The platforms include its web portal as well as MT4 and MT5 which makes trading easier as they can be accessed through mobile phones. Furthermore, the company is well-known for charging very tight spreads ranging from 0.0 pips to 0.2 pips. In just 13 years, the broker platform has gained the confidence of over 5M traders. The company provides services to more than 190 countries around the world. XM boasts that they provide 16 full-feature trading platforms and have staff that supports more than 30 languages.

  • As always, only invest capital that you can afford to lose (even if you’ve got a sure bet).
  • Choose between a light or dark theme platform and customize your workspaces to fit your needs.
  • However, some platforms – such as TD Ameritrade, are a lot more suited to seasoned forex pros.
  • After all, you need to explore things like supported currency pairs, commissions, minimum account balances, and regulation.
  • As you might have expected from their name, is focused on community investing.

When using AvaTrade’s MT4 Mac trading platform, you can incorporate a range of asset classes into your trading strategies, including forex, ETFs, shares, commodities and indices. EasyMarkets was the first forex broker to launch Deal Cancellation back in 2016. The tool allows you to cancel a trade within 60 minutes and get your money back should market prices move in an unfavorable direction. Being a specialist in social trading, of particular interest is CopyTrader and SmartTrader. CopyTrader allows you to find, follow and copy other traders in the eToro network. Smart Trader is like copy trading with indices, with this feature trading baskets are created based on popular themes.

Things To Consider When Choosing A Forex Trading Platform

And above all there is no penalty when you go from web browser to mobile device. As you will get all the functions available on your PC browser on your smartphone too. In fact, their proprietary platform has over 75 technical indicators and various chart types. For the advanced trader our choice of best forex broker goes to Peperstone.

best forex trading platform

With over 150 data points on each broker and over 3000 hours of research and review writing, we believe we have succeeded in our goal. If you want the flexibility of movement between brokers in the future. If you have a connection to a platform already – examples would be that they used it before or recommended by a friend/trading coach. We may receive compensation when you click on links to products we review. AvaTrade is regulated throughout the world and this includes being regulated by ASIC in Australia. You can signup to to start Forex trading using the button below.

About Cmc Markets

The ThinkMarkets standard account type is a spread only account that does not charge flat-rate commission fees. This means that the forex broker makes their money primarily from the difference between the ‘ask’ and ‘sell’ price of any forex pair. The minimum spread is 0.4 pips and the average spread is 1.2 pips for commonly traded major forex pairs. If your trading account balance reaches $0, the online broker’s Negative Balance Protection policy will close all your Forex news open positions to ensure you do not end up with a negative balance. If negative balances occur because of high volatility in CFD and foreign exchange markets, the broker will pay you out any negative balance. Most forex brokers do not offer this feature, which gives you peace of mind when using the ThinkMarkets platform. The broker designed its Standard Account type for beginner traders, with no commission fees and a $0 minimum deposit required to open an account.

Both platforms come included with assurance of some of the best order execution rates on the market. To automate market analysis, Autochartist can automatically seek out trading opportunities through real-time market scanning software, alerting traders via notifications. Additionally, algorithmic trading features such as Expert Advisors and technical indicators can easily be integrated into MetaTrader platforms. To Financial Commission access Axi’s wide range of technical analysis and charting tools, MT4 and MT5 can be downloaded as a desktop platform or tablet and mobile apps. Plus500 is a CFD provider that offers its proprietary trading software as a web trader platform or mobile app. You can trade a wide range of financial instruments as a Plus500 client, gaining access to over 2,000 shares, cryptocurrency, option, index, commodity and forex markets.