB | Visit IC Markets | Visit AvaTrade | Visit Roboforex | Visit Pepperstone | Visit XM |
| Risk Warning | 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. | Losses can exceed deposits | 71% 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. 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 |
Are The Forex Robots World Leading?
Choose a broker that's at the forefront of innovation and generally considered an industry-leader. XTB Segregates clients funds and offers over 4000 instruments. XTB offers both an online trading platform as well as a mobile platform giving clients easy access to markets.
In addition, the XTB platform enables access to a variety of financial markets worldwide. XTB 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 Robots is IC Markets . IC Markets Segregates clients funds and offers over 232 instruments.
| Broker |
XTB
|
IC Markets
|
AvaTrade
|
Roboforex
|
Pepperstone
|
XM
|
| Instruments Available | 4000 | 232 | 1250 | 100 | 100 | 1000 |
| Platforms | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps |
| Excluded Countries | 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 | BE, BR, KP, NZ, TR, US, CA, SG | US, JP | BR, KR, IR, IQ, SY, JP,US | US, CA, IL, KR, IR, MM, CU, SD, SY, PT |
| Forex pairs offered | 57 | 65 | 55 | 35 | 70 | 80 |
| Forex pairs offered | 57 | 65 | 55 | 35 | 70 | 80 |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes |
| Cryptocurrencies (availability subject to regulation) | Yes | Yes | Yes | No | Yes | No |
| Commodities Offered | 21 | 19 | 17 | 21 | 16 | 15 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes | No | Yes | Yes |
| Agricultural | Yes | Yes | Yes | No | No | No |
| Stocks Offered | 1696 | 110 | 1000 | 0 | 60 | 160 |
| UK Shares | Yes | Yes | Yes | Yes | No | No |
| US Shares | Yes | Yes | Yes | Yes | No | No |
| German Shares | Yes | Yes | Yes | Yes | Yes | Yes |
| Japanese Shares | Yes | Yes | Yes | Yes | No | Yes |
What are the Forex Robots Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Forex Robots broker XTB offers competitive offers for Forex, CFDs, Cryptocurrency. XTB minimum deposit is 0.
Another top rated Forex Robots broker IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
XTB
|
IC Markets
|
AvaTrade
|
Roboforex
|
Pepperstone
|
XM
|
| Min Deposit | 0 | 200 | 100 | 1 | 200 | 5 |
| Withdrawl Fees | varies | No | No | Yes | No | No |
| Inactivity Fees | Yes | No | No | No | Yes | Yes |
| Deposit Fees | No | Varies | No | No | No | No |
| CFD Commission Fees | Yes | Yes | No | No | Yes | No |
What are the Forex Robots Funding and Withdrawal Methods?
When dealing with Forex Robots having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.
| Broker |
XTB
|
IC Markets
|
AvaTrade
|
Roboforex
|
Pepperstone
|
XM
|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | Yes |
| Paypal | Yes | Yes | Yes | No | Yes | No |
| Skrill | Yes | Yes | No | No | Yes | No |
| Payoneer | Yes | No | Yes | Yes | Yes | No |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes |
Find Forex Robots with Round-the-clock support?
Customer service is very important when dealing with Forex Robots.
When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.
Forex Robots customer support can include Phone answering services, Live chat support and Email customer service support.
XTB support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish
IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
XTB and IC Markets offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
XTB
|
IC Markets
|
AvaTrade
|
Roboforex
|
Pepperstone
|
XM
|
| Support |
|
|
|
|
|
|
| Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | 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, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish |
| Learn More | Visit XTB | Visit IC Markets | Visit AvaTrade | Visit Roboforex | Visit Pepperstone | Visit XM |
| Risk Warning | 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. | Losses can exceed deposits | 71% 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. 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 |
Make sure the Forex Robots Offer Comprehensive Trader resources?
Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, XTB and IC Markets work together to bring the latest news and insights to traders.
For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.
Why Forex Robots needs to be regulated?
A regulated Forex Robots broker lowers your risk.
Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.
Forex Robots brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.
Forex Robots List
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 Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, MacCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic 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 Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic 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 Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Plus500 offer a 100% Free and Unlimited Demo account No Deposit fees/Commissions No hidden fees Competitive fees Tight Spreads
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account Islamic account VIP account
