How to Choose a Forex Broker for Automated Trading

1. Execution and slippage

Bots trade more often than humans. Small execution differences compound fast — favour ECN/raw accounts from brokers like IC Markets or Pepperstone.

2. Total cost per trade

Spread plus commission is your real cost. A "zero commission" account with wide spreads usually loses to a raw account for high-frequency strategies.

3. VPS and uptime

If your bot must run 24/7, a VPS near the broker's servers cuts latency. Some brokers (e.g. RoboForex) offer free VPS to active traders.

4. API and platform support

MT4/MT5 EAs are the standard, but check for cTrader and REST API access if you build custom tooling.