Best Forex Trading Robot for Android 2023
For this list, we have found and tested several forex brokers with trading robor for Android.
To select the best forex brokers with algorithmic trading we opened real accounts with deposits between $4,000 and $8,000, then placed real trades in each popular market to get the full picture. We also contacted the customer support team to evaluate the services they provide.
We picked out the best forex brokers for trading robot with Android based on our trading data and experience as a trader.
What is Trading Robot for Android?
A forex trading robot is a colloquial term for algorithmic trading. It is a way of trading using a special computer program that determines when exactly to buy or sell an asset. This process is fully automated and integrated with forex brokers. Forex trading robot for Android is a mobile app for Android mobile operating system.
- Forex robot trading software are platforms generating trading signals.
- Most of the robots are built with MetaTrader using MQL language.
- Automated trading software ae typically built with a special software interface (APIs)
- There is no specific trading robot built for Android only but for special platforms like MT4 or cTrader that can be installed on Android.
- Due to limited screen size and devise processing power Android mobiles are mainly used as extra monitoring devices.
Here are some of the most popular apps for trading robot on Android:
|🖥 MetaTrader 4 (MT4)
|💻 MetaTrader 5 (MT5)
|📱 NinjaTrader 8
Free Trading Robot for Android
Simple robots might be available for free use, but more sophisticated ones are usually sold in the marketplace and depend on the platform traders are willing to use.
It is of utmost priority to backtest and verify robots, and no need to rely solely on robots trading you just got from the marketplace since this increases the risks of losing dramatically.
Based on our experience we picked some of the best free trading robots for Android:
- EA Pros
Best Brokers with Trading Robots on Android
To come up with this list, we have reviewed and tested several forex brokers with trading robot for Android. We have opened live accounts with real money deposited. Then we placed real trades to evaluate spreads, offerings, and trading conditions.
- BlackBull Markets – Best Broker with Trading Robot for Android Overall
- XM – Best Beginners Forex Trading Robot App for Android
- IC Markets – Best Free Forex Robot for MT5 Android
- FxPro – Best Free Forex Robot for MT4 Android
- Admiral Markets – Best Low Spread Broker with Forex Trading Robot for Android
Best Broker with Trading Robot for Android Overall
We picked BlackBull Markets as the best forex broker with trading robot overall.
Founded in 2014, BlackBull Markets is a global Forex and CFD broker licensed in New Zealand and Seychelles. The broker’s offerings include forex, indices, stocks, and commodities.
BlackBull Markets is the perfect venue for traders who want to automate their investing using Expert Advisors and robots. The company offers access to top trading platforms: MT4 and MT5, as well as MyFxbook and ZuluTrade social trading platforms.
Some robots are free of charge on MT4 but to get access to more sophisticated ones yo will need extra subscription.
Best Beginners Forex Trading Robot App for Android
We chose XM as the best forex trading robot app for Android.
Founded in 2009, XM is a leading provider of trading services for beginners with its excellent library of educational resources; it is the perfect choice if you are just starting out in this industry. The automated features that come alongside their package also make it one of the best brokers.
The broker offers trading services with forex and CFDs of indices, stocks, and commodities. It provides trading on MT4 and MT5 which are deemed as the industry standard. The broker allows trading with EAs, as well as offers VPS.
Best Free Forex Robot for MT5 Android
We picked IC Markets as the best free forex broker with trading robot for Android.
IC Markets is Sydney-headquartered Forex and CFD trading broker holding its licenses in Australia, Cyprus, Seychelles, and the Bahamas. The broker is quite popular across the globe due to its versatile offerings in forex pairs, indices, stocks, commodities, and cryptocurrencies.
IC Markets offers excellent trading conditions on three top trading platforms: MT4, MT5, and cTrader. The broker is also famous for its high leverage up to 200:1.
The broker doesn’t have any limitations on trading strategies, it even offers free VPS, but charges a $20 fee.
Best Free Forex Robot for MT4 Android
We picked FxPro as the best free forex trading robot for Android on MT4.
FxPro offers excellent services when it comes to forex trading and CFDs of indices, stocks, commodities, and cryptocurrencies. The broker was established in 2006 and is regulated in the UK, Cyprus, South Africa, and the Bahamas.
FxPro offers over 273 tradable instruments on MT4. The broker doesn’t have any restrictions on strategies and offers VPS with a $30 charge.
Some robots are free of charge on MT5 but to get access to more sophisticated ones yo will need extra subscription.
Best Low Spread Broker Automated Forex Trading Robot for Android
We picked Admiral Markets as the best forex broker with trading robots for Android with low spreads.
When it comes to spreads and trading fees, Admiral Markets offers the best solutions; its spreads are lower than the industry average with only 0.6 pips for EUR/USD currency pair as compared to the industry average of 1.6 pips.
Though the basic Admiral Markets account type does not charge any commission, higher-tier accounts charge trading fees but have tight spreads. The broker does not charge any additional non-trading fees.
The broker allows traders to run EA on both MT4 and MT5.
List of Brokers suitable for Robot Trading on Android
Apart from the forex brokers with algorithmic trading above, here’s a full list of the best forex brokers with trading robot for Android.
|Admiral Markets Review
|MT4, MT5, cTrader, FxPro EDGE
|Go Markets Review
|MT4, MT5, FXTM Trader
|MT4, MT5, cTrader
|ICM Capital Review
|MT4, xStation 5, xStation Mobile
|MT4, MT5, R Trader
|RoboMarkets (RoboForex) Review
|MT4, MT5, cTrader
|MT4, MT5, FBS Trader
|MT4, MT5, cTrader
|IC Markets Review
|MT4, MT5, ThinkTrader
|MT4, MT5, IRESS
|FP Markets Review
|Amana Capital Review
|MT4, Next Generation Platform
|CMC Markets Review
|Vantage FX Review
|Axi (AxiTrader) Review
FAQ and More on Online Forex Trading API
Traders usually have many questions related to generic trading-related queries. We tried to pick and answer some of the most important queries related to forex brokers with trading robot for Android.
EA Robot Forex Android
Expert Advisors are special trading software that prompt traders on when to place trades. Both MT4 and MT5 support integrated EAs for automated trading, as well as support EAs for Android devices too. For more info read our article on EAs.
Here are some of the most popular EA Robots for Android:
- Alfa Scalper
- Forex Robotron
Trading Robot for Binary Options and Forex Android
Even though there might be some robots for Binary Options we do not recommend using them same as the majority of world Forex regulators due to high risks and lack of transparency.
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