An Autochartist broker refers to a financial brokerage firm that provides its clients with access to the Autochartist tool, a popular market-scanning tool used by traders and investors.
Autochartist scans the market to identify chart patterns, Fibonacci patterns, and key levels such as support and resistance. The software aims to help traders recognize potential trading opportunities based on these technical patterns and levels. It provides visual illustrations of these patterns and gives potential scenarios of future price movement.
In this article, we have grouped some of the best brokers that offer the autochartist plugin.
We have included brokers according to numerous factors, including:
- Autochartist’s availability.
- The amount of trading platforms offered
- The ability to use autochartist on a demo account.
- The overall quality of the broker
Round-Up
| Autochartist Brokers | Free Autochartist | Demo Autochartist | Autochartist platforms |
|---|---|---|---|
| GO Markets | Yes | Yes | MT4, MT5 |
| Axiory | Yes | No | MT4, MT5, cTrader |
| Pepperstone | Yes | No | MT4 |
| HFM | Yes | Yes | MT4, MT5 |
| Admirals | Yes | No | MT4 |
| TickMill | Yes | Yes | MT4, MT5 |
| Oanda | Yes | No | Oanda WebTrader |
| Roboforex | Yes | No | MT4 |
| OctaFX | Yes | No | MT4, MT5 |
| CMC Markets | Yes | No | MT4 |
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.
What are the best Autochartist brokers?
Below is our carefully chosen list of the leading brokerages offering access to Autochartist for trading forex and other assets, highlighting their unique features and strengths.
GO Markets
GO Markets offers Autochartist for free on both live and demo accounts, compatible with MT4 and MT5 platforms on Windows, with a minimum deposit requirement of $100.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About GO Markets
GO Markets is an online broker offering CFD trading in different markets such as forex, commodities, indices and shares. GO Markets was founded in 2006 and is regulated by multiple authorities, including ASIC, CySEC, FSC, and FSA. GO Markets provides various trading platforms including MetaTrader 4, MetaTrader 5, cTrader, and their proprietary GO WebTrader. GO Markets emphasizes fast execution, tight spreads, and educational resources for traders.
GO Markets Features
The features of GO Markets are listed below.
- Autochartist is available for free on GO Markets.
- GO Markets offers Autochartist not only for live accounts but also on demo accounts.
- You can install Autochartist on GO Markets’ MT4 or MT5 platforms.
- Autochartist on GO Markets is only available for Windows devices.
- The minimum deposit on GO Markets is $100, and on forex, the broker has spreads as low as 0 pips.
GO Markets Pros and Cons
Advantages of GO Markets
The advantages of GO Markets are listed below.
- Fast Account Opening
- Excellent Educational Resources
- Competitive Spreads
Disadvantages of GO Markets
The disadvantages of GO Markets are listed below.
- Limited Product Portfolio
- No Investor Protection for Non-EU Clients
- High Minimum Deposit Requirement
Axiory
Axiory provides free Autochartist integration on MT4, MT5, and cTrader, along with setup guides and webinars, requiring a minimum deposit of $10.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About Axiory
Axiory is a global online broker founded in 2012, offering trading on forex, CFDs, stocks, indices, commodities, and cryptocurrencies. Axiory provides MetaTrader 4, MetaTrader 5, and cTrader platforms. Axiory is regulated by the International Financial Services Commission (IFSC) of Belize. Axiory is known for competitive spreads, fast execution, and extensive educational resources. Axiory offers various account types including ECN accounts. The CEO of Axiory is Roberto d’Ambrosio.
Axiory Features
The features of Axiory are listed below.
- Axiory offers Autochartist for free on MT4, MT5 and cTrader.
- Setup guides, webinars, and videos on Autochartist are available on Axiory.
- A minimum of $10 is required to open a live account on Axiory and spreads on forex pairs start at 0 pips.
Axiory Pros and Cons
Advantages of Axiory
The advantages of Axiory are listed below.
- Competitive Spreads
- Diverse Account Types
- Robust Educational Resources
Disadvantages of Axiory
The disadvantages of Axiory are listed below.
- Limited Regulation
- High Inactivity Fees
- Withdrawal Fees
Pepperstone
Pepperstone integrates Autochartist on the MT4 platform for both Standard and Razor accounts, with spreads starting at 0 pips and a $100 deposit.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About Pepperstone
Pepperstone is a global forex and CFD broker founded in 2010 in Melbourne, Australia. Pepperstone offers trading on currencies, commodities, indices, stocks, and cryptocurrencies through MetaTrader and cTrader platforms. Pepperstone is regulated by multiple authorities including ASIC, FCA, and CySEC. Pepperstone is known for competitive spreads, fast execution, and extensive educational resources. Pepperstone serves clients in over 160 countries worldwide. The Pepperstone CEO is Tamas Szabo.
Pepperstone Features
The features of Pepperstone are listed below.
- Pepperstone offers integration with Autochartist on its MT4 platform.
- On Pepperstone Autochartist can be used on both the Standard and Razor accounts.
- Spreads on Pepperstone start at 0 pips and require $100 to open a trading account.
Pepperstone Pros and Cons
Advantages of Pepperstone
The advantages of Pepperstone are listed below.
- Stable raw spreads (0,09 pips on EUR/USD on average)
- Caters for algorithmic trading
- Has won over 30 Forex industry awards
Disadvantages of Pepperstone
The disadvantages of Pepperstone are listed below.
- The demo account is not unlimited
HFM
HFM makes Autochartist available for free to active customers on MT4 and MT5, with a demo option lasting 30 days.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About HFM
HFM, formerly known as HotForex, is a global multi-asset broker founded in 2010. HFM offers trading on forex, stocks, commodities, indices, and cryptocurrencies through MetaTrader and proprietary platforms. HFM is regulated by multiple authorities including FCA, CySEC, and FSCA. HFM is known for competitive spreads, fast execution, and extensive educational resources. HFM serves over 3.5 million clients worldwide. The HF Markets Group CEO is George Koumantaris.
HFM Features
The features of HFM are listed below.
- On HFM, Autochartist is free, but can only be obtained by customers who have been active in the previous 6 months.
- HFM traders must have deposited/withdrawn money, or been active in the previous six months.
- HFM allows users to try the Autochartist demo for 30 days, after which the user can decide whether or not to continue with the (free) subscription.
- Autochartist can be used on either HFM’s MT4 or MT5.
- Spreads on HFM start from 0 pips and require only $0 to open an account.
HFM Pros and Cons
Advantages of HFM
The advantages of HFM are listed below.
- High Leverage Options
- Low Minimum Deposit
- Wide Range of Trading Instruments
Disadvantages of HFM
The disadvantages of HFM are listed below.
- Higher Trading Costs
- Limited Educational Resources
Admirals
Admirals does not offer Autochartist but substitutes with similar services through the MT Supreme Edition, enhancing MetaTrader capabilities.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About Admirals
Admirals, formerly Admiral Markets, is a global forex and CFD broker founded in 2001. Admirals offers trading on currencies, commodities, indices, stocks, and cryptocurrencies through MetaTrader platforms. Admirals is regulated by multiple authorities including CySEC and FCA. Admirals is known for competitive spreads and extensive educational resources. Admirals recently halted onboarding of new EU clients to comply with regulatory standards. The co-founder of Admirals and CEO of Admirals Group is Alexander Tsikhilov.
Admirals Features
The features of Admirals are listed below.
- Admirals does not offer Autochartist, but offers similar services through the MT Supreme Edition.
- Admirals’ MT Supreme Edition contains a large number of additional plugins for MetaTrader to enhance the trading experience.
- This service offered by Admirals is free and can be downloaded directly from the broker’s website.
Admirals Pros and Cons
Advantages of Admirals
The advantages of Admirals are listed below.
- Extensive Forex Options
- Strong Regulatory Framework
- Advanced Educational Resources
Disadvantages of Admirals
The disadvantages of Admirals are listed below.
- Charges Inactivity Fee
- Mobile App Limitations
- Higher Average Spreads for Some Assets
Tickmill
Tickmill offers Autochartist for free on MT4 and MT5, with a delay on demo accounts, requiring a $100 minimum deposit.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About Tickmill
Tickmill is a global multi-asset broker founded in 2014, offering trading on forex, CFDs, stocks, indices, commodities, and cryptocurrencies. Tickmill provides MetaTrader 4, MetaTrader 5, and proprietary platforms. Tickmill is regulated by multiple authorities including FCA, CySEC, and FSCA. Tickmill is known for low spreads, fast execution, and extensive educational resources. Tickmill serves over 500,000 clients worldwide. The Tickmill CEO is Sudhanshu Agarwal.
Tickmill Features
The features of Tickmill are listed below.
- Tickmill offers Autochartist for free.
- On Tickmill’s demo accounts Autochartist is available, but it has a delay of 5 candlesticks compared to live accounts.
- Tickmill allows you to use Autochartist on both MT4 and MT5.
- To open a real account on Tickmill $100 is required, and forex spreads start at 0 pips.
Tickmill Pros and Cons
Advantages of Tickmill
The advantages of Tickmill are listed below.
- Regulatory Trust
- Competitive Pricing
- Comprehensive Platform Support
Disadvantages of Tickmill
The disadvantages of Tickmill are listed below.
- Limited Asset Variety
- Higher Costs on Classic Account
- Discontinued Features
Oanda
Oanda supplies Autochartist-powered analysis tools on its proprietary platform, requiring no minimum deposit, with forex spreads starting at 1 pip.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About Oanda
OANDA is a global multi-asset broker founded in 1996, offering trading on forex, CFDs, commodities, indices, and cryptocurrencies. OANDA provides proprietary platforms and API solutions. OANDA is regulated by multiple authorities including FCA, ASIC, and MAS. OANDA is known for competitive spreads, fast execution, and currency data services. OANDA serves both retail and institutional clients worldwide. The Oanda Chief Executive Officer is Gavin Bambury since August 2019.
Oanda Features
The features of Oanda are listed below.
- Oanda offers a good number of technical analysis tools powered by Autochartist.
- Oanda’s Autochartist service is available on the broker’s proprietary platform.
- No minimum deposit is required to open a live account at Oanda and spreads start at 1 pip on forex.
Oanda Pros and Cons
Advantages of Oanda
The advantages of Oanda are listed below.
- Comprehensive Platforms
- Robust Education
- Highly Regulatory Trust
Disadvantages of Oanda
The disadvantages of Oanda are listed below.
- Higher Spreads
- Proprietary Platform Limitations
- Inactivity Fees
Roboforex
Roboforex allows free Autochartist installation on MT4 with a minimal deposit of $10, facilitating analysis.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About Roboforex
RoboForex is a global forex and CFD broker founded in 2009, offering trading on currencies, stocks, indices, commodities, and cryptocurrencies. RoboForex provides MetaTrader 4, MetaTrader 5, and proprietary platforms. RoboForex is regulated by the Financial Services Commission (FSC) of Belize. RoboForex is known for competitive spreads, extensive educational resources, and multiple account types. RoboForex serves over 4.5 million clients worldwide. The RoboForex CEO is Andrei Dziarnovich.
Roboforex Features
The features of Roboforex are listed below.
- RoboForex offers the possibility to install Autochartist on MT4.
- Autochartist on RoboForex is offered free of charge.
- To open a live account on RoboForex, the minimum deposit starts at $10.
Roboforex Pros and Cons
Advantages of Roboforex
The advantages of Roboforex are listed below.
- Diverse Trading Platforms
- Wide Range of Instruments
- Low Minimum Deposit
Disadvantages of Roboforex
The disadvantages of Roboforex are listed below.
- Limited Educational Resources
- Higher Spreads on Some Accounts
- Regulatory Concerns
OctaFX
OctaFX provides Autochartist for traders maintaining at least $1,000 in their account on MT4 and MT5 platforms.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About OctaFX
Octa, formerly known as OctaFX, is a global forex and CFD broker founded in 2011. Octa offers trading on currencies, commodities, indices, stocks, and cryptocurrencies through MetaTrader 4, MetaTrader 5, and proprietary platforms. Octa is regulated by multiple authorities including CySEC. Octa is known for competitive spreads, extensive educational resources, and copy trading services. Octa serves clients in over 100 countries worldwide.
OctaFX Features
The features of OctaFX are listed below.
- OctaFX offers Autochartist for all traders who have at least $1,000 in their trading account.
- Autochartist with OctaFX is available on both MT4 and MT5.
- OctaFX spreads start at 0.2 pips, and traders can open an account with $25.
OctaFX Pros and Cons
Advantages of OctaFX
The advantages of OctaFX are listed below.
- Low Trading Costs
- Robust Educational Resources
- Multiple Trading Platforms
Disadvantages of OctaFX
The disadvantages of OctaFX are listed below.
- Limited Asset Range
- No VIP Discounts
- Restrictions on High-Frequency Trading
CMC Markets
CMC Markets offers a free Autochartist plugin for MT4, with no minimum deposit requirement to open a real account.
-
Regulations:
-
Avg. EUR/USD Spread:
-
Platforms:
About CMC Markets
CMC Markets is a global online financial trading company founded in 1989 and headquartered in London. CMC Markets offers trading on forex, indices, commodities, cryptocurrencies, and shares through CFDs and spread betting. CMC Markets provides proprietary and MetaTrader platforms for desktop, web, and mobile. CMC Markets is regulated by multiple authorities including FCA, ASIC, and BaFin. CMC Markets is listed on the London Stock Exchange. The CMC Markets CEO is Lord Peter Cruddas.
CMC Markets Features
The features of CMC Markets are listed below.
- CMC Markets offers the possibility to install the Autochartist plugin on MT4.
- Autochartist on CMC Markets is offered for free.
- To get Autochartist you need to open a real account on CMC Markets, which does not require a minimum deposit.
CMC Markets Pros and Cons
Advantages of CMC Markets
The advantages of CMC Markets are listed below.
- Regulatory Trust
- Low Trading Costs
- Extensive Trading Platform
Disadvantages of CMC Markets
The disadvantages of CMC Markets are listed below.
- Complex Fee Structure
- Limited Funding Options
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. You should also ensure 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 of the time, 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. With that you can 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.
What are the Autochartist features?
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 Autochartist, traders get timely reports of market movements and opportunities as alerts every 15 minutes. It 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. 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, Autochartist carries out automated market analysis thereby saving a huge amount of time.
- Autochartist can be used for trading all broker-supported financial assets.
- The software can easily spot market opportunities round the clock.
Cons
- Beginners may totally depend on the Autochartist for technical analysis.