The best forex automated trading platforms allow users to trade in a fully automated manner. That is to say – the platform will buy and sell financial instruments autonomously – allowing users to trade without lifting a finger.
In this guide, we review the best forex automated trading platforms of 2022!
In This Guide
Here’s a breakdown of the 10 best automated trading platform providers of 2022. Scroll down to read our full review of each platform!
There are hundreds of forex automated trading platforms that allow you to actively trade but in a passive way. The key problem is that most providers make super-bold claims about huge financial returns. But, in many cases, there is no way to verify the authenticity of these claims.
To help point you in the right direction, below we discuss a selection of the best automated trading platforms to consider in 2022.
Learn2Trade is a semi-automated platform that specializes in forex trading signals. The provider is also involved in cryptocurrencies, indices, stocks, and commodities. These signals tell you exactly what orders to place at your chosen trading platform – based on research performed by the team at Learn2Trade.
For example, you might receive a signal that tells you to place a buy order on GBP/USD when the pair hits a price of 1.3950. The signal will also come with risk-management tools – covering both stop-loss and take-profit orders. Crucially, this ensures that you are trading in a risk-averse manner.
Learn2Trade removes the need for you to perform any research or analysis yourself. This is arguably a better option than allowing a platform to trade with your capital. After all, there is every chance that the platform will go on a prolonged losing run and burn through your balance.
By opting for the Learn2Trade best forex signals service, you have full control over whether or not you act on the respective suggestion. In terms of pricing, Learn2Trade offers two plans. Firstly, you might decide to start with its free trading signals. This will get you 3 signals per week.
The premium plan will get you 3-5 signals per day. Irrespective of which plan you opt for, all signals will be sent to you in real-time via the Learn2Trade Telegram group. At the time of writing, its Telegram channel has over 17,000 members.
Learn2Trade offers a 30-day moneyback guarantee to all new subscribers of its premium plan. This means that you can test its signals out via a forex demo account without risking any of your trading funds.
There is no guarantee that you will make money with this provider. Proceed at your own risk.
Pionex is a cryptocurrency exchange that incorporates trading algorythms to allow investors to automate their trading. Currently, it offers 12 different trading algorythms, all of which are free of charge for users. When you invest with platform, you will be able to reduce the need to constantly monitor the market, as your strategy will be automated.
In fact, Pionex’s most important function is to automatically process both buy and sell orders based on previously configured criteria. In addition, however, the users have the option to trade manually by highlighting and selecting the cryptocurrency they want to buy or sell.
Grid trading platforms are one of the most popular systems when it comes to the many different possibilities this system offers investors based on the fact that they are designed to buy low and sell high once prices reach predetermined levels. Another one of the most desired functions is the spot futures arbitrage system which generates a profit based on the principle of the capitalization of the differences between the current spot price of a cryptocurrency and the current price of the cryptocurrency in the futures market, with a return between 15 to 50% APR.
When you invest with Pionex, you’re subject to a maker-taker fee schedule, which means you pay a fee if your trades create or drain market liquidity. If a backorder on our books is not immediately matched by an operation you perform, the manufacturer’s fees will apply.
If you’re looking fully a fully automated forex trading platform that is compatible with MetaTrader 4 (MT4) – it might be worth considering the 1000pip Climber System. The provider claims that its trading strategy has made gains of just under 20,000 pips in three years of activity.
Of course, there is no way to independently verify this – which is why testing the program out via a demo account is crucial. Once you have downloaded the 1000pip Climber System software file and installed it into MT4, it will start trading on your behalf – 24 hours per day.
The system itself focuses on six major forex pairs that analyze the 15-minute, 1-hour, and 4-hour pricing charts. As the software file is 100% rule-based, there is no requirement for you set up risk-management parameters. This is because the trading platform will always enter stop-loss and take-profit orders on each position.
In terms of pricing, the 1000pip Climber System costs $97 – reduced from a previous price of $299. It appears that there is no moneyback guarantee offered by the provider, so do bear this in mind.
Forex Fury is an established automated trading platform provider that focuses exclusively on the currency market. It is compatible with several third-party trading platforms – including MT4 and MT5. There is also support for ECN Accounts.
In terms of its strategy, Forex Fury claims to only trade for 1 hour per day on just a single currency pair. This will be during times when there are low volatility levels. When it comes to performance, Forex Fury claims to have a win rate of 93%.
The platform notes that its results can be viewed at Myfxbook. Forex Fury also claims that it aims to make monthly gains of 10-20%. Much like the 1000pip Climber System, Forex Fury does not offer a free trial or moneyback guarantee.
Instead, you will need to purchase the trading platform via a one-time fee. This starts at $229.99 for the ‘Gold’ platform, which permits 1 account license, free updates, and lifetime membership. The ‘Diamond’ platform gets you an additional account license – should you wish to deploy two systems simultaneously – perhaps at different brokerage sites.
If you are looking for the best automated trading platform for Bitcoin – it might be worth considering BitQT. The platform makes some extremely bold claims – such as being able to make $1,250 daily from a small deposit of $250. In terms of how the program works, everything is fully automated.
There is no requirement to download any software and install it into a platform like MT4. Instead, once you meet the minimum deposit of $250 – the platform will start trading for you.
BitQT claims that you can withdraw your profits at any time and that it only uses reputable and regulated forex brokers. BitQT also offers a fully-fledged mobile app.
This allows you to keep tabs on how your Bitcoin trading is performing in real-time. When it comes to pricing, the team at BitQT claims that the platform is still in its beta testing phase, so you won’t be charged anything to use the platform.
75.26% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
If you are looking for a great, but free forex automated trading platform, EA Pros is one of the best possible options. The platform operates on the most popular currency pairs, namely, EUR/USD, GBP/USD, USD/CAD, USD/CHF, EUR/GBP and on the MetaTrader 4 platform. This platform is constantly being upgraded, and other currency pairs are being tested too. This platform has earned a total of 28,613 between 2020 and 2022. It is also worth noting that it works on 5 currency pairs, and so the result is considerably good.
We are proud of a profitability level of 71% and a total gain for the entire period of 923.02%. Live results from real accounts can be verified on FX Merge.
There is no need to make changes to the automated platform’s parameters, except in cases when the lots are considerably large. This will surely help in making this automatic system easier to use.
Customer service runs from Monday to Friday practically all day long. No returns are offered as the system is available for free for four brokers.
GPS Forex Automated Trading Platform specializes in the most traded currency pair in the market – EUR/USD. The provider offers a fully-automated platform that comes in the shape of a downloadable software file. You are then required to install the file into MT4.
Once you do, the file will begin to trade on your behalf 24 hours per day. In terms of performance, the GPS Forex platform claims to have a huge win rate of 98%. In simple terms, this means that the platform claims to make gains in 98 out of every 100 positions entered.
GPS Forex also claims to utilize a ‘reverse strategy’ to mitigate risk. This entails opening a position in the opposite direction when it appears a trade will not result in a profit – subsequently yielding a small loss. When it comes to pricing, GPS Forex doesn’t charge a monthly subscription of any sort.
Instead, you will need to pay a one-time fee of $149. You can complete the purchase instantly with Visa, MasterCard, American Express, Discover, or Bitcoin. Crucially, we like the fact that the team at GPS Forex offers a 60-day moneyback guarantee. This gives you sufficient time to test the platform out via a brokerage demo account in a risk-free manner.
FX Master Bot – which also goes under the name Binary Options Bot, is relatively well known in the automated trading system scene. This automated trading platform provider specializes in binary options – covering both the forex and cryptocurrency markets.
Regarding the latter, the platform will trade Litecoin, Bitcoin, Ethereum, Tether, and USD Coin. There is no requirement to download or install any software with this platform.
Instead, everything can be completed via your FX Master Bot account. Once you have registered, you will be required to choose a forex or cryptocurrency pair that you wish to target. Then, you need to choose a trading strategy and subsequently activate the system.
FX Master Bot offers a demo account that comes with $10,000 in paper funds. This allows you to test your chosen strategy without risking any capital.
Algo Signals is a popular system provider that offers both automated and semi-automated trading facilities. Primarily, the platform specializes in forex and crypto signals.
Much like Learn2Trade, these signals will tell you what pair to trade, whether you should go long or short, and what stop-loss and take-profit prices to enter. This allows you to take more control over your trading capital, rather than relying on an algorithm.
With that said, Algo Signals also allows you to automate your trading endeavors. To do this, you will need to open an account with a partnered forex trading site. Then, after setting your risk-management parameters, the platform will start trading on your behalf.
Algo Signals also offers a demo trading facility that you can access from within your account. This allows you to backtest your chosen strategy without risking any money.
Crypto Rocket is not an automated trading platform itself. Rather, it is an online trading platform that offers high leverage limits. The platform is fully compatible with MT4 – meaning that you can use your chosen trading strategy via Crypto Rocket with ease.
After all, if you elect to obtain an MT4 system, you will need to link the platform with a top-rated brokerage site. If choosing Crypto Rocket, your system can trade cryptocurrencies, forex, stocks, and indices. The platform offers leverage of up to 1:500.
In reviewing the terms of conditions of Crypto Rocket, the platform notes that it offers full support for third-party trading platforms. This is something that you should always check, as some brokers are often against the use of automated systems. Finally, all Crypto Rocket deposits are facilitated in Bitcoin, and withdrawals are processed on a same-day basis.
If you are looking for the best forex platform for beginners, it might be worth checking out BinBot Pro. This automated trading platform is very simple to use and you don’t need to concern yourself with downloadable software or third-party platforms like MT4.
Instead, all you need to do is register on the BinBot Pro website, deposit some funds, and that’s it – BinBot Pro will place buy and sell orders on your behalf. This trading platform provider specializes in forex binary options – which is a super short-term strategy.
We like the fact that BinBot Pro is transparent about which binary options brokers it is partnered with. This includes BinaryCent, VideForex, RaceOption, and IQCent. The minimum deposit across all of its supported brokers is $250 and the minimum trade value starts at $0.1 cent.
There are no fees to use BinBot Pro, so it’s only your trading capital that you need to provide. Once you have registered, you can set up your trading parameters so that the platform alligns with your financial goals and appetite for risk. In terms of performance, BinBot Pro claims to make returns of 90%. There is, however, no way to know whether or not these claims are valid.
While most of the platforms discussed so far come with pre-built strategies – some of you might be looking to build your own. The good news is that when using EA Builder – there is no requirement to have any knowledge of coding or programming. Instead, the platform operates a ‘drop and drag’ system.
You can build a strategy to suit your trading style and tolerance for risk. You can base your conditions on price, candlesticks, time-frames, and more. You can also merch these metrics with technical indicators – giving your trading the best chance possible of outperforming the market.
Crucially, EA Builder allows you to backtest your custom strategy in demo mode. This allows you to see how the system is performing in live market conditions without risking any money. You can make necessary amendments to the strategy as and when you see fit. The platform is suitable for trading forex, commodities, and indices.
Once you have built the system and are ready to deploy it, you can download it to your desktop device and install it into MT4 or MT5. This means that you can use the platform with any MT4/5 broker of your choosing. When it comes to fees, EA Builder offers a free plan that allows you to create custom indicators. But, if you want to build fully-fledged platform strategies, you’ll need to pay a one-time fee of $97.
Here’s a breakdown of what fees you will be required to pay when selecting one of the best automated trading platform providers discussed on this page.
Trading fees will often change so be sure to check this out before proceeding.
Forex automated trading platforms, otherwise referred to as EAs (Expert Advisors) or simply ‘bots’, allow you to trade assets in a 100% passive nature. The main concept is that the trading platform will make decisions based on pre-programmed code.
The underlying algorithm will therefore perform technical analysis in an autonomous manner – making it perfect for inexperienced traders or those that lack the time to actively research the markets. When the system spots a trading opportunity, it will then proceed to place a series of orders.
The best automated trading platform will not only place buy/sell and limit orders but also stop-loss and take-profit orders. In doing so, this ensures that the system trades in a risk-averse way and thus – don’t burn through your balance in one fell swoop. In most cases, the platform will come via a downloadable software file that you need to install into a third-party platform.
MT4 is usually preferred by developers, albeit, MT5 and cTrader are often compatible too. More on this shortly. In terms of supported markets, the best trading platform providers will cover everything from forex and stocks to commodities and Bitcoin.
As we briefly noted in the section above, the best automated forex platforms usually come in the form of a software file. You would then be required to install this into a platform like MT4. Then, you would need to link your MT4 account with an online broker. Once you activate the file, it will then be able to trade on your behalf.
In terms of how the system makes trading decisions, everything is based on pre-programmed code. The developer behind the system will have a specific strategy in place. For example, you might opt for a platform that scalps the forex markets 24/7 or one that targets high-volatility instruments like crypto.
To clear the mist here’s a quick run-through of how the best automated trading platforms work
The process above is pretty much the same as other platforms – such as cTrader and MT5. With that said, some providers do not require you to download any software. Instead, they allow you to activate the system through the provider’s website which in turn – will trade at a broker that has partnered with the developer.
The process of installing and deploying an automated trading system is actually very simple. The difficult part comes in choosing a trading platform that has the potential to make you consistent gains. With thousands of such providers marketing their services online – knowing which one to opt for can be challenging.
To ensure you choose the best trading platform for your needs – be sure to consider the following recommendations:
There are many other factors that should be considered when searching for the best forex trading platform. But, these are the most important.
The main attraction when using an automated platform is, of course, the ability to trade in a passive manner. However, with much of the industry dominated by scam artists that make unproven claims – it might be worth considering an alternative to forex automation. At the forefront of this is the Copy Trading tool offered by eToro.
This online broker is regulated on three fronts (FCA, CySEC, ASIC) and is also registered with FINRA in the US. The Copy Trading tool still permits passive investments.
However, the key difference is that you will be copying an experienced and verified forex trader as opposed to a piece of unproven software. Most importantly, each and every trader that the investor has made at eToro is publically viewable.
For example, you can see how much money the trader has made each month since joining eToro, as well as other key statistics centering on maximum drawdown, risk rating, average trade duration, and preferred market. We should also note that eToro doesn’t charge any fees to use its Copy Trading feature and all supported financial assets are traded without commission.
Your capital is at risk.
With thousands of trading platforms available in the online space - choosing a single provider is not easy. We have discussed 10 of the best trading platforms on this page - so feel free to research these providers yourself to see if they are a good fit for your requirements.
Most trading platforms are built using advanced programming languages - so unless you have an understanding of coding - you might find this extremely difficult. With that said, EA Builder allows you to build a custom strategy that you can then install into MT4. There is no requirement to understanding coding - as your strategy is built via drop and drag.
The best forex platforms will charge a one-time fee that you need to pay to gain access to the downloadable software file. This can vary wildly - although in most cases will average $100-$300.
If you rely solely on the claims made by your chosen system provider - there is every chance that you will be using an unproven strategy. As such, it is wise to run the system through a brokerage demo account for at least a few weeks, to see how it performs in live market conditions. If the platform provider offers a moneyback guarantee, then this means that the entire process is risk-free. After all, you won't need to risk any trading capital, and if the bot doesn't perform well - you can simply ask for a refund.
Trading platforms usually come in the shape of pre-programmed software that makes decisions based on code. Copy Trading is the process of 'copying' an experienced trader like-for-like.
Kane Pepi is a British researcher and writer that specializes in finance, financial crime, and blockchain technology. Now based in Malta, Kane writes for a number of platforms in the online domain. In particular, Kane is skilled at explaining complex financial subjects in a user-friendly manner.
Kane has also written for websites such as MoneyCheck, InsideBitcoins, Blockonomi, Learnbonds, Buysharesand the Malta Association of Compliance Officers.
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