9 Best Auto Trading Brokers and Platforms for 2025

It focuses on range-based trading during low-volatility periods and offers extensive customization options, allowing users to adjust risk levels and trading parameters. The forex software maintains a constant vigil over the market, and the moment the pre-defined conditions are satisfied, the robot trade forex automatically, without any human intervention. Given its popularity, there is plenty of misleading information about Forex trading robots and EAs.

The automated trading software will do that for you and will execute orders even when you are too busy to check your trading account. In this guide, we will cover all the automated trading information you may need. We will also list the 12 best forex brokers that allow the use of automated trading software and are extremely suitable for algorithmic trading. MetaTrader 4 and MetaTrader 5 have long been the go-to auto trading platforms. Using the MetaEditor, you can create Expert Advisors, which are custom scripts for automated trading. There, you’ll find both free and paid algorithmic strategies to get you started.

What sets it apart is its focus on catering specifically to auto traders. It features an intuitive code editor called IntelliSense and operates on the C# programming language, just like MetaTrader. During our research, I was impressed that tastyfx offers a 2% margin rate for trading currency pairs like EUR/USD. This means you only need to put up 2% of the total trade size to open a trade.

This is a time-saving and beginner-friendly way to speculate on currencies while learning from the pros. All you need to do is find an experienced investor and copy their positions. Thorough backtesting and realistic expectations are essential even for the best robot for forex trading. In summary, as a US trader, if you want the best overall US Forex broker with great platforms, execution, and customer service, IG would be a choice that is hard to beat. For those that want signals directly from their US Forex broker, IG has teamed up with Autochartist and PIA First to provide traders with technical and fundamental signals. Our researchers thoroughly test a wide range of key features, such as the availability and quality of watch lists, mobile charting, real-time and streaming quotes, and educational resources – among other important variables.

That means your terminal has to stay on 24/7 unless you use a VPS to keep things running in the cloud. Some platforms still rely on proprietary scripting languages that are poorly documented, non-standard, or simply outdated. Others offer APIs that are fragile, slow to respond, or filled with edge cases that require constant workarounds.

The investor can dictate the lot size, plus the profit to accumulate before closing the position. I trade the major Forex pairs, some Futures contracts, and I rely entirely on Technical Analysis to place my trades. I had a few hundred British pounds saved up (I grew up in England), with which I was able to open a small account with some help from my Dad. I started my trading journey by buying UK equities that I had read about in the business sections of newspapers. I was fortunate enough in my early twenties to have a friend that recommended a Technical Analysis course run by a British trader who emphasized raw chart analysis without indicators.

About Automated Trading Software

• All told, we think Trading.com provides a straightforward trading environment with excellent options for trading with bots through EAS, competitive costs and a wide variety of instruments for trading.
• Although it doesn’t offer other asset classes like stocks or commodities, I rate the range of currency pairs as better than average.
• He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016.
• Founded in 2019 and launching its U.S. retail forex services in 2022, Trading.com is regulated by top-tier financial authorities such as the NFA and CFTC.
• However, it’s crucial to check the specific regulations in your country of residence.

With Schwab, you can set up automatic investments in eligible mutual funds within your brokerage account by going to the Trade section and selecting Automatic Investing. While thinkorswim offers features similar to MetaTrader 4, it stands out with its advanced charts, calculators, and expert advisors (EAs), supporting a wide range of trading strategies. Suitable even for professional traders, FOREX.com’s advanced charting features an extensive array of chart types, timeframes and technical indicators and drawing tools. Users have the option to save preferred chart types and variables for future use, as well as compare multiple financial markets with overlays. As a leader in online trading for almost two decades, FOREX.com has developed some of the most powerful, flexible analytical tools available.

Best for Broad Pair Support: XAUBOT

Low spreads are essential for automated trading because they reduce the cost of your trades, improving your profit margins – especially if your strategy trades frequently throughout the day. Copy trading is when you mirror the trades of experienced traders in real-time. You choose a trader whose strategies you like, and your account automatically replicates their trades.

Automated Forex Trading – What Software Do Forex Traders Use

Regrettably, neither the MT4 nor the MT5 trading platform is available at eToro, nor any competitive alternative, making a number of traders and potential strategies follow the most significant assets at this market maker. FP Markets is an ASIC-regulated Australian automated trading Forex broker, which launched in 2005. FP automated forex trading Markets also offers 60 Forex pairs and crosses, 11 equity indices, the major commodities, and 5 cryptocurrencies including Bitcoin. From advanced market research to a broad range of trading products and competitive spreads, Tastyfx offers everything an advanced trader needs to optimize their automated trading strategies.

TRADING.COM – The Best Forex Broker For MetaTrader 5

MT5’s programming language is MQL5 while EasyLanguage is TradeStation’s simple coding language that is particularly popular with beginners. Python and R are also suitable for programming automated forex trading systems. Verify that the broker’s trading platform offers full support for automated trading and is fully compatible with the specific forex trading software you intend to utilize (e.g., MetaTrader 4 (MT4), MetaTrader 5 (MT5)).

These programs cover all aspects of your trades, including trade criteria, execution rules, and risk management – allowing the program complete control over your trading. We recommend FOREX.com for its excellent MT4 and MT5 platform options like MT4 which include advanced trading tools and charting abilities suitable for even experienced traders. If you intend to pursue automated trading for forex, this broker offers nine proprietary EAs, including Sentiment Trader. These robots have been tested over time and have provided excellent results in terms of profitability and consistency. They are equipped with advanced features such as money management tools, backtesting capabilities, and adjustable trading parameters, which can help optimize their performance according to individual preferences. Whether you’re a beginner or an experienced trader, these robots have something to offer.

Its no-code strategy tester lets you build or tweak trading strategies in plain English, and the results come with easy-to-read visuals showing metrics like win rate, drawdown, and risk-reward ratio. Whether you build your own automated trading bot or take advantage of a pre-existing automation largely depends on your preferred forex trading strategy and your experience level. Automation software tools use Forex trading robots to identify trading opportunities and enter or exit market positions. These robots only need to be set up, thereafter do not need manual involvement. The best financial market for using automated trading software is the Forex market. It’s ideal because of its deep liquidity, which means many buyers and sellers are available during all market Forex Trading Hours.

FP Markets offers access to all three through its Standard and Raw ECN trading accounts, featuring low spreads and commissions, ultra-fast execution speeds, and deep liquidity. If you’re interested in putting automated forex trading strategies to the test, consider exploring reputable brokers like Pepperstone, FP Markets or Deriv. They offer the platforms, tools, and regulatory oversight needed to get started safely and effectively. Remember to start with a demo account to test your chosen robot or copy trading strategy before risking real capital. Keep in mind that these platforms are designed by their respective developers and numerous other brokers offer the same software.

• These software solutions allow you to track the trades and suggestions of more experienced traders, with ZuluTrade automatically executing orders identical to those of other traders.
• The robust trading platform offers advanced charting capabilities, real-time market data, and automation features.
• A broker will charge fees for various services and products to keep their business running.
• You can either become a provider of signals and charge a performance fee on anyone who copies your trades, or you can simply follow other traders to replicate their trades on your own account.

Charles Schwab – Good Trading Features For Automation

Don’t be fooled into thinking that, from time to time, the plug doesn’t get pulled. Implementation is the process of applying the model in a real-time, and more importantly, real-money environment. The above chart shows the price of the US Dollar Basket (USD vs a group of other currencies) touching the monthly 100 SMA (Simple Moving Average).

After testing it in a demo account and performing extensive backtests, you should start it on a live account with low leverage and low capital for testing in real market conditions. So many people believe that automated trading does not work because the industry has grown to sell automated trading robots and other trading apps. It depends on whether the algorithm used to direct the auto trader bot’s trades works in the market conditions in which the asset(s) it trades is in. There are indeed algorithms based on trend following and mean reversion that are usually profitable over the long term because these are both properties of speculative markets that can be exploited. So, human discretion in trade entries and exits is not necessary for profitable trading. Some brokers are more suitable for cost-sensitive strategies while others might excel for execution-sensitive strategies.

What is algorithmic trading?

Once these conditions are met, the robot automatically makes trades, managing entry and exit points without your direct involvement. These robots are great for consistent trading and can operate round the clock, making them helpful in taking advantage of market opportunities even when you’re not actively monitoring the market. The programs are helpful because they can operate 24/5, even when you’re not actively monitoring the markets (or asleep). You can automate your trades in any available market, from stocks to forex, which is helpful if your strategy is technical analysis-based.