When choosing a forex trading platform, traders should consider both market type and broker’s reputation when making their decision. Some platforms cater more towards beginners by providing hover tips, educational courses and testing tools; other advanced ones feature automated strategies as well as customizable automated trading via scripting languages – the key thing being finding something suitable to both your needs and experience level.
There are a wide array of forex brokers offering an assortment of trading instruments such as currency pairs and CFDs on shares, commodities, equities, bonds, interest rates and even cryptocurrency trading. Some brokers even enable cryptocurrencies trading! Traders should pay attention to minimum deposits and maximum leverage offered by each broker as well as whether or not it provides demo accounts.
IG is a UK-based broker offering forex and CFD trading via desktop, web and mobile app platforms. Regulated by the Financial Conduct Authority in the UK and with an excellent reputation among traders. Their platforms feature various technical indicators and charting capabilities while they allow for up to 30:1 maximum leverage on select forex currency pairs.
This broker combines an intuitive and user-friendly proprietary trading platform with competitive pricing and transparent fee structures, making it one of the top options for traders of all levels. Furthermore, its free demo account gives users access to $100,000 worth of virtual money to practice trading. In addition, copy trading, social trading and mobile apps make accessing your account easy from anywhere around the world.
eToro is an ideal platform for both experienced and novice traders. Its intuitive trading platform is easy to use, offering numerous features such as advanced technical analysis, custom indicator creation and the capability of automating trades via robots. Mobile apps provide convenient monitoring options on-the-go while their customer support provides immediate responses when needed.
Pepperstone is an established forex broker known for providing traders of all skill levels with access to an advanced desktop platform and comprehensive education center. Pepperstone’s highly customizable Trader Workstation platform supports automated trading strategies like Autochartist and API trading – while their competitive price structure offers EUR/USD spreads as low as 0.7 pips!
FXPro is a forex and CFDs broker designed to meet the needs of traders of all levels of experience, offering an assortment of trading tools, resources, an expansive education center, and the MT4 desktop platform. FXPro boasts cost-effective pricing including spreads as low as 0 pips on EUR/USD with no commissions applied – contributing significantly to cost effectiveness; as well as offering free demo accounts and generous bonus programs; their MT4 platform features various analytical and technical tools as well as one-cancels-the-Other (OCO).