76% of retail accounts lose money

76% of retail accounts lose money when trading CFDs with this provider. If you’d like to trade forex or forex review are thinking of switching brokers, read this article for Benzinga’s picks for the best forex brokers.

forex trading platforms

Since 2005, MetaQuotes and the MT4 trading platform reigned in the https://www.ig.com/en/forex/what-is-forex-and-how-does-it-work sector, but over the past five years, other providers managed to increase their market share. Yes, you must use a forex broker to speculate on the price of currencies from a brokerage account. Your broker should be a trustworthy one, regulated and properly licensed in the same country you reside or in a major financial center. Unlike several other entries on this list, IG Trading is a forex-dedicated platform. This has allowed IG to build a specialized system that lets its users focus on forex trading.

How To Read Forex Charts

While a great platform for investors who have to work with currencies anyway, this is not a strong platform for investors who want to make fast-paced or data-heavy trades. This is not the cheapest platform on the market, and IG’s margin costs can add up in the high-volume trading world of forex. This platform is operated by GAIN Capital, one of the largest currency brokerages in the world, and is generally the best all-around platform for dedicated forex trading. This Forex news is a terrific platform for managing forex as part of your investment portfolio, but might not be the best one for dedicated forex trading. TD Ameritrade’s thinkorswim platform is, simply put, one of the best investment products on the market. It has already appeared in some of our other “best of” lists for its comprehensive features, and it earns a place here, too. For the people who trade in this market, keeping up with this story requires fast and precise tools.

forex trading platforms

If you have an issue with your trading platform that you need help with, it is important that the forex broker has a prompt and efficient customer service team. Online chat is often the quickest way to speak with someone whilst other options include telephone and email.

Best For Data And Research: Ig Trading

The broker supports the popular MetaTrader 4 trading platform with multiple terminal capabilities and a multi-account manager. You can also access the FXCC MT4 platforms on Android and iOS smartphones https://jobs.dou.ua/companies/dotbig-ltd/ and tablets. FXCC employs an electronic communications network/straight-through processing (ECN/STP) model, so you get tight forex dealing spreads from top Interbank liquidity providers.

  • This means that it has the capacity to scan the forex markets 24 hours per day, 7 days per week.
  • If you’ve read through this guide up to this point, you should now know what it takes to find a forex trading platform for your needs.
  • If you’d like to trade forex or are thinking of switching brokers, read this article for Benzinga’s picks for the best forex brokers.
  • So traders will have to understand the kind of platforms that they will need to use in order to get a lot of learning from those platforms.

In addition to forex trading, the broker also offers Stocks, Commodities, Cryptocurrency, Indices and more. In addition to providing you with free easy to use forex trading platforms, Pepperstone also offers low cost forex trading, tight spreads and fast trade execution speeds. They are regulated by top regulatory authorities and have an award-winning customer service team. These factors amongst many others make them one of our best forex trading platforms. It offers a broad variety of brokerage services geared towards sophisticated active traders, investors, professionals, and institutions.