Choosing the right broker for your automated strategy.

Choosing the right broker is crucial for any automated trading system.  The first thing is to know if you can trust your broker. 

Regulation : your broker should be regulated under the FCA (financial conduct authority) regulation. This is the strictest regulator in the financial industry.

Your trading account must be segregated : when depositing money on your trading account, you can be sure that your money won't be mixed with the company's money or other clients' money. This way, even if your broker goes bankrupt, your money still safe and you will be able to withdraw it at any time.

If your broker is FCA regulated and place your money under segregated accounts, then you can go further.

What about trading conditions ?

The trading platform choice is very important. You should avoid MT4 and prefer non dealing desk platforms such as cTrader or custom made web platforms which are offered exclusively by some brokers. But how to trade automatically with a web platform ? This is very simple, your EA can be linked to it by a API. Just ask a programmer and he should be able to do it very easly.

The best platform would be cTrader as this platform is 100% no dealing desk (there won't be any confilcts of interest).
Also, you will receive prices faster and orders will be executed very quickly which gives you an edge over MT4 or MT5. Also, metatrader can lag with complex robots or indicators. cTrader will be definitely more stable and more reliable.

Below is the best broker for your automated trading :
Here is what you will benefit from with Peppertsone :

  • Tight Spreads and low commissions : $7 / lots and spreads from 0.0 pips
  • The cTrader & cAlgo trading platform : trades are executed fatser and algos are bugfree
  • cTrader is a non-dealing desk platform so Pepperstone won't be your couterparty
  • FCA regulated broker and segregated client funds

Remember... Trading is all about having an edge over competitors and cTrader will definitely give you this edge over other traders.