Trying to find a good forex trading platform can be a frustrating task. With so many options available, it can be hard to decide which one is the best fit for your needs. But, with the right information, you can narrow down your search and find the perfect tool for you.
eToro
eToro is a social trading platform that allows traders to copy the positions of other successful traders. eToro’s flagship product is its proprietary CopyTrader software.
To sign up for the program, applicants must create a username, create a password and accept the terms of the company. Applicants can also sign up with a Facebook account. This is a good way to join eToro’s CopyTrader program, but the application requires users to abide by the company’s regulatory policies.
eToro offers a free trader protection package of up to USD 1 million, but it’s not a guarantee that a trader will not lose money. There is also a margin call trigger, which means that a trader exits the market if he or she has a zero balance.
XTB
XTB has two flagship web-based trading platforms. One is MT4, the other is xStation 5. Each platform has its own advantages and disadvantages.
MT4 is available for desktop, iOs, and Android. The xStation 5 includes 39 technical indicators, economic news releases, countdown timers, and 30 drawing tools.
XTB also offers educational materials to help you learn how to trade. They feature more than 200 lessons, including videos, tutorials, and enhanced FAQs. You can search for content by subject, experience level, or topic.
XTB also offers weekly video webinars. They are held on YouTube. They also offer email support and phone support, which is always a plus. XTB has a good customer service record. It also boasts a solid trust score of 93.
CMC Markets
Traders have a lot to choose from in the world of forex trading platforms. While there are a number of popular names in the business, CMC Markets has a few different advantages that make it one of the best brokers on the market.
First and foremost, it has a competitive pricing schedule. Customers can trade on currencies, bonds, stocks, and ETFs. This is a good choice for investors looking to diversify their portfolio. With CMC Markets, you can invest on more than nine thousand tradable assets.
In addition, CMC offers a feature-rich platform, including a demo account. You can access this platform from anywhere. You can use the same tools on your computer that you would with your live account.
eSignal
eSignal is an award-winning provider of high quality trading solutions and real-time financial data. It offers a wide array of finely-tuned technical indicators and charts. It also provides a comprehensive view of the global Forex market. eSignal is available for Windows and Mac.
eSignal allows users to set automatic alerts. They can be based on price, pattern, or a predefined watch list. They can also be configured to trigger a trade when a specified condition is met. eSignal also offers a newsletter that contains historical evaluations of the markets. The company also provides training and education for its users.
eSignal is a popular choice for both beginners and experienced traders. It offers a variety of features, a vast library of technical indicators, and breakneck data speeds. Its charting tools include Nasdaq Total View, Fibonacci retracements, and moving averages. It also features flexible scaling.
Trader Workstation
Trader Workstation (TWS) is a forex trading platform from Interactive Brokers. It is a desktop application that offers a range of advanced trading tools. It is available for Mac, Windows, and Android. It is designed to meet the needs of professional traders. Traders can place trades on more than 100 markets worldwide from one integrated account. It is also a good choice for international traders.
Trader Workstation supports a wide range of order types, including advanced entries such as Brackets, Beta, and Stop Limit. It is also capable of executing orders automatically. It has a mosaic view that allows users to configure their workspace. It is also customizable, and enables users to create multiple watchlists and market scanners. It can also execute pair hedging orders.
Plus500
Located in Sydney, Australia, Plus500 is a licensed financial services provider. It is one of the most regulated Forex companies in the business, and is able to offer its clients a variety of financial instruments, including stocks, indices, bonds and commodities. The company is also a member of several prestigious investor compensation programs, such as the Financial Services Compensation Scheme (FSCS) and the Investor Compensation Fund (ICF).
The company also offers a comprehensive educational center, with hundreds of thousands of journals. It also features an advanced charting package, as well as a suite of trading tools.
The company’s slick mobile app is available for Android and iOS devices. The website itself is a bit barebones, but it includes a well-implemented web-based version of the Plus500 platform.