Best Forex Brokers That Offer AutoChartist

logomark Filippo Ucchino calendar Last Updated: November 2021 timer 14 min read
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At InvestinGoal, we adhere to strict standards to ensure an unbiased review process. We conduct our reviews by examining each broker’s offering and performance across 4 key categories. A final rating is produced for each forex broker based on a total of 187 data points. Learn more about our review process and methodology.

Autochartist brokers are online brokerage firms that avail a software called Autochartist which provides real-time trade setups for all traders/clients.

Autochartist identifies charts and patterns automatically, analyzes the financial market and provides accurate trading opportunities to beginners, intermediate and expert traders. It is one of the most advanced tools in the financial market, and offers effective, adequate, and correct market analysis to financial institutions, firms, and traders at large.

This tool/software generally provides traders with a visual impression of market trends for better trading, saves time and carry out market analysis much faster, avails trade alerts with details of pros and cons that have a connection to market trends with the risk involved, and carries out a trade customized search.

You can take a look at our choice for the Best Forex brokers in order to get more details on various online financial brokerage firms that provide financial trading services.

Table of contents

What is Autochartist?

An Autochartist is a dedicated trading software that eliminates the stress involved in self-recognition of trade patterns. It identifies trade patterns, market trends, and perform various technical analysis functions.

This software is the most popular automated chart and pattern analysis tool made available to traders for the trade of financial securities. The Autochartist headquarter is based in Cyprus and partners with Metaquotes and Econoday.

This trading tool (Autochartist) provides technical analysis for its users, scans a wide range of trading instruments in real-time, and carries out an automatic identification of chart patterns in such a way that users never miss trade opportunities.

It gives traders the ability to focus on trades by eliminating market noise and highlighting currency pairs, trading data intervals, and major technical indicators that portray important financial market events.

Hence, an Autochartist gives investors and users the ability to monitor financial instruments automatically.

Top 10 Best Autochartist forex brokers (2021)

There is a wide range of online brokerage firms that provides Autochartist trading tool to traders and users at large. Among them, a list of the 10 best financial trading service providers will be introduced below.

Visit Broker
74-89% of retail CFD accounts lose money

1. IC Markets

This online brokerage firm is a forex CFD provider that offers financial trading solutions to active day traders, scalpers, and investors at large. IC Markets have a minimum deposit of zero dollars which means that traders can begin trading without any initial capital.

This broker provides effective trading platforms known as MetaTrader 4 and MetaTrader 5. Traders and clients of this CFD broker have access to technical analysis and trading content of Autochartist through the MT4 and MT5 trading platform. With this trading tool (Autochartist), users can see potential trade opportunities automatically charted in their MT4 and MT5 platforms. This gives traders the opportunity to place trade orders straight from email subscriptions. These emails come with 24 hours overview of the financial market movement and its dynamics. This completely means access to Hassle-free trade executions.

IC Markets is known to have one of the tightest spreads when compared to other forex brokers. Its minimum spread starts at 0.0 pips on the cTrader and 0.1 pips on EUR/USD.

Another feature of IC Markets is that it provides an Algo-trading option where traders are executed automatically. However, the broker does not offer free Autochartist.

92
Rated: Excellent
Security 93
Cost 91
Trading 100
Education 66

Platforms: cTrader desktop, cTrader web, Mirror Trader, ZuluTrade, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web Regulations: ASIC, CYSEC, Offshore Minimum Deposit: 0
Visit Broker
74-89% of retail investor accounts lose money when trading CFDs

2. Pepperstone

Pepperstone is an online broker that provides financial trading services for instruments like CFDs, forex, commodities, indices, US shares, and more. This brokerage firm has a minimum deposit of 200 dollars or its equivalent in other currencies. As a trader, you need an initial capital of 200 dollars to have access to the Autochartist made available by the broker.

Pepperstone avails adequate trading platforms for the trade of financial instruments. The MetaTrader 4 and MetaTrader 5 are designed with an in-built Autochartist which gives traders the ability to view and analyze trade alerts in addition to other indicators embedded in both platforms. This Autochartist acts as a scanner where it consistently provides statistically significant market movement, includes a risk calculator that provides traders with expected market movement ranges for the next 4 hours and 24 hours, provides a daily market report on high-impact economic events and trading opportunities, and gives traders the ability to execute trades directly from their emails.

Pepperstone spreads on available trading platforms (MT4 and MT5) are variable and its minimum starts from 1.0 pips. The broker also provides an Algo-trading option where traders are executed automatically and offer free Autochartist to traders, investors, and clients at large.

90
Rated: Excellent
Security 94
Cost 75
Trading 100
Education 71

Platforms: cTrader desktop, cTrader web, ZuluTrade, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: FCA, MIFID-ESMA, ASIC, DFSA, CYSEC, Offshore Minimum Deposit: 0
Visit Broker
74-89% of retail CFD accounts lose money

3. OctaFX

Octafx is a beginner-friendly online broker that provides indicators and trading tools for the trade of financial securities. Among these trading tools is the availability of Autochartist software that helps traders identify charts and patterns automatically. The broker’s minimum deposit is 5 dollars.

Octafx platforms are MetaTrader 4 and MetaTrader which are designed with an in-built Autochartist that provides a clear overview of currency trends across all trading instruments. This trading software provides a daily report of market analysis via emails and gives traders the ability to make the right decisions on trade entry and exit. It also provides vital information on the accuracy of a trader’s trading strategy and suggests adjustments if necessary. Therefore, with Autochartist, a trader can get basic information on upcoming high impact economic release, financial market movements, and accurate price predictions.

This online broker has one of the lowest spreads amongst other brokers. Its minimum spread starts from 0.0 pips.

The broker also provides an Algo-trading option where traders are executed automatically but does not offer free Autochartist. You can only apply for the software if you have at least 100 dollars in total in all your trading accounts.

79
Rated: Excellent
Security 94
Cost 79
Trading 69
Education 59

Platforms: cTrader desktop, cTrader web, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: MIFID-ESMA, CYSEC Minimum Deposit: 5
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71.64% of retail investor accounts lose money

4. HotForex

HotForex is an online forex and commodity broker that provides financial trading services to both retail and industrial traders/clients. The minimum deposit at HotForex is 5 dollars or its currency equivalent. The brokerage firm provides a MetaTrader 4 and MetaTrader 5 trading platform, equipped with a user-friendly interface that avails inter-bank liquidity and fast trade executions for end users. These trading platforms are designed to include a trading Autochartist that scans multiple trading instruments, and trade opportunities across all technical charts. This Autochartist functions by identifying all types of patterns and key levels which are based on support and resistance, keep a 24/7 check on financial instruments, records all opportunities in the financial market, and scans through charts and patterns automatically. With HotForex Autochartist, clients and traders can have full access to multi-language email reports and statistical alerts.

HotForex provides tight-spreads which starts from 0.1 pips minimum. The broker also provides an Algo-trading option where traders are executed automatically and its Autochartist is completely free with no extra fees involved. All you need is a start-up capital of 5 dollars and you are eligible to use the software.

81
Rated: Excellent
Security 94
Cost 86
Trading 69
Education 70

Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web Regulations: MIFID-ESMA, CYSEC, Offshore, FSC (Mauritius) Minimum Deposit: 5
Visit Broker
74-89% of retail CFD accounts lose money

5. Vantage FX

Vantage FX is a transparent and reliable Autochartist broker who provides effective financial trading services to its clients. The brokerage firm gives clients access to the forex market, provides adequate trading tools, and sets in place a 24/day customer service. The minimum deposit at Vantage FX is 200 dollars.

This broker provides powerful trading platforms in the likes of MetaTrader 4 and MetaTrader 5. The platforms are designed with exceptional trade execution speed and have an Autochartist pre-installed. The Vantage FX Autochartist provides clients and users with a great competitive edge. The software has an effective suite of trading tools that gives traders the ability to identify charts and Fibonacci patterns in real-time, delivers records of pattern formations instantly via alerts, and empowers traders to benefit from on-time trading notifications. Therefore, with the help of Vantage FX Autochartist, traders and users can now assess risk better and select appropriate financial instruments to trade.

Vantage FX’s minimum spread starts from 0.5 pips. All you need is a startup capital of 200 dollars and you are eligible.

76
Rated: Excellent
Security 93
Cost 74
Trading 67
Education 57

Platforms: ZuluTrade, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: FCA, MIFID-ESMA, ASIC, Offshore Minimum Deposit: 200
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76% of retail investor accounts lose money

6. Admiral Markets

Admiral Markets is a forex and CFD broker that provides access to highly-functional software and quality assurance trading tools to traders and investors thereby offering a transparent trading experience. The minimum deposit at Admiral Markets is 100 dollars.

This brokerage firm provides multi-asset trading platforms (MT4 and MT5) that offers advanced trading charting and trading tools alongside various options for automated trading. These trading platforms support the installation of Autochartist software. This trading software is an advanced trading tool that provides automatic identification of chart and Fibonacci patterns. With this, users can comfortably carry out automatic monitoring of financial instruments thereby having knowledge of trade opportunities as soon as they present. In general, Admiral Markets Autochartist includes a feature called PowerStats which can be used to discover anticipated price ranges of currency pairs.

Admiral Markets offers a free Autochartist where users can exercise a trial version before committing to its purchase.  The broker’s minimum spread starts from 0.5 pips. The Algo-trading option carries out a one-click and fast execution of trades.

80
Rated: Excellent
Security 94
Cost 71
Trading 73
Education 78

Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MAC Platforms Regulations: FCA, MIFID-ESMA, ASIC, CYSEC Minimum Deposit: 100
Visit Broker
74-89% of retail CFD accounts lose money

7. FP Markets

FP Markets is an online brokerage firm that provides sophisticated trading tools that facilitates the trade of financial instruments. The minimum deposit at FP Markets is 100 dollars or its equivalent in other currencies.

This broker provides effective trading platforms like MetaTrader 4 and MetaTrader 5 that includes an advanced client portal use to track trading in real-time. They also have an embedded superior VPS solution for Expert Advisors, scalpers, and auto-trading. FP Markets provides an Autochartist which is installed in the MT4 and MT5 platforms. This software provides a real-time trade setup for both beginners and experienced traders. It supplies users with 1000+ actionable trade opportunities and trading strategies/ideas every month. The Autochartist provides visual quality indicators that give beginner traders the ability to better interpret charts and patterns. At the same time, it gives professionals and expert traders the ability to perform advanced search functions. The FP Markets Autochartist includes a risk calculator that allows users to calculate position sizes when trading with a specific amount.

This broker has a forex minimum spread that starts from 1.0 pips. The broker also provides an Algo-trading option where traders are executed automatically and its Autochartist is completely free.

85
Rated: Excellent
Security 93
Cost 64
Trading 100
Education 47

Platforms: MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, Proprietary Desktop Platform, MAC Platforms Regulations: ASIC Minimum Deposit: 100
Visit Broker
75.54% of retail investor accounts lose money

8. FxPro

FxPro is a user-friendly Autochartist broker that avails trading services for the trade of forex, indices, futures, shares, metals, and energies. This online brokerage firm provides adequate trading tools to its clients thereby providing a conducive trading environment. The minimum deposit at FxPro is 100 dollars or its equivalent in other currencies.

FxPro provides MetaTrader 4 and MetaTrader 5 trading platforms for its clients. These trading platforms perform a one-click trade execution and enable trades to be conducted at a fast rate. The trading platforms are designed with an in-built Autochartist provides effective technical analysis of the market and filters the market for trading opportunities thereby giving users the ability to form a custom-made watch list. The software also offers volatility analysis thereby getting useful insight on the movement of financial instruments.

The brokerage firm offers the Autochartist to all clients with a funded trading account free of charge. Therefore, to gain access to the free Autochartist, traders must only maintain a minimum trading balance of 200 dollars at all times.

FxPro forex minimum spread starts from 1.0 pips, the broker also provides an Algo-trading system.

80
Rated: Excellent
Security 95
Cost 58
Trading 76
Education 83

Platforms: cTrader desktop, cTrader web, MT4 Dekstop, MT4 Web, MT5 Desktop, MT5 Web, MAC Platforms Regulations: FCA, MIFID-ESMA, FSCA, CYSEC, Offshore Minimum Deposit: 100
Visit Broker
76% of retail CFD accounts lose money

9. IG Markets

IG Markets is a forex brokerage firm that provides online trading services thereby giving traders and users access to opportunities across thousands of financial markets. The minimum deposit at IG Markets is 300 dollars or its equivalent in other currencies.

IG Markets offers its clients a popular trading platform called MetaTrader 4 for trade automation. This trading platform is built with a simple user interface that gives traders the ability to access a flexible trading system. the MT4 has a pre-installed Autochartist that enables advanced technical analysis, helps in the identification of patterns in charts with real-time insights being created for market movements. This software always scans the financial market on behalf of the trader/user and generated price alerts whenever it perceives a new trade opportunity. The Autochartist has a customizable search pane, a built-in price movement scanner, and set algorithms that automatically analyze the market thereby creating a supple trading environment.

The forex minimum spread at IG markets starts from 0.6 pips. The brokerage firm offers the Autochartist to all clients with a funded trading account free of charge. IG markets provide an Algo-trading system.

90
Rated: Excellent
Security 98
Cost 62
Trading 100
Education 84

Platforms: Proprietary Web Platform, MAC Platforms Regulations: FSA, MAS, FINMA, FCA, CFTC, MIFID-ESMA, ASIC, FMA, FSCA, DFSA Minimum Deposit: 300
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72.5% of retails investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

10. BDSwiss

BDSwiss is a beginner-friendly forex broker that facilities the trade of financial instruments by providing effective trading tools, platforms, and basic trading education materials to all its clients. The minimum deposit at BDSwiss is 100 dollars or its equivalent in other currencies.

This brokerage firm offers advanced trading platforms like MetaTrader 4 and MetaTrader 5. These trading platforms offer different trade execution features, include an easy-to-use interface, and offer multi-language features. The MT4 and MT5 has a free programmed Autochartist that gives traders the ability to access market data analysis across multiple time frames, empowers traders with the ability to optimize stop-loss and take profit (risk management tools) levels using its volatility analysis, and saves time wasted on self-market analysis for trade opportunities. This leading automated analysis tool has the ability to monitor over 1000+ financial instruments and gives reports via alerts.

The BDSwiss Autochartist is offered free to all registered clients and traders. The forex minimum spread at BDSwiss starts from 1.1 pips and provides an Algo-trading system.

80
Rated: Excellent
Security 93
Cost 75
Trading 65
Education 100

Platforms: MT4 Dekstop, MT5 Desktop, Proprietary Web Platform, MAC Platforms Regulations: FINMA, MIFID-ESMA, CYSEC, Offshore Minimum Deposit: 100

Round-up of the best Autochartist brokers

The bellow consists of a table that comprises the ten best Autochartist brokers.

WARNING

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

Minimum deposit Autochartist MT4 Autochartist MT5 Free Autochartist
IC Markets $0 Yes Yes No
Pepperstone $200 Yes Yes Yes
OctaFX $5 Yes Yes No
HotForex $5 Yes Yes Yes
Vantage FX $200 Yes Yes Yes
Admiral Markets $100 Yes Yes Yes
FP Markets $100 Yes Yes Yes
FxPro $100 Yes Yes Yes
IG Markets $300 Yes No Yes
BDSwiss $100 Yes Yes Yes

How to pick an Autochartist broker

  • One of the major prerequisites to consider choosing the best forex broker is to make sure it offers MetaTrader 4 and/or MetaTrader 5 trading platforms.
  • Make sure the intending broker is regulated and licensed by a trading regulatory agent and shows records of reliability and transparency.
  • Make sure that as a trader, you sign up with an Autochartist broker to fits your trading style. If you are a day trader, go for one that supports day trading and has sophisticated tools and platforms that encourage day trading.
  • When choosing an Autochartist broker, look out for the features of their trading accounts. Check out for possible limitations and fee charges.
  • As a trader, try to sign-up with brokers who offer tight and low spreads.
  • Also, look out for flexible trading features like Algo-trading services for trade automation.

How to start trading with Autochartist

  • Autochartist can be installed/programmed into MetaTrader 4 and MetaTrader 5.
  • As a trader, you need to consider that an Autochartist is not listed on a broker’s proprietary platforms.
  • Most Autochartist is offered free of charge. Once you are a registered trader and own a live trading account, you may already have the software for free.
  • Since every MT4 and MT5 broker may be offering the possibility to use Autochartist, then we strongly suggest you to directly check our top 10 best MT4 brokers choice
  • Alternatively, if you’re interested in trading real assets rather than CFDs, then you should give priority to the best MT5 forex brokers.

How to Install your Autochartist

  • The first step to installing your Autochartist is to contact your broker and get the installation file and login details for the MetaTrader platform.
  • Install the MetaTrader platform, MT4 or MT5.
  • After installation, login to the MetaTrader account.
  • Click on File in the menu bar, then click on “Login to Trade Account“.
  • Enter your login credentials made available by the broker then click on login.
  • Automatically, the Installer will determine all valid installations of the chosen MetaTrader and display them in a list. Tick the check box next to each MT4 or MT5 platform you wish to install this plugin for.
  • If as a user, you are installing Autochartist MetaTrader Plugin as a broker-user, enter your email address then click on Save.

Autochartist features

  • An Autochartist is designed to help traders. It facilitates trading by eliminating the stress involved in self-market analysis and provides a detailed report of opportunities.
  • With an Autochartist, traders get timely reports of market movements and opportunities as alerts every 15 minutes.
  • An Autochartist can be used for trading all broker-supported financial instruments.
  • The software carries out an automatic scan of the financial market on behalf of the trader/user.
  • An Autochartist has an in-built visual indicator that gives traders the ability to identify patterns.
  • It saves traders a huge amount of time, it automatically carries out technical market analysis.

Pros and cons of Trading with Autochartist

Pros

  • Traders, investors, and users have access to extensive educational materials provided directly on the Autochartist website.
  • As mentioned earlier, an Autochartist carries out automated market analysis thereby saving a huge amount of time.
  • An Autochartist can be used for trading all broker-supported financial assets.
  • The software can easily spot market opportunities round the clock.

Cons

  • Beginners and novices will totally depend on the Autochartist for technical analysis. They will totally ignore the benefits of trading education and how to scan the market for opportunities themselves.

About the Author

Filippo Ucchino

Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. 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.

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