Automated Trading Forex Broker

Automated Trading Forex Brokers

Automated Trading Forex Broker
Online BrokerMinimum DepositAutomated Trading PlatformsRegulated
$200MT4, MT5, cTraderFCA, ASIC
$50MT4FCA
$100MT4, JForexFCMC
$200MT4, MT5, cTraderASIC
$100MT4FCA
$50MT4FCA, ASIC, CFTC, FSA, FSC, IIROC, CIMA
$200MT4, MT5ASIC
NoneMT4FCA, ASIC
$100MT4, MT5FCA, ASIC, CySEC

Brokers Which Offer Automated Trading

These brokers offer trading platform which support automated trading. What this means for the trader, is that they use a strategy and have it run automatically, taking trading decisions for the trader.

What exactly does a strategy mean ? It means any rule based trading method. For example, taking a trade when a technical indicator gives a certain signal, or where moving averages cross. It can be as simple or more complex.

However because a strategy worked in the past does not mean it will work in the future, and what works in a discretionary context, may not necessarily work so well without the trader there implementing it. The trader can use provided templates, can modify them or write their own strategies.

These brokers also allow the use of automation using a Virtual Private Server (VPS), whereby the trader can run automated trading strategies even when disconnected from the broker.

Trading platforms

It can be seen that these brokers all offer one or more of: MT4, MT5, cTrader or JForex. These platforms all support automated trading. Some of the brokers offer platforms other than these for discretionary trading, although all of these platforms can also be used in this way.

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