Algorithmic trading (also known as automated trading, black box trading) offers many advantages, but not every broker has the best environment。Here you may find some brokers suitable for algorithmic trading。

With the advancement of technology and computers, trading has become easier and faster。Many traders can now easily execute trades using computer programs instead of using the traditional methods of a broker.。In theory, with meticulous programming, this type of trading can generate profits at a speed and frequency unmatched by human traders。This article will discuss algorithmic trading and how to choose the best platform for it。

What is algorithmic trading?？

Algorithmic trading uses a computer program that follows a defined set of instructions (algorithms), with time, price, quantity, or any mathematical model used to define the set of instructions.。In addition to profit opportunities, algorithmic trading makes markets more liquid and trading more systematic by eliminating the impact of human sentiment on trading activity.。

To execute trades at precise times, it combines computer programming and financial markets。Algorithmic trading attempts to remove emotions from trading to ensure the most efficient execution of trades by placing orders immediately。Trend-following strategies, arbitrage and index fund rebalancing are common trading strategies.。Algorithmic trading can also be based on volume (volume-weighted average price) or time (time-weighted average price)。To start algorithmic trading, you need a computer, internet connection, knowledge of financial markets and coding skills。

algorithmic trading practice

Suppose a trader wants to trade using these two algorithms:

• Buy currency pairs when the 50-day moving average is above the 200-day moving average。
  Sell currency pairs when the 50-day moving average is below the 200-day moving average。

According to these two instructions, the computer program will monitor prices and indicators and trade when conditions are met。In this way, traders do not need to monitor real-time prices and charts, nor do they need to manually enter trades, and computer programs can trade according to set algorithms。

Brokers offering algorithmic trading

There are many things you need to consider before trading algorithmically, especially if you are not skilled enough in computer programming or just don't want to get into coding trouble。Here we have put together some brokers for algorithmic trading to help you。

We regard the number of automated trading platforms, APIs, overall quality of services, efficiency of order execution, and Forex VPS as key aspects of providing the best algorithmic trading experience for experienced traders。

IC Markets

IC Markets is an ECN broker that allows you to create and install EA trades on MT4, MT5 and cTrader。The highlight of IC Markets is the order execution speed, which is very suitable for implementing automatic scalping technology. You can start trading by opening a cTrader account with this broker。In addition, there are FIX APIs available to clients。The spread of IC Markets is also as low as 0 o'clock.。

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IC Markets 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 registered under the Seychelles-based IC Markets SEY and are 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 MarketsClassified 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.。

IC Markets "minimum deposits are at a moderate level compared to other 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。

Due to the trading technology of IC Markets equipped with highly centralized servers and extremely low latency (especially on cTrader), the broker is well known for its ability to host traders with special needs for high-frequency trading and order brushing。

In summary, 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.。

Roboforex

RoboForex is known for its advanced multi-asset automated trading platform R StocksTrader, which allows you to create trading robots for multiple markets using a detailed editor, even if you don't know how to program with the API。In addition, the RoboForex platform provides a powerful backtesting tool for automated strategies, allowing traders to check historical data dating back to 1970.。RoboForex allows you to create, test and run an unlimited number of trading robots, making it suitable for novice algorithmic traders。

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RoboForex is known as one of the most committed brokers to the advancement of trading technology, with a wide range of services, from beginners to experienced traders who seek a complex trading environment with similar ECN spreads and execution。Founded in 2009 and headquartered in Belize, RoboForex is registered under the Belize IFSC and successfully attracts customers with a leverage ratio of up to 1: 2000.。

As for services for European traders, RoboForex operates exclusively a different brand called RoboMarkets, which is still a member of the head office (Robo Holding Company) and has an office in Cyprus.。The business is licensed by the Cyprus Securities and Exchange Commission (CySEC)。

RoboForex is committed to being at the forefront of high-tech forex brokers, offering a variety of trading platform options including MetaTrader 4, MetaTrader 5, cTrader, social platforms and its proprietary platforms。

Trading instruments range from currencies to metals, indices, energy, stocks, ETFs and cryptocurrencies。In addition to basic services, RoboForex trading also presents a series of unique features, such as the PAMM system and the social trading network developed under its own brand CopyFX, ETFs and stocks, with thousands of available trading assets, small spreads, and payment methods via Bitcoin and Ethereum.。

In addition to wire transfers and credit cards, RoboForex accepts payments through a surprising online gateway。Alternatives are Skrill, Neteller, FasaPay, UnionPay, WebMoney, Perfect Money, Qiwi and other similar online payments。

After opening an account, traders can start with a minimum deposit as low as $10 in a professional account。To be specific, here is a short description of each type of account a trader can choose in RoboForex:

Pro-Standard

• Minimum deposit: $10
  Spread: 1.From 3 o'clock
  Minimum order quantity: 0.01
  Leverage: up to 1: 2000

ECN-Pro

• Minimum deposit: $10
  Spread: from 0 o'clock
  Minimum order quantity: 0.01
  Leverage: up to 1: 300

Prime

• Minimum deposit: $5,000
  Spread: from 0 o'clock
  Minimum order quantity: 0.01
  Leverage: up to 1: 100

Pro-Cent

• Minimum deposit: $10
  Spread: 1.From 3 o'clock
  Minimum order quantity: 0.1
  Leverage: up to 1: 2000

R Trader

• Minimum deposit: $100
  Spread: 0.From $01
  Minimum order quantity: 1 stock
  Leverage: up to 1: 200 (during the trading session) and up to 1: 4 (after the trading session)

The R Trader account marks RoboForex's attempt to distinguish between forex and stock trading conditions。The platform used in this particular account appears to be an internal product of RoboForex, designed for online trading of stocks.。

Despite being an offshore regulatory entity, RoboForex is an outstanding broker。RoboForex not only successfully offers a variety of trading techniques, but also focuses on stock trading for more conservative traders.。However, it is also important to note that RoboForex is one of the few brokers that boldly offers extremely high leverage ratios of 1: 2000.。

Tracker Securities

Interactive Brokers offers an advanced API system that enables experienced traders to more effectively manage their automated trading。IB provides REST API, as well as open source IBKR API and FIX API。Trading robots and algorithms can be written in C + +, C #, Java, Python, ActiveX, RTD or DDE using IBKR's proprietary platform。Professional clients with IBKR Pro accounts will have access to a more advanced automated trading service, which includes 13 pre-running algorithms that users only need to configure according to their own strategies, which is ideal for advanced and professional algorithmic traders Choice。

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Tracker Securities is a direct market access broker that provides execution, clearing, settlement and primary brokerage services to clients.。Since Thomas Peterffy was founded 41 years ago, the company has grown internally to become one of the leading securities firms with more than $7 billion in equity.。

The firm was initially recognised as a popular broker for senior traders and launched a second tier service called IBKR Lite for more casual investors in 2019.。

IBKR Lite serves more than 125 market destinations around the world and provides direct access (online) to trade execution and clearing services for institutional and professional traders, including equities, options, futures, forex, fixed income and funds worldwide.。Tracker Securities Group and its subsidiaries execute more than 859,000 transactions per day。

Headquartered in Greenwich, Connecticut, Infront Securities has more than 1,400 employees at companies in the United States, Switzerland, Canada, Hong Kong, the United Kingdom, Australia, Hungary, Russia, Japan, India, China and Estonia.。IBKR is regulated by the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), and the Financial Conduct Authority (FCA) and is registered with the New York Stock Exchange (NYSE).。

Tracker offers a wide range of product-centric tools, such as options traders and probability labs for streamlining unilateral and complex multilateral options trading; FXTrader for forex trading, a mutual fund / ETF replicator to help traders find lower-cost ETF alternatives, and a fixed-income screener for corporate and institutional bonds。Overall, the trading of Interflow Securities will receive the most useful and updated tools to maximize trading and investment objectives.。

As a popular and regulated broker in the United States, Interactive Brokers has won some awards.。Recently, they were named the Best Online Broker of 2019 by Barron's Weekly, categorised as the best broker for mobile, international and frequent traders.。In addition, they received the Best Performing Broker Award from the Preqin Service Provider and the Best Holistic Broker Award from Investopedia (Best Low Cost, Best International Trade, Best Options Trade, Best Day Trade and Best Penny Stock).。These awards were not only won in 2019, but since 2005, Interloop Securities has won many awards for the best service it provides to its clients.。

In order to optimize the speed and efficiency of trading for our clients, Intron Securities offers a suite of powerful trading platforms:

• Customer Portal
  One-stop destination for checking quotes and making trades, viewing account balances, profit and loss, as well as key performance indicators, funds and reports。
  Desktop trading platform
  Flagship platform designed for active traders and investors who trade multiple products and need power and flexibility。By opening an account with and using the platform, traders can take advantage of state-of-the-art algorithms and trading tools, as well as a library of tools and asset-based trading layouts for optimal customization.。
  Mobile IBKR TWS
  The mobile version of IBKR TWS is designed for traders who want to easily trade and monitor their IBKR account from an iOS or Android device (tablet or smartphone)。
  IBoT
  IBoT is a bot for finding information and placing orders in the customer's own words, available on desktop TWS, mobile IBKR and client。
  IBKR WebTrader
  IBKR WebTrader is designed for traders and investors who prefer a simplified interface。
  IBKR API or IBKR Pro
  The trading platform is designed for traders and investors who want to write trading software or automated trading programs (third-party software users)。

Overall, for those who want to find a reliable and regulated broker to trade, Tracker Securities has always been a good choice.。Tracker Securities provides a large number of trading platforms, committed to providing the best service for novices and professionals, suitable for the needs of each customer。

Admirals

Admirals offers automated trading on MT4 and MT5 platforms, the highlight is free use of the Extreme MetaTrader, which can also be installed on the broker's VPS。Traders without VPS can also get free from them if they meet certain conditions。

FP Markets

FP Markets is an adaptable algorithmic trading broker that, in addition to allowing algorithmic trading on MT4 and MT5, offers internal solutions such as documentary trading platforms and external solutions such as MyfxBook Autotrade。Autochartist can link to MT4 / MT5 account of FP Markets for market analysis。FP Markets offers its traders a VPS connected to a network of Equinix NY4 servers to reduce latency and keep EA running 24 hours a day, 7 days a week。

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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。

Conclusion

Algorithmic trading combines computer software with financial markets, opening and closing trades using predefined codes。On a larger scale, institutional investors and traders may use their processing power to engage in high-frequency trading, but this does not mean that you cannot try algorithmic trading。In fact, you can start learning and gain the advantages of automated trading on retail platforms that allow this strategy。In this case, the above broker can be a good try。