Since their emergence in the trading market Expert Advisors or forex robots have undergone a lot of changes since the early days. What started out as a simple application which conducted trading analysis and then traded accounts has now turned into complex algorithmic software used for advanced trading. Online brokers, recognizing the demand for such software programs have started offering compatibility. Most reliable online brokers offer traders the option of using their EAs or forex robots to trade on their platform. For those who are searching, this article aims to help them out with 4 of the best brokers for expert advisors in 2021.
Australia-based Axi Trader was founded in 2007 and has been ranked among the most trusted broker in the world. It opened its London-based subsidiary in 2012 to offer trading services to UK citizens. Tight spreads and fast executions are the main features of this broker. Additionally, it provides clients with direct access to liquidity providers from 14 of the World’s biggest banks. The broker is regulated by the FCA in the UK and the ASIC in Australia. Its offering consists of forex pairs, Commodities as well CFDs and Indices, Bitcoin, and other Cryptocurrencies.
AvaTrade is one of the largest brokers in the world with 200,000 active clients worldwide. It is regulated in over 5 continents worldwide providing customers with sophisticated but easy-to-understand trading tools which are fit for both beginners and novices. It provides an easy account opening process that can take mere minutes to complete. It has been the recipient of multiple accolades for its excellent service and trading technology over the past ten years. It offers a mix of 250 instruments consisting of currency pairs, vanilla options, CFDs on Commodities, Stocks, Indices, ETFs, Bonds, and Cryptocurrencies.
- Admiral Markets
Admiral Markets is a reliable broker operating since 2001 and is headquartered in the UK. It also extends its services to Cyprus, Estonia, and Australia. The broker provides competitive low spreads and deep liquidity allowing their clients to implement a range of trading styles and strategies including EAs. This way they can ensure low rejection rates and slippage and high trading speeds. Admiral Markets offers a very quick and easy account opening process. The broker is known for providing one of the lowest spreads in the industry. It is regulated by FCA (UK), EFSA (Estonia), CySEC (Cyprus), and ASIC (Australia). Clients can get access to Metals and currencies, CFDs trading on indices, energies, bonds, stocks, and CFDs on Cryptocurrencies.
Forex.com is a multi-regulated broker that is part of GAIN Capital Holdings. Founded in 1999, the broker provides trading services to clients across 180 countries including countries in Europe, Asia Pacific, North America, and Africa. The broker provides a smooth account opening process that is fully digital, letting clients access trading tools in a matter of minutes. It provides MT4 and MT5 as well as its proprietary trading platform. Because it provides services across multiple countries, it is regulated by financial authorities such as CFTC (USA), NFA (USA), FCA (UK), IIROC (Canada), ASIC (Australia), JFSA (Japan), MAS (Singapore) and CIMA (Cayman Islands). It provides an impressive number of Currency pairs, Bitcoin and Ethereum, indices, shares, and commodities with additional educational resources available.
Expert Advisors have shifted the way traders approach markets. They have paved the way for success for a lot of traders who would otherwise struggle with manual trading. For traders interested, it is always important to check the background and read reviews of EAs before investing any money. Investing in the wrong EA can do more financial harm than gain.