Best AI Tools For Forex Trading In The US (2025)

I awarded OANDA 91/100 in my tests, scoring them top marks for their platform range, trading tools, and low trading fees.

OANDA’s spreads are competitive, averaging 1.50 pips on EUR/USD while its execution speed (sub-90ms) provides unmatched trading conditions in the US.

With its OANDA Trade platform, you can access Autochartist for its automated AI-generated technical analysis. AutoChartis will help you with the analysis of 200+ markets (including crypto and forex) that OANDA offers.

OANDA also offers TradingView (my preferred platform for technical analysis) and MetaTrader 4 (which is good for automation). Overall, OANDA is a versatile choice for US traders.

OANDA has Autochartist for AI Analysis

The broker’s proprietary platform; OANDA Trade, comes with Autochartist, a powerful technical analysis tool.

Autochartist automatically scans OANDA’s 200+ markets to find trading opportunities using price action tools like Candlestick and chart patterns. Examples of chart patterns that help include double tops, wedges, and engulfing patterns.

I found Autochartist helpful as a day trader because you can have scanners open in the background, sending you alerts on multiple markets from indices to currency pairs.

One of the features that made it more useful is that you can adjust the filters to focus on specific markets or signal types (like Fibonacci, chart, or candlestick patterns).

Although it reduces the number of signals you receive, it’s well worth it, as it allows you to focus on the markets (and analysis) you find most profitable.

Great Range of Trading Platforms

During my tests, I found that OANDA offers a decent selection of trading platforms. TradingView and MetaTrader 4 are the standout options with access to advanced charting and tools. OANDA Trade also has great features if you’re new to trading.

Of the available platforms, I think TradingView is the better option for technical analysis. With TradingView you have 110+ indicators, including automated pattern recognition tools if you rely on price action. These indicators include wedge patterns and candlesticks like hammers and dojis.

The last option is MetaTrader 4, the only option OANDA offers for automated trading. MetaTrader 4 allows you to utilize AI to create Expert Advisors based on your trading instructions. These trading bots will help you find and execute the trades, and manage the risk hands-free.

Commission Free Trading Account

While using my OANDA Standard account, I found the spreads average 1.5 pips on EUR/USD, which is competitive for US-regulated forex brokers.

The benefit of the Standard account is that it has no commissions, so all your direct trading costs are paid upfront when opening a trade. I find this type of account easier to track your open P&L as I can see which positions are in the green meaning I know I have covered the costs and am in profit.

As FOREX.com gives you the most AI trading tools, I scored them highly.

One AI tool I like is ‘Performance Analytics’ which highlights your strengths and weaknesses and uses this data to give you feedback and improve your trading performance.

Capitalise.ai is another useful AI tool I like. This tool turns natural language into code by converting your manual instructions into automated actions. Capitalise.ai also comes with free backtesting, which helps prove your trading strategies work successfully.

The FOREX.com Raw account has tight spreads from 0.0 pips with $7.00/lot commission.

This gives high-volume traders like scalpers a decent opportunity to lower their trading costs.

Automate Trades with Capitalise.AI

FOREX.com is one of a handful of brokers to offer Capitalise.ai, an AI tool that uses natural language to develop automated trading strategies. This means non-programmers (like me) can build automated strategies without knowing how to code.

To create a script, you simply type your trading instructions like “when the 50 MA crosses over the 200 MA on EUR/USD buy 1 lot” and the AI will create the rule.

Capitalise.ai also lets you add risk management features like trailing stop losses, giving you plenty of tools to optimise your automated strategies.

Tighter Spreads with the RAW Account

On FOREX.com, you have a choice of two trading accounts: a Standard account (which has variable spreads and no commissions) and a Raw account with tight spreads and commissions from $7/lot.

I recommend the Raw account as I prefer the transparency of commissions. These commissions are fixed (even in the most volatile markets).

As for the spreads, they are much lower, averaging 0.5 pips on EUR/USD, which is 75% lower than the Standard accounts’ 2-pip spread.

Use AI To Analyse Your Performance

With FOREX.com’s live accounts, you can access Performance Analytics (powered by Chasing Returns). The exclusive feature to Forex.com uses AI to monitor your trading history and gives real-time advice to improve your performance.

An example of this is ‘PlayMaker’. This tool reviews every trade you have placed and scores it against your trading plan to see how disciplined you are. For me, this is a great way to reduce your mistakes as you can review your actions in real-time thereby helping you to adjust your trades quickly and stick to your strategy.

Tastyfx is my top choice for beginner forex traders thanks to its easy-to-open trading account, low spreads and solid customer support.

Standard spreads start at 0.80 pips, while the customer support is 24/7 – two of the most impressive showings in each category.

Out of the 4 platforms available, Tastyfx’s proprietary option is the best for beginners thanks to its user-friendly design. Despite the intuitive interface, the platform is still advanced enough to perform solid technical analysis through its 25+ indicators.

There are 20+ online lessons available on the platform, and a strong Signal Centre – I found this to be plenty of educational resources as you learn how to trade.

Automated Technical Analysis with ProRealTime

The ProRealTime platform blends TradingView’s charting with MT4’s automated trading features. This mix of technical indicators and automation means ProRealTime will appeal to most traders but you may need to pay to access some of these more advanced features.

For technical analysis, ProRealTime’s 100+ indicators cover most of the indicators you’ll need to develop your strategy. Some of the indicators include Bollinger Bands and moving averages.

One indicator I liked the most was the ProRealTrend. The indicator plots key trend lines, support and resistance levels, and channels. By AI, ProRealTime can plot these trends using multi-timeframe analysis. This helps beginners by making it easier to analyze charts for breakout trades.

With this ProRealTrend indicator, I feel that beginners can benefit from the accuracy, making it easier to analyze charts for breakout trades.

Largest Range of Forex Markets

During my tests, I found that Tastyfx offers the largest collection of currency pairs. The broker has 81 pairs, almost 10 more than its nearest competitor (forex.com), which offers 872.

With Tastyfx, you can trade:

• 11 majors including EUR/USD
• 16 minor pairs like EUR/GBP
• 12 Australasian with NZD and AUD crosses like AUD/JPY
• 14 Scandinavian currencies including USD/SEK
• 21 exotic pairs like USD/MXN
• 7 emerging currencies, including USD/CNH (Chinese Renminbi)

Low Spreads With No Commissions

Tastyfx’s only trading cost is the spread, which starts from 0.8 pips on EUR/USD and USD/JPY, meaning you do not pay commissions.

This simplifies your trading costs as you pay the fee up front (when you open the trade). The P&L column includes costs, so you get a true reflection of whether you are in a profit or loss. This makes it easier for beginners to track and can prevent exiting early by mistake.

During the New York market open, I found Tastyfx’s spreads were stable at 0.8 pips, with the odd rise to 1.1 pips (still cheap vs. industry). Giving you their lowest spreads for the majority of a trading session is a big plus in my book.

Trading.com is a top broker if you prefer to use MetaTrader 5. I found the broker’s trading conditions ideal for running AI-driven Expert Advisors.

The T1 account is commission-free with low spreads from 0.90 pips on EUR/USD. Trading.com’s account also offers 1:50 leverage for advanced traders looking to scale on the MT5 platform.

If you prefer manual trading, Trading.com has AI-generated trading signals on its web platform. These signals are provided by two of the industry’s best analysts: Trading Central and Analyzzer.

The analysts combine price action and swing patterns to find trading opportunities on the broker’s 69 forex pairs.

Automate Trades on MetaTrader 5

With Trading.com’s MetaTrader 5 platform, you can set up AI-driven expert advisors. These advisors automate your trades and control your trading account based on your instructions.

MetaTrader 5 has a solid, multi-threaded backtesting platform. You can test your expert advisors with previous data (up to 15 years) to see if they perform or not.

MT5 is a solid pick as you get access to depth-of-market tools, giving you Level 2 price data that is useful for finding order blocks to trade.

Trading.com has its own web platform that is available on all devices, providing a decent “no-frills” backup to MT5 if you want to trade manually.

Free Trading Signals on 69 Forex Markets

When opening a T1 account, you can access a range of technical analysis tools. These tools include free trading signals that are powered by two top services: Trading Central and Analyzzer.

The signal providers offer two different takes on technical analysis. Trading Central focuses on candlesticks and chart patterns (ideal for breakout trading). Analyzzer, on the other hand, focuses on market swings, which I think is a solid variety for intraday signals.

Better yet, the signals work across the broker’s 69 forex markets. This allows you to trade multiple pairs without having to scan for opportunities manually.

Spread-Only Trading With The T1 Account

You don’t get a choice of account types with Trading.com like you do with Forex.com. Instead, they only offer the T1 account.

This is the broker’s Standard account with a spread-only pricing model and no commissions. I find these types of accounts are ideal for all trading types, especially beginners due to the straightforward pricing.

In my tests, I found the broker averaged 1.20 pips on EUR/USD during the New York session. This spread is slightly higher than their advertised minimum of 0.9 pips.

At 1.20 pips spreads, Trading.com’s fees are similar to the rest of the US-regulated forex brokers I’ve tested.

eToro is my top pick for copy trading, especially for its AI, which makes it easier to find copy traders tailored to your trading criteria.

Alternatively, I found eToro’s Smart Portfolios an excellent option if you want hands-off investing. With Smart Portfolios, you let eToro’s professionals manage your money through specific industries like AI chip makers or crypto.

The trading costs are low (from 1 pip on forex) with no management or admin fees. This makes eToro a great value considering your investments will be managed by copy traders or professionals through the Smart Portfolios.

Copy Trade From 2,000,000 Traders

I find eToro makes copy trading simple thanks to their CopyTrader platform. The platform lets you find potential copy traders using a filter system and automatically follows their trades. Top help with your copy trading, a wide range of social trading tools are also included so you can interact with other signal providers and traders in the community.

The AI’s Risk Score calculates the copy trader’s performance against risk, profit, and trade frequency. I found this score to provide a quick snapshot of the trader’s risk, helping you avoid traders that the AI deems high (or too low) risk.

eToro’s CopyTrader platform will automate your trading and replicate every copy trader instantly. This helps you match the trader’s performance.

I also like that it gives you control of the risk by setting a maximum drawdown. Essentially, this is a hard stop loss on the trader’s performance and stop copying the trader should they underperform.

AI Managed Smart Portfolios

eToro incorporated AI into their products through Smart Portfolios. These offer a decent alternative to copy trading, especially if you have no trading experience.

You can choose Smart Portfolios tailored to different industries, such as AI, crypto, or electric vehicles. Each portfolio contains a basket of assets (like stocks and ETFs) within that industry. The goal of these portfolios is to track the industry, while outperforming benchmarks like the S&P 500.

What I like about Smart Portfolios is that your money is invested with eToro’s professional analysts instead of individuals. The analysts will do the research, execute the trades, and manage the risk while sticking to a clear strategy.

After the portfolio has made profits (or losses, AI will rebalance the portfolio. This helps maintain growth while protecting your downside.

Large Range of Markets For Copy Trading

eToro has a decent collection of 3,500+ markets. This allows for true multi-asset copy trading. With my eToro account, I found that you have access to the following markets:

• 55 forex pairs
• 90 cryptocurrencies (one of the largest for US-regulated brokers)
• 19 indices
• 600+ ETFs
• 42 commodities including gold and oil
• 3,000+ stocks