Best Automated Forex Trading Software

Here are some good forex trading platforms with automation tools

  • oanda logo OANDA - The Best Overall For Automated Trading
  • forex.com logo Forex.com - The Top Forex Broker For MetaTrader 4
  • trading.com logo Trading.com - The Best Forex Broker For MetaTrader 5
  • tdameritrade logo TD Ameritrade - Good Trading Features For Automation
  • IG IG - The Best Forex Broker For Technical Traders
  • eToro eToro - Great Broker For Copy Trading

Oanda
Forex.com
eToro
TD AmeriTrade
IG
Our Rating
8.83
7.28
7.17
6.21
8.23
Forex specialist in USA
Choice of trading platforms
Social trading
CFD Platform
ThinkOrSwim Trading Platform
Guaranteed stop loss orders

Regulations and Licenses

Feature
Oanda
Forex.com
eToro
TD AmeriTrade
IG
NFA or CFTC (USA)
FSA (Seychelles)
Other Regulators

Brokerage

Feature
Oanda
Forex.com
eToro
TD AmeriTrade
IG
EUR/USD Standard Spread
1.1
1.50
-
-
1.0
Commissions (USD Base)
$5.00
$5.00
-
-
-
Minimum Deposit
$0
$100
$10
$2000
$450
Swap Free Account
No Inactivity Fees
Funding Methods
3+
4+
4+
5+
4+
No Funding Fees

Markets and Instruments

Feature
Oanda
Forex.com
eToro
TD AmeriTrade
IG
Currency Pairs
68+ (Spot)
55+ (Spot)
-
70+ (Spot)
80+ (Spot)
Cryptocurrency CFDs*
-
-
24 (Spot)
-
-
Index CFDs
-
-
-
4+ (Spot)
-
Share CFDs
-
-
-
4,200+ (Spot)
-
Commodities CFD
-
2+ (Spot)
-
2+ (Spot)
-
Stockbroking
-
-
1903 (Spot)
221 ETFs
4,200+ (Spot)
-
Retail Max. Leverage (USA)
Major Pairs 50:1
Minor Pairs 33:1
Spot 50:1
Futures 6.25:1
-
-
Major Pairs 50:1
Minor Pairs 20:1
Pro. Max. Leverage (USA)
-
-
-
-
-

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools

Feature
Oanda
Forex.com
eToro
TD AmeriTrade
IG
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
MetaTrader 4 only
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

Oanda
Forex.com
eToro
TD AmeriTrade
IG
Broker Official Site Our Rating Regulation EUR/USD Spread GBP/USD Spread AUD/USD Spread MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage
Visit Broker > 8.83 NFA, CFTC
IIROC
- - - 120ms $0 68+ (Spot) - 50:1 100:1
Visit Broker > 7.28 NFA, CFTC
FCA, IIROC
- - - 160ms $100 55+ (Spot) - 50:1 50:1
Visit Broker > 7.17 ASIC, FCA
CYSEC
- - - 120ms $10 - 24 (Spot)
Visit Broker > 6.21 NFA, CFTC
IIROC
- - - 110ms $2000 70+ (Spot) - 50:1 50:1
Visit Broker > 8.23 NFA, CFTC
FCA, ASIC
- - - 130ms $450 80+ (Spot) - 50:1 50:1