Heading into 2022, there are more and more retail investors looking for ways to build wealth. As many soon find out, trading takes up a long time, and so it leads many down a path of searching for an auto trading app that suits their needs.
This article will look to review the six best automated trading apps UK. eToro, as we will see, comes out on top – for its time benefits and accessibility for beginner traders. However, different apps can suit different traders, so it’s important to take all factors into consideration.
Key Points on Auto Trading Apps
Automated trading can be a time sink at first, with it taking a long time to fine-tune the right method, but it can be passive once fully established.
Auto trading apps let you gain exposure to the markets anytime, anywhere.
Takes less time in the long run, make faster decisions and trades, profit whilst at work or during sleep.
You can use copy trading tools to passively mimic the trades of other traders with the eToro auto trading app.
The Best Automated Trading Apps in UK
eToro – Best Auto Trading App with Copy Trading Features
MT4 via Capital.com – Best Auto Trading App With Low CFD Fees
MT5 via Libertex – Popular Automated Trading App with Competitive Fees
Zulutrade via Avatrade – Best Auto Trading App for Beginners
Ninja Trader – Trusted Auto Trading App for Forex Trading
Best Automated Trading Apps UK Reviewed
There are many auto trading apps on the market and it’s important to choose the right one. Different auto trading apps will offer certain advantages over each other, so it’s important to keep in mind your trading strategy and the markets you’re interested in when reading the auto trading app reviews.
1. eToro – Best Auto Trading App with Copy Trading Features
eToro is an Israeli trading platform that was founded in 2006 and is arguably the best auto trading app UK. Despite being almost 16 years old, it’s only in the past few years that the platform has really grown to great heights. The reason for this is in part because of what it offers to automated traders.
eToro is a hyper-social trading platform; you can follow other traders, see their posts, engage with them, and discover what more experienced traders have in their portfolio. This makes it very good for a beginner to get trading ideas, but it’s the Copy Trading feature that really takes this to a new level.
Copy Trading in eToro is where one trader can copy the trades of another trader. Instead of just following them to see their posts, you can mirror all of their transactions, so that the second they buy or sell a stock, so do you.
The automaticity of this feature makes it extremely convenient to trade. Of course, traders need to be careful who they copy, and their own research should always be considered. However, there are no other trading platforms that allow this level of accessibility for beginners, where they can instantaneously be making the trades of a professional.
Beyond just copying trades, the Smart Portfolios feature allows users to copy multiple markets based on an investment strategy that was drawn up. This is an even more holistic, long-term approach, yet remains fully automated.
As for all of eToro’s other benefits, there are plenty. The trading platform itself is intuitive and easy to use, whilst the commission is set at 0% for stocks, so no fee is incurred when buying or selling equities, and only a moderate spread is taken. Plus, eToro has instantly available fundamental data and easy-to-use charting, making it a good all-rounder for fast intermediate research.
68% of retail investor accounts lose money when trading CFDs with this provider.
2. MT4 via Capital.com – Best Auto Trading App With Low CFD Fees
Capital.com is a London-based CFD trading platform that was founded in 2016. Despite being a very new trading platform, it’s a safe and reputable firm, being regulated by CySEC and has many positive reviews.
Capital.com offer automated trading through the auto trading app Meta Trader 4 (MT4). MT4 is one of the most widely used algorithmic trading software around, which is one of its biggest advantages – it has a vast online community that is willing to help and support with issues.
Of course, this differs from eToro in that you’re building your own algorithm instead of copying another trader. Whilst being more difficult and time-consuming, it offers greater flexibility and control over your investments. MT4 has a great interface with almost 90 pre-installed indicators. There are very few other platforms that can perform technical analysis to the sophistication of MT4.
Capital.com itself is far more focused on CFDs than stocks, but there is also a good range of cryptocurrencies and currency pairs to trade with. Capital.com is also 0% commission for stock trading, but the spreads are higher than eToro.
Learn2Trade is a lesser-known trading platform that was founded in 2019. However, the British trading platform is regulated by FCA, so their age shouldn’t be too much of a hindrance.
Learn2Trade is predominantly a forex and cryptocurrency trading platform. It has a vast amount of useful educational resources on how to trade and is very much a 24/7 service given that forex markets never sleep.
However, Learn2trade is very different from the other platforms. They don’t allow Copy Trading, and they’re not used to building bespoke trading robots. Instead, they provide automated trading signals, which are signals they have created from a variety of analyses, and can help you automate your trades through these signals, notifying you upon receiving such signals.
These can be powerful signals that are hard to recreate as a retail investor. However, they focus mostly on forex and crypto but do offer some free signals upon opening an account. Plus, this process isn’t fully automated from head-to-toe like some other platforms here.
4. MT5 via Libertex – Popular Automated Trading App with Competitive Fees
Libertex is a veteran trading platform, having been founded in 1997. The platform is currently based in Cyprus and is regulated by CySEC. Libertex, like Capital.com, is predominantly a CFD and forex trading platform. Whilst there is commission, spreads are very low and competitive on Libertex. Furthermore, Islamic accounts are also offered, along with demo accounts.
Libertex is a popular option for automated trading because it has integration with the auto trading app Meta Trader 5. Whilst MT4 is the preferred choice of many due to being more established within the community, MT4 has its advantages too – it’s more suited to non-forex trading and allows further backtesting than MT4.
Libertex can also be used with CTrader Automate, which has a C# API and an IDE to turn trading ideas into a reality. Of course, the MT5 software uses MQL5 instead, and is generally the popular option, with a wide array of advanced signals and bot-creating features.
One of the biggest benefits of using Libertex is that it allows scalping, so very active, higher frequency trading techniques work well here – as well as having competitive spreads.
Ultimately, Libertex highly global auto trading app, with many language translations, and has been around long enough to know the importance of good phone, email, and live chat support. It’s one of the best automated stock trading platforms, but only if you’re interested in CFDs and using Meta Trader.
74% of retail investor accounts lose money when trading CFDs with this provider.
5. Zulutrade via AvaTrade – Best Auto Trading App for Beginners
Founded in 2006, AvaTrade is a widely regulated CFD broker. AvaTrade is a unique trading platform in that it doesn’t have built-in social trading like eToro, but it does offer something similar through third parties such as Zulutrade.
In fact, Zulutrade is a very versatile program, offering both algorithmic-building capabilities as well as Copy Trading. The auto trading app has two main sections: signal providers and followers. The signal providers are the traders who are letting their portfolio and trading activity to be seen publicly and copied, whilst the followers are the ones doing the copying.
The ZuluScript allows users to create scripts, such as parameters for your trading bots, whilst the Automator is a notification that’s sent via email on any new activity you have done. However, there is a monthly subscription fee of $21 for using Zulutrade, plus a spread, and a $500 minimum deposit.
Also, it’s extremely important to remember that some of the signal providers are using demo accounts yet have many followers; followers that are copying the trades with real money yet the trader being copied is using fake, demo money. This could cause issues with risk.
AvaTrade itself offers very good research functionality for technical traders and offers great CFD fees.
Supported Stock Markets
600 individual stock CFDs
Overnight fees + variable spread
Inactivity fee after 3 months
15 years of experience
Good charting and trading ideas
Intergration with Zulu for copy trading
High minimum deposit when using third parties like Zulu
71% of retail investor accounts lose money when trading CFDs with this provider.
6. Ninja Trader – Trusted Auto Trading App for Forex Trading
NinjaTrader is a US-based auto trading app that was founded in 2003. The platform charges an account fee for the premium features, but the features on offer can be great for investors looking to automate their trades. The platform also has a brilliant education section, with many videos, webinars, and platform guides.
NinjaTrader is only used for options and futures, as it doesn’t offer stocks, ETFs, forex, or even CFDs. This is bad news for most traders, but for traders focusing on options and futures, this may not be an issue. 7 futures markets and 4 options markets are available.
One of the biggest benefits of NinjaTrader is that you can build automated trading strategies inside the platform with no third parties. Backtesting can be conducted, automatic ordering and stop losses, ATM strategies, and many other functions to further automate your trading. This is more accessible than some other platforms that rely on the integration of third parties, plus, Ninja Trader has a very intuitive UI and a deep pool of learning resources to make it easy.
As we can see from the platform reviews above, there is a wide range of ways that a platform can facilitate automated trading. Automated trading apps come in different forms, so in case there was still any confusion, here is a quick summary of the three main types of automated trading apps. Alternatively, if you’re looking for the best day trading apps, you can read our full guide here.
Copy Trading Apps
The best automated trading app is up to the individual themselves, as all of our trading needs are different. However, Copy Trading apps are arguably the best for beginners. The most popular and accessible copy trading app is eToro.
Copy Trading is where users assign their trades to an investors trades, and thus their account mirrors theirs. If the experienced investor buys more Tesla, your account automatically purchases Tesla right after. Furthermore, eToro goes a step further with Smart Portfolios, which “copy multiple markets based on a predetermined investment strategy”.
Of course, the limitation here is that traders may not learn more about trading from doing this alone. However, it can save traders from losing money through amateur mistakes and be a fast-track way into automated trading.
Automated Trading Robots
Automated trading robot is a term used to refer to algorithmic trading that’s predicated on market signals. Whilst trading bots can of course be created for stocks, CFDs, and so on, we can break automated trading robots into two main categories: Forex and Crypto.
Forex Trading Robot
Forex trading robots are widely popular because of the liquid, 24/7 market of currency. They’re designed to mitigate the human errors we make from psychological and irrational urges, and instead run our strategy in a pure, logical way that is uninterrupted.
The most popular auto trading apps for forex trading robots are MT4 and MT5. Although the former is more widely preferred, MT5 is more suited to forex trading, with many indicators that can be incorporated into the trading robot. Orders are executed quickly and without hesitation, whilst entire strategies can be backtested against historical data.
Crypto Trading Robot
With the rise of cryptocurrency, it’s inevitable that many traders want to automate their trading in this space too. Plus, the market is arguably less overrun by big bank trading robots, and retail investors have more of an influence. This could make it easier to perform well with your own amateur trading bot, instead of being beaten by banks that use high frequency, state-of-the-art infrastructure.
Platforms like the Bitiq app have their own AI-driven programs that can make up to 100 trades per minute, with high accuracy. BitIQ uses Natural Language Processing to read breaking news and other human language to determine very quickly if Bitcoin should be bought or sold. Of course, Bitcoin volatility is high and it’s difficult for even AI programs to turn a reliable profit.
Automated Trading Signals Apps
Automated trading signals is a way to buy/sell assets automatically, but is derived from advice. This advice is a platform such a learn2trade or cryptosignals.org, which provide such signals for trades. When the trade is complete the provider notifies the investor that the trade is complete – which is slightly different to ordinary trading bots.
Political, economic, natural disasters and many other indicators are often used. Platforms such as learn2trade provide unique and powerful signals that would be difficult to acquire or even think of on your own, making it slightly more accessible than say, building a trading algorithm in C# from scratch.
Best Automated Stock Trading App
The best auto trading app depends on the trader and their strategy, personality, and preferences. However, with all things considered, eToro is the best auto trading app (UK) for beginners. The reason for this is because Copy Trading can be a great stepping stone into the world of automated trading and it involves no third party software. Furthermore, the Smart Portfolios feature offers an automated approach to a more holistic long-term approach, putting the portfolio first, and copying markets based on such as strategy.
This makes the platform incredibly easy to use with a very small learning curve. Furthermore, it’s free unlike Zulutrade, and commission is 0%. Many platforms allow algorithms to be built from scratch, which eToro does not, making MT5 via Libertex a good alternative for this use case.
Another reason for eToro being the best auto trading app (UK) is because of the selection of markets. Whilst most platforms focus purely on CFDs, or forex, eToro offers products within forex, CFDs, stocks, ETFs, and crypto. This means that there are more opportunities for automated trades, which makes the scope for potential profit greater.
Plus, the traders that you’re copying on eToro can be bundled together, which creates Smart Portfolios. This allows traders to focus on themes and holistic strategies, instead of copying trades with no long-term view of your portfolio. Ultimately, it’s difficult to displace eToro’s number one position as the best automated trading platform UK.
eToro, for all of the reasons stated above, remains in the number one position as the best automated bitcoin trading platform. In regards to cryptocurrency specifically, the platform has 40+ different cryptocurrencies. This may not sound like a lot, but it’s common for crypto traders to stick with the high-cap cryptos due to being more stable, established, and have more historical data.
The higher volatility of crypto can lead to more potential for intraday profit (and losses), and can still be facilitated through eToro’s Copy Trading feature.
However, for those looking for a platform with a bigger focus on crypto, and a wider selection, Bitiq is a reliable option. Bitiq is a program backed up by sophisticated AI-driven algorithms that can analyse markets on your behalf – as well as carry out the trades for you. It’s likely that the analysis from Bitiq is more sophisticated than most retail traders’ self-made algorithms, although this isn’t to say it’s guaranteed to turn a profit.
Best Automated Forex Trading App
The best automated trading app for forex will depend on whether or not you want to build your own trading robot or not. If you’re not ye confident on programming an entire trading robot yourself, then eToro remains the number one choice. Competitive spreads, 45 currency pairs to choose from, and the Copy Trading function, eToro is a great choice to automate your forex trading.
The charting is fantastic if you want to intervene with some manual trades, and there are many traders to copy that focus solely on forex – these will trade throughout the night whilst you’re asleep.
However, for those wanting more control and customization over their automated forex trading, using MT5 via Libertex is a great option. MT5 is fantastic for assessing forex indicators, turning the trading strategy hypothesis into a working model, and backtesting your strategy. These two combine as the best automated trading platforms for more advanced traders looking to create a unique edge.
Verifying Auto Trading App Results
When automating your trades based on other traders activity or the indicators provided by certain platforms, it’s important to seek out their results. On eToro, this is easy, because the traders’ portfolios are public and the data is easily visualised. However, for other platforms, you may need to do some digging to avoid automating a poorly constructed strategy.
Companies that act like a Robo Advisor or an automated fund should declare their results, although it may be in the small print. This can usually be found with a simple Google search of “X platform historical performance”. For companies that offer automated trading signals and such, this can be a little more challenging.
However, some people go to the effort of using their own money and putting the platform to the test, so it’s possible to find reviews of individual investors’ performances using the platform. It may not be wise to take a single person as concrete evidence, but weighing up various results from different places on the internet can give a clearer idea.
How to Get Started with an Automated App
If you’re looking to get started with automated investing, here is a step-by-step guide. Considering that eToro is the best auto trading app for most people, we will use them in our example.
Step 1: Finding the top investors
After signing up/logging into eToro, find the menu button in the top left of the screen. From here, you click on discover.
The discover page will present to you the global markets, top investors, and the Smart Portfolios feature. Click on “View all” under the CopyTrader section to see all of the traders you can copy.
Step 2: Refining your search
Next up, instead of just browsing the most copied traders, you should refine your search. If you’re looking to invest in equities or currency, or traders only from Spain, then you can fill in this information at the top. Press go after selecting your criteria.
You will be presented with the results in a long list form. You can see a few basic points of information, such as their portfolio return, risk score, how many copiers they have, and weekly DD.
Step 3: Assessing Investor’s Portfolio
If you select an investor, their page will come up to view more data. From here, you can view their historical performance and holdings in a lot more detail, such as how they performed on a month-to-month basis.
Step 4: Copying the trades
Finally, if you’re happy with the performance and holdings of that trader, then press the blue “Copy” button in the top right. You will be presented an amount you want to copy them by, select this here, and then press copy to finalise your automated trading.
Automated trading is not only used to save time and trade during opportunities where we are busy, but it’s also there to mitigate our psychological errors and human errors. Whilst these are simply transferred to the source investor in Copy Trading on sites like eToro, it’s possible that the source investor is far more experienced and accustomed to managing these human errors.
Overall, it is recommended that traders perform their own research regardless of what auto trading app they pick, and keep a very close eye on the activity and performance of their automated trades. It’s important to remember that you’re always responsible for your trades. As such, we recommend eToro as the best automated trading app because it offers copy trading tools, low fees, a user-friendly trading platform, and is fully regulated by several top-tier financial authorities including the FCA.
eToro – Overall Best Automated Trading App UK with Low Fees
68% of retail investor accounts lose money when trading CFDs with this provider.
Frequently Asked Questions on Auto Trading Apps
Which automated trading apps are there?
There are many auto trading apps on the market and many different types. eToro is the largest Copy Trading app, in which users can automatically copy the trades of other investors. Whilst there are very few automated stock trading platforms with Copy Trading, there are many trading platforms that facilitate automated trading through using signals provided or building trading robots; such as Capital.com, AvaTrade, Libertex, and Ninja Trader, many of which use third-party software to help build the strategies.
Are auto trading apps foolproof?
In many ways, auto trading apps are more foolproof than manual trading. They help mitigate psychological biases, such as the poor decisions that come from stress or heuristics, but they’re not totally foolproof. Traders are still required to have some level of expertise in order to choose the right traders to copy or signals to follow, and historical results aren't a reflection on future performance.
What is the best auto trading app UK?
The best auto trading app is eToro. At its core, the platform has a wide range of markets, with 0% commission stock trading and a very easy-to-use interface. What separates it from other platforms is its Copy Trading feature, allowing users to automate trades in accordance to proven, successful traders. This makes it the best auto trading app, by being highly accessible, cheap, and social.