The Best Forex Trading Platforms
Our top 10 Forex list outlines the best brokers in the industry. We have been able to help several traders find the best suited platforms for their needs. Please read more online trading articles to learn more about Forex and CFD trading in order to become successful.
web-based, mobile and app
iForex.com is powered by the MetaTrader 4 software
web-based, downloadable and mobile.
FXCM is an award winning station developed for web and mobile platforms.
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IntroductionXTrade is a leading CFD provider founded in 2003. This provider allows traders to invest not only in the currency , but indices, shares, commodities, bitcoin and other markets. Tradable assets include Gold, DAX, Google, and others. There is a wide selection of trading tools, promotions, and information on the website that allow the trader to take advantage of trading opportunities. There is always someone available in case of questions and comments.
AdvantagesOne of the biggest advantages of trading at XTrade is the fact that they offer over 300 trade able instruments, these include: Twitter, Alibaba, Metals, and different currency pairs. There is super high leverage of up to 1:400. You can begin trading with as little as $100 and receive the effect of up to $40,000 which, of course, is very powerful. The broker is licensed in several localities, including XTrade Europe in the EU. There are no commissions. Anyone can take advantage of the global markets anywhere, anytime using their mobile application.
DisadvantagesWith the benefits that XTrade has to offer, there are very few disadvantages – if any. For now, this broker does not accept US clients.
Trading PlatformsThe company has 3 platforms available: web-based, mobile and app. Take advantage of a fully flexible, specialised shares trading service.
FeaturesThis brokerage firm provides a vast choice of markets to select from, such as Forex, Indices, Shares and Commodities. It is also very user-friendly especially for new traders. The site offers plenty of information, has generous leverage and 24-hour customer service.
UsabilityXTrade’s online trading platform offers flexibility and speed to trade anytime and anywhere — including markets in the US, UK, Europe and Asia. Additional tools give traders a wealth of information and help them to realise their profit potential.
Customer SupportLive support is offered on the website, as well as toll-free numbers that traders can use to contact a personal representative. One of the strongest points is the fact that XTrade provides great customer service.
Closing ThoughtsXTrade is one of the leading candidates in the industry as it allows you to trade Forex, Commodities, Shares and Indices, through their CFD platform. They offer amazing education tools such as Video Tutorials, Courses, E-Books and Academy. Ultimately, this is a very interesting broker that can open up the world of trading to you.
IntroductioniFOREX has distinguished itself as an industry leader in tight pip-spreads, real-time market prices.
AdvantagesEach trader learns at his own pace with personal training sessions. Many enjoy the ease of a mobile platform, this provider offers different types of platforms , traders can also take advantage of the negative balance protection and in case you have problems you can request remote technical assistance.
DisadvantagesThe broker is not transparent with the spreads that they are charging their traders. Also there is no free demo account.
Trading PlatformsiForex.com is powered by the MetaTrader 4 software. This platform provides great flexibility and ease for its clients. The MetaTrader 4 provides 8 unique platforms that are available in web base download and mobile version. It is easy for you to trade on the go.
FeaturesiForex.com provides a vast choice of instruments to choose from such as Forex, Indices, Shares and Commodities. iFOREX offers traders the choice of three user-friendly trading platforms (web based and a downloadable platform for PC and a mobile trading platform for smartphones), constant updated financial news and 24-hour support.
UsabilityTraders choose from three user-friendly trading platforms (web based and a downloadable platform for PC and a mobile trading platform for smartphones), constant updated financial news and 24-hour support.
Customer SupportCustomer support is available 24/5 at iForex through Email, Fax, Live Chat, and Phone.
Closing ThoughtsTraders are much better served by brokers which are more transparent and are willing to provide a free demo account. There are no commissions charged for opening new deals on any product when you trade with iForex.
IntroductionPlus500 is an online trading provider specializing primarily in the forex market. The trading platform comes in three different versions: a downloadable version, a web-based version, which allows the trader to access the platform from any other computer, and a mobile version for use with cell phones and other mobile devices. The site has many interesting tools, promotions, and information that allow the trader to take advantage of trading opportunities.
AdvantagesPlus500 Ltd. is listed in the AIM section of the London Stock Exchange. The company has a strong financial backing of $17 billion, and are able to offer a huge first time deposit bonus up to $5000.
DisadvantagesThis broker does not have as many educational resources as its competitors.
Trading PlatformsThe company has 3 platforms: web-based, downloadable and mobile. Plus500 offers a transparent and easy to use in- house trading platform and technical analysis software. The trading platform allows the trader to invest in numerous markets from the same screen and provides live quotes for all of its products. Plus500 clients can also trade commodities, stocks, indexes, ETFs and CFDs on the same trading platform.
FeaturesThis brokerage firm provides a vast choice of markets to select from such as Forex, Indices, Shares and Commodities. Plus500 offers a $20 welcome bonus on all accounts, including the demo account and bonuses of up to $7,000 for first deposit. Leverage for forex accounts is a maximum of 50:1.
UsabilityPlus500’s online trading platform offers flexibility and speed to trade the markets. This powerful software offers an all inclusive trading screen with clearly labelled tabs on top for details on past trades and current positions, as well as multiple market trading capabilities. Charting features are included with the trading platform, but charts appear individually, since the charting software does not allow for multiple graphs on the same screen.
Customer SupportE-mail and fax support in multiple languages are available 24/7. Live support is offered on the website, as well as toll-free numbers that traders can use in order to get a hold of their personal account manager.
Closing ThoughtsPlus500 is one of the most popular providers as it allows you to trade Forex, Commodities, Shares and Indices. New traders can take advantage of the unlimited use of the demo account, while experienced traders can take advantage of tight dealing spreads and the generous bonuses offered when initially funding the account. In conclusion, this is a very interesting broker that can open up the world of trading to you.
IntroductionFXCM is a leading global provider of FX trading and related services. Trader take advantage of low spreads transparency and fast exectuions.You will benefit from the wide selection of trading tools, spreads, and detailed information on the website.
AdvantagesFXCM is considered to be the world’s largest online trading provider. Advantages include: Low spreads from liquidity providers, Anonymous order execution, No re-quotes, no dealer intervention No restrictions on the strategies (scalp, trade the news, use any EA), and Potential Price Improvements on all order types.
DisadvantagesWith not much to complain about, I have noticed limited trading assets and limited promotions.
Trading PlatformsFXCM is an award winning station developed for web and mobile platforms. The site supports one-click order execution and trading from real-time charts. However, the beast feature of the business is the No Dealing Desk forex execution.
FeaturesFXCM has won numerous awards around the world. The site is very user friendly especially for new traders and offers plenty of information. There are generous leverage system and 24 hour customer service. Lastly, FXCM offers a generous promotional plan.
UsabilityEvery new FXCM customer can enrol in one of the exclusive Trader Programs and benefit from on-demand lessons, webinars, platform walkthroughs and real-time instruction.
Customer SupportThere are numerous support features including: live chat, phone customer service, email, fax, and a trading desk phone number to call. There are toll-free and international numbers available to traders around the globe.
Closing ThoughtsThe company is listed on the NYSE which shows its success. The beauty of trading with this dealer is that there is no dealing desk intervention, and the spreads are great. While perhaps not the best news trading source, (no variable spread broker is) for the typical trader, the cost of execution will be tiny.
IntroductionAva FX was developed to give traders a full range of tools and support needed to trade successfully and affordably with some of the most professional and skilled traders. Fully regulated, this provider delivers an authentic and fair trading experience.
AdvantagesWhen trading with AvaTrade, you can trade with a peace of mind. The broker is regulated across the globe and are well-funded to cover big and small trades. Clients can also enjoy a free demo account as well as exceptional educational resources.
DisadvantagesThere are very few disadvantages – if any. Note, that other providers offer higher bonuses.
Trading PlatformsAvatrade's software is very intuitive and customer-friendly. Avatrade uses one of the most popular and preferred online Forex trading platforms in the industry - The Metatrader4 . This platform is highly recommended by EU and is available to be used on mobile devices as well.
FeaturesThis brokerage firm provides a vast choice of markets to select from such as Forex, Indices, Shares and Commodities. It is also very user friendly especially for new traders. It offers plenty of information on the site, has generous leverage and a 24 hour customer service. A great feature of AvaTrade is that the deposit bonuses are very strong.
UsabilityAvaTrade’s online trading platform offers security and efficiency.
Customer SupportOne of the strong point is the fact that AvaTrade provides great customer service. AvaTrade is available by Live Chat, Email, or Telephone. Their website support multiple languages including: Arabic, Chinese, Dutch, English, French, German, Italian, Japanese, Portuguese, Russian, Spanish and others.
Closing ThoughtsAvaTrade is considered a fair and transparent broker.
This platform is a superb place for big traders and offers a large list of tradable assets. The platform was established back in 2006 and through all of these years keeps improving its features. The main office is located at the centre of the online Forex trading system Avatrade is in Dublin, Ireland.
IntroductionMarkets.com is a fully licensed EU based broker, regulated by CySEC. The company offers FX and CFD trading on multiple trading platforms, including the widely popular MetaTrader 4 platform.
AdvantagesThere are numerous reasons to choose Markets.com. Clients are thrilled with the $2,000 first time deposit bonus, demo account and the top-notch educational center.
DisadvantagesWith the convenience that Markets have to offer, there are very few disadvantages – if any. However, I must acknowledge that the lengthy withdrawal process is unfortunate.
Trading PlatformsMarkets.com is powered by the MetaTrader 4 software. This platform provides great flexibility and ease for its clients. The MetaTrader 4 provides 8 unique platforms that are avaialbel in web-base, download and mobile version.It is easy for you to trade on the go.
FeaturesThere are many advanced features such as Fixed & Floating Spreads, New Account Bonus, 24/5 Support, and a Risk-Free Demo Account.
UsabilityMarkets’s online trading platform offers security and efficiency. Basically, there are 3 types of trading accounts: mini, standard and premium.
Customer SupportMarkets.com offers an excellent support service with employees responding to calls 24 hours a day during the week in multiple languages. Email and chat are also available in over 15 languages.
Closing ThoughtsMarket.com stands out as a top broker regulated by two separate and credible EU authorities. This site is a suitable choice, if your main desire is fair trading with a highly regulated, known company.
IntroductioneToro is a highly recommended social trading network, accommodating both beginner forex traders and investors. Traders needs only a small deposit to invest in global markets such as Facebook, Twitter, major currency pairs and metals.You will benefit from the wide selection of trading tools, promotions, and detailed information on the website.
AdvantageseToro is considered to be the world’s largest social investment network. Clients benefit from simple to use trading platforms. The social trading network enables every customer to find expert traders to learn from and copy the best. The company provides a myriad of tools to guide members throughout the first steps and encourages responsible trading.
Trading PlatformseToro Mobile Trader , eToro Openbook , eToro webTrader
The platforms are fully regulated, secured by Verisign and adhere to strict privacy policies.