Auto Trading Forex Brokers

  1. What is Automated Trading?
  2. Best Auto Trading Forex Brokers
  3. How does Auto Trading work on MT4?
  4. How to make Auto Trading Robot?
  5. Auto Trading Forex Brokers List

What is Automated Trading Broker?

Automated Trading Broker operates trading system that automatically submits sell and buy orders once specific criteria set met. 

  • There are many Auto Trading Platforms and Brokers offering auto trading. Some of them are third-party auto trading providers while others are brokers that have adapted their platforms for auto trading or use third-party platforms (MetaTrader and cTrader as one of the most popular trading platforms for auto trading).
  • Among the most popular brokers that have developed their own platform for auto trading is Interactive Brokers with its IBKR trading platform.

Read more about Auto Trading on Wikipedia.

🏦 SpreadDepending on broker
📈LeverageYes
📉PositionsBuy and Sell
💻 Popular Platforms for Auto TradingMT4, MT5, cTrader

What is Auto Trading Platform?

Selection Platform for auto trading you first need to find a Broker with favorable trading conditions and Platform suitable for Auto trading either by its offered technology and proprietary platform or available to install Auto-Trading while using Popular Industry platforms.

See some important finds on Auto Trading below:

  • Automated Trading, also referred to as Algorithmic trading, became very popular and practically nowadays is one of the most used practices in everyday trading.
  • Automated trading software allows traders to select and configure criteria identifying the patterns, relevant news, or events that might affect the fluctuations in the market. After the system is configured, the desired trends are monitored, and trades are automatically executed once certain criteria are met.
  • There are many advantages brought by Auto trading, apart from taking out the emotional side and consistency with maintained discipline, the trade entry can be based on a very simple condition up to sophisticated strategies, with the programming language specifications and comprehensive expertise.
  • The majority of Forex automated robots use technical indicators for trading opportunities, while currently there are many trading platforms and Auto Trading Forex Brokers supporting and even developing their own auto tools. Moreover, most often robots watch and react to trading signals more efficiently and far more quickly than a trader does.
  • There are two main categories of auto trading tools distinguished: Expert Advisors and Auto trading robots.
  • In order to run the Auto Trading tool successfully, the trader should select Broker with good research data along with trustable Broker access and conditions alogn with the System to follow or use for Trading
  • Yet, the trader should be careful while choosing a trading system to rely on, the internet is full of programs that are sometimes scams and of course, it is not advised to rely entirely on the automated trading system.
Auto Trading AdvantageAuto Trading Disadvantage
Fast Trade ExecutionLack of Control
Strategies are predertminedSuccessful strategies in backtests may fail in real life
Removes emotions Mechanical failures can happen
Low Trasnaction CostsRequires monitoring
Backtesting

Top 5 Best Auto Trading Forex Brokers

Here is our selection of Best Broker with Auto trading selected by category and consists of only Regulated Brokers with the highest rankings and good conditions for Automated Strategies:

  • HFM – Best Auto trading Broker Overall 2024
  • BlackBull Markets — Best Auto Trading Broker for Beginners 2024
  • FP Markets — Best Lowest Spread Auto Trading Broker 2024
  • Eightcap — Best Auto Trading MT5 Broker 2024
  • BDSwiss — Best Auto trading Broker for Scalping 2024

How does Auto Trading work on MT4?

MT4 client terminal provides a variety of mechanical trading systems to use (including MTS, experts, and advisors). The constant developments and improvements of auto trading tools allow users not to only receive alerts with recommended trading signals, but also to have complete control over trading activities while using MT4.

How to make Auto Trading Robot?

You can use the auto trading robot generator to be guided and make the robot yourself. It doesn’t require any specific programming knowledge and can be done by simply following the steps on the generator’s site/blog. You can also download trading robots, rent or purchase them or you can even order a robot from a professional developer.

Is Automated Trading Illegal?

No, in most cases automated trading is legal and is a fully regulated trading activity. However, some jurisdictions may impose restrictions on auto trading. For example, the Indian SEBI regulator allows auto trading only for institutional traders and investors.

List of Forex Brokers for Auto Trading

This is the list of regulated brokers below suggested by our experts that will help to choose the best platform suitable for Auto Trading strategy:

Broker Detail
Octa
Min. Deposit: $25
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, Octatrader
Regulation: CySEC, SVGFSA, FSCA
Octa Review
SquaredFinancial Review Logo SquaredDirect | SquaredFinancial
Min. Deposit: $250
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, Mobile App
Regulation: CySEC, FSA
SquaredDirect | SquaredFinancial Review
Saxo Bank
Min. Deposit: $5,000
Max. Leverage: 1:30
Trading Platforms: SaxoTraderGo, SaxoTraderPRO
Regulation: DFSA, FCA, ASIC, CBUAE, JFSA, MAS, SFC
Saxo Bank Review
OANDA US
Min. Deposit: No minimum deposit
Max. Leverage: 1:50
Trading Platforms: MT4, fxTrade Mobile, TradingView
Regulation: NFA, CFTC
OANDA US Review
XM
Min. Deposit: US$5
Max. Leverage: 1:30 to 1:1000
Trading Platforms: MT4, MT5, XM WebTrader
Regulation: CySEC, ASIC, FSC, DFSA
XM Review
Instaforex Review InstaForex
Min. Deposit: 0 $
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5, WebTrader, MobileTrader
Regulation: CySEC, FSC BVI, FSC
InstaForex Review
Exness Review Exness
Min. Deposit: 10 US$
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5
Regulation: FCA, CMA, CySEC, SFSA, CBCS, FSC BVI, FSC Muritius, FSCA
Exness Review
XPro Markets Review Logo XPro Markets
Min. Deposit: $250
Max. Leverage: 1:30 | 1:400
Trading Platforms: MT4, Webtrader
Regulation: FSCA
XPro Markets Review
Headway Review Logo Headway
Min. Deposit: $1
Max. Leverage: 1:30
Trading Platforms: MT4, MT5
Regulation: FSCA
Headway Review
M1 Finance Review Logo M1 Finance
Min. Deposit: $100
Max. Leverage: Margin Trading
Trading Platforms: M1 Proprietary Trading Platform, Mobile Apps
Regulation: SEC, FINRA, SIPC
M1 Finance Review