Autochartist Brokers List

In the fast-paced world of online trading, having an insightful edge can shape the success of a trader. This is where platforms like Autochartist come in. Autochartist is a powerful market analysis tool offering an automated technical analysis resource that identifies trading opportunities across a range of financial markets. However, to get the best out of Autochartist, traders need to pair this tool with a reliable broker that offers quality services. In this comprehensive review, we will look at an Autochartist brokers list to see which brokers that support this tool stand out from the rest. But before we do that, let’s gain a better understanding of Autochartist.

What is Autochartist?

Autochartist is an advanced market analysis tool that identifies potential trading opportunities by analysing price movements and patterns in real time. It utilises a sophisticated suite of tools with advanced algorithms to scan financial markets across diverse asset classes. Using these tools, Autochartist automatically identifies chart patterns saving traders valuable time and effort. This can include patterns such as head-and-shoulders, triangles, and flags. It uses its pattern recognition capabilities to provide market forecasts and volatility analysis. Notably, traders can customise Autochartist in line with their trading styles, setting up watchlists and custom alerts. 

Evidently, Autochartist can offer traders a lot of benefits in the market when used correctly. But which are the best brokers to pair with this revolutionary tool? Let’s take a look at some of the best brokers on the Autochartist brokers list.

Best Brokers That Support Autochartist

FP Markets

FP Markets is a well-regarded online broker with one of the largest collections of market products. On this broker site, traders gain access to over 10,000 different trading instruments. This includes forex currency pairs plus CFDs on indices, commodities, shares, metals, bonds, ETFs, and cryptocurrencies. To trade these market products, the broker provides a line-up of five different well-known platforms. These include MetaTrader 4, MetaTrader 5, Iress, cTrader, and TradingView. 

On top of that, the broker provides its traders with a variety of trading tools to help them trade the markets. One of the tools that FP Markets provides to its traders is Autochartist. Autochartist helps traders spot potential trade opportunities by automatically recognising chart patterns like Fibonacci retracements. Trading opportunities are delivered via email, push notifications, within the client area, and in the MT4 and MT5 platforms. Importantly, Autochartist is only available on MT4 and MT5 platforms on FP Markets but it is for free.

Further, this broker offers market-leading spreads when trading the markets. The standard account of the broker comes with spreads as low as 1.0 pips for major currency pairs, with no commission paid. On the other hand, the raw account features spreads as low as 0.0 pips plus a commission of $3 per side per lot.

Finally, FP Markets has regulations from a variety of organisations. These include the ASIC in Australia, the CySEC in Cyprus, and the FSCA in South Africa, among others. This strong regulatory oversight is one of the reasons why FP Markets stands out as one of the best brokers that offer Autochartist to its traders.

72.92% of retail CFD accounts lose money

Pepperstone

Another reputable broker that offers Autochartist to its traders is Pepperstone. Autochartist integrates with Pepperstone to provide automated technical analysis to clients. It scans markets for high-probability trades, identifies key price levels, and offers a risk management calculator. Autochartist helps you estimate potential price movement over different timeframes including 1 hour, 4 hours, and 24 hours. It also guides you to the trading volume you need to set in order to remain within your risk tolerance. This trading tool, among others, makes Pepperstone one of the best brokers for algo trading.

Notably, this broker offers its traders a deep collection of market products to trade. These include market products from a variety of global markets including forex, indices, commodities, shares, cryptocurrencies, and ETFs. The trading platforms available to use include MetaTrader 4, MetaTrader 5, TradingView, cTrader, and Pepperstone Trading Platform.

On spreads, this broker keeps things within market standards. The standard account offers spreads starting from 1.0 pips for major currency pairs with no additional commissions. On the other hand, the raw account boasts even lower spreads, starting from 0.0 pips. However, it comes with a commission fee that depends on the trading platform a trader chooses. MetaTrader platforms (MT4 & MT5), TradingView, and Pepperstone's own platform all charge a commission of $3.5 per trade per side, per lot. Contrarily, cTrader offers a slightly lower commission of $3 per trade per side, per lot.

For added peace of mind, Pepperstone boasts regulation from respected authorities. These include the FCA in the UK, the ASIC in Australia, the CMA in Kenya, and BaFin in Germany, among others. This international oversight means you can trade knowing Pepperstone adheres to high financial standards.

76.3% of retail CFD accounts lose money

HFM

HFM (formerly HotForex) is another globally recognized broker that offers its traders Autochartist. This tool scans a multitude of market products in real time and automatically identifies chart patterns and Fibonacci patterns. This way, traders do not have to spend their valuable time analysing the markets. Moreover, traders can use this tool in combination with their own analysis for a broader understanding of the market. This tool is completely free to all clients of HFM.

Positively, HFM allows its traders to access over 1,000 different market products. These include CFDs on forex, indices, metals, bonds, commodities, ETFs, stocks, and cryptocurrencies. These market products are available to trade on industry-standard trading platforms that include MetaTrader 4, MetaTrader 5, and the HFM platform.

Further, the spreads offered by this broker are fairly low on its various accounts. The Premium and Cent accounts offer decent spreads starting from 1.2 pips on major currency pairs. In contrast, the Top-up Bonus account has slightly wider spreads from 1.4 pips on major pairs. Meanwhile, the Pro account offers spreads starting at 0.5 pips on major pairs. Further, the Pro Plus account boasts spreads as low as 0.2 pips on major pairs. All these five accounts do not charge a commission on forex trading. However, the Zero account charges a commission of $3 per side per lot but has spreads from as low as 0.0 pips.

Finally, this broker has regulatory oversight from a variety of financial institutions. These include the FCA in the UK, the CySEC in Cyprus, the DFSA in the DIFC, and the FSCA in South Africa, among others.

IC Markets

IC Markets is another popular broker that offers its clients access to the Autochartist tool. On this broker site, Autochartist automates the analysis process by scanning markets for potential trading opportunities. It identifies chart patterns, key support and resistance levels, and more. Notably, this platform is available through the MT4, MT5 and cTrader platforms. 

In terms of market products, clients of IC Markets are spoilt for choice. They have access to CFDs on forex, commodities, indices, futures, stocks, and metals. These trading platforms are available with some of the lowest spreads in the market which depend on the account a trader is on. There are two main trading accounts which include a standard account and a raw spread account.

The standard account offers spreads starting from 0.6 pips for major currency pairs, with no additional commissions applied. In contrast, the raw spread account has spreads from 0.0 pips plus a commission depending on the platform a trader uses. cTrader users pay a $3 commission per $100,000 traded while MetaTrader users pay a commission of $3.5 per side, per lot.

Finally, let’s see how this broker is regulated. Its activities are under the supervision of the ASIC, the CySEC, and the FSA in Seychelles, among others.

Tickmill

Tickmill integrates Autochartist for its users to automate some analysis tasks, saving them time. Autochartist scans markets for potential trades, identifies chart patterns, and even estimates price movements. It can also help with risk management. Tickmill offers Autochartist for free to all live account holders.

Positively, Tickmill operates under the supervision of the FCA, the CySEC, the FSCA, and the FSA. While regulations alone are not enough, they are a sign of brokers that follow the financial laws of the jurisdiction they operate in. 

Tickmill caters to a broad range of traders by offering a variety of instruments. This includes forex and CFDs on stock indices, oil, precious metals, bonds, stocks and cryptocurrencies. Tickmill boasts competitive spreads, with the exact cost depending on the chosen account type. Its classic account offers from 1.6 pips on major currency pairs with no commission. However, its raw account boasts lower spreads from 0.0 pips plus a commission of $3 per side per lot.

Finally, Tickmill has regulatory oversight from several institutions. These include the FCA, the CySEC, the FSCA, the BaFin, and the CONSOB in Italy.

IG

On the IG broker site, traders can launch Autochartist web from the online IG Dealing platform by clicking on Tools and then on Autochartist. This gives them access to a tool that uses algorithms to scan markets and identify potential trading opportunities based on technical analysis. It saves traders time by highlighting setups they might otherwise miss and integrates with MT4 for seamless use. Better yet, this tool is free of charge on IG.

On another note, the broker gives its traders a wide variety of trading instruments totalling over 18,000 assets. There are various global markets available, including forex pairs, indices, commodities, shares, cryptocurrencies, and ETFs. In terms of trading costs, IG offers competitive spreads. The average spreads can fall as low as 0.6 pips for major currency pairs.

Regarding regulations, this broker has licenses from a variety of financial institutions. These include the FCA, the ASIC, the FSCA, and the FINMA in Switzerland, among others. Such regulations elevate the broker’s reputation among traders.

74% of retail investor accounts lose money when trading CFDs with this provider.

OctaFX

OctaFX is the last broker we will feature on this list of Autochartist brokers. Autochartist on OctaFX is a highly valuable tool for traders seeking to enhance their technical analysis and market prediction capabilities. It identifies potential trade opportunities across a wide range of instruments and timeframes. The integration with OctaFX is seamless, allowing users to receive real-time alerts and analysis directly within their trading platform.

Traders on OctaFX gain access to CFDs on forex currency pairs, stocks, indices, cryptocurrencies, and commodities. These market products are available to trade on three different trading accounts. These accounts feature industry-standard spreads starting from 0.8 pips with no commission required on any of the accounts. Further, there are three different trading platforms that include MetaTrader 4, MetaTrader 5, and OctaTrader. Adding to the positives, this broker holds regulatory licenses from both the FSCA in South Africa and the CySEC in Cyprus. 

Benefits of Using Autochartist

• Enhanced Market Analysis - Autochartist enhances market analysis by automating the detection of trading opportunities. This saves traders considerable time and effort.

• Increased Accuracy - The tool's sophisticated algorithms increase the accuracy of pattern recognition and trend analysis, reducing the likelihood of human error. 

• Risk Management - With volatility analysis and risk management tools, Autochartist helps traders manage their risk more effectively.

• User-Friendly Interface - Autochartist is designed with a user-friendly interface, making it accessible to traders of all experience levels. 

Final Comments

Autochartist has revolutionized the way traders approach technical analysis by automating a large portion of the process. The tool's integration with various brokers enhances its accessibility and usability. Nonetheless, choosing the right Autochartist broker that aligns with your individual needs and preferences is necessary. Further, successful trading involves a combination of technical skills, risk management, and a healthy dose of discipline. Autochartist can be a valuable ally, but it's not a guaranteed shortcut to riches. As such, it should be used in conjunction with your own research and risk management strategies.