Automated Forex Trading

Automated forex trading strategies are nothing new – adopted by institutional traders for decades. But their growth in the retail investing scene has seen them become more accessible on PC and mobile platforms. Automated forex trading systems and strategies allow individuals to process data and execute trades at unmatched speeds. In this review, we cover how automated forex trading works, some of the best software in the UK and how to get started for beginners.

Brokers with Auto Trading

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Found 179 Brokers
Pepperstone offers spread betting andCFD trading to both retail and professional traders. Clients can trade FX, indices, commodities and shares on MT4, MT5 and cTrader platforms.
Demo Account
Yes
Regulated By
FCA, ASIC, SCB, DFSA, CMA, BaFin
MT4 Integration
Yes
Min. Deposit
£200 / $200
Min. Trade
0.01 Lots
Crypto
No
CMC Markets is headquartered in London and listed on the LSE (FCA Regulated). They offer competitive spreads on a global range of assets via a next generation platform.
Demo Account
Yes
Regulated By
FCA, ASIC, IIROC, MAS
MT4 Integration
Yes
Min. Deposit
£ 0
Min. Trade
0.01 Lots
Crypto
No
FXCC is a highly regulated and trustworthy MT4 trading broker.
Demo Account
Yes
Regulated By
CySEC, FCA
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
No
Leading forex and CFD broker regulated in Ireland, Australia, Canada and South Africa. Avatrade are particularly strong in integration, including MT4
Demo Account
Yes
Regulated By
CBoI, ASIC, FSB
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
$1
Crypto
No
Eightcap is a multi-regulated FX & CFD broker offering the MT4 & MT5 platforms. Award winning platform, zero commission, free education and low spreads.
Demo Account
Yes
Regulated By
ASIC, VFSC
MT4 Integration
Yes
Min. Deposit
£/€/$100
Min. Trade
0.01 lots
Crypto
No
Trade CFDs on a powerful and intuitive trading platform. Over 300 markets to trade, with tight spreads and multi-device support. CySec Regulated.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
Yes
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
No
Min. Deposit
$200 ($50 in US)
Min. Trade
$1
Crypto
Yes
Deriv.com are a new brokerage, offering options and CFDs on a simple, reliable, flexible platform. Get access to volatility indexes exclusively at Deriv.
Demo Account
Yes
Regulated By
Malta (MFSA), Labuan (LFSA), Vanuatu (VFSC), British Virgin Islands (BFSC)
MT4 Integration
No
Min. Deposit
€/£/$5
Min. Trade
0.01 Lots
Crypto
No
XM.com Offer a range of Account types and a low minimum deposit to appeal to all levels of trader. With 1000+ markets and low spreads they offer a great service.
Demo Account
Yes
Regulated By
IFSC, CySec, ASIC
MT4 Integration
Yes
Min. Deposit
5 $/€/£
Min. Trade
0.01 Micro lots
Crypto
No
Trade Forex on 0.0 pip spreads with the world's leading True ECN forex broker - IC Markets.
Demo Account
Yes
Regulated By
ASIC, CySec, FSA
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 Lots
Crypto
Yes
Axi is a global online FX and CFD trading company, trusted by 60,000+ ambitious customers in 100+ countries around the world.
Demo Account
Yes
Regulated By
FCA, ASIC, FMA
MT4 Integration
Yes
Min. Deposit
0 $/€/£
Min. Trade
0.01 Lots
Crypto
Yes
Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer very tight spreads and a cutting edge platform.
Demo Account
Yes
Regulated By
CySEC, NFA, CFTC, FCA, FSA, IIROC and CIMA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
$1
Crypto
Yes
LegacyFX is a multi-asset broker offering an MT5 download & free signals.
Demo Account
Yes
Regulated By
CySEC, FCA, VFSC, NBRB
MT4 Integration
No
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
Reliable and affordable trading since 2009. Join over 400,000 others trading on 300+ CFD products over assets like forex, gold, indices and shares from 0.0 spreads through TradingView, MT4 or MT5. Vantage FX is ASIC regulated and client funds are segregated. Open an account in under 5 minutes.
Demo Account
Yes
Regulated By
ASIC, FCA, CIMA
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 Lots
Crypto
No
FXTM is a leading forex and CFD broker. Offering a huge range of markets and 6 account types, they cater to all levels of trader.
Demo Account
Yes
Regulated By
CySec, FCA and FSC of the Republic of Mauritius
MT4 Integration
Yes
Min. Deposit
From $50
Min. Trade
0.01 lots
Crypto
No
RoboForex is a multi-asset online broker offering powerful trading aides.
Demo Account
Yes
Regulated By
IFSC
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.01 lots
Crypto
Yes
Capital.com offer CFDs and Forex on a huge range of assets, with competitive spreads and unique platforms, including the fully functional mobile app.
Demo Account
Yes
Regulated By
FCA, CySec, ASIC
MT4 Integration
Yes
Min. Deposit
£/$/€20
Min. Trade
Varies by asset
Crypto
Yes
FXChoice is an offshore retail broker offering MT4 and MT5 platform downloads.
Demo Account
Yes
Regulated By
IFSC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
OBR Invest is a CySEC-regulated forex, CFD and cryptocurrency trading broker offering the MetaTrader 4 platform.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01
Crypto
Yes
Trade Nation is a top FX and CFD broker regulated in multiple jurisdictions incl the UK and Australia. They boast tight spreads and no minimum deposit.
Demo Account
Yes
Regulated By
FCA, ASIC, FSCA and SCB
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.1 lots
Crypto
No
FBS is a top online broker offering MT4 & MT5 trading across a range of instruments.
Demo Account
Yes
Regulated By
IFSC, CySEC, ASIC, FSCA
MT4 Integration
Yes
Min. Deposit
$1
Min. Trade
0.01 lots
Crypto
Yes
LiteForex Europe is an FX and CFD broker offering sophisticated trading tools.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
0.01 lots
Crypto
No
ROInvesting is an online CFD broker regulated by the CySEC.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
Yes
GO Markets is an ASIC-regulated FX & CFD broker.
Demo Account
Yes
Regulated By
ASIC
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
Yes
ThinkMarkets is a multi-regulated forex and CFD broker
Demo Account
Yes
Regulated By
FCA, ASIC, FSCA, FSA Seychelles
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
Yes
Established spread betting, forex and CFD broker with over 30 years in the business. Regulated around the globe.
Demo Account
Yes
Regulated By
ASIC,FCA
MT4 Integration
Yes
Min. Deposit
£/$100
Min. Trade
0.01 Lots
Crypto
Yes
NinjaTrader offer Traders Futures and Forex trading. Use Auto-trade algorithmic strategies and configure your own trading platform, and trade at the lowest costs.
Demo Account
Yes
Regulated By
NFA, CFTC
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
Varies by asset
Crypto
No
IG offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have a 40 year track record of excellence.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
£250
Min. Trade
£1
Crypto
No
Multi-Award winning broker. Specialising in Forex but also offering stocks and tight spreads on CFDs and Spread betting across a huge range of markets.
Demo Account
Yes
Regulated By
CySec, FCA, SCB, FSCA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 Lots
Crypto
Yes
Dukascopy is a Swiss-based forex, CFD, and binary options broker
Demo Account
Yes
Regulated By
FINMA, FCMC, JFSA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Binary.com are the established pioneers of binary options. The choice of the advanced trader, Binary.com offer the greatest flexibility of any binary broker. They also offer Forex and CFD via the MT5 platform.
Demo Account
Yes
Regulated By
MGA
MT4 Integration
Yes
Min. Deposit
$5
Min. Trade
$1
Crypto
Yes
Instaforex provide Forex, CFDs, Stock and Cryptocurrency trading. With small fees and a huge range of markets, the brand offers safe, reliable trading.
Demo Account
Yes
Regulated By
CySec
MT4 Integration
Yes
Min. Deposit
€1 to €1000 (Account choice dependent)
Min. Trade
0.01 Lots
Crypto
No
Sage FX is an MT4 trading broker offering high leverage rates and secure mobile investing.
Demo Account
Yes
Regulated By
Pending
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.01 lots
Crypto
Yes
Colmex Pro is a top retail trading provider offering competitive pricing.
Demo Account
Yes
Regulated By
CySEC, FSCA
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
No
Squared Financial is a CySEC-regulated forex & CFD broker with 10,000 tradeable assets for both MT4 and MT5.
Demo Account
Yes
Regulated By
CySEC, FSA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
XGlobal Markets offers online trading in forex and CFDs through the industry-renowned MT5 platform.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
No
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
No
Tier1FX is a regulated CFD and forex trading broker.
Demo Account
Yes
Regulated By
MFSA
MT4 Integration
Yes
Min. Deposit
$1,000
Min. Trade
0.01 lots
Crypto
Yes
Varianse is an online broker offering unique instruments and powerful analysis tools.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
No
Fortrade is a multi-asset broker offering a simple live account with advanced tools.
Demo Account
Yes
Regulated By
FCA, ASIC, CySEC, NBRB, IIROC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
FortFS is a multi-asset trading broker offering a range of tools & resources.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$5
Min. Trade
0.01 lots
Crypto
Yes
FP Markets is a multi-asset broker offering a choice of trading platforms.
Demo Account
Yes
Regulated By
ASIC, CySEC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Hirose is a regulated and dedicated forex and binary options trading broker.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$20
Min. Trade
0.01 lots
Crypto
No
FXFlat offers several asset classes on the MetaTrader 4 & MetaTrader 5 platforms.
Demo Account
Yes
Regulated By
BaFin
MT4 Integration
Yes
Min. Deposit
€200
Min. Trade
0.01 lots
Crypto
Yes
Grand Capital is an MT4 retail trading broker offering multiple bonuses.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.01 lots
Crypto
Yes
CMSTrader offers multi-asset trading with fast payment speeds & useful features.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
OctaFX offers multi-asset trading on a range of platforms and mobile solutions.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
EZ Invest is a CySEC-licensed broker offering trading on the financial markets.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
ForexMart is an EU-regulated broker offering MT4 trading on stocks, FX and cryptos.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
1 EUR/USD
Min. Trade
0.01 lots
Crypto
Yes
Forex4you offers retail trading on a choice of top trading platforms.
Demo Account
Yes
Regulated By
BVI FSC
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
No
FXGiants is a top trading provider, offering a breadth of assets on the MT4 platform.
Demo Account
Yes
Regulated By
FCA & ASIC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
SmartFX is a leading online provider of forex, CFDs and futures.
Demo Account
Yes
Regulated By
VFSC
MT4 Integration
No
Min. Deposit
Undisclosed
Min. Trade
0.01 lots
Crypto
No
Trade on the financial markets with the latest technology at City Credit Capital.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
No
CFD Global FX is an offshore broker offering trading on multiple financial markets.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
Dsdaq specialises in crypto trading through its accessible mobile app & low deposit.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
0.001 BTC/BCH/LTC
Min. Trade
0.01 lots
Crypto
Yes
Orbex is a trusted forex broker offering several accounts & the MT4 platform.
Demo Account
Yes
Regulated By
CySEC, BaFin, FSC (Mauritius)
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
No
CIX Markets is an FCA-regulated online trading broker offering powerful tools.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.1 lots
Crypto
No
Trade a range of products on the MetaTrader platforms at DMM FX.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
Undisclosed
Min. Trade
0.01 lots
Crypto
Yes
Valutrades is a leading MetaTrader forex & CFD broker.
Demo Account
Yes
Regulated By
FCA, FSA
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
No
Equiti is a global forex & CFD broker offering a proprietary webtrader platform & MT4.
Demo Account
Yes
Regulated By
FCA, JSC, DMCC, SCA, CMA
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
No
TeraFX is a regulated forex broker offering MT4 desktop & mobile trading.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
Noble Trading is an FX & CFD broker offering multiple deposit & payment options.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
TusarFX is a MT4 multi-asset broker offering bonuses & high leverage rates.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$1
Min. Trade
0.01 lots
Crypto
No
TradeTime is an FX broker also offering trading in stocks, commodities, & Bitcoin.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
TrioMarkets is a CySEC-regulated online ECN trading broker.
Demo Account
Yes
Regulated By
CySEC, FSC (Mauritius)
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
GCI offers online trading in 300+ tradable assets with up to 1:400 leverage.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
No
Finexo is a multi-asset online broker regulated by the CySEC.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
HQBroker is a no-frills forex broker offering easy-access live trading accounts.
Demo Account
No
Regulated By
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
No
Tickmill is FCA & CySEC regulated and offers trading in CFDs, FX and commodities.
Demo Account
Yes
Regulated By
FCA, CySEC, FSA, LFSA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
Hantec Markets is a multi-regulated online FX broker offering MT4 and a tailored service providing huge flexibility to suit any trader.
Demo Account
Yes
Regulated By
FCA, ASIC, FSC, FMA, FSA, CGSE, JSC
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
No
101investing.com is a CFD broker providing access to a range of financial markets.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
Yes
Zero Markets is a multi-asset online trading broker offering ultra low spreads.
Demo Account
Yes
Regulated By
ASIC
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
Yes
Juno Markets is a regulated forex broker offering the MT4 trading platform.
Demo Account
Yes
Regulated By
VFSC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
Infinox is a UK-based broker offering MT4 trading with tight spreads.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
£1
Min. Trade
0.01 lots
Crypto
No
ICM Brokers is a regulated MT4 broker offering online trading in forex & CFDs.
Demo Account
Yes
Regulated By
VFSC
MT4 Integration
Yes
Min. Deposit
$300
Min. Trade
0.01 lots
Crypto
No
LBLV is a MT5 broker offering trading in FX & CFDs.
Demo Account
Yes
Regulated By
FSA (Seychelles)
MT4 Integration
No
Min. Deposit
$5,000
Min. Trade
0.01 lots
Crypto
No
FXOpen is a highly regulated FX & CFD broker offering multiple trading platforms.
Demo Account
Yes
Regulated By
FCA, ASIC
MT4 Integration
Yes
Min. Deposit
$300
Min. Trade
0.01 lots
Crypto
Yes
DeltaStock is a multi-asset online broker offering desktop & mobile trading tools.
Demo Account
Yes
Regulated By
FSC (Bulgaria)
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Trade the markets with MT4 trading tools alongside CySEC regulation.
Demo Account
Yes
Regulated By
CYSEC, VFSC, FSCA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Axes offers multi-asset trading through the MT5 platform and mobile app.
Demo Account
Yes
Regulated By
FSA, IFMRRC
MT4 Integration
No
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Land FX is a trusted global FX & CFD trading broker offering the MT4 & MT5 platforms.
Demo Account
Yes
Regulated By
FCA, FSA
MT4 Integration
Yes
Min. Deposit
$300
Min. Trade
0.01 lots
Crypto
No
AAAFx offers automated and copy platforms for forex and CFD trading.
Demo Account
Yes
Regulated By
HCMC (Greece), FSA (St Vincent & Grenadines)
MT4 Integration
Yes
Min. Deposit
$300
Min. Trade
0.01 lots
Crypto
Yes
GKFX is an MT4 trading broker offering a suite of financial instruments & tools.
Demo Account
Yes
Regulated By
MFSA
MT4 Integration
Yes
Min. Deposit
€100
Min. Trade
0.01 lots
Crypto
Yes
Trade on the financial markets with low cost, leveraged products at HYCM.
Demo Account
Yes
Regulated By
FCA, DFSA, CIMA, CySEC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
IronFX offers online trading in forex, stocks, futures, commodities and cryptocurrencies
Demo Account
Yes
Regulated By
FCA, CySEC, ASIC, FSB
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Admiral Markets is leading Forex and CFD broker offering the MT4 & MT5 platforms
Demo Account
Yes
Regulated By
FCA, CySEC, ASIC, JSC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Spectre.ai is a blockchain-based binary options broker
Demo Account
Yes
Regulated By
St. Vincent and the Grenadines
MT4 Integration
No
Min. Deposit
$0
Min. Trade
$1
Crypto
Yes
Libertex - Trade Online. Libertex offer CFD and Forex trading, with fixed commissions and no hidden costs.
Demo Account
Yes
Regulated By
CySec
MT4 Integration
Yes
Min. Deposit
€100
Min. Trade
€20
Crypto
Yes
NordFX offer Forex trading with specific accounts for each type of trader. Zero accounts offer spread from 0 pips, while the Crypto offers optimal cryptocurrency trading. Open account from just $10.
Demo Account
Yes
Regulated By
VFSC
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
$1
Crypto
Yes
FCMarket offers forex, stocks and commodities trading on a choice of live accounts.
Demo Account
Yes
Regulated By
SVG FSA
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
No
HotForex is a forex and CFD broker that is regulated by the FCA and provides access to over 1,000 securities and derivatives on several international markets.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
FXTrading offers online forex, stocks, commodities and crypto financial markets.
Demo Account
Yes
Regulated By
ASIC, VFSC
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
Yes
Trade Pro Futures offers trading across futures & forex assets on multiple platforms.
Demo Account
Yes
Regulated By
NFA
MT4 Integration
Yes
Min. Deposit
$2,500
Min. Trade
0.01 lots
Crypto
No
Global FX is an unregulated broker offering a suite of trading tools and products.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$300
Min. Trade
0.01 lots
Crypto
Yes
Global Prime is a multi-regulated trading broker offering 100+ markets.
Demo Account
Yes
Regulated By
ASIC, VFSC, FSA
MT4 Integration
Yes
Min. Deposit
AUD $200
Min. Trade
0.01 lots
Crypto
Yes
NBH Markets offers 60+ assets with floating spreads and a suite of tools.
Demo Account
Yes
Regulated By
St. Vincent and the Grenadines FSA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
IFC Markets is a top broker offering the bespoke NetTradeX plus MT4 & MT5.
Demo Account
Yes
Regulated By
BVI FSC, Labuan Financial Services Authority
MT4 Integration
Yes
Min. Deposit
1 USD / 1 EUR / 100 JPY
Min. Trade
0.01 lots
Crypto
Yes
Stratton Markets offers leveraged online trading on its Trader platform & MT4.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
£250
Min. Trade
0.01 lots
Crypto
No
Smart Prime FX is an offshore broker offering live, MAM and PAMM accounts.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$25,000
Min. Trade
0.01 lots
Crypto
No
Capex offers a portfolio of trading products and leading investing tools.
Demo Account
Yes
Regulated By
CySEC, FSCA, ADGM
MT4 Integration
No
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Trade.com offers thousands of tradable assets on desktop and mobile platforms.
Demo Account
Yes
Regulated By
FCA, CySEC, FSCA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Lebanese Dealers Corporation (LDC) offers online trading in forex and CFDs across a choice of platforms.
Demo Account
Yes
Regulated By
Central Bank of Lebanon
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
Trade forex and CFDs with rich trading tools and real-time market data.
Demo Account
Yes
Regulated By
FSA Seychelles
MT4 Integration
No
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
ADSS is a regulated forex broker offering $100 minimum deposits & 1:500 leverage.
Demo Account
Yes
Regulated By
Central Bank of the UAE, FCA, SFC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
PaxForex is an offshore broker offering $10 minimum deposits & MT4 trading.
Demo Account
Yes
Regulated By
FSA
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.0001 lots
Crypto
Yes
Amana Capital is a leading retail broker offering deposit bonuses and MT4 trading.
Demo Account
Yes
Regulated By
FCA, DFSA, CySEC, CMA, LFSA, FSC
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
0.01 lots
Crypto
No
ActivTrades offers online trading on the MT4, MT5 and ActivTrader platforms.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
No
AETOS offers trading on the MT4 & MT5 platforms with a deposit joining bonus.
Demo Account
Yes
Regulated By
FCA, ASIC, VFSC, CIMA
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
No
ArgusFX is a Cyprus-based broker offering MT4 trading from a sleek client portal.
Demo Account
No
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
No
The Exness Group offers worldwide online trading across multiple asset classes, including forex, and commodities, on the industry-established MetaTrader 4 and MetaTrader 5 platforms.
Demo Account
Yes
Regulated By
FCA, CySEC, FSCA
MT4 Integration
Yes
Min. Deposit
$1
Min. Trade
$1
Crypto
No
ICM Capitals offers ultra-low spreads on FX, CFDs and futures via the MT4 platform.
Demo Account
Yes
Regulated By
FCA, SVGFSA
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
No
Tradeview is based in the Cayman Islands and offers four leading trading platforms and 100+ financial instruments.
Demo Account
Yes
Regulated By
CIMA, MFSA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
CGS-CIMB is a Singapore-based trading broker offering futures, FX, CFDs & bonds.
Demo Account
Yes
Regulated By
MAS
MT4 Integration
Yes
Min. Deposit
100 SGD
Min. Trade
0.01 lots
Crypto
No
Price Markets offers an extensive list of CFDs on forex, indices and commodities.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$5,000
Min. Trade
0.01 lots
Crypto
No
Optimus Futures is an introducing broker partnering with numerous FCM services. It offers hundred of global assets across 40+ trading platforms.
Demo Account
Yes
Regulated By
CFTC, NFA
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
Variable
Crypto
Yes
AdroFX is a regulated, global broker offering forex, CFD and crypto trading with MT4 access and attractive welcome bonuses.
Demo Account
Yes
Regulated By
FSA, BSSLA
MT4 Integration
Yes
Min. Deposit
$25
Min. Trade
0.01 lot
Crypto
Yes
Naga is a social investing platform offering copy trading on major financial markets including cryptocurrencies and stocks.
Demo Account
Yes
Regulated By
CySEC, FCA
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
Variable
Crypto
Yes
RoboMarkets is an award-winning broker offering flexible margin trading.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$/£/€100
Min. Trade
0.01 lots
Crypto
No
Core Spreads offers CFD trading and spread betting across several asset classes on two top-tier platforms.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
No
ProfitiX offers an interactive desktop and mobile trading experience via MT5.
Demo Account
No
Regulated By
MT4 Integration
No
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
Yes
SVK Markets is a UK-regulated spread betting, forex and CFD broker.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
NPBFX offers trading in leading financial instruments as well as copy trading.
Demo Account
Yes
Regulated By
Financial Commission
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.01 lots
Crypto
Yes
TMS Brokers is a leading European trading broker providing powerful tools and a suite of financial instruments.
Demo Account
Yes
Regulated By
Polish Financial Supervision Authority (KNF)
MT4 Integration
No
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
Yes
TP Global FX offers a long list of popular financial assets with spreads from 0.1 pips.
Demo Account
Yes
Regulated By
SVG FSA, NFA, CAMA Nigeria
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
No
NicoFX facilitates trading in forex and precious metals under CySEC regulation.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
NSFX delivers tight spreads across FX and CFDs on the JForex & MT4 platforms.
Demo Account
Yes
Regulated By
MFSA
MT4 Integration
Yes
Min. Deposit
$300
Min. Trade
0.01 lots
Crypto
No
M4Markets is a forex broker offering deposit bonuses with MT4 & MT5 tools.
Demo Account
Yes
Regulated By
Financial Services Authority (FSA)
MT4 Integration
Yes
Min. Deposit
$5
Min. Trade
0.01 lots
Crypto
No
Zenfinex is a UK-headquartered broker offering social trading, low fees and MT4.
Demo Account
Yes
Regulated By
FCA, SVGFSA
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
0.01 lots
Crypto
No
MultiBank FX is a regulated forex and CFD broker offering sign-up deposit bonuses, tight spreads and MT4 trading.
Demo Account
Yes
Regulated By
ASIC, BaFin, FMA, CNMV, DFSA, FSC, CIMA
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
0.1 lots
Crypto
Yes
LH Crypto combines a digital alt coin exchange with a user-friendly online brokerage offering an array of tools, instruments and payment options.
Demo Account
Yes
Regulated By
VFSC
MT4 Integration
No
Min. Deposit
€10
Min. Trade
0.01 lots
Crypto
Yes
JFD Bank offers comprehensive trading services, complete with MT4 and MT5 platforms and a range of products.
Demo Account
Yes
Regulated By
CySEC, VFSC, BaFin 
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
BlackBull Markets offers forex and CFD trading on the MT4 & MT5 platforms.
Demo Account
Yes
Regulated By
FMA, FSA
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
No
4xCube is a MetaTrader forex broker registered and licensed in the Cook Islands.
Demo Account
Yes
Regulated By
FSC Cook Islands
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.01 lots
Crypto
Yes
Trade forex and CFDs with 1:30 leverage and advanced trading tools.
Demo Account
Yes
Regulated By
FCA, CIMA
MT4 Integration
No
Min. Deposit
$5,000
Min. Trade
0.01 lots
Crypto
No
KLMFX offers traditional assets and markets on the MetaTrader 5 platform.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
No
Trade12 offers multi-asset trading with tiered account levels to suit different needs.
Demo Account
No
Regulated By
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
No
Swissquote is an FCA-regulated FX & CFD broker offering 160+ trading products.
Demo Account
Yes
Regulated By
FCA, FINMA
MT4 Integration
Yes
Min. Deposit
$1,000
Min. Trade
0.01 lots
Crypto
No
EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.01 lots
Crypto
Yes
Trade FX, stocks, cryptos and commodities with powerful trading tools at eXcentral.
Demo Account
No
Regulated By
CySEC, FSCA
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
Yes
SimpleFX is a CFD broker offering its own SFX WebTrader platform & low fees.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
Yes
Capital Index is a spread betting, FX & CFD provider offering reasonable trading fees.
Demo Account
Yes
Regulated By
FCA, ASIC, SCB
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
TeleTrade offers ECN accounts with tight spreads & powerful trading platforms.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
100 EUR/USD
Min. Trade
0.01 lots
Crypto
Yes
Trade stocks, forex and commodities on the CrescoFX platform & MT4 app.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$1,000
Min. Trade
0.01 lots
Crypto
Yes
With multiple trading products and an advanced suite of analysis tools, Darwinex is an excellent online broker.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
Mitto Markets offers multi-asset trading across a range of competitive instruments.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
No
Start trading forex and CFD products on the MetaTrader 4 platform at Finotrade.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$1,000
Min. Trade
0.01 lots
Crypto
No
FIBO Group is a dual-licensed forex broker offering multiple trading platforms.
Demo Account
Yes
Regulated By
CySEC, FSC BVI
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
0.01 lots
Crypto
Yes
FXDD offers online trading in six major asset classes on the MT4, MT5 and WebTrader platforms.
Demo Account
Yes
Regulated By
Malta Financial Services Authority (MFSA), Mauritius Financial Services Commission (MFSC)
MT4 Integration
Yes
Min. Deposit
$/£1
Min. Trade
0.01 lots
Crypto
No
AMarkets offers a suite of tools and trading products on the MT4 & MT5 platforms.
Demo Account
Yes
Regulated By
FSA SVG
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
CPT Markets offers CFDs, futures and options trading on the MT4 platform. 
Demo Account
Yes
Regulated By
FCA, IFSC (Belize)
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
Trade forex, CFDs and futures with leading tools and low minimum deposits.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
No
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
Choose from a multitude of trading platforms and instruments at Intertrader.
Demo Account
Yes
Regulated By
Gibraltar Financial Services Commission & Limited Regulation under the FCA
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
No
Daniels Trading offers a variety of trading solutions & advanced tools.
Demo Account
Yes
Regulated By
National Futures Association (NFA)
MT4 Integration
No
Min. Deposit
$2,000
Min. Trade
0.01 lots
Crypto
No
House of Borse offers trading in over 200 financial instruments on MT4 and MT5.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$5,000
Min. Trade
0.01 lots
Crypto
No
SynergyFX is an Australian broker offering ECN accounts & the MetaTrader platforms.
Demo Account
Yes
Regulated By
ASIC, VFSC
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
0.01 lots
Crypto
No
TIO Markets offers 120 instruments, MetaTrader platforms & PAMM accounts.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$50
Min. Trade
0.01 lots
Crypto
Yes
Larson & Holz offer desktop & mobile trading on FX and CFDs via the MT5 platform.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
No
BP Prime offers MT4 trading with fast executions and a mobile app solution.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$5,000
Min. Trade
0.01 lots
Crypto
Yes
Arum Capital is a CySEC-regulated forex broker offering the MT5 platform.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
No
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
WH SelfInvest facilitates multi-asset trading through web & downloadable platforms.
Demo Account
Yes
Regulated By
BaFin, CSSF, FSMA, AFM
MT4 Integration
Yes
Min. Deposit
€500
Min. Trade
0.01 lots
Crypto
No
Weltrade is an established online broker providing tight spreads & powerful tools.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$25
Min. Trade
0.01 lots
Crypto
Yes
Windsor Brokers offers MT4 trading on forex, stocks, commodities and more.
Demo Account
Yes
Regulated By
CySEC (Cyprus), IFSC (Belize), JSC (Jordan)
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
Bulbrokers EAD offers FX & CFD trading on a choice of leading online platforms.
Demo Account
Yes
Regulated By
FSC, FCA, CNVM
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
No
LQDFX offers online trading with multiple STP accounts and MT4 analysis tools.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$20
Min. Trade
0.01 lots
Crypto
No
Atiora offers forex & CFD trading with easy-access $1 minimum deposit accounts.
Demo Account
Yes
Regulated By
VFSC
MT4 Integration
Yes
Min. Deposit
$1
Min. Trade
0.01 lots
Crypto
Yes
Blackwell Global offers seamless online trading in forex, stocks & cryptos.
Demo Account
Yes
Regulated By
FCA, CySEC
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
Yes
Khwezi Trade is an online broker offering four live MT4 trading accounts.
Demo Account
Yes
Regulated By
FSCA
MT4 Integration
Yes
Min. Deposit
R 2,000
Min. Trade
0.01 lots
Crypto
No
Key To Markets is an FCA-regulated online trading broker offering a variety of account types, including social PAMMs.
Demo Account
Yes
Regulated By
FCA, FSA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
FxGlory offers leveraged trading in forex and commodities through the MT4 desktop and mobile platform.
Demo Account
Yes
Regulated By
MT4 Integration
Yes
Min. Deposit
$1
Min. Trade
0.01 lots
Crypto
Yes
Uptos offers multiple trading assets, payment options and the MT5 platform.
Demo Account
No
Regulated By
MT4 Integration
No
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
Yes
Trade Q8 is an online broker in the MENA region offering forex & multi-asset trading.
Demo Account
Yes
Regulated By
FSA (Seychelles)
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
Yes
Mega Trader FX is a multi-asset broker offering 1:500 leverage and deposit bonuses.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
No
Global Market Index offers multiple asset classes on five powerful trading platforms.
Demo Account
Yes
Regulated By
FCA, VFSC
MT4 Integration
Yes
Min. Deposit
$2,000
Min. Trade
0.01 lots
Crypto
No
Zulutrade provide multiple automation and copy trading options across forex, indices, stocks, cryptocurrency and commodities markets
Demo Account
Yes
Regulated By
HCMC
MT4 Integration
Yes
Min. Deposit
$1 to $300 (Broker choice dependent)
Min. Trade
$1
Crypto
Yes
Forex broker Videforex accepts deposits in a range of cryptocurrencies. Payouts reach 95% per trade.
Demo Account
Yes
Regulated By
MT4 Integration
No
Min. Deposit
$250
Min. Trade
$1
Crypto
Yes
Fondex is an award-winning forex and CFD broker with industry low trading costs
Demo Account
Yes
Regulated By
FSA, CySEC
MT4 Integration
No
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
No
FXPIG is a straight-talking forex, indices & commodities broker offering tight spreads.
Demo Account
Yes
Regulated By
VFSC
MT4 Integration
Yes
Min. Deposit
$200
Min. Trade
0.01 lots
Crypto
No
Alpari offer forex and CFD trading across a big range of markets with low spreads and a range of account types that deliver for every level of trader from beginner to professional.
Demo Account
Yes
Regulated By
FSC of Maritius
MT4 Integration
Yes
Min. Deposit
From $/£/€ 5
Min. Trade
0.01 Lots
Crypto
Yes
AGEA is a regulated forex & CFD broker offering multiple trading platforms and account types.
Demo Account
Yes
Regulated By
Commission for Capital Markets
MT4 Integration
Yes
Min. Deposit
$1
Min. Trade
0.01 lots
Crypto
Yes
EverFX is an online broker offering trading in forex, stocks, cryptos and commodities.
Demo Account
Yes
Regulated By
CySEC, FSA, CIMA
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
Yes

What Is Automated Forex Trading?

The definition of automated forex trading is the reliance on algorithm-based software to create signals or execute trades on your behalf. FX software is programmed using coding languages such as Python and MQL4. The code defines the conditions in which it expects a trade to be profitable. It looks for these conditions in the data and executes a trade or creates a signal.

Fully automated systems are also known as trading robots. Other tools will notify a trader of a signal in the data which the trader can use to inform a buy/sell position. These are known as expert advisors (EA).

Automated Forex Trading Strategies

There are a number of strategies you can employ. These techniques are known as ‘logic’ when programmed into software.

High Frequency Trading (Scalping)

Scalping is when software is programmed to execute thousands of forex trades per second – beyond anything a human could make manually. Only a small profit needs to be made from each trade because of the frequency made in a short period.

Arbitrage

Arbitrage is another trading strategy that can only be operated using automated software. It involves identifying inefficiencies in the market and exploiting them. Again, these inefficiencies are likely to yield minute profits, but if they can be executed frequently enough, or with sufficient capital, it can translate into healthy sums.

It is also a relatively less risky forex strategy, as it involves trading on current prices rather than predicting future trends. However, these price inefficiencies don’t hand around for long as competitive software will likely also identify the opportunity.

Trend-based Algorithms

The most common automated forex trading algorithms look at past patterns in prices to identify trends. When a trend occurs, the software generates a signal or executes a trade on the assumption that the trend will continue.

Average/Mean Reversion

This strategy works on the logic that most assets return to their average value eventually. If a price moves far away from this average, the software will execute a buy/sell order and then once it returns to the average price as predicted, it will execute again and take the profit.

And The Rest…

There are hundreds of different strategies out there but these are some of the most common. Others include algorithms that react to news events, or more maths-based algorithms such as Delta Neutral strategy. Further still, some look to minimise transaction costs such as the Implementation Shortfall strategy.

Best Automated Forex Trading Software In The UK

The top automated forex trading software lets you create your own robots as well as purchase existing programs from others. You’ll need a system with fast processing speeds and the ability to backtest your software.

Let’s explore the best automated trading services on the market:

  • MetaTrader 4 – Known for being one of the best forex trading platforms, MT4 includes a feature where users can create their own expert advisors (EAs) or automated trading robots. Code is written in MQL4 (the MT4 coding language). Algorithms can be sold on the MT4 marketplace or loaded to the CodeBase for users to download for free.
  • MetaTrader 5 – More forex assets than MT4 and a simpler coding language (MQL5) makes this another strong platform for automated trading. It also offers CFD trading and arguably has better backtesting capabilities.
  • CTrader Automate – This popular platform offers hundreds of free and paid for cBots (automated forex trading robots) for users to choose from. cBots can function with synchronous execution (meaning that multiple orders are filled at once) reducing the likelihood of slippage.
  • ProRealTime – The ProRealTime Backtesting and Automatic Trading System Creation allows you to build your own robots without having to write a single line of code. Assisted creation lets you pick your long/short position based on the criteria you set. Backtest your new bot so you know it works, then start trading FX. The lack of coding knowledge required makes it a great option for beginners who are interested in creating their own automated forex trading software.

MetaTrader Automated Forex Trading Software

Advantages Of Automated Forex Trading

Speed Of Execution

Perhaps the number one reason for utilising automated forex trading is the speed you can execute trades at. Automated software can assess market conditions and execute a trade in milliseconds with a high degree of accuracy.

Emotional Influences

Automated forex software will only execute a trade that matches its predefined criteria. Therefore, it removes any impulsiveness, gut-feeling, or nervousness around investing.

Time Savings

Since no human intervention is required to analyse the data or execute a trade, there are undisputed time savings to be made from automated trading vs manual forex trading.

Disadvantages Of Automated Forex Trading

Past Performance Is Not Indicative of Future Gain

Automated forex trading is based on algorithms that are programmed by looking at patterns in past data. This is a good way to predict how the market might react in the future, but it is by no means fool proof. Investors should understand that automated bots are still at risk of losing if the market doesn’t follow the predicted trend.

Only As Good As The Person Who Built It

Automated forex trading software is built by humans, so if the underlying logic is flawed, you could be executing trades that might not be profitable.

For this reason, we’d advise caution when buying off-the-shelf bots. Do you know who wrote them and fully understand the logic behind them? How much backtesting has the owner done? And can you find proof of this? It’s vital you can trust the software.

MetaTrader FX Automated Strategy Testing

Expertise Required

Coding using Python, Java or C languages is not for beginners. It can take software developers years to become proficient. Therefore, beginners may choose to purchase existing bots and rely on the logic of other forex traders.

With that said, there are services out there which enable software production without writing code, such as the ProRealTime Automated Trading Creation system.

How To Get Started Automated Forex Trading

To create your own automated forex trading software, you’ll need to first select a broker. The best brokers offer trading platform access for free when you sign up for an account. For example, Forex.com provides you with access to TradingView, another highly regarded platform with automated FX trading capabilities.

Deposit the minimum amount and download your chosen system via the app store (on both iPhone or Android) or your broker’s website.

Log in to the platform using the credentials provided by your broker and you’re ready to get trading. Select a bot from the marketplace or create your own programme.

FAQ

Do Top Automated Forex Trading Systems Work?

Yes, automated forex trading systems do work and can be effective if the software is programmed correctly and regularly tested. However, whether it works for your bottom line depends entirely on the quality of the bot selected. Ensure software is back tested, has a fast processing speed and that the logic is sound before you invest.

What Is An Automated Forex Trading Expert Advisor?

An expert advisor (EA) is a software system used to notify traders of trading signals based on their programmed algorithm. Unlike automated forex trading robots, EAs will not always automatically execute positions.

Is Automated Forex Trading Profitable?

Yes, automated forex trading is profitable for many traders. But, it also depends entirely on the software used. You should look for evidence that the bot is profitable. Reading online reviews can help, but you should also test it out on a demo account beforehand to check you’re happy with the results.

What Is Automated Forex Trading Backtesting?

Backtesting involves running the software on past FX market data to see how it performs. Algorithms should be backtested regularly to ensure they are effective at producing results.

Can Automated Forex Trading Make Money?

The best automated forex trading software and systems can help bolster profits. They can reduce the manual time spent trading and improve efficiencies. However, there are no guarantees in the forex market. Automated trading strategies still need careful development, fine tuning and monitoring. Moreover, effective risk management systems will need to be put in place.