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AI forex trading brokers refer to forex (Foreing Exchange) brokerage firms that provide clients with the ability to trade foreign currencies using artificial intelligence (AI) technologies.

When a Forex brokerage allows AI trading, it means that they provide or accommodate automated trading systems. These systems, often called trading bots or algorithms, are designed to carry out trades on behalf of the trader based on predetermined conditions. They can analyze large volumes of data at incredible speed and execute trades based on the parameters set by the trader.

In this top ten we have collected the best forex brokers that are at the forefront of AI trading for retail traders.

For each broker you will find:

  • If AI trading is allowed
  • The trading platforms available
  • If backtesting functions are available
  • If VPS services are provided
Table of Content

What are the best AI forex trading brokers?

Below our curated list of the best AI forex trading brokers and platforms, with details of features and characteristics.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

1. Roboforex : best AI forex platform overall

  • You can create your own robot or an existing robot model on the R stockstrader platform.
  • Backtesting functions.
  • Highly-Customizable robot.
  • Unlimited number of strategies.
  • EAs on MT4 and MT5.
  • VPS for free if you trade 3 standard lots, otherwise a $5 monthly fee is charged.
61.41% of retail CFD accounts lose money

2. IC Markets : best broker for cAlgo

  • IC Markets offers cTrader Automate for algorithmic trading.
  • Customize strategies on algorithms and advanced backtesting functions.
  • Technical indicators for technical analysis by using #C programming language.
  • You can download indicators and trading robots for cTrader.
  • IC Markets also provides AI trading software via MT4 and MT5.
  • A VPS service is provided for free if your trading volume exceeds 15 lots per month.
  • AI can be tested with a demo account.
74-89% of retail CFD accounts lose money

3. Pepperstone : best broker for AI scalping robots

  • You can download robots for MT4, MT5, and cTrader.
  • Coding in C# and open API available.
  • Advanced platform customization with cTrader Automate.
  • Backtesting capability for more robust Expert Advisors.
  • VPS is pre-installed with your MT4 with a 25% discount.
  • EAs supported across MT4, MT5 and cTrader platforms.
  • AI can be tested with a demo account.
74-89% of retail investor accounts lose money when trading CFDs

4. AvaTrade : best forex broker for AI options trading

  • At AvaTrade, you can implement trading bots with both MT4 and MT5 platforms.
  • VPS on MT4 is available.
  • Avatrade offers both MT4 and MT5 demo to test EAs.
76% of retail investor accounts lose money

5. IG Markets : best platform with built-in trading IA

  • API services on IG Markets include REST API and Streaming API for retail clients.
  • Institutional clients have access to FIX API.
  • You can create your own AI trading systems.
  • Technical analysis is available on the forex market and others.
  • Backtesting services available.
  • You can use ProRealTime, an advanced platform with built-in trading bots.
  • AI trading can be engaged on the MT4 platform, which is available also as a demo.
68% of retail CFD accounts lose money

6. Admirals : best AI plugin for MT4 and MT5

  • Admirals allow the use of forex robots and the EAs, but no directly by them.
  • You can use AI with MT4 and MT5.
  • Admirals also offer Supreme Edition, a plugin for MT4 and MT5 which reinforces the AI strategies available for trading forex and other markets.
  • VPS for both MT4 and MT5 is available and for free if you have a balance of $5000.
  • You can open an MT4 or MT5 demo to test AI.
76% of retail investor accounts lose money

7. Tickmill : best VPS for AI trading

  • MT4 and MT5 support AI where you can engage in auto strategies.
  • VPS with a 20% discount.
  • An MT4 or MT5 demo account can be opened in order to test AI and the trading process.
73% of retail investor accounts lose money

8. Interactive Brokers : best forex API service

  • Build custom trading applications for use in financial markets.
  • Integrate trading into your existing applications and front-ends.
  • FIX API.
  • TWS API where you can develop applications in C++, C#, Java, Python, ActiveX, RTD or DDE.
  • IB SmartRouting, searches for the best firm stock and combination prices available at the time of your order and immediately executes your order electronically.
74-89% of retail CFD accounts lose money

9. Vantage : best forex demo account to try AI on

  • VPS for free if you have an equity of $1000.
  • AI Trading on MT4 and MT5 which allow AI trading and the use of forex trading robots on retail investor accounts and others.
  • Vantage offers a demo of both MT4 and MT5 platforms where you can try robot trading with them.
74-89% of retail CFD accounts lose money

10. FP Markets : best for AI trading with low latency

  • AI trading can be engaged on the MT4 and MT5 platforms.
  • VPS is free if you trade 10 forex lots on the Standard account and 20 forex lots on the Raw account.
  • To start using the VPS you need to make a minimum deposit of $1000.
  • MT4 demo and MT5 demo are both available for you to test and try EAs.
74-89% of retail CFD accounts lose money

How to choose an AI forex broker

Forex trading with the aid of AI (Artificial Intelligence) is becoming increasingly popular. By leveraging machine learning and data-driven insights, AI can potentially provide a competitive edge in the forex market. Choosing the right broker to facilitate this advanced technology, however, is crucial. Here’s a guide on how to make the right choice:

  1. Regulation should be at the forefront of your considerations when choosing any forex broker. Trading with a regulated broker ensures that your investment is protected by the framework set by the regulatory body. The top regulations you should look out for are FCA, ASIC and NFA.
  2. Consider the broker’s features as your trading strategies, especially if they are AI-driven, may require certain features to be supported by your broker. Some of these include VPS and API availability.
  3. Consider what you want to do, understanding your end-goal is pivotal. If you aim to trade with AI, focus primarily on the broker’s credibility, regulation adherence, cost-effectiveness, and the minimum deposit required. On the other hand, if your goal is to sell AI to third parties, platforms with larger user bases, such as MT4 (MetaTrader 4), might be more appealing as they offer a wider audience.

AI forex trading broker alternatives

For forex traders and others, the main alternatives are robo advisors and copy trading.

Robo advisors are services that automate trading strategy. These trading strategies are trading robots backed by humans constantly calibrating the trading portfolios and the algorithms behind them.

Copy trading allows traders to copy in real-time the trading decisions of other traders. No AI or forex trading robot is involved whatsoever.

What is AI forex trading?

An AI for forex trading is an algorithm that uses machine learning so that it self-corrects and self-calibrates over time. These algorithms can be used both to open and close positions automatically, but also to analyze the market in order to generate trading signals.

A specific broker is not required to implement them; a forex broker that allows the implementation of EAs and Custom Algorithms is sufficient.

This is why in most cases a good forex broker is enough. AI for forex trading can in fact be either programmed from scratch but this requires extremely advanced knowledge not only of programming languages but also of the world of machine learning.

In the world of Machine Learning, one of the most vibrant communities is that of the MQL5 Forum. If you do not have the knowledge to create an AI from scratch, you can always buy one and install it inside your computer or a VPS.

What are the most common coding languages for forex AI?

The most common coding languages for forex AI are:

  • MQL4
  • MQL5
  • cAlgo
  • Pinescript

MQL4 is the most common coding language used by AI forex programmers, due to the fact that the MetaTrader 4 trading platform (the only one compatible with MQL4) is the most popular among traders of all kinds.

The MQL5 language, although it works on the MetaTrader 5, is not compatible with the MetaTrader 4 platform. The MQL 5 language has some peculiarities, such as the fact that (as opposed to MQL4) it integrates libraries to call variables such as those referring to the economic calendar.

In contrast, the cAlgo language is used on the cTrader platform, a favorite of scalpers. The cAlgo language is very similar to C#, and is not compatible with either MQL4 or MQL5.

Finally, Pinescript is the programming language for the Tradingview platform, which is a platform used primarily to analyze chart trends. For this reason, Pinescript is mainly used by those who wish to perform backtesting on their AIs.

Coding an AI is not easy, so you can still buy one. However, if you still want to code one from scratch but you do not have enough coding experience, you can take a look at Roboforex, which offers a trading platform that makes coding more accessible for everyone.

Code a fx robot with Roboforex
(74-89% of retail CFD accounts lose money)

Can an AI for forex guarantee results?

AIs for forex do not guarantee results. They follow strategies that were successful if tested in the past, but past performances are not a guarantee of future results. AIs are tested and calibrated using past data. If they are successful with a backtesting benchmark, you may not get the same result in the future.

While AI systems base their strategies on patterns that have shown success in the past, it’s a fundamental tenet of trading that past performances do not guarantee future outcomes. Markets evolve, external factors change, and what worked once might not work again.

AI systems undergo rigorous backtesting using historical data. This means their strategies are refined and calibrated based on past market behaviors. However, achieving a high success rate in backtesting does not automatically translate to future success. There are countless variables in the real market that may not be present or accounted for in historical data.

It’s also essential to understand that while AI can adapt and learn, it doesn’t foresee the future. It makes decisions based on patterns and data it has been fed, making it reactive rather than prophetic.

Pros and cons of using AI in forex


  • Available 24/7
  • Remove the psychological aspect and the anxiety which may come with trading
  • You can monitor many orders at the same time
  • Backtesting available
  • Machine learning to tweak themselves


  • Algorithms are based on past data
  • You need to know programming language
  • May be expensive to buy
  • Very hard to code

filippo ucchino

About The Author

Filippo Ucchino
Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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