Autotrading is the right solution for busy traders who don't want to miss opportunities in the market. The concept is similar to copy trading, only autotrading emphasizes more on the automated execution process, so the choice of methods can be more varied. Even trading with robots can be categorized as autotrading because the methodology focuses on automated execution on the trading platform.

Well, Myfxbook service is a method of autotrading that not only allows copy trading but also provides a selection of trading signals from expert traders. If you trade with an integrated broker, you can connect your trading account directly to Myfxbook signals, thus making autotrading much easier and simpler.

The following is a list of popular forex brokers to consider when it comes to Myfxbook autotrading:

FXOpen

FXOpen is one of the most prominent brokers that has collaborated with the Myfxbook autotrading for years. To be able to access this service, you only need to open a live trading account on FXOpen and connect the MT4 account to Myfxbook. At the time of this writing, FXOpen offers 4 account choices, ranging from Micro, STP, ECN, to Crypto which specifically facilitates Bitcoin trading.

Direct connection to the Myfxbook platform is just one of 3 autotrading services available at FXOpen. This broker apparently also offers VPS and another copy trading means via ZuluTrade.

LiteFinance

Even though it already has a built-in social trading platform, LiteFinance still accommodates traders who want to autotrade on Myfxbook. The cent account pioneer presents Myfxbook as an online platform that provides automatic analysis tools for traders' needs.

To be able to connect to Myfxbook, traders only need to use an MT4 account that has been registered with LiteFinance. No additional verification is required, so the integration process is very simple. If you want to become a signal provider, there are some additional requirements such as having a trading history on Myfxbook for at least 3 months, max. drawdown of 50%, and a minimum balance of $1000 within a 3-month trading period.

Vantage

Presented under the AutoTrade label, the integration of Vantage into the Myfxbook platform allows traders to connect with more than 90,000 copyable trading systems. Traders only need to connect their Vantage account to Myfxbook, so no further registration process is needed.

In its official information, Vantage explains that the specialty of AutoTrade supported by Myfxbook lies in the analysis tools. Such tools are equipped with accurate statistical data and can be accessed easily on the web platform.

FX Choice

Another popular broker that facilitates automated trading with Myfxbook is FX Choice. The feature is presented with 3 types of advantages: no fees, no additional software, and access to the best trading systems.

Myfxbook Autotrade is available to all FX Choice clients except those residing in Israel and Iran. Apart from this platform, FX Choice also provides MQL5 signals and VPS services to further support its clients in automated trading.

Advantages of Myfxbook Autotrading

Compared to other autotrading providers, Myfxbook has these competitive edges:

• Well-experienced: Myfxbook is one of the pioneers in online autotrading, as well as being the first forex trader community that can connect to a trading platform.
• Connected directly to MT4: If you register as a Follower, autotrading carried out on Myfxbook can be executed automatically on your MT4.
• Social trading: Apart from autotrading, Myfxbook is a gathering place for traders to discuss, as well as provides the necessary tools for Followers to track, compare and analyze signal providers.
• Best trading system selection: This autotrading platform has special features to identify verified signal providers. Apart from that, Myfxbook is equipped with an automatic filter that can eliminate trading systems with poor performance.
• Unlimited demo accounts: Trial accounts at Myfxbook are available on an unlimited basis, so there's no such thing as a time limit or demo expiration time.
• Real signal providers: Myfxbook does not allow demo account owners to become signal providers, so you can be sure that autotrading signals on Myfxbook truly come from live account holders.
• Transparent fee: Myfxbook displays all detailed information on their fees and services. This autotrading provider also offers incentives to profitable signal providers.
• Full control: Even if you just follow signals, Myfxbook provides complete freedom to customize whatever system you choose, how you set your money management, and what execution adjustments need to be applied according to your plans.

With the various advantages above, it is not surprising that many forex brokers have now collaborated with Myfxbook. Apart from this platform, other autotrading services are also available through platforms such as ZuluTrade and copy trading apps. Find about it further on Automated Trading Made Easy: Two Methods for Android Users.