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Best AI Forex Trading Apps in the UK 2024

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The financial scene in the UK is rapidly evolving, and one of the driving forces behind this change is the infusion of AI-powered forex trading apps. These groundbreaking applications are transforming forex trading, promising traders unmatched precision, rapid execution, and the potential for significant profits.

For those looking to streamline and automate their forex trading activities, this guide is crafted just for you. Here, we uncover some of the most powerful AI forex trading apps that are reshaping how trading is approached in the UK. Drawing insights from our own experiences and comprehensive evaluations, we aim to offer guidance that helps you navigate these innovative tools wisely.

  • The top AI forex trading apps in the UK excel in automation, efficiency, and emotion-free trading.
  • The best AI forex trading app in the UK should offer backtesting features for testing before making a final decision.
  • At InvestingGuide, our expert forex traders and researchers rigorously tested and approved our recommendations.
  • While testing an AI forex trading app is crucial, forex traders should also analyse user feedback from Trustpilot, Google Play, and App Store for informed decisions.
  • Ensure you compare various AI forex trading apps in the UK, considering factors including reputation, backtesting, costs, and more to identify the best.
  • The best UK-based forex trading apps should seamlessly integrate with legitimate brokers.

List of the Best AI Forex Trading Apps

  • FP Markets – Overall Best AI Forex Trading App in the UK
  • eToro – Best AI Forex Trading App For Beginners
  • XTB – Cheapest AI Forex Trading App in the UK
  • AvaTrade – Best AI Forex Trading App For Social Trading
  • Pepperstone – Best CFD AI Forex Trading App
  • Spreadex – Best AI Forex Trading App With a Micro Account
  • Saxo – Best AI Forex Trading App For Professional Traders
  • FxPro – Best AI Forex Trading App With Spread Betting Options
In This Guide

Compare the Best AI Apps for Forex Trading

To simplify your trading decisions, we’ve prepared an unbiased comparison table below, outlining other key features of our recommended AI forex trading apps in the UK. We aim to equip you with the insights needed to tailor your choices according to your specific AI forex trading requirements.

AI Forex Trading AppLicenceSupport ServiceSoftwarePaymentDemo Account
FP MarketsCySEC, ASIC, FCA24/7MT4, MT5, cTrader, IressCredit/debit cards, Bank transfer, PayPal, Neteller, Skrill, PayTrust FasaPayYes
eToroASIC, CySEC, FCA, FSAS24/5eToro investing platform, Multi-asset platform, Copy TraderCredit/debit cards, PayPal, Bank transfer, Neteller, Skrill, eToro Money, Online BankingYes
XTBFCA, KNF, CNMV24/5xStation 5, xStation MobileCredit/debit cards, Bank Transfer, SkrillYes
AvaTradeCBI, CySEC, ASIC, BVIFSC, FSA, SAFSCA, ADGM, ISA24/5MT4, MT5, WebTrader, AvaOptions, AvaSocialCredit/debit cards, Wire transfer, Paypal, Skrill, Neteller, WebMoneyYes
PepperstoneFCA, ASIC, DFSA24/7MetaTrader 4, MetaTrader 5, cTrader, TradingView, Capitalise.ai, Social TradingCredit cards, Bank transfer, PayPal, Neteller, Skrill, Union PayYes
SpreadexFCA24/5IPHONE App, IPAD App, ANDROID App, TradingViewBank Wire Transfer, Credit cardsNo
SaxoFSA, CIRO24/5SaxoTraderGO, SaxoTraderPROBank Wire Transfer, Debit cardsYes
FxProFCA, FSCA, SCB, FSCM, CySEC24/5MT4, MT5, cTraderCredit/debit cards, Wire transfers, Skrill, PayPal, NetellerYes

Summary of Fees and Assets Offered by Our Recommended AI Forex Trading Apps

Understanding the fee structures and the variety of available assets is crucial when evaluating AI forex trading apps in the UK. The tables below shed light on the fees linked with our recommended AI-powered forex trading apps and the diverse range of assets they offer. Feel free to compare them for the best choices.

Fees

AI Forex Trading AppFeesMinimum Deposit RequirementTransactionInactivity
FP MarketsFrom 0.0 pips£100FreeNone
eToro2 pips£50£5 withdrawal£10 monthly
XTBFrom 0.1 pips£0Free£10 monthly
AvaTrade0.03 pips£100Free£50 quarterly
PepperstoneFrom 0 pips£500FreeNone
SpreadexFrom 0.6 pips£0FreeNone
SaxoFrom £0.02 commission£2,00Free£100 monthly
FxProFrom 0.1 pips£100Free£15 one-off maintenance fee

Assets

AI Forex Trading AppForexStocksCommoditiesETFsOptions
FP MarketsYesYesYesYesNo
eToroYesYesYesYesNo
XTBYesYesYesYesYes
AvaTradeYesYesYesYesYes
PepperstoneYesYesYesYesNo
SpreadexYesYesYesYesYes
SaxoYesYesYesYesYes
FxProYesYesYesNoNo

Our Opinion & Overview of the Best AI Forex Trading Apps

As professional researchers and traders with years of experience, we embarked on a research process to identify the top AI forex trading apps in the UK for our readers. The procedures were exhaustive and time-consuming, yet the result proved immensely rewarding as we curated the absolute cream of the crop. Here are our opinions and overviews based on our hands-on experience for informed decisions.

1. FP Markets – Overall Best AI Forex Trading App in the UK

FP Markets is one of the AI forex trading apps with straightforward account opening procedures. We tested it and got started with a minimum deposit of £100 and zero transaction charges. AI trading is available on the app’s MT4 and MT5 platforms, where we explored autochartist and Autotrade features by Myfxbook. This made it easier for us to interact and automatically replicate potentially profitable positions from expert traders. Plus, the MT4 platform features algorithmic trading, whereby we use the available trading robots to automatically analyse currency quotes and execute trading strategies.

Besides the AI features, FP Markets charges low forex trading fees with spreads starting from 0.0 pips on major currency pairs. Users also have an opportunity to explore the DMA features that enable them to connect directly with liquidity providers. Other trading platforms supported by FP Markets include cTrader and Iress. With over 70 currency pairs and an additional 10,000+ CFD assets, FP Markets earns a 5-star rating from us.

FP Markets

✔10,000+ tradeable financial instruments
✔Free deposits and withdrawals

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7,195 User Reviews
google
0 User Reviews
apple
3 User Reviews
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Our Rating
Total Rating:
7,198 User Reviews
Pros & Cons
Fees
Trading Assets

Pros

  • Low minimum deposit
  • Multiple AI-powered trading platforms, including MT4 and MT5
  • Over 70 currency pairs to trade using AI features
  • Quality learning and research materials offered

Cons

  • No price plan
  • Only CFD assets supported

Before going any further, note that the FP Markets minimum deposit is £100. You can’t fund your account with anything less than the mandated amount. Also, as a trader, expect to cover stipulated FP Markets fees and commissions. Let’s expound on that.

FP Markets has different trading and non-trading fees. However, the costs you will likely incur depend on where you are from. Take London as an example. If you’re from this city, you’ll incur a 0.10% commission per side while trading equity CFDs. You’ll also have to pay a £60 monthly fee if you use Iress Trader or ViewPoint.

But here’s the good news. You won’t incur additional costs while depositing or withdrawing money from your FP Markets trading account. Moreover, unlike many other brokers, this service provider doesn’t have inactivity fees for dormant accounts.

Please visit FP Market’s official site for a comprehensive overview of all fees and commissions.

FP Markets has one of the largest selections of tradable products today. While exploring this platform, we discovered over 70 currency pairs and a whopping 10,000+ CFDs across ETFs, shares, metals, and more. Here’s a rundown of this broker’s product offerings:

  • Forex: As a forex trader, you can use FP Markets to access 70+ popular pairs, from BBP/USD and EUR/GBP to CAD/JPY and AUD/NZD. These are available 24/5 and have tight spreads starting from 0.0 pips. You can also choose a Standard or Raw account, depending on your preferences.
  • Shares: FP Markets offers thousands of international share CFDs. You can use your FP Markets account to trade CFDs on shares from many popular companies, from Adidas and Volkswagen to BMW and Porsche. You can also trade with MT5 or Iress and enjoy all associated perks.
  • Metals: If you are interested in metal CFDs, check out FP Markets. This platform allows users to trade CFDs on various precious metals, including gold, silver, and aluminium. It also offers spreads as low as 0.0 pips for instruments like XAG/USD. You can trade metal CFDs with MT4 or MT5 after joining FP Markets.
  • Commodities: FP Markets supports trading CFDs on popular commodities like crude oil, coffee, and natural gas. This broker also allows its clients to use MT4 and MT5 to enhance their commodity CFD trading experience.
  • Indices: After signing up with FP Markets, you can trade CFDs on indices such as AUS200, FRA40, and EURO50. The best part is you can harness the potential of two of the best third-party trading platforms today: MT4 and MT5.
  • Digital currencies: FP Markets embraces crypto enthusiasts and allows them to trade CFDs on diverse digital assets, including Bitcoin, Litecoin, and Ripple.
  • Bonds: With this broker, you can dive into various bond markets. They range from government and corporate bonds to mortgage-backed bonds and bond indices. You can trade any bond you fancy and enjoy significant returns.
  • ETFs: Suppose you’re interested in trading CFDs on ETFs. FP Markets has a broad range of products you can access today, from gold and currency ETFs to bond and commodity ETFs.

2. eToro – Best AI Forex Trading App For Beginners

We were highly impressed by eToro’s user-friendly automated trading app, available on both iOS and Android devices. Its intuitive interface streamlines trade executions and exits, enhancing the overall user experience. With over 51 currency pairs and an additional 3,000+ assets spanning stocks, indices, commodities, ETFs, and more, eToro caters to beginners with diverse investment opportunities. You can get started with as low as £50.

We like eToro’s copy trading platform, which we believe will enable easy replication of professional traders’ strategies. This automated function and customisable risk controls like stop-loss orders simplify trade management. Additionally, eToro hosts a wealth of educational resources, and its leverage limit goes up to 1:400 for professional forex traders in the UK. These and more earn eToro a 4.8-star rating.

eToro

✔5000+ financial instruments
✔Cost-free deposits

Visit site
{etoroCFDrisk}% of retail investor accounts lose money when trading CFDs with this provider.
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trustpilor logo
5 User Reviews
google
143,000 User Reviews
apple
9,500 User Reviews
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Our Rating
Total Rating:
152,505 User Reviews
Pros & Cons
Fees
Trading Assets

Pros

  • User-friendly and intuitive design for automated trading
  • Low minimum deposit requirement
  • Copy trading platform supported by social trading features
  • Abundance of learning materials

Cons

  • Withdrawal fees apply
  • Market analysis tools may be limited for professional traders

If there’s anything that can eat away at your profit margins, it’s unnecessary costs. Thankfully, eToro fees UK are reasonable and pocket-friendly. We acquired a new account without paying a single cent, which was quite a relief. We also noticed that you can enjoy free deposits by using USD. That said, eToro supports many other currencies, including GBP, EUR, and RMB.

You will incur conversion fees if you use any currency other than USD. And if you use any currency that eToro doesn’t support, you must pay conversion fees to your payment provider. The exact conversion fees you may incur at any moment will depend on various factors, including your preferred currency and payment method.

Please note that eToro subjects each withdrawal request to a £5 fee. The platform uses this money to pay expenses arising from international money transfers. Most importantly, you can’t withdraw less than £30 from the eToro trading platform.

While depositing money into our account, we noticed that eToro has strict minimum deposit requirements. Britons using this platform have to deposit at least £100 the first time. Afterwards, you can fund your account with as little as £10, depending on your preferred payment method.

Commission-wise, eToro is very friendly to people who trade ETFs or invest in real stocks since the broker charges 0% for these assets. On the other hand, if you buy or sell crypto on this platform, expect to pay a 1% fee. CFD trading also attracts variable spreads depending on the involved instruments. For instance, the spreads for currencies and commodities start from 1 pip and 2 pips, respectively.

Not to forget, eToro charges a £10 monthly inactivity fee that kicks in after 12 months of dormancy.

eToro has 5,000+ product offerings. Finding something that fits your trading goals won’t be a problem with this platform. And the best part is this broker allows you to trade and invest in different assets. Here’s an overview of the products we encounter while evaluating eToro:

  • Stocks: eToro supports 4900+ stocks. As an eToro account holder, you can trade or invest in stocks from popular companies like Apple, Alphabet, and Microsoft.
  • Cryptocurrencies: Over 100 digital currencies are available on the eToro trading platform. They range from BTC and LTC to ETH and SOL. You can trade CFDs on these currencies or buy the assets and hold them in your eToro crypto wallet.
  • ETFs: eToro allows traders and investors to diversify their portfolios with ETFs and CFDs on ETFs. In other words, this platform lets you either buy exchange-traded funds or trade these assets as CFDs without owning the underlying assets.
  • Indices: We found a rich selection of top indices on eToro, including USDOLLAR, SPX500, and NSDQ100. You can trade CFDs on such instruments and profit from rising or falling prices.
  • Commodities: If you love trading commodity CFDs, eToro won’t disappoint. This platform offers 30+ popular commodities, including Gold, Oil, Palladium, and Corn.
  • Currencies: Joining eToro gives you the opportunity to trade CFDs on different currency pairs, from GBP/USD and USD/JPY to GBP/CHF and EUR/CAD. You can also buy and sell FX pairs on this trading platform.

3. XTB – Cheapest AI Forex Trading App in the UK

We tested many forex trading apps in the UK, and XTB stood out as the best when it comes to affordable trading. For instance, the app doesn’t have a minimum deposit requirement, allowing any trader to get started with amounts they can afford. All trades are also commission-free, with low spreads from 0.1 pips on major currency pairs. The app lists over 48 currency pairs and an additional 5,300 CFD assets for portfolio diversification.

We were impressed by the XTB’s support service, which is available via phone, email, and live chat. Although the team is available five days a week, they are very responsive and offer relevant solutions to raised issues and challenges. On top of that, XTB offers a virtually funded demo account that makes it easier for you to learn its operations risk-free. Plus, you can take advantage of its quality learning tools to learn more about the forex market and improve your skills. From our experience, we give XTB a 4.8-star rating.

XTB

✔5,700+ financial instruments
✔No minimum deposit requirement

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1,342 User Reviews
google
65,300 User Reviews
apple
997 User Reviews
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Our Rating
Total Rating:
67,639 User Reviews
Pros & Cons
Fees
Trading Assets

Pros

  • A user-friendly and modern design forex trading platform
  • No minimum deposit requirement
  • Over 48 currency pairs to choose from
  • Commission-free forex trading

Cons

  • Only forex and CFD assets supported
  • Charges a £10 monthly inactivity fee after 12 months

XTB is a cost-effective trading platform. We used a live account to assess its fees and commissions. The first applaudable aspect we noticed is setting up an account with this broker is quick and easy. Furthermore, there’s no set XTB minimum deposit requirement, and the platform supports free transactions. When it comes to withdrawals, transactions above £50 are free.

That aside, we noticed various mandates on the XTB UK trading platform during our exploration. For starters, this entity has a £10 minimum order requirement for shares from companies like the Associated British Food PLC. Additionally, it requires users to cover a 0.5% conversion fee while trading with anything besides the base currency.

Not to forget, XTB charges different spreads for different instruments and requires traders who hold open positions to cover swap costs.

XTB users can access thousands of financial instruments, from 3,000+ shares to countless currency pairs. Most of these are CFDs, meaning you can speculate on their prices without owning the underlying assets.

Here’s an overview of what we found out while exploring the assets offered on this trading platform:

  • Stocks: XTB allows users to invest in real, commission-free shares from established companies like Amazon, Tesla, and Netflix. You can use one XTB account to access shares from over 16 major global exchanges. If you don’t plan on becoming a shareholder, you can trade stock CFDs on XTB and profit from speculation.
  • ETFs: This broker offers over 300 ETFs from around the globe. The best part is that it allows users to invest in real ETFs without being subjected to commissions. Investors can rake in monthly turnovers of up to £100,000 from buying and selling ETFs without worrying about additional fees undermining profitability. Additionally, the XTB trading platform allows users to trade ETF CFDs.
  • Forex: XTB gives users access to 48+ currency pairs, including GPB/USD, USD/CAD, and EUR/GBP. These instruments come with tight spreads starting from 0.1 pips for popular pairs. Moreover, this broker supports FX micro lot trading, making it ideal for beginners and low-budget forex traders.
  • Indices: With an XTB account, you can access indices from China, Germany, the US, and other regions. Standard options range from UK100 and US30 to FRA40 and EU50. You can also maximise profitability with flexible leverages of up to 20:1 and transparent rollovers.
  • Commodities: A wide variety of commodities is available on XTB, including gold, oil, and corn. You can trade CFDs on these instruments 24 hours a day from your PC, smartphone, or tablet.

4. AvaTrade – Best AI Forex Trading App For Social Trading

AvaTrade’s AvaTradeGO mobile app is not only one of the most highly rated on Google Play and the App Store, but it also impressed us when it comes to social trading. While testing it, we connected with other global forex traders via its AvaSocial platform and learned various trading ideas from other professional traders. Besides AvaSocial, AI trading is available on AvaTrade’s DupliTrade platform, whereby you can automatically duplicate expert traders’ positions and earn profits when they do. 

We also believe that AvaTradeGO is user-friendly and affordable as it has a low minimum deposit requirement of £100 with forex trading spreads from 0.03 pips. Moreover, the app has no transaction charges, meaning you will make deposits and withdrawals without incurring additional charges. For advanced forex traders, the app hosts the MT4 platform, which is known to be one of the best for forex trading. There are also the MT5 and AvaOptions platforms intended for those looking to diversify their portfolios. From our analysis, we give AvaTrade a 4.5-star rating.

AvaTrade

✔Free deposits and withdrawals
✔Beginner-friendly user interface

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2,549 User Reviews
google
10,200 User Reviews
apple
26 User Reviews
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Our Rating
Total Rating:
12,775 User Reviews
Pros & Cons
Fees
Trading Assets

Pros

  • Availability of MT4 and MT5 platforms, making it suitable for all traders
  • A user-friendly and intuitive design platform
  • Low forex trading fees with zero transaction costs
  • Highly rated social trading app on Google Play and the App Store

Cons

  • A high minimum deposit requirement of £2,000 to access the DupliTrade platform
  • Only CFD assets offered

Before going any further, note that there’s an AvaTrade minimum deposit requirement for UK traders. Fundamentally, this service provider requires Britons to fund their account with at least £100 while using supported payment methods like wire transfer, credit card, and e-payment. You should keep that in mind while funding your trading account.

That aside, while evaluating AvaTrade, we discovered that this broker has numerous fees and costs. For starters, it requires dormant account holders to pay a £50 inactivity fee. It kicks in after 3 successive months of dormancy, and the broker charges it after every 3 months.

Additionally, dormant AvaTrade accounts incur a £100 annual administration fee that takes effect after 12 months of inactivity. Not to forget, while trading with AvaTrade, you’ll have to cover an overnight premium whenever you keep a position open after the stipulated overnight funding time, which is 22:00 GMT.

Regarding spreads and commissions, AvaTrade is one of the most affordable brokers in the UK. With this platform, you will enjoy reasonable spreads starting from 0.13% while trading popular instruments like Tesla and Amazon shares are involved. AvaTrade doesn’t require traders to cover any commissions. The broker uses the Bid-Ask spread to compensate itself.

AvaTrade offers 1,250+ financial instruments. With this broker, you can trade everything from FX pairs to CFDs on stocks and indices. Here’s a detailed overview of all of the products offered by AvaTrade:

  • Forex pairs: AvaTrade allows users to trade over 60 currency pairs 24/5. Popular options range from GBP/USD and EUR/USD to EUR/GBP and USD/JPY. The platform also offers other minor and exotic pairs like GBP/NZD, USD/CLP, and GBP/SGD. Some of these instruments have tight spreads starting from 0.9 pips.
  • Cryptocurrencies: If you are a crypto enthusiast, you can use an AvaTrade account to trade CFDs on a wide variety of assets, including Bitcoin, Ethereum, and Stellar.
  • ETFs: AvaTrade supports CFD trading on popular ETFs like the MSCI EAFE Index Fund, the Energy Select Sector SPDR, and the iShares U.S. Aerospace & Defense ETF. All of the available ETFs have a 0.13% spread.
  • Stocks: Upon opening an AvaTrade account, you will get the opportunity to trade CFDs on stocks associated with respected companies like Google, Apple, and American Express.
  • Bonds: AvaTrade allows clients to trade CFDs on European, US, and Asian government bonds. Available products include EURO-BUND and JAPAN GOVT BOND.
  • Commodities: If you are interested in commodity trading, sign up for AvaTrade. You’ll have an uncapped opportunity to trade CFDs on hard commodities like gold and soft commodities like corn.
  • Indices: You can trade index CFDs on AvaTrade and avoid the hassle of analysing the performance of individual company stocks. The index-related products offered here range from the Cannabis Index to the US100 Index.

5. Pepperstone – Best CFD AI Forex Trading App

Pepperstone excels as the best CFD AI forex trading app for various reasons. First, the app hosts over 60 currency pairs to trade with spreads from 0.0 pips. You can also diversify your portfolio with its additional 1,200+ CFD assets across various markets, including shares, commodities, ETFs, and more. Its AI trading feature on the cTrader, MT4, and MT5 platforms. We utilised the MT4 platform’s Capitalise.ai tool, known for its code-free best AI for trading. As a result, we easily customised our activities while limiting the risks that come with manual trading.

Pepperstone also features social trading, which we took advantage of to connect with other global CFD traders. Through the app’s Myfxbook automated trading system, we were able to copy forex trades from successful trading systems, which saved us time and maximised your profit potential. Based on our experience, we rate Pepperstone with 4.5 stars.

Pepperstone

✔24/7 customer support
✔No inactivity fees

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2,831 User Reviews
google
4,490 User Reviews
apple
130 User Reviews
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Our Rating
Total Rating:
7,451 User Reviews
Pros & Cons
Fees
Trading Assets

Pros

  • Lists over 60 currency pairs
  • cTrader, MT4, and MT5 platforms for AI trading
  • Social and copy trading platforms
  • Low forex trading spreads starting from 0.0 pips

Cons

  • Limited CFD asset offerings compared to its peers
  • Low minimum deposit requirement

After evaluating Pepperstone, we opened a trading account for conducting extensive tests. The process was quick and easy.

But what impressed us most was the Pepperstone minimum deposit requirement. This platform has no minimum deposit, which makes it ideal for low-budget and high-budget traders. If you are a beginner, joining this broker is advisable since you can start with a low amount and increase your stakes with time. To top it off, Pepperstone supports free deposits and withdrawals. This broker allows you to use diverse payment methods for free, from Visa debit and credit cards to PayPal and domestic bank transfers.

When it comes to spreads and commissions, Pepperstone is very cost-friendly. You can open a Razor account with this broker and enjoy 20 commission-free trades. Pepperstone’s Standard accounts also have zero commissions. On the other hand, spreads start from as low as 0.0 pips for forex pairs like EUR/USD and 0.5 for commodities like XAUUSD.

Finally, unlike most of its peers, Pepperstone charges zero inactivity fees. However, any positions you hold overnight with this platform are subject to swap rates. Visit Pepperstone’s pricing page for a detailed account of how this broker calculated swap rates for different financial instruments.

The Pepperstone trading platform gives traders access to over 90 FX pairs and 1200+ CFDs on different assets, including shares, indices, and commodities. UK traders can access all the products that this broker offers. But, to minimize losses, prioritize trading assets you are familiar with. If there’s an alien instrument you’d like to try, learn its fundamentals before risking your money.

Here’s an overview of Pepperstone’s products:

  • Forex: You can trade diverse currency pairs with Pepperstone, including majors, minors, exotics, and crosses. This trading platform promises to fulfill all FX exchange trades fully, without requotes or partial executions.
  • Commodities: Pepperstone users can trade CFDs on popular commodities like crude oil, natural gas, silver, and gold. This broker doesn’t have rollovers or expiry for CFD commodities.
  • Indices: With a Pepperstone account, you can speculate on the price movements of indices like JPN225, UK100, and US500. This platform supports leverage trading, meaning you won’t need large sums to open sizable positions while trading CFDs on indices.
  • Currency indices: You can use the Pepperstone trading platform to trade popular currency indices like EURX, USDX, and JPYX. However, note that some of these instruments have high spreads.
  • Shares: If you want to trade shares CFDs, Pepperstone is the platform to choose. It offers CFDs on shares from different corners of the globe, from the UK to Germany and the US.
  • ETFs: Pepperstone supports over 100 ETFs. You can trade CFDs on these assets and profit from rising and falling prices. The ETFs available on this platform follow the performance of diverse sectors, from technology and energy to mining and bonds markets.

6. Spreadex – Best AI Forex Trading App With A Micro Account

Spreadex, a trusted name since 1999, holds a solid reputation in the UK financial realm. Our hands-on experience with their AI-powered forex trading app, particularly the micro account, revealed its suitability for beginners and risk-conscious traders. Offering 60+ currency pairs and a vast array of 10,000+ assets spanning shares, commodities, and indices, Spreadex ensures portfolio diversification.

What stands out is its absence of a minimum deposit requirement, lowering the entry barrier for new traders. The micro account, combined with competitive spreads and a user-friendly platform, empowers traders to delve into AI forex trading without hefty initial investments. Spreadex’s industry longevity and commitment to client satisfaction led us to award it a solid 4.3-star rating.

Spreadex

✔10,000+ financial instruments
✔Zero account inactivity fees

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113 User Reviews
google
100 User Reviews
apple
155 User Reviews
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Our Rating
Total Rating:
368 User Reviews
Pros & Cons
Fees
Trading Assets

Pros

  • Features social trading on its TradingView platform
  • Over 60 currency pairs to trade
  • Low spreads
  • No minimum deposit requirement

Cons

  • No Islamic or demo account
  • No negative balance protection for professional traders

We analyzed Spreadex’s fees and commissions since these elements can impact a trader’s profitability. The first impressive aspect that caught our attention is this broker’s £0 minimum deposit requirement. You can deposit any amount into your Spreadex account and start trading almost instantly. Furthermore, the broker charges zero account maintenance and inactivity fees.

What’s more, Spreadex has tight spreads and commissions. While trading with this broker, you can enjoy low spreads starting from 0.9 pips for GBP/USD, 0.001 pips for USD/INR, and 0.6 pips for EUR/USD. However, note that this broker charges overnight financing fees for positions held overnight.

Spreadex offers thousands of financial instruments to traders, ranging from 60+ FX pairs to over 10,000 CFDs. It also allows users to bet on spreads UK and earn returns. Here’s a breakdown of the assets we discovered while reviewing Spreadex:

  • Forex: Spreadex supports 24/5 trading on select forex markets. You can trade different pairs on this platform, from GBP/CAD and GBP/AUD to EUR/NZD and USD/CAD. You can also trade CFDs on many of the available forex markets.
  • Indices: With a Spreadex account, you can speculate on the prices of major stock indices, including UK 100, UK MID 250, and Hong Kong 50. You can also trade CFDs on the available stock indices.
  • Shares: This broker allows you to trade CFDs on popular stocks and bet on spreads on supported shares. All you have to do is use the incorporated search function to look for your preferred stock and any related information, including minimum stakes and spread widths.
  • Commodities: After signing up with Spreadex, you can trade CFDs on different commodities, including gold, cotton, and crude oil. You can also venture into commodity spread betting.
  • ETFs: Over 200 ETFs are available on Spreadex, including the Valkyrie Bitcoin Fund and the Invesco Galaxy Bitcoin ETF. You can use this platform for ETF CFD trading and spread betting.
  • Options: Spreadex supports options trading and spread betting. The platform offers numerous options, including UK 100, SPX 500, and US Tech 100.
  • Cryptocurrencies: As a Spreadex account holder, you can bet on the spreads of popular digital assets like Bitcoin, Ethereum, and Dogecoin. These have reasonable spreads starting from 0.1 pips.
  • Bonds and interest rates: Spreadex allows investors to speculate on the prices of bonds and interest rates. You can also bet on the spread of these instruments while interacting with this platform. The available products range from UK Long Gilt and German Schatz to French OAT and Japanese Government Bond.

7. Saxo – Best AI Forex Trading App For Professional Traders

We tested Saxo, and it stands out for its remarkably user-friendly platform and extensive options catering to professional traders. Noteworthy is its dedication to offering top-tier third-party research resources and expert portfolio management services. With access to over 185 currency pairs at low spreads, Saxo empowers professionals to diversify portfolios effectively, reducing the risks associated with singular asset investments.

Beyond forex, this app extends access to an impressive array of over 70,000 assets, spanning stocks, commodities, ETFs, and futures. AI forex trading is available on the professional account. However, the £2,000 minimum deposit may pose a challenge for budget-conscious traders, so ensure you confirm it aligns with your budget before committing. Our assessment warrants a respectable 4.1-star rating for this app.

Saxo

✔No minimum deposit requirement
✔Low commissions for all asset classes

trustpilor logo
325 User Reviews
google
7,350 User Reviews
apple
1,400 User Reviews
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Our Rating
Total Rating:
9,075 User Reviews
Pros & Cons
Fees
Trading Assets

Pros

  • Plenty of research resources
  • Numerous penny stocks to explore
  • A user-friendly and customisable trading platform
  • Low commission

Cons

  • High minimum deposit requirement
  • Does not support the MetaTrader platforms

Saxo is one of the brokers in the UK with transparent fee structures. While analysing its trading and no-trading charges, we noted that the broker has no hidden charges. This makes it easier for users to plan and budget for their activities without worrying about extra charges once fully invested.

Additionally, we find Saxo affordable since it charges low commissions, starting at $1 on US stocks, ETFs, and futures. For traders interested in options and government bonds, Saxo charges low fees, starting at $0.75 and $0.05%, respectively.

When it comes to Saxo’s minimum deposit requirement, the broker has none. This means that any trader, whether new or budget-conscious, can create a trading account with the broker and start exploring the financial space. However, expect to incur a currency conversion fee, especially when you trade using a different currency from your account’s base denomination. The good news is this fee doesn’t apply to marginal collateral and can never exceed +/- 0.25%.

Financing charges for positions left overnight are also applicable at Saxo. For investors, expect to incur annual custody fees if your account holds stock, bond, or ETF/ETC positions. The exact fee will vary depending on your account. Our analysis showed that you will pay up to 0.15% for the classic account, 0.12% for the platinum account, and 0.09% for VIP accounts.

Lastly, Saxo charges fees for additional services besides those mentioned above. For instance, it imposes a $50 fee for online report requests. Plus, transactions are free, and there is no inactivity fee should your account stay idle for some time.

Overall, you will explore more than 71,000 trading and investment securities. The instruments are divided into investment and leveraged products, so every trader can easily choose what suits their skill level. Some of the investment products include stocks, ETFs, bonds, mutual funds, and crypto ETFs. Moreover, there is the managed portfolio feature that allows traders to see Saxo’s professional services when navigating markets and managing their investments.

When it comes to leveraged products, Saxo offers options, futures, forex, forex options, crypto FX, CFDs, commodities, and Turbos. This wide array of securities allows traders and investors to easily diversify their portfolios. As a result, they get to mitigate the risks that come with investing in a single asset.

Note that trading carries risks, especially those involving leverage. Therefore, understand all the risks involved before engaging in this trading method. Plus, conduct thorough market research for solid strategies that will increase your chances of earning profits.

8. FxPro – Best AI Forex Trading App With Spread Betting Options

​​During our assessment, FxPro’s app delivered an exceptional user experience, offering low fees and competitive spreads, starting at an impressive 0.1 pips. The accessibility of the cTrader, MT4, and MT5 platforms further amplify its appeal, empowering traders with versatile tools and flexibility.

FxPro’s prowess in spread betting options truly shines, although its asset range might be narrower compared to some competitors. Nonetheless, its £100 minimum deposit requirement and remarkable market research tools make FxPro a commendable choice for traders seeking spread betting versatility in an AI forex trading app. Overall, we rate FxPro with 4.5 stars for its exceptional spread betting features, user-friendly platforms, and competitive trading environment.

FxPro

✔User-friendly platform
✔Low minimum deposit requirement for UK clients

trustpilor logo
526 User Reviews
google
2,560 User Reviews
apple
487 User Reviews
investingguide logo
Our Rating
Total Rating:
3,573 User Reviews
Pros & Cons
Fees
Trading Assets

Pros

  • FXPro offers diverse spread betting options, catering to versatile trading strategies
  • Competitive spreads starting at 0.1 pips
  • Accessible via cTrader, MT4, and MT5
  • Robust research tools

Cons

  • Focus on forex and CFDs
  • Possible limited market exposure

From our broker analysis and comparisons, we find FxPro to be one of the most affordable brokers for Ul clients. For starters, this broker has a free account opening procedure that takes minutes to complete. Moreover, it has a £1000 minimum deposit requirement, though you can deposit as little as £100. And when it comes to transaction costs, FxPro doesn’t impose any. We believe this makes it suitable for newbies who are sceptical about spending a lot of money and low-budget traders.

When it comes to trading charges, FxPro imposes low fees compared to other brokerage firms. For instance, forex trading attracts low fees, starting from 0.0 pips on major currency pairs. However, expect to incur additional costs for positions left overnight. There is also an inactivity fee of £10 monthly should your account remain dormant for over six months.

FxPro UK lists over 2,100 CFD instruments to trade. These include shares, forex, metals, indices, energy, and futures. While we like trading these assets, its offering is limited compared to most of its peers. Let’s break down these offerings so you can fully understand what to expect. 

  • Forex: Forex trading at FxPro gives you access to 70+ currency pairs, including major, minor, and exotic. You will enjoy fast trade execution with low spreads starting from 0.0 pips.
  • Shares: We also discovered thousands of shares to trade on this broker’s platform. These include popular options like Google, Meta, Apple, Barclays, Starbucks, and more.
  • Indices: Popular indices across Europe, America, and Asia are available to trade as CFDs. You can trade this asset on multiple platforms, including MT4, MT5, FxPro Edge, and cTrader.
  • Futures: For those who prefer trading futures, FxPro offers endless opportunities. Futures are a popular investment method that allows traders to speculate on the value of a range of commodities, indices, and energy.
  • Energy: You can also trade popular spot energy commodities like Natural Gas and Brent Oil. These are ideal instruments for short-term trading and portfolio diversification.
  • Metals: If you are passionate about metals like gold, palladium, platinum, silver, copper, and lead, FxPro is your one-stop platform. The best part is that you can explore them on a platform of your choice while incurring low charges.

How to Start Trading with AI Forex Trading App

Kickstarting your trading journey with AI-powered forex apps introduces a dynamic approach to the UK market. Here’s a step-by-step guide to kickstart your experience with these innovative tools.

Step 1: Understanding AI trading
Step 2: Selecting the right app
Step 3: Account setup
Step 4: Funding your account
Step 5: Practice with demo accounts
Step 6: Start live trading

Start by grasping how AI technology operates in forex trading. Explore its role in market analysis and trade execution using machine learning.

Research and pick an AI forex trading app that suits your investment objectives. Consider factors like user interface, available features, market support, and user feedback. We recommend above some top options to consider this year.

Download and install your chosen app from Google Play or the App Store. Sign up, provide necessary details, and prioritise app security measures.

Deposit funds into your trading account using available deposit methods supported on your forex trading app. Align your deposits with your initial investment plan.

Begin with a demo or practice account to trade with virtual funds. This helps you test strategies and familiarise yourself with the app without risking real money.

Transition to live trading when comfortable. Execute trades based on analysis, strategies, or AI-generated suggestions. Monitor your portfolio closely and adjust as needed for optimal results.

How to Choose the Right AI App for Forex Trading

As AI trading gains momentum in the UK, finding an ideal AI forex trading app can feel overwhelming amidst the diverse options. To aid your decision-making process, here’s a guide on selecting the perfect AI forex trading app tailored to your needs.

Security
Platform Performance
Trading and Non-Trading Costs
Asset Availability
Research and Educational Tools
User Recommendations

Begin by ensuring that both the AI forex trading app and the associated broker are regulated by the Financial Conduct Authority (FCA). Regulatory compliance offers a vital layer of assurance, safeguarding your investments and ensuring adherence to industry standards. Furthermore, prioritise apps that employ robust encryption and secure passcode systems to prevent unauthorised access.

A platform’s performance directly influences your trading experience. Seek an app that provides swift and dependable trade execution, minimal downtime, and real-time access to market data. A lagging or sluggish platform can lead to missed opportunities and potential losses.

Evaluate the cost of using an AI forex trading app in relation to the value it delivers. Some apps may charge a one-time fee, offer subscription plans, or provide free basic versions with limited features. Assess whether the app’s features justify the cost and whether its pricing model aligns with your budget.

Consider the range of assets available for trading on an AI forex trading app’s platform. Besides forex, ensure the app offers access to additional securities, including stocks, commodities, cryptocurrencies, indices, and more. A wide array of assets allows you to diversify your portfolio and explore various trading opportunities.

Look for an AI forex trading app that offers a comprehensive suite of research and educational tools. Access to market analysis, economic calendars, and educational resources can significantly enhance your trading knowledge and decision-making capabilities. You should also consider an app with a demo account for testing it before spending real money. Note that a well-informed trader is better equipped to harness the full potential of AI trading.

Conduct thorough research by reading user reviews on platforms like Google Play, the App Store, and Trustpilot. User feedback provides valuable insights into an AI trading app’s performance, reliability, and overall user experience. Positive reviews indicate strengths, while negative feedback can alert you to potential issues.

What is an AI Forex Trading App?

What is an AI Forex Trading App?

An AI forex trading app represents the fusion of cutting-edge technology, particularly Artificial Intelligence (AI), tailored to automate trading activities within the foreign exchange market. These applications harness AI algorithms and machine learning to analyse market trends, execute trades, and oversee portfolios. By tapping into vast datasets and real-time market information, they facilitate data-driven decision-making, assisting traders in identifying profitable opportunities and executing trades swiftly.

The best element about AI forex trading apps is their capacity for autonomous operation, devoid of the emotional biases that often affect human traders, enabling precise, rapid, and unemotional trading activities. These apps are crafted to adapt and learn from market patterns and historical data, continually refining their trading strategies. With features like backtesting, risk management tools, and customisable trading parameters, the apps empower traders to refine strategies, test their effectiveness, and manage risks more efficiently.

Discover more in our article on the top-rated AI stock trading apps in the UK.

What’s the Best AI Forex Trading App for Beginners?

What’s the Best AI Forex Trading App for Beginners?

When starting your journey into AI-powered forex trading as a beginner, prioritise simplicity and educational support in your app selection. Look for platforms that offer a user-friendly interface alongside educational resources tailored for newcomers. You should also seek apps that provide intuitive onboarding, including access to demo accounts for risk-free practice trades. To easily understand trading strategies and conduct market analysis, opt for apps recognised for their educational materials, such as tutorials, webinars, guides, and more.

For instance, start AI forex trading with user-friendly apps like eToro, lauded for its social trading features. Take your time exploring various apps, evaluating their educational content, ease of use, and beginner-friendly support features for the best choices. The best AI forex trading app for beginners prioritises simplicity, education, and user guidance, ensuring a seamless and well-informed initiation into the world of trading. And as you grow in experience, gradually delve into more advanced features and strategies these apps offer.

Conclusion

The evolution of the best AI forex trading apps in the UK has significantly reshaped trading strategies. These apps have revolutionised currency exchange practices through sophisticated algorithms and machine learning. By automating trade executions and conducting precise market analysis, they furnish traders with indispensable insights. As a forex trader, embracing these AI-powered tools empowers you to stay ahead in the ever-evolving market landscape. As a result, you get to make informed decisions and experience a competitive edge in your trading endeavors.

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Thadeus Geodfrey

Thadeus Geodfrey and finance are inseparable. He is a versatile expert with a strong cryptocurrency and market analysis background. Thadeus provides a unique blend of technical and strategic insights as a seasoned financial writer. His overarching probe and attention to detail inspire the InvestingGuide community. He guides you through the continuously evolving market landscape to build solid investments or make successful trades.

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