Brokers

Think Markets

My number one favorite. Originally an Australian brokerage firm, but through this link, we can open an account at their UK company headquartered in London. The big advantage of this is the high deposit insurance and the favorable taxation. Not incidentally, the robots like their Standard STP account. They have very low spreads. This is why most of my live accounts are held here. The cash movements are flexible and, until now, the amount withdrawn has always arrived at my account in a few days. If you trade a lot, you can use their free VPS service. However, you need to trade at least 10 or 20 Lots a month to get this, depending on the type of VPS. The servers they use are in London.

 

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IC Markets

– My favorite number two. Originally, I opened an account with them, because they offered an ECN account with the lowest opening amount. If any of the robots needs this type of account, it is clear that I open it there. It is an Australian company, but the servers are in the US.

 

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SynergyFX

Several robots performed best on accounts held at this brokerage firm earlier. Recently, the developers do not chose this broker any more. I do not have any bad experiences with them. (Except that they still offer the Ichi Scalper robot, which zeroed out a lot of accounts 2-3 years ago, because – contrary with its name – it does not scalp, but uses a grid-martingale strategy.) Australian broker.

 

 

 

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FxOpen

The company provides its services since 2005, initially only for the Asian region, later covering the whole world. Today, it has established itself as one of the largest brokerages, which is mainly due to its favorable account conditions. They are the only brokerage of my favorites, who offer a cent account, which can be opened with $ 1. It may be good for testing, but do not expect that the robots will like this account. A Crypto account is available as well, where you can trade with virtual money. They offer free VPS service too, but of course with conditions.

In contrast to the many advantages it has a downside – the only one of the brokers I use that charges a fee for accounts not used for a few months.

 

The above brokerage firms offer accounts that are suitable for running robots:

Name Of Brokerage Type Of Account

Minimum Opening Amount

Minimum Position Size

Direct Link

Think Markets

Standard

250$

0.01 lot

Open Account

Pro

2000$

0.01 lot

IC Markets

Standard

200$

0.01 lot

Open Account

TRUE ECN

200$

0.01 lot

SynergyFx

Standard STP

500$

0.01 lot

Open Account

Pure ECN

500$

0.01 lot

FxOpen

Micro

1$

0.1 microlot

Open Account

STP

10$

0.01 lot

ECN

100$

0.01 lot

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