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Trading the forex market can be tricky – with so many things to consider, becoming profitable is challenging for many traders. However, forex robots are one tool you can use to take your trading to the next level in a completely automated fashion.

In this guide, we’ll discuss the Top Forex Robots with Provable Results 2021,  covering some of the best options available on the market and showing you how to download and install one so that you can begin trading effectively today.

Best Forex Robot 2021 List

If you’re looking for a quick overview of the best forex robots in the market, look no further. In the following section, we’ll explore each of these in detail, helping you make the best decision for your situation.

  1. Learn2trade – Overall Best Forex Robot 2021
  2. Forex Fury – Forex Robot with 93% Win Rate
  3. Wallstreet Forex Robot – Best Forex Robot for Verified Performance
  4. Odin Forex Robot – Forex Robot with Innovative Strategy
  5. GPS Forex Robot – Forex Robot Designed by Expert Trader
  6. Forex Robot Nation – Best Forex Robot with Free Download
  7. 1000pipclimber – Best Forex Robot with Consistent Performance
  8. Fxmasterbot – Best Forex Robot for Binary Options
  9. Forex Robot Factory – Best Forex Robot for Unique Strategies
  10. Forex Trendy – Best Forex Robot for Trend Trading

Best Forex Robots 2021 Reviewed

Trading the forex market can be tricky, so choosing an effective and reliable trading robot is one way to optimize your trading approach. This section will examine the 10 trading robots mentioned in the list above, highlighting their features and providing you with all the information you need to make an appropriate choice.

1. Learn2trade – Overall The Best Forex Robot 2021

Our top pick when it comes to choosing a forex robot in 2021 is Learn2Trade. Right off the bat, it’s important to note that Learn2Trade does not offer a traditional ‘robot’ per se. Instead, they provide well-researched trading signals provided by expert traders, which ensures you get to keep full access to your trading account and capital. These signals are sent directly to your smartphone or computer through the forex signals Telegram app in real-time – meaning all you have to do is place the trade and let it run.

learn2trade

Learn2Trade offers both a free and a paid plan. The former provides three forex signals per week; however, you’ll receive between 3-5 signals every day if you opt for the latter. In addition, Learn2Trade’s signals will specify entry and exit points, meaning you do not have to do any of the research as it has already been done for you. The paid plan is currently £35 per month, but you will get a hefty discount if you opt for the semi-annual plan. Alternatively, you could pay £250 and receive a lifetime subscription!

Pros:

  • No need to give access to your trading account
  • 3-5 signals per day on VIP plan
  • Signals in real-time
  • Free plan available
  • Signals provided by expert traders

Cons:

  • Not a traditional automated robot

There is no guarantee that you will make money with this provider. Proceed at your own risk.  

2. Forex Fury – Forex Robot with 93% Win Rate

Our second selection is Forex fury,  a robot provider that offers an forex EA (Expert Advisor) with a 93% win rate. The great thing is that this win rate is independently verified by Myfxbook, adding validity to the claims. Additionally, the robot contains options for low, medium, and high-risk strategies, ensuring it caters to traders from all ends of the risk spectrum.

forex trading bot

Furthermore, the robot works on any currency pair – and even applies to indices and crypto (like Bitcoin) too. Forex Fury also has a large customer support team that can handle queries from users in a speedy manner. Although the price is slightly higher than others at $229, the robot tends to trade between 5 to 10 times each day – providing an avenue for you to make your money back quickly and efficiently.

Pros:

  • Myfxbook verified results
  • 93% win rate
  • Strategies for various risk tolerances
  • Works on any currency pair
  • 5 to 10 trades per day

Cons:

  • High price point

There is no guarantee that you will make money with this provider. Proceed at your own risk.  

3. Wallstreet Forex Robot – Best Forex Robot for Verified Performance

Wallstreet forex robot is one of the best forex robots when it comes to automation. This robot installs directly into MT4 and will trade a large number of currency pairs on your behalf. Wallstreet forex robot typically aims to generate 10-15 pips per trade, meaning you avoid the risky strategy of scalping. Furthermore, the robot includes various systems that protect you in the event of slippage or high spreads.

wallstreet forex robot

The great thing about this robot is that it has fully verified results on Myfxbook. These results go back several years and are comprehensive, allowing you to see for yourself the past performance of this robot. At present, the robot costs $237 to purchase; however, you also receive three free robots with your purchase, that can add a different angle to your trading. Notably, the Wallstreet forex robot offers a 60-day moneyback guarantee too.

Pros:

  • Fully automated robot
  • Aims to generate 10-15 pips per trade
  • Various risk-protection strategies
  • Verified trading results
  • 60-day moneyback guarantee

Cons:

  • Higher price point

There is no guarantee that you will make money with this provider. Proceed at your own risk.  

4. Odin Forex Robot – Forex Robot with Innovative Strategy

The Odin Forex Robot is one of the best around when it comes to automation and uses an innovative ‘Grid Trading’ strategy to identify and execute trades on your behalf. This strategy involves analysing micro price movements that can predict where price may go in the future and building rules off of this analysis. As the Odin forex robot monitors the market conditions 24/5, you can be sure that any opportunities that the robot identifies will be acted upon.

odin forex robot

Odin’s website contains a list of the trades that the robot has executed in the current month, allowing you to see how it operates and how much profitability has been made. In addition to this, the website also showcases numerous user reviews, which help add credibility to the robot’s services. At the time of writing, the Odin forex robot is on sale at 35% off its regular price – meaning traders can purchase it and receive access for only $129.

Pros:

  • Innovative strategy
  • List of trades executed on website
  • Numerous user testimonials
  • 35% discount from normal price
  • In operation 24/5

Cons:

  • Might not be ideal for experienced traders

There is no guarantee that you will make money with this provider. Proceed at your own risk.  

5. GPS Forex Robot – Forex Robot Designed by Expert Trader

GPS forex robot has been designed by a trader with numerous years of experience researching and analysing the forex market. The robot is fully automated and claims to be highly profitable – making a monthly gain about 30% to users. Although these claims are not backed up, their website does contain some screenshots and proof of live accounts becoming profitable through using this robot.

gps forex robot

This robot is fully automated, meaning that once you’ve purchased and downloaded it, all you have to do is install it onto MT4 and let it trade on your behalf. Unfortunately, their website is short on information regarding the specific strategy employed; however, it does showcase various customer testimonials, which are all positive. GPS forex robot can be purchased right now for $149, with a 60-day moneyback guarantee included in the deal.

Pros:

  • Designed by trader with years of experience
  • 60-day moneyback guarantee
  • Usable on MT4
  • Claim of 30% returns per month

Cons:

  • Not much information about strategy on website

There is no guarantee that you will make money with this provider. Proceed at your own risk.  

6. Forex Robot Nation – Best Forex Robot with Free Download

Forex robot nation is primarily a review website, covering all of the best forex robots and signals providers in detail. However, the website creators also offer their very own forex robot – which is entirely free to download and use. The robot will conduct 10-15 trades per month with low risk and only trades EUR/USD. It makes use of the latest EUR/USD forecast opinions and technical analysis.

free fx robot for forex

Notably, the robot works in a one-minute timeframe, meaning it will be employing a scalping approach. Furthermore, it’ll only ever place one trade at a time – ensuring your risk level is as low as can be. In addition to this robot, Forex Robot Nation also offers another free robot that uses a moving average strategy, meaning you can download both and become more versatile in the markets.

Pros:

  • Completely free forex robot
  • Scalping approach for quick trades
  • Low risk level
  • Additional free robot available with separate strategy

Cons:

  • Only trades EUR/USD

There is no guarantee that you will make money with this provider. Proceed at your own risk.  

7. 1000pipclimber – Best Forex Robot with Consistent Performance

The next forex robot review is concerning 1000pipclimber. This robot was developed by a trader called Bob James, who has over ten years of trading experience in the financial markets. 1000pipclimber uses a 100% rule-based algorithm to determine potentially profitable opportunities. Unlike other robots, this robot will not actually place the trade – you’ll have to do this part yourself.

forex robot trader

Trade opportunities are provided for the 15 minutes, 1 hour, and 4-hour timeframes, which means that this robot will appeal to a diverse group of traders. Furthermore, 1000pip climber’s recent performance is verified on Myfxbook and even has customer testimonials as well. Finally, 1000pip climber is currently 65% off, costing $97 for users to purchase.

Pros:

  • Created by experienced forex trader
  • Trades on three different timeframes
  • Verified results on Myfxbook
  • Customer testimonials on website
  • Affordable price point

Cons:

  • Have to place the trades manually

There is no guarantee that you will make money with this provider. Proceed at your own risk.  

8. Fxmasterbot – Best Forex Robot for Binary Options

FXmasterbot (now referred to as Binary Options Robot) differs from the other robots on this list. It provides opportunities for binary options robot signals rather than the traditional method of trading the forex market. Again, this robot offers signals rather than automated trading systems and does not require any software downloads. Furthermore, this robot claims to work on over 300 total assets, including commodities and equities, in addition to the forex market.

binary options robot signals

Notably, there are no verified results or customer testimonials on Binary Options Robot’s website, so it’s difficult to determine how successful it is. Furthermore, there isn’t much in the way of strategy information that could help provide some credibility to the service. However, according to their website, Binary Options Robot is free to use and even comes with a demo account option.

Pros:

  • Binary trading robot
  • Works on over 300 assets
  • Comes with a demo account

Cons:

  • Website lacking in information
  • Doesn’t trade in the traditional forex manner

There is no guarantee that you will make money with this provider. Proceed at your own risk.  

9. Forex Robot Factory – Best Forex Robot for Unique Strategies

Our penultimate forex robot review focuses on Forex Robot Factory. This provider is slightly different from the others as their service allows you to create your very own expert advisor (EA) without having to know any advanced coding or programming knowledge. Also, Forex Robot Factory can generate unique trading strategies for you for any financial instrument through its online backtesting engine.

forex ea

Once you have created and backtested a strategy, Forex Robot Factory can help package it into downloadable software that users can install on MT4 or MT5. Included in the service is extensive robustness checking to ensure the generated robot does not fail. Forex Robot Factory offers various paid plans, each one having additional features depending on the price – although they do offer a 15-day free trial for new users to check out the service before purchasing.

Pros:

  • Options to create your own robot
  • No need for coding or programming skills
  • Works on any financial instrument
  • Can be installed on MT4 or MT5
  • 15-day free trial

Cons:

  • Price points can be slightly higher than other options

There is no guarantee that you will make money with this provider. Proceed at your own risk.  

10. Forex Trendy – Best Forex Robot for Trend Trading

The final forex robot review in our list focuses on Forex Trendy. This robot focuses on 34 currency pairs and attempts to find a trend that may become a profitable trading opportunity. In addition to trend trading, Forex Trendy also can identify price patterns that may cause a breakout, such as triangles and flags.

forex robot review

Crucially, this robot does not come with verified results or testimonials, so it’s hard to say whether it is profitable or not. In terms of pricing, Forex Trendy’s service currently costs $37 every three months. Notably, though, they do offer a 60-day moneyback guarantee if you are not happy with the service.

Pros:

  • Works on 34 different currency pairs
  • Trend trading strategy
  • Afforable price structure
  • 6-day moneyback guarantee

Cons:

  • No verified results or testimonials

There is no guarantee that you will make money with this provider. Proceed at your own risk.  

What is a Forex Robot?

A forex robot is a specialised piece of software that will automatically trade the forex market on the user’s behalf. These robots have specific rules and algorithms embedded into their service that will identify opportunities and place trades according to the particular strategy it employs. All of these tasks are done automatically and require no manual input from the trader.

Forex robots tend to be installed on MT4 or MT5 and link with your broker account, thereby allowing them to automatically place trades without your approval. Furthermore, because these robots are software-based, trades are identified and placed far quicker than a human could do it manually – meaning that opportunities are acted upon speedily. In turn, this can lead to better entry points and more profits.

do forex robots really work

As you can see from the list above, many different forex trading  robots are available on the market. Each of the automated forex trading  robots will have its own strategy, which will have been designed and tested by the people who created the robot. These strategies are primarily based on an ‘if/then’ rule, which means that ‘if’ certain conditions are met, ‘then’ this type of trade will be made.

The best forex robots are typically available through the provider’s website and downloaded directly onto your computer. Robots can either have a free or paid version (or both), each with different features and abilities. Many providers will also showcase the robot’s win rate on the website to entice people to purchase it.

Due to the points raised above, forex trading robots are popular with traders of all proficiency levels. In addition, forex robots do not sleep (obviously), meaning that they are in operation 24/7, ensuring that potentially lucrative opportunities are not missed. This is one of the major selling points and benefits of using these forex tools.

How do Forex Robots Work?

It’s essential to get a grasp of how the best forex robots work before purchasing one. Firstly, forex robots will require access to your trading capital. This is something that is a necessity as the robot will place trades on your behalf. Some people may worry about this aspect, so it’s important to do your due diligence and ensure the robot is legit before going ahead.

The most common way to install a forex robot trader is through the trading platforms MT4 or MT5. Usually, this is very easy to do, as most robot providers will have detailed instructions walking you through the install process. Once installed, you’ll also need to make sure that your broker account is linked to MT4/MT5 so that the robot can trade on your behalf.

Before letting the robot do its thing, you’ll also be able to set up specific parameters which the robot will abide by. These parameters could be things like position size, use of leverage, stop-losses, and so on. It’s essential to set these up so that you are only risking what you can afford to lose and that you are protected in the instance that a trade goes wrong.

Once everything is good to go, the robot will be launched and get to work. As mentioned earlier, the best trading robots typically work using an ‘if/then’ policy. Here is an example to showcase how this may work:

  • You have a robot that will focus on EUR/USD and activate if the RSI for EUR/USD dips below 30 – this is the ‘if’ factor.
  • If the robot notices EUR/USD’s RSI drop below 30, it will instantly place a buy order – this is the ‘then’ factor.

Although the example above is relatively simple, it highlights how a forex robot trader will typically work. Some robots will have much more advanced ‘if’ policies to determine opportunities, whilst others will have more basic ones – this all depends on which robot you opt for.

How to Tell a Forex Robot is Reliable

Do forex robots really work? No forex trade robot will ever be 100% accurate – there are just too many factors at play in the forex market for that to be the case. However, there are certain things to look out for when choosing the best trading robot for forex that can help you tell whether it is reliable or not. These are listed below:

Win Rate

Understandably, the robot’s win rate is an important thing to look out for. This metric refers to the number of times a trade the robot places ends in profit. Many fx trading robot providers will state the robot’s win percentage on their website to showcase its effectiveness.

forex trade robot

It’s essential that you check whether the stated win rate is verified or not. Anyone can state a high win rate on their website, but there’s a chance it could be entirely made up. Ideally, the robot provider will have verified results from Myfxbook, as this helps to add credibility to their claims.

Reviews

Another thing to keep an eye out for is reviews and testimonials. The best types of reviews are Trustpilot reviews, as these are verified as real people and are not made up by the robot’s provider. Alternatively, some robots will have a dedicated Facebook page where current and former users may comment and add validity to the robot’s strategy.

You may also want to search the internet for the best forex robot reviews from reputable online sources. Numerous websites review the best forex robots and cover all of their features in detail – so make sure to read a few different reviews to get a comprehensive overview.

Strategy and Automation

Finally, you might also want to look into the strategy and level of automation that your forex robot employs. For example, some robots may go for higher risk strategies, whilst others are more risk-averse. Double-check which rules your robot abides by and ensure they tally with your investment goals.

Automation level is another thing to look out for. As mentioned, most robots are fully automated, which will mean they require access to your trading capital. However, some providers (such as Learn2Trade) offer a very similar service to what a forex robot will supply – except you do not need to give access to your trading account. Many traders prefer this as it adds an element of safety to the proceedings.

Best Free Forex Robot

Although many of the best forex robots require you to pay for them, there are some free robots that work that are available for traders. Most of the time, these free robots are available on the  MQL5 marketplace, the official marketplace for MetaTrader 4 and 5. This marketplace offers many forex robots (called ‘expert advisors’) that can be installed into MT4 and MT5 for free.

These forex EA robots work in the same way as the ones you’d download from a provider’s website – they installed directly into MT4/MT5 and trade on your behalf. Although these are great non-paid options, our recommendation if you’re looking for a free fx robot is to use Learn2Trade’s services.

Learn2Trade, as mentioned previously, is not a ‘robot’ per se. However, you still get well-researched trade opportunities sent to you in real-time without having to provide a robot with access to your trading account. Instead, you place the trades yourself, which usually takes seconds to do.

The great thing about Learn2Trade is that they offer a free plan in which you get three expert signals sent each week. These signals have a 76% success rate and are created by a team of expert traders. What’s more, if you decide you’d like more signals, then you can always upgrade to the paid plan – which will give you 3-5 signals every day.

How to Use a Forex Robot

Now that you have a thorough understanding of what forex robots are and how they work, it’s time to discuss how to begin using one today. The four steps below will show you how to set up and start trading efficiently using Learn2Trade – all in under 15 minutes.

Step 1: Sign Up for a Learn2Trade Plan

Although Learn2Trade differs from the other robots on our list, we recommend using them as their signals are incredibly well-researched, and they do not require access to your trading account. Navigate to Learn2Trade’s website and click the ‘Get VIP Forex Signals’ button in the top right corner. You’ll then be prompted to choose a payment plan that suits you – once you have decided, finalise the payment and move on to the next step.

learn2trade sign up

Step 2: Join the Learn2Trade Telegram Group

After you have signed up and paid, you will be sent credentials that will allow you to join the VIP Signals group on Telegram. Simply download the Telegram app on your smartphone or computer and log in using these credentials.

Step 3: Open and Fund a Broker Account

To act on the trade opportunities that Learn2Trade provides, you’ll need a funded broker account. There are many options to choose from; however, this article explores the  best forex brokers  available on the market. Once you have signed up for a broker, deposit into your account and move on to the next step.

open broker account

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Step 4: Trade using Learn2Trade Signals

Now all you have to do is wait to receive a signal from Learn2Trade – you will receive 3 to 5 signals per day on their VIP plan. Once you receive the signal, head to your broker’s trading platform and place the trade. After you’ve done this, that’s it – sit back and let the trade run.

Best Forex Robot with Provable Results 2021 – Conclusion

Overall, forex robots are a fantastic tool that any forex trader can utilise to automate and improve their trading. So regardless of whether you’re a complete newcomer to the market or an experienced pro, fx robots are ideal for optimising your trading through automation and effective strategies.

If you like the sound of forex robots, we’d recommend checking out Learn2Trade. Although not technically a ‘robot’, Learn2Trade’s service provides all of the same benefits that a forex robot does – without having to give access to your trading account. With both a free and a paid plan on offer, Learn2Trade’s forex signals are thoroughly researched and provide everything you need to know, meaning all you have to do is place the trade and let it run.

Learn2Trade – Best Forex Robot 2021

learn 2 trade best forex signal Telegram group

There is no guarantee that you will make money with this provider. Proceed at your own risk.

FAQs

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