Top Forex Broker Offering Intelligent Trading System (EA)
With intelligent trading systems (EA), traders no longer need to stare at the screen all the time while trading。Here are some of the best brokers for EA trading for you to see。
With intelligent trading systems (EA), traders no longer need to stare at the screen all the time while trading。Here are some of the best brokers for EA trading for you to see。
Nowadays, anyone can enter the Forex market, but in fact, most traders will lose money and exit。So, developers have created many tools and tools to help traders maximize their potential returns and smooth their trading experience。One of the trading tools worth a try is the Expert Advisor (EA)。
Expert Advisors, also known as Forex Robots, allow you to automatically execute trades based on certain trading criteria, and EA allows you to eliminate the need to sit in front of your computer all the time while trading。
You will no longer need to spend hours staring at the screen to analyze the market as the tool will do the job for you and execute trades on your behalf。This is especially beneficial for many traders, especially those who work part-time on trading。
The good news is that there are already a lot of brokers that integrate EA into their trading platforms, such as:
- IC Markets: Allow EA in original spread account
FP Markets: fast execution speed for EA users
AvaTrade: Educational resources on the EA deal
HF Markets: Allow EA to trade automatically
Axi: Allow EA testing in demo accounts
XM: Disable automated trading on account change
Admirals: Allow Multiple Forex EAs on MetaTrader 4
FXOpen: Allow EA in ECN account
Pepperstone: An intelligent trading tool for all customers to back-test the EA
To understand which EA brokers are the right choice for you, let's first look at which criteria you need to consider!
Choosing the Best Broker for EA
While choosing an EA to trade is important in itself, remember that you will also need to connect your EA to your trading account。This makes your choice of broker very important for your trading。Before choosing a good broker for EA trading, you need to consider some of the following factors:
- Broker's EA Policy
Make sure that the broker allows you to run the EA and that there are no issues with the type of trading used by the EA。Most forex brokers usually do not encounter the problems of general EA, but some may have some limitations。
Trading platform
Since most EAs are programmed for MetaTrader, especially MetaTrader 4, it is best to choose a broker that supports MT4 and MT5。
Broker Execution Speed
The broker's market execution speed is very important, especially when you use the scalping method, EA trading should open and close positions multiple times a day。
Slip point
Brokers with more, larger liquidity providers will be better able to handle these situations, slippage is not a big problem。Therefore, this broker is highly recommended。
Spreads and commissions
Spreads and commissions are especially important for short-term EAs that can be traded multiple times a day.。Although the fees per transaction are usually small, they can accumulate into considerable amounts at the end of the day。
Following the above criteria, here is a list of the best forex brokers to integrate with EA software:
IC Markets
- EA Policy: Allowed
Trading platform:MT4、MT5、cTrader
Execution speed: below 40ms
Slip: Slip may occur when trading stocks, forex, commodities, futures
Spreads and commissions: 0.From 1: 00, 3 commission per lot.50美元
IC Markets is one of the leading Forex brokers, founded in 2007 and headquartered in Australia.。Offer at least 200 tradable assets such as forex pairs, CFDs, and cryptocurrencies。IC Markets has a minimum deposit of $200 and you can choose to trade using a demo account or a regular account。In addition, withdrawal fees and inactivity fees are not charged。
IC Markets are subject to oversight and monitoring by multiple regulators, including ASIC。IC Markets offers three trading platforms, MetaTrader 4, MetaTrader 5 and cTrader。
IC Markets Original Spread Account provides pricing summaries from up to 25 institutional-level sources, designed for day traders, scalpers and EAs。
IC Markets is a private company in International Capital Markets Pty Ltd..) an online forex brokerage company operated under。Traders under Australian jurisdiction offer trading services at IC Markets-AU, which is based in Australia and licensed by the Australian Securities and Investments Commission (ASIC).。
On the other hand, non-Australian traders who open accounts with the broker are under the Seychelles-basedIC Markets SEY registered and regulated by the Seychelles Financial Services Authority (SFSA)。This dual operation is the result of the Australian Securities and Investments Commission's relatively new rules, which prohibit its regulated brokers from providing trading services outside Australia.。
IC Markets is classified as an ECN broker offering clients MetaTrader 4, MetaTrader 5 and cTrader as platform trading options。The broker also follows market trends with cryptocurrencies as one of its products, enriching its already wide selection of trading assets, including currencies, indices, metals, energy, software, stocks and bonds.。
with other affectedThe minimum deposit for IC Markets is at a moderate level compared to ASIC-regulated brokers, as each customer has a deposit of $200。Market analysis materials are also regularly prepared for trading insights on the official website of IC Markets, proving their ability to provide traders with important content created specifically for the market experts they work for.。
For payment methods,IC Markets allows financing and withdrawals via wire transfers, credit cards, PayPal, Skrill, Neteller, FasaPay, UnionPay, and BitPay's Bitcoin。The more interesting aspect of the broker is its multiple base currencies, including the US dollar, Australian dollar, euro, British pound, Singapore dollar, New Zealand dollar, Japanese yen, Swiss franc, Hong Kong dollar and Canadian dollar。
因为IC Markets' trading technology is equipped with highly centralized servers and extremely low latency (especially on cTrader), and the broker is well known for its ability to host traders with special needs for high-frequency trading and order brushing。
Anyway,IC Markets is the right destination for active traders looking for well-regulated brokers。IC Markets is also flexible in terms of base currency and payment methods, which demonstrates their commitment to welcoming traders from outside their home countries.。By the end of 2019, IC Markets was offering websites in 18 international languages, including English, Korean, Indonesian, French, Spanish, Italian, Malay, German and Chinese.。
FP Markets
- EA Policy: Allowed
Trading platform:MT4、MT5、Iress
Execution speed:80ms
Slippery point: Unlikely problem
Spread and Commission: $3 commission per lot, original account spread 0.2 points
FP Markets is a global brokerage firm founded in 2005 and headquartered in Australia.。For more than a decade, the broker has grown and expanded, offering Forex and CFDs trading to retail traders around the world.。As a multi-asset platform, FP Markets offers over 100 tradable assets including FX pairs, precious metals, indices and commodities。
In addition, this ASIC-regulated broker also offers good trading conditions for EA users, traders can choose MetaTrader 4 and 5, with the highest execution speed and minimal slippage。In addition, brokers allow scalping, hedging and news trading。EA traders can take advantage of the fast execution speed of FP Market。
Maintaining an overnight position will not result in overnight / rollover fees reducing your income, so you don't have to worry about。FP Markets offers the most competitive swap rates in the industry by introducing swap points in the form of real-time swap rate listings on the MT4 and MT5 platforms。For example:
ACWI: long position is -5.00, the short position is -2.50。
ADAUSD: long position at -20.00, with a short position of -20.00。
AGG: long position is -5.00, the short position is -2.50。
AvaTrade
- EA Policy: Allowed
Trading Platforms: Online Trading, AvaTrade GO, MT4, AvaOptions
Speed of execution: only through bilateral transactions
Slippage: Limit orders are traded at a set price or better, eliminating slippage
Spreads and commissions: commissions from $100 and spreads from 0.From 03: 00
Founded in 2006, AvaTrade is one of the leading brokers offering a wide range of trading types and over 1,000 tradable assets including forex pairs, commodities, indices, stocks, cryptocurrencies, bonds, common options, ETFs and CFD。In addition, AvaTrade also supports social trading and spread trading.。
Minimum deposit requirement of $100, no withdrawal, idle and deposit fees。Traders can choose from a variety of trading platform options including MetaTrader 4 and 5, AvaTradeGo, DupliTrade, ZuluTrade and more。
AvaTrade offers a wide range of educational resources including webinars and dedicated account managers to enhance your market knowledge and the necessary skills to trade seamlessly with your EA。
Avatrade is one of the most comprehensive brokers, supporting almost all trading styles。Avatrade not only allows hedging, scalping and expert advisors (EA), but also completes its services through one cancellation of another order (OCO) and automated trading in many variants of automated trading systems.。
Founded in 2006, AvaTrade's primary mission is to allow people to trade with confidence.。If traders are still confused about the best broker to support traders trading, AvaTrade may be the trader's choice, as it has been evaluated and recognized for some of the industry's most outstanding financial and technical achievements for its clients.。
In 2019, the Dublin-based broker acquired Daytrading."Best Forex Broker 2019" by com。In addition, the company has been honored as "Best Forex Broker," "Best Bitcoin CFD Trading Provider of the Year" and "Best Alliance Program in Europe."。
In addition, for more liquid traders, AvaTrade offers a number of platforms that allow traders to trade using laptops and mobile phones。The availability of the free Autochartist tool in the platform is the best support for both novice and experienced traders, as it makes it easier for them to find trading opportunities without having to look at the chart all day。
Autochartist free signals available in gold accounts, platinum accounts and AVA Select。By opening an account with AvaTrade, traders do not have to pay for the full Autochartist service。Autochartist itself is a market scanning tool that can detect trading signals from various technical perspectives.。
Traders can access AvaTrade on multiple platforms such as AvaTradeGO, MetaTrader 4, MetaTrader 5, Automated Trading, Mac Trading, Web Trading, Mobile Trading and AvaOptions。
On the regulatory side, AvaTrade has a large number of credible licenses that guarantee security even with deposits as high as $10,000.。AvaTrade uses a separate account system, subject to the Central Bank of Ireland (No..C53877), ASIC Australia (No.406684), Japan JFSA (No.1662) and South Africa (FSP 45984) regulatory。
In the event of extreme market volatility, will traders suddenly lose more than their deposits??AvaTrade explicitly answers no because traders have negative balance protection。
AvaTrade has a minimum deposit of $100 and offers different leverage depending on the trading instrument; whether it is Forex (30: 1 start), Indices (20: 1 start), Commodities (5: 1 start), ETFs (5: 1 start) or Cryptocurrencies (2: 1 start)。
AvaTrade is committed to maintaining a set of customer-related values。As a result, the company offers the best trading experience with multilingual customer service and the most advanced and user-friendly trading platform.。
New traders can also learn Forex trading in the "Education" tab of the official AvaTrade website。Traders will find tons of articles, video tutorials and more tools to help them every step of the way。This is an important requirement as the forex market can be a bit unbearable and even scary at times, so traders need to make sure they are fully prepared before they start trading in a live account。
AvaTrade offers a variety of account types, as well as Islamic trading accounts specifically for Muslim traders.。The Islamic account type is similar to the regular account type with one key difference; it does not charge any special fees or interest (no overnight interest), which is in line with the financial principles of Islamic law。
Traders can choose AvaTrade as an ideal option if they are confident in forex trading。The minimum deposit and the various platforms offered are suitable for beginners trying Forex trading for the first time。
HF Markets
- EA Policy: Allowed
Trading platform: HFM platform, MT4, MT5
Execution speed: Fast trade execution
Slip: Slip may occur on orders during periods of high volatility
Spread and Commission: Commission 0 per 1000 lots.$03, ultra-low spread
HF Markets was founded in 2010 and offers a wide range of trading types including forex trading, CFD trading, social trading, spread trading and stock trading。
With a minimum deposit of just $5, traders can get maximum leverage of 1: 1000。There are multiple payment options such as wire transfer, UnionPay, Neteller, Skrill, and even Bitcoin。Traders can choose between MetaTrader 4 and 5 and also allow scalping, hedging and news trading。
HF Markets enables robot trading on its platform, allowing you to install and activate any EA for automated trading。
HF Markets is an award-winning Forex and commodities broker founded in 2010, offering trading services and facilities to retail and institutional clients.。More than nine years since opening, HF Markets has opened around 1,500,000 live accounts worldwide with 200 employees.。
From the point of view of its services, HF Markets can be regarded as middle class, customers do not need to prepare a large deposit to join the broker to trade。In addition, there are a variety of account types, trading software and tools for both individual and institutional clients to trade Forex and CFD online。
HF Markets is the registered brand name of HF Markets (Europe), which is regulated by various financial regulators according to its location。Details are as follows:
- HF Markets (SV) Ltd, registered as an international business company in Saint Vincent and the Grenadines with registration number 22747 IBC 2015。
HF Markets (Europe), licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), license number 183 / 12。
HF Markets SA (PTY) is a financial service provider (FSP) licensed and regulated by the South African Financial Sector Conduct Authority (FSCA) under license number 46632.。
HF Markets (Seychelles) is incorporated under the laws of the Republic of Seychelles, registration number 8419176-1, regulated by the Seychelles Financial Services Authority (FSA), securities dealer license number SD015。
HF Markets (DIFC) Ltd, licensed and regulated by the Dubai Financial Services Authority (DFSA), license number F004885。
HF Markets (UK) Ltd, authorised and regulated by the Financial Conduct Authority (FCA), company reference number 801701。
Traders can become professional clients, manage and assess risk if they are more experienced, knowledgeable and have a more mature trading environment。As a result, professional clients can get better rates but less regulatory protection。
Trading through HF Markets gives traders access to a variety of trading tools, such as Forex CFD, cryptocurrencies, rare metals (gold, silver, etc.), energy (oil and gas), commodities (such as coffee, copper and sugar), indices, bonds and popular stocks (such as Google, Apple and Facebook)。
HF Markets offers the lowest spreads on the market, with spreads in zero accounts starting at 0。The broker's quotes for major forex currency pairs are accurate to five decimal places。As a result, traders have the opportunity to obtain more accurate pricing and optimal spreads。
HF Markets has received a number of prestigious titles, including the great honour of being among the world's top 100 companies in world finance.。Other awards include the "World's Best Customer Money Security" award from Global Brands magazine, the Best Global Forex Documentary Trading Platform award from the 2019 Global Forex Awards, and the 2019 Fastest Growing Forex Broker Mena Award from International Business Magazine.。
After opening an account in HF Markets, traders will be able to meet all their trading needs through various forex trading platforms。Whether traders prefer to trade on desktop or mobile, MetaTrader 4 can be used on desktop (terminals, multiterminals and web terminals) and mobile phones (iPhone, iPad and Android)。
Clients' funds are held in separate accounts and only the major banks are used by the market, as successful traders must focus their full attention on trading rather than worrying about the safety of their funds。
HF Markets does not charge any transaction fees when making deposits and withdrawals, and has a variety of payment methods, with a choice of wire transfers, bank cards and online payments (Neteller, iDeal, Soport Banking and Skrill), ensuring that traders can trade quickly 24 / 7 on weekdays.。
Traders can earn extra income by joining affiliate programs offered by Markets。Clients who join the program will get some advantages, such as a 60% net spread based on sub-client trading volume, and net income of up to $15 per lot.。More information about HF Markets can be found on its official website, which supports 27 languages。
In summary, HF Markets is one of the award-winning Forex and Commodities Brokers。Traders can choose from a variety of account types in HF Markets, and the broker itself is a trader's favorite due to its low spreads, ideal for traders with limited funds and a desire to have more opportunities to maximize profits。
Axi
- EA Policy: Allowed
Trading platform:MT4
Execution speed: ultra-fast trade execution
Slip: Depending on the market trend, you may experience a positive or negative slip.
Spreads and commissions: "Standard account" spreads are ultra-low and no trading commissions are charged
Founded in 2007 and based in Australia, Axi offers more than 140 tradable instruments including FX pairs, metals, oil, indices and CFDs.。The broker also supports social trading。Minimum deposit of $1, maximum leverage of 1: 500, allows scalping, hedging and news trading using EA。
Traders can execute trades using MetaTrader 4。Axi allows you to test your EA on a demo trading account before signing up for a live account。
If a trader is looking for a broker with elite regulation, Axi may be the right choice。Axi is an Australian broker registered with ASIC and FCA。
"Created by traders, for traders" is Axi's mission since its inception in 2007, constantly striving to meet the needs of traders.。In December 2014, Axi had the most "trusted" brand among current forex traders Lenovo。
In addition, Axi has received other awards, including Most Trusted Forex Broker 2017, Highest Overall Client Satisfaction Investment Trend 2017, Back Office Operations Started 2018 in the Philippines, Cyprus and Singapore, Best MT4 Broker 2018 from the UK Forex Awards, and Most Trusted Forex Broker 2018 from the Forex Forex Awards.。With its achievements, Axi strives to build the confidence of traders around the world.。
Traders can monitor spread movements through Live Spreads available on Axi's official website。These floating spreads are good for traders when price volatility is not high。
In addition to spreads, there are differences in commissions per account。Commissions for professional accounts are approximately $7, while standard accounts have no commissions。
At the same time, the minimum transaction size is 0.01 lots, leverage up to 1: 400。Traders can choose the deposit amount because Axi does not specify a minimum amount。Instead, traders have the opportunity to profit with a 20% deposit bonus when trading on Axi。As a result, opening opportunities increase and deposit bonuses can also be withdrawn easily and quickly。
There are about 80 currencies and CFDs traded on Axi.。In addition, the company serves traders seeking to diversify their investments in other assets such as gold, silver, oil and 11 indices.。In order to attract the attention of traders from all over the world, Axi also offers a variety of currencies that traders can use as base currencies, including the Australian dollar, Canadian dollar, Swiss franc, euro, British pound, Hong Kong dollar, Japanese yen, New Zealand dollar, Singapore dollar and US dollar.。
Traders in Axi only need to top up a certain amount to enjoy free VPS provided by third parties。The web hosting service uses external servers to keep the platform running 24 hours a day and prevent downtime。Of course, this service is very useful for those who use EA。
Chart analysis is inevitable when trading forex, and traders need not worry about this when trading with Axi, as one of the advantages of Axi is the Autochartist signal。This function is very useful for accurately tracking market movements, traders using MT4 standard accounts and MT4 professional accounts will get Autochartist signals for free。
In addition to being able to easily understand price movement patterns through Autochartist, Axi also provides easy access to complex trading tools under the name MT4 NexGen。The platform has the advantage of understanding trading sentiment, market insights, related trading and notification management。With this technology, traders have easy access to ultra-fast networks and can handle any high-frequency scalping trade。
Traders can also add knowledge about Forex trading through the free webinar facility offered by Axi。Professional traders and experienced analysts will provide traders with a variety of new trading knowledge in this educational program。
Not only that, but opening an account with Axi can also bring other experiences, such as using tools such as DupliTrade, Myfxbook and ZuluTrade to follow the trading strategies of professional traders.。Traders can freely follow the trading strategies of professional traders and apply them to their own trades。
If there are other questions, traders can contact the 24 / 5 active Axi customer support staff, who come from all over the world and have an international team proficient in the languages of the world.。
XM
- EA Policy: Allowed
Trading platform:MT4、MT5
Execution speed: 99.35% of orders executed within 1 second
Slippage: Slippage is possible for all types of accounts
Spreads and commissions: 3 commissions per lot per trade for zero accounts.$5, lower spread
XM is another top broker to choose from。Founded in 2009, the broker offers more than 1,000 tradable assets, including Forex and CFDs.。As a global broker, XM operates in 186 countries and has more than 3,500,000 users worldwide.。Minimum deposit is $5 and maximum leverage is 1: 888。
Traders can choose to use MetaTrader 4 or 5, available payment methods include bank transfer, debit / credit card, Fasapay, Neteller, Skrill, etc.。Using EA Trading in XM, you can disable automated trading when your account changes。
XM was founded in 2009 as a company called Trading Point of Financial Instruments Ltd..A member of an online brokerage firm。To serve customers worldwide, the company has split into XM Australia and XM Global, as well as XM Cyprus。Each member has a different head office and license, XM Australia is registered under the Australian Securities and Investments Commission (reference number: 443670), XM Worldwide is registered under the International Financial Services Commission (60 / 354 / TS / 19), and XM Cyprus is registered under the Cyprus Securities and Exchange Commission (reference number: 120 / 10).。
XM is one of the more experienced brokers in today's online forex trading world。Since its inception, the broker has undergone many changes, including the addition of an ultra-low account and webinar function, which supports 19 different languages with 35 local instructors in each language。
In terms of trading instruments,XM is known for its diversity of asset providers, ranging from Forex, commodities, CFDs for equity indices, precious metals, energy, to equities。XM prides itself on being the ideal broker to execute trades, providing a statistic that 99.35% of orders executed in less than a second。Trading at XM also offers a strict no-re-quote policy, no virtual trader plug-ins, no rejection of orders, real-time market execution, and the option for traders to place orders online or over the phone.。
在在Spreads across all major currency pairs can be as low as 0 in an Ultra-Low account.6 points, while the spread of other accounts usually starts at 1 point。XM chose to limit their leverage to a scale of 1: 888, rather than offering a maximum leverage of 1: 500 or 1: 1000 (whole numbers), a unique number now widely recognized as a trademark of XM.。
In order to protect the client's funds in the case of extreme volatility,XM provides negative balance protection for each type of account。Deposits for micro and standard accounts start at $5, while Ultra-Low accounts require a minimum deposit of $50。Traders who open an account at XM can get conditions similar to a penny account environment in a micro-account, where each lot has a contract size of only 1,000 units.。If you use the smallest number of lots on the MetaTrader platform, which is 0.01 lots, then the trader can trade only 10 units per trade。
For deposits,XM applies zero-fee deposits in most of its available payment methods。Traders can choose to deposit and withdraw money by wire transfer, credit card, and the most popular electronic payment options such as Skrill, Neteller, and FasaPay.。
XM also provides Islamic accounts for Muslim traders who comply with Sharia law that prohibits the use of interest-bearing overnight swaps for each currency pair.。In order to provide their customers with the best trading experience, XM has opened access to MT4 and MT5 platforms, each with more than 6 display formats (PC, Mac, Multiterminal, WebTrader, iPad, iPhone, Android and Android tablets).。
In general, there is no doubt,XM has gone global, with its deep commitment to providing trading services worldwide available in more than 15 languages.。In addition to simplifying the trader's experience through mainstream trading platforms and high-quality trade execution, XM is open to all types of traders, from small capital traders to preparing large deposits.
for their global approach,XM has ensured that traders from various countries can easily access their services.。This has resulted in different domain names for traders in specific jurisdictions。
Admirals
- EA Policy: Allowed
Trading platform:MT4、MT5
Execution speed: 4 ms
Slip Point: Acceptable
Spread and Commission: $3 commission per lot, average spread 0.1 point
Founded in 2001, Admirals has grown into a major broker with over 10,000 users in different countries.。Based on its experience and licensing services, the broker is safe and reliable, offering more than 100 tradable assets, including forex, indices, metals, equities, ETFs and CFD。
In Admirals, with a minimum deposit of $100 and a maximum leverage of 1: 500, traders can use multiple Forex EAs on the MetaTrader client。
FXOpen
- EA Policy: Allowed
Trading platform:MT4、MT5、TickTrader
Execution speed: Execute immediately
Slippery points: all but micro-accounts have slippery points
Spread and Commission: Spread 0.From 0: 00, commission 1 per lot.From $50
Founded in 2003, FXOpen is a global multi-asset broker with operations in 194 countries and more than 10,000 users worldwide with more than 100 tradable assets available to traders, including FX pairs, indices, commodities, metals, stocks and cryptocurrencies.。
In addition to regular forex trading, the broker also supports social trading and PAMM services。With a minimum deposit of $1 and a choice of account types, it reflects its commitment to support all types of traders.。In addition, the broker offers a variety of payment methods, including bank wire transfer, VISA Mastercard, Neteller, Skrill, Webmoney, UnionPay and more.。
FXOpen allows scalping, hedging and news trading using EA, allows using EA on ECN account on MT4 / MT5 platform。However, if you trade small scalping, there are some restrictions。Both MetaTrader 4 and 5 are available and can be accessed via desktop, web traders and mobile devices。
FXOpen has been operating as an online trading provider for retail customers since 2005.。The company was founded by a group of traders with a mission to provide services in the interests of traders.。FXOpen claims to be one of the first companies to offer ECN trading via MetaTrader 4 (MT4)。With unique proprietary price aggregation technology, customers can benefit from the industry's most competitive spreads (from 0 points) and low trading commissions。
In 2006, FXOpen also became the first broker to offer micro and swap-free accounts.。Since then, they have gone on to become pioneers in a number of high-tech services, including the first crypto account that can offer trading facilities for 24 cryptocurrency pairs such as Bitcoin, Litecoin and Ethereum.。
In addition, the company also provides one-click trading and secondary MT4 plug-ins, allowing traders to trade with just a click of the mouse。Traders don't need to worry about trading security at FXOpen。They are registered with Nevis, FCA UK and ASIC Australia。
Provide STP, Micro, ECN and other trading accounts, as well as free unlimited demo accounts。Minimum deposit per account depends on account type; $1 for micro accounts, $10 for STP and cryptocurrency accounts, and $100 for ECN accounts。FXOpen also offers leverage up to 1: 3 (for cryptocurrency accounts) and up to 1: 500 (for micro, STP and ECN accounts)。
In addition, traders can enhance their trading capabilities with Myfxbook and Zulutrade automated trading systems.。Both services allow anyone to copy the trades of an experienced trader。Thus, a trader can replicate the results of a professional trader's strategy。
The FXOpen PAMM service allows transactions to be copied from the main account to one or more follower accounts and automatically distributes profits and losses。A professional trader operates personal funds through a PAMM account, his trading strategy is copied into the funds of his followers。The owner of the follower account can view and analyze the performance of the PAMM account with the help of advanced analytics。FXOpen has 3 PAMM accounts, STP, ECN and Crypto PAMM。
On ECN accounts, traders will receive direct quotes from leading liquidity providers, including Dresdner Bank, SG Paris, Standard Chartered, Barclays Capital, Bank of America, CRNX, JPMorgan Chase, Morgan Stanley, Deutsche Bank, Royal Bank of Scotland, Citibank and UBS Group。
After seeing the various advantages offered by FXOpen, traders can easily register an account by simply filling out the form in the registration menu of the FXOpen website。Traders will be required to verify documents in advance if they want to deposit or withdraw funds。According to the trader's experience and information, since the establishment of FXOpen, customers have not had any major complaints about payments (deposits or withdrawals)。
After registering with FXOpen, traders also have the opportunity to receive other benefits, such as the FXOpen cash return program within the first 90 days after new customer registration。Cash back minimum $5, maximum $1,000。
In addition, ECN, STP and crypto account holders can also use free VPS。Traders who can maintain a net worth of $5,000 at the end of the month or reach a monthly trading volume of $10,000,000 can use FXOpen VPS for 1 month free of charge。The advantages of VPS on FXOpen are excellent accessibility, flexibility and speed。
Trading on FXOpen becomes easier because traders can increase their insight into trading by participating in competitions。FXOpen Broker via ForexCup.com website offers weekly and monthly trading competitions on demo accounts, traders can participate in free competitions to hone their skills。If you want a bigger challenge, there are trading competitions on real accounts。
The company also offers a forex partnership program to traders, forex brokers and website owners who post information on fiat and cryptocurrency trading.。There are 3 types of partner levels, including using referral (affiliate) links, Forex rebates, and personal partner conditions to attract new customers to FXOpen's Forex IB (Forex Agent)。
All in all, FXOpen is a comprehensive forex brokerage firm for traders who want to try a variety of trading tools, the trading environment for ECN accounts, low minimum deposits, the best cryptocurrency trading conditions, and interesting trading features such as PAMM and mock competitions.。
Pepperstone
- EA Policy: Allowed
Trading platform:MT4、MT5、cTrader
Execution speed:30ms
Slip point: when opening a warehouse
Spreads and commissions: no commissions on standard accounts, 1 point spread on original accounts
Pepperstone is a top global broker founded in 2010。The Australian-based broker offers more than 100 tradable assets and various trading accounts, as well as three types of trading platforms, namely MetaTrader 4, MetaTrader 5 and cTrader。
Some of the advantages this broker offers are support for hedging and scalping strategies, as well as negative balance protection。Pepperstone has a range of smart trading tools for all clients to back-test their EA and algorithmic strategies。
Founded in 2010 by a team of experienced traders working together to improve online trading, Pepperstone is based in Melbourne, Australia and has grown into one of the world's largest forex brokers.。If a trader wants to find a broker that offers low spreads, fast execution and award-winning support, the answer is Pepperstone。
Pepperstone has strong legal safeguards as it is licensed by Australian regulators ASIC and FCA.。Traders "funds can be deposited into separate accounts at Australia's top banks, one of which is National Australia Bank (NAB).。Therefore, if a trader chooses to open an account in Pepperstone, the safety of funds is not an issue。
They successfully partnered with 23 top banks to bring bids to investors instantly via fiber optics, which enabled all orders to be executed 100% automatically with delays as low as zero..05 milliseconds, no need for trading desk intervention and re-quotation, and ultra-low transaction costs。
Pepperstone is trusted by more than 73,000 traders worldwide, processing an average of 125 per day..$500 million in trading volume and won awards for such things as:
Best Forex ECN Broker and Best Forex Trading Support Worldwide 2019 (Europe)
Best Australian Broker and Best Trading Platform 2018 by Compare Forex Brokers
2018 UK Forex Awards Best Forex ECN Broker, Best Forex Trading Support and Best Forex Trading Conditions
With numerous awards, Pepperstone attracts more and more traders from all over the world。Pepperstone's performance rose not only because of its ultra-low spreads and fast execution services, but also because many traders were keen to trade in currencies other than the US dollar.。
As a result, Pepperstone is one of the most responsive brokers to the market because it is willing to accept deposits in 10 currencies, including the Australian dollar, the US dollar, the euro, the Canadian dollar, the British pound, the Swiss franc, the Japanese yen, the New Zealand dollar, the Singapore dollar and the Hong Kong dollar.。
Pepperstone allows traders to choose between 11 trading platforms: MT4 Desktop, MT4 Mac, MT4 iPhone, MT4 Android, MT4 iPad / Tablet, MT5, WebTrader, cTrader WebTrader, cTrader cAlgo and cTrader Mobile。The choice of trading platform is very practical for novices because it executes quickly。
When trading Forex, traders can enjoy 0 on their Razor account.0 pip original spread, over 61 currency pairs, and commission-free account funds for various deposit options。In addition to currency pairs, Pepperstone offers several types of trading tools, including indices and stocks, commodities and cryptocurrency CFD。
Commodity trading tools are very diverse, not only metals, gold and silver, but also soft commodities such as cotton, sugar, coffee, cocoa and orange juice.。Pepperstone also offers energy (oil and gas) trading.。
Pepperstone offers two types of accounts, Razor accounts and Standard accounts。If you are a beginner, it is recommended to choose a EUR / USD average spread of 1.0-1.3 point and commission-free standard account。
Traders with specific trading styles (such as scalping traders and algorithmic traders) may enjoy the traditionally lower-cost setup of Razor accounts, with a trading commission of 7 Australian dollars and a trade of 100,000 US dollars per round..01 (micro) and 1: 400 leverage to start trading。
As Pepperstone customers, traders can deposit and withdraw money through Visa, Mastercard, POLi Internet Banking, Bank Transfer, BPay, PayPal, Neteller, Skrill and Union Pay。
If you are new to trading or want to practice your trading skills in a risk-free environment, you can create a demo account, but if you are experienced or prefer to learn by doing, Pepperstone offers live accounts that allow you to trade with real-time execution and pricing.。
Traders can also use third-party services to follow popular trader scenarios while learning how to improve their trading abilities。Pepperstone works with a range of social trading platforms for traders to choose from, such as Myfxbook, ZuluTrade, Mirror Trader, MetaTrader Signals and Duplitrade。
What you need to know about smart trading
In forex trading, an EA is a computer software designed to automate forex trading, which analyzes currency pairs in the forex market and offers traders spot trading opportunities。
Usually, traders use a variety of chart settings and trading indicators to analyze the market, then decide when to open and close positions, and choose which order must be used to produce the best results, all of which are automated。
Today, the EA deal has undergone some modifications。In the early days, EA trading was only used to help analyze the market, but today it provides a more advanced use。Now, the robot can analyze multiple currency pairs at the same time and eventually provide buy and sell signals on the trading platform。
In addition, EA trading is mainly used for MetaTrader 4 and 5 platforms, where all EAs are written in the programming language MetaQuotes Language (MQL).。Each trader can create his own EA and modify it according to his own trading strategy, then the robot will automatically execute trades according to pre-programmed parameters。
The challenge is to find the right broker that can translate your request well into an actionable EA without messing up the code。
In addition to this, traders can also choose ready-to-use pre-made EAs。Currently, there are a large number of EA's sold online, some of which are even offered for free as rewards or import products for other forex items。
However, pre-made EAs are considered risky because the programming strategy or code usually does not reveal。In general, strategies are simply explained to avoid imitation (scams)。
A good EA deal must meet several basic criteria to make it work perfectly。Some of them are as follows:
- EA trades must have clearly defined entry and exit parameters。
The EA must be able to provide acceptable money management parameters。
EA should be updated regularly to keep up with market changes。
Code without bugs and errors。
It is best to choose an EA that has been back-tested and forward-tested for more than one year to avoid failure。
The EA must have good layered protection, especially against hacking issues。
It is important to fully understand the EA and view reviews from other buyers before buying。Alternatively, you can use an "open source" EA, which allows traders to view the programming code of the robot。
In this case, the developer sets the default settings of the EA and lets the trader further modify them to suit their trading strategy。Whether using your own creation or someone else's EA, it must be tested on a demo account。
Conclusion
In summary, EA Trading is a computer program that can automate your trading。Reliable EA trading is very useful, especially when you have a tight schedule and need some help to monitor trading。However, keep in mind that this does not mean that your deal will always be successful。Similar to trading strategies, not all EAs are effective。
So, it is very important to test the EA before fully trusting it。VPS is also highly recommended to avoid malfunctions and other issues。
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