com, our evaluations of online brokers and their products and services are based on our collected quantitative data as well as the qualitative observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the online forex brokerage industry, and we evaluate dozens of international regulator agencies learn more about how we calculate Trust Score.

Our research team also examines all publicly available API documentation in online broker resource portals and in GitHub repositories. All web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running macOS Ultimately, our rigorous data validation process yields an error rate of less than. Click here to learn more about how we test. There is a very high degree of risk involved in trading securities.

With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.

Read more on forex trading risks. Steven Hatzakis is the Global Director of Research for ForexBrokers. Steven previously served as an Editor for Finance Magnates, where he authored over 1, published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U. as a Commodity Trading Advisor CTA. John Bringans is the Senior Editor of ForexBrokers.

An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.

Blain Reinkensmeyer has 20 years of trading experience with over 2, trades placed during that time. He heads research for all U. com and is respected by executives as the leading expert covering the online broker industry. com is committed to the highest ethical standards and reviews services independently. Learn How We Make Money. Home Forex Guides Directory. November 15, Pros Excellent platforms and tools High-quality market research Cons Pricing is slightly higher than industry average Narrow range of tradeable markets.

Pros High-quality market research Excellent options for algorithmic trading Cons Fees trail discount leaders Limited tradeable products. Pros Robust platform for professional traders Wide range of global markets Thorough research offering Cons Trader Workstation platform is likely too complicated for inexperienced traders.

Pros Flagship platform is top of the line Over 40, tradeable instruments Excellent customer service Cons High minimum deposit. IG Labs REST and Streaming API Minimum Initial Deposit £ Pros Outstanding platforms and tools Over 19, tradeable instruments Competitive pricing Cons No predefined layouts on the flagship web platform Limited product range on MT4. Pros Multiple high-quality platforms Excellent market research Wide range of markets Cons Only about instruments are available on the MT5 platform, compared to over 4, on non-MetaTrader platforms.

Pros Outstanding platform in thinkorswim Thorough research offerings Excellent educational materials Cons Does not offer copy trading Forex pricing is slightly higher than industry average. What are APIs? What is a Trading API?

terminal Note: Some API connections can be as rudimentary as a few lines of code or an excel spreadsheet, while others may be a fully-fledged trading platform.

Pros Live market data and executable prices. Historical market data and prices, allowing API users to analyze markets and chart client sentiment. Risk management tools and features, such as stop-loss and take-profit limits.

Immediate execution and instant confirmation, so orders can be carried out through their own trading platform. Cons API trading requires development time and ongoing maintenance, which can be costly. Generally speaking, programming knowledge and skills are required. The extent of this skill requirement will depend on your forex broker. In the context of retail investing, brokers offering FIX API technology provide a superior service that offers a direct connection between traders and tier-1 liquidity providers, meaning that trades are executed with no latency and with ultimate precision.

You can use a forex FIX API to build secure, automated trading systems in the FIX protocol. Your forex system can be set up to access streaming and historical price quotes, and place market or limit orders over secure communication channels. Any orders you generate will be automatically routed to the brokers liquidity pool and executed at any time the markets are open.

Therefore, a forex FIX API can give you an around the clock automated forex solution for ultra-low latency trading. The REST API includes standard endpoints that are used by a wide variety of web services. FIX is a point-to-point protocol between two parties as opposed to a broadcast protocol one to many.

The FIX API uses FIX Financial Information eXchange , a standard protocol which can be used to enter orders, submit cancel requests, and receive fills. Most forex brokers that offer automated trading provide some form of API connectivity.

You should look for a variety of forex trading API features, such as forex robots and automated trading systems, integrated trading data and pricing histories, and the ability to connect to custom trading platforms. Keep in mind that some forex brokers reserve their APIs for institutional clients, and some may require that you meet a certain minimum deposit threshold or trading volume requirement in order to be eligible for FIX API access.

You can see a selection of our best forex brokers with FIX API trading in the table below. FIX API connection allows professional or sophisticated traders to send orders for execution directly to our pricing engine while offering ultra-low latency and high-speed connectivity.

If you are an average retail trader with basic forex strategies then you might need necessarily need a forex broker with FIX API. However, if you are running demanding automated strategies or scalping systems that rely on the best possible market prices at all time, then a trading forex with a FIX API can certainly help.

Keep in mind, you will at least need some basic programming skills to be able to implement FIX API trading into your forex strategies. You could even combine it with a forex VPS for the best possible trading conditions. Richard Montana Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others.

For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker.

This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs.

You can read more about our review process. Forex trading in the United Arab Emirates is very popular, with many forex brokers accepting….

Buying and selling currencies is popular amongst residents of Singapore who are looking to speculate…. Forex trading is very popular in Indonesia. Forex Brokers UK. Forex Brokers USA. Forex Brokers Canada. Forex Brokers South Africa. Forex Brokers Kenya. Other Countries. BrokerTested Awards Broker Comparison. XM vs IC Markets. XM vs Pepperstone. eToro vs Trading IC Markets vs Pepperstone.

Trading vs Plus All comparisons. B2B Directory Listing. Liquidity Provider. White Label Provider. Technology Provider. Platform Provider. Market Data. Copy Trading. Payment Provider.

Turnkey Solution. Back Office Systems. License for Sale. Brokerage for Sale. Other directories. About us. Top Forex Brokers with API Post author By George Rossi Post date February 24, No Comments on Top Forex Brokers with API What is Forex API trading? Forex High Frequency Trading Broker API Best Forex Brokers API Forex Trading API Broker Beginners Best API Trading Platform Best Low Spread Forex Broker API connection Forex Brokers that offer API List Forex Trading API free US Brokers with APIs.

For this list, we searched and tested several Forex Brokers with API. Trading Platform Programming Language 🖥 MetaTrader 4 MT4 MLQ4 💻 MetaTrader 5 MT5 MLQ5 📈 cTrader C 📉 TradeStation EasyLanguage 📱 NinjaTrader 8 C 📊 ActTrader ActFX Among the most popular brokers that support API access in the traditional stock and futures markets are the following: TradeStation TD Ameritrade Interactive Brokers Anyway, there are also smaller forex brokers with API that have developed access over time.

Forex High Frequency Trading Broker with API High-frequency trading enters and exits positions in a matter of split seconds, by using sophisticated algorithms and high technology. We have picked several high frequency trading forex brokers with API: OANDA GO Markets CMC Markets Best Forex Brokers with API For this review we have tested a number of forex brokers with API. Based on our tests we have chosen the following best forex brokers with API: OANDA Interactive Brokers Forex.

com IG Best Overall Broker with API for Forex Trading We have picked OANDA as the best overall forex broker with API. Best Forex Trading API Broker for Beginners We picked IG as the best forex broker with API for beginners. Best API Trading Platform Forex Broker We picked Interactive Brokers as the best trading platform forex broker with API. Best Low Spread Forex Broker using fix connection API We picked Forex.

com as the best low spread forex broker with API. Forex Brokers that offer API List We have created a list of the forex brokers with API. Forex Broker Trading Platforms API Trading Our Review FxPro MT4, MT5, cTrader, FxPro EDGE Yes FxPro Review Admiral Markets MT4, MT5 Yes Admiral Markets Review BlackBull Markets MT4, MT5 Yes BlackBull Markets Review GO Markets MT4, MT5 Yes Go Markets Review XM MT4, MT5 Yes XM Review FXTM MT4, MT5, FXTM Trader Yes FXTM Review Vantage FX MT4, MT5 Yes Vantage FX Review ICM Capital MT4, MT5, cTrader Yes ICM Capital Review Tickmill MT4 Yes Tickmill Review ThinkMarkets MT4, MT5, ThinkTrader Yes ThinkMarkets Review Amana Capital MT4, MT5 Yes Amana Capital Review FP Markets MT4, MT5, IRESS Yes FP Markets Review AxiTrader MT4 Yes Axi AxiTrader Review INFINOX MT4 Yes INFINOX Review  FAQ and More on Online Forex Trading API Traders often have many questions related to generic trading-related queries about Forex Brokers with API.

Forex Trading API free Most APIs are provided to traders free of charge. US Brokers with APIs There are many brokers in the US with different offerings and different degrees of reliability.

Based on our tests we have chosen the following US forex brokers with API: InteractiveBrokers TradeStation Forex.

Written by Steven Hatzakis Edited by John Bringans Fact-checked by Blain Reinkensmeyer. The ForexBrokers. com annual forex broker review six years running is the most cited in the industry. With over 50, words of research across the site, we spend hundreds of hours testing forex brokers each year. Here's how we test. The versatility and utility of Application Programming Interfaces APIs in our interconnected world have made them increasingly common in a wide variety of contexts.

Trading APIs unlock the ability for institutions or retail traders to connect their own custom trading platforms or their preferred third-party software to their forex broker trading accounts. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Here are the best forex brokers for trading APIs, based on our in-house research and testing learn more about how we test :.

For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at FXCM is just average. Read full review. A trusted global brand, OANDA stands out for its reputation and quality market research.

Its regulatory track record is strong, and its support for third-party features bolsters its overall offering. Interactive Brokers is a highly trusted multi-asset broker with an extensive offering of tradeable global markets. It delivers competitive fees and high-quality research and education, as well as a modern, institutional-grade trading platform suite. Saxo Bank is an exclusive multi-asset broker with brilliant research and a superb trading platform experience — as well as a stunning selection of over 40, securities.

IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets. com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe.

It offers a wide range of markets and provides an impressive suite of proprietary platforms — alongside limited access to MetaTrader. For traders in the U. An Application Programming Interface API is a kind of coding or set of codes that is used to enable connections — or, transactions — between software applications, databases, operating systems, and servers. One side of the transaction usually known as the client will send a request to access the data or features of an API-connected application or database.

Practically speaking, this means that traders who utilize APIs are not committed to using the application or platform supplied by their broker. Trading APIs provide the ability to send and cancel orders, retrieve live prices and historical data, and access account details such as balances and current market prices. Some API connections can be as rudimentary as a few lines of code or an excel spreadsheet, while others may be a fully-fledged trading platform.

MetaTrader, the wildly popular forex trading platform, is a well-known example of a third-party software suite that connects to your forex broker by API. Read our MetaTrader guide to learn more about the platform, and check out our MetaTrader 5 guide to get an in-depth look at the newest version of the MetaTrader software.

Most forex brokers that offer automated trading provide some form of API connectivity. We've evaluated trading APIs from the best forex brokers in the industry, and determined which of those offerings stand out as exceptional.

Read about our top picks for the best forex brokers for trading APIs:. FXCM is our top choice for API trading. Four APIs are available, including REST, JAVA, FIX, and its ForexConnect proprietary software development kit SDK. FXCM also offers a plethora of public resources to aid your coding projects, including dedicated Python packages that can be installed from the command line using Python, as well as open-source code for its public APIs on its GitHub page.

Read our full-length review of FXCM. OANDA is another excellent choice for API trading, due to its robust documentation and the resources available in its developer portal. Three APIs are available: FIX, MT4, and the versatile v20 REST API. Like FXCM, OANDA has plenty of resources on its GitHub page , with public open-source code repositories to complement its API offering.

Check out our full-length review of OANDA. Interactive Brokers offers a comprehensive API offering. Traders can place orders, view positions, monitor portfolios, and automate trading strategies. Learn more about Interactive Brokers' API offerings on the IBKR Trading APIs site , and read our full-length review of Interactive Brokers.

Nearly all forex brokers that offer automated trading provide API connectivity, and even brokers that do not offer algorithmic trading may provide an API for public access. We've put together a list of the best forex brokers that provide free public API access:. Some forex brokers reserve their APIs for institutional clients, and some may require that you meet a certain balance threshold or trading volume requirement in order to be eligible for API access.

Connecting with a third-party program will require that you enter your API keys. Make sure to keep your API keys as secure and protected as you would any password s for your brokerage account. Now that you've seen our picks for the top seven brokers for trading APIs, check out the ForexBrokers. com Overall Rankings for forex brokers. Check out our full-length, in-depth forex broker reviews. com 99 XTB 95 City Index 99 eToro 93 Swissquote 99 AvaTrade 93 Plus 98 FXCM 96 OANDA 92 FP Markets 86 Admiral Markets 87 IC Markets 86 Capital.

com 77 Markets. com 98 XM Group 90 Pepperstone 93 FxPro 90 Tickmill 82 Fineco Bank 92 HYCM Henyep 86 DooPrime 84 HFM 85 FlowBank 77 BDSwiss 83 Vantage 83 TMGM 79 Trading 77 Moneta Markets 71 Trade Nation 83 BlackBull Markets 74 ACY Securities 75 Eightcap 87 ThinkMarkets 86 VT Markets 71 easyMarkets 84 Exness 74 Spreadex 70 IronFX 84 RoboForex RoboMarkets 69 Trade 75 GKFX 66 AxiTrader 83 Vestle 79 FXOpen 80 TeleTrade 67 OctaFX 67 Forex4you 62 LegacyFX 75 FXPrimus 69 Alpari 67 GBE brokers 69 TopFX 67 ATFX 70 UFX 67 Libertex Forex Club 72 Xtrade 80 Tradeo 67 View More Was this helpful?

Yes or No. At ForexBrokers. com, our evaluations of online brokers and their products and services are based on our collected quantitative data as well as the qualitative observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the online forex brokerage industry, and we evaluate dozens of international regulator agencies learn more about how we calculate Trust Score.

Our research team also examines all publicly available API documentation in online broker resource portals and in GitHub repositories. All web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running macOS Ultimately, our rigorous data validation process yields an error rate of less than.

Click here to learn more about how we test. There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks. Steven Hatzakis is the Global Director of Research for ForexBrokers. Steven previously served as an Editor for Finance Magnates, where he authored over 1, published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.

as a Commodity Trading Advisor CTA. John Bringans is the Senior Editor of ForexBrokers. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. Blain Reinkensmeyer has 20 years of trading experience with over 2, trades placed during that time. He heads research for all U.

com and is respected by executives as the leading expert covering the online broker industry. com is committed to the highest ethical standards and reviews services independently. Learn How We Make Money. Home Forex Guides Directory. November 15, Pros Excellent platforms and tools High-quality market research Cons Pricing is slightly higher than industry average Narrow range of tradeable markets. Pros High-quality market research Excellent options for algorithmic trading Cons Fees trail discount leaders Limited tradeable products.

Pros Robust platform for professional traders Wide range of global markets Thorough research offering Cons Trader Workstation platform is likely too complicated for inexperienced traders.

Pros Flagship platform is top of the line Over 40, tradeable instruments Excellent customer service Cons High minimum deposit. IG Labs REST and Streaming API Minimum Initial Deposit £ Pros Outstanding platforms and tools Over 19, tradeable instruments Competitive pricing Cons No predefined layouts on the flagship web platform Limited product range on MT4.

Pros Multiple high-quality platforms Excellent market research Wide range of markets Cons Only about instruments are available on the MT5 platform, compared to over 4, on non-MetaTrader platforms. Pros Outstanding platform in thinkorswim Thorough research offerings Excellent educational materials Cons Does not offer copy trading Forex pricing is slightly higher than industry average.

What are APIs? What is a Trading API? terminal Note: Some API connections can be as rudimentary as a few lines of code or an excel spreadsheet, while others may be a fully-fledged trading platform. Pros Live market data and executable prices. Historical market data and prices, allowing API users to analyze markets and chart client sentiment.

Risk management tools and features, such as stop-loss and take-profit limits. Immediate execution and instant confirmation, so orders can be carried out through their own trading platform. Cons API trading requires development time and ongoing maintenance, which can be costly.

Generally speaking, programming knowledge and skills are required. The extent of this skill requirement will depend on your forex broker. Connecting an API can open the door for hackers to attack the application, hampering the security of the site — yet another reason to only use trusted, regulated brokers, even when using APIs for trading.

Using live market information, this can be tested on the demo platform. The easiest way to utilise a FIX API for trading forex is to simply plug the API into your trading platform to receive price data, submit trades, send and modify orders, and receive confirmations. Trading Forex Trading Platforms. Table of Contents.

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