Brokers with Automated Trading

Compare Forex brokers who support automated trading strategies on MT4, MT5 and cAlgo in Tanzania.

This blog is reader-supported. Please open a trading account through our links to tip us. Affiliate commissions keep our reviews impartial and ad-free.

Best brokers

FXCC Best Forex Trading Account 2017 - UK FOREX Awards
FxPro Best MetaTrader Broker 2020
Equiti Best Overall Broker 2023 - TrustedBrokers.com
AvaTrade Best Mobile Trading Platform 2021
LiteFinance Best ECN Broker Africa 2020

Broker reviews

Visit website ▷

Trade CFDs across Forex, crypto, oil and indices with leverage up to 1:500. FXCC accepts all trading styles and Expert Advisors on MT4. There are no conflicts of interest, as FXCC.com doesn't trade against you.

Markets: Forex (CFD), Cryptos (CFD)*, Indices (CFD), Metals (CFD), Energy (CFD)
* Availability subject to regulation.
Platforms: MetaTrader 4
Regulators: Cyprus (EU), Nevis

Accounts

ECN XL Account ▷ ECN XL Account: Trade CFDs on 70+ currency pairs, crypto-currencies, commodities and indices with leverage up to 1:500. Get a 100% bonus on your first deposit, up to $2,000.
$0 deposit	1:500 leverage ?	Market execution	▷

Visit website ▷

FxPro (FxPro.com) is a global broker, winner of 95+ awards including "Best MetaTrader Broker" in 2020. Trade 250+ instruments across a wide range of asset classes on MT4/5 or cTrader. FxPro accepts all trading styles without restrictions.

Risk warning: 84.69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs and Spread Betting work and whether you can afford to take the high risk of losing your money.
Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD)
* Availability subject to regulation.
Platforms: MetaTrader 4, MetaTrader 5, cTrader, Copy trading
Regulators: Bahamas, Cyprus (EU), South Africa, UK

Accounts

MT4 Floating - Instant Execution ▷ MT4 Floating - Instant Execution: Trade 70+ currency pairs, spot indices, energies, metals and shares on floating spreads and instant execution. All EAs are allowed.
$500 deposit	1:200 leverage	Instant execution	▷

MT4 Floating - Market Execution ▷ MT4 Floating - Market Execution: Trade 70+ currency pairs, spot indices, energies, metals and shares on floating spreads and market execution. All EAs are allowed.
$500 deposit	1:200 leverage	Market execution	▷

Visit website ▷

Equiti.com is TrustedBrokers' Best Overall Broker in 2023. Trade CFDs on 400+ instruments on leverage up to 1:500. Get superior execution through its network of 35+ liquidity providers. Equiti accepts all trading styles, without restrictions.

Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD)
* Availability subject to regulation.
Platforms: MetaTrader 4, MetaTrader 5
Regulators: Armenia, Jordan, Kenya, Seychelles, UAE, UK

Accounts

Standard Account ▷ Standard Account: Trade CFDs on Forex, crypto-currencies, stocks, indices, ETFs and commodities on low spreads, with leverage up to 1:500. Equiti supports MT4 and MT5 and allows all trading styles. Get ECN execution with Tier 1 liquidity.
$500 deposit	1:500 leverage	Market execution	▷

Advanced Account ▷ Advanced Account: Trade CFDs on Forex, crypto-currencies, stocks, indices, ETFs and commodities from 0.0 pips plus commission, with leverage up to 1:500. This account is designed for experienced traders.
$10000 deposit	1:500 leverage	Market execution	▷

Visit website ▷

AvaTrade (AvaTrade.com) is an award-winning online broker. Trade CFDs on Forex, crypto-currencies, shares, metals and more on MetaTrader 4 or 5. AvaTrade accepts all Expert Advisors except those with a focus on arbitrage.

Risk warning: 77.82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD), Bonds (CFD)
* Availability subject to regulation.
Platforms: MetaTrader 4, MetaTrader 5, Copy trading
Regulators: Australia, BVI, Cyprus (EU), Gibraltar, Israel, Japan, South Africa, UAE

Accounts

AvaTrade Account [BVI] ▷ AvaTrade Account [BVI]: Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and commodities. This account, registered in the British Virgin Islands, has significantly higher leverage.
$100 deposit	1:400 leverage	Instant execution	▷

AvaTrade Account [EU] ▷ AvaTrade Account [EU]: Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and commodities.
$100 deposit	1:30 leverage	Instant execution	▷

Visit website ▷

LiteFinance (LiteFinance.com), formerly LiteForex, is a global ECN broker. Trade CFDs on a wide range of markets on Metatrader 4 or 5, with flexible leverage up to 1:1,000. LiteFinance accepts all EAs and trading styles, including scalping and news trading.

Risk warning: 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
* Availability subject to regulation.
Platforms: MetaTrader 4, MetaTrader 5, Copy trading, Mirror trading
Regulators: Cyprus (EU), Saint Vincent and the Grenadines

Accounts

Classic Account ▷ Classic Account: Trade Forex on floating spreads from 2 pips on MT4 or MT5. Get started from a low $50 deposit. Market execution with no requotes.
$50 deposit	1:1000 leverage	Market execution	▷

ECN Account ▷ ECN Account: Trade Forex on floating spreads from 0 pips plus commission on MT4 or MT5. Get started from a low $50 deposit. Get market execution with no requotes. LiteForex pays 2.5% interest per annum on the balance of your account.
$50 deposit	1:500 leverage	Market execution	▷

Visit website ▷

HFM (HFM.com), formerly known as Hot Forex, is an award-winning Forex and CFD broker, with accounts tailored to new and experienced traders. Trade a wide range of markets including Forex, stocks, indices and commodities through MetaTrader 4 or 5.

Markets: Forex (CFD), Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD), Bonds (CFD)
* Availability subject to regulation.
Platforms: MetaTrader 4, MetaTrader 5, Currenex, Copy trading, Mirror trading
Regulators: Cyprus (EU), Mauritius, Saint Vincent and the Grenadines, Seychelles, South Africa, UAE

Accounts

Micro Account [MT4, MT5] ▷ Micro Account [MT4, MT5]: Trade Forex as well as CFDs on shares, indices and metals on floating spreads without commission. This account, designed for new traders, has smaller trading sizes and a lower initial deposit.
$5 deposit	1:1000 leverage	Market execution	▷

Premium Account [MT4, MT5] ▷ Premium Account [MT4, MT5]: Trade Forex as well as CFDs on shares, indices and metals on floating spreads without commission. This account, designed for experienced traders, allows you to trade up to 60 lots per position.
$100 deposit	1:500 leverage	Market execution	▷

Visit website ▷

Trade CFDs on Forex, shares and precious metals on competitive spreads through ForexMart, an international ECN broker. ForexMart supports all trading styles, including scalping, through MetaTrader 4.

Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
* Availability subject to regulation.
Platforms: MetaTrader 4, Copy trading
Regulators: Saint Vincent and the Grenadines

Accounts

Classic Account ▷ Classic Account: Trade 60+ currencies from 1 pip without commission on MetaTrader 4. ForexMart supports all trading styles and Expert Advisors.
$15 deposit	1:500 leverage	Market execution	▷

Pro Account ▷ Pro Account: Trade 60+ currencies from 0.6 pips without commission on MetaTrader 4. ForexMart supports all trading styles and Expert Advisors.
$200 deposit	1:500 leverage	Market execution	▷

Visit website ▷

JustMarkets (formerly JustForex) is an offshore broker that allows you to trade over 170 instruments on low spreads, and high leverage up to 3,000 times your initial deposits. It accepts all trading styles on MetaTrader 4 and 5.

Risk warning: Margin trading in the financial markets is speculative and implies a high level of risk, including full loss of deposit.
Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
* Availability subject to regulation.
Platforms: MetaTrader 4, MetaTrader 5, Copy trading
Regulators: Cyprus (EU), Seychelles

Accounts

Standard Account ▷ Standard Account: Trade CFDs from 1 pip with flexible leverage up to 1:3000. Choose between MetaTrader 4 and 5. All EAs and trading strategies are allowed.
$1 deposit	1:3000 leverage	Market execution	▷

Visit website ▷

4xc.com is an offshore broker founded by Forex industry veterans. Trade Forex, metals, oil and stocks with leverage up to 1:500. 4XC accepts all trading styles and Expert Advisors on MT4 and 5.

Risk warning: Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors as you could sustain losses in excess of your deposits. You should carefully consider your financial situation and experience level before trading.
Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)
* Availability subject to regulation.
Platforms: MetaTrader 4, MetaTrader 5
Regulators: Cook Islands

Accounts

Standard Account ▷ Standard Account: Trade 74 currency pairs and CFDs on stocks, oil, metals and crypto with leverage up to 1:500. 4XC allows all trading styles and all Expert Advisors on MetaTrader 4 and 5.
$10 (MT4), $ 100 (MT5) deposit	1:500 leverage	Market execution	▷

#10

Visit website ▷

HYCM (HYCM.com), formerly HY Markets, is an award-winning regulated online broker. Trade over 300 instruments on fixed or variable spreads over MetaTrader 4 or 5.

Risk warning: 85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD)
* Availability subject to regulation.
Platforms: MetaTrader 4, MetaTrader 5
Regulators: Cayman Islands, Cyprus (EU), Saint Vincent and the Grenadines, UAE, UK

Accounts

Classic Account ▷ Classic Account: Trade CFDs on variable spreads from 1.2 pips on MetaTrader 4 or 5. This account supports all Expert Advisors, except scalpers. Available in Islamic format upon request.
$100 deposit	1:500 leverage	Instant execution	▷

Forex trading robots can monitor the market for trade ideas and make autonomous trading decisions. Nowadays, they're available across a range of platforms including MT4, MT5 and cTrader.

MetaTrader 4 and 5

Forex robots are known as Expert Advisors (EAs) on the MetaTrader platform. They can trade when you're asleep or away from your desk, and take emotions out of trading. You can design your own or download one from the MetaTrader Market. Some users make their robots available for free, however, you should expect to pay for commercial implementations.

cTrader

cTrader is an algorithmic trading platform designed for automated trading. It comes with a code editor and strategy tester, so you can create your own robots and backtest them over historical data. Alternatively, you may download new algos and indicators from cTrader's marketplace, for free or on a paid-for basis.

Related articles

Featured Brokers

Best Conditions

MT5 Floating - Market Execution

Trade 70+ currency pairs, indices, energies and metals on floating spreads with market execution. ... More

$500 deposit
1:200 leverage
1.51 pips EUR/USD
Regulators: Bahamas, Cyprus (EU), South Africa, UK

Visit website ▷

Risk warning: 84.69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs and Spread Betting work and whether you can afford to take the high risk of losing your money.

Best Platform

Standard Account

Trade 74 currency pairs and CFDs on stocks, oil, metals and crypto with leverage up to 1:500. 4XC ... More

$10 (MT4), $ 100 (MT5) deposit
1:500 leverage
1.4 pips EUR/USD
Regulators: Cook Islands

Visit website ▷

Risk warning: Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors as you could sustain losses in excess of your deposits. You should carefully consider your financial situation and experience level before trading.

MT5 Floating - Market Execution ▷ MT5 Floating - Market Execution: Trade 70+ currency pairs, indices, energies and metals on floating spreads with market execution. All EAs are allowed.
$500 deposit	1:200 leverage	Market execution	▷

FxPro cTrader ▷ FxPro cTrader: Trade 70+ currency pairs, spot indices, energies and metals on razor-thin spreads with market execution. Run cAlgo algorithmic trading robots.
$500 deposit	1:200 leverage	Market execution	▷

Elite Account ▷ Elite Account: Trade CFDs on Forex, crypto-currencies, stocks, indices, ETFs and commodities on 0.0 pips and razor-thin commission, with leverage up to 1:500. You'll also get VIP support from a Personal Account Manager. This account...more ▷ Elite Account: Trade CFDs on Forex, crypto-currencies, stocks, indices, ETFs and commodities on 0.0 pips and razor-thin commission, with leverage up to 1:500. You'll also get VIP support from a Personal Account Manager. This account is designed for high-net-worth individuals, and those who trade large volumes.
$50000 deposit	1:500 leverage	Market execution	▷

Islamic Account [BVI] ▷ Islamic Account [BVI]: Trade a wide range of financial instruments with a Shariah compliant account. AvaTrade does not charge rollover fees or swaps on overnight positions. You cannot invest in crypto-currencies through this account. This...more ▷ Islamic Account [BVI]: Trade a wide range of financial instruments with a Shariah compliant account. AvaTrade does not charge rollover fees or swaps on overnight positions. You cannot invest in crypto-currencies through this account. This account, registered in the British Virgin Islands, has significantly higher leverage.
$100 deposit	1:400 leverage	Instant execution	▷

Islamic Account [EU] ▷ Islamic Account [EU]: Trade a wide range of financial instruments with a Shariah compliant account. AvaTrade does not charge rollover fees or swaps on overnight positions. You cannot invest in crypto-currencies through this account.
$100 deposit	1:30 leverage	Instant execution	▷

Professional Account [EU] ▷ Professional Account [EU]: Trade 55 currency pairs on fixed spreads, plus CFDs on crypto-currencies, stocks, indices, bonds and commodities. Access high leverage up to 1:400 with this account for professional traders.
$100 deposit	1:400 leverage	Instant execution	▷

Islamic Account [MT4] ▷ Islamic Account [MT4]: Trade Forex as well as CFDs on shares, indices and metals on floating spreads without commission. This Islamic account has no swap or rollover charges when you keep positions overnight. Terms and conditions apply.
$100 deposit	1:500 leverage	Market execution	▷

Zero Spread Account ▷ Zero Spread Account: Trade 60+ currencies on raw spreads plus commission on MT4, with leverage capped at 1:200. ForexMart supports all trading styles and Expert Advisors.
$500 deposit	1:200 leverage	Market execution	▷