The other important factor is the trading strategy itself.
And for this, it is important for the broker you used to have Micro or Cent accounts as the money that you could deposit in your account is a limited amount. If you use a portfolio of advisors, you need to trade with many small deals. This large number of trades makes the cost of trading a very important factor.
Trading with advisors (trading robots) requires hundreds or even thousands of deals. Probably the most important requirement for Algo traders with Expert Advisors is that the broker has MetaTrader (MetaTrader 4 or MetaTrader 5) platform. We did not include brokers that require several thousand dollars to open an account and tested only the brokers that meet the needs of a regular trader. We have done some research for the best forex broker, where you can easily open an account and trade with Expert Advisors. There are cases when the broker not only determines how much a strategy will earn, but also can turn wining strategies into loosing. That research in some cases is much more important from the strategy itself. The Best Brokers For Automated Forex TradingĪfter you create your own strategy, the next important challenge for you is to find the right broker.
