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27 Best Expert Advisors Forex Trading Platforms

27 Best Expert Advisors Forex Trading Brokers

 

Overview

Expert Advisors (experts) are programs in the MetaTrader terminal that have been developed in MetaQuotes Language 4 and used for automation of analytical and trading processes.

They allow to perform prompt technical analysis of price data and manage trading activities on basis of signals received.

The entire routine work of technical analysis and trading can be given to experts. An expert can perform analytical and trading operations for any symbols or periods independent of whether the corresponding chart was opened or not.

 

 

 

To create and compile an expert, one has to use the built-in Meta Editor. It is a constituent of the client terminal and represents a convenient development environment of MQL4 programs.

To launch an expert, one has to impose it into the chart. As soon as a new tick income, the expert will start executing. An expert advisor is shut down after it has been removed from the chart.

In this article, we explore the 27 best brokers that support Expert Advisors, complemented by advanced trading conditions.

 

Here are our 10 Best Handpicked Expert Advisors Forex Trading Brokers.

 

 

Let’s get started with the full breakdown of the Best Expert Advisors Forex Trading Brokers:

 

ThinkMarkets

 

Overall Rating

4.8/5

Rated #62 of 
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

ASIC, FCA, FSCA, FSA-Seychelles, CySEC, JFSA 

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

46 FX Pairs

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

Derivative products are leveraged products and can result in losses that exceed initial deposits.

 

Overview

Established back in 2010, ThinkMarkets is an award-winning broker with headquarters in London and Melbourne.

ThinkMarkets are a multi-regulated broker with a customer support team available 24 hours throughout the trading week that are contactable by phone, live chat, or email for clients worldwide.

With a choice of three trading platforms, including their own award-winning proprietary trading platform, ThinkTrader, ThinkMarkets is a great option for both beginners and experienced traders.

 

Pros and Cons

✔️ PROS

Excellent customer support

Streamlined account opening process

❌ CONS

Not much in the way of educational resources for beginner traders, apart from the demo account

 

Features

Feature Information
Regulation ASIC
Minimum deposit from $250
Average spread from 1.2 pips
Commissions from $3.5 per side
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses $500 Sign Up Bonus
Customer Support 24/6

 

FBS

 

Over 16 000 000+ Traders

Overall Rating

4.7/5

Rated #71 of
Recommended FX Brokers

💰Minimum Deposit

USD 1

🌐 Regulators

IFSC, FSCA (south africa), ASIC, CySEC

📱 Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

📈 Total Pairs

250

☪️ Islamic Account

No

📊 Trading Fees

Low

Welcome bonus

$140 (Find out More)

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

FBS

 

Overview

FBS, or Financial Brokerage Services, is predominantly an Asian Forex broker that has its offices in China, Malaysia, the Philippines, Indonesia Jordan, Vietnam, and Russia.

FBS utilizes the MT4 and MT5 trading platforms for accessing the FX markets on both desktop and mobile devices.

The FBS trading platforms are connected to high-speed servers, and the company has tweaked the platform slightly to offer the best trading results.

The FBS mobile platforms are available as downloadable MT4 apps on the iTunes and Google Play stores, while traders can also use the MT4 Web Trader for browser-related trading requirements.

 

Pros and Cons

✔️ PROS

 

Low minimum deposit

Comprehensive educational and research tools

Well regulated, with investor compensation

 

❌ CONS

 

Wider than average spreads

 

Features

Feature Information
Regulation ASIC, FCA, DFSA
Minimum deposit from $1
Average spread from 0.0 pips
Commissions from  None
Deposit/Withdrawal Fees $1
Maximum Leverage 1:3000
Bonuses $100 Deposit Bonus
Customer Support 24/5

 

EasyMarkets

 

Overall Rating

4.9/5

Rated #18 of
Recommended FX Brokers

💰Minimum Deposit

$100

🌐 Regulators

CySEC, ASIC, BVI, FSA

📱 Trading Desk

MetaTrader 4, TradingView

Crypto

Yes

📈 Total Pairs

275+

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Easy Forex Trading Limited, previously traded as Easy-Forex before the Cyprus-based company started trading as easy Markets.

Trading includes fixed spreads, which means traders know what they will need to pay and no matter what takes place during any trade, the balance of clients’ accounts never drops below zero due to the negative balance protection offered by easy Markets.

 

Pros and Cons

✔️ PROS

 

The highly simulated demo environment

Responsive and professional customer support

 

❌ CONS

The Proprietary Deal Cancellation feature is not available on the MetaTrader 4 platform

 

Features

Feature Information
Regulation CySEC
Minimum deposit from $100
Average spread from 0.9 pips
Commissions from None
Deposit/Withdrawal Fees None
Maximum Leverage 1:400
Bonuses $25 Sign Up Bonus
Customer Support 24/5

 

Forex.com

 

Overall Rating

4.7/5

Rated #231 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FCA, CySec 

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

50

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

FOREX.com is a CFD and Forex broker, which was established in 2001. It is regulated by many regulators across the world and is considered safe for all types of traders.

GAIN Capital is the parent organization of FOREX.com and is listed on the New York Stock Exchange. It has a good track history and offers trade in currency pairs. It has lots of technical research tools and charges low forex fees.

 

Pros and Cons

✔️ PROS ❌ CONS
Low Forex fees Limited asset portfolio
High number of currency pairs

Well-regulated

High stock CFD fees

 

Features

Feature Information
Regulation FCA, CIMA
Minimum deposit from $50
Average spread from 1 pip
Commissions from Commissions on the commission account only
Deposit/Withdrawal Fees None
Maximum Leverage Variable dependent on instrument traded
Bonuses 20% Welcome Bonus
Customer Support 24/5

 

Swissquote

 

Best Australian Forex Broker Swissquote

Overall Rating

4.5/5

Rated #310 of 
Recommended FX Brokers

💰Minimum Deposit

USD 1000

🌐 Regulators

FCA

📱 Trading Desk

MetaTrader 4, MetaTrader 5

Crypto

Yes

📈 Total Pairs

10

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Swissquote was started back in 1996 and it is a publicly-traded company in Switzerland. The offering provides you with a great selection of a variety of different tradable asset classes. Swissquote is affiliated with the leading Swiss banks.

There are two different aspects to the company. There are the CFDs and forex offering that is based in the UK. Then there is the Swiss arm for futures, options, funds, and stock trading.

Swissquote is regulated by the likes of the Financial Conduct Authority (FCA) in the UK and the Swiss Financial Market Supervisory Authority (FINMA).

 

Pros and Cons

✔️ PROS ❌ CONS
Comprehensive product portfolio

Solid reputation

No additional forex fees

High trading fees

 

Features

Feature Information
Regulation FCA
Minimum deposit from None for a standard account
Average spread from 1.6 pips
Commissions from None
Deposit/Withdrawal Fees $10
Maximum Leverage 1:400
Bonuses Refer a Friend Bonus
Customer Support 8/5

 

Dukascopy

 

Overall Rating

4.6/5

Rated #17 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FINMA

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

18

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

With Dukascopy you can trade spot Forex, Metals, Binary Options, CFDs on bonds, commodities, indexes, stocks, ETFs, and cryptocurrencies through the same platforms.

All clients have equal possibilities to provide and consume liquidity within the trading environment (marketplace business model).

The educational section of Dukascopy offers a wide range of steaming fundamental and technical analysis, economic calendar, expert forecasts. There is also Dukascopy TV – an in-house TV channel with feedback from the investors, interviews, and the latest market updates.

 

Pros and Cons

✔️ PROS ❌ CONS
Good choice for high volume traders

Comprehensive analytical tools

Flexible trading on advanced platforms

Good selection of currency accounts

High commission

Charges withdrawal fees

High minimum deposit

Charges inactivity fee

 

Features

Feature Information
Regulation FINMA
Minimum deposit from $100
Average spread from 0.3 pips
Commissions from ‎$49.5 per $1 million traded
Deposit/Withdrawal Fees Varies depending on the method
Maximum Leverage 1:200
Bonuses 10% Equity Bonus
Customer Support 24/5

 

OvalX

 

Overall Rating

4.5/5

Rated #288 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

CSEC

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

79

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

OvalX is owned and managed by Monecor (London) Limited. In 2007, the group was acquired through a joint venture from the private equity investment firm JRG Group and the BXR Group.

OvalX is a reputable online trading brokerage with head offices in London. With decades of experience and a choice of trading platforms, the broker offers trading in Forex, CFDs, and Spread Betting.

 

Pros and Cons

✔️ PROS ❌ CONS
Award-winning customer support

Long operational history

Powerful analytical tools

Comprehensive educational offering

High trading fees

 

Features

Feature Information
Regulation FCA
Minimum deposit from GBP 200
Average spread from 0.5 pips
Commissions from None
Deposit/Withdrawal Fees None
Maximum Leverage 1:30
Bonuses None
Customer Support 24/5

 

HotForex

 

Overall Rating

4.8/5

Rated #6 out of 66
Recommended FX Brokers

💰Minimum Deposit

USD 5

🌐 Regulators

CySEC, FCA, FSA, DFSA, FSCA, CMA

📱 Trading Desk

MT4, MT5

Crypto

No

📈 Total Pairs

50+

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

The name behind HotForex is HF Markets (Europe) Ltd. This Cyprus-based investment firm is licensed and regulated by CySEC, and also operates within the guidelines laid out by the Markets in Financial Instruments Directive (MiFID) of the EU.

To date, it has received quite a long list of awards, including Best New Forex South Africa 2016, Best Forex News & Analysis Provider 2016, Best Customer Service 2015, and an award for Business Excellence in 2015.

Clients are given the choice of trading in Forex pairs, CFDs for commodities, stocks, binary options, and indices.

 

Pros and Cons

✔️ PROS ❌ CONS
Award-winning broker Offshore broker
Well regulated
Low minimum deposit

 

Features

Feature Information
Regulation CySEC, DFSA, FCA, FSA, FSCA
Minimum deposit from $5
Average spread from 0,0 pips
Commissions from USD 0.03 per 1K lot.
Deposit/Withdrawal Fees None
Maximum Leverage 1:1000
Bonuses 100% Supercharged Bonus
Customer Support 24/5

 

IG Group

 

Overall Rating

4.8/5

Rated #38 of 
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

FCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFF.

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

80

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Established in 1974 as IG Index, the company now has offices across 14 countries and boasts more than 170,000 clients worldwide.

IG is the world’s largest provider of CFDs and forex. The company’s size and reach are reflected in its parent company, IG Group, listing on the London Stock Exchange.

IG is a CFD and forex industry stalwart, with a famous claim of being the first company of its type. This history and experience just add to IG’s level of trust that clients can expect if they choose to open an account.

 

Pros and Cons

✔️ PROS ❌ CONS
No deposit or withdrawal fees

Low index CFD trading fees

Inactivity fee charges

High stock CFD fees

 

Features

Feature Information
Regulation FCA, FSCA
Minimum deposit from No minimum deposit
Average spread from Variable
Commissions from £3.00 – £8.00 per trade for all types of assets
Deposit/Withdrawal Fees None
Maximum Leverage 1:200
Bonuses None offered
Customer Support 24/6

 

FXCM

 

Overall Rating

4.6/5

Rated #26 of
Recommended FX Brokers

💰Minimum Deposit

USD 300

🌐 Regulators

FCA, FSCA

📱 Trading Desk

MetaTrader 4, Trading Station

Crypto

Yes

📈 Total Pairs

7

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Forex Capital Markets or FXCM is based in the United Kingdom and has been around since 1999. At the moment, FXCM is regulated by the FCA in the UK, FSCA in South Africa, and ASIC in Australia.

Traders enjoy enhanced execution and trade with rates provided by global banks, financial institutions, and other market makers, making low variable spreads possible.

 

Pros and Cons

✔️ PROS ❌ CONS
Excellent trading platforms Limited product portfolio in terms of asset classes
Low minimum deposit

High maximum leverage

 

Features

Feature Information
Regulation FCA, ASIC, ACPR, FSP
Minimum deposit from $50
Average spread from 1.3 pips
Commissions from £4 per standard round-turn lot (£2 per side)
Deposit/Withdrawal Fees None
Maximum Leverage 1:400
Bonuses $20 Welcome Bonus
Customer Support 24/5

 

FxPro

 

Overall Rating

4.7/5

Rated #202 of
Recommended FX Brokers

💰Minimum Deposit
USD 100 (recommended amount USD 1000)
🌐 Regulators

FCA, CySEC, FSCA, SCB

📱 Trading Desk

MT4

Crypto

Yes

📈 Total Pairs

70

☪️ Islamic Account

Yes

📊 Trading Fees

High

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

FxPro is a well-established broker in the forex and CFD trading industry with a main operating base in Cyprus where they are regulated by the widely respected CySEC regulatory body.

FxPro is one of the most reputed brokers in the industry, serving retail and institutional clients in more than 170 countries.

Established in 2006, FxPro, the subsidiary of FxPro Group Limited is a multi-regulated CFD broker offering high-speed order execution from four trading platforms covering six asset classes.

 

Pros and Cons

✔️ PROS ❌ CONS
Wide selection of market instruments
Client funds stored in segregated accounts

Low trading fees

 

Features

Feature Information
Regulation FCA, CySEC, FSCA
Minimum deposit from $500
Average spread from 1.7 pips
Commissions from $45 per million USD traded.
Deposit/Withdrawal Fees 1.6% for debit and credit card
Maximum Leverage 1:500
Bonuses None
Customer Support 24/5

 

Pepperstone

 

Overall Rating

4.9/5

Rated #10 of
Recommended FX Brokers

💰Minimum Deposit

USD 10

🌐 Regulators

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

📱 Trading Desk

MetaTrader 4, MetaTrader 5 and cTrader, TradingView

Crypto

Yes

📈 Total Pairs

1000+

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Pepperstone broker is based in Melbourne, Australia, and was founded in 2010. Pepperstone is a non-dealing desk broker, meaning that it does not pass on order flow to market makers.

Moreover, to target international customers, it has franchises that operate in the USA and China. Over the years, it has maintained its quality of services and has won several awards and titles.

 

Pros and Cons

✔️ PROS ❌ CONS
Low forex and equity index CFDs

No deposit fee

Negative balance protection

Only forex, CFDs, and cryptos are available

 

 

Features

Feature Information
Regulation FCA, ASIC
Minimum deposit from AUD200
Average spread from 0.4 pips
Commissions from ‎$3.76 commission per lot per trade
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses None
Customer Support 24/5

 

IC Markets

 

Overall Rating

4.7/5

Rated #37 of
Recommended FX Brokers

💰Minimum Deposit

USD 200

🌐 Regulators

ASIC, CySEC, FSA, SCB

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

65

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

IC Markets is an Australian-based ECN Forex broker founded in 2007. IC Markets is part of the International Capital Markets Pty. LTD.

IC MARKETS provides MetaTrader-4 for PC and MAC, cTrader, cAlgo, MetaTrader-5, MAM / PAMM platforms, MyFXBook AutoTrade, FIX API.  Mobile Traders are available for iPhone and Android. Automatic Trading, Scalping, Hedging, and Expert Advisors are all allowed.

 

Pros and Cons

✔️ PROS ❌ CONS
Low trading costs

Easy process to open an account

No deposit or withdrawal fees

Limited range of CFDs

 

Features

Feature Information
Regulation ASIC
Minimum deposit from $200
Average spread from 0.0 pips
Commissions from ‎None
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses None
Customer Support 24/7

 

City Index

 

Overall Rating

4.7/5

Rated #226 of
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

FCA, ASIC, MAS

📱 Trading Desk

Crypto

Yes

📈 Total Pairs

65

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

City Index currently offers clients the opportunity to trade in more than 12,000 markets, which include forex currency pairs, various commodities, indexes, and individual stocks.

In terms of size, parent company GAIN Capital’s trading-related businesses that include City Index average $501.2 billion in trading volume per month, have 140,000 retail clients situated in 180 countries and employ roughly 800 staff on four continents.

 

Pros and Cons

✔️ PROS ❌ CONS
Low trading fees

No fees for deposit and withdrawal

Comprehensive research tools

Limited product portfolio

 

Features

Feature Information
Regulation FCA, ASIC
Minimum deposit from $100
Average spread from 1.5 pips
Commissions from ‎$3
Deposit/Withdrawal Fees None
Maximum Leverage 1:200
Bonuses Deposit Bonus
Customer Support 24/6

 

InstaForex

 

Overall Rating

4.8/5

Rated #40 of
Recommended FX Brokers

💰Minimum Deposit

USD 1

🌐 Regulators

CySEC, FSC

📱 Trading Desk

MetaTrader 4

Crypto

Yes

📈 Total Pairs

4

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️Visit Broker

 

Overview

InstaForex offers its clients spot instruments, Gold, Silver, futures, Dow Jones Industrial Average, CFDs on indices S&P 500, NASDAQ Composite, FTSE 100, Nikkei 225, Hang Seng Index, Euronext 100, DAX 30, US Dollar Index, and other instruments.

 

Pros and Cons

✔️ PROS ❌ CONS
 Relatively high maximum leverage

No minimum deposit

Reputable regulation

 

Features

Feature Information
Regulation CySEC
Minimum deposit from No minimum deposit
Average spread from Average floating 0.8 pips
Commissions from ‎None
Deposit/Withdrawal Fees None
Maximum Leverage 1:1000
Bonuses 30% Deposit Bonus
Customer Support 24/5

Tickmill

 

Overall Rating

4.7/5

Rated #3 of 
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators

CySEC, FCA, FSA, FSCA, Labuan FSA

📱 Trading Desk

MT4, MT5

Crypto

Yes

📈 Total Pairs

62

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Overview

Tickmill.com is a provider of premium financial instruments and trading services featuring fast execution, low spreads, 100% transparency, no requotes, and the latest technology. Tickmill Ltd which has extensive experience in the industry owns and operates Tickmill.com.

 

Pros and Cons

✔️ PROS ❌ CONS
Competitive pricing

Well regulated

High leverage

Advanced trading software

STP model

 

Features

Feature Information
Regulation FSA
Minimum deposit from $100
Average spread from 0.1 pips
Commissions from ‎2 per side per 100,000 traded
Deposit/Withdrawal Fees None
Maximum Leverage 1:500
Bonuses $30 Welcome Bonus
Customer Support 24/5

 

OctaFX

 

Overall Rating

4.8/5

Rated #8 of
Recommended FX Brokers

💰Minimum Deposit

$5