Reputable-Forex-Trading-Platforms-With-Automated-Trading-Features-–-Best-Robot-Trading-Forex-Account
                     Best Robot
Trading
Forex
Accounts for 
Beginners
Have you ever wondered whether it's possible to navigate the Forex market without 
staring at a screen 24/7? Automated trading offers a compelling solution
—    executing trades using specialized software both day and night.
This approach is interesting because it eliminates emotional decision-making in trading 
and can potentially take advantage of market movements autonomously
—    movements you might have missed. Statistics show that a significant portion of 
trades is already executed algorithmically, and this trend will only continue to grow.
In this article, we’ll introduce you to the most reputable brokers that offer reliable 
automated trading features.
Let’s explore the world of Forex robots!
Automated Trading on Forex: What Is It and How Does It 
Work?
The use of computer programs to automatically open and close trading 
positions on your behalf is what automated trading is all about. In other 
words, it’s not the trader manually analyzing the market and pressing “buy” 
or “sell,” but software that operates based on a pre-defined set of rules, 
algorithms, and strategies.
Such programs are often referred to as trading robots, bots, or Expert 
Advisors (EA) — in the context of popular platforms like MetaTrader 4 
(MT4) and MetaTrader 5 (MT5).
Since we’re already discussing automated trading, it’s worth separately 
highlighting its advantages. After all, when you invest and entrust your funds 
to a machine, you need to understand what it can offer. So, among the 
benefits are:
1.    Speed. Robots react to market changes and execute trades much 
faster than a human can (although they still depend on the broker’s 
and platform’s performance).
2.    Predictability. Strict adherence to strategy rules and decision-
making free from emotions, ambition, greed, or fear of loss — all 
of which are typical for bots — help reduce losses.
3.    24/7 Availability. Humans need to eat, sleep, and take breaks, 
while bots can trade non-stop around the clock at full capacity.
Another key advantage of automated trading is the ability to thoroughly test a strategy 
on historical data using a demo account (meaning without financial loss). This process 
is also known as backtesting. Here’s how it works:
•    you run the trading robot’s rules against past market conditions (e.g., from 
the past year);
•    you observe how it would have performed during that period;
•    you evaluate the potential profitability of the strategy, its maximum 
drawdowns, etc.
Of course, past results don’t guarantee future performance, but when it comes to 
identifying a strategy’s weak points and optimizing it, backtesting is extremely 
effective.
Overview of Reliable Platforms for Automated Trading
A trading robot operates by algorithm, which means the speed of order execution and 
the stability of the platform (especially during peak activity and news releases) have a 
much greater impact on performance than in manual trading. In this case, you need a 
technological partner whose conditions and infrastructure are optimized for the needs 
of automated systems.
Therefore, choosing the right broker is crucial for successful trading. Among those 
offering automation solutions, the following platforms deserve special attention:
1. Weltrade.
2. Deriv.
3. Oanda.
4. Exness.
5. XM.
6. IQ Option.
7. Olymp Trade
8. CM Trading.
9. Plus500.
So how do you choose the best one if each differs in features, bots, and asset offerings? 
We’ll analyze their pros and cons further on.
Weltrade Automated Trading
Among the best platforms that support automated trading, Weltrade is worth 
mentioning. Traders have access to MT4/MT5 and a wide range of EAs. And the 
broker’s advantages do not stop there, as it also:
•    offers its own VPS service, which is free under certain conditions;
•    guarantees ultra-fast order execution;
•    integrates with the copy trading platform ZuluTrade (as an additional 
automation option);
•    has a strong educational base with its own library and expert livestreams;
•    allows users to master both automated and manual trading without financial 
losses, i.e., in demo mode.
Like many brokers focusing on MetaTrader platforms, Weltrade currently does not 
have its own visual bot builder. However, for most traders engaged in automated 
trading, this is not a significant drawback, as MT4/MT5 provide tools for testing and 
the ability to order custom bot development. Try it with a free demo account.
Deriv Automated Trading
Deriv stands out with its unique approach to automation, which attracts many traders 
— especially beginners with no programming experience.
Instead of standard MT4/MT5 EAs (although MT5 is also supported), the main tool is 
the flagship product - the proprietary Deriv trading bot, also known as DBot. It allows 
users to:
•    create trading algorithms by dragging and connecting logic blocks (drag-
and-drop);
•    use pre-built strategies for a quick start;
•    trade synthetic indices 24/7.
However, the DBot visual builder is less flexible for implementing very complex 
strategies compared to full EA coding. Additionally, synthetic indices are a specific 
Deriv product and may not be suitable for strategies focused on traditional market 
instruments.
Oanda Automated Trading
Oanda is a recognized industry veteran with a strong reputation and reliability. The 
platform's solutions are especially appreciated by technically savvy traders.
The broker provides access to the MT4 platform, which allows the use of standard EAs 
for automated trading.
However, Oanda’s main advantage for developers is the provision of powerful and 
well-documented APIs (in particular, REST API). This allows programmers to:
•    create their own fully customized trading applications;
•    integrate a complex Oanda trading bot directly with Oanda's trading 
infrastructure.
At the same time, the lack of MT5 support in some markets and the need for 
programming knowledge to use the API are seen as drawbacks. Also, Oanda does not 
offer a visual bot builder for beginners, and some traders consider the platform 
interface somewhat outdated.
Exness Automated Trading
Exness is one of the leading brokers for automated trading, based on the popular 
MT4/MT5 platforms. The broker provides full support for both platforms, offering 
access to thousands of EAs.
A key advantage of Exness for automated systems is its infrastructure, which is 
optimized for high-speed and reliable order execution — crucial for many algorithmic 
strategies. Other significant benefits include:
•    free and reliable VPS hosting for clients, ensuring 24/7 operation of the 
Exness trading bot;
•    stable spreads, including accounts with zero spread options, which further 
increase the efficiency of automated trading with Exness;
•    a wide selection of EAs.
On the downside, the platform does not offer its own visual bot builder like DBot in 
Deriv. Therefore, beginners will need to learn how to install and manage EAs on the 
MetaTrader platforms, and trading success will depend on the quality of the chosen 
third-party robot.
XM Automated Trading
XM is an international broker with strong regulation and reputation, providing a 
reliable environment for automated trading through the MT4/MT5 platforms. This 
gives traders access to a large selection of XM trading robots.
XM invests in its technological infrastructure, which allows it to:
ensure stable platform performance;
•    claim high-quality order execution without requotes (a key benefit for 
algorithmic trading);
•    offer VPS service, often free for eligible clients (just like Exness);
•    enable 24/7 operation of the XM trading robot without interruptions.
An additional advantage is the availability of educational materials.
However, like many MT4/MT5 brokers, XM does not have its own unique visual bot 
builder and relies entirely on the MetaTrader ecosystem. As a result, traders are 
required to have special skills to operate the platform and install EAs.
IQ Option Automated Trading
IQ Option is primarily known for trading binary and digital options. Although Forex is 
also available, the possibilities for standard automated trading using EAs (as with 
MT4/MT5) are practically nonexistent.
Among the advantages are:
•    trading takes place on IQ Option’s own platform;
•    analytical tools are fairly robust;
•    low entry threshold.
There have been attempts to create an IQ Option auto trading robot but their official 
support and legitimacy are now highly questionable. That’s why searching for a 
trading robot for IQ Option often leads to unofficial and potentially risky third-party 
services.
Therefore, despite the platform’s convenience for its core product, it is not suitable for 
serious Forex trading automation — especially due to incompatibility with standard 
EAs and the high risks of using unofficial IQ Option trading bots.
Olymp Trade Automated Trading
Similar to IQ Option, Olymp Trade uses its own trading platform with a simple 
interface, focused on Fixed Time Trades, although Forex is also available. Unlike 
brokers working with MetaTrader, the Olymp Trade platform does not support 
standard EAs.
However, for trading automation, users may find third-party solutions, such as 
browser extensions (for example, those available in the Chrome Web Store), which are 
positioned as Olymp Trade auto robots. The advantage of such tools is that they 
provide a certain level of automation for users who prefer the Olymp
Trade platform and do not have access to standard EAs. Typically, such an Olymp 
Trade robot tries to automate actions directly within the web platform’s interface.
CMTrading Automated Trading
This platform provides access to automated trading through the use of MT4. This is an 
advantage, as traders can use any CM trading robot that is compatible with and 
developed for MT4. Moreover, the platform offers users:
•    access to the MQL market and other resources for finding EAs (if a specific 
CM trading free robot is not available);
•    copy trading features as an alternative form of automation.
On the other hand, the broker does not provide its own unique automation tools, like 
those in Deriv. The trading performance depends on the chosen EA, and basic skills in 
working with MT4 are required for its installation and setup.
Plus500 Automated Trading
Plus500 is a well-known broker with its own trading platform, which is valued for:
•    ease of use, especially for manual trading enthusiasts;
•    optimization for trading via smartphone or tablet;
•    a wide range of trading assets available as CFDs.
However, when it comes to automated trading, users face significant limitations. Why 
is that? First of all, the use of EAs, which are the standard for MT4/MT5, is not 
supported. There is also no public API for developing and integrating custom systems, 
or a reliable Plus500 trading robot.
Therefore, traders trying to find a way to implement a Plus500 automated trading robot 
usually end up with third-party tools. While these promise automation on the platform, 
they are considered risky since they are not officially supported by the broker.
Which Option Will Be Best for Me?
As you can see, choosing a platform for automated trading depends on a number of 
factors, including the trader’s needs and experience.
As we have seen, different brokers offer different paths to automation:
•    standard MT4/MT5 platforms (Exness, XM, Weltrade);
•    powerful APIs (Oanda);
•    unique visual builders (Deriv).
Whereas some platforms — IQ Option, Olymp Trade, Plus500 — have significant 
limitations for standard automation.
Among the reviewed options, Weltrade stands out for its versatility and reliability, 
thanks to the availability of a demo account.
FAQs
What types of automated trading exist?
The first is copy trading, where the platform automatically duplicates the trades that 
others open and close. The second type is the use of trading bots (such as EAs or 
Drivebot), which analyze the market and execute trades based on algorithms set by 
you.
Can beginners use Forex robots?
Of course. It is even a better and easier option for entering the industry if the trader 
uses a platform with a user-friendly interface or ready-made EAs on MT4/MT5.
Is it possible to consider automated trading without programming 
skills?
Platforms like Deriv offer visual constructors of trading algorithms that do not require 
coding. If there is no such feature, the user can purchase or find free readymade EAs. 
Special skills are only needed if the trader is interested in developing a bot from 
scratch.
Is a demo account necessary for automated trading?
Not necessarily. However, demo mode allows you to test a trading or Drive bot 
strategy without the risk of losing funds. For example, the Weltrade broker provides 
such an opportunity.
What should be considered to avoid choosing the wrong platform?
We recommend choosing among reputable brokers (like those we analyzed above). 
Also, pay attention to costs (bot, VPS, commissions), ease of use, and the availability 
of a demo account.
Conclusion
The reliability of the platform directly affects a successful start in automated trading. 
Before investing real money, test your chosen strategy and platform on a demo account. 
This is very easy to do by choosing Weltrade. Here you get free access to MT4/MT5, 
the ability to test any EAs, and access to dozens of instruments with a minimum deposit 
of only $25!
Don’t waste time — weigh all the pros and cons and take a step toward 
automating your trading!
Try Weltrade