Top 5 AI Trading Platforms in April

With the continuous development of AI technology, many financial companies have begun to apply AI technology to their trading services. WikiFX now has listed five excellent automatic trading platforms that allow you to enhance your trading result via robotic trading.

What is a forex trading bot？

A forex trading bot is an algorithmic software that automates forex trades based on pre-determined logic. These ‘trading bots’ are programmed to buy and sell currency pairs when specific signals are triggered by price action. They are integrated through application programming interfaces, which allow them to receive inputs from market monitoring software and they can then output buy and sell commands through your brokerage, effectively letting the program implement their trading plan.

The list of top five trading platforms in April recommended by WikiFX

AvaTrade 9.31/10

AvaTrade is an online forex and CFD broker that was established in 2006. The company is headquartered in Dublin, Ireland, and is regulated by several financial authorities around the world, including ASIC, CBI, FSA, FSCA, FSC, CBI, and FFAJ. As a reputable broker, AvaTrade offers clients AI Trading services.

As a market maker broker, AvaTrade offers a range of tradable assets including forex, CFDs, stocks, indices, commodities, and cryptocurrencies. The broker provides clients with access to multiple trading platforms, including AvaTradeGO, MT4, MT5, WebTrader, AvaOptions, and DupliTrade. Mobile trading is also available.

Avatrade requires a minimum deposit of $100 to open an account, and clients can choose from a variety of payment methods including credit/debit cards, bank transfer, e-wallets, and Rapid Transfer.

Customer support is available via live chat, phone, email, and a knowledge base. The broker also provides a range of educational resources for traders, including webinars, e-books, trading videos, and articles.

WikiFX has given this broker a high score of 9.31/10.

Pepperstone 8.93/10

Pepperstone is a Forex and CFD broker founded in 2010 in Melbourne, Australia. The company has quickly grown to become one of the largest Forex and CFD brokers in the world with over 150,000 clients across the globe. Pepperstone is regulated by top-tier financial authorities, including the Australian Securities and Investments Commission (ASIC), the UK Financial Conduct Authority (FCA), etc. It offers a wide range of trading instruments including Forex, indices, commodities, and cryptocurrencies. WikiFX has given this broker a score of 8.93/10.

EightCap 8.58/10

Registered in 2009 in Australia, EightCap is an online Forex broker well-regulated by many regulators worldwide. We have ASIC, FCA, VFSC, and SCB.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.

At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance. WikiFX has given this broker a score of 8.58/10.

FXTM 8.37/10

FXTM, or Forex Time, is a global forex and CFD broker founded in 2011. The company is headquartered in Cyprus and is regulated by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and other regulatory bodies in various countries. FXTM offers a variety of trading instruments, including forex, commodities, indices, shares, and cryptocurrencies.

FXTM is its extensive range of account types, which cater to traders of all experience levels and preferences. The broker offers five different account types, including the Micro, Advantage, and Advantage Plus accounts, as well as demo accounts and Islamic accounts. Each account type comes with its own unique features, including different leverage options, spreads, and minimum deposit requirements. In terms of trading fees, FXTM offers variable spreads on most of its instruments, with spreads starting from as low as 0.1 pips.

FXTM also offers a range of trading platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These platforms are available in desktop, web, and mobile versions, allowing traders to trade on the go and from anywhere in the world.

Lastly, FXTM provides customer support in multiple languages, which is available 24/5 via live chat, email, and phone. The broker also offers a range of educational resources, including webinars, seminars, and trading guides. WikiFX gives this broker a low score of 8.37/10.

eToro 7.52/10

eToro was founded in 2007 as an online forex and CFD broker that provides traders with different financial instruments. By investing in eToro, investors can trade thousands of financial assets in multiple categories, including commodities, cryptocurrencies, forex, indices, and ETFs. eToro has two types of accounts for different types of investors: Retail and Pro accounts. Retail accounts have maximum leverage of 1:30. Pro accounts are for those clients who have successfully passed the Professional Client Condition Test, which allows them to use unlimited leverage. WikiFX has given this broker a decent score of 7.52/10.