Best Broker for FX and FX options automated trading?

[MrBrilliant]

I've been playing around with an FX options strategy on my spread-betting account and I'd like to try to automate it on the real market.

I've never trading outside of spread-betting before, so I would appreciate if anyone has any suggestions on where I can open an account.

Primarily, I need to be able to:
* trade FX pairs intraday as well as Daily and Weekly FX options.
* hook up my program to trade automatically.
* be able to intervene and open/close positions manually in case my program crashes.

Any suggestions would be greatly appreciated! (I'm based in London if that makes a difference.)

 

[MrBrilliant]

Also, low-commissions would be nice as I do about 10 trades/day.

 

[MrBrilliant]

No suggestions? A nudge in the right direction?

 

[wrongturn]

It is true that not all brokers accept EA's. My broker accept all EA's but the EA's must be in accordance with the client agreement, else all profit made from the use of such EA's will be canceled.

 

[MrBrilliant]

It is true that not all brokers accept EA's. My broker accept all EA's but the EA's must be in accordance with the client agreement, else all profit made from the use of such EA's will be canceled.

What's an EA?

 

[random12345]

No suggestions? A nudge in the right direction?

To be honest I can't think of other brokers besides Interactive Brokers that could offer what you want in terms of both OTC FX and FX Options through the same automated platform on a commission based model, but they only offer 40:1 leverage now I think.

 

[MrBrilliant]

Yeah Interactive Brokers also require a £10,000 minimum deposit which I think is a bit excessive..

 

[bigmistake]

I'm trading with HotForex and seems it's good for your needs. Try it!

 

[MrBrilliant]

I'm trading with HotForex and seems it's good for your needs. Try it!

HotForex raises a few red flags for me (e.g. 1:1000 margin ratio?!) Also they seem to require at least $50,000 for the automated trading account, unless I'm mistaken?

 

[Pat494]

Many brokers now use MT4 or MT5.
All for free - no expensive US style add-ons, updates etc.
I use Alpari (UK) - fully regulated

 

[MrBrilliant]

Many brokers now use MT4 or MT5.
All for free - no expensive US style add-ons, updates etc.
I use Alpari (UK) - fully regulated

Thanks Pat.

Can you trade Options with MT4/MT5 as well?

 

[Pat494]

Thanks Pat.

Can you trade Options with MT4/MT5 as well?

Don't think so but I don't trade them