We found 11 online brokers that are appropriate for Trading Robo Advisor.
This is an era of robo trading. Most successful traders are trading with the support of software programs based on algorithms that automate much of the manual work. Hence, the search for some of the best robot advisors is on the rise.
The financial market is flooded with a plethora of best robot advisors which are typically put to work on collecting information from clients— knowing their future goals, offering related advice, and thereafter, investing automatically.
The best robo advisors are always easy to set up and offer robust goal planning, charge low fees, come equipped with advanced security features, and have good portfolio management features.
Before we try to understand robo advisor brokers let us first discuss the term robo advisor, roboadvisor or robo advisors. Robo advisors are software or digital platforms that make no use of human supervision and provide financial services and actions that are based on an algorithm and artificial intelligence automatically.
Robo advisor software collects information like future goals and financial situations from clients through things like online surveys and historical market data to compile and offer advice or financial actions like trading.
Some of the best robo advisor brokers in the industry offer simple account setup, portfolio management, goal planning, security features, comprehensive education, low fees and account services.
The first robo advisor was launched in 2008.
The robo advisor software became popular in 2010, just after the 2008 recession.
However, automated robo advisors were in use much before 2008. The first robo advisors where supervised by human wealth managers as the platform was new and very expensive.
The focus of such a specialized program was to balance the assets once again within the target-date funds. Prior to this, only institutions used to implement automated portfolio allocation software.
The advent of robo advisors has changed the trading narrative completely. Today, the software programs are able to handle more sophisticated tasks of traders including retirement planning, investment selection, and tax-loss harvesting.
Clients then usually employed robo advisor brokers or advisors (now the so-called robo advisor brokers).
The primary focus initially was to re-balance assets through a basic online user interface and manage buy-and-hold investments.
Today, the advanced version of robo advisor technology is highly optimized and most robo advisor brokers offer it for tactical strategies, Hallal investing and optimizing portfolios.
Most of the best robo advisors utilize the theory of modern portfolios to build a passive portfolio for clients, and thereafter monitor these to ensure optimal asset class is maintained at all times, even after the market moves.
Every individual security or asset class in algorithm trading is given a target weight along with a corresponding tolerance range. The entire portfolio is rebalanced if the weight of one holding moves outside the range. Earlier such rebalancing was time consuming and was not so perfect. It used to generate fees while robo rebalancing cost virtually nothing.
Automated trading requires comparatively low fees. It is somewhere between 0.2% and 0.5%. The rates of traditional advisors are 1% or 2%. Therefore, to trade with automation requires less capital.
Most robo advisor brokers charge as low as 0.2% of total account balance of a client and it is an annual fee.
Traditional advisors are less accessible than robo advisors, which are available 24/7. Moreover, robo advisors are more efficient than traditional advisors.
This is one of the main advantages of robo advisor technology is its low cost compared to the traditional one that was used before 2008.
Clients can easily get access to robo advisor software throughout the day and night, subject to an Internet connection.
Less asset and capital is needed to start trading. Some robo advisor brokers like the ones mentioned further down this guide in fact charge nothing for opening an account.
The robo advisor is highly efficient. No paperwork is required unlike traditional advisors. With some robo advisors just the click of buttons is required.
Some of the robo advisors could be ill-equipped for extraordinary situations and unexpected crises. This is the reason why many successful traders prefer a combination of automation and human guidance.
A finding by the Financial Planning Association reveals that nearly half of the participating traders preferred robots when the market was extremely volatile.
Moreover, robots operate on assumptions and believe that the client has a clear understanding and goals during financial circumstances. Although, this may differ in some cases.
Robo advisors limit options for an individual investor. Buying individual bonds or stocks into the client's account is not allowed.
There is a general belief that automated robo advisors may not work efficiently and perfectly when unexpected market crisis occur. There are many robo advisors platforms and every year more are released.
With respect to legal status, robo advisors are equivalent to human advisors. The automation platforms are also registered with the Securities and Exchange Commission in the United States. They are regulated as traditional brokers.
Robo advisors earn from a wrap fee. This is based on the assets under management (AUM), which is annually around 0.25%. Human advisors charge 1% or 2% per year. As the cost is less, the robo advisors attract more and more traders. This helps in generating more revenue.
Robo advisors also earn from cash balances, which are credited to their accounts. Even though earning through this process is low, it becomes significant if there are many users.
Robo advisors also market targeted financial products like insurance policies and credit cards. This further helps in earning money.
Usually the money earned is through a wrap fee and it is based on the AUM. The charges are very low, sometimes as low as 0.2%. Human advisors charge up to 2%.
Robo advisor brokers can also make money from the interest earned on cash balances.
Marketing some financial products such as insurance, credit cards and mortgages adds to their income.
Even though robo advisors are serving most traders and are being more sought-after compared to traditional or human advisors, it is warned that complete automation is not perfect. It is very important for a trader to be able to choose one of the best robo advisors before signing up with one blindly.
In this article, titled 'Best Robo Advisors', we discussed some of the key factors to consider while picking one of the best software programs.
To wrap up, it is important to note that robo advisors charge a low fee compared to human advisors, but the best programs can be expensive when hiring. However, these are best for rebalancing one's portfolio on a regular basis. And, the automation is available and accessible 24/7.
On top of all this, one needs to check whether the robo advisors are properly regulated under the jurisdiction of a regulatory authority. Unregulated robo advisors should be avoided. Traders who are new to the industry are suggested to read reviews of the software before hiring.
We have conducted extensive research and analysis on over multiple data points on Robo Advisor to present you with a comprehensive guide that can help you find the most suitable Robo Advisor. Below we shortlist what we think are the best robo advisor after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Robo Advisor.
Selecting a reliable and reputable online Robo Advisor trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Robo Advisor more confidently.
Selecting the right online Robo Advisor trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for robo advisor trading, it's essential to compare the different options available to you. Our robo advisor brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a robo advisor broker that best suits your needs and preferences for robo advisor. Our robo advisor broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Robo Advisor.
Compare robo advisor brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a robo advisor broker, it's crucial to compare several factors to choose the right one for your robo advisor needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are robo advisor. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more robo advisor that accept robo advisor clients.
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IC Markets
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Roboforex
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XTB
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XM
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Pepperstone
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AvaTrade
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FP Markets
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EasyMarkets
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FXPro
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Admiral
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ThinkMarkets
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Regulation | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC) (000261/4) XM ZA (Pty) Ltd, Cyprus Securities and Exchange Commission (CySEC) (license 120/10) Trading Point of Financial Instruments Ltd, Australian Securities and Investments Commission (ASIC) (number 443670) Trading Point of Financial Instruments Pty Ltd | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) | CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) | Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) | FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120) | Financial Conduct Authority (FCA) (595450), Cyprus Securities and Exchange Commission (CySEC)(310328), FSA (Financial Services Authority of Seychelles) (SD073) | Financial Conduct Authority (FCA), Financial Sector Conduct Authority (FSCA), TF Global Markets Int Limited (Seychelles) (8424818-1), TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority FRN 629628, TFG (Payments) Limited (United Kingdom) (10537331), Think Capital Services UK Ltd (United Kingdom) (11054653), TF Global Markets (STL) Limited (Saint Lucia) (2023-00272), TF Global Markets (AUST) Limited is the holder of Australian Financial Services License number 424700, TF Global Markets (South Africa)(Pty) Ltd is an Authorised Financial Services Provider (FSP No 49835),TF Global Markets Int Limited Is authorised and regulated by the Financial Services Authority Seychelles Firm Reference Number SD060, The Cyprus Securities and Exchange Commission (CySec), TF Global Markets (STL) Limited (Saint Lucia) (2023-00272) |
Min Deposit | 200 | 10 | No minimum deposit | 5 | No minimum deposit | 100 | 100 | 25 | 100 | 1 | 50 |
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Used By | 200,000+ | 730,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 400,000+ | 200,000+ | 250,000+ | 7,800,000+ | 30,000+ | 450,000+ |
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Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | MT4, Mirror Trader, Web Trader, Tablet, Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT5 WebTrader, XM Apple App for iPhone, XM App for Android Google Play, Tablet: MT5 for iPad, MT5 for Android Google Play, XM App for iPad, XM App for iOS (App Store), Android (Google Play), Mobile Apps | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) | easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 | MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT4, MetaTrader WebTrader, Admirals Mobile Apps, iOS (App Store), Android (Google Play), Admirals Platform, StereoTrader | ThinkTrader, WebTrader, TradingView, TradingView, Mobile Apps, iOS (App Store), Android (Google Play) |
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Learn More |
Sign
Up with icmarkets |
Sign
Up with roboforex |
Sign
Up with xtb |
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Up with xm |
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Up with pepperstone |
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Up with avatrade |
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Up with fpmarkets |
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Up with easymarkets |
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Up with fxpro |
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Up with admiralmarkets |
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Up with thinkmarkets |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 69% - 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.12% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 75-95 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money |
Demo |
IC Markets Demo |
Roboforex Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
FxPro Demo |
Admiral Markets Demo |
ThinkMarkets Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, CA, IR | US, CA, JP, SG, MY, JM, IR, TR | RU, AF, Yugoslavia, AO, GM, NG, AW, GH, KR, BY, GN, BO, GN, PK, BW, HT, PG, IR, PN Island, Burma MM, IQ, RW, KH, , SN, CF, JP, Sierra, Leone, TD, KG, SO, CI , LB, SZ, CU, LS, SY, of CG, LR, TJ, DJ, LY, Tanzania, EC, Laos, TG, ER, ML, TM, ET, MN, UG, Falkland Islands, NA, US of America, FJ, NI, YE, ZW |
You can compare Robo Advisor 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 Robo Advisor for 2025 article further below. You can see it now by clicking here
We have listed top Robo advisor below.