Best Automated Forex Trading Software

Here are some some good forex trading platforms with automation tools

  • trading.com-logo Trading.com - The Best Forex Broker For Metatrader 5
  • forex.com logo new Forex.com - The Top Forex Broker For Metatrader 4
  • eToro Logo eToro - Great Broker For Copy Trading
  • tdameritrade logo TD Ameritrade - Good Trading Features For Automation
  • ig logo new IG Markets - The Best Forex Broker For Technical Traders

Forex.com
eToro
TD AmeriTrade
IG
Our Rating
7.28
7.17
6.21
8.23
72% of retail investor accounts lose money when trading CFDs with this provider.
68% of retail investor accounts lose money when trading CFDs with this provider.
79% of retail investor accounts lose money when trading spread bets and CFDs with this provider

Regulations and Licenses

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

Brokerage

Feature
Forex.com
eToro
TD AmeriTrade
IG
EUR/USD Avg. Raw Spread
-
-
-
-
GBP/USD Avg. Raw Spread
-
-
-
-
AUD/USD Avg. Raw Spread
-
-
-
-
EUR/USD Standard Spread
1.40
-
-
1.0
EUR/USD Fixed Spreads
-
-
-
-
Commissions (USD Base)
$5.00
-
-
-
Minimum Deposit
$100
$10
$2000
$450
Swap Free Account
No Inactivity Fees
Funding Methods
4+
4+
5+
4+
No Funding Fees

Markets and Instruments

Feature
Forex.com
eToro
TD AmeriTrade
IG
Currency Pairs
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)
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

Trading Platforms + Tools

Feature
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
Unique Feature
Choice of trading platforms
CopyTrader functionality
for automated trading
ThinkOrSwim Trading Platform
Guaranteed stop loss orders

Overall

Forex.com
eToro
TD AmeriTrade
IG