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Affiliate Disclosure adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

3 Top Autochartist Brokers [month, year]

Autochartist is a popular third-party market analysis tool. This page will explain how to get it for free. I’ll also examine the best usage of Autochartist and what to look for in Autochartist brokers.

The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Industry-leading beginner education via the Ava Academy.
VPS hosting for 24/5 low-latency Forex trading.
The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Autochartist plugin for the MT4/MT5 trading platforms.
A well-balanced selection, including cryptos and ETFs & low trading fees.
The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Autochartist plugin with the fourth tier of the four-tier Status program.
50% deposit bonus & $31M+ in paid-out bonus funds/

  • AvaTrade, Highly regulated, choice of fixed or floating spreads.
  • Pepperstone, Great ECN execution on MT4 platform.
  • Octa, A commission-free broker with a proprietary copy trading service.

Best Autochartist Brokers Comparison

ASIC, BVI, Central Bank of Ireland, FFAJ, FSCA, KNF, MiFIDASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBCySEC, FSCA, MWALI International Services Authority
Year Established
Execution Type(s)
Market MakerNo Dealing Desk, NDDMarket Maker
Minimum Deposit
Average Trading Cost EUR/USD
0.9 pips1.1 pips0.9 pips
Average Trading Cost GBP/USD
1.5 pips1.6 pips1.3 pips
Average Trading Cost Gold
$0.29 $0.20 $0.30
Trading Platform(s)
Other, MetaTrader 4, MetaTrader 5, Web-based+MetaTrader 4, MetaTrader 5, cTrader, Trading ViewMetaTrader 4, MetaTrader 5, Proprietary platform
Islamic Account
Negative Balance Protection


In Summary Highly regulated, choice of fixed or floating spreads

AvaTrade offers excellent trading platforms and reasonable commission-free trading fees from 0.9 pips or $9.00 per lot. Besides MT4/MT5 for algorithmic traders, with support for Autochartist, traders can use the proprietary WebTrader and mobile app AvaTradeGO. Alternatively, they can use the specialized trading platforms Ava Option and Ava Social. A free demo account for four of the trading platforms is also available.

I rank AvaTrade high on my Autochartist brokers listing as it offers a well-balanced asset selection, including cryptocurrencies, ETFs, and options. Beginners also benefit from the MT4 Guardian Angel plugin and the fee-based Ava Protect insurance policy, which protects against losses.

Read more on AvaTrade »
4.9/5 in this category

Pros & Cons

  • High quality educational offering via AvaAcademy
  • Excellent choice of trading platforms catering to various trading needs
  • Broad asset selection and cross-asset diversification opportunities
  • Well-regulated and trusted broker with oversight from a central bank
  • Trading costs competitive but nothing special


In Summary Great ECN execution on MT4 platform

I rank Pepperstone among the most competitive Autochartist brokers due to its excellent trading platform upgrades and tools. Traders get the 28-plugin Smart Trader Tools package upgrade for MT4/MT5. However, Capitalise AI, which supports algorithmic trading in a code-free environment, separates Pepperstone from most competitors. Pepperstone also offers cTrader and TradingView, where 50M+ social traders interact and share ideas.

Customer support is available 24/5 + 18/2. VPS hosting allows for 24/5 low-latency Forex trading and 24/7 cryptocurrency trading with deep liquidity. Pepperstone also supports API trading, allowing clients to connect advanced algorithmic trading solutions to the cutting-edge Pepperstone infrastructure.

Read more on Pepperstone »
4.8/5 in this category

Pros & Cons

  • Excellent choice of trading platforms consisting of MT4/MT5, and cTrader
  • Market-leading MT4/MT5 upgrade package, Autochartist, and API trading
  • Social trading support via Myfxbook, MetaTrader Signals, and DupliTrade
  • Leverage of up to 1:30 and superb trade execution
  • Demo accounts have 30-day time limits


In Summary A commission-free broker with a proprietary copy trading service

Octa shines with attractive trading fees, offering commission-free Forex spreads from 0.6 pips or $6.00 per 1.0 standard round lot. It adds to its pricing advantage by offering swap-free trading on many assets to all traders. A generous leverage of 1:500 with negative balance protection ensures advanced traders can manage their portfolios competitively.

The $25 minimum deposit ensures accessibility to all traders. Commission-free, instant deposits and withdrawals with fast processing times make Octa one of the best Autochartist brokers. Traders get MT4/MT5, plus the OctaFX proprietary web-based trading platform and mobile apps.

Read more on Octa »
4.7/5 in this category

Pros & Cons

  • Quick withdrawals and deposits
  • 0% commission and no overnight charges
  • Space with personalised trading ideas
  • Customer Support 24/7
  • Mobile copy trading services available only for Android

What Autochartist Is and How to Use It with a Forex Broker

Autochartist is a trading platform or charting software plugin featuring automated chart pattern recognition software. It generates trading recommendations based primarily on technical indicators, momentum, and candlesticks. Autochartist brokers offer it free of charge, which automatically runs once with the trading platform launch after traders install it. A web-based alternative is also available.

The Four Core Benefits of Autochartist

What Fees Should You Consider with a Broker Offering Autochartist?

While Autochartist brokers offer Autochartist free of charge, often intended as a marketing tool to attract and retain beginner traders, traders must consider trading fees, which directly impact the profitability of their strategy.

Here are the fees traders should consider with Autochartist brokers:


  • Competitive commission-free trading fees should not exceed $9.00 per lot, which equals 0.9 pips on major currency pairs.
  • Competitive commission-free fee will offer raw spreads from 0.0 pips with a commission not exceeding $7.00 per lot with a volume-based rebate program.

How to Choose the Best Autochartist Broker Account

Not all Autochartist brokers provide competitive trading environments.

Here are a few tips on what to look for when choosing the best Autochartist brokers:

  • Low trading fees
  • Flexible leverage
  • Deep liquidity with fast order execution
  • Volume-based rebates
  • Choice of liquid assets
  • VPS hosting for low-latency 24/5 Forex trading
  • Payment processor choices
  • No withdrawal fees, small minimum withdrawal amounts, and fast processing times

What Is the Best Leverage to Use with Autochartist Accounts?

The best leverage depends on individual preferences, and there is a difference between maximum and utilized leverage. Most Autochartist brokers ensure Forex traders get 1:500 leverage on major currency pairs, but primarily, risk management measures determine potential losses, not leverage settings.

What to Avoid When Choosing a Forex Broker with Autochartist

Traders should avoid Autochartist brokers with high trading fees. Autochartist does not partner with every broker and avoids unregulated brokers and those that lack transparency. Responsive customer support is essential, as this can resolve trading issues. However, traders should avoid Autochartist brokers that rely on aggressive marketing campaigns or insist on having representatives call traders to push for higher deposits under the guise of expert support to help traders earn money.

How to Start Trading with Autochartist

Autochartist automatically runs after traders install it and launch their trading platform. Autochartist brokers provide the installation files for trading platforms and Autochartist. Traders will receive alerts every 15 minutes with each recommended trade and can manually take a suggested position.

Trading with Autochartist: Pros & Cons

Before trading with Autochartist brokers, traders should consider the pros and cons of Autochartist.

The Pros of Autochartist

  • Automated chart pattern recognition
  • Technical analysis on numerous assets at 15-minute intervals
  • Actionable trading recommendations
  • Educational content

The Cons of Autochartist

  • Traders may rely excursively on Autochartist for trading signals.
  • Lack of long-term accuracy among traders, with some reporting accuracy as low as 30%.

Bottom Line

Autochartist brokers can offer beginners an edge with embedded educational content. The automated chart recognition feature is beneficial and will help traders analyze markets if their strategy uses the same indicators. Traders should, however, beware of blindly following Autochartist trading recommendations.


How to get Autochartist for free?


Traders can get Autochartist for free by trading with brokers offering Autochartist for free.

How to install Autochartist on MT4?


The Autochartist installer will automatically find all compatible MT4 platforms. Traders must select the one on which they wish to install the Autochartist plugin and follow the on-screen instructions. Following the installation, Autochartist will automatically launch with MT4.

How does Autochartist work?


Autochartist automatically scans trading charts to find actionable trading opportunities using technical chart patterns, Fibonacci patterns, horizontal support levels, horizontal resistance levels, extreme movements, consecutive candles, and macroeconomic forecasts. It then issues alerts to traders, who must manually accept trades.

Does Autochartist work with TradingView?


Per TradingView, Autochartist uses TradingView charts, meaning Autochartist is available at brokers using TradingView. TradingView also states that the Autochartist Code Library integrates Autochartist patterns into TradingView charts.

What is the success rate of Autochartist?


The success rate of Autochartist depends on various factors. While Autochartist claims a success rate between 70% and 80%, some traders reported it at 30% with many false positives. The fact that 70% to 90% of traders lose money confirms that Autochartist does not consistently generate the success rate it claims.

What is Autochartist?


Autochartist is a multi-language financial analysis tool featuring automated chart pattern recognition software. Several Forex brokers offer it to attract and retain traders, as it generates actionable trading signals.

Christopher Lewis
About Christopher Lewis

Christopher Lewis has been trading Forex for several years. He writes about Forex for many online publications, including his own site, aptly named The Trader Guy.