Automating your Forex trading can be an overwhelming task, but you can choose from this list of the 30 Best Forex Robot Traders to monitor market trends, automate trading activities, scan for entry/exit positions in markets, and perform calculations and trades based on your preferred parameters.
Forex EAs are not only used by experienced traders and some packages include a free version that can be used with regulated Forex brokers. Expert Advisors are usually plugged into popular trading platforms, such as MetaTrader and TradeStation.
1000pip Climber System
The 1000pip Climber System is designed to monitor price movements and notifies traders once big movements are detected. All robots are based on accurate calculations and performance results have been verified by myfxbook.
The 1000pip Climber System is entirely automated and rules-based, and the software is suitable for beginners. New traders also receive a user guide with the installation.
Entry and Exit points are automatically detected and Stop Loss and Takeprofit values are determined.
1000pip Climber System Features
- Informative notifications and trading signals
- Complex, advanced algorithms can be used
- Ideal for Forex traders on a budget
- Algorithms have been tested
1000pip Climber System Pros and Cons
|4.7/5 Trustpilot rating||Only customer support channel is email|
|Reasonable prices||Only compatible with MetaTrader|
|Many positive customer reviews|
Algo Signals is partnered with regulated Forex brokers to ensure its transparency and the client’s security. Traders can use demo accounts to test the platform without using any real money, and 3 flexible account types are offered.
Traders are guaranteed that their risks will be minimized, as long as they are using Stop Losses and Takeprofit orders.
Algo Signals is ideal for traders using strategies who want updates in market conditions and signals for profitable entry/exit positions in markets.
Algo Signals Features
- More than 100 signals delivered daily
- Traders can access servers where signal software works optimally
- VPN mode allows for Algo Signals to be set up automatically
- Traders can use the tool fully automated or manually
Algo Signals Pros and Cons
|2% daily profit based on algo signals||Not ideal for small-volume traders|
|Plans designed to align with budgets|
|Positive customer reviews|
Forex Fury is an advanced Forex robot that is compatible with MT5, FIFO and NFA. Risk strategies can be set to low, medium and high and ECN support is provided.
This software works with any MT4 or MT5 Forex broker, most of which are regulated, and clients can trade with any currency pairs, Indices and Crypto assets.
The one-time payment for Forex Fury buys a lifetime membership and minimum deposits start as low as $0 on a demo account and $100 on micro-accounts.
Forex Fury Features
- Can be integrated with Mt4, NFA and FIFO
- Ideal tool for wealth management
- Bots trade for one hour every day based on market volatility
- Low-risk trading strategies are provided
Forex Fury Pros and Cons
|Quick profits in one hour||Bots trade for only 1 hour per day|
|Easy to install and use||No free trial or version available|
|Tested and developed continuously|
|Multiple currency pairs can be traded|
Big Breakout EA
Big Breakout EA is compatible with MetaTrader 4 and 5, and it is ideal for Commodity traders who need indicators on price behavior.
Big Breakout EA performs best when used alongside a Breakout Strategy, and the best entry/exit points will be identified by monitoring Resistance levels.
Traders can monitor price actions and behaviour using advanced tools, while also enjoying the wide range of trading features provided by MetaTrader.
Big Breakout EA Features
- Highly compatible with MetaTrader 4 and 5
- Binary processes are used for decision-making
- Algorithms can be rented on a monthly basis
Big Breakout EA Pros and Cons
|Unlimited features on demo and live accounts||Trading history cannot be verified|
|Many currency pairs to choose from|
|All lot sizes supported|
BinBot Pro’s trading algorithms are designed for Binary Options traders. The trading process is entirely automated when using this software, from researching markets and instruments, to monitoring market trends and providing forecasts on trends.
Bots are provided based on the trader’s budget, profit goals and trading strategies. A Return on Investment of 125% was reported by active traders.
BinBot Pro is fully automated, but traders can manually control trades and trading limits if they choose to.
BinBot Pro Features
- BinBot Umbrella provides a variety of robots for portfolio management
- Software can be integrated with some brokers
- Great customer reviews
BinBot Pro Pros and Cons
|Bots are sed to monitor portfolios||Minimum deposit is high|
|High returns of up to 200%||Other instruments not accommodated for|
|Investments from $0.1 per trade||Customer support cannot be reached telephonically or via live chat|
|Website is user-friendly|
Centobot is a Cryptocurrency robot with a great range of automated trading features and robots are created based on your income goals.
Centobot does not operate with regulated Forex brokers, but advanced indicators are offered and there are robots for each major Crypto coin.
Centobot has received 3 rewards and customer support can be reached via email and live chat.
- Returns as high as 300% have been reported
- Expert CopyTrading robots do all the work
- Micro trading facilitated
- Bot are fully customizable
CentobotPros and Cons
|Ideal for beginners||Only Binary options trading supported|
|Many robots to choose from|
|High returns for existing customers|
Coinrule enables traders to use automated Crypto trading robots and has partnered with more than 10 other Crypto companies to create beginner-friendly trading software.
Traders can choose from 4 types of flexible accounts and can use 12 regulated Cryptocurrency exchanges that are compatible with this plugin, such as Bitstamp, Poloniex, Kraken and Binance.
Coinrule sends free trading signals to subscribers so that strategies can be adjusted. Traders can test bot rules in a real-time market environment to evaluate performance.
- Multiple account options and the option to use a free trial
- More than 130 trading strategies provided
- Comprehensive library of educational material
Coinrule Pros and Cons
|Beginner-friendly||blogs seem outdated|
|Platform is well-developed and professional||Unclear whether Coinrule is regulated|
|Instruction manuals and guides provided|
|Easy to set up|
CryptoRocket accounts have encrypted crypto wallets and this software is designed for private Crypto traders and CFD Forex traders.
CryptoRocket offers a maximum leverage of 1:500 and trades are executed using STP (Straight Through Processing) systems.
Traders have access to all Forex currencies, Metals, Futures, Crypto and Commodities.
- 30 Cryptocurrency pairs offered
- 55 Currency pairs offered
- Compatible with MetaTrader 4
- Web CRM can be used to handle funds
CryptoRocket Pros and Cons
|Flexible payment options||Limited product offering|
|BTC can be used to deposit and withdraw funds|
|Wallets are encrypted|
EA Builder can be plugged into MetaTrader 4 and 5, and TradeStation. Traders have access to automated trading systems with customer arrows, alerts and technical analysis tools.
EA Builder clients have the option to develop indicators and strategies for a wide range of instruments, including ETFs, Futures, Commodities, Stocks, Indices and Forex.
Code generated by EA Builder can be read by humans and a variety of money management tools are offered to protect traders from huge losses.
EA Builder Features
- Compatible with MetaTrader 4 and 5, and TradeStation
- Advanced tools offered
- Arros and alerts can be customized
- Code generated is Human Readable and can be downloaded
EA Builder Pros and Cons
|Educational resources provided||Automated strategies only available for upgraded account|
|Unlimited indicators can be created|
|User-friendly manuals and platform|
|Only one payment for full access|
Flex EA is a multi-feature trading package that works on MetaTrader 4 and 5, with money management features and 12 tested trading strategies to use.
All currency pairs are supported by Flex EA and this product has been verified by Myfxbook.
Flex EA has been rated one of the best Expert Advisors (EA) since 2012 and accommodates all styles of trading.
Flex EA Features
- Rated one of the best trading robots
- Runs on MetaTrader 4, using Virtual Trades
- Robot is built to determine the perfect entry points
Flex EA Pros and Cons
|Regulated by the NFA||Not beginner-friendly|
|3 flexible account types||Website needs to be upgraded|
|Unlimited demo accounts|
Forex Cyborg was built by Professional Forex traders, for professional Forex traders. Traders can choose between Gold and Premium accounts, both of which have 18 bots for 18 currency pairs and unlimited demo licenses.
Premium accounts offer 3 real licenses and this software can be plugged into MetaTrader 4.
Forex Cyborg can be used with Darwinex, which is a regulated Forex Broker.
Forex Cyborg Features
- Return rate increased by 77% using MetaTrader4
- Lifetime updates and support
- 18 currency pairs can be traded simultaneously
- Traders can choose between the Forex Cyborg Gold account and then Forex Cyborg premium account
- Premium account can facilitate trading on multiple accounts
Forex Cyborg Pros and Cons
|Fully automated bots and services||Fee payable for registration|
|Premium packing applies to multiple trading accounts||Not beginner-friendly|
|Demo accounts can be used|
|18 currency pairs supported|
Forex Diamond EA
Forex Diamond EA was founded in 2013 and it is compatible with MetaTrader 4 and 5. This software performs best when using a Signal Strategy, a Countertrend Strategy or a Scalping Strategy.
Forex Diamond EA protects traders against high Slippage and combines it with Spread Protection to assist traders with risk management.
Forex Diamond EA is an advanced self-updating robot that monitors market conditions and always stays updated with market news.
Forex Diamond EA Features
- Competitive pricing to accommodate for all types of traders
- Integrates with MetaTrader 4 and 5
- A unique offering of a 60-day money-back guarantee
Forex Diamond EA Pros and Cons
|More than 10 years of experience||Only one real-money account per license|
|Recovery factor of +40||Currency pairs are limited to 4|
|Test 3 strategies proven to increase returns|
Forex Gump EA
Forex Gump supports 9 major currency pairs and 2 subscription options that can be used on low, medium or high settings. This software has been tested for two years and payment methods accepted are PayPal, Visa and Mastercard.
No education resources are provided and there is no free trial, but a 30-day money-back guarantee is given.
Forex Gump EA Features
- Accounts range from $40 to $40,000
- Settings for trading are High, Middle and Low
- 9 Major currency pairs supported
Forex Gump EA Pros and Cons
|Operational 24/5||Currency pairs are lacking|
|Userfriendly platform and bots||100:1 Leverage might be required for optimal performance|
|Focuses on market evaluation and implementation|
Forex Trendy is an easy-to-use currency pair scanning tool that can scan all pairs to detect favourable market trends.
Traders are notified by trading alerts and via email, and the interface is user-friendly with a bird’s-eye view of timeframes and Forex trends.
Forex Trendy provides advanced trend and pattern recognition software and traders have access to live charts, expert algorithms and trading signals.
Forex Trendy Features
- Live charts of timeframes and trending currency pairs
- Interactive charts with auto analysis features
- Performs based on price action
- 306 charts can be generated based on 34 currency pairs
Forex Trendy Pros and Cons
|60-day money-back guarantee||No indicators are used|
|User-friendly interface and design||No trial version provided|
|Software is easy to install|
FX-Agency Advisor is a trading robot that can be used to analyze market trends, switch between timeframes, monitor crossovers and set up alerts and trading signals.
In comparison to other trading suites, the features of this package seem limited, offering only the basics such as Bonds and Stocks, and risk management tools that can be used with alerts and notifications.
No free version is offered by a one-time fee of $549 is payable.
FX-Agency Advisor Features
- Multi-asset trading software, including Metals, Stocks and Futures
- Momentum and Trend filters can be customized
- All currency pairs can be monitored simultaneously
- Simplistic layout
- Compatible with many devices, as well as MT4
FX-Agency Advisor Pros and Cons
|Chart period can be changed||No free version|
|Bird’s eye view of trading instruments||Traders must pay to access the software|
|Beginner-friendly, easy to read tables|
|Audio alerts and signals|
FX Classic Trader EA
Only one currency pair can be traded, namely the EUR/GBP, and a deposit of $200 is required.
FX Classic Trader EA guarantees fixed Takeprofits and indicators can be used on 3 flexible packages with reliable strategies and customer support.
FX Classic Trader EA Features
- Maximum leverage of 1:500
- Flexible account options for personal, business and premium users
- User-friendly output, with charts, tables and reports
- More than 2,000 happy clients
FX Classic Trader EA Pros and Cons
|Risk limitation features||No fixed Stop Losses|
|Automated trading with MT4||ECN not supported|
|Robot runs on any broker||No free trial|
|Money management tools included|
FX Master Bot
FX Master Bot can be used with many regulated Forex brokers. This software uses an advanced algorithm that monitors thousands of Forex and Crypto markets, every second of the trading day.
FX Master Bot’s Automated Mode can be used so that entry and exit points do not have to be placed manually.
Trading signals are given throughout the day and traders are alerted when potentially profitable opportunities arise.
FX Master Bot Features
- 17 major currency pairs offered
- 5 cryptocurrencies offered
- Parameters can be set for FX MasterBot to make decisions on your behalf
FX Master Bot Pros and Cons
|Great reputation and positive reviews||No demo accounts offered|
|Automated trading solutions|
|Withdrawals are user-friendly|
FX Pattern Pro
FX Pattern Pro can make future predictions with an accuracy of 95.86% and the robot can adapt to all types of market conditions. Trading indicators can be customized and trading signals are easy to understand.
FX Pattern Pro offers incredibly sophisticated and accurate trading algorithms with reliable buy/sell signals, timeframe views and 3 types of signal alerts, which cater to the needs of all styles of trading.
FX Pattern Pro purchases come with several bonus courses on increasing website traffic using SEO and social media and uses advanced RCTPA technology.
FX Pattern Pro Features
- One-time fee for indicators, Telegram signals and 13 robots
- Tools are designed to show favourable entry and exit points
- Robots can be plugged into charts
- Focus on buy/sell signals and take profits
FX Pattern Pro Pros and Cons
|beginner-friendly||No refunds offered|
|Installs in 5 minutes||One trading account per license|
|Forex tutorials provided to beginners||No free trial|
|No monthly fees|
Ganon Forex Robot
The Ganon Forex robot is popular amongst trend-based strategy traders. The bots are designed to predict big trend movements using the proprietary Strand Theory code used by the developers.
Research conducted by Ganon suggests that trading robots have generated more than $98,277 in April 2021.
Ganon offers a free Forex robot with many advanced and innovative tools and features, and the website is easy to use.
Ganon Forex Robot Features
- Customizable features
- Trading modes can be changed depending on trading volume and frequency
- Settings are optimized for all currency pairs
- Integrates with MetaTrader 4
Ganon Forex Robot Pros and Cons
|Easy installation||Essential information about the system used is not disclosed|
|Customer settings can be implemented||Customer support is lacking|
|Strategy guides can be used with bots|
|Ideal choice for expert traders|
GPS Forex Robot
The GPS Forex robot thrives under any market conditions and aims to predict short-term price movements with high-profit probabilities.
This bot is not based on the Martingale strategy and guaranteed Stop Losses are provided.
Primary parameters can be customized and the GPS Forex robot uses trailing Takeprofits.
A one-time fee of $149 is payable and payment options are flexible. Happy customers have given many positive reviews.
GPS Forex Robot Features
- Robot designed for trend trading, Stop and Reverse, and Martingale
- Can be used with FP Markets and several other brokers
- Traders can choose their own trading strategies and indicators
GPS Forex Robot Pros and Cons
|Compatible with MetaTrader||No free version|
|60-day money-back guarantee||Only 4 Forex pairs|
|Fixed Stop Losses and Takeprofits|
|Simple and easy installation|
Hamster Scalping is a night scalping trading tool that uses RSI indicators to alert traders when to enter and exit markets. This is a low-risk trading bot that performs best when sued with the EURUSD currency pair.
Settings on the Hamster Scalping platform can be configured to different currency pairs and Stop Losses are provided to protect investors.
The software is plugged into the platform you are using with your Forex broker.
Hamster Scalping Features
- Can be configured to trade with multiple currency pairs
- Automated trading generates passive income
- An affordable option for low-budget traders
Hamster Scalping Pros and Cons
|Demo accounts offered||Initial deposit is high|
|Risk management tools offered||Vague company history|
|Bots priced at $30|
Happy Frequency EA offers two types of packages, each with a 30-day money-back guarantee and 24/7 customer support.
Happy Frequency EA has developed several advanced Expert Advisors to cover all aspects of trading.
Traders have access to an innovative indicators package and more than 100 countries have access to the Happy Frequency EA software.
Happy Frequency Features
- Strategies can be used with news feed to monitor volatile economies
- Forex pairs include USDCAD, EURUSD, EURGBP, EURJPY, EURCHF, GBPUSD, AUDUSD, USDCHF and USDJPY.
- 12 advanced trading robots to choose from
- 30-day money-back guarantee
Happy Frequency Pros and Cons
|Multiple currency pairs||Runs 24 hours a day, drains resources|
|Reliable customer support||No free version|
|Can be integrated with MetaTrader 4|
|Fast server execution speeds|
Learn 2 Trade
Learn 2 Trade provides a beginner-friendly platform that also provides advanced tools and features for more experienced traders. Forex traders receive trading signals and day-trading courses.
In 2019, a success rate of 92% was recorded from 2,560 active traders and the average success rate is 92% for day traders.
Learn 2 Trade offers flexible account options and a 30-day money-back guarantee.
Learn 2 Trade Features
- Real-time signal notifications and alerts on trade actions
- Freat collection of educational tools and resources for beginners and professionals
- Users can trade with all Forex and Cryptocurrencies
Learn 2 Trade Pros and Cons
|More than a decade of industry experience||Other markets do not have trading signals|
|Signals can be delivered via Telegram, email or telephonically||No CFDs|
|High success rate|
|Professional brokers can provide advice|
Odin is an innovative trading robot that uses advanced grid strategies and Broker Shield technology to secure trading accounts. Robots are programmed for 22 currency pairs and risks can be managed using Stop losses and Takeprofits.
- Compatible with MetaTrader 4
- Pre-loaded with common settings for currency pairs
- Rated one of the best bots for expert traders in 2021
- Real-time chart prices plotted to determine favourable positions
Odin Pros and Cons
|Demo accounts can be used||Difficult to find support|
|Robots are fully automated||Some clients report high losses|
|Set up is simple and user-friendly||Poor ratings from FPA|
Premium FX Signals
Premium FX Signals offers risk management tools and automated trading robots with parameters that can be controlled manually.
Premium FX Signals prioritizes protecting traders from risks and trading tips are sent with every trading signal.
Premium FX Signals has automated the process of entering/exiting markets, and signals traders when trades should be closed during volatile market conditions.
Premium FX Signals Features
- Software can only be used for Forex and Crypto
- Advanced fin-tech used for transparency, accuracy and security
- Great range of currencies to trade with
Premium FX Signals Pros and Cons
|Risk management is encourage||3rd-party trade signals|
|Reliable Forex trading signals||No broker services|
|Signals are easy to understand||Text messages for US citizens only|
The Pure Martingale robot is an automated trading algorithm that uses buy/sell entry positions at random points based on the theory that trading on 50% profitability allows traders to regain what was lost.
For investors who are comfortable with trading this way, the Pure Martingale robot provides customizable dashboards and parameters to improve the trading experience.
Some traders argue that this strategy is not profitable and can generate large losses over the long term, so beginners should not attempt to use this model of trading.
Pure Martingale Features
- Compatible with MetaTrader 4
- Installation is quick and user-friendly
- Website is well-developed and professional
Pure Martingale Pros and Cons
|Software can be downloaded for free||Difficult to test scenarios|
|Independent results||Difficult to set up Stop Losses|
|Many currency pairs supported|
|Results can be refined with customized entries|
TradeMiner examines technical indicators and relates them to charts. Traders buy options instead of Stocks, allowing them to buy the right to sell or buy a currency pair without being obligated to do so. This strategy is based on catching the right Strike Price or Set price, on a specific day.
TradeMiner provides seasonal packages that are designed based on supply/demand and the cycles of Commodities.
Traders are provided with TradeMiner educational videos and tutorials to get them started with the software.
- Strategies are based on the historical data of instruments
- Developed by Geck Software
- Advanced research tools with powerful performance
TradeMiner Pros and Cons
|Customizable settings||Not a trading system|
|Advanced graphs||Very low refund rates|
|30-day money-back guarantee|
|Educational resources provided|
Vader is a Forex robot that uses the Fibonacci Replacement trading strategy. A total of 20 currency pairs can be traded with and trading bots have been developed for the major currency pairs.
However, despite recent marketing campaigns and advertising for Vader, clients are disappointed in their results, customer services seem unresponsive and tools and features are not being developed or improved.
- Comes with preloaded settings to perform optimally with 20 currency pairs
- Equipped with 30 features that enable traders with automated trading strategies
- All aspects of Forex are handled automatically, from start to finish
Vader Pros and Cons
|Charts can be controlled automatically||Trading results cannot be verified|
|Demo accounts available||Overbought-oversold re-entries|
|Fully automated bots|
|Drag and drop install|
Wallstreet EA has invested 2,000 hours into developing a Broker Spy Module to prevent negative slippage and avoid high spreads. This software can be used to monitor the funds that Forex brokers are charging traders.
Wallstreet EA has designed specialized Exit Trading logic for algorithms and the profit protection system is under continuous development.
A total profit of $165,000 has been generated using Wallstreet EA and 80% of trades are wins.
- Updates to the systems and robots are posted on the website
- Broker protection Systems and advanced money management services
- Time management tools and profit protection features
Wallstreet Pros and Cons
|Professional and user-friendly website||Unclear whether it is regulated|
|Flexible account packages||Profits are not guaranteed|
|4 robots for the price of 1||Prices may be high for some users|
|Exceptional product offering|
X Trend Premium
X Trend Premium offers traders an opportunity to detect trends and identify high-profit trading opportunities, using advanced and sophisticated trading algorithms.
All major currency pairs are supported by X Trend Premium and the bot operates in real-time conditions.
New clients are supplied with X Trend Premium user guides, full-time customer support and reliable trading signals.
X Trend Premium Features
- Smaller investments for more profits in shorter timeframes
- Only one trading account is allowed per person
- Demo accounts can be converted into real account once traders are satisfied with results
- Takeprofit levels are generated based on automated market condition analysis
X Trend Premium Pros and Cons
|30-day money-back guarantee||Software cannot be used offline|
|Flexible payment options||Account creation may be time-consuming|
|Advanced tools and features provided||Not to be confused with XTrend the Forex broker|
|No monthly fees||The option to buy the software appears many times|
Choosing a trading EA depends on your trading strategy, your level of experience, your income goals and budgets, and the purpose of using an Expert Advisor. Expert Advisors use algorithms that perform based on calculations and historical data, usually to predict future price movements and detect profitable trading opportunities. Using one of the 30 Best Forex Robot Traders will significantly increase your productivity and chances of success.