GO MarketsVisit GO Markets62% of retail CFD accounts lose money
AxioryVisit Axiory(Your capital is at risk)
HF MarketsVisit HF Markets70.51% of retail investor accounts lose money
PepperstoneVisit Pepperstone74-89% of retail investor accounts lose money when trading CFDs
AdmiralsVisit Admirals76% of retail investor accounts lose money
TickmillVisit Tickmill73% of retail investor accounts lose money
OandaVisit OandaCFDs are not available to residents in the United States
RoboforexVisit Roboforex61.41% of retail CFD accounts lose money
OctaFXVisit OctaFX74-89% of retail CFD accounts lose money
CMC MarketsVisit CMC Markets78% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.
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
|Autochartist Brokers||Free Autochartist||Demo Autochartist||Autochartist platforms|
|GO Markets||Yes||Yes||MT4, MT5|
|Axiory||Yes||No||MT4, MT5, cTrader|
|HF Markets||Yes||Yes||MT4, MT5|
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.
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
- 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.
- Beginners may totally depend on the Autochartist for technical analysis.
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