If you are looking for the best and cheapest online trading platform, this software may your choice. When it comes to trading FX online, most brokers will supply you with various trading platforms, yet MetaTrader platforms are the most common, and they are free.

This free trading platform software was developed nearly ten years ago. There are two primary choices of the trading platform currently offered by MetaQuotes Corp - MetaTrader 4 and MetaTrader 5. MetaTrader 4 is a platform, which was specifically designed for FX trading. As retail Forex is a relatively new industry, it did not have reliable third party Forex trading software available until MetaTrader 4 appeared.

This is a reliable trading platform that provides traders with lots of useful features. These include:. These are just a few of the benefits of MetaTrader 4. One of its strongest selling points is its stability, which is one reason some traders consider it one of the best trading platforms in the UK and elsewhere. You can really count on this platform. In addition to this, it is also supplied with a powerful set of mobile apps.

These applications are available for nearly any type of operating system, including iOS , Android , and Windows. Needless to say, these mobile platforms are also very stable and powerful.

MetaTrader 4 has copious trading features that you can use throughout your whole trading journey. Additionally, it is easy to learn and use, making it one of the best online trading platforms for beginners and professional traders. Occasionally you may find that some brokers offer wider spreads on the MT4 platform in comparison with the smaller spreads they may offer through their main trading platform assuming that the broker in question offers several trading platforms to trade on.

Additionally, some professional traders argue that the platform is slower in comparison with other trading platforms. Source: MetaTrader 4 - Market Watch - Several different currency pairs opened in Mini Terminals. Whilst MetaTrader 4 is quite a powerful platform in itself, Admirals offers a plugin for it known as MetaTrader 4 Supreme Edition.

This plugin may put MT4 at the top of some traders' lists of the best trading platforms in the UK and elsewhere. It's a plugin that has over 50 additional tools for traders. Once you have downloaded your MT4 Forex trading platform, you will need to download Admirals' MetaTrader 4 Supreme Edition and install this package over the original MetaTrader 4 installation.

This plugin significantly increases the advantages of MetaTrader 4 - and it also allows users access to a more flexible 1-click-trader, also known as the 'Mini-Terminal'. New orders, like OCA orders, will become accessible and you will even be able to drag and drop your stop-losses and take-profits.

Admirals recognises the great advantages of MT4, and has developed this add-on to make it even better for its clients. Quite similar to MetaTrader 4, this is one of the best forex trading platforms currently available.

In general, MetaTrader 5 is slightly faster, supports more types of orders, comes with a larger amount of indicators and has some additional features. Whilst it is a better platform, there aren't any huge, revolutionary differences that can make MetaTrader 4 redundant. What is good about MetaTrader 5 for both traders and brokers is that it can handle a larger amount of trading instruments compared to MetaTrader 4.

While MetaTrader 5 is similar to MetaTrader 4, there are some distinct advantages that are simply not found in other forex trading platforms. For example, MetaTrader 5 has:. While MetaTrader 5 is fully loaded with advanced trading features, making it one of the best and most powerful trading platforms available for Forex trading, Admirals offers a plugin called MetaTrader 5 Supreme Edition which offers even more advanced trading tools.

Once you have downloaded your MT5 Forex trading platform, you will need to download Admirals' MetaTrader 5 Supreme Edition and install this package over the original MetaTrader 5 installation. CFD trading platforms let you trade hundreds of financial instruments without ever owning the underlying asset. Instead, you are looking to predict an asset's price direction — commodities, stocks, forex or something else— will fall or rise.

Some key points to consider when choosing the best online CFD trading platform are the available markets, payments, commissions, and regulation.

Some of these are determined by your broker, not your platform, so it is equally important to find a broker with agreeable terms. MetaQuotes Corp software is one of the best online CFD trading platforms available because both MetaTrader 4 and MetaTrader 5 offer charts and broker integration for one-click trading, as well as many other features such as:. Admirals offers trading on both MetaTrader 4 MT4 and MetaTrader 5 MT5 , as well as MetaTrader WebTrader which allows trading directly from your browser.

One of the main differences between MetaTrader 4 and MetaTrader 5 is the range of markets available to trade. If you wish to trade oil, gold, silver, natural gas, wheat and the like, you'll need one of the best online commodity trading platforms. As well as offering access to the commodities markets you wish to trade, the platform and broker you choose must also offer attractive fees and commissions, as well as a sufficient range of trading indicators and tools.

MetaQuotes Corp software is also one of the best online commodity trading platforms available. With their MetaTrader 4 or MetaTrader 5 trading platform and a live trading account with Admirals, traders get access to the markets, tools, data, low fees and low spreads that can help them achieve success using an online commodity trading platform. Whilst MetaTrader 4 is the dominant choice for many professional traders, there are other options that have developed in recent years.

If you are looking for the best and cheapest online trading platform, this software may your choice. When it comes to trading FX online, most brokers will supply you with various trading platforms, yet MetaTrader platforms are the most common, and they are free. This free trading platform software was developed nearly ten years ago. There are two primary choices of the trading platform currently offered by MetaQuotes Corp - MetaTrader 4 and MetaTrader 5.

MetaTrader 4 is a platform, which was specifically designed for FX trading. As retail Forex is a relatively new industry, it did not have reliable third party Forex trading software available until MetaTrader 4 appeared. This is a reliable trading platform that provides traders with lots of useful features.

These include:. These are just a few of the benefits of MetaTrader 4. One of its strongest selling points is its stability, which is one reason some traders consider it one of the best trading platforms in the UK and elsewhere. You can really count on this platform. In addition to this, it is also supplied with a powerful set of mobile apps. These applications are available for nearly any type of operating system, including Android , and Windows.

Needless to say, these mobile platforms are also very stable and powerful. MetaTrader 4 has copious trading features that you can use throughout your whole trading journey.

Additionally, it is easy to learn and use, making it one of the best online trading platforms for beginners and professional traders. Occasionally you may find that some brokers offer wider spreads on the MT4 platform in comparison with the smaller spreads they may offer through their main trading platform assuming that the broker in question offers several trading platforms to trade on. Additionally, some professional traders argue that the platform is slower in comparison with other trading platforms.

Quite similar to MetaTrader 4, this is one of the best forex trading platforms currently available. In general, MetaTrader 5 is slightly faster, supports more types of orders, comes with a larger amount of indicators and has some additional features. Whilst it is a better platform, there aren't any huge, revolutionary differences that can make MetaTrader 4 redundant.

What is good about MetaTrader 5 for both traders and brokers is that it can handle a larger amount of trading instruments compared to MetaTrader 4.

While MetaTrader 5 is similar to MetaTrader 4, there are some distinct advantages that are simply not found in other forex trading platforms. For example, MetaTrader 5 has:. CFD trading platforms let you trade hundreds of financial instruments without ever owning the underlying asset. Instead, you are looking to predict an asset's price direction — commodities, stocks, forex or something else— will fall or rise.

Some key points to consider when choosing the best online CFD trading platform are the available markets, payments, commissions, and regulation. Some of these are determined by your broker, not your platform, so it is equally important to find a broker with agreeable terms. MetaQuotes Corp software is one of the best online CFD trading platforms available because both MetaTrader 4 and MetaTrader 5 offer charts and broker integration for one-click trading, as well as many other features such as:.

Admiral Markets offers trading on both MetaTrader 4 MT4 and MetaTrader 5 MT5 , as well as MetaTrader WebTrader which allows trading directly from your browser. One of the main differences between MetaTrader 4 and MetaTrader 5 is the range of markets available to trade. If you wish to trade oil, gold, silver, natural gas, wheat and the like, you'll need one of the best online commodity trading platforms.

As well as offering access to the commodities markets you wish to trade, the platform and broker you choose must also offer attractive fees and commissions, as well as a sufficient range of trading indicators and tools.

MetaQuotes Corp software is also one of the best online commodity trading platforms available. With their MetaTrader 4 or MetaTrader 5 trading platform and a live trading account with Admiral Markets, traders get access to the markets, tools, data, low fees and low spreads that can help them achieve success using an online commodity trading platform.

With Admiral Markets, you have access via CFDs to sixteen of the largest commodities traded in the commodity market, plus 10 CFDs on commodity futures. Here are the commodity CFDs currently available:. The broker also integrates with the highly popular MetaTrader 4 and MetaTrader 5 trading platforms. So, you can trade with forex signals or create custom technical indicators to suit your needs.

Notably, VantageFX also enables social trading with Myfxbook, ZuluTrade, and Duplitrade. VantageFX is regulated by the UK Financial Conduct Authority FCA and the Australian Securities and Investment Commission ASIC.

If you a novice in the world of forex trading then you should choose a platform the supports low minimum deposits. In doing so, you can test the waters out slowly without risking too much capital. Nevertheless, FXCM is home to a great range of forex pairs - all of which can be traded commission-free.

Spreads are particularly competitive when trading major pairs. FXCM is also a great option if you want access to leverage. In fact, this top-rated forex trading platform offers leverage of up to Your limits will, however, also be dictated by your location and prior trading knowledge.

For example, UK and European traders will be capped to In terms of the forex trading platform itself, FXCM offers full support for MT4 and ZuluTrade. Or, you might decide to use the provider's native FXCM Trading Station - with is very popular with newbies. Finally, FXCM has been active in the forex trading scene for over two decades and is regulated by the FCA.

There is no guarantee you will make money with this provider. TD Ameritrade is arguably one of the most reputable brokerage firms globally. Established more than four decades ago, the platform is typically known for offering a huge library of stocks, ETFs, and investment funds.

However, TD Ameritrade is also behind a fully-fledged forex trading facility. The platform supports a wide variety of tradable currencies, with pairs including the likes of USD, CAD, GBP, HKD, NZD, JPY, NOK, and more. All supported pairs can be traded 23 hours per day - subsequently ensuring that the platform serves its global client base. We should note that the TD Ameritrade 'Thinkorswim' platform is best suited for experienced forex traders.

This is because it comes packed with professional-level tools and features that to the untrained eye - might come across as somewhat intimidating. When it comes to forex trading fees, TD Ameritrade builds all commissions into the spread. This means that you only need to look out for the gap between the bid and ask of your chosen FX pair. In some respect, leverage is a crucial tool to have at your disposal when trading forex online. After all, the day-to-day gains that you can make by buying and selling currency pairs are going to be somewhat modest.

As such, if you have access to a small amount of capital, it might be best to use a platform that offers high levels of leverage. As always, you might be offered lower limits - especially if you are based in Europe and you're not deemed to be a professional trader.

Nevertheless, we should note IG is much more than just a high leverage broker. On the contrary, this hugely popular forex trading platform gives you access to over 80 currency pairs. Fees are really attractive too, as spreads on major pairs start from just 0. There are no commissions charged in the IG forex trading department, either.

Additionally, IG is also compatible with MT4. If you haven't previously heard of IG and are concerned about safety - you shouldn't be. This brokerage firm has been operational since the s and it is now publicly listed on the London Stock Exchange. And most importantly - it is fully regulated in several jurisdictions. FXTM is a popular forex trading platform that offers full support for MT4.

This means that once you open an account and make a deposit, you can place all buy and sell orders via the MT4 desktop software. As a seasoned trader, you'll know that MT4 provides heaps of technical indicators and is compatible with automated forex EAs.

FXTM itself offers a huge number of forex pairs and there are several account types on offer. Plus, this FXTM account allows you to trade forex with micro amounts. This is perfect if you are trading forex online for the first time. In terms of forex trading fees, this will depend on your chosen account type. For example, some accounts offer zero commissions and wider spreads, while others allow you to trade currency pairs at 0 pips.

If you're a newbie, FXTM offers a good selection of educational and research tools. This will allow you to become a better forex trader over the course of time. If you are looking to trade several different asset classes other than just forex, XTB might be a good option to consider. The online trading platform is particularly popular in Mainland Europe - as XTB's parent company is listed on the Warsaw Stock Exchange. Nevertheless, the forex trading department at XTB is highly extensive, with dozens of pairs to choose from.

Best of all, you won't need to pay any commissions when trading forex, as everything is built into the spread. This is also the case with indices, commodities, and digital currencies like Bitcoin and Ethereum. If you're also keen on trading stock CFDs, XTB will charge you a very small commission of 0. There are no fees to get started with XTB and there is no minimum deposit to take into account. XTB uses its own trading platform that was built from the ground up - xStation.

This is available online or via the XTB mobile app, which you can use on mobile devices such as iPhone and the ones compatible with Android. When it comes to the extensive of supported forex trading market, nobody gets close to CMC Markets. Naturally, this includes each and every major and minor pair in the market. But, CMC Markets is really strong when it comes to trading emerging currencies. This includes everything from the Indian rupee and Mexican peso to the South African rand and Singapore dollar.

CMC Markets is home to an award-winning trading platform that is compatible with desktop browsers, Android, iOS, and tablets. Additionally, you can also trade forex at CMC Markets via MT4. When it comes to trading fees, CMC Markets builds all costs into the spread. This starts at a very competitive 0. Outside of the forex department, CMC Markets also supports CFDs in the form of stocks, indices, cryptocurrencies, commodities, and Treasuries. If you like the sound of CMC Markets, it takes just minutes to open an account with this top-rated forex trading platform.

However, a major flaw here is that CMC Markets charges 2. So now that we have reviewed the best forex trading platforms of and beyond - it's now time to explain how you can find a provider yourself.

After all, no two brokers are the same, so you need to ensure that the platform is conducive to your forex trading needs. Below you will find a list of important factors that should be considered in your search for the best forex brokers. The global forex trading industry now sees trillions of dollars worth of currency change hands each and every day. As such, in most parts of the world, this online trading scene is heavily regulated. However, not all forex trading sites obtain the required license or authorization to operate in the countries it serves.

In other cases, although the platform might hold a license, this might be from a shady offshore financial body. As such, you should only open an account with a forex trading platform if it is regulated by a reputable license issuer. By choose a forex trading platform that is regulated by one or more of the above bodies - you can rest assured that the provider is safe.

For example, our top-rated forex trading platform - eToro, is regulated by the FCA, CySEC, and ASIC. It is also registered with FINRA in the US. All in all, these bodies have strict expectations on the best forex brokers that they regulate - all of which center on fairness, transparency, and investor protection.

There are many forex pairs that you can trade from the comfort of your home. Most forex trading sites in the space will cover most major and minor pairs. These are the most in-demand pairs as they carry the largest trading volume and liquidity. In turn, majors and minors benefit from the tightest spreads.

With that said, the best forex trading platforms that we came across also offer lots in the way of exotic pairs. eToro, for example, allows you to trade many emerging currencies against the likes of the US dollar and Euro. Although more volatile, this is something that is often craved by seasoned forex traders anyway. All forex trading platforms are in business to make money.

How they achieve this can vary from platform to platform. Therefore, it is imperative that you check what fees will be applicable when trading forex at your chosen site.

Some forex trading platforms charge a commission on every buy and sell order that you place. In all but a few rare cases, this will come in the form of a variable percentage.

Swap cannot be charged in Islamic forex brokers or swap free forex brokers. With that said, the best forex trading platforms of allow you to place buy and sell positions commission-free. This includes the likes eToro, Forex. com, CMC Markets, and more. In this scenario, you will only pay a fee in the form of the spread. All forex trading platforms make money from the spread. This is the difference between the buy and sell price of the forex pair. Unlike traditional financial markets, the spread in forex is calculated in 'pips'.

In terms of what is deemed competitive, the best forex trading platforms offer spreads on major pairs at less than 1 pip. If you are unfamiliar with the spread, it is an indirect cost that you need to cover to get back to the break-even point on your forex trade. It is important to note that most forex trading platforms offer a variable spread. This means that the spread can change throughout the day depending on market conditions.

The forex marketplace is an exclusively digital venue offering individuals from around the globe an opportunity to trade currencies remotely via internet connectivity. Such vast levels of participation are attributed to favourable market conditions and low barriers of entry. All that is needed to begin trading on the forex marketplace is an internet connection, capital, computing capabilities and a trading platform.

Perhaps the most important of these inputs is the trading platform, which is a software suite that gives individuals the ability to access and interact with the market. It is an indispensable tool, one that makes both analysis and active trading possible.

To put it simply, the platform is the trader's portal to the market. Trade the News: View our Economic Calendar Learn More. A truly great platform offers robust functionality through a user-friendly format.

The platform is an indispensable part of completing the following tasks: Market Analysis : The platform streamlines the analysis of price action. Charting capabilities, indicators and other technical tools are included within the software. Trade Execution : Entering and exiting the market in a number of ways is made possible by the platform.

Strategy Development : Backtesting, system optimisation and historical data analysis are features typically included in the platform's functionality. Forex trading is a highly competitive and fast-paced arena.

In order to keep from falling behind, one must identify and employ the platforms that combine leading-edge technology with innovative flexibility. Trading Station, MetaTrader 4 MT4 , NinjaTrader and ZuluTrade are industry leaders in the provision of forex trading platforms.

To decide on the best platform we took the following consideration into account: Functionality : A solid platform must combine cutting-edge technology with a user-friendly interface.

The result is a robust, powerful trading suite. Latency : In the contemporary forex market, speed is a commodity. Top-tier platforms eliminate unwarranted latencies in the areas of data-streaming and order entry. In doing so, they enhance the efficiency of the entire trading process. Advanced Features : Today's forex trader is more dependent than ever on technical analysis.

The best trading software should be equipped with a diverse array of tools and indicators, a multitude of charting alternatives and customisation options.

Cost : At FXCM, we feel that elite platforms should be affordable. The low cost structure leaves more capital for the addition of third-party add-ons, strategic development and actual trade execution. Trading Station. Trading Station is FXCM's proprietary, flagship platform that furnishes users with an abundance of options for both analysis and execution.

It is a solid choice for traders of all experience levels, from novice to expert. Trading Station provides award-winning functionality in the following areas: Charting : Advanced analytical options are readily accessible including the professional charting suite Marketscope and Real Volume indicators.

In addition, the Chart Trader and a wide variety of pre-programmed technical tools are available. Automation : Customisable trade automation is included in the Trading Station software suite.

Also, backtest and optimise any strategy quickly and automatically. Order Entry : Multiple order types for market entry and exit are readily at hand. Accessibility : Trading Station is available via download, web or mobile application. Pros Cons An abundance of technical tools and indicators, complimentary access with live account, low latency and ideal trade execution Not designed for social trading, not available in U.

MT4 is considered by many to be the industry standard in forex trading. Boasting one of the largest user bases in the forex industry, it supplies users with the technology to accomplish any trading objective. MT4 offers a collection of unique services to enhance both analytics and trade execution: MT4 Trading System : An extensive variety of orders for market entry and exit make customising trade management strategies convenient. Three distinct execution modes promote adaptability and performance.

Algorithmic Trading : The proprietary Expert Advisors and broad collection of indicators are valuable tools for custom strategy development. Trading Signals : MT4's signals support social trading functionality. More than 3, free and commercial signals are available for use. Accessibility : MT4 is available through download, web or mobile application. Pros Cons Compatible with all EAs, no trading restrictions, universally accessible Trade execution varies from Trading Station, many EAs come with an additional cost NinjaTrader.

NinjaTrader is a popular choice among futures , equities and forex traders. Featuring advanced analytics coupled with affordability, it is an all-inclusive software trading platform. With more than 40, users worldwide, the NinjaTrader community offers top-tier support and customer service.

Below are few of the premier features offered by NinjaTrader: Strategy Builder : Construct fully customised strategies without a programming background using the Strategy Wizard. Tech savvy traders may code their own strategies using the C based NinjaScript.

Market Analyser : NinjaTrader's Market Analyser is a real-time quote sheet that can be tailored to an individual's needs. It is a dynamic way of scanning multiple products for opportunity. Market Replay : Market Replay is a unique way of viewing the market in a delayed fashion. It enables traders to view the price action of past sessions and practice specific trades or test ideas in live market conditions. Accessibility : NinjaTrader offers connectivity via download.

Pros Cons Basic features free to use, advanced technical tools and indicators, strategy-building tools available Limited accessibility, unique programming language NinjaScript , cost associated with automated trade management ATM ZuluTrade. A pioneer in the arena of "social trading," ZuluTrade presents individuals with a method of consulting and copying the trades of other traders in real-time.

ZuluTrade is an attractive alternative for individuals who are just starting out or those who simply do not have the time to fully engage the forex market. ZuluTrade is a unique platform with several distinct features: Full Automation : ZuluTrade gives users the ability to automatically execute the trades of other traders, customise risk management or create custom alerts.

Observe : With TradeWall and the Top Traders spreadsheet, it's easy to select an approach to the market according to performance and suitability.

Interact And Learn : The ZuluTrade blog is a valuable educational tool. Learn about indicators, strategies and market basics. A virtual trading floor is available to interact with signal providers and other participants from around the globe. Accessibility : ZuluTrade is available via download, web and mobile application. Pros Cons Social-trading connectivity, full automation, ideal for peer-to-peer education Subscription costs, increased trade-related latencies, past-performance of signal providers not indicative of future results TradingView.

TradingView is one of the best and most popular technical analysis platforms used by more than thirty million users worldwide. However, suppose you are looking to interpret charts using various tools.

In that case, TradingView is arguably one of the best available. Its core strength lies in its ease of use. Its user interface is intuitive and fast, allowing users to access charts with a few clicks. TradingView's feature includes: Interactive Charts : TradingView's charts are interactive, easy to read and customizable. For example, the chart will open in candlesticks by default. In addition, you can switch to as many as 12 chart types, including intelligent drawing tools and over indicators.

Markets : The platform can access almost all globally traded instruments. For example, you can use TradingView to analyze patterns of a US Stock, a Chinese Stock, Forex pair, Bitcoin, bonds, commodity futures and many more. Stock Screener : TradingView has a built-in stock screener for tradable stocks.

Like other features on the platform, this one is also easy to use. You can apply filters to a list of instruments to find candidate stocks for your trading strategy. Other than stocks, there are built-in forex and crypto screeners. Both work similarly to the stock screener, only with different input criteria. Pros Cons Extremely versatile with a vast database. Very competent stock screener with a sleek mobile app.

Plans range from free to premium — there is something for everybody. Limited support compared with others. Which Platform Is The Best? Being able to analyse the market in real-time, execute trades efficiently and develop new strategies are key aspects of achieving longevity in the marketplace. Selecting the platform that is best suited for the trading operation's needs is a big part of maximising the chance of success.

So, which platform is the best? The question is largely subjective and will depend upon whom is giving the answer. Each of the above software trading platforms is unique, excelling in specific areas of functionality. Here is a general breakdown of where each excels: Trading Station : The pinnacle in forex connectivity, trade execution MetaTrader 4 : Widely supported among forex brokers NinjaTrader : Cost effective, easily adaptable to futures and equities products ZuluTrade : A premier social trading destination TradingView : Charting platform and social network with a substantial database of instruments and tools.

Depending on the available resources, style and market goals, the determination of a best platform will differ. However, no matter the type or size of trader, one of the aforementioned platforms can optimise performance while enhancing the overall market experience.

The Dow Jones Industrial Average DJIA is one of the oldest and probably best-known stock indexes in the world. It is composed of 30 U. Four of the 10 largest U. companies ranked by market capitalisation were members of the DJIA as of 8 June These are the 10 largest publicly traded companies in the U. Familiarity with the wide variety of forex trading strategies may help traders adapt and improve their success rates in ever-changing market conditions.

A futures trading contract is an agreement between a buyer and seller to trade an underlying asset at an agreed upon price on a specified date. Due diligence is important when looking into any asset class.

With Admirals, you have access via CFDs to sixteen of the largest commodities traded in the commodity market, plus 10 CFDs on commodity futures. Familiarity with the wide variety of forex trading strategies may help traders adapt and improve their success rates in ever-changing market conditions. However, to access streaming and real-time data feeds, traders need to connect their platform with one of eSignal's supported brokers. In order to keep from falling behind, one must identify and employ the platforms that combine leading-edge technology with innovative flexibility. Looking to get into forex trading? For most beginners, trading forex with an amount of capital that you can afford to lose can be a great way to learn with less risk, and can be of value if you focus on the percentage returns rather than their dollar value. In addition to this.

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