Forex Brokers with API
- What is Forex trading with API?
- Best Brokers with APIs
- How to use Interactive Brokers API?
- What futures brokers have API?
- Forex Brokers with API List
What is Forex trading Broker with API?
API or an application programming interface is a set of programming codes that connects platforms enabling them to exchange data and instructions. It creates an online connection between a data provider and an end-user. Read more about API on Wikipedia.
When talking about API in financial markets, Forex specifically, API is a key detail in implementing an automated trading strategy. They are used in interface trading algorithms or models and an exchange’s and/or broker’s platform. Forex brokers with API allow access to API to traders. With the help of API, brokers access real-time updates providing traders with more accurate and timely investment opportunities.
| 📈Trading Instruments | All, as offered by the Broker. |
| 💰Price | Depending on API provider |
| 📉Positions | Buy/Sell |
What is API Trading Platform?
APIs have become increasingly popular with the dissemination of Automated Trading. Hence, many Forex Brokers nowadays provide APIs enabling traders to connect trading software with their trading account without having to fully migrate to their ecosystem.
Brokers offer either third-party applications (like MetaTrader) or their own developed platforms (like Interactive Brokers or IG). Here are some important notes on API platforms use:
- There is a variety of API types for traders to select from, including free Forex APIs, forex trading APIs, and premium data APIs.
- The Forex standard REST API is available with many brokers and allows traders to connect to any app and retrieve data about live streaming prices, trade execution, advanced algorithmic tools, reports, and charting capabilities.
- In most cases APIs are provided by brokers for free, however, it can happen that traders incur extra fees. So, it is of utmost importance to consider fees before making any decision.
- Many brokers provide online documentation for their APIs. Developers can find out exactly how to authenticate with the API, what data is available for consumption, how to place orders through the API, and other technical details.
| API Trading Advantages | API Trading Disadvantages |
|---|---|
| Fast Execution and Instant Confirmation | Requires Time and Maintenance |
| Eliminates Emotions | Programming Knowledge is Requires |
| Backtesting | Not Suitable for Beginners |
| Helps with Diversification | Strong Internet Connection Required |
Top 5 Best Brokers with APIs
Most Forex Brokers provide API Trading Solutions, however, not all APIs have the same features and support. Here we made a list of Regulated Forex Brokers providing APIs based on our in-house research and expert opinion:
- HFM — Best Overall API Trading Broker 2024
- BlackBull Markets — Best API Trading Broker for Beginners 2024
- FP Markets — Best MT4 API Trading Broker 2024
- Eightcap — Best MT5 API Trading Broker 2024
- BDSwiss — Best Low Spread API Trading Broker 2024
How to use Interactive Brokers API?
Interactive Brokers offer several trading API solutions: Client Portal API, Trader Workstation (TWS) API, FIX connection. All you need is to configure and connect the API according to platform guides and start placing orders.
What futures brokers have API?
Oanda, Saxo Bank, TradeStation, and Interactive Brokers offer API solutions to their traders.
Who can use APIs for Trading?
Traders wishing to develop their own trading strategy can use API protocol to collect data from different sources, or those who want to automate their trading process can integrate API in the trading bot that will execute trades based on a certain strategy or algorithm.
Forex Brokers with API List
This is the complete list of regulated brokers providing APIs that we reviewed and recommend for their quality service and strict regulatory adherence:
| Broker | Detail | |
|---|---|---|
 Advanced Markets
|
Min. Deposit: $100 Max. Leverage: 1:30 | 1:100 Trading Platforms: MT4, DMAhub, Fortex 5 & 6 Regulation: FCA, AFSL |
Advanced Markets Review |
 FXDD
|
Min. Deposit: 100 US$ Max. Leverage: 1:30 Trading Platforms: MT4, MT5, FXDD WebTrader Regulation: MFSA, FSC |
FXDD Review |
 Forex.com
|
Min. Deposit: US$100 Max. Leverage: 1:40 | 1:50 Trading Platforms: MT4, MT5, FOREX.com Platforms Regulation: FCA, IIROC, ASIC, CFTC, CySEC, JFSA, MAS, CIMA |
Forex.com Review |
 Key to Markets
|
Min. Deposit: 100 US$ Max. Leverage: 1:30 | 1:500 Trading Platforms: MT4 Regulation: FCA, FSC |
Key to Markets Review |
 BP PRIME
|
Min. Deposit: $5,000 Max. Leverage: 1:30 | 1:500 Trading Platforms: MT4 Regulation: FCA, FSA |
BP PRIME Review |
 TriumphFX
|
Min. Deposit: 100 US$ Max. Leverage: 1:30 Trading Platforms: MT4 Regulation: CySEC, FSC, FSA |
TriumphFX Review |
 AETOS
|
Min. Deposit: $50 Max. Leverage: 1:30 Trading Platforms: MT4, MT5 Regulation: ASIC, FCA, VFSC, CIMA |
AETOS Review |
 Ayondo
|
Min. Deposit: $100 Max. Leverage: 1:30 Trading Platforms: MT4, MT5, ActivTrader Regulation: BaFin |
Ayondo Review |
 Capital Index
|
Min. Deposit: $100 Max. Leverage: 1:30 | 1:200 Trading Platforms: MT4 Regulation: FCA, ASIC, SCB |
Capital Index Review |
 Tickmill
|
Min. Deposit: $100 Max. Leverage: 1:30 Trading Platforms: MT4, MT5 WebTrader, Mobile App Regulation: FCA, FSA, CySEC, FSCA |
Tickmill Review |
