New Trading Algorithm for 2021

We found 11 online brokers that are appropriate for Trading New Algorithm Investment Platforms.

New Trading Algorithm Guide

Updated October 18, 2021

New Trading Algorithm

New trading algorithms are coming out all the time. Trading algorithms were designed to reduce the amount of human error in automated Forex trading by a factor of roughly two. The main innovation is in the way the software monitors currency markets and decides when it is time to execute a trade. Instead of relying on what is called a moving average, which is used to average over a long-term period and come up with a long-term average, the new algorithm analyses price action for several hours every day and combines this information with market indicators from the past and current movements of the price of currency. This combined information gives the robot a statistical analysis, it can use to make an intelligent decision on when to enter and exit a trade. If you are unfamiliar with trading software or don't have access to the charts used to determine your entry and exit points, you will still receive great results as the new algorithm improves accuracy.

One of the advantages of using a trading algorithm is that it removes human emotion from the equation. When a trader uses their own emotions and cognitive processes to decide when to buy or sell, they are subject to losing more often than they gain. As humans, our emotional responses tend to override our logic and cause us to make irrational decisions. While a good trading strategy will still involve some amount of emotion in the mix, eliminating it allows you to make better decisions based purely on cold hard facts and analytics.

There are many advantages of using a trading algorithm, but you do need to know how to find it and implement it correctly. You first need to find a top rated and reputable quantitative trading website that offers the service that you need. Then take a few minutes to review the site's technical indicators and technical analyses that they offer. Once you have thoroughly reviewed each page, make yourself familiar with the terminology being used. Finally, download a demo account and play around on it for a while to get a feel for how the program works and what indicators and signals it gives you.

What is Algorithmic Trading?

What exactly is algorithmic trading? An algorithmic trading strategy is any Forex strategy that uses an algorithm to make trading decisions instead of relying on gut feeling, experience, or other forms of analysis. Algorithmic trading strategies are based on mathematical formulas that take into account the way that the market moves. Once these formulas are developed, they are able to capture data from real time market prices and trends and use this information to make predictions about where the market will go next.

There are many different types of algorithmic trading strategies, but they all have one thing in common; they are ones that do better when the market conditions are favourable. In order to determine what these conditions are, you must first understand how an algorithmic trading strategy works. Algorithmic trading strategy developers spend their time analysing market conditions in order to find patterns and trends which can be used as inputs to generate strategies. These developers then plug these patterns into their software programs which allow them to evaluate potential trades. Once the program determines which trades are profitable, it notifies you so that you can trade accordingly. This allows you to make your trades using an algorithmic trading strategy that is optimised to find high probability trades while disregarding others which are more vulnerable to market conditions.

Benefits of Algorithmic Trading

When you look into the different benefits of algorithmic trading, you will see that it has many uses and it has been getting more popular by the day. People can do trading over the internet as well as through other platforms. There are many people who do this for a living and make quite good money in a short period of time. One of the main reasons for its popularity is because of the fact that there is no human bias involved. With the use of these robots, you can have access to markets that you would not normally be able to reach.

One of the main benefits of this is that there is no need for any kind of prediction or guesswork. Algorithmic trading strategy or automated algo-trading is a kind of trading that follows certain guidelines to achieve the best possible results. With the use of these robots, traders can get access to markets that they would not normally get access to. Traders do not need to worry about making estimates and predictions on when a currency would go up or down. They can just use an automated system that does all of these for them.

Another benefit of these robots is that you do not have to worry about carrying out your own analytics of market trends and movements. This gives traders a greater sense of control over their own transactions. You do not have to wait and see if a trend line or a combination of trends lines up or if the value of a currency pair is heading in the right direction. You can set your triggers to automatically place an order to buy or sell and this way, you can keep yourself on top of all of the market changes. Another great thing with this kind of trading strategy is that it can also be used for arbitrage trading and other kinds of unconventional trading.

Algorithmic Trading Strategies

Algorithmic trading tactics are also known as black-box trading tactics or algorithm-based trading tactics are software programs that automatically purchase and sell securities according to a predetermined set of mathematical instructions. In stock trading, an algorithm trading strategy is one of the most powerful trading tactics that can be implemented. Since an algorithm trading strategy will always buy, sell, and close the transactions in the same manner it was built, it significantly reduces the amount of human error that can occur during normal trading.

An algorithm trading strategy will never make the mistake of over reacting to sudden changes in the market impact either. For example, if a trading strategy determines that the market is going to begin to fall in the near future, the algorithm will buy at the start of each price decrease and stop selling once the trend reverses itself. If an algorithm was to use this strategy, it would greatly reduce its profits because the profit it makes will be very small during the initial part of the trend. After the initial part of the trend reverses, the profitability of the strategy increases as the market gets adjusted to the new price. As previously stated, an algorithm trading strategy is only as good as its developer is.

An important point of difference between positive and negative algorithmic trading strategies is that positive strategies can be effectively implemented even during the short time frame like hours. They do not need a constant monitoring and they are flexible enough to react to sudden changes. But negative algorithms on the other hand need to be implemented at a more stable pace. They do not allow for much room for error. These errors are made by back testing.

We've collected thousands of datapoints and written a guide to help you find the best New Trading Algorithm 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 New Trading Algorithm Investment Platforms below.

Reputable New Trading Algorithm Checklist

There are a number of important factors to consider when picking an online New Trading Algorithm Investment Platforms 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 New Trading Algorithm Investment Platforms.

We compare these features to make it easier for you to make a more informed choice.

Top 15 New Trading Algorithm Investment Platforms of 2021 compared

Here are the top New Trading Algorithm Investment Platforms.

Compare New Trading Algorithm Investment Platforms min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are New Trading Algorithm Investment Platforms. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more New Trading Algorithm Investment Platforms that accept New Trading Algorithm Investment Platforms clients

Broker XTB IC Markets AvaTrade Roboforex Pepperstone XM FP Markets FXPrimus EasyMarkets Admiral NordFX
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), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) 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) 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), Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC), License No: 209/13
Min Deposit No minimum deposit 200 250 1 200 5 100 100 100 200 1
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 250,000+ 180,000+ 200,000+ 10,000+ 89,000+ 3,500,000+ 10,000+ 10,000+ 142,500+ 10,000+ 10,000+
Benefits
  • 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
  • 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 scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
Accounts
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Mini account
  • Standard 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
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Managed account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
Spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable 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, Mac, 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 MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Tablet & Mobile apps
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
xtb
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icmarkets
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avatrade
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roboforex
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pepperstone
Sign Up with
xm
Sign Up with
fpmarkets
Sign Up with
fxprimus
Sign Up with
easymarkets
Sign Up with
admiralmarkets
Sign Up with
nordfx
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 72% 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 Losses can exceed deposits Your capital is at risk Losses can exceed deposits Losses can exceed deposits
Demo XTB
Demo
IC Markets
Demo
AvaTrade
Demo
Roboforex
Demo
Pepperstone
Demo
XM
Demo
FP Markets
Demo
FXPrimus
Demo
easyMarkets
Demo
Admiral Markets
Demo
NordFX
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 AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. US US, CA, JP, SG, MY, JM, IR, TR No


All New Trading Algorithm Investment Platforms in more detail

You can compare New Trading Algorithm Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top New Trading Algorithm Investment Platforms for 2021 article further below. You can see it now by clicking here

We have listed top New Trading Algorithm Investment Platforms below.

New Trading Algorithm List

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 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
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 Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
AvaTrade
(4/5)
Min deposit : 250
AvaTrade was established in 2006 and is used by over 200000+ traders. 72% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, CFDs, Spread Betting, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI)
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 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. 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 Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic 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 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 Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC)
FXPrimus
(4/5)
Min deposit : 100
FXPrimus was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits FXPrimus offers Forex, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID)
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 Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
Admiral
(3/5)
Min deposit : 200
Admiral Markets was established in 2001 and is used by over 10000+ traders. Losses can exceed deposits Admiral Markets 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 Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
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 Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13

Learn more Learn more about XTB.
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.