If you use algorithmic trading strategies, trading software, robots and Expert Advisors, here are the most effective brokers to do automatic trading with the best conditions and tools optimized for this operating mode.
Automated trading systems now account for more than half of the transactions made globally in online trading.
Compared to manual trading, automatic trading has the advantage of not being subject to the psychological dynamics of the mind and of being able to perform any trading activity with a much faster speed than any human being.
The automatic trading systems are actually computer programs that make purchase orders in an automated way and send them to the market.
Automated trading software or automated platforms, trading robots or Expert Advisors as the case may be, generate orders based on a set of predefined rules often based on technical analysis, patterns, trading signals or other electronic sources and are completely programmable with regard to timetables, markets and assets.
There are many brokers that support automated trading, but those that are truly optimized for this operating mode are few. Here are the best ones chosen for professionalism, platform reliability, conditions and tools to support automatic trading.
For private investors, eToro is among the best brokers for automated trading. The real strength of eToro lies in the ability to spot the traders who are generating greater profits within the platform and copy their strategies , precisely automatically.
TRADE ON ETORO
67% of retail investors lose money with this provider
EToro’s platform is one of the most immediate to use and offers a good number of assets for CFD trading including currencies, stocks, ETFs, indices, commodities and cryptocurrencies.
Regardless of the level of experience, it’s actually quite simple to automate your trading operations and set risk management parameters such as stop loss and take profit. Before starting, it’s still possible to test the platform and functionality by opening a free and unlimited demo account.
The eToro platform is unique in its kind, it’s accessible directly online or via smartphone, and has become popular due to the high degree of “sociability” of the same (eToro is the leading broker in social trading).
From the platform it is in fact possible to get in touch with the other traders who operate on eToro, exchange views and opinions, understand what the investment trends are and indeed, replicate the strategies of the traders who are having the most success.
eToro has also taken a further step forward with the introduction of the CopyPortfolio offer, which selects and groups only the best traders, with the aim of providing a precise list of who to follow and replicate, with the aim of further increasing the chance of success.
For those who use trading robots or custom trading software, it’s not the proper choice because it doesn’t allow you to apply them, but for those looking for an immediate broker to do automatic trading it’s a legitimate choice to consider.
TRADE ON PEPPERSTONE
your capital is at risk
Pepperstone is one of the first forex brokers in the world and supports automated trading systems via API .
Pepperstone uses the STP execution model and uses the API in turn, so it’s perfectly optimized for this mode of operation. Through Pepperstone, you can access a liquidity feed made from banks and other liquidity providers, view market depth , have a separate client account for your own capital and benefit from Pepperstone’s proprietary technology, one of the most competitive and respected brokers in the industry. .
Furthermore, for traders with minimum monthly volumes of $ 250,000, there’s the possibility to request a demo FIX environment to test the broker’s FIX features.
In addition to the APIs, Pepperstone offers the cTrader, MetaTrader 4 and MetaTrader 5 platforms, which are ideal for using Expert Advisors and trading robots. you can test it for free by opening a demo account and it offers the possibility of trading online in CFDs on forex, indices, metals, energy and cryptocurrencies.
For traders who then use automated online trading systems or developers of trading systems, Pepperstone is a solid and flexible choice.
TRADE ON AVATRADE
your capital is at risk
Avatrade offers the possibility of autotrading through the connection with the Zulutrade service. The one offered by Avatrade is a social trading service, through which it’s possible to replicate and / or copy the strategies of expert traders , thus taking advantage of the experience and operations of investors who are achieving positive results.
Avatrade is among the most popular brokers for online trading, offers several platforms, a free demo account and many assets to trade on, with a specific offer for beginner and intermediate traders who want to apply simple automatic trading strategies on forex CFDs, stock market indices, stocks and commodities, cryptocurrencies, ETFs and government bonds.
TRADE ON IC MARKETS
your capital is at risk
IC Markets is a broker that stands out for its high level of professionalism and trading conditions, among the best in the industry and supports automatic trading in 3 different modes.
The first, through the MT4, MT5 and cTrader platforms offered by the broker itself, through which you can set your own strategies, integrate Expert Advisors or create your own trading algorithms.
The second, through the Myfxbook AutoTrade service , the mirror trading service that identifies the winning systems taken only by real traders and allows you to replicate the transactions on your trading account, and therefore the third, through the connection with the ZuluTrade social trading platform. (platform external to the broker).
Furthermore, another advantage, IC Markets offers a high performance and low latency VPS service (less than 1 millisecond), optimized to support even very high volumes. The VPS is free with trading volumes of at least 15 lots per month.
For investors who want to benefit from the possibility of using automated professional strategies, IC Markets is an excellent solution, you’ll test it for free of charge by opening a demo account and offers access to a wide variety of markets including forex, indices, commodities, stocks, bonds, futures and cryptocurrencies.
TRADE ON INTERACTIVE BROKERS
your capital is at risk
Interactive Brokers is the best choice for professional traders who want to auto trade and run trading systems.
Interactive Brokers supports different programming languages and protocols to create customized trading software including Java, C ++, Python and .NET (C #), ActiveX and DDE , offers the possibility of connecting with different platforms including the Ninja Trader, or to use TWS, the broker’s platform.
The broker offers a very wide range of products on which to trade online including forex, stocks, options, futures, bonds, ETFs and CFDs for a complete of over 120 markets, you can test it by opening a demo account and offers the foremost advantageous conditions for high frequency trader.
It also offers one of the best research sectors with news integrated into the platform, technical analysis, trading signals, videos and many other useful tools for scalpers and news traders. It’s possible to test it by opening a demo account and it offers some of the most advantageous conditions for high frequency traders.
If you are a professional or advanced investor , Interactive Brokers is the best broker for automated trading.