With the best automated trading platforms in the UK, there is no need for you to manage your trades manually. Instead, the automated software will take over the processes and open a position where there is profit potential. Sounds like something that would suit you? Then check out our recommendations of trading platforms below.
Essence
- Automated trading employs pre-defined algorithms for precise trade execution, enhancing efficiency and eliminating emotional biases in decision-making.
- Platforms like MetaTrader or integrating APIs with a broker’s system offer accessible ways to engage in automated trading, providing diverse avenues for automation.
- Automated trading delivers benefits like emotion-free trading, faster execution, enhanced efficiency, and improved risk management through systematic strategies.
- Platforms like MetaTrader facilitate automated trading via tools like Expert Advisors, allowing traders to automate strategies based on predefined rules.
- Opt for automated trading platforms associated with brokers regulated by reputable authorities, ensuring legitimacy and added security in trading endeavours.
- At TradingGuide, we only recommend automated trading platforms approved by our experts and highly reviewed by users.
List of the Best Automated Trading Platforms in the UK 2024
- Pepperstone – Best Automated MT4 Trading Platform in the UK
- XTB – Best Automated CFD Trading Platform
- FP Markets – Best Automated Forex Trading Platform
- AvaTrade – Overall Best Automated Trading Platform in the UK
- FxPro – Best Automated Trading Platform For Advanced Traders in the UK
How We Choose Automated Trading Platforms
At TradingGuide, our dedication lies in aiding traders navigate automated trading by offering insights into the finest platforms available. Our approach is thorough and systematic, ensuring our recommendations meet stringent reliability, performance, and user experience standards.
We start by identifying as many automated trading platforms as possible across the UK market. We then assess their reputation, track record, and regulatory compliance to ensure only reputable and trustworthy platforms make it onto our radar.
Once we have compiled a list of potential options, we take a hands-on approach by signing up for trading accounts on the brokers’ demo platforms. This allows us to thoroughly evaluate features such as speed, reliability, ease of use, and customer support responsiveness. We aim to ensure that our recommended platforms offer our readers a seamless and comprehensive trading experience.
We supplement our research findings with user testimonials from Google Play, the App Store, and Trustpilot to remain unbiased. Furthermore, we remain committed to continuously updating our list and providing additional learning resources to keep our users informed and empowered in their trading endeavours.
In this guide
Automated Trading Platforms in the UK
- List of the Best Automated Trading Platforms in the UK 2024
- Compare Best Automated Trading Platforms in the UK
- Brief Overview of Our Recommended Automated Trading Platforms Fees and Assets
- What Do Other Traders Say?
- How Does Automated Trading Work?
- What Are the Benefits of Using an Automated Trading Platform in the UK?
- Disadvantages of Automated Trading Platforms
- How to Get Started with an Automated Trading Platform
- How to Choose the Right Automated Trading Platform
- Registering a Futures Trading Account Online
- What is an Automated Trading System?
- FAQs
- Conclusion
Compare Best Automated Trading Platforms in the UK
Our research on the best automated trading platforms in the UK was time-consuming. However, we couldn’t have conducted this research any other way because we are confident that our recommendations are the best.
What differentiates our research procedures from other researchers’ is that we not only base our findings on brokers’ metrics such as licence and regulations, trading platforms, charges, commissions, and more. Instead, our team combine the test results with over 160k honest customer reviews from Google Play, Trustpilot, and App Store. Below is an example of the rating results we got from customer reviews.
Compare brokers
Brief Overview of Our Recommended Automated Trading Platforms Fees and Assets
Finding the right automated trading platform that suits your preferences and aligns with your financial goals is crucial. In the table below, we present essential details regarding fees and available assets across our recommended automated trading platforms. Feel free to compare them to gain more insights that will help you make informed decisions.
Fees
| Best Automated Trading Platform | Fees | Minimum Deposit Requirement | Transaction | Inactivity |
|---|---|---|---|---|
| Pepperstone | From 0.0 pips | £0 | Free | None |
| XTB | From 0.1 pips | £0 | Free | £10 monthly |
| FP Markets | From 0.0 pips | £100 | Free | None |
| AvaTrade | 0.03 pips | £100 | Free | £50 quarterly |
| FxPro | From 0.0 pips | $100 | Free | $15 once + $5 monthly |
Assets
| Best Automated Trading Platform | Forex | Stocks | Commodities | ETFs | Options |
|---|---|---|---|---|---|
| Pepperstone | Yes | Yes | Yes | Yes | No |
| XTB | Yes | Yes | Yes | Yes | Yes |
| FP Markets | Yes | Yes | Yes | Yes | No |
| AvaTrade | Yes | Yes | Yes | Yes | Yes |
| FxPro | Yes | Yes | Yes | Yes | No |
1. Pepperstone – Best Automated MT4 Trading Platform in the UK
We tested Pepperstone and it amazed us with its astonishing automated trading features on its MT4 platform. We explored quality charting tools, expert advisors, and copy trading, which makes us highly recommend it for all types of traders. Plus, this platform allows its traders to buy their preferred EAs and backtest new strategies with a robust trading simulator. And besides the MT4 platform, we discovered additional options with quality resources to help with market analysis and strategy development. These include cTrader, MT5, and TradingView platforms.
Pepperstone hosts over 1,200 CFD instruments, including forex, shares, commodities, cryptocurrencies, and more, which you get to trade at low commissions and spreads starting from 0.0 pips on its Razor account. Moreover, there is no minimum deposit requirement, and all transactions are free. This attracts all types of traders, including day traders and budget-conscious ones. We also like the platform’s user-friendly interface, fast trade execution speed, Quick Switch feature, customisable watchlists, and more. You can test it using its demo account to confirm these elements and decide whether it’s worth committing to.
✔ No dealing desk intervention
- Users are allowed to build and buy EAs
- Powerful trading simulator for backtesting strategies
- No minimum deposit requirement
- Free deposits and withdrawals
- Zero inactivity fees
- Limited financial products compared to its peers
- You can only trade the assets as CFDs and spread betting
| Type | Fee |
| Minimum Deposit | $200 |
| Withdrawal fee | $0 |
| Deposit fee | $0 |
| Inactivity fee | No |
| Account fee | No |
2. XTB – Best Automated CFD Trading Platform
If you are looking for a reliable automated CFD trading platform, we highly recommend XTB. From our analysis and experience, this broker hosts over 5300+ instruments and implements swift trade execution. Its user-friendly interface and zero minimum deposit complement the platform’s robustness. We also like that XTB offers users competitive interest rates on uninvested funds. You will earn up to 5.2% for GBP, 3.8% for EUR, and 5.0% for USD. This feature enables traders to earn passive income while engaging in automated CFD trading strategies.
We enjoyed automated trading at XTB’s xStation 5 and xStation Mobile platforms. The automated trading system (ATS) supports API connectivity for seamless automation. Although we did not discover any third-party platforms at XTB, its unique resources gave us an efficient market analysis experience for solid strategies. Plus, there are adequate learning materials for newbies and a reliable 24/5 support service to cater to your needs.
✔ Wide range of global markets
- A user-friendly and customisable trading platform
- Lists over 5,800 CFC instruments to explore
- No minimum deposit requirement for UK clients
- Excellent selection of unique learning and research materials on its xStation 5 and xStation Mobile platforms
- No third-party platforms like the MT4/5
- Withdrawals below £50 attract a fee
| Type | Fee |
| Opening an account | $0 |
| Account type: Standard: spread | 0.5 |
| Account type: Swap Free: spread | 0.7 |
| Forex | From 0.1 pips |
| Stock CFDs commission | 0% |
| ETF CFDs | 0% |
| Crypto commission | From 0.22% |
| Monthly Fee for maintaining an Account | Free of charge or up to 10 EUR |
| Withdrawal fee | $0 |
| Deposit fee | $0 |
3. FP Markets – Best Automated Forex Trading Platform
Forex trading has been made easy at FP Markets, thanks to the availability of various advanced trading platforms. From our analysis, FP Markets has a superior Autochartist tool available on its MT4 and MT5 platforms. Note that these are among the most sought-after platforms by forex traders, and with this tool, you can quickly identify trading opportunities and make a move that could potentially bring about profits. All you have to do is download and install the Autochartist tool to receive email and mobile app notifications for informed decisions.
We discovered more than 70 currency pairs at FP Markets,, including shares, metals, bonds, futures, and more, which you can trade at low spreads from 0.0 pips. Additional 10,000+ CFD instruments are also offered for your portfolio diversification. We also like that FP Markets features elements suitable for both new and professional traders. While newbies will enjoy a vast selection of learning materials and a demo account. In contrast, professionals have access to advanced resources like Expert Advisors and more. All these are offered with a minimum deposit requirement of £100.
✔Accounts can be opened fast and easy
- Low minimum deposit requirement for UK clients
- Free deposits and withdrawals
- Hosts an Autochartist tool with amazing automated trading features
- Numerous currency pairs and additional asset classes to explore
- No buying and taking ownership of the underlying asset
- No price plans
| Type | Fee |
| Minimum deposit | $100 |
| Overnight fee | $0 |
| Deposit fee | $0 |
| Withdrawal fee | Depends on payment method |
| Inactivity fee | $0 |
4. AvaTrade – Overall Best Automated Trading Platform in the UK
We’ve tested AvaTrade and find it the best for any type of trader, whether new or professional. For starters, we find its interface user-friendly with a fast trade execution speed. Its vast selection of learning materials and a demo account make it easier for new traders to get familiar with the currency market. Note that AvaTrade’s automated trading feature is on its DupliTrade platform. Here, you will follow the most experienced traders and have the platform automatically mirror positions with increased profit potential on your behalf.
Since the DupliTrade platform has a high minimum deposit requirement of £2,000, it might limit low-budget traders. Fret not, though, for the broker hosts a ZuluTrade platform, which is also automated with cutting-edge features. The ZuluTrade has a minimum deposit requirement of £200 and a fast trade execution speed. Overall, AvaTrade hosts over 1,250 CFD instruments, which you can trade at low fees. They include forex, shares, commodities, cryptos, options, and more.
✔ Quick deposits and withdrawals
- Low minimum deposit requirement of £100 to access AvaTrade’s regular trading platform
- A user-friendly and modern-design platform
- Excellent third-party trading software like MT4 and MT5 are available
- Compatible with desktop and mobile devices
- Higher inactivity fee of £50 quarterly than its peers
- The Duplirade platform has a minimum deposit requirement
| Type | Fee |
| Minimum Deposit | £100 |
| Inactivity Fee | USD Account: $50 EUR Account: €50 GBP Account: £50 |
| Administration Fee | USD Account: $100 EUR Account: €100 GBP Account: £100 |
| Deposit Fee | $0 |
| Withdrawal Fee | $0 |
5. FxPro – Best Automated Trading Platform For Advanced Traders in the UK
In our comprehensive analysis, we consider FxPro the best automated trading platform for Advanced Traders in the UK. This is primarily because of the broker’s commitment to user-friendly interfaces, encompassing MT4, MT5, cTrader, and FxPro Web. Trading with such platforms ensures a seamlessly automated trading experience. We also noted FxPro’s fast order execution speed, which we believe is pivotal to swiftly capitalise on market opportunities.
We traded thousands of CFD assets at FxPro, including forex, shares, indices, commodities, and more. The best element about this broker is that all trades are commission-free, and you only incur low spreads, starting at 0.6 pips. There are also substantial leverage limits with this platform, reaching up to 1:500 for professional clients. A modest minimum deposit requirement of £100 enhances accessibility for traders with varied backgrounds. Overall, FxPro’s provision of comprehensive tools significantly augments the automated trading experience.
✔ Trustworthy broker
- A highly encrypted and regulated automated trading platform in the UK
- Low minimum deposit requirement
- Reliable 24/5 support service
- Quality advanced trading tools on cTrader, MT4, and MT5 platforms
- Limited asset offerings compared to its peers
- Its learning resources availability can be improved
| Type | Fee |
| Minimum deposit | $100 |
| Withdrawal fee | $0 |
| Inactivity fee | $15 once + $5 monthly |
What Do Other Traders Say?
Following an extensive analysis of user reviews and ratings, here’s an overview of the feedback gathered regarding the leading automated trading platforms in the UK. The ratings and testimonials have been collated from platforms such as Google Play, the App Store, and Trustpilot to provide a comprehensive view of user experiences with these automated trading platforms.
Pepperstone
Pepperstone received acclaim for its efficient automated trading infrastructure and swift execution with minimal delays. The availability of multiple trading platforms and APIs for algorithmic trading was a standout feature, catering to traders seeking diverse automated solutions.
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“Andrea ? Was a fantastic customer service consultant to solve my issue with in a minute that other consultant was struggling to find out. 5 Star for Andrea ?” – Sajid
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“I’ve used many trading platforms, and this is my favourite. Took me a while to get used to it, as it was slightly different from what I was used to, but now love it & all its features.” – Jana from Gold Coast
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“Easy to open. Easy to use. Easy to add money. Easy to withdraw money. Good customer service. Fast execution. Less spreads. Just learn how to trade and have fun.” – Pruthviraj Rathod.
XTB
Traders admired XTB for its user-friendly interface and seamless automated trading tools that allowed for customisable strategies. The educational resources provided by XTB were highly regarded, assisting users in implementing effective automated trading strategies tailored to their preferences.
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“I have shares in other brokers, but I’m using this app to check prices and charts because it’s simply better. Flawless usability” – Kosciej
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“Very good app. Customer service is welcoming. Lots of information for new traders available for free. Feel very valued and accepted as a beginner. Best app I have found after trying 10+ others.” – Thomas Ashley
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“Excellent account managers who keep in touch. Find the app easy to use. Lots of educational content to help me learn. Good use of news and kept up to date with any stock market changes.” – Ross
FP Markets
Users praised FP Markets for its advanced automated trading capabilities, particularly in forex and CFD trading. The platform’s competitive pricing and diverse range of automated trading tools resonated well with traders aiming for sophisticated trading strategies.
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“Customer support is really marvelous, my problem was taken seriously and solved within no time. Thanks to the team for their efforts. Great!” – Tariq
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“The app is user friendly. Even for beginners, it is easy to use, and the customer service live chat is quick in replying.” – Wayne K
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“Awesome! I’ve been trading with their mobile app for a while now and no issues or lags have occurred; their UI is also clean and smooth.” – Edwina G
AvaTrade
AvaTrade garnered appreciation for its robust automated trading options, especially the access to algorithmic tools and a wide array of tradable instruments. Users found the platform reliable in executing automated strategies, contributing to a favourable trading experience.
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“Mobile application is best to use because it is easy for me rather than working on a computer my phone is often on my hand and easy to use” – Andile M
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“I was assisted by Alev Nazli. She was very friendly and helpful. Made sure I understood the platform and confirmed that I’m all set to go. She followed up the next day as well. Much appreciated.” – Michael S
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“Best Broker with the best app for easy and quick deposits and withdrawals. Search feature on the app has for me the latest market news to date. Proactive Account Manager who is ready to go the extra mile. I’m happy at AvaTrade, best broker for sure!” – Menfret M
How Does Automated Trading Work?
It’s a no-brainer that automated trading is a trading approach whereby computer programs execute trades based on an investor’s predetermined criteria. With automated trading, you can select a system that aligns with your investment goals and set specific rules for entry and exit parameters. These rules you set can consider various market conditions, including stop-loss levels, specific prices, moving average crossovers, and more. If you are a professional trader, you may also employ more complex strategies that factor in external variables or investments in other asset classes.
Note that an automated trading system constantly monitors the financial market prices and executes trades automatically when the predetermined criteria are met. The best element about this trading approach is that it eliminates the impact of human emotions, which can negatively affect profits. Moreover, trades are executed faster and more efficiently than a human trader could. For these reasons, it’s easier to take advantage of technical market events and maximise your potential.
Overall, automated trading is gaining popularity among UK investors due to its ability to analyse vast amounts of data in real time and execute trades automatically based on that data. Trading through automated systems removes the potential for human error and emotion-driven decisions. Remember, you need a credible automated trading platform like the ones we recommend above to set the parameters of your trading strategies and enjoy your experience.
What Are the Benefits of Using an Automated Trading Platform in the UK?
By now, you might be asking yourself: but why should I use an automated trading platform? And we understand why, because it may sound a bit complicated. But there’s no reason to fret because below, you can read more about the advantages of automated trading.
- Less emotional – you should never trade based on emotions but rather on good analytic work and data. Although, this is easier said than done, and sooner or later, your emotions may get the best of you.
By using an automated trading platform, you avoid this altogether since your trading decisions will be made automatically without your emotions.
- Upkeeping discipline – this advantage goes hand in hand with emotions. By using an automated trading platform, you can ensure that all your strategies are followed exactly as intended. Thus, you avoid missing opportunities and making avoidable mistakes.
- Using “Rules” – many top-level automated trading platforms offer preset technical indicators and “rules” that have a proven track record. That way you can include strategies tested by others in your own trading strategy.
- Faster execution – since all trading is done automatically, you will never miss an opportunity again. When opening and closing positions on your own, you need to constantly be reviewing prices and market movements.
By implementing an automated trading platform, you can lean back and enjoy regardless of what is happening on the markets you’re trading.
- Automated diversification – a diverse and varied portfolio is one of the most efficient risk management strategies there are. And with an automated platform, you can easily diversify your portfolio, thus avoiding the lion’s share of risks associated with investing in a single asset or market.
Disadvantages of Automated Trading Platforms
While automated trading can benefit UK investors in many ways, it also falls short in certain categories. Below are the disadvantages of automated trading platforms to help you fully understand what it’s all about.
- Technical failures – Automated trading platforms depend entirely on technology, which can be subject to glitches, system failures, and connectivity issues. A technical failure can cause significant losses, especially if trades are executed at the wrong time or incorrect prices.
- Require human oversight – Since this trading system operates using computer programs, you still need to monitor your activities. Remember, besides being prone to system failure, automated trading tools execute trades based on what they believe will benefit your strategy. Sadly, the system can be wrong sometimes due to a lack of human judgement, leaving you with losses.
- Over-optimization – Automated trading platforms rely heavily on backtesting historical data to create trading algorithms. However, over-optimisation of the algorithms can result in poor performance in real-world trading situations, leading to losses.
- Complexity – Setting up and managing an automated trading platform can be complex and time-consuming, especially if you are a beginner in this industry. To maximise your potential and experience, a knowledge of programming languages, coding, software management, data analysis, and trading strategies is paramount.
Read about the UK Penny stock brokers in our other article.
How to Get Started with an Automated Trading Platform
Automated trading has brought massive changes in the financial space, as traders can now effectively manage their activities with minimal effort. However, how do you get started? With a broker like the ones we recommend above, the procedures involved are straightforward. These include:
To start enjoying automated trading on an FCA-regulated platform, you first must create an account at the broker’s website. Therefore, if you have made a choice from our list above, click any of the links we share for quick access to its website. Ensure you begin by reading and understanding the broker’s terms of service to ensure you are on the same page. Plus, install its trading app on your mobile device to effectively manage your positions while on the move.
Once you are confident that the broker is the right one for you, create an automated trading account. On the homepage, click the Register, Sign Up, or Join Now button and follow the commands to set up your account. Some of the details your broker may require include your name, email, source of income, date of birth, location, and more. You will also be required to create a unique username and strong password for an added layer of safety to your account.
This procedure is mandatory for all FCA-regulated automated trading platforms. You see, unscrupulous individuals dominate the financial market, and incorporating this procedure while setting up an account keeps away imposters and money laundering activities. Therefore, your automated trading platform provider will require you to share copies of your personal documents to verify who you are and your location. These include your original government-issued ID card, driver’s licence, or passport for identity verification. You will also share a copy of a recent utility bill or bank statement to verify your location.
Note that the verification may take hours to complete. So, remain patient and wait for your broker to send you an email notification. Once received, fund your automated trading account by considering your provider’s minimum deposit requirement. Also, transact with a convenient payment method such as credit/debit cards, e-wallets, or bank transfers. Our recommended automated trading platforms above support these payment methods and more. Choosing the best will streamline transactions and get you quickly started.
Your broker will automatically redirect you to its platform once you complete the deposit. At this point, feel free to explore the available asset offerings and select the one you are familiar with. Then, go to the automated trading dashboard and click the right settings for your automated trading robot. With a preferred trade size, activate automated trading, and let the tool manage your position for you.
Automated trading doesn’t guarantee profitable trades. Therefore, keep track of your open position to ensure it’s trading correctly and everything is working out as expected. You can also incorporate risk management controls like stop-loss and take-profit orders to mitigate massive losses in case things do not turn out as anticipated.
How to Choose the Right Automated Trading Platform
In the UK, automated trading platforms come with varying features to suit all types of traders. While one platform might be suitable for you, another may not. That is why it is crucial to always conduct thorough research to identify a platform aligning with your trading requirements.
Finding the best automated trading broker means that you have found a suitable platform as well. Some of the elements to consider while comparing platforms include:
This should be a priority when looking for an automated trading platform in the UK. You see, the financial landscape hosts both legitimate brokers and fraudsters. To avoid falling victim to scammers, confirm a platform’s regulatory status. In the UK, the best must be licensed and regulated by the Financial Conduct Authority (FCA). FCA strives to maintain the integrity of the UK’s financial landscape and offer a conducive trading environment. The brokers it regulates will secure your funds in segregated tier-one bank accounts only accessible to you.
The best automated trading platform for you must host the right securities that will maximise your potential. Whether you want to trade forex, shares, commodities, and more, ensure your platform lists it and supports your preferred trading style. For instance, if you are looking to trade a company’s shares as CFD, your platform must support CFD trading. Having multiple asset offerings is a plus, as you will easily have access to the right assets for portfolio diversification.
A suitable automated trading platform must incorporate the latest technology so you are guaranteed an exciting experience. Take advantage of your platform’s demo account to backtest the automated trading features and ensure it is what you are looking for. Plus, your platform must be user-friendly, customisable, and have a fast trade execution speed. Most importantly, confirm the availability of trading resources for market analysis and skills development. And if you are always on the move, your automated platform should be mobile-friendly so you never miss out on any arising opportunities.
A suitable automated trading platform must incorporate the latest technology so you are guaranteed an exciting experience. Take advantage of your platform’s demo account to backtest the automated trading features and ensure it is what you are looking for. Plus, your platform must be user-friendly, customisable, and have a fast trade execution speed. Most importantly, confirm the availability of trading resources for market analysis and skills development. And if you are always on the move, your automated platform should be mobile-friendly so you never miss out on any arising opportunities.
The best automated trading platform in the UK should support efficient payment methods. For instance, our recommendations above allow users to make deposits and withdrawals using debit/credit cards, e-wallets, and bank transfers. The last thing you want is delayed transactions and the hassle of currency conversions simply because you didn’t choose a convenient option.
We have witnessed many traders overlook this element and regret it once they are fully committed to a broker or platform. Understand that in trading, challenges are bound to occur, and you need the best support to manage them. An automated trading platform with reliable and responsive customer support is what you need to handle any challenges when they arise. Simply ensure their availability aligns with your trading schedule, and they can be contacted via convenient channels. These include phone, email, and live chat.
Automated trading platforms in the UK have varying trading and non-trading charges. For this reason, ensure you settle with the one you can afford to avoid overspending. Remember, trading is all about taking risks, and it is essential to trade with funds you are comfortable losing. That being said, confirm charges like commissions, spreads, inactivity fees, overnight charges, and more. Also, check the minimum deposit requirement and ensure every cost fits your budget.
account.
Read more about the best trading platforms in the UK and the best gold trading brokers in 2024 in our other comprehensive guides.
Registering a Futures Trading Account Online
Since this website is dedicated to online brokers – mainly CFD brokers – that provide speculative trading, we created a step-by-step guide on how to register an account with the CFD brokers that provide futures.
Follow these easy steps and you’ll know how to buy futures, you’ll be ready to start trading and investing in futures within a few hours.
Naturally, in order to register an account, you have to visit the broker that you’re interested in using. You can register a futures trading account using either your phone or your computer, just keep in mind that you usually have to download an app to register on a smartphone.
Also, our recommended brokers provide instructions on how to properly register an account, making the process much easier. And if you ever get stuck or need help, you can reach out to the broker’s customer service.
The next step is very similar to registering any other type of online account, for example on a social media platform or in an online store. It involves submitting personal information that will serve as the foundation for your account, ie. full name, address, phone number, and email.
Brokers that provide leveraged trading are also obligated to ask for information regarding your income and have you answer questions about your knowledge about leverage and the risks of trading.
Please note that all the above information will have to be verified at a later stage.
As mentioned, you will now have to verify the information that you provided. This is due to FCA regulation and cannot be avoided. To complete the process you need to verify your identity as well as your address. This is done by submitting a copy of your ID and a copy of a recent utility bill stating your full name and address.
In case you can’t provide a utility bill, you can provide a bank statement instead. Most online brokers accept this as a substitute for the utility bill, but NOT all of them.
Once you’ve been verified you get full access to your account and can start exploring all the tools, features, and available markets. You will also be able to use the broker’s demo account to start practising and developing strategies for your futures trading.
Before you’re completely done and can start trading futures you have to make an initial deposit. All brokers have their minimum deposit requirements ranging from £0 to £300+ that have to be met.
Therefore, it is crucial that you pick a broker that you can afford and that suits your budget and strategy. Also, consider the different payment methods that are supported to ensure that you can use the method that you prefer the most.
What is an Automated Trading System?
An automated trading system, also known as algorithmic or AI trading, is a computer program that executes trades automatically based on pre-defined rules and algorithms. This system allows traders to set specific parameters for entering and exiting trades, such as price, volume, and timing, and then the system executes the trades accordingly.
Automated trading systems have become increasingly popular in recent years, offering several advantages over traditional manual trading. For instance, the system removes the emotional element from trading and allows faster and more accurate trade execution. Overall, an automated system of trading can analyse and respond to market data much more quickly than a human trader could, allowing you to manage multiple positions within a day.
Note that various types of AI trading software exist, ranging from simple rule-based automate systems to more complex machine learning algorithms that can adapt and evolve over time. These automated systems are designed to trade various financial instruments, including stocks, currencies, commodities, derivatives, and more.
Discover the Best AI Trading Platforms and Best AI Trading Apps in our alternate guides.
Trading System Software
A trading system software is a type of computer program designed to help traders analyse market data and execute trades more effectively. This software ranges from simple charting tools to more advanced platforms incorporating automated trading systems.
Some common features of trading system software include real-time market data and charting tools, technical analysis indicators, and the ability to set up and execute trades directly from the software. Many trading system software options also offer backtesting capabilities, allowing traders to test their strategies using historical data before risking real money in the market.
While trade system software can be a valuable trading machine, using it in managing your trades does not guarantee success. Your success still depends on your ability to interpret market data and make informed decisions. However, with the right system and a solid understanding of market dynamics, you can increase your chances of success and potentially achieve greater profits in the market.
Future of Automated Trading
Automated trading, driven by sophisticated algorithms and artificial intelligence, has already transformed the way trades are executed, and its trajectory promises even more profound changes ahead.
One of the most compelling aspects of automated trading’s future is its potential to enhance market liquidity and reduce transaction costs. With algorithms capable of swiftly analysing vast amounts of data and executing trades at lightning speed, markets become more liquid. This allows for smoother price discovery and improved market efficiency.
Furthermore, as machine learning algorithms continue to advance, automated trading systems are becoming increasingly adept at adapting to changing market conditions and identifying profitable opportunities in real time. This adaptability not only enables traders to capitalise on fleeting market inefficiencies but also helps mitigate risks by swiftly reacting to adverse market movements.
However, as with any technological advancement, the future of automated trading also raises concerns. Questions regarding market stability, algorithmic biases, and the potential for unforeseen systemic risks loom large. That is why, as a trader, you must always conduct thorough market research and analysis and avoid fully depending on automated trading platforms.
FAQs
Yes. Automated trading can be profitable with the right strategy but carries risks if not managed properly. As a trader, it is essential to understand and mitigate these risks through careful research and application of appropriate risk-management techniques. Most importantly, use a suitable automated trading platform like the ones referenced above for maximum experience and profit potential.
Yes. When done correctly, automated trading software saves you the strenuous process of manually tracking your trades. Several of the guys in our research team has plenty of experience in using automated trading software and trading robots, and they all swear by them.
However, automated trading software is not a one-stop solution to all your trading needs and you still need to understand how and why you should use this software. As mentioned, all trading is associated with risk and trading robots are not an exception.
Yes, there is no trading rule restricting traders from automating their stock trading activities in the UK. Simply ensure that the broker you are choosing has automated trading features and that it’s regulated by the FCA, and you are good to go.
Don’t forget that you have to pay taxes on your profits and that there are other laws and rules that you have to follow in order for trading to be completely legal.
Generally, about 70-80% of trades are generated and managed through algorithmic trading. In other words, a vast majority of trades are automated on some level today.
This should not be interpreted as if automated trading is more efficient or profitable, but rather that it’s easier and less time-consuming. Still, up to 80% of all retail traders lose money in the long run, whether they use trading robots or not.
Conclusion
Identifying the best automated trading platform in the UK continues to be a daunting task. With many providers entering the market, traders do not know which ones to rely on. We hope our guide above has given you a proper head start towards your automated trading journey. The trick remains choosing the best platform, understanding the asset you are trading with, and having a budget/plan. And since the financial market can be unpredictable, always apply risk management controls and track your open positions. Doing so will ensure everything works out as expected, and even if you incur losses, they won’t be massive.
How we test?
Our test process is really based on two different aspects: our independent tests and research, as well as user reviews from Google Play, the App Store, and Trustpilot, etc.
The first thing we do when testing is to check every detail and test every tool and instrument. Our experts spend more than 200 hours on every article. We pay special attention to the specific function or the criteria that we’re comparing during the comparing stage. This means that we must determine which broker is more suited for beginners, and which is better suited for experts, for example. Find out more about our test process here.
I have using AvaTrade platform in demo mode. It's really useful to me but I am not sure how long it takes to transfer the profit I gain if in a real account.
I use only eToro! It's really an easy-to-use platform, I don't have a problem using
I use only eToro! It's really an easy-to-use platform 🙂
I don't have a problem using
This page definitely has all the info I needed concerning this subject and didn't know who to ask.
eToro has been my go-to for crypto trading, and I'm really pleased with it. TBuying and selling different cryptocurrencies is a breeze, and I like that you can copy what successful investors do. It's like having experts guide you.
Great review! I've been looking for a new automated trading platform and this article has been super helpful in narrowing down my options. I'm interested in trying out the ADFX platform, but would like to know more about the fees involved.
Fascinating read! I've been exploring automated trading options in the UK and this review has given me some great insights. I'm particularly interested in eToro. I am a beginner and really appreciate this guide that helped me a lot.
I completely agree with your assessment of eToro! I've been using it for a few months now and the user-friendly interface has made it a breeze to set up and manage my automated trading sessions. Would love to see more in-depth reviews of the other platforms in the future