Arrow-to-top

Best Automated Trading Platforms in the UK 2024

Thadeus Geodfrey, an experienced writer and self-taught trader, is not just about market analysis. His skill in identifying fraudulent brokers and ensuring traders’ safety offers security. Join Thadeus and feel protected in your trading endeavours.

checked icon Fact checked
Advertising Disclosure

We may receive compensation from our partners for placement of their products or services, which helps to maintain our site. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn’t influence our assessment of those products.

Automated platforms revolutionised online trading. Today, you can use advanced algorithms and automation solutions to minimise the need to open and close trades manually. Moreover, courtesy of automated systems, you can trade 24/7, avoid the risks of emotional decision-making, and dedicate more time to improving other facets of your life.

To reap maximum boons from auto trading, you need to interact with the best automated trading platform in the UK. Finding an ideal platform can be difficult when you have to evaluate all available service providers. Fortunately, that is unnecessary. We’ve vetted the automated trading platforms in the UK and picked 5 of the best. Read through our guide and choose the most fitting platform.

Automated platforms revolutionised online trading. Today, you can use advanced algorithms and automation solutions to minimise the need to open and close trades manually. Moreover, courtesy of automated systems, you can trade 24/7, avoid the risks of emotional decision-making, and dedicate more time to improving other facets of your life.

To reap maximum boons from auto trading, you need to interact with the best automated trading platform in the UK. Finding an ideal platform can be difficult when you have to evaluate all available service providers. Fortunately, that is unnecessary. We’ve vetted the automated trading platforms in the UK and picked 5 of the best. Read through our guide and choose the most fitting platform. 

List of the Best Automated Trading Platforms

  • Pepperstone – Best Automated Trading System for Advanced Traders
  • FxPro – Overall Best Automated Trading Platform UK
  • eToro – Best Platform for Automated Copy Trading in the UK
  • AvaTrade – Best Automated Trading Platform for Beginners in the UK
  • FP Markets – Best Automated Trading Platform for Forex Traders in the UK
In This Guide

UK Auto Trading Platforms: Comparison Table

A reasonable number of brokers offer auto trading features in the UK. That said, at InvestingGuide, we are committed to helping you find the best automated trading platform, one that suits your needs and aligns with your trading goals.

Our experts analysed the service providers operating in this region and compared them based on numerous factors, which we’ll explore in a minute. We also went through each company’s ratings and reviews on Google Play, the App Store, and Trustpilot. It wasn’t easy, but we were glad to do it, knowing we are helping you find an outstanding service provider.

Let’s explore the first factors we considered while assessing and comparing the auto trading platforms in the UK.

Best Automated Trading PlatformLicenсe & RegulationSupport ServiceSoftwarePayment MethodDemo Account
PepperstoneFCA, MAS, ASIC, FSCA, DFSA, CySEC, CMA, SCB, BaFin24/7TradingView, MT4, MT5, cTrader, Pepperstone Trading Platform, Social tradingVisa, Mastercard, Bank transfer, Neteller, Skrill, PayPalYes
FxProFCA, FMA, CySEC, FSCA, SCB 24/5FxPro Mobile App, MT4, MT5, cTrader, FxPro WebTraderCredit/debit cards, Bank wire transfers, Neteller, Skrill, PayPalYes
eToroFCA, MAS, CySEC, FSCA, ASIC, SFSA ADGM, MFSA, FSAS, GFSC, SEC24/5eToro investing platform and app, Multi-asset platform, Social Trading, Copy Trader, Smart PortfoliosCredit/debit cards, Bank transfer, Klarna, PayPal, Skrill, Neteller Yes
AvaTradeFCA, MAS, FSCA, CBI, CySEC, PFSA, ASIC, B.V.I FSC, FSA, ADGM, ISA24/5WebTrader, AvaOptions, AvaTrade App, Mac Trading, MT4, MT5, Automated TradingCredit/debit cards, Neteller, Skrill, Wire transfer, WebMoneyYes
FP MarketsFCA, MAS, FSCA, ASIC, CMA, CySEC, FSA24/7MT4, MT5, TradingView, cTrader, WebTrader, Mobile App, Copy TradingCredit/debit cards, Neteller, Skrill, Bank transfer, Google Pay, Apple Pay Yes

Platforms Short Overview

Our team also checked every service provider’s fees and assets. We never ignore these factors because they can affect your profitability and overall trading experience. High charges eat into your profits and trading capital. Conversely, only a platform with your preferred financial assets is guaranteed to serve you well and fuel your journey to success.

The following tables outline our top automated trading platforms’ fees and assets.

Fees

Best Automated Trading PlatformMinimum Deposit RequirementCommission/ SpreadsDeposits/ WithdrawalsInactivity Fee
Pepperstone£0From 0.0 pipsFree£0
FxPro£100From £3.50 per lotFree£10 monthly
eToro£100From 0%£5 withdrawal fee£10 monthly
AvaTrade£100From 0.13 pipsFree£50 after every 3 consecutive months of inactivity
FP Markets£100From 0.0 pipsFree£0

Assets

Best Automated Trading PlatformStocksForexCryptoCommoditiesIndicesETFsOptions
PepperstoneYesYesYesYesYesYesNo
FxProYesYesYesYesYesYesNo
eToroYesYesYesYesYesYesYes
AvaTradeYesYesYesYesYesYesYes
FP MarketsYesYesYesYesYesYesYes

Our Expert’s Opinion about the Best Automated Trading Platforms

Our team thoroughly researched and evaluated the automated trading platforms reviewed here. We covered the whole nine yards, from testing these service providers with demo and live accounts to reading hundreds of customer testimonials and concerns. These entities deserve to be ranked as the best auto trading platforms in the UK based on merit and performance.

Before reviewing the best automated trading platforms in the UK, allow us to point this out. At InvestingGuide, we value honesty and transparency. We never favour any service providers. Everything our team reports is factual and unbiased. If we encounter any pros or drawbacks, rest assured we’ll report them without any gloss over anything.

Let’s explore what we discovered while evaluating and vetting the best automated trading platforms.

1. Pepperstone – Best Automated Trading Platform for Advanced Traders

Pepperstone is the best automated trading platform for advanced traders. As a Pepperstone user, you can buy an EA or code your own algorithms – whatever you need to profit from as many market opportunities as possible. We also encourage you to choose this service provider because it allows traders to backtest strategies with a Trading Simulator, which is included in the broker’s Smart Trader Tools package.  

Furthermore, Pepperstone has most of the trading systems that advanced traders prefer, including cTrader, MetaTrader 4, and MetaTrader 5. These allow users to trade a wide variety of products seamlessly, from forex and currency indices to commodities, ETFs, and indices.

Not to forget, Pepperstone gives its users the opportunity to maximize returns with tight spreads starting from 0.0 pips on popular FX pairs like GBP/USD, AUD/USD, and USD/JPY. What’s more, the platform has zero minimum deposit requirements and free deposits and withdrawals.

Pepperstone

✔24/7 customer support
✔No inactivity fees

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

Pros

  • Users can buy or create EAs
  • No minimum deposit requirement
  • Free deposits and withdrawals
  • Tight spreads from 0.0 pips for Razor account holders
  • No inactivity fee for dormant accounts
  • It also supports spread betting

Cons

  • Standard account holders are exposed to higher spreads
  • Limited educational resources for beginners

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.

2. FxPro – Overall Best Automated Trading Platform in the UK

With over 7.8 million clients, FxPro is our overall best trading platform UK. It offers algo trading powered by advanced trading robots and Expert Advisors that automatically open positions based on predetermined unique parameters and conditions. With FxPro’s bots and EAs, you can trade seamlessly without having to spend valuable time constantly monitoring market changes or keeping a close eye on signals while waiting for the perfect opportunity to close or open positions in real time.

We love FxPro because it is a reputable and highly recognised service provider. The company has received over 110 awards, including an International Finance Magazine Award for the Best Automated Platform. Moreover, the trading platform is licensed and regulated by numerous authorities besides the FCA, including CySEC, SCB, and the FSCA. That means it’s secure, fair, and transparent.

FxPro allows traders to leverage algorithmic trading through the available platforms, which include MetaTrader 4, MetaTrader 5, and cTrader. Traders can enjoy different boons while using the hosted trading solutions. For instance, cTrader users can develop their own cBots using the universal C# coding language. On the other hand, traders who opt for MetaTrader 4 can use MetaEditor and the popular MQL4 coding language to develop, test, and deploy custom EAs. Furthermore, MT4 has over 1,700 trading bots that FxPro customers can buy or rent.

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

  • Users can enjoy automated trading via cTrader, MT4, and MT5
  • Comprehensive EA trading guides are available
  • Over 2,100 financial instruments offered, including forex, shares, and indices
  • Traders can run MT4 EAs and cAlgo bots 24 hours a day with a free FxPro VPS
  • Knowledgeable support technicians and rapid issue resolution

Cons

  • £10 monthly inactivity fee
  • Higher spreads than most of its peers

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.

3. eToro – Best Platform for Automated Copy Trading in the UK

eToro is an infamous broker founded in 2007 in Tel Aviv-Yafo, Israel. The company boasts over 30 million users and a vibrant community of millions of investors and traders. You can join this community and use its power to take your trading and investing career to the next level. Moreover, you can copy the most successful individuals in the eToro community.

The best thing about copy trading with eToro is this feature is automated. You just have to pick one of the top-performing traders on the platform. After doing that, your account will automatically mirror their trades in real time. That means your account will follow the moves of the traders you pick and initiate buy or sell actions without any manual intervention.

Automated copy trading aside, we highly recommend eToro because the broker offers a broad range of products. The first category contains CFDs on stocks, currencies, indices, commodities, etc. eToro users can also buy, sell, hold, and trade over 100 popular crypto assets, from Bitcoin and Ethereum to Solana and Shiba. Lastly, this platform offers real stocks and ETFs to investors.

eToro

✔5000+ financial instruments
✔Cost-free deposits

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

Pros

  • Intuitive, user-friendly interface
  • Wonderful customer support service
  • A vibrant community for social trading
  • Supports automated copy trading
  • 5,000+ financial instruments are available

Cons

  • £10 monthly account inactivity fee
  • £5 withdrawal fee for every request

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.

4. AvaTrade – Best Automated Trading Platform for Beginners in the UK

We’ve tested and used AvaTrade for many years. Our experience with this platform has encouraged us to strongly recommend it to beginners. Several factors make AvaTrade an outstanding choice. For starters, it has a world-class training academy known as AvaAcademy. It also offers countless free trading courses and guides tailored to help newbies understand the fundamentals associated with different assets, from forex pairs and stocks to crypto and commodities.

Thanks to AvaAcademy, you can master the essentials of the financial markets, risk management, technical analysis and more. Moreover, after acquiring sufficient knowledge, you can take your skills to the next level with a free demo account. Later, you can shift to a live account, which will give you access to 1,250+ popular assets, including stocks, FX pairs, and commodities.

As a live trader, you can use several platforms and solutions to reap the benefits of automated trading. The first is AvaSocial, a social trading app that allows you to find mentors and mirror their trades. DupliTrade, an MT4-compatible tailored to facilitate seamless automated copy trading, is also available here. Lastly, this broker offers ZuluTrade a cutting-edge automated forex trading platform.

AvaTrade

✔Free deposits and withdrawals
✔Beginner-friendly user interface

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

Pros

  • Numerous automated trading platforms are available, including ZuluTrade and DupliTrade
  • Top-class courses, guides, tutorials, and other educational materials
  • Optimised, beginner-friendly user interface
  • Excellent third-party trading software like MT4 and MT5 are available
  • Beginners enjoy helpful, personalised support services

Cons

  • Higher inactivity fee than its peers
  • Fewer assets than other top-performers

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. FP Markets – Best Automated Trading Platform for Forex Traders in the UK

If you are an avid forex trader searching for a good automated forex trading platform, we have something for you: FP Markets. Founded in 2005, FP Markets is an outstanding service provider that offers 10,000 tradeable instruments, including currency pairs, shares, bonds, and ETFs. Over 70 popular FX, including GBP/CAD, GBP/JPY, and EUR/GBP, are available here.

FP Markets allows its users to automate forex trading with Myfxbook. This trading system allows you to copy successful forex traders automatically. But to enjoy that, you must visit Myfxbook and use FP Markets’ state-of-the-art mirroring service – AutoTrade. With AutoTrade, you can copy the best systems and enjoy automated copy trading through your MT4 forex account.

Automated trading aside, we strongly urge forex traders to check out FP Markets for numerous reasons. First, the site hosts several top-notch trading platforms, including cTrader, MT4, and MT5. Moreover, the broker offers low spreads starting from 0.0 pips to traders who choose the Raw Account option.

FP Markets

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

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

Pros

  • It gives users access to automated trading systems
  • Over 10,000 financial products are offered here
  • Excellent customer support is available 24/7
  • Ultra-low spreads starting from 0.0 pips
  • Zero account inactivity fees

Cons

  • Users need to deposit a minimum of £1,000 to use Iress
  • Some withdrawal methods have fees, like STICPAY, Skrill, and Neteller

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.

Automated Trading in the UK

Automated Trading in the UK

Automated trading is completely legal in the UK. However, since trading is only for adults in the UK, only people aged 18 and above can enjoy the benefits of auto trading. Also, even as an auto trader, you must pay capital gains tax while trading CFDs in this region. Other asset categories may also be subject to taxation. Check the mandates on GOV.UK website for more information.

Before switching to auto trading, note that this strategy is associated with numerous risks. For instant, software bugs may cause technical glitches, erroneous trading actions, and massive losses. Additionally, system failures can disrupt operations and cause missed opportunities. Not to forget, since auto trading platforms are programmed to respond to certain conditions, they are often unable to effectively respond to black swan events like the aftermath of a referendum or unexpected financial crisis.

What is an Automated Trading Platform?

What is an Automated Trading Platform?

An automated trading platform allows you to automatically trade financial products like currency pairs, commodities, and stocks. Auto trading platforms use pre-specified rules and algorithms to execute trades based on factors like market data and news feeds. You can integrate an automated trading platform with other platforms or use it as a standalone system.

How to Choose the Best Automated Trading Platform UK

You must be careful when choosing an automated trading platform because not all solutions can help you meet your trading goals. Moreover, some of today’s options are riddled with issues like constant software glitches and erroneous executions. To ensure you have access to the best automated trading platform UK, consider the following factors:

Regulation
Reliability
Support
Costs
Reputation

Financial markets are highly regulated in the UK, and that’s a good thing. Look for an FCA-regulated automated trading platform to protect yourself from fraud and malpractice. The service provider should show a commitment to adhering to the FCA’s stringent rules tailored to ensure investor funds are safe and all participants have access to a level playing field.

An automated trading platform’s reliability determines the overall success and consistency of your trading activities. A reliable platform has high uptime and executes orders precisely as the algorithm mandates. Before signing up with a particular auto trading platform, use the incorporated backtesting feature and historical data to gauge reliability.

Quality support is the key to ensuring you get timely, helpful assistance when you need it most. Remember, you may encounter many issues while trading with an automated platform. For instance, the system may crash or start acting erroneously. Check support availability and promptness before signing up with any automated trading platform.

While choosing the best automated trading platform, vet every service provider’s fees. That is crucial since unexpected costs can undermine profitability and cause nasty surprises. Check everything, from subscription and transaction charges to account maintenance and inactivity fees.

Popular automated trading platforms have served thousands of people over the years. Some of these individuals have highlighted their experiences on sites like the App Store, Google Play, and Trustpilot. Read their testimonials and reviews. They will help you get a rough idea of what to expect from different service providers.

How to Sign up for an Account with an Automated Trading Platform

We tested each of the automated trading platforms reviewed here with live accounts and are here to dispel one common rumour. Most people believe opening an account with an automated trading service provider is a long, complicated process. It’s not. You only have to follow a few steps:

Step 1: Visit your chosen platform’s official site
Step 2: Register
Step 3: Verify your identity
Step 4: Deposit funds
Step 5: Trade

Go to your selected service provider’s official site and do some extra digging. Research and evaluate everything, from fees to supported assets and company terms. If you are a mobile trader, find the right app and download it from the official platform.

To create your account, hit the register button. Then, provide personal information, from your official name to your date of birth and email address. Furthermore, secure your account with a robust and unique password. It should have as many characters as possible. Avoid using information anyone can guess, like your pet’s or mother’s maiden name.

Complete KYC by sharing proof of identity and address documents. Your preferred service provider should highlight the accepted documents. Read the stipulated rules and follow them to the letter. Most importantly, ensure you submit clear copies or photos of valid documents. If the information on the documents doesn’t match the data you shared earlier, your application will be rejected.

Check the accepted payment methods and pick the most fitting option. Then, while obeying the minimum deposit requirements, fund your new auto trading account. To avoid exposing yourself to catastrophic risks, you should budget wisely before depositing money into your account. Most importantly, start with the lowest amount of capital possible if you are a newbie to trading.

Choose the automated trading algorithms and strategies you want to use or set up your own systems if possible. Configure the settings and check everything for optimal accuracy. If possible, test the automated trading platform in demo mode before switching to live trading. Finally, check the performance of your algorithms regularly and make adjustments whenever necessary.

Conclusion

Automated trading doesn’t guarantee consistent profits or make you immune to losses. Systems and algorithms can fail or act erroneously. Employ the best risk management tools and strategies to protect your capital and maximise returns. Furthermore, thoroughly vet the trader you wish to copy before engaging in automated copy trading.  

Finally, always trade with FCA-regulated companies. Too many fraudulent entities are operating today; don’t make their work easier or risk your hard-earned money by relenting on caution.  

author image
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.

Leave a Reply

Your email address will not be published. Required fields are marked *