eToro offers an all-around trading solution, ideal for both novice and more seasoned traders alike. Its user-friendly platform, comprehensive asset offering and strong regulatory status make it an attractive broker option. Furthermore, educational resources and a community where traders can exchange knowledge are also readily available as are copy trading and social trading features that could prove particularly helpful to novice traders.
An effective Forex trading platform is essential to having a rewarding trading experience. A good platform offers a diverse selection of tradable assets, user-friendly features and technical tools designed to support various trading strategies; moreover, it should be reliable and regulated by respected authorities. When selecting the platform that’s best suited to you and your trading style, take into account both personal preferences and trading styles – depending on your level of expertise, this could mean opting for full terminal functionality or something simpler with limited features.
MT4 trading platform is widely supported by most Forex brokers and is widely recognized for its robust functionality. It supports an array of Forex trading strategies across any timeframe, and boasts advanced charting and analytical tools that make developing complex systems simple without writing code. Expert Advisors (EAs) enable traders to automate trades while the platform’s history database stores all necessary statistics.
OANDA Trade is a top US forex broker, and their platform features several features to assist your trading strategies. Their depth of market function provides access to bids and offers at every price level while there is also an economic calendar and access to market news commentary.
IG is one of the UK’s premier brokers and offers both its own custom trading platform as well as the widely used MetaTrader 4 (MT4). Their proprietary trading platform was specifically tailored for newcomers to offer an intuitive user interface with basic trading functions, auxiliary tools, one-click trading capabilities and convenient asset category switching capabilities. Their ProRealTime platform also comes equipped with AutoChartist for advanced chart analysis as well as powerful backtesting capability allowing for ProRealTime ProRealTime features for trading analysis.
Saxo Capital Markets is an advanced Forex broker designed for active traders, investors and professionals. Their offerings are comprehensive and include competitive fees, top-quality research and trading apps – not to mention their wide array of tradable assets that include over 100 forex pairs, bitcoin futures and over 7,400 CFDs! However, tiered accounts may prove prohibitively expensive for smaller account holders while their MT4 platform may prove difficult for newcomers.
Before opening an account with any prospective Forex broker, be sure to thoroughly research their tradable assets. Check if they offer oil and gas futures contracts as well as cryptocurrency markets as CFDs before opening an account with them.