Top Forex Brokers with API 2023
For this list, we searched and tested several Forex Brokers with API.
To select the best forex brokers with API we opened real accounts and deposited between $4 000 – $8 000 for each account. We placed real trades in each popular market and tested different brokers’ features and offerings, in order to get the actual picture about their performance.
Also, we contacted the customer support team, to test their dedication and ability of solving the issues clients face during the trading.
We handpicked the best Forex Brokers with API based on our trading data and experience as a trader.
What is Forex API trading?
API or Application Programming Interface represents a set of tools, data, protocols to build application software. In financial market trading APIs are used to bridge algorithms of automated trading and the broker that the trader has chosen. APIs play an essential part to implementing an automated trading strategy. Recently, APIs have become increasingly popular which is due to the growth of automated trading systems.
|Trading Platform||Programming Language|
|🖥 MetaTrader 4 (MT4)||MLQ4|
|💻 MetaTrader 5 (MT5)||MLQ5|
|📱 NinjaTrader 8||C#|
Among the most popular brokers that support API access in the traditional stock and futures markets are the following:
- TD Ameritrade
- Interactive Brokers
Anyway, there are also smaller forex brokers with API that have developed access over time. Generally, APIs are more frequent among forex brokers that for many years have used and offered third-party applications and trading systems, like MetaTrader.
Forex High Frequency Trading Broker with API
High-frequency trading enters and exits positions in a matter of split seconds, by using sophisticated algorithms and high technology. Though the actual profits in each trade may be insignificant (usually in cents), the overall profit is based on a larger number of executed trades. To facilitate high-frequency, the brokers have to provide VPS and allow scalping.
We have picked several high frequency trading forex brokers with API:
- GO Markets
- CMC Markets
Best Forex Brokers with API
For this review we have tested a number of forex brokers with API. We have placed real trades in each popular market and analyzed different features and offerings of each of the brokers.
Based on our tests we have chosen the following best forex brokers with API:
- Interactive Brokers
Best Overall Broker with API for Forex Trading
We have picked OANDA as the best overall forex broker with API.
OANDA was founded in the US in 1996. In the last few years the broker has grown considerably, expanding to the USA, Canada, UK, Japan, Singapore and Australia.
There are a number of advantages that make OANDA the best overall forex broker with API. First, the broker is heavily regulated by CFTC, NFA, FCA, MAS, ASIC, IIROC. Customers’ funds are kept in top tier bank accounts. They are fully segregated, also, protected by the negative balance protection.
OANDA offers only one standard type of trading account. Yet, the clients that deposit a minimum $50K, become a Premium client and get tighter spreads and better offerings. OANDA offers an advanced range of instruments in Forex and CFD trading, currency pairs, indices, commodities, bonds and metals, futures trading, commodities futures.
As to the trading platforms, OANDA offers its proprietary platform Oanda Trade. Yet for those clients who prefer MetaTrader 4, OANDA gives them the opportunity to perform their trades through the MT4 platform.
Best Forex Trading API Broker for Beginners
We picked IG as the best forex broker with API for beginners.
IG is well-regulated and holds a number of licenses, such as FCA, ASIC, CFTC, DFSA, etc. The broker offers a range of instruments across all the markets: currency pairs, commodities, indices, stocks, financial spread betting (available in the UK and Ireland).
The costs offered by IG are considerably low across all the markets. The broker offers a selection of trading platforms, and traders can choose the one that is the best for their trading goals. IG is considered a suitable forex broker with API for newbie traders. It offers an excellent education section, with an abundance of tutorial videos and webinars. IG also offers a Demo account.
Best API Trading Platform Forex Broker
We picked Interactive Brokers as the best trading platform forex broker with API.
Interactive Brokers started in 1977. Interactive Brokers or IB conducts its broker or dealer business on over 120 world market destinations. It is considered one of the largest trading providers worldwide. Interactive Brokers is highly and very heavily regulated by the international regulatory bodies: US SEC & CFTC, ASIC, FCA.
Interactive Brokers offers trading with Stocks, Futures, Forex, CFDs, Warrants, Combinations, Bonds, Mutual Funds, Structured Products, Physical Metals, Inter-Commodity Spreads.
The broker offers different account types: Individual, Joint, Trust, IRA and UGMA/UTMA Accounts. The technological solutions of Interactive Brokers are on the highest level. It offers a number of unique mobile and web trading platforms: Desktop TWS, IBKR Mobile app, QuickTrade, IB WebTrader.
Best Low Spread Forex Broker using fix connection API
We picked Forex.com as the best low spread forex broker with API.
Forex.com is a well-regulated forex and CFDs broker. It offers a great number of instruments across all the markets. Forex.com offers three main account types: Standard, DMA, Commission.
The broker offers MT4 and MT5 trading platforms. MT5 platform is available only to the traders outside of the USA. MT4 platform includes all the main tools to conduct favorable trading.
Forex Brokers that offer API List
We have created a list of the forex brokers with API. For this, we opened real accounts, deposited money, so that to test the conditions and offerings of each of them and include in our list the best forex brokers with API.
|Forex Broker||Trading Platforms||API Trading||Our Review|
|FxPro||MT4, MT5, cTrader, FxPro EDGE||Yes||FxPro Review|
|Admiral Markets||MT4, MT5||Yes||Admiral Markets Review|
|BlackBull Markets||MT4, MT5||Yes||BlackBull Markets Review|
|GO Markets||MT4, MT5||Yes||Go Markets Review|
|XM||MT4, MT5||Yes||XM Review|
|FXTM||MT4, MT5, FXTM Trader||Yes||FXTM Review|
|Vantage FX||MT4, MT5||Yes||Vantage FX Review|
|ICM Capital||MT4, MT5, cTrader||Yes||ICM Capital Review|
|ThinkMarkets||MT4, MT5, ThinkTrader||Yes||ThinkMarkets Review|
|Amana Capital||MT4, MT5||Yes||Amana Capital Review|
|FP Markets||MT4, MT5, IRESS||Yes||FP Markets Review|
|AxiTrader||MT4||Yes||Axi (AxiTrader) Review|
FAQ and More on Online Forex Trading API
Traders often have many questions related to generic trading-related queries about Forex Brokers with API. We’ve picked some of the most important ones and provided answers to them.
Forex Trading API free
Most APIs are provided to traders free of charge. Still, this largely depends on the broker and conditions one chooses. There are a number of forex brokers with API that may charge certain fees for API trading. Thus, while choosing a broker, it is essential to pay attention to the conditions the broker offers and understand the fees before starting to trade.
US Brokers with APIs
There are many brokers in the US with different offerings and different degrees of reliability. For this review we have tested a number of US forex brokers with API to choose the most favorable brokers with the best offerings. You can read more about the Best Forex Brokers USA.
Based on our tests we have chosen the following US forex brokers with API:
Author of this review
By George Rossi
Author of this review
I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.
Now I am passionate about reviewing and comparing forex brokers.
Everything you find on BrokerTested is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology