The financial market is so volatile. And as such, forex traders and investors often look to reputable trading platforms for support and training. This isn’t for just newbie traders; experienced traders also need brokers with top-notch trading and research tools to help get the best of the financial market.
This article discusses some of the best trading platforms available in today’s market. We have carefully observed and tested each trading platform to ensure that we provide you with nothing but the best. You just have to weigh the pros and cons of each broker with your investment plan to determine which will serve you best.
Here are our top five picks.
Top 5 Forex Trading Platforms
The MTrading platform is a top-notch trading platform. They offer online trading access to various currencies, securities, gold, silver, etc. They are a top industry trading platform for forex and CFD trading on your different mobile devices. They also offer cross-platform trading with MetaTrader4 to help boost your overall trading experience.
With MTrading, you’d have easy access to top-notch and advanced trading software to help ensure effective and efficient transactions in the financial market. They provide mini trading charts – a small chart within your main chart to give you a better picture of the current market trends.
- Access to many trading platforms
- 24 hours customer support
- High max leverage
- Absence of standalone research tools.
2. TD Ameritrade
If you want a trading platform that satisfies the needs of both experienced and beginner investors, then TD Ameritrade is just right for you. They offer a think or swim trading of more than 70 currency pairs. Also, trading with this platform provides extensive research and educational tools to help ease the trading experience.
With TD Ameritrade, you enjoy a $0 commission on all online stock, ETF trades, and mutual funds. Unlike most other trading platforms, they offer you complete 24/7 customer support and have more than 250 branches in the US.
- Outstanding trading platform with impressive support
- High-quality research and educational materials to ease up technology trading
- Excellent for both beginners and experienced traders and investors.
- No copy trading
3. Interactive Brokers
Interactive Brokers is a trustworthy online trading platform that offers vast connections to trade the global market. The services are at fair prices with top-notch research and education to assist you in trading.
With IB, you can easily access thousands of stocks, options, crypto, ETFs, futures, corporate bonds, etc., with special investment categorization. However, the trading tools are a little sophisticated with advanced order types configurations so beginner traders may experience some initial difficulties.
- Offers excellent research and education
- Access to 135 market centers across over 30 countries with more than 20 currencies.
- Top-notch customer services – available for 24 hours every day over six days a week
- The trading platform may be too advanced for inexperienced traders.
- Unavailability of Meta trader as an alternative platform
FOREX.com is easily one of the most rated forex and CFD trading platforms in the US and the world. It provides an extensive array of markets and offers access to proprietary platforms, including MetaTrader.
Forex.com is a low-risk trading platform that raises the trust its customers have in them. With Forex.com, you are provided with more than 80 different currency pairs, in addition to precious metals, though you won’t find ETFs, crypto, and any stocks on this platform. You get access to their discounting policies when you trade in bulk volumes.
- Top-notch market research
- Highly rated broker with more than 20 years of experience
- Access to a vast range of markets
- Limited access to educational materials for US traders
5. CMC Markets
Are you just getting familiar with trading the financial market? CMC market might be the best trading platform for you, as they provide novice and inexperienced traders an excellent opportunity to familiarize themselves with Forex, ETF, crypto, and stock trading. They have more than 12,000 tradable symbols at competitive prices, with most available on a free commission basis.
The CMC Markets is loaded with the industry’s best trading platform with special trading tools to give you the best mix of technology as you trade. The trading cost on this platform is fair, though traders of the CFD may experience increased speed costs. So, inexperienced traders should try to shield themselves from the risks associated with CFD when using this platform.
- Excellent choice for novice and beginner traders
- Extensive research and educational materials.
- Top-notch mobile and website trading platforms
- Limited tradable symbols on MT4
MTrading: Editor’s choice. Provides direct access to the right tech to improve your trading skills – also, it’s your best bet for online trading on desktop or mobile devices.
TD Ameritrade: Best consumer support and top-notch trading tools to support professional and semi-pro traders.
Interactive Brokers: Excellent choice for professional and experienced traders based in the US. Sophisticated and advanced tools to get the best outcomes from the market.
FOREX.com: Provides a perfect blend of all the necessary tools to ensure success in the financial market.
CMC Markets: Offers impressive tools with a combination of top-notch tools to provide the best trading experience.
Let’s take a more robust approach to each trading platform as well as discuss their pros and cons.
Trading in the financial market exposes you to significant risks, so it is essential to use a credible trading platform to help ensure you get the best outcomes of trading. Your challenges may be because you don’t have access to enough research and tools to bolster your confidence as you trade. Perhaps you are experiencing difficulties trading FX, CFDs, and cryptocurrencies; try one of these platforms.
In addition, if you are a novice trader, you need to worry; these platforms provide adequate educational materials to ensure you get the best of this market. Check them out today!
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