The promotional period from February 20 to April 30, ;. Trader July 7, Bitcoin shows low volume, ripple drops Since late September, the low volume of Bitcoin has been an issue for the cryptocurrency exchange market. The Danish bank seems to be able to keep a stable volume but has failed to grow in the last two years, as the competition in Europe and Asia is very strong and other brokers have proven to be much more dynamic.
I have been searching for a really good Forex Robot because I know nothing about technical. Although I am open to reasonable risk however I do not want to loose money for nothing. Any suggestion for a really good Forex Robot, that is easy to operate and works all by itself so that I do not have to do anything in decision making? Any suggestions about do's. Almost all of the reviewed Forex robots here are for beginners and are newbie traders friendly.
They are currently offering price discounts on their EAs! FxAutomater group are highly experienced Forex System Developers with good reputation!
Hi; Are you tested Swing Trader Pro , because as i have readed about it ,telling there is no money loss , all tradings are profit! You should never expect identical results on your account as those shown in the 3 rd parties verified statements, many reasons stand against that, while nealy similar results are possible.
Swing Trader PRO is a manual system, so it primarily depends on the human trader, when to follow its recommendations and when not to! This will make difference between a familiar Swing Trader PRO user with enough experience and a new user that will need some time to deal with it successfully.
On the contrary, it's so beginner friendly Forex robot, but usage experience is so important and will make difference! Dear Sir ; Thanks for reply ,Are the above mentioned trading software just depending of drawing some general trend or basically depend in comprehensive calculation including in-side of the ea , and what are this principles??
Hi; Can you advice me about Black Diamond Trader vr. We are trying hard to expand our reviews about the best profitable Forex robots in the market and add new ones periodically to this website. Each review requires time and effort to be introduced as a satisfying informative resource.
Many Forex robots are currently on our schedule and we can publish a review at once every certain period of time according to many factors related to the review and the Forex robot itself. Unfortunately, we can not add reviews on individual request basis, but we can promise to put the requests on schedule! As we didn't test Black Diamond Trader vr. Once published, it will reach you via our social media pages and newsletter!
Free Forex Robots Or you can directly download its latest version 3. Well, Blessing 3 EA is an empty Forex robot, which means that it has a good strategy but misses an optimized set file to run safely on a real account and be able to make profits, I think that this is their way for marketing the paid version of the robot, and since we didn't test it previously we don't currently have an optimized set file for it if this is what you mean by "our list" and can't recommend it too.
It has an overall rating of 2. To download its latest version 3. Forex robot developers have many reasons to publish their inventions for free; they may be promoting a premium version up-sell of the free one and we think that this is the case with Blessing 3 EA or may be willing to prove their professionalization dealing with Forex market to attract customers to subscribe in some other related paid service provided by the same developer or they might be just giving it away!
This top list represents the final rating based on applying each Forex robot live performance results to a common exclusive formula which till us which is the best and the worst one regarding its profitability vs time, profitability vs drawdown and some more measurements, all gathered together to arrange the positions and ratings in this top list table.
I use software by anna forex monti and I'm satisfied. It's not so easy to add a forex robot review every day to our list, first we carefully select the most promising and solid systems in the market taking into consideration many factors including its reputation and previous real trader reviews, then when we decide to review it, much time will be necessary to complete a satisfying review to the traders seeking information and brief analysis about that software performance.
This is a very large question, as many important factors other than Forex robots influence your trading profits, the first and most important of them is yourself and how self confident you are, your available investment capital, the broker you are trading with, the currency pairs you prefer to trade, the market conditions while trading and finally the Forex robot you would choose! While a good Forex Robot can limit those factors bad effects on your profits or even abolish them, no one can predict exactly how much you can gain!
SolidGround Cue Well, it depends on what work you are expecting it to do, if you are expecting it to make you rich in a few days, weeks or even months, this is not what you are looking for!
Forex Robots main target is to let you go, do other jobs, perform routine tasks even go to sleep while its there trading for you, so that it allows you not to miss or interrupt your ordinary life behavior while your business isn't missed too, so the minimum expected from a Forex Robot is to keep trading along the day as if you are setting performing your trades yourself while you can check its performance from time to time, the more advanced EAs don't content just to keep your business up, but is also try to maximize your profits, so what you need to do is to find an entrusted EA with your money which not only keep your business up, but is able to maximize your profits too.
How come I haven't seen any losing robots, not one. They are all the best! Jamrock Outdoors in fact, if u play carefully with good strategies u can make profit stable. Jamrock Outdoors We don't review every Forex robot in the market here! However, you can find the losers at the bottom of the table!
Note that they might be just new ones and need some more time for trading to prove their profitability! Forex Trend Detector New Version 4. Forex Diamond EA Version 6. Tick Data Suite Features and Details. How to Backtest WallStreet 2.
Volatility Factor EA v7. WallStreet Forex Robot 2. Forex Trend Detector v3. Forex Diamond EA v5. Trading with Smart Money and Volatility Breakpoint. New Cyrus EA Version 1. Execution is very important for scalpers and high frequency traders. Traders who use Expert Advisers to test their auto trading systems are also interested in the execution speed and quality. Slippage and re-quotes can be very harmful for scalpers and this is why they tend to look for scalper-friendly brokers.
Hot Forex , XM. Promotions can be a very good incentive for new traders to choose a certain broker. High profile brokers like Forex. This strategy offered them higher profits in the last two years but hampered their growth and resulted in a loss of market share. While such promotion might be seen as a way of attracting only low capital clients, it proved to have many positive side effects that helped fuel the amazing growth experienced by XM.
A free bankroll creates a lot of buzz in the forex online community and a lot of positive feedback from those who receive it. XM also offers deposit bonuses that can add-up to the trading capital and are an additional incentive to choose them instead of other broker. Considering the fact that XM experienced the highest growth rate in both new customers and trading volumes in the last two years, we can conclude that their promotion was well received and may be one of the many reasons for their great success.
Hot Forex is another growth story and it also features some interesting promotions. All of them have different advantages for different types of traders, and in the end they can be a decisive factor when one chooses his forex broker.
Judging by the amazing growth rate of Hot Forex we can assume that their bonus policy was at least helpful. When moving global and trying to service tens of new markets with different characteristics, it is essential to be accessible to as many customers as possible. When it comes to localized service, multi-language support and website, the clear leaders are Saxo Bank, XM and Hot Forex. On the other hand, Japanese and US brokers are well behind when it comes to localized services and multi-language support.
Deposit and withdrawal methods are another important factor that helped fuel the growth of the most dynamic brokers, XM, IC Markets and Hot Forex. The three of them allow deposits and withdrawals through credit and debit cards as well as all the popular e-wallets, including Neteller, Skrill formerly known as Moneybookers or Webmoney.
They also allow deposits through prepaid cards like the popular Paysafecard or local debit cards like the Chinese Union Pay. XM and Hot Forex are the only two brokers offering a forex debit card that allows traders to withdraw their money directly at an ATM or to make purchases with a debit card linked directly to the trading account.
The Forex Mastercard is very popular in Africa and Asia as it represents a very convenient and cheap method of withdrawing winnings from a foreign broker without local offices.
Coupled with the low minimum deposit requirements of the brokers, the high number of deposit and withdrawal options is one of the main reasons why the three brokers are the only majors who increased their market share in the last two years.
Special Features can also have an important role in volume growth and customer acquisition, as they can attract new customers as well as stimulate higher frequency trading. Their PAMM accounts allow traders to be account managers or investors who automatically copy the trades of their managers. After all the talk about the evolution of the forex market in the last two years, it is time to show the rankings of the largest forex brokers by volume as of March The average volumes are measured in billions of USD per day and are calculated for the period between 1st of February and 15th of March.
Here are the rankings:. A graphical representation of the top ten forex brokers by trading volume can be seen in the chart below:. While lacking a solid global footprint, the broker benefits from the huge US market which is closed to foreign competition. The consolidation of the US retail forex market has resulted in only two big players left to share the entire market: Gain Capital and Oanda Corporation.
This is why the two US brokers are some of the largest in the world despite of being unable to succeed in any foreign market.
After large gains in trading volume thanks to the consolidation of the domestic market, the volumes of US brokers are expected to stabilize. XM is the most successful Cypriot broker, and now it is the second largest retail forex broker in the world. Ever since, it experienced the fastest growth rate in the industry being the only forex broker with three digits growth rates for two consecutive years.
The broker is very popular among day traders and high volume traders because of its combination of low spreads, excellent execution and high leverage.
Saxo Bank has been stable in the last year after recovering from the loss of volume generated by the SNB shock. The Danish broker has lost its position as the largest forex broker in the world because of the big growth in volume of Forex. The Danish bank seems to be able to keep a stable volume but has failed to grow in the last two years, as the competition in Europe and Asia is very strong and other brokers have proven to be much more dynamic.
Oanda is the most popular US broker among the US online trading community, as it is known for its lower spreads compared to its US peers. The broker had benefited from the ever decreasing competition in the domestic market and managed to grow its volumes on a steady base. However, as the US market has consolidated there are no visible growth opportunities for Oanda in the near future.
Just like Gain Capital, Oanda has been unable to expand successfully in other countries as the US regulation has led to brokers being noncompetitive in the global market, as there are much better options for non-US traders.
Its Eurpean operations are carried under a Cysec license Cyprus while in the rest of the world it operates under the St Vincent license. Hot Forex has grown very fast in the last two years and has become the fifth largest forex broker in the world. The broker experienced the second fastest growth rate after XM in terms of trading volumes thanks to its leading ECN network which connects traders with the best liquidity pool available to retail forex clients. As the broker with the lowest spreads and best trading conditions in the world, IC Markets is very popular among high volume traders and manages to generate huge daily volumes despite the lower total number of clients.
This is the preferred broker among day trading enthusiasts. It focuses primarily on the lucrative Japanese market and it has very little presence in other countries.