Using automated trading in the modern world, where life is hard to imagine without computers, not only makes trader’s work simpler, but also much more successful. Advisors and robots have become essential tools for traders, who are striving to become professionals and earn high profit 24 hours a day. High quality of work that is guaranteed by broker companies enables the use of innovative technologies, thus leaving no place for doubt.
Is it possible for a computer to earn high profit without trader’s assistance? Which brokers from the list of the ones that provide automated type of service can be trusted? These questions have been studies by the Analytics Team of the “Market Leader”.
Automated Trading is an Innovative Breakthrough at Forex Market
Even the most experienced traders can make mistakes, as stated by the leading Canadian expert of Yevgeny Olkhovski in his interview to the “Market Leader”.
In this reference, advisors and robots have become a real breakthrough at Forex market, thus eliminating so called human factor. Forex advisors are personal helpers of traders that have taken in the ideas of traders, analysts and risk managers. They have been created due to the painstaking work of programmers and have already gained approval from many experienced traders and beginners at Forex market.
What does automated trading give to a trader?
Automated trading at currency market is a function included into a trading platform, due to which transactions are held automatically, following the algorithm set by the trader:
- owner of personal advisor does not have to be in front of a computer and control market behavior all the time.
- created system is automatic; it works non-stop without traders participation, which enables holding a big number of transactions and follow trends when traders are unable to do so.
- strict following to the set strategy helps to solve the psychological problem of having negative account and losing profit at the early stage of growing.
- temporary closing of the order and instant opening/closing, which is a high benefit in the conditions of dynamic market.
Automated systems enable traders to have more free time, thus having successful trade at currency market 24 hours a day. A number of advisors’ benefits are highly estimated not only by experienced traders, but also traders with entry level of professional training.
So, how to choose a broker that provides the best service of automated trading? This question can be answered by the best Forex Training Project in Europe, namely .
Rating of Best Forex Brokers for Automated Trading
has introduced the rating of best forex brokers for automated trading. The poll is objective and unbiased, as the questioned traders have already managed to assess the companies with most reliable automated service.
Despite the fact that the poll has started rather recently, potential leaders of rating of the best broker for automated trading have already been defined:
International broker company NORD FX is the leader. The broker keeps up to time by providing its partners with modern technologies and constantly expanding its range of instruments. Traders give high rating to various accounts and trading grounds, provided by the broker.
Forex Trend has set at the second place. In addition to providing operational comfort while working with ECN and PAMM accounts, the company introduces bonus programs and contests, thus supporting traders-beginners and experienced traders.
The third place has been appointed to International financial holding FIBO Group. The broker group consists of company from around the globe and provides its partners with high-tech technologies for decent earning, as well as CFD trading and one of the best programs MetaTrader 4.
The three leaders are followed by such broker companies:
- FXOpen (520 points)
- Alpari (503 points)
- Roboforex (468 points)
- Forex4You (427 points)
- Fresh Forex (374 points)
- Larson&Holz IT Ltd. (374 points)
- LionStone (370 points)
- EXNESS (287 points)
- Forex broker (284 points)
These companies are rather highly assessed by traders; according to experts, they have all chances to win the contest for the best broker for automated trading. It is worth mentioning that some of the abovementioned brokers occupy average positions in other ratings organized by , thus being far from leading positions (for more details see Masterforex-V Traders Called Russian Broker with Best Analytics).
At this point three brokers are highly advised to pay attention to the quality of provided services:
- Instaforex (143 points)
- IKON Group (134 points)
- North-West Financial Broker (- 25 points)
These companies have currently gained the smallest number of votes in the poll.
As stated by Yevgeny Olkhovski, taking into consideration the rapid development of computer technologies, broker companies should not only keep up to time, but also keep improving the service of automated trading by eliminating all drawbacks of the system. This is important as despite the quantity of currency pairs, minimal spreads, and various types of trading accounts, traders prefer brokers that provide day-and-night trading with the help of reliable personal advisors.
