Top Forex Robots for 2022

We found 11 online brokers that are appropriate for Trading Forex Robot.

Best Forex Robots Guide

Updated May 20, 2022

Forex Robots

Forex robots are computer programs, or algorithmic software, that make trading decisions based on technical and fundamental analysis. Forex robots are designed to run completely on autopilot, executing trades automatically according to the user-defined rules set by the trader. Currently, there are thousands of forex robots available for traders to use.

In addition to automated trading systems, many forex brokers have developed proprietary platforms that offer automated features such as account management and charting tools. While these platforms don't technically qualify as automated trading systems, they offer much of the same functionality as fully automated systems including pre-programmed settings for risk management and stopping losses.

Why Use 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, utilizes a pre-set computer software to make buy-and-sell decisions, automatically submits these decisions to an exchange or market center, and then makes trades on your behalf. These Forex Robots run on programmed code and allow 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 living your life and making your family happy! Forex robots have revolutionized 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 strategy can be manually designed by users. Although many prefer automated strategies, manually implementing them is more precise. Since forex robots lack physical forms, they can be programmed with specialized trading functions. Not only can they manage trades on the user’s behalf, but they can inform the user with signals on when to place a trade. The majority of robots can be programmed to carry trades as desired by users, others come with built-in programs which can be helpful for traders that are not well-managed in trades. Automated trading strategy robots are quicker, faster, and make fewer errors than manual, but for the less experienced trader, a built-in programmed forex bot can help them up to speed.

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. Do your full research on the type of robot you are getting from the platform. There are certain aspects you need to consider to get a good 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 firsthand and find out if it is as effective as its makers claim. If it sounds too good to be true, it might be a fraud, therefore a test drive is for better decisions.

Do Forex Robots Really Work?

Although forex robots 'work' in the sense that they are programmed to carry out trades automatically, they are not infallible and cannot guarantee long-term profitability. Forex robots are just a tool.

You will want to read this until the finish and then decide for yourself.

Forex Robot Risks

There is a common misconception that using a forex robot is a reliable way to generate profits in the foreign exchange market. As with any other trading tool, users need to consider certain risks before entering into a trade using an auto trader or other type of robotized system.

The idea of using a specialized computer program to process complex trades is tempting to rookie traders. The best bots can even help identify profitable trades in an inconsistent market. Since Forex robots remove the psychological need for humans to engage in trades, it can be detrimental for the trader. Letting the forex bot carry all the trades 24/7 to generate profits is only meant to encourage more traders to buy bots by scams. Even the top-tier bots need human inputs to work efficiently, so leaving everything to the bot is a risk on its own especially if it did not come from a reputable site.

Bots carry trades based on programmed instructions, not analysis. They are unable to predict the volatility of markets, and using their services can be costly. Even if you have a bot from a reputable site, it may not generate profits as expected. You cannot leave a forex bot on its own to make trades as some traders might believe.

Forex Robots are susceptible to data-mining bias. The concept of data-mining bias refers to an analyst’s attempts to search patterns in sample data while giving less significance to the actual market event that was caused by a stroke of luck, or an unforeseen circumstance. Forex robots tend to present only one backtest out of hundreds of tests, to the trader. The bot presents this single backtest as the most likely outcome to the trader even though it may not have been thoroughly tested enough times.

What Are Forex Trading Robots?

A Forex trading robot is an easy software program that automatically monitors the foreign exchange market via various mathematical equations. The software is relatively simple to understand, it can be complex for new traders or those who buy advanced versions, but in due time it becomes easy to use. By monitoring the market, forex bots can, locate good profitable opportunities for trading, identify those opportunities, identify a profitable trading strategy, and place 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 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 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 EUR/USD is going to go up against the USD, this means that EUR/USD 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 USD/USD going down against the EUR/USD, this means that EUR/USD is going to go down in value against the USD, so this suggests that you might lose money by entering into a EUR/USD 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. Strategies can be modified by user input to makes trades based on programmed instructions as well. 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 maximize your profits and minimize your losses, it is advisable to get a Forex robot.

Understanding Forex Trading Robots

Forex bots do not have human psychological elements to make trades, but rather programs. Robots lack human emotions. The problem with trading without emotional thought is that you have no idea if you will make money or lose it. The same is true of Forex trading robots. Unlike human traders, robots cannot make emotional decisions since they lack the ability to do so. It is not within their capabilities to show or understand human emotions. As a result, they cannot make money all the time, bot trades may make more, less, or the same money as human traders do. There is no guarantee of profits all the time.

To understand the psychology of trading robots, it is necessary to look at the way that they operate. 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. So no time is wasted on trading accounts, nor emotional decisions are made. This is what makes forex robots more efficient than human traders, with no emotions, and no time lag, they generate money at a faster rate.

Developing A Customized Trading Robot

If you are in the Forex market and are looking for ways of developing your Forex trading robot, look no further than the internet. Many sources 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 new traders or even experienced traders but rather to be a simple way for anyone to make some money. Forest robots are designed to help traders in their business and make trading easier, they cannot replace humans in matters of creativity and skill. You should, however, understand that while it is possible to find these programs online for free, they are not created equally. Most online programs may carry harmful viruses and malicious programs posing as genuine bots. Acquiring any may sabotage your computer and trades.

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 make sure these reviews are from trustworthy sources and read them 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. Forex bots are ideal for when you have a little experience under your belt. You can turn it around, and start trading full time in just a few months with trading bots at your side.

Forex Trading Strategy

Forex trading with robots is a software script that automatically carries out a pre-set Forex trading strategy for you or one that is highly recommended. It does so while being devoid of any human emotions, so there is no human error or psychology involved. 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 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 emotions might play certain roles in some trades, which means robots might underperform at some periods. Despite the human roles, bots continue to generate profits all day long. 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?

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 at a fast rate, making them more efficient. With the high demands of automation in the trading world, a number of companies have been leaning towards the markets.

Beware of brokers offering “get rich quick” schemes that involve the forex robots.

You must be vigilant when seeing this kind of ad as it can lead to fraud or other scams. Brokers with the promise of fast profits want you to believe their schemes work, but there are no real ways to “get rich quick”.

Many success stories are revolving around Forex robots, but success is not guaranteed. You might see great success with bots, or you might lose a little.

Forex Robot systems help manage risk. But of course, the role of the brokers is also an important aspect to consider. Trading robots can give you the signals making it easier for you to trade. The final decision for trade is up to you, completely removing human inputs is not recommended.

One distinct thing that a Forex robot has is that it can mitigate emotional decisions. With no emotional decisions, your chances of success might increase as bots perform aggressive strategies for optimum 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 Are No Emotions Attached

Emotions can cloud your judgment which can lead to hasty decisions that work against you. Have you ever heard the proverb, 'Human traders can never trade without fear, ego, and greed'. These emotions are often unavoidable, and even emotionally composed traders may feel them, leading to wrong decisions. 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.

Another benefit of no emotions is no bias. Fear, ego, and greed are the humans that not only harm a human trader’s ability to conduct business but also make them biased. It is because of these emotions that traders will make trades based on personal biases. Forex bots have no emotions, do not make biased decisions, produce prominent results suitable for decision making, and layout options.

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 to make appropriate trading decisions. Bots do not make emotional decisions that can lead to bad trades. Every move is precise and calculated with zero errors.

Forex Robots Come With Helpful Features

A Forex robot can predict market fluctuations. The available tools can help secure better trading experiences to get more profits than losses. They can signal the right time for trading, and when to not.

Additionally, forex bots have stop-loss order features. Bots can limit the number of trades executed in a specific period. Capital allocation per trade, and currency pair simultaneous trade limitations are some of the common features that bots have.

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.

This automatic trading ability of a forex robot provides a great advantage to traders. Users can go about their daily routine without worry as their forex robot carries out trades for them. Forex robots work constantly even if the human trader is performing routine tasks.

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. Your forex bot will keep making money all day, every day of the week regardless of time zones.

Efficient and Effective Trading

Forex robots do not only work day and night without rest, but they do so at an efficient rate than humans. What will take humans weeks, months, or even a few minutes, a forex robot will have it done in under a few seconds. Even if a human trader worked faster, there is a huge chance of making errors in the process. But forex robots are not limited by such faults as complex math and calculations are performed rapidly by the bot. This not only makes trading efficient but effective with forex robots.

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.

That can change with the help of a Forex robot. Never miss a good money-making opportunity with trading bots. Your Forex bot can identify unseen opportunities, and reserve them on your behalf to make sure you have not missed a beat.

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.

Even the most experienced traders cannot handle every detail or objective on their own. Traders can multi-task on their own, but doing so can cause certain errors since it is not possible to keep track of every aspect of trading. Forex robots are automation, as such, they can record every entry or exit, stop-loss orders, profit margins, and work on different trades at the same time. Robots can work on different trades simultaneously, and ensure zero errors while doing so.

Auto trading offered by Forex robots, 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 thoroughly backtested.

The tests on various currency pairs can reveal the real capability of specific robots.

The best Forex robot tools allow you to walk through the results, when researching market conditions.

The other variables to check are the potential losses, wins, drawdown, and the ratios of rewards and risks.

The experts must handle the backtesting so that the result of the test will be unbiased.

That&rsquo's when you will need to see the list that we offer on this page. The other factor to consider is the live trading results.

Many providers claim to have above 90% winning ratios. But you should not be tempted with claims like these. 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.

How To Know When A Forex Robot Is Not Legal

If a Forex robot seems suspicious in any way, it most likely is. Efficient Forex robots do not come cheap. Following is a guide on how to determine if a forex robot is legit or not:

There Are Unrealistic Claims Around It

If a company keeps promising substantial games with insignificant risks like zero spreads, it is advisable to stay away from such a company. Guaranteed profits do not exist whenever forex robots are involved. A legitimate forex robot is always going to be expensive. It does not offer bargaining additions either, hence, this type of marketing language should be suspicious enough to recognize.

It Is Inexpensive Or Free

If you find yourself surprised at how fairly priced a forex robot is, try to look elsewhere. Chances are that it is not worth the price you are willing to pay for it. You will not be able to recover the costs, even when you consider the gains earned off its back.

The Company Promises State-Of-The-Art Technology

There are no guarantees when it comes to forex robots, despite the company telling you otherwise. For instance, if a company had managed to develop new technology as impressive as its claims, it would be earning more for itself. They would not be needing any clients to buy the technology, they would just need the robot for themselves.

The Marketing Language Focuses On Trying To Attract Customer

Stay away from marketing language trying to mislead you, selling you the dream of the money you would make if you used their service. A legit company must be willing to offer you the exact numbers that show what their praised robot can do. They will not use fancy language to endorse the benefits of substantial profits.

No Proof Of Legitimacy

A quick way to check whether or not a corporation is legit is to determine whether they have been registered with a regulatory body. A legitimate corporation will always offer proof of its regulation.

Your Anti-Virus Acts Up When You Use The Robot

Your anti-virus might act up and point you to possible issues with the program. This should be seen as a warning when determining whether or not the company you are considering is legit. You may have to purchase the software in question to check such a thing, but that way you will know not to trust the company with your hard-earned money in the future.

Getting The Most Out Of Forex Robots

Once you have decided on a forex robot, below are some suggestions on how you can make the most out of your forex robot:

Begin With Thorough Research

A lot of robots have the possibility of being impeded by hackers and malware. Hence it is crucial to make sure you end up going with a safe option. To dodge scams and fraud, go with a robot that has been in operation for some time. Also, make sure it is accompanied by positive reviews and testimonials.

Always be wary of the fact that some reviews might not be real, and a lot of new forex robots surface overnight with countless five-star reviews. Oftentimes, even the developer claims to offer incentives, e.g., refund guarantees on their robots. Beware of suspicious reviews.

Do not lean on the fact that a forex robot has been backtested as a lot of developers choose the backtests with the most favorable results to utilize in the marketing of their forex robot, despite them having conducted numerous other backtests that did not offer exact predictions.

Have Realistic Expectations

As obvious as this sounds, it is crucial to keep in mind that robots, however, they are being used, are merely robots. This means that they can only execute the functions fed or “programmed” into them.

They cannot think creatively or predict what may happen in the future. They merely work based on their programming and use past data and performances to make any predictions.

Once you end up choosing a forex robot, make an effort not to depend on it fully when conducting your trading activities. To make the most out of trading, you may have to apply your research and observations as well. For instance, it helps to stay updated on any economic changes and/or the global financial situation.

Start WIth Demo Or Trial Software

A lot of programmers provide free trials of their software before expecting clients to pay. Try to use this to your advantage and try out multiple software options to determine which robot suits your trading style and expectations the most.

Keep Tabs On Your Forex Robot

A forex robot, as mentioned earlier, cannot utilize outside influences affecting the constantly-shifting foreign exchange market conditions. You may have to frequently check the trading activities your robot performs, and stay up-to-date on the external financial situation. That way, you can change the parameters accordingly to be up-to-date.

Establish Trading Parameters

Before you start your forex trading activities, take out time to establish a trading plan that you can religiously stick to.

Your trading plan must include factors like your profit expectations and your levels of risk tolerance. After you decide on this information, make sure to adjust the parameters of your forex robot. The robot should then perform according to your set preferences.

Forex Robots Verdict

Because the foreign exchange market conditions are prone to constant evolution, only the most seasoned of traders can determine the right times to enter (and exit) the market. To help traders with that, there are countless forex robots available for use. Some of the robots are free to use, while others have price tags on them that can go up to thousands of pounds.

At the end of the day, a forex robot might help with your trading strategies, you must not rely on it completely. Lucrative trading calls for a combination of human experience and the convenience of a forex robot. Keep in mind that robots cannot replace human expertise, experience, and creativity. Therefore, a mixture of human intelligence with the efficiency of a forex robot is the way to go.

We've collected thousands of datapoints and written a guide to help you find the best Forex Robots for you. Our aim is that this information helps you choose a trustworthy, reputable and professional broker who can satisfy your trading needs online. We have compiled a list of what we consider 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.

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.

Top 15 Forex Robot Brokers of 2022 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 IC Markets XTB AvaTrade Roboforex Pepperstone XM FP Markets Trading212 Plus500 NordFX EasyMarkets
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), 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 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) 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, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules Cyprus Securities and Exchange Commission (CySEC), License No: 209/13 Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
Min Deposit 200 No minimum deposit 100 1 200 5 100 1 100 1 100
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 180,000+ 250,000+ 300,000+ 10,000+ 89,000+ 3,500,000+ 10,000+ 15,000,000+ 15,500+ 10,000+ 142,500+
Benefits
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Low min deposit
  • Guaranteed stop loss
  • Advanced Risk Management Tools
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
Accounts
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Zero spread account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
Platforms MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, Mirror Trader, Web Trader, Tablet & Mobile apps Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps
Support
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Risk Warning Losses can exceed deposits 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. 71% of retail investor accounts lose money when trading CFDs with this provider Losses can exceed deposits 74-89 % of retail investor accounts lose money when trading CFDs Your capital is at risk 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. 73% 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
Demo IC Markets
Demo
XTB
Demo
AvaTrade
Demo
Roboforex
Demo
Pepperstone
Demo
XM
Demo
FP Markets
Demo
Trading 212
Demo
Plus500
Demo
NordFX
Demo
easyMarkets
Demo
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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 2022 article further below. You can see it now by clicking here

We have listed top Forex robot brokers below.

Forex Robots List

IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 180000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 250000+ traders. 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. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated 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
AvaTrade
(4/5)
Min deposit : 100
AvaTrade was established in 2006 and is used by over 300000+ traders. 71% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading . Cryptocurrency availability with AvaTrade is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by 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)
Roboforex
(4/5)
Min deposit : 1
Roboforex was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 89000+ traders. 74-89 % of retail investor accounts lose money when trading CFDs Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account Pro Account VIP account
Regulated by 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
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 3500000+ traders. Your capital is at risk XM offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
FP Markets
(4/5)
Min deposit : 100
FP Markets was established in 2005 and is used by over 10000+ traders. Losses can exceed deposits FP Markets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)
Trading212
(3/5)
Min deposit : 1
Trading 212 was established in 2006 and is used by over 15000000+ traders. 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. Trading 212 offers Stocks, Forex, Commodities, Indices.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Financial Supervision Commission (FSC)
Plus500
(4/5)
Min deposit : 100
Plus500 was established in 2008 and is used by over 15500+ traders. 73% 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. Plus500 offers CFDs.


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 Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by 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, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules
NordFX
(4/5)
Min deposit : 1
NordFX was established in 2008 and is used by over 10000+ traders. Losses can exceed deposits NordFX offers Forex.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13
EasyMarkets
(4/5)
Min deposit : 100
easyMarkets was established in 2001 and is used by over 142500+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto. Cryptocurrency availability with easyMarkets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)

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Losses can exceed deposits
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Losses can exceed deposits