Forex Trading Platforms
If you are dealing in the trading and investment market, you will always need a suitable platform where you can make trades and track the finance market performance. A forex trading platform allows you to get familiar with the process of trading, to deal with customers and clients on the international market and to make trades that bring profits for you. Many of these trading platforms are available to be used on web as well as on mobile so that you can access them anywhere, anytime you want.
These are some of the most popular forex trading platforms.
Avatrade is an online broker providing services in foreign exchange (forex) and contract for difference (CFD).
XM.com is a brokerage tool offering online Forex trading services to clients all over the world.
IQ Option is among the most popular forex trading platform that is continuously evolving with the current market needs.
Plus500 is an online trading software available for Windows that allows users to trade online right from their Personal computers.
InstaForex deals in financial trading in the international forex market and allows clients and customers to trade on the world currency and stock markets at the international level through an easily accessible platform.
iForex is an easy and efficient online trading platform for beginners as well as for experienced traders.
Onada is a complete Forex trading platform offering various services including Forex trading, Currency Converter and Exchange Rates services.
eToro is a social trading and brokerage tool that allows its users and clients to watch online the financial trading activity of other users, learn from them and make their own trades.
Exness is a Forex trading service connecting people and companies across multiple countries and providing them a common platform to discuss their strategies and trade online.
Zulu is a trading and investment platform that lets you trade online with over millions of traders across 192 countries.
IFCMarkets is an online broker and forex trading platform offering trading services in the international financial markets through various platforms including, NetTradeX and MetaTrader 4.
OctaFX is an online Forex trading and broker service with reach in over 100 countries.
Roboforex offers online forex trading services at the international Forex exchange market.
SaxoBank is an online finance service that deals in global online trading and offers complete trade and investment solutions to its customers.
XTB is an online trading solution dealing in the trading of forex, indices, commodities and share CFDs.
HotForex is a Forex and commodities broker tool that offers online trading services to its clients.
FXPro is an online broking and forex trading tool that offers Contracts for Difference (CFD) trading on multiple services including foreign exchange, futures, shares and precious metals.
FXCM is an online tool that deals in forex trading and exchange with the aim of making online trading easy and convenient for common people.
Alpari is an online Forex trading platform that offers its clients a wide range of internet trading services in the foreign exchange currency market.
LiteForex specializes in online Forex trading in the international exchange market.
Dukascopy is a Swiss Forex bank and trading marketplace through which users can communicate and trade online with people all over the world.
Axitrader is an online Forex trading platform offering its services to clients all over the world.
Forex.com lets you manage your Forex trading services online with a basic account through which you get access to the global market of forex traders and get a chance to understand and even trade with international people and companies.
xTrade is an electronic forex trading application available in mobile application and desktop formats.
FXOpen is a retail forex brokerage and trading platform that offers online trading services by providing its customers access to the electronic communication network (ECN) for reading and making trades in cryptocurrencies, precious metals and other currencies.
FXDD is a popular online trading service application that provides access to foreign exchange trading market over various trading platforms including, FXDD Swordfish, PowerTrader, MetaTrader 4, VikingTrader, Mirror Trader, and JForex.
CMTrading is a financial market application dealing in all kinds of trading including Forex, CFDs, Indices, Commodities, Metals, etc.
NordFX offers Forex trading service through NFX trades, Metatrader 5, Metatrader 4 and several other popular online trading platforms.
ForexTime is an international online forex broker and trade platform serving traders and clients from various countries.
As an online Forex broker and trading platform, EasyMarkets(formerly EasyForex) is serving trade clients for past many years.
Markets.com is an online tool that allows you to invest and trade in Foreign Exchange (Forex) and Contracts for Differences (CFDs).
DeltaStock is an online Forex and CFD broker tool that offers integrated online trading services to clients from all over the world.
24FX offers forex trading services through an online platform and mobile applications.
Bforex is an online forex trading tool that comes in multiple formats and is available to be used online, on your computer or mobile device.
xForex is a simple user-friendly trading platform that has been designed with the aim to make online trading easy for everyone.
ThinkForex is an international Foreign Exchange broker application that allows its clients to trade in 25 CFD, 35 forex pairs and Metals products online through a single account.
Questrade offers online investing and trading service through a common online platform.
Stock.com is an online stock market platform that enables you to get familiar with the concepts of trading as well as to make trades online by using your account.
Alfatrade is an online trading tool that allows you to do much more than just trading.
ForexYard allows users to forex trade online with a simple account.
Tradeking online trading platform and brokerage service allows you to manage online trading of stocks, bonds, options and other financial products.
HyMarkets is a suitable trading platform for both new and experience traders.
MB Trading Forex
MB Trading is a complete trading solution for all kinds of users.
IG.com Forex trading service has been popular among its users because of low spreads and fast execution.
Trading as an economic concept is not new to humanity. Throughout the pages of history, we see how different civilizations have thrived on prosperous international trade. Today’s trading dictionary accommodates more than just buying and selling of goods and services. Thanks to the digital world, the possibilities have gone even beyond stocks, bonds, or mutual funds. Today’s largest financial market is the foreign exchange or forex market, where over 4 trillion USD worth of trading takes place every single day. Since the market is decentralized, you need a forex broker to participate in the trading activity. Here, a forex trading platform serves as the intermediary between the actual broker and the investor.
In short, forex is the currency exchange market. When you exchange the currency of a nation with another one, there is a price involved known as the exchange rate, and this is what drives the forex trading market. Currencies are always traded in pairs. They do not have any absolute price in the forex market. Instead, they are assigned a relative value where one currency’s market price is set when paid with another. For example, 1 CAD is worth X USD, or Y JPY, or Z EUR, etc. Most trading on forex platforms takes place in the U.S. dollar, Japanese Yen, British pound, Euro, New Zealand dollar, Canadian dollar, Australian dollar, and Swiss Franc. In recent times, with the advent of cryptocurrency, trading in Bitcoin, Litcoin, Ethereum, etc. has also become a popular choice among forex traders. Forex trading platforms cater not only to MNCs, commercial and central banks but also to investment managers and individual investors.
Enjoy the high liquidity and 24 hours market
The forex market is the most liquid and volatile marketplace in the world. Transactions can be completed within seconds, thus, giving way to the exchange of billions of dollars every minute of the day. The spreads are often very low, and with assessments of the highly volatile price movements, traders can reap exceptionally high amounts of profits on these platforms. It is also a global marketplace in the real sense of the word. The market is open is 24 hours a day for five days a week. The active session occurs from 9 p.m. on a Sunday and closes at 10 p.m. on Friday (GMT). During certain months, when countries make a shift towards daylight savings, the opening hours slightly vary. The market, although closed for retail traders over the weekend, is open to transactions even in the weekends.
Importance of choosing the right platform for trading
Trading with the right platform is central to attaining success in the international market. Most platforms would let it try out a plan with a demo account so that you can decide for yourself whether that particular platform is right for you or not. Pay attention to the slippage. While there is some difference in price always that may go unnoticed, see how negative and positive slippages are occurring on the platform to make a profit rather than ending up with a depreciated value. The solution should be stable and ideally never crash, be it a mobile application, a desktop software, or a web-based application. You should be able to navigate through the app without a hitch, meaning, it should come with an intuitive and friendly user interface. Bonus points if it also shows you market trends and gives you suggestions based on its ML algorithms. MetaTrader 4 is a very reliable platform for newbies as well as advanced traders. But it takes some time to get used to the platform. Hence, you can opt for a solution that offers a customized version of the MT4 platform, and once you gain confidence, you can jump right back to become the pro-trader you always wanted to be.