Algorithmic trading accounts for 80%+ of daily Forex trading volumes, but most retail Forex traders rely on manual trading, placing them at a distinct competitive disadvantage.
Capitalise AI allows code-free algorithmic trading and connects to MT4. It emerged as the most cutting-edge trading tool, but only a handful of Capitalise AI brokers exist. While traders can use Capitalise AI, does it provide the necessary advantage to transform a manual portfolio into a cutting-edge operation? Read my Capitalise AI broker review and determine if and how you can benefit from it.
- AvaTrade, Highly regulated, choice of fixed or floating spreads.
- Eightcap, Competitive pricing + excellent daily videos.
- FP Markets, ECN trading with leverage up to 1:500.
- BlackBull Markets, Best ECN trading environment, with scalping and hedging.
- XM, Exception range of assets + negative balance protection.
Capitalise AI Forex Brokers Reviews
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Regulators | ASIC, BVI, Central Bank of Ireland, FFAJ, FSCA, KNF, MiFID | ASIC, CySEC, FCA, SCB | ASIC, CMA, CySEC, FSCA | FMA, FSA | ASIC, CySEC, DFSA, FSC Belize |
Year Established | 2006 | 2009 | 2005 | 2014 | 2009 |
Execution Type(s) | Market Maker | ECN/STP, Market Maker | ECN/STP | ECN/STP, No Dealing Desk | Market Maker |
Minimum Deposit | |||||
Average Trading Cost EUR/USD | 0.9 pips | 1.0 pips | 1.2 pips | 1.3 pips | 0.1 pips |
Average Trading Cost GBP/USD | 1.5 pips | 1.2 pips | 1.4 pips | 2.0 pips | 0.2 pips |
Average Trading Cost Gold | $0.29 | $0.12 | $0.16 | $0.90 | $0.19 |
Trading Platform(s) | Other, MetaTrader 4, MetaTrader 5, Proprietary platform, Web-based+ | MetaTrader 4, MetaTrader 5, Trading View | MetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-based | MetaTrader 4, MetaTrader 5, cTrader, Trading View | MetaTrader 4, MetaTrader 5, Proprietary platform |
Islamic Account | |||||
Negative Balance Protection | N/A | ||||
| Visit Website | Visit Website | Visit Website | Visit Website | Visit Website |
AvaTrade
In Summary Highly regulated, choice of fixed or floating spreadsAvaTrade provides beginners with industry-leading education via the Ava Academy. Traders also receive the MT4 Guardian Angel plugin and the fee-based Ava Protect insurance policy, protecting against trading losses. The well-balanced asset selection includes cryptocurrencies, ETFs, and bonds. Forex fees start with commission-free spreads of 0.9 pips per 1.0 round lot or $9.00. Equity CFD trading has reasonable commission-free fixed spreads between 0.13% and 0.19% with a maximum leverage of 1:10. It places AvaTrade among the best Capitalise AI Forex brokers.
AvaTrade has a high-paying partnership program featuring 70,000+ partners and $250M+ commission payouts for passive income seekers.
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
Eightcap
In Summary Competitive pricing + excellent daily videosI rank Eightcap among the best Capitalise AI Forex brokers as it offers traders deep liquidity, fast order execution, and raw Forex spreads from 0.0 pips for a commission of $7.00 per 1.0 standard round lot. VPS hosting ensures 24/5 low-latency Forex trading. The well-balanced asset selection includes 100+ cryptocurrency CFDs, and Eightcap supports cryptocurrency deposits and withdrawals with instant processing and a minimum transaction size of $50. Traders also get 24/5 customer support.
The $100 minimum deposit makes Eightcap and Capitalise AI accessible to all, and Eightcap supports micro lot trading from 0.01 lots or 1,000 currency units.
Pros & Cons
- Low minimum deposit and high leverage of up to 1:500
- Competitive cost structure
- Excellent technology infrastructure and seasoned management team
- Daily research and quality educational content
- Limited leverage in some areas
FP Markets
In Summary ECN trading with leverage up to 1:500fpmarkets is an ASIC-regulated Australian brokerage which launched in 2005. For most traders, the unique selling point of this broker is in the extremely wide range of tradable assets offered, providing the opportunity to trade over ten thousand individual stocks and shares including publicly quoted Hong Kong and Australian companies. Ffpmarkets also offers 60 Forex pairs and crosses, 11 equity indices, the major commodities, and 5 cryptocurrencies including Bitcoin. fpmarkets offers an unusual hybrid ECN/STP execution model, meaning their clients can choose between ECN style of execution giving a very high level of speed, and a “straight through processing” execution style which allows for more “natural” spreads.
Pros & Cons
- Choice of trading platforms and auxiliary trading tools
- Very competitive cost structure and excellent asset selection
- Low minimum deposit requirement and leverage of up to 1:500
- Well-regulated and trustworthy
- Availability of Iress geographically restricted
BlackBull Markets
In Summary Best ECN trading environment, with scalping and hedgingBlackBull Markets was founded in 2014 in New Zealand. Like many antipodean Forex brokers, BlackBull Markets is an ECN broker, offering raw spreads and commissions. They are regulated in New Zealand by the Financial Services Providers Register (FSPR) and offer a maximum leverage on some Forex currency pairs as high as 500 to 1. In addition to their global headquarters in New Zealand, BlackBull Markets also has presences in the form of branch offices in New York and Malaysia. BlackBull Markets offers a relatively tight range of tradable assets: 27 Forex currency pairs and crosses, gold, silver, crude oil, natural gas, and 6 major equity indices. That should be sufficient for those traders with more focused strategies not requiring wide diversification.
Pros & Cons
- ECN/NDD execution model with deep liquidity
- Institution-grade pricing for retail traders via proprietary price aggregation
- ZuluTrade and Myfxbook for social trading
- Leverage of up to 1:500
- Limited deposit options
XM
In Summary Exception range of assets + negative balance protectionI rank XM among the best Forex brokers for beginners as it provides exceptional education, with the live education room available Monday through Friday between 06:00 and 15:00 GMT at its core. Beginners also receive actionable trading recommendations, and the $5 minimum deposit ensures accessibility to all traders, boosted by deposit bonuses.
XM rewards active traders with a four-tier loyalty program and supports algorithmic traders with VPS hosting. The well-balanced asset selection exceeds 1,000 assets, and the proprietary copy trading service pays signal providers up to 50% profit share. Swap-free trading and low trading fees ensure a competitive edge.
Pros & Cons
- Outstanding trading tools and loyalty program
- Low minimum deposit, high leverage*, and competitive trading cost
- Excellent research and education
- Trustworthy and transparent with generous bonuses and incentives
- Inactivity fee
What Is Capitalise AI in Forex Trading?
Capitalise AI is a third-party trading tool that enables automated trading in a code-free environment. It connects to MT4, and traders can use everyday English to code their strategies. It includes a backtesting tool, the ability to refine trading strategies, and a simulation. The Strategies Library has many live strategy examples, and Smart Notifications help traders monitor their portfolios. Capitalise AI is free via partner brokers and exchanges and ranks as the most innovative third-party trading tool.
How to Connect My Trading Account to Capitalise AI
Traders must connect their trading account to Capitalise AI before being able to use Capitalise AI for code-free algorithmic trading.
Here is how you can connect your trading account to Capitalise AI:
1. Log into Capitalise AI
2. Click “Connect Trading Account”
3. Enter your MT4 account number, password, and server.
4. Click “Submit.”
Noteworthy:
You can connect multiple trading accounts to Capitalise AI, but only one can be active at any time
Automating Trading Strategies with Capitalise AI
Traders must trade with a Capitalise AI broker, as they must connect their trading account to Capitalise AI, which is only available at partner brokers and exchanges.
Here are a few ways to automate trading strategies with Capitalise AI:
- Ideally, traders have an existing strategy that they wish to code using everyday English
- The backtesting tool allows traders to evaluate their strategy, refine, and simulate conditions to evaluate results
- Traders can create automated strategies using technical indicators, specific timeframes, or macroeconomic news
- Traders may also check the Strategies Library for inspiration
Trading with Capitalise AI – Pros and Cons
Before traders connect their trading accounts to Capitalise AI, they should consider the pros and cons of trading with Capitalise AI.
The Pros of Trading with Capitalise AI
- Algorithmic trading in a code-free environment
- Free to use
- Connects to MT4 and other trading platforms
- Includes backtesting and simulations
- Strategies Library featuring live strategy examples
- Smart Notifications for portfolio management
- Code strategies using technical indicators, specific timeframes, or macroeconomic news
The Cons of Trading with Capitalise AI
- Traders must trade with a Capitalise AI broker
- Traders must have an existing trading strategy to code
- Traders still need to learn how to trade
Bottom Line
Capitalise AI brokers offer traders a unique competitive edge by enabling algorithmic trading in a code-free environment. Capitalise AI is free and includes backtesting, simulations, a Strategies Library, and Smart Notifications. It is the most cutting-edge trading tool that connects to MT4, but it is no substitute for learning how to trade, as it requires a trading strategy to code.
