10 Best Platforms For Forex Trading

Before we dive into our list of the best platforms for forex trading, we want to provide a brief overview of what a forex trading platform is.

A forex trading platform is software used for trading forex, it is used to place trades and exit traders. Most of them come with indicators and charts that can be used to enhance trading in the forex market. Not only that, they can be used to trade stocks as well.

A forex trading platform is completely different from a forex broker. Most brokers offer the trading platforms listed below as part of their service to traders.

Metatrader 4 (MT4)

Metatrader 4 (MT4) is the most popular and one of the best platforms for forex trading in the world. It is available for free from many forex brokers.

MetaTrader 4 (MT4) is a popular forex trading platform developed by MetaQuotes Software. It offers a variety of features, including advanced charting and analysis tools, that help traders to make informed decisions. MT4 is available for free or as part of a paid subscription from some brokers.

MT4 is a very user-friendly platform and it is very easy to set up and use. It has a wide range of features and tools that can be used by both beginner and experienced traders.

One of the best things about MT4 is that it is very reliable and it is very unlikely to experience any technical problems while using it.

Another great thing about MT4 is that it offers a mobile app so you can trade on the go.

If you are looking for a good forex trading platform, then you should definitely consider using MT4.

Metatrader 5 (MT5)

Metatrader 5 (MT5) is one of the most popular forex trading platforms available today and is also on top of the list of best forex trading platforms as more and more traders are switching to the platform. MT5 offers a number of advantages over other platforms, including:

– A more user-friendly interface
– More flexibility and customization options
– More advanced features and tools
– Access to more markets and assets

If you are looking for a comprehensive, user-friendly forex trading platform, MT5 is a great option to consider.

Tradingview

Tradingview is a social network for traders and investors to share their ideas and strategies. The platform offers a variety of tools, including charts and indicators, that users can use to develop and test their trading strategies.

Tradingview is free to use and also offers a paid subscription for more advanced features.

The charts on Tradingview are the best in the market, hands-down. so, yeah, tradingview is one of the best platforms for trading forex.

NinjaTrader

NinjaTrader is a forex trading platform developed by NinjaTrader LLC. It offers a range of features, including advanced charting and market analysis tools, those help traders make informed decisions. NinjaTrader is available for free or as part of a paid subscription from some brokers.

Key Features of NinjaTrader

1. NinjaTrader is one of the best forex trading platforms available. It is extremely user-friendly and has a wide range of features that make it perfect for both beginners and experienced traders.

2. One of the best things about NinjaTrader is that it is completely free to use. There are no monthly fees or commissions, so you can trade without any restrictions.

3. NinjaTrader also provides access to a wide range of markets, including Forex, CFDs, futures, and options. This means that you can trade a variety of different assets on the platform.

Overall, NinjaTrader is an excellent choice for anyone looking for a forex trading platform. It is user-friendly, has a wide range of features, and is completely free to use.

Ctrader

cTrader is a forex trading platform developed by Spotware Systems. It offers advanced charting and analysis tools, as well as a range of order types and execution modes. cTrader is available for free or as part of a paid subscription from some brokers.

Ctrader is a popular Forex trading platform that offers a user-friendly interface and advanced charting tools. Ctrader also has a mobile app so you can trade on the go.

Etoro Social Trading Platform

Etoro is also one of the best platforms for forex trading because it is very user-friendly. The platform is designed for both beginner and experienced traders. Etoro also has a mobile app that makes it easy to trade on the go.

Etoro offers a wide variety of currency pairs to trade, including major, minor, and exotic pairs. The spreads on Etoro are very competitive. Etoro also offers margin trading, which allows traders to trade with leverage.

Another great feature of Etoro is its social trading features. Traders can copy the trades of other successful traders on the platform. This is a great way to learn from more experienced traders and to make profits yourself.

Overall, Etoro is one of the best platforms for forex trading out there. It is user-friendly, has a wide variety of currency pairs to trade, and offers competitive spreads.

Saxo TraderGO

1. Saxo Bank is a Danish bank that offers a web-based trading platform for forex trading.
2. The platform is user-friendly and offers a wide range of features, including real-time quotes, charting tools, news feeds, and economic calendars.
3. Saxo Bank is regulated by the Danish Financial Supervisory Authority and is a member of the European Securities and Markets Authority (ESMA).
4. The minimum deposit to open an account with Saxo Bank is $10,000.
5. Saxo Bank offers competitive spreads and has low commissions on trades.

Overall, Saxo Bank is a good choice for those looking for a web-based forex trading platform. It is user-friendly and offers a wide range of features. The minimum deposit to open an account is $10,000.

The saxo tradergo platform is the official trading platform for the broker. Meanwhile, they have another called the Saxo TraderGO.

Zulu Trade On Mobile (Apple and Android)

Zulu Trade is one of the best platforms for forex trading for beginners. It is very user-friendly and has a wide range of features. Zulu Trade also offers a demo account so that you can try out the platform before you commit to trading with real money.

One of the best things about Zulu Trade is that it offers a wide range of currency pairs to trade and allows you to trade efficiently on mobile devices/smartphones. You can trade major currencies, as well as some more exotic ones. This gives you a lot of flexibility when it comes to choosing which trades to make.

Another great feature of Zulu Trade is its social trading function. This allows you to see what other traders are doing and copy their trades if you wish. This is a great way to learn from more experienced traders and make profits yourself.

Overall, Zulu Trade is one of the best platforms for forex trading available. It is user-friendly, offers a wide range of features and currency pairs, and has a great social trading function.

Markets.com For Mobile

Markets.com mobile is a great forex trading platform for those who are looking for a reliable and user-friendly platform. The platform is designed to be user-friendly, with a simple interface that makes it easy to navigate. It also offers a wide range of features, including real-time quotes, charts, and analysis tools.

Markets also offer a demo account so that you can try out the platform before you commit to trading with real money. This is a great way to get started with the platform and test out its features.

Overall, markets is a great choice for those who are looking for a reliable and user-friendly forex trading platform.

ThinkOrSwim By TD Ameritrade

Thinkorswim is the official trading platform of TD Ameritrade broker. The platform offers a variety of charting tools and indicators that can be used to help you make informed trading decisions. You can also access news and research data on the platform.

ThinkOrSwim also offers a mobile app that allows you to trade on the go. The app is available for both iOS and Android devices.

Overall, ThinkOrSwim is a great choice for those who are looking for a comprehensive forex trading platform.

Conclusion: best platforms for forex trading

MT4 and MT5 are hands down the best platforms for forex trading. and are quite easy to learn. If you are looking for a copy trading platform, then Etoro is the best on the list. For educational purposes, and teaching forex trading online, Trading view offers features like screenshots which make it easy to share your chart with others.