Brokers for trading robots

On this page you will find information about brokers with trading robots on Forex. What is a trading robot or Expert Advisor? How do Expert Advisors work? Where can I get Expert Advisors? What is the best broker for trading Expert Advisors?

Broker
Rating
Information
Spread
676.6
Rating
140 17 6
Reviews
$0
Min. deposit
1:1000
Max. shoulder
IFSC, FSC
Spread
636.4
Rating
11 9 4
Reviews
$5
Min. deposit
1:888
Max. shoulder
Spread
632
Rating
9 0 3
Reviews
$0
Min. deposit
1:200
Max. shoulder
Spread
591.4
Rating
60 4 5
Reviews
$50
Min. deposit
1:1000
Max. shoulder
Spread
523.8
Rating
21 5 0
Reviews
$0
Min. deposit
1:1000
Max. shoulder
Spread
468
Rating
5 5 3
Reviews
$10
Min. deposit
1:2000
Max. shoulder
Spread
462
Rating
13 8 2
Reviews
$1
Min. deposit
1:1000
Max. shoulder
Spread
454.6
Rating
11 6 6
Reviews
$100
Min. deposit
1:200
Max. shoulder
Spread
443.2
Rating
26 13 2
Reviews
$0
Min. deposit
1:1000
Max. shoulder
Spread
442
Rating
62 17 3
Reviews
$100
Min. deposit
1:500
Max. shoulder
Spread
441
Rating
2 1 0
Reviews
$0
Min. deposit
1:400
Max. shoulder
Spread
439
Rating
0 1 2
Reviews
$0
Min. deposit
1:50
Max. shoulder
Spread
429.8
Rating
12 4 1
Reviews
$1
Min. deposit
1:1000
Max. shoulder
Spread
427
Rating
18 11 0
Reviews
$300
Min. deposit
1:500
Max. shoulder
Spread
427
Rating
1 1 1
Reviews
$100
Min. deposit
1:500
Max. shoulder
Spread
412.2
Rating
1 1 0
Reviews
$500
Min. deposit
1:200
Max. shoulder
Spread
410
Rating
0 1 1
Reviews
$0
Min. deposit
1:200
Max. shoulder
Spread
407
Rating
4 1 3
Reviews
$50
Min. deposit
1:500
Max. shoulder
Spread
406
Rating
9 9 1
Reviews
$100
Min. deposit
1:200
Max. shoulder
Spread
406
Rating
3 3 1
Reviews
$0
Min. deposit
1:500
Max. shoulder
Spread
403
Rating
2 1 1
Reviews
$10
Min. deposit
1:500
Max. shoulder
Spread
397
Rating
19 1 1
Reviews
$0
Min. deposit
1:500
Max. shoulder
Spread
390
Rating
0 1 1
Reviews
$200
Min. deposit
1:500
Max. shoulder
Spread
388
Rating
2 1 0
Reviews
$100
Min. deposit
1:400
Max. shoulder
Spread
388
Rating
2 1 0
Reviews
$25
Min. deposit
1:400
Max. shoulder
Spread
384
Rating
1 2 0
Reviews
$100
Min. deposit
1:500
Max. shoulder
Spread
383
Rating
1 2 0
Reviews
$0
Min. deposit
1:500
Max. shoulder
Spread
379.8
Rating
61 25 2
Reviews
$500
Min. deposit
1:200
Max. shoulder
Spread
372
Rating
1 1 1
Reviews
$250
Min. deposit
1:400
Max. shoulder
Spread
371.8
Rating
1 0 1
Reviews
$1000
Min. deposit
1:200
Max. shoulder
Spread
369
Rating
1 1 1
Reviews
$50
Min. deposit
1:400
Max. shoulder
Spread
368
Rating
1 2 0
Reviews
$1
Min. deposit
1:400
Max. shoulder
Spread
368
Rating
0 1 0
Reviews
$200
Min. deposit
1:1000
Max. shoulder
Spread
361
Rating
0 0 0
Reviews
$250
Min. deposit
1:500
Max. shoulder
Spread
360.4
Rating
65 1 0
Reviews
$10
Min. deposit
1:1000
Max. shoulder
Spread
355
Rating
0 1 1
Reviews
$10
Min. deposit
1:1000
Max. shoulder
Spread
354
Rating
0 0 2
Reviews
$50
Min. deposit
1:200
Max. shoulder
Spread
350.8
Rating
254 21 0
Reviews
$500
Min. deposit
1:500
Max. shoulder
Spread
342
Rating
1 1 0
Reviews
$50
Min. deposit
1:400
Max. shoulder
Spread
342
Rating
1 1 0
Reviews
$500
Min. deposit
1:400
Max. shoulder
Spread
338
Rating
0 1 1
Reviews
$100
Min. deposit
1:500
Max. shoulder
Spread
331
Rating
0 1 1
Reviews
$200
Min. deposit
1:500
Max. shoulder
Spread
331
Rating
0 1 3
Reviews
$250
Min. deposit
1:500
Max. shoulder
Spread
326
Rating
0 0 0
Reviews
$10
Min. deposit
1:1000
Max. shoulder
Spread
323
Rating
4 0 0
Reviews
$200
Min. deposit
1:500
Max. shoulder
Spread
318
Rating
0 1 1
Reviews
$100
Min. deposit
1:500
Max. shoulder
Spread
317.2
Rating
21 5 1
Reviews
$300
Min. deposit
1:500
Max. shoulder
Spread
312.4
Rating
1 2 0
Reviews
$50
Min. deposit
1:500
Max. shoulder
Spread
311
Rating
34 6 1
Reviews
$250
Min. deposit
1:1000
Max. shoulder
Spread
310
Rating
3 0 1
Reviews
$0
Min. deposit
1:500
Max. shoulder
Spread
306
Rating
1 2 1
Reviews
$100
Min. deposit
1:400
Max. shoulder
Spread
292
Rating
2 1 1
Reviews
$100
Min. deposit
1:100
Max. shoulder
Spread
289
Rating
1 0 0
Reviews
$5000
Min. deposit
1:100
Max. shoulder
Spread
286
Rating
0 1 0
Reviews
$10
Min. deposit
1:1000
Max. shoulder
Spread
285
Rating
20 5 0
Reviews
$100
Min. deposit
1:300
Max. shoulder
Spread
281
Rating
0 1 0
Reviews
$100
Min. deposit
1:500
Max. shoulder
Spread
280
Rating
1 0 1
Reviews
$0
Min. deposit
1:300
Max. shoulder
Spread
279
Rating
0 1 0
Reviews
$100
Min. deposit
1:500
Max. shoulder
Spread
279
Rating
0 1 0
Reviews
$500
Min. deposit
1:30
Max. shoulder
Spread
279
Rating
0 1 0
Reviews
$50
Min. deposit
1:500
Max. shoulder
Spread
277
Rating
15 5 0
Reviews
$25
Min. deposit
1:1000
Max. shoulder
Spread
271
Rating
6 3 0
Reviews
$500
Min. deposit
1:30
Max. shoulder
Spread
271
Rating
0 2 0
Reviews
$200
Min. deposit
1:200
Max. shoulder
Spread
269.2
Rating
6 0 1
Reviews
$500
Min. deposit
1:300
Max. shoulder
Spread
268
Rating
2 1 0
Reviews
$2000
Min. deposit
1:100
Max. shoulder
Spread
266
Rating
0 0 0
Reviews
$10
Min. deposit
1:1000
Max. shoulder
Spread
263
Rating
1 0 0
Reviews
$500
Min. deposit
1:500
Max. shoulder
Spread
258
Rating
1 1 1
Reviews
$250
Min. deposit
1:500
Max. shoulder
Spread
258
Rating
0 0 1
Reviews
$10000
Min. deposit
1:100
Max. shoulder
Spread
256
Rating
0 1 0
Reviews
$100
Min. deposit
1:500
Max. shoulder
Spread
253
Rating
0 1 0
Reviews
$10
Min. deposit
1:500
Max. shoulder
Spread
252
Rating
0 1 0
Reviews
$500
Min. deposit
1:300
Max. shoulder
Spread
238
Rating
1 0 0
Reviews
$1
Min. deposit
1:200
Max. shoulder
Spread
238
Rating
0 2 0
Reviews
$100
Min. deposit
1:1000
Max. shoulder
Spread
236
Rating
0 1 0
Reviews
$300
Min. deposit
1:400
Max. shoulder
Spread
209
Rating
0 1 0
Reviews
$2500
Min. deposit
1:100
Max. shoulder
Spread
176
Rating
1 1 0
Reviews
$50
Min. deposit
1:1000
Max. shoulder
Spread
148
Rating
0 1 1
Reviews
$0
Min. deposit
1:1000
Max. shoulder
Spread

Expert Advisor trading brokers, also known as Forex robots, offer a way to trade the markets automatically. Trading with Expert Advisors eliminates the need to sit in front of a computer all day, looking at charts. You can use the robots while you are at work, doing other things, or relaxing. All you need is to choose a broker for trading robots from our rating and install the Expert Advisor on the trading terminal.

What is an Expert Advisor?

An Expert Advisor or trading robot is software designed to analyze currency pairs in the Forex market and identify trading opportunities to buy or sell. All robot actions are fully automated and do not require the participation of a trader in the trading process, which means that emotions that interfere with profitable trading are completely excluded in Forex trading.

How do Expert Advisors work?

Expert Advisors work with algorithms that are usually programmed in specialized programming languages. The trading platform that the trader uses determines which language the Forex robot will be programmed in. Here is a list of platforms and programming languages used to create robots:

  1. MetaQuotes Language 4 (MQL4) is used for programming Expert Advisors for MetaTrader 4.
  2. MetaQuotes Language 5 (MQL5) is used for programming Expert Advisors for MetaTrader 5.
  3. TradeStation-the Lua programming language is used to code Expert Advisors for the FXCM platform.
  4. ActFX is used for programming robots for ActForex platforms. An example is the AvaTrader platform.
  5. Specialized programming languages, such as C++, are used to write Expert Advisors on professional ECN platforms.

Criteria for a good Expert Advisor

A good adviser must meet the basic criteria that allow it to work flawlessly. They are listed below:

  • The parameters for entering and exiting a trade must be clearly defined;
  • The Expert Advisor must have acceptable money management parameters;
  • The Expert Advisor should be able to develop together with the market. To do this, the Expert Advisor developer must provide access to periodic updates;
  • The commercial advisor must have protection against software hacking;
  • The code should be error-free.

Where can I get Expert Advisors?

There are two main sources of getting Expert Advisors: buying a ready-made Expert Advisor or creating your own Expert Advisor from scratch. Each path has its own advantages and disadvantages, and you should be aware of them before making a choice.

Buying a ready-made Expert Advisor

Thousands of trading robots are sold on the Internet, some of them can be downloaded for free. As a rule, free expert advisors are distinguished by their simplicity, they are not updated and can not guarantee profit in the future. They can only be used under the close supervision of the trader.

With paid expert advisors, too, not everything is so simple. The whole difficulty is that you do not have the ability to evaluate the effectiveness of the trading robot. To avoid scammers, buy robots on proven Forex forums with real trader reviews and a free trial period. Be sure to check the availability of free Expert Advisor updates.

Developing your own Expert Advisor

This method has a major advantage. You can customize the Expert Advisor to suit your strategy, adapted to your trading rules, capital, and risk management. The task is to find a programmer who can convert the trading rules of your strategy into the program code of the Expert Advisor. Having your own trading robot also allows you to edit the code at your own discretion.

RoboForex-recommended broker for trading with Expert Advisors

If you Having decided that you want to use an Expert Advisor for your trading strategy, and are looking for a broker that supports the use of automated trading with Expert Advisors, RoboForex is one of the most popular options. Here are some of the reasons why traders choose RoboForex:

  • Broker with experience – more than 10 years in trading (since 2009);
  • A wide range of trading instruments – currency pairs, CFDs on stocks, commodities, indices and cryptocurrencies;
  • 5 account types, including cent and ECN;
  • Narrow spreads from 0 pips and low commissions;
  • High speed of transaction execution;
  • Free Expert Advisor builder R Trader without programming knowledge;
  • News trading, hedging, and scalping are allowed.

Also in our rating, you can see other proven brokers with robot trading.

Broker RoboForex LiteForex Forex4you Alpari FXOpen
Minimum deposit 10$ 50$ 0$ 0$ 1$
Trading Platforms MT4, MT5, cTrader, R Trader MT4, MT5 MT4, WebTrader MT4, MT5 MT4, MT5, TickTrader
Average spread 1.3 points 1.8 points 2 points 1 point 1.3 points
Cent bills + + + +
ECN accounts + + + + +
Free VPS + +