Brokers for Expert Advisors
Your EA is only as good as the account it runs on.
Spreads, commissions and fills decide what every trade really costs. Compare the brokers we work with, filter them to what you need, and work out your costs before you open an account.
- 7brokers we work with
- MT4 · MT5and Expert Advisors allowed
- Raw · ECNaccounts on offer, for tight spreads
- Demoaccounts to test on first
Side by side
The brokers we work with
Tick what matters to you: the list keeps the brokers whose cards say so. We remember your choice on this device.
FP Markets
- Regulation
- ASIC, CySEC, FSCA
- Accounts
- Standard, Raw
- Min. deposit
- AUD 100
- Leverage
- Up to 1:500
TMGM
- Regulation
- ASIC, VFSC, FSC
- Accounts
- Edge, Classic
- Min. deposit
- $100
- Leverage
- Up to 1:1000
Eightcap
- Regulation
- ASIC, FCA, CySEC, SCB
- Accounts
- Standard, Raw
- Min. deposit
- $100
- Leverage
- Up to 1:500
Fusion Markets
- Regulation
- ASIC, VFSC, FSA
- Accounts
- Zero, Classic
- Min. deposit
- No minimum
- Leverage
- Up to 1:500
Pepperstone
- Regulation
- ASIC, FCA, CySEC, DFSA
- Accounts
- Standard, Razor
- Min. deposit
- No minimum
- Leverage
- Up to 1:500
FxPro
- Regulation
- FCA, CySEC, FSCA, SCB
- Accounts
- Standard, Raw+, Elite
- Min. deposit
- $100
- Leverage
- Up to 1:500
Deriv
- Regulation
- MFSA, VFSC, BVI FSC
- Accounts
- Standard, Financial, Zero Spread
- Min. deposit
- No minimum
- Leverage
- Up to 1:1000
Availability and terms depend on your country of residence. Regulation, minimum deposit and leverage are as each broker publishes them and differ by country and account type: check the broker's own site.
No broker matches all of those. Untick one, or press Clear.
Before you sign up
Five things to check
Authorisation
Licensed, and allowed to take clients from your country.
The instrument
It offers the symbol your EA trades, at a typical spread you can live with.
The platform
MetaTrader 5 (or 4), with Expert Advisors allowed.
Execution
How orders fill around news, and the minimum stop distance.
A demo account
Run the EA there first: same spreads, same fills, no real money.
Account types
Standard or Raw?
Two ways to pay for the same trade. The bars show where the cost sits.
Standard
No commission. The cost is inside the spread, typically about 1 pip or more on EURUSD.
Simple, for slower strategiesRaw / ECN
A spread from close to zero, plus a fixed commission per lot. Orders go straight to the market.
Needed for News Scalp; best for short stopsCalculator
What will my trades cost?
Enter a broker's figures for your account type. Compare two brokers by changing them. Remembered on this device.
One standard lot is 100,000 units of a currency pair, or 100 ounces of gold. Swap for positions held overnight comes on top.
Match the account to the EA
What each Expert Advisor needs from a broker
From sign-up to live
Four steps
- 1
Open a demo
Press a broker's button above and open a demo account on the platform your EA needs.
- 2
Test it there
Run the EA on that demo, on the VPS you will use, for a week or two.
- 3
Open the live account
Same broker, same account type: Raw if your EA needs it.
- 4
Add it to your licence
My account > Licences > add the account number. Done.
Quick answers
Questions
Can I use the Expert Advisor with any broker?
With any broker that offers the platform and the instruments on its product page and allows Expert Advisors. Test on that broker's demo account first.
Do I need a new licence if I change broker?
No. Release the old account under My account > Licences and add the new one. You can change a live account twice in the licence's life, at most once every 30 days; after that, send a support request.
Standard or Raw account?
Raw (ECN) accounts have a tighter spread plus a commission; Standard accounts a wider spread and no commission. Put your own figures in the calculator above to see which costs less for you.
Why does the broker matter so much for news trading?
Around a release, spreads widen and orders fill in milliseconds. An ECN account and a VPS close to the broker's server decide the price you get.
Does one licence cover accounts at two brokers?
One licence covers one live account. Buy 3 or 10 licences to run it on more accounts, at any brokers you like: one key covers all of them.
Is a demo account enough to start?
It is the right start. Demo accounts have their own allowance on your licence, six months each: our support team adds them for you on request.
Open a demo today. Go live when it convinces you.
Pick a broker, then put your EA next to its servers on a VPS.