Brokers With Machine Learning

The introduction of machine learning algorithms means that trading has stepped up a level. Brokers that provide access to large datasets alongside other technological innovations have taken advantage of advances in machine learning, allowing clients to harness their power for online trading. This page will cover how machine learning works, the different products available for investing, and how to compare brokers that offer machine learning tools. Our team have also listed the best UK brokers for machine learning:

Top Brokers With Machine Learning Trading

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    In our tests, FxPro’s Trading Central provided AI pattern recognition and technical analysis, aiding trade decisions. The Capitalise.ai integration allowed strategy automation using plain English, simplifying execution and enhancing risk management. Together with cTrader Automate and FxPro Quant, it delivers advanced algorithm development and backtesting features.

    Instruments Regulator Platforms
    CFDs, Forex, Stocks, Indices, Commodities, Futures, Spread Betting FCA, CySEC, FSCA, SCB, FSA FxPro Edge, MT4, MT5, cTrader, AutoChartist, TradingCentral, DupliTrade, Quantower
    Min. Deposit Min. Trade Leverage
    $100 0.01 Lots 1:30 (Retail), 1:500 (Pro)
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    In our evaluations, IG's Trading Central delivered clear AI pattern signals. Its ProRealTime platform enhances trend-line detection and automates strategy creation using AI. Using MT4/5, TradingView, and APIs, execution was swift and dependable, improving entry precision and risk management in real-time.

    Instruments Regulator Platforms
    CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFM, JFSA Web, ProRealTime, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral, ProRealTime
    Min. Deposit Min. Trade Leverage
    $0 0.01 Lots 1:30 (Retail), 1:222 (Pro)
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    When using eToro, we were impressed by its AI tools, particularly the Tori assistant, Alpha Portfolios, and AI-driven public API toolkit. These offered real-time pattern recognition and dynamic risk indicators. In our tests, Tori provided tailored insights, while Alpha Portfolios adjusted strategies and enhanced risk management through live data analysis.

    Instruments Regulator Platforms
    CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs FCA, ASIC, CySEC, FSA, FSRA, MFSA, CNMV, AMF eToro Web, CopyTrader, TradingCentral
    Min. Deposit Min. Trade Leverage
    $50 $10 1:30
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    In recent tests, BlackBull demonstrated excellence as an AI broker with Capitalise.ai, offering no-code strategy automation for real-time execution and enhanced risk management. Trading Central's AI software further contributed by delivering actionable pattern recognition and technical analysis.

    Instruments Regulator Platforms
    CFDs, Stocks, Indices, Commodities, Futures, Crypto FMA, FSA BlackBull Invest, BlackBull CopyTrader, MT4, MT5, cTrader, TradingView, AutoChartist
    Min. Deposit Min. Trade Leverage
    $0 0.01 Lots 1:500
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    In our tests, FOREX.com's AI tools, such as machine learning-driven SMART Signals and behaviour-based Performance Analytics, offered rapid pattern recognition, enhanced trade signals, and clearer risk insights.

    Instruments Regulator Platforms
    Forex, CFDs, Stock CFDs, Indices, Commodities, Futures, Options, Crypto NFA, CFTC, CIRO, FCA, CYSEC, ASIC, SFC, FSA, MAS, CIMA WebTrader, Mobile, MT4, MT5, TradingView
    Min. Deposit Min. Trade Leverage
    $100 0.01 Lots 1:30
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    In our assessments, easyMarkets' Ai, a relatively new platform, provided live market analysis with predictive pattern detection and personalised strategy recommendations. This improved proactive risk management. It quickly identified emerging trends, facilitating better entry decisions. Together with AI-enabled Autochartist on MT4/5, it enhanced trade signal clarity in actual market conditions.

    Instruments Regulator Platforms
    CFDs, Forex, Stocks, Indices, Commodities, Crypto CySEC, ASIC, FSCA, FSC, FSA easyMarkets App, Web Platform, MT4, MT5, TradingView, TradingCentral
    Min. Deposit Min. Trade Leverage
    $25 0.01 lots 1:2000
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    In our recent tests, Plus500's BAIGUI AI Index allowed investment in leading AI firms such as Nvidia and Palantir via one CFD trade. The Capitalise.ai tool enabled automatic strategy execution with natural language. Together with TradesViz's AI-assisted trade journaling, this improved account analysis.

    Instruments Regulator Platforms
    CFDs on Forex, Stocks, Indices, Commodities, ETFs, Options FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA WebTrader, App
    Min. Deposit Min. Trade Leverage
    $100 Variable 1:30

Safety Comparison

Compare how safe the Brokers With Machine Learning are and what features they offer to protect traders.

Safety Comparison
Broker Trust Rating FCA Regulated Negative Balance Protection Guaranteed Stop Loss Segregated Accounts
FXPro 4.4
IG 4.9
eToro 4.5
BlackBull Markets 3.8
Forex.com 4.9
easyMarkets 4.1
Plus500 3.5

Payments Comparison

Compare which popular payment methods the Brokers With Machine Learning support and whether they have trading accounts denominated in British Pounds (GBP).

Payments Comparison
Broker GBP Account Debit Card Credit Card Neteller Skrill Apple Pay
FXPro
IG
eToro
BlackBull Markets
Forex.com
easyMarkets
Plus500

Mobile Trading Comparison

How good are the Brokers With Machine Learning at mobile trading using apps or other mobile interfaces.

Mobile Trading Comparison
Broker Mobile Apps iOS Rating Android Rating Smart Watch App
FXPro iOS & Android 4.7 4.3
IG iOS & Android 4.6 4
eToro iOS & Android 4 3.8
BlackBull Markets iOS & Android 3.7 3.7
Forex.com iOS & Android 3.6 3.8
easyMarkets iOS & Android 4.6 3.6
Plus500 iOS, Android & Windows 4.1 4.3

Beginners Comparison

Are the Brokers With Machine Learning good for beginner traders, that might want an affordable setup to get started, along with good support and educational resources?

Beginners Comparison
Broker Demo Account Minimum Deposit Minimum Trade Support Rating Education Rating
FXPro $100 0.01 Lots 4 4
IG $0 0.01 Lots 4.5 5
eToro $50 $10 2.5 4
BlackBull Markets $0 0.01 Lots 4 4.3
Forex.com $100 0.01 Lots 4.3 4.5
easyMarkets $25 0.01 lots 3.8 4
Plus500 $100 Variable 4 3

Advanced Trading Comparison

Do the Brokers With Machine Learning offer features that allow for more advanced trading strategies?

Advanced Trading Comparison
Broker Automated Trading Pro Account Leverage VPS AI Low Latency Extended Hours
FXPro Expert Advisors (EAs) on MetaTrader, cBots on cTrader 1:30 (Retail), 1:500 (Pro)
IG Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime 1:30 (Retail), 1:222 (Pro)
eToro Automate your trades via CopyTrader - follow profitable traders. Open and close trades automatically when they do. 1:30
BlackBull Markets Expert Advisors (EAs) on MetaTrader, cTrader Automate 1:500
Forex.com Expert Advisors (EAs) on MetaTrader 1:30
easyMarkets Expert Advisors (EAs) on MetaTrader 1:2000
Plus500 1:30

Detailed Rating Comparison

Use this heatmap to compare our detailed ratings for all of the Brokers With Machine Learning.

Detailed Rating Comparison
Broker Trust Platforms Mobile Assets Fees Accounts Support Research Education
FXPro 4.4 4.3 4.5 4 4 3.8 4 4 4
IG 4.9 4.9 4.3 4.5 3.5 4 4.5 4.9 5
eToro 4.5 2.8 3.9 3.8 3.4 4.1 2.5 4.3 4
BlackBull Markets 3.8 4.6 3.7 4 3.8 4.3 4 4 4.3
Forex.com 4.9 4.6 3.7 4.3 4.6 4 4.3 4.8 4.5
easyMarkets 4.1 4 4.1 3.5 3.3 3.8 3.8 4 4
Plus500 3.5 3.1 4.2 3.5 4 4.1 4 2 3

Our Take On FXPro

"FxPro is an excellent choice for traders, offering swift execution speeds under 12ms, reduced fees since 2022, and outstanding charting platforms like MT4, MT5, cTrader, and FxPro Edge."

Pros

  • FxPro provides four dependable charting platforms, including the user-friendly FxPro Edge. It features more than 50 indicators, 7 types of charts, and 15 different timeframes.
  • FxPro's Wallet is a notable feature enabling traders to securely manage their funds. It ensures additional protection and ease by separating unused funds from active trading accounts.
  • FxPro uses a 'No Dealing Desk' (NDD) model for swift and transparent order execution, usually within 12 milliseconds, making it well-suited for short-term trading strategies.

Cons

  • FxPro, with its $10M funded demo account and expanding Knowledge Hub, mainly caters to experienced traders. Beginners might find its account and fee structure challenging to understand.
  • FxPro offers customer support five days a week around the clock, accessible via various platforms, and the service quality is reliable based on tests. However, the absence of weekend support can be a drawback for traders requiring help beyond standard market times.
  • There are no passive investment options such as copy trading or interest on cash. While traders might not find these essential, competitors like eToro, which accommodate both active and passive investors, offer more extensive services.

Our Take On IG

"IG offers a complete package with an intuitive online platform, top-tier beginner education, advanced charting tools through its TradingView integration, real-time data, and swift execution for seasoned traders."

Pros

  • The web-based platform supports traders at every level, offering advanced charting tools and real-time market data vital for trading. Additionally, IG now includes TradingView integration.
  • The ProRealTime advanced charting platform remains free, provided traders meet modest monthly activity requirements.
  • As a seasoned broker, IG adheres to stringent regulatory standards across various regions, ensuring significant trust.

Cons

  • IG imposes a monthly inactivity fee of $12 after two years, discouraging occasional traders.
  • Based on tests, stock and CFD spreads remain less competitive than the lowest-cost brokers, such as CMC Markets.
  • Beginners may find IG's fees complicated, as they vary depending on the trades or services. This could cause confusion and unexpected costs.

Our Take On eToro

"eToro's social trading platform excels with its outstanding user experience and lively community chat, aiding beginners in spotting opportunities. It offers competitive fees on numerous CFDs and real stocks, alongside exceptional rewards for seasoned strategists."

Pros

  • There is an extensive online training academy offering a range of accessible resources, from concise articles to detailed courses.
  • Utilising TradingView, the charts provide robust tools for technical analysis, featuring nine chart types and more than 100 indicators.
  • Leading traders participating in the broker's Popular Investor Programme can earn yearly compensation of up to 1.5% of the copied assets.

Cons

  • The only significant contact option, besides the in-platform live chat, is limited.
  • There are no assured stop-loss orders, which could be a valuable risk management tool for novice traders.
  • The minimum withdrawal is set at $30, accompanied by a $5 fee. This may impact traders with limited funds, particularly those just starting out.

Our Take On BlackBull Markets

"Following the upgrade to Equinix servers in New York, London, and Tokyo, BlackBull has reduced latency, making it a clear choice for stock CFD trading using ECN pricing."

Pros

  • BlackBull provides three ECN-powered accounts—Standard, Prime, and Institutional—to cater to traders of all experience levels, from novices to seasoned professionals. The variety of account types allows for flexible options tailored to individual trading needs and available capital.
  • After collaborating with ZuluTrade and Myfxbook, upgrading its CopyTrader, and activating cTrader Copy, BlackBull provides an exceptionally thorough trading experience.
  • BlackBulls's research excels, particularly in the daily 'Trading Opportunities' articles. These publications simplify complex market dynamics into clear insights, enabling traders to effectively capitalise on emerging trends.

Cons

  • Unlike many leading brokers, BlackBull imposes a bothersome $5 fee for withdrawals. This charge can reduce the overall cost-effectiveness, particularly for traders who regularly transfer funds.
  • Despite an expanding range of over 26,000 assets, including new additions to Asia Pacific indices, their offerings are primarily equities. The selection of currency pairs and indices remains average.
  • BlackBull does not offer its own trading platform, instead utilising MetaTrader, cTrader, and TradingView. Although these platforms are highly regarded, some brokers, such as eToro, provide proprietary platforms with distinct features that cater well to novice traders.

Our Take On Forex.com

"FOREX.com excels in serving traders of all levels, offering more than 80 currency pairs, spreads starting at 0.0 pips, and competitive commissions. Its robust charting platforms provide over 100 technical indicators and comprehensive research tools."

Pros

  • FOREX.com provides top-tier forex rates beginning at 0.0 pips, along with attractive cashback rebates up to 15% for dedicated traders.
  • The in-house Web Trader remains a standout platform, excellently crafted for budding traders. It features a sleek design and offers more than 80 technical indicators for thorough market analysis.
  • With more than two decades of expertise, strong regulatory governance, and numerous accolades, including a second-place finish in our 'Best Forex Broker' awards, FOREX.com is globally renowned as a reliable trading platform.

Cons

  • FOREX.com's MT4 platform provides around 600 instruments, a notable reduction compared to the more than 5,500 options on its other platforms.
  • Demo accounts are typically limited to 90 days, hindering effective strategy testing.
  • Funding choices are restricted when compared to top options such as IC Markets. Many popular e-wallets, including UnionPay and POLi, are noticeably absent.

Our Take On easyMarkets

"easyMarkets offers fixed spreads from 0.7 pips, ideal for new traders needing predictable costs. With a Bitcoin-based account available, it's also a top choice for crypto-focused traders wishing to trade, deposit, and withdraw in digital currencies."
Christian Harris
Christian Harris
Reviewer

Pros

  • easyMarkets prioritises risk management by offering negative balance protection and guaranteed stop losses. In 2024, its dealCancellation feature on the Web Trader was improved to allow for cancellation periods of 1, 3, or 6 hours.
  • Having over two decades of experience, numerous accolades, and authorization from two top-tier regulators, easyMarkets consistently upholds its reputation as a reliable broker for active traders.
  • While most brokers we've reviewed—over 90%—offer variable spreads, easyMarkets stands out by providing fixed spreads starting at 0.7 pips. Fixed spreads ensure predictability in trading costs, a major benefit for novices and those operating in volatile markets.

Cons

  • easyMarkets is lagging due to the absence of copy trading features found at industry leader eToro. These features are highly sought after by novices wishing to emulate strategies of seasoned traders.
  • easyMarkets delivers solid educational resources tailored for beginners, though it doesn't quite meet the needs of seasoned traders. The Academy presents well-structured courses with interactive gamification, yet the content is somewhat superficial.
  • easyMarkets lacks a zero-spread account, unlike Pepperstone, which may disadvantage traders and high-frequency traders needing low transaction costs.

Our Take On Plus500

"Plus500 provides a seamless experience for traders with its CFD platform, featuring a sleek design and interactive charting. However, its research tools are basic, fees are higher than the most economical brokers, and its educational resources could be improved."

Pros

  • The broker provides commission-free trading across a variety of markets, reducing extra charges and attracting experienced traders.
  • Plus500 offers a dedicated WebTrader platform tailored specifically for CFD trading. It features a user-friendly and streamlined interface.
  • The customer support team consistently delivers reliable support around the clock through email, live chat, and WhatsApp.

Cons

  • Educational resources are not as extensive as leading brokers such as eToro, which affects beginners' ability to learn quickly.
  • Algorithmic trading and scalping are not available, potentially deterring certain traders.
  • The lack of social trading features prevents users from copying trades made by seasoned traders.

Machine Learning Explained

Machine learning is a branch of artificial intelligence (AI) whereby machines learn and adapt without explicit human intervention. Instead, algorithms are used to mimic human ways of learning, often through analysing large datasets. For instance, machine learning could help examine the price dynamics of all FTSE-listed stocks.

Massive technological advances have made machine learning integral in many industries including healthcare, supply chain management, and manufacturing. Machine learning is at work every time you do a search on Google; it is used in traffic control systems, by police in facial recognition systems, at airport security, and in many other contexts.

In online trading, machine learning is mainly used to spot patterns in large datasets. In this sense, it can be used in a similar way to a trader who implements technical analysis to make trades. However, machine learning algorithms have access to vastly more data than a human can analyse and they work much faster.

How Does It Work?

Establishing trends is an important part of investing, particularly in volatile markets such as forex and stocks. Machine learning algorithms are essentially good at processing large amounts of data to identify patterns that cannot be easily spotted by humans. Being able to correctly identify and anticipate market fluctuations has numerous benefits to traders, not least helping to time entry and exit points.

So how does it work? Machine learning is an AI technique that teaches computers to learn from experience. It typically uses two main styles; unsupervised learning and supervised learning.

  • Supervised Learning – A supervised algorithm uses an established dataset, with recorded outputs. It is used to train a model to generate future response predictions for new data.
  • Unsupervised Learning – An unsupervised algorithm establishes hidden, or unknown patterns in data without relying on data input or output history to determine a unique pattern.

Machine Learning For Trading

Typically, retail investors will study previous market data to find patterns, and then use this to predict future price movements. Manual trading, however, can be a slow process, particularly for beginners, and often creates inconsistent or unreliable outputs. Machine learning is much faster and provides a more accurate evaluation of data.

Below we outline a few ways in which machine learning can be applied in the trading world:

  • Trading Robots – Bots or Expert Advisors (EAs) are algorithms that automatically open and close users’ positions based on the parameters they input, and those machine learning competencies are widely available in the market today. These algorithms have been developed to improve accuracy and effectiveness over time. It is important to note that the success of an algorithm is highly reliant on a trader’s choice of parameters.
  • Market Sentiment – Machine learning can be used to conduct market sentiment analysis. Data is collected from sources such as news platforms and social media networks to be processed via Natural Language Processing (NLP). The overall attitude of investors toward a particular security or financial market can help you determine whether the price of the underlying asset may increase or decrease.
  • Signals – Trading signals can be developed by machine learning algorithms, which do not require any human intervention. These signals can be built using various datasets including historical pricing and previous market volatility and communicate when patterns show that it is a good time for an investor to buy or sell. Some top brokers for machine learning provide a selection of free signals.
  • Real-Time Information – Machine learning algorithms can react to data changes and macroeconomic events in real-time. As these continue to occur, new patterns can be established. Better predictions can be made in the future as the algorithms will determine the impact of specific events on the price of an underlying security.
  • Chatbots – Another machine learning concept used by brokers is chatbot integration. The automated customer support tool is designed to provide a response based on categories and language processing. The chatbot can learn from failure to distinguish better responses for the next chat, ensuring that the user experience improves with time.

Costs

The best brokers for machine learning provide a transparent fee schedule for using artificial intelligence (AI) technology. This may include a one-off cost to use the resource or a profit-based charge in return for dataset trade suggestions. These costs may change frequently, as technological improvements are made and updates are released for improved algorithms. Ensure you are aware of costs and length of availability before signing up.

Moreover, some excellent machine learning brokers have integrated this technology into their clients’ accounts for no added fee. Pepperstone, for example, provides their traders free access to Capitalise.ai’s proprietary technology which uses artificial intelligence (AI), machine learning (ML), and natural language processing (NLP) for custom strategy creation.

Pepperstone's machine learning trading tool Capitalise.ai

Pepperstone – Capitalise.ai

You may also want to consider online courses to learn how to apply machine-learning approaches and generate the best trading decisions. These may also come at a cost, though there are some quality free options available.

Udacity, for example, offers a four-month intermediate course named Artificial Intelligence for Trading for no fee. The programme is designed with statistical considerations in mind including regression trees, and how these can be applied in the investing environment.

Benefits Of Brokers With Machine Learning

  • Statistics-Based – Machine learning algorithms are based on data only. This means there are no emotional influences or biases when the tool generates investment suggestions.
  • Market Understanding – Automated bots or machine learning software can help traders understand financial markets and determine patterns that may otherwise not be distinguished by retail investors.
  • Increased Speed – Machine learning has been developed to find patterns in large volumes of data. Brokers with machine learning provide retail investors with a way to identify opportunities. As a large amount of time is needed to find patterns before trade decisions can be made when performing analysis manually, machine learning is a much quicker method.

Drawbacks Of Brokers With Machine Learning

  • Fees – Using machine learning for online trading can be expensive. Brokers with machine learning may require fees or a minimum account balance in return for using third-party tools. Machine learning developers may also set their own charges which, most likely will be passed onto investors.
  • Human Intervention – Whether you are using machine learning to distinguish patterns or creating an automated bot, human touch and intuition is often necessary for the algorithm to deliver suitable results. This also includes having the relevant experience and knowledge to know how to interpret insights gained through machine learning. Therefore, using machine learning in trading may not be as straightforward as it seems.
  • Fine-Tune Needed – Frequent tool updates are required to minimise mistakes and ensure the algorithm is working effectively. This may include fine-tuning datasets or amending filters to generate appropriate outputs. The requirements will keep changing over time, and the process of updating systems can outweigh the advantages of ML.

Choosing Brokers That Offer Machine Learning

Comparing the best brokers for machine learning can take time, particularly given that this is a relatively new concept with lots of experimental or underdeveloped tools available. When using third-party developers offered by brokers with machine learning, check reviews and credentials before investing your time and money.

There are also factors to consider outside of their AI tool package when selecting the best brokers with machine learning. We outline some of these below:

Payment Methods

Does the broker accept GBP account funding? Deposit and withdrawal methods are not something to be overlooked when comparing brokers for machine learning. A choice of payment methods with fast funding times is important. You don’t want to be caught out with delays to enter the market whilst waiting for your money to be processed, or experience costly conversion fees for your capital to be processed into an accepted account denomination.

Fees

While some machine learning brokers offer access to these tools without any direct charges, that doesn’t mean you won’t pay indirectly. It is worth considering all the fees charged by a broker, including commissions and spreads, charges for deposits and withdrawals, and account maintenance fees, when choosing a machine learning broker.

Look out for low, or no commission charges and cheap in-built spreads as these may eat away at your profits. Pepperstone, for example, provides ‘razor-sharp pricing’ with quotes from multiple tier-1 banks and financial institutions. A commission fee of £2.25 applies for GBP accounts trading CFDs on forex.

Regulation

Another key consideration when comparing the best brokers for machine learning is their regulatory status and customer safeguarding initiatives. Registration with reputable financial authorities such as the Financial Conduct Authority (FCA) will provide a degree of financial and personal information protection.

Also check your personal capital is held separately from business money to protect it in the case of insolvency, and confirm that the broker will provide negative balance protection if your account balance falls below £0.

Customer Support

Access to responsive and reliable customer service is important when choosing between brokers for machine learning. You will want to ensure you can speak to a member of the broker’s customer support team during trading hours. This is particularly important for any questions regarding AI implementation.

The best brokers will provide 24/7 help, though 24/5 support is often adequate.

Bottom Line On Brokers With Machine Learning

The best brokers for machine learning provide time-saving and low-cost automation tools to improve investment decisions. Although there are advantages to using artificial intelligence features for trading, there are still risks involved, particularly when it comes to fine-tuning algorithms. Machine learning is not a magic bullet that will make all your trades profitable, and ML tools will not necessarily suit investors of all experience levels.

Register with one of the top brokers with machine-learning trading tools to get started.

FAQ

Is Machine Learning Suitable For Trading?

Machine learning is becoming a widely offered service by many top brokers. It can be applied to trading scenarios through signals, bots, and algorithms which evaluate large datasets relevant to specific instruments, such as stocks, forex, commodities and cryptos.

Is Machine Learning Suitable For Beginner Investors?

Machine learning can be suitable for beginners, though we would not recommend trading solely based on the suggestions of AI. Ensure you have basic market and investing knowledge before getting started. Also test any outputs in a demo environment before risking real funds.

How Can I Compare Machine Learning Brokers?

Aside from the quality of the machine learning tools offered by online brokers, consider fees, UK regulatory status, customer support, and access to stable platforms and the best trading apps. Alternatively, our team have ranked the best machine learning brokers.

Does Machine Learning Improve Trading Profits?

Machine learning tools such as robots and signals can improve profit potential if used correctly. There is, however, always a degree of risk involved, and traders must be able to accurately interpret and judge the signals generated by machine learning.

What Types Of Machine Learning Work For Online Trading?

Machine learning is becoming more available within retail trading markets. Whether that is through the use of automated chatbots, signals, or market sentiment data, you will likely come across many machine learning features without even realising it.