Forex trading platforms 3

FX trading platforms.

Leverage a comprehensive suite of trading platforms, market insights, data and compliance tools to trade FX spot, FX forwards, and FX options.

Trade smarter, faster and safer.

Refinitiv’s ecosystem of FX trading market solutions help your business complete end-to-end workflows for trading forex. Our award-winning platforms offer access to the deepest source of liquidity on the market.

From price movements across all G10 and emerging market currency pairs, all the way through to conducting technical analysis and transaction cost analysis, we empower your business to make the right decisions in real-time.

Our desktop, venues, platform and post-trade solutions can support you to establish and operate a full FX trading franchise, while equally supporting your clients and partners across your network.

How we help.

Get specialist insight through award-winning FX platforms.

Pre-trade analytics Trade execution Post-trade support.

Get the insight you need before you trade.

Access to critical market insights is key to making smarter buy and sell decisions. With Refinitiv you secure a competitive advantage with the most accurate and comprehensive set of foreign exchange pricing data for all transaction types.

Leverage real-time rates in over 500 currency pairs from over 2,000 sources, including executable prices from Refinitiv FX Matching and EBS. Our trading platforms cover all major currency pairs such as EUR-USD or USD-GBP, as well as emerging market currencies including INR and MXN.

Reuters FX Buzz provides forward-looking analysis, trade ideas, and commentary for the foreign exchange community. Our award-winning analysts have years of experience in the FX markets, and are based across Europe, Asia and America, covering all major and emerging market currencies.

Refinitiv’s composite blended feed data (derived from the world’s largest pool of liquidity) in combination with WM/R benchmarks and the latest news from Reuters arms you with unique information that can separate the noise from the signal.

Discover our leading analytics through our relative value ranking and opportunity tracking tools, as well as analysis of implied market expectations, and pricing calculators for FX forwards and FX implied rates, FX options and strategies.

Browse Refinitiv's WM Refinitiv FX Benchmarks, discover our range of data, indices & benchmarks.

Execute your trade on an award-winning platform.

Refinitiv provides access to the deepest source of liquidity in the forex markets. From our leading relationship trading platform, Refinitiv FXall, to one of the world’s foremost primary markets, Refinitiv FX Matching, we enable FX trades averaging over $400 billion daily.

Refinitiv FXall enables you to trade with 2,300+ institutional clients with 180+ liquidity providers across 500+ currency pairs. Our Dealing platform further enables you to connect with anyone and everyone in the FX trading business so that your counterparty is always one message away.

Furthermore, Forward FX Matching is a trading segment of the Refinitiv MTF, regulated under MiFID II rules. It offers market leading FX swaps liquidity in a highly compliant manner.

With the breadth and depth of active trading client sites and liquidity providers across the world, our clients benefit from having access to firm liquidity even under major disruptions across the markets.

Ensure best practice and compliance post-trade.

Refinitiv’s comprehensive set of post-trade tools support compliant, efficient and comprehensive trading operations. With the ability to capture deal ideation all the way down to ticket completion information, and an archive of all trading messaging in an automated manner, our post-trade services can help you minimize manual information entries.

The straight-through processing available for our own venues such as FXall and FX Matching, along with the ability to integrate multiple venues and systems via tools such as Refinitiv Compliance Archive, can help you capture and archive all communications, ticket details and trades in an efficient manner.

Our set of post-trade workflow automation tools can help you with:

Minimized operational and counterparty risk: Manage confirmation processes, monitor exceptions, and identify the best settlement path. Enrich trades using our single sign-in database. Confidence in monitoring notifications: Monitor real-time transmission, observe audit trails, and drill down for complete SWIFT message details. Review process performance.

Use Deal Tracker to monitor and process every FX trade on all major foreign exchange platforms around the world.

Build trust with control and compliance: Best practice makes it easy for clients to be compliant with corporate governance and accounting regulations, and FX guidelines. Greater transparency in your communication: Archive, analyse and report on all trading messaging from over 50 sources including Microsoft Teams, Eikon Messenger, social media, voice and many more.

With the ability to integrate these services via in-house infrastructure or using cloud technologies, these services add greater value with lower total cost of ownership for our clients. Reconstruct, supervise and analyse your message and trade activity in one portal using Compliance Archive.

Forex trading platforms 2

Best Forex Trading Platform US.

The best forex trading platforms for US traders give a top UX with easy trading, good trading tools and fast execution. We chose the 6 best platforms and recommend a suitable broker based on trading accounts, spreads and products.

Written by Justin Grossbard.

Written by Justin Grossbard Co Founder.

With over 20 years of investing experience and 10 years of trading, Justin co-founded Compare Forex Brokers in 2014. He has worked within the foreign exchange trading industry for several years and for several of the largest banks globally. Justin achieved Honours in Commerce and has a Master's degree from Monash University. He also owns Innovate Online offering digital marketing services with over 20 employees.

Edited by Laura Wolfe.

Edited by Laura Wolfe.

Laura is a freelance content writer focused on financial and legal technology, decentralized finance, cryptocurrency and related topics. Prior to beginning her writing career, she worked as an international disputes lawyer specializing in finance and construction cases in Paris, New York and Dubai. She holds degrees in law from Queen Mary University of London in Paris (LLM) and New York University School of Law (JD), as well as assorted other diplomas in Literature, French and Philosophy from New York University (MA) and the University of Georgia - Athens (BA Hons).

Reviewed by Riley Adams.

Reviewed by Riley Adams Senior Trading Editor.

As a Senior Financial Analyst for Alphabet with an active CPA, Riley has a vast amount of financial knowledge. He has a Master's Degree in economics at Penn State University and a B.A. & B.S., Economics at the Centenary College of Louisiana. He also owns the website Young and the Invested providing investing advice for young individuals.

Each month we update average spreads data published by the brokers the retail brokers lose %

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Best Forex Trading Platform in the US.

Find out the brokers with the top trading platforms in the US.

OANDA - Best For Metatrader 4 IG - Best For Charting And Fast Execution - Has Top For Analytical Tools TD Ameritrade - Has Cutting Edge Trading Tools Interactive Brokers - Best For Mobile And On The Go Trading eToro - Best For Social Trading Nadex - Best For Options Trading - Best For Metatrader 5.

Interactive Brokers.

Our Rating.

Forex specialist in USA.

Choice of trading platforms.

Guaranteed stop loss orders.

125 Markets 31 Countries 22 Currencies.

Social trading CFD Platform.

Regulations and Licenses.

Interactive Brokers.



Interactive Brokers.

EUR/USD Standard Spread.

Commissions (USD Base)

Minimum Deposit.

Swap Free Account.

No Inactivity Fees.

Funding Methods.

No Funding Fees.

Markets and Instruments.

Interactive Brokers.

Currency Pairs.

Cryptocurrency CFDs*

Index CFDs.

Share CFDs.

Commodities CFD.


50,000+ (Spot)

1903 (Spot) 221 ETFs.

Retail Max. Leverage (USA)

Major Pairs 50:1 Minor Pairs 33:1.

Spot 50:1 Futures 6.25:1.

Major Pairs 50:1 Minor Pairs 20:1.

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations *CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools.

Interactive Brokers.

MetaTrader 4 (MT4)

MetaTrader 5 (MT5)


Proprietary Platform.

Automated Trading.

Social + Copy Trading.

MetaTrader 4 only.

Standard Stop Loss.

Guaranteed Stop Loss.

Demo Account.


Interactive Brokers.

Our Rating.

Broker Official Site Our Rating Regulation EUR/USD Spread GBP/USD Spread AUD/USD Spread MetaTrader 4 MetaTrader 5 cTrader Execution Speed Minimum Deposit Currency Pairs Crypto CFDs Retail Leverage Prof. Leverage Visit Broker > 8.83 NFA, CFTC IIROC - - - 120ms $0 68+ (Spot) - 50:1 100:1 Visit Broker > 7.28 NFA, CFTC FCA, IIROC - - - 160ms $100 55+ (Spot) - 50:1 50:1 Visit Broker > 8.23 NFA, CFTC FCA, ASIC - - - 130ms $450 80+ (Spot) - 50:1 50:1 Visit Broker > 8.17 NFA, IIROC - - - 120ms $0 105+ (Spot) - 30:1 - Visit Broker > 7.17 ASIC, FCA CYSEC - - - 120ms $10 - 24 (Spot)

Choosing the right forex trading platform will have an outsized influence on the trading experience you will have. If you are going to trade for hours on end, you will want a platform that has a good UX experience, a pleasing interface and reliable technical and analytical tools. In addition to a good platform, it also helps to choose the right broker for your needs.

This page looks at the best US Forex trading platforms and then recommends a broker that offers this platform.

OANDA Is Best for MetaTrader 4.

Key Strengths:

Wide variety of assets available to trade Low spreads and competitive trading costs Easy account opening and deposit process Discounts for active traders and high-volume traders No minimum deposits.

OANDA Trading Platforms.

Available Formats: web platform, mobile app, desktop, tablet.

While OANDA’s in-house trading platform relies on TradingView for advanced charting and technical analysis, it nevertheless provides a solid trading experience with easy-to-navigate web, mobile, desktop and tablet formats; industry-standard technical analysis tools, including advanced charting and depth of market pricing which starts from 0.8 pips for EUR/USD standard lots.

OANDA Trade, the broker’s proprietary platform, offers US clients a range of interesting features, including integration with TradingView for chart trading, charting analysis with MotiveWave and technical analysis powered by Autochartist. While most proprietary trading platforms don’t allow automated trading, OANDA Trade supports algorithmic trading via Algo Labs, powered by Quant Connect.

OANDA Trade’s additional features don’t end there. Dow Jones Select FX Select gives US forex traders a high-level, real-time view of the financial markets, and the platform includes extensive forex trading education materials to help you develop a trading strategy or improve overall performance. Partner agreements with specialist software providers give OANDA Trade users options for even more special features via APIs. Access to multi-charts online trading software means professional-level technical analysis with over 300 trading strategies and indicators, as well as more than 20 data feeds from 10 brokers. The CQG FX app provides access to the most recent market data and is backed with robust charting and analysis tools.

OANDA and MetaTrader 4.

US clients of OANDA who prefer to trade on MetaTrader 4 have the option to do so via a proprietary plugin offered with two designated account types: MetaTrader 4 and MetaTrader 4 Premium.

Both accounts provide access to the platform’s Signals tool for social trading and copy trading, experienced investors will likely prefer the ‘Premium’ option for its more extensive array of technical analysis and charting tools, which include mini charts, alert trading, keyboard trading, tick chart trading, EAs and one-cancels-the-other orders. Specifically, US forex traders benefit from the following features when trading via MT4 with OANDA:

Depth of market pricing and spreads as low as 0.6 pips on typical EUR/USD order sizes. The smaller the order size, the tighter the spread. This benefit is available through the OANDA MT4 premium upgrade with the mini terminal; Access to OANDA’s suite of technical analysis packages as a plug-in to MetaTrader 4. This allows clients to execute trades directly from the interface, use intraday market scanning tools, set up automated alerts for specified patterns; Access to MT4 open order indicator. With it, traders will view aggregate current buy and sell orders placed by OANDA clients for a better assessment of market sentiment; Ability to develop, optimize and use automated trading strategies with the help of MQL4; Fast order execution with no dealing desk intervention and no re-quotes; Good mobile trading options – access to 32 overlay indicators, 11 drawing tools and 9 chart types with OANDA’s mobile apps for iOS and Android devices.

MetaTrader 4 is the Most Popular Trading Platform.

Available Formats: web platform, mobile app, desktop (including macOS), tablet.

Looking for the most trusted and reliable forex trading platform? Look no further than MetaTrader4. Suitable for beginners and professional traders alike, it’s a one-stop shop for all your forex trading needs.

MetaTrader 4’s breadth and depth of features, as well as the straightforward interface, have helped make MetaTrader 4 the most-used trading platform across the globe. The platform also stands out from the competition for its emphasis on customization. It’s a mainstream platform that actively encourages integrations from numerous third-party APIs and other tools. Developed by MetaQuotes back in 2005, MetaTrader 4 is also amongst the oldest trading platforms developed specifically for online trading by retail investors. Consistent upgrades over the years have kept the trading platform current and innovative, and many forex traders consider it the ‘gold’ standard when it comes to trading platforms.

The platform boasts an extensive range of technical and drawing tools to help with market analysis, as well as sophisticated EAs. Write your own indicators or rely on pre-written scripts. MetaTrader 4 has hundreds of free and paid EAs available. In addition to this. Need even more custom options? MetaTrader 4 allows you to integrate a range of third-party software solutions to do even more with the platform.

OANDA Accounts and Products.

OANDA’s US clients have a choice of two account types for forex trading: Spread Only Pricing and Core Pricing. The Spread Only Pricing account has variable spreads that start at .6 pips for EUR/USD and charge no commission on round-turn trades. Instead, you’ll pay a spread fee to cover execution costs.

Core Pricing account holders benefit from a tighter minimum spread of .1 pips due to ECN-style trading with straight-through processing but pay commission costs. Core Pricing accounts carry a commission of USD$10 per standard lot for a round-turn trade.

American account holders also benefit from OANDA’s rebate program. Designed to reward high-volume traders, the program offers cash-back or reduced commissions ranging from USD $5.00 to USD $15.00 per million traded.

Americans trading forex with OANDA can choose from 68 currency pairs, including ten majors and 58 minors, exotics and crosses.

OANDA: Our Verdict.

With advanced technical analysis tools, tight spreads and a wide range of tradable assets, OANDA is an excellent forex broker for both experienced and beginner forex traders.

Our Rating.

The overall rating is based on review by our experts.



Trading Platform.

Risk Management.

Range of Markets.

Customer Service.

IG Trading Platform Has Top Charting And Fast Execution.

With 71 forex pairs, IG Markets has one of the most comprehensive range of currency pairs of all brokers in the US. US forex traders also pay no commission when trading on a standard account. Spreads start from 0.8 pips for selected currency pairs but otherwise have a minimum of 1.0 pips. IG also claims their spreads for EUR/USD (the most popular currency pair) are up to 20% lower than their main competitors.

Key Strengths:

Excellent educational tools and trading supports Extensive research tools and trading strategy ideas Great proprietary trading platforms.

IG Trading Platforms.

Available Formats: web platform, mobile app, tablet.

With a pared-down, web-based interface that won’t overwhelm beginners and powerful charting tools to support more sophisticated investors, IG’s in-house trading platform has something for everyone. Easily customizable, IG offers users the option to create and save preferred layouts, as well as create custom watchlists.

With a pared-down, web-based interface that won’t overwhelm beginners and powerful charting tools to support more sophisticated investors, IG’s in-house trading platform has something for everyone. Easily customizable, IG offers users the option to create and save preferred layouts, as well as create custom watchlists.

IG’s US clients won’t have access to all the same tools as the UK and Australia-based traders, but all the core tools and functions are there. Traders have the option of placing three different order types, as well as “take profit” and “stop-loss” options to maximize gains and minimize losses.

Where IG really stands out, however, is its charting options. Built using HTML5 (the best technology for most browsers), the platform has at least 28 technical indicators and 19 compatible drawing tools for in-depth analytics. You can even trade directly from the charts.

An infinite number of timeframes are available, and traders can compare up to four in a single chart. Charts can also be split into multiple frames to better help you visualize different markets and include extra monitoring tools. Along with watchlist and price alerts, US forex traders can opt to integrate third-party solutions like Autochartist or PIA First for trading signals.

IG also offers US clients significant advantages when it comes to execution speeds. The forex market changes rapidly, and staying ahead of the curve in a high-risk, high-volatility environment can help avoid slippage which can mean the difference between big profits and big losses.

Research tools are also available such as economic calendars and Twitter. If you like your news streamed then Reuters is also available.

IG’s direct market access means it provides electronic communication network (ECN)-style trading conditions, with speeds comparable to straight-through processing (STP) on some accounts. It’s not quite real-time trading such as you might get with direct access to the forex market, but it’s close.

Other IG Trading Platforms.

For those who appreciate the benefits of an IG trading account, but prefer a more powerful interface for trading, IG Markets has a few options.

If your forex trading strategy includes extensive chart trading and automation, then ProRealTime is a worthy alternative. With over 100 indicators and an unlimited number of timeframes, ProRealTime has the depth and breadth of information required by those who need a rich market analysis experience. ProRealTime also makes automation accessible via its no-code solution, as well as advanced backtesting.

While IG does charge a fee to trade using ProRealTime, you’ll pay nothing for the first 30 days. Once your free trial runs out, you’ll pay only during months in which you execute fewer than four trades.

And, of course, IG offers access to MetaTrader 4 – the world’s most popular forex trading platform. While using the broker’s proprietary platform always offers advantages, MetaTrader 4 may have more appeal for traders already accustomed to its interface, or who want to avoid committing to a specific broker’s ecosystem.

IG Accounts and Products.

Note that, due to state-level regulatory restrictions, IG is not available to residents of Arizona or Ohio.

This top forex broker’s CFD account charges no commissions and offers good leverage, making it an excellent option for forex traders of all experience levels. There is no minimum deposit requirement to open an account.

Among the US brokers we investigated, IG offers the largest number of currency pairs with minimum low spreads on EUR/USD and USD/JPY from only 0.8 pips. At IG, US account holders will benefit from competitive spreads across over 70 currency pairs including:

Major currency pairs (EUR/USD, GBP/USD and USD/JPY) Minor currency pairs (USD/ZAR, SGB/JPY, CAD/CHF) Emerging currency pairs (USD/CNH, EUR/RUB, AUD/CNH) Exotic currency pairs (EUR/CZK, TRY/JPY, USD/MXN)

Leverage with IG extends to the maximum permitted by the Commodities Futures Trading Commission (CFTC) and the National Futures Association (NFA): 50:1 for major currency pairs, and 20:1 for minor pairs.

IG: Our Verdict.

A great choice for beginner traders thanks to its intuitive interface and award-winning proprietary platforms, IG also has everything a more advanced trader could want when it comes to drawing tools and indicators. Has Top Analytical Tools.

Traders who take the time to look beyond the no-frills interface will find a surprisingly powerful collection of analytical tools. Those on a budget will likewise appreciate the tight spreads and more than reasonable trading costs and ultra-fast execution thanks to an ECN-like environment with STP.

Key Strengths:

Great variety of currency pairs Fast trade execution MetaTrader 4 trading Platform Proprietary trading platform with unique trading tools. Trading Platforms.

Available Formats: web platform, mobile app, tablet.

A leader in online trading for almost two decades, it’s hardly surprising that has developed some of the most powerful, flexible analytical tools available. US forex traders enjoy access to the same comprehensive suite of charts and calculators as their international counterparts, including automated market analysis via Trading Central,’s proprietary EA tool and advanced charts powered by Trading View.

Suitable even for professional traders,’s advanced charting features an extensive array of chart types, timeframes and technical indicators and drawing tools. Users have the option to save preferred chart types and variables for future use, as well as compare multiple financial markets with overlays.

Even beginners will appreciate’s charting tools, however, as the uniformity across web and mobile platforms with ensures a consistent trading experience. The ability to customize virtually every aspect of a chart – from indicators to colors to size – ensures maximum clarity and legibility for even novices trading on a demo account.

Other Trading Platforms.

In addition to Trading with, traders with Standard and Commission accounts can choose between MetaTrader 4 and NinjaTrader.

Opting for MetaTrader 4 has several advantages, including access to EAs to automate your trading and additional indicators beyond those native to the platform. TradingCentral for extra charting and Reuters for news services and market research are also available.

If your trading strategy favors scalping, however, NinjaTrader 8 may be the better bet. In addition to depth of market views, the trading platform offers trading directly from charts, one-click trading, simultaneous orders across accounts and cancellation at different prices. NinjaTrader also simplifies order entry with hotkeys and provides a range of order types, such as order-cancels-order (OCO).

Used by over 500,000 users, this platform empowers you with top-notch charting and analysis. With over 100 pre-built indicators and access to 1000s of extra indicators as add-ons, you won’t be found wanting when it comes to market analysis features to find the support and resistance level. These indicators are supplemented with Market Analyzer, a feature unique to NinjaTrader that identifies opportunities in real-time.

The platform does provide all the tools you need to build automations – and unlike MetaTrader 4, does not require EAs. Traders familiar with C# can write their own automation script for custom indicators using NinjaScript, while those with less technical savvy have access to a point-and-click, no-code option. Trading Accounts and Products. offers US forex traders a choice of two trading account types: Standard and MetaTrader 4. Both accounts carry no commission costs but also have limited trading platform options. Specifically, US clients will need to choose between the proprietary trading platform, MetaTrader 4 and NinjaTrader.

US forex traders will want to consider the costs and fees associated with each account type before proceeding. Commission and STP Pro accounts carry commission costs for each standard lot of 100 thousand that apply when you open or close a position. While the USD$5.00 fee isn’t significant – USD$10.00 round turn per standard lot – it can add up for high-volume traders.

It’s a similar story for the STP Pro account, with the brokerage charging a volume-based commission based on lot size. That said, commission costs decrease the more you trade, in keeping with an account designed for professional traders. Be prepared, however, this specialist account requires a minimum deposit of USD$25 thousand and runs only the homegrown trading platforms and trading view. (That means no MetaTrader 4 or TradingView.) Our Verdict.

A straightforward trading environment, low commissions and a variety of platforms to suit every trading style make a great broker for intermediate and advanced US forex traders looking for powerful analytics at an accessible price point.

TD Ameritrade Has Cutting-edge Trading Tools.

This uniquely American broker benefits from over 40 years of experience. Today, TD Ameritrade is one of the largest broker-dealer firms in the US, managing over 11 million trading accounts holding more than USD 1 trillion in assets and processing 500,000 orders on a daily basis.

Key Strengths:

Top-tier market research and analysis tools Excellent customer service Low trading fees, including free stocks and ETFs.

TD Ameritrade Trading Platforms.

Available Formats: web platform, mobile app, desktop.

Acquired by TD Ameritrade and the Charles Schwab Group in 2009, thinkorswim – and its powerful INVESTools suite of solutions – now come standard with a TD Ameritrade investment account – and only a TD Ameritrade investment account. Similar to MetaTrader 4 with many of the same features, thinkorswim edges out the popular third-party platform with its addition of some attractive features, such as depth of market views.

For those looking for an upgrade on the MetaTrader 4 trading experience, thinkorswim’s powerful trading tools may outweigh the limited choice in brokers. Because when it comes to home-grown trading and analytics solutions, thinkorswim has the charts, calculators and EAs to support just about any trading strategy.

Beginners looking to hone their online trading skills can trade virtually using the paperMoney simulator to practice, while more advanced forex traders using a rolling covered call option strategy can automate the management of covered calls using the Strategy Roller tool. Meanwhile, algorithmic traders have access to over 400 technical studies on which to base an automated trading strategy via thinkScript. Scalpers benefit from advanced charting, as well as speedy execution thanks to the trading platform’s ECN-style execution system.

Given the number and power of in-house tools thinkorswim offers US-based traders, the absence of third-party integrations or social trading doesn’t feel like much of a loss.

TD Ameritrade Accounts and Products.

TD Ameritrade’s main strength lies in its range of trading products. As account holders with a full-service brokerage, TD Ameritrade’s US clients can trade 70 forex pairs, 13 stock indices, over 300 ETFs and 37,000 mutual funds.

For those interested in exploring derivatives and other products, TD Ameritrade’s offerings include cryptocurrency, futures and futures options, options and over-the-counter global stock trading.

TD Ameritrade: Our Verdict.

An ideal broker for US-based traders hoping to manage a comprehensive portfolio, TD Ameritrade offers access to a wide range of trading products and markets.

IBKR Mobile Is Top for Trading On the Go.

Contrary to its reputation as a ‘discount’ broker, IBKR offers US account holders a full suite of trading tools. Low trading costs, in this case, don’t translate into a low-quality trading environment. The broker offers a reasonable portfolio of tradable assets, together with standard analysis, charting and market research tools.

Key Strengths:

Large selection of assets to trade Strong market research and educational tools Low trading costs.

IBKR Trading Platforms.

Available Formats: web platform, mobile app, tablet.

Interactive Brokers, more often known as IBKR, wins out over other platforms for on-the-go trading with a mobile app designed to make trading from a smartphone or tablet as accessible as a web app or desktop. Though perhaps better known to US-based forex traders for its stock and exchange-traded funds (ETFs) offerings, the IBKR Mobile platform also allows US clients to trade options, futures and other non-forex products across over 135 financial markets.

Unlike some mobile app editions of popular trading platforms, IBKR Mobile has the handheld user experience built-in from the ground up. The clean, mobile-optimized interface doesn’t skimp on information, however, nor technical analysis and charting tools.

SmartRouting ™ scans markets to find the best ECN or market center to route orders to. Block Trading Desk helps money managers who need to execute large orders at the best prices. Impact Dashboard helps you identify which stocks are best for Environmental, social and governance (ESG) trading.

The platform’s Option Spread templates allow traders to compare the risk and rewards of different strategies by dragging and dropping tiles on the screen. The interactive Order Entry Wheel uses a similar drag-and-drop interface to allow futures traders to easily open positions for a variety of instruments.

For those concerned about the security risks associated with trading primarily via smartphone or tablet, IBKR mobile provides multiple layers of security, including two-factor identification and Face ID to protect your stored personal data, transaction records and credit card information.

Other IBKR Trading Platforms.

Several other trading platforms are available in addition to the IBKR mobile platform.

Trader Workstation is Interactive Brokers most powerful trading platform which makes sense since this is the only platform you can download onto your (Windows) desktop. Research is available in the form of.

The Fundamentals Explorer is a useful research tool that provides an overview of critical financial information and ratios, essential company facts, relevant historical data and analysts’ forecasts BookTrader allows you to create, modify and transmit your orders within the book price ladder using a single instrument. FXTrader is an order management tool that aggregates quotes from 14 major interbank dealers.

A wealth of tools for trading options and portfolio management tools are also available.

IBKR Client portal is a lite version of Trader Workstation but for web browsers.

GlobalTrader and Impact allow trading of stocks from 90 markets across the globe using your mobile. It is also suitable for crypto and funds trading. The impact is much the same but has an emphasis on sustainable stocks.

IBKR Accounts and Products.

IBKR stands out from other online forex brokers in a few ways that may make it more attractive to forex beginners and other, less experienced investors. The brokerage doesn’t allow trading on margin, which means retail traders have no access to leverage.

Rather than a Standard account, IBKR instead offers retail traders an account known as IBKR Lite, which operates on a commission basis. The more you trade in a given month, the less you’ll pay for each standard lot in the following month.

IBKR Lite account holders may find the broker’s forex options limited, with only 25 currencies. The broker does, however, have over 100 currency pairs available for cross-pairing, as well as a wide range of bonds, stocks, options and futures.

IBKR: Our Verdict.

Experienced traders able to take advantage of IBKR’s volume pricing will enjoy the cost savings, as well as the broker’s sophisticated proprietary mobile trading app.

eToro Is Great for Social Trading.

Known for its “game-ified” approach to trading, eToro offers new traders excellent educational support as they learn the ropes. It’s also an excellent brokerage for those who prefer to trade casually, or who prefer to focus exclusively on cryptocurrency.

Key Strengths:

Innovative, game-ified approach to investing Excellent selection of cryptocurrencies, stocks and ETFs Supports social and copy trading.

eToro Trading Platforms.

Available Formats: web platform, mobile app, tablet.

As one might expect from the broker best known for going all-in on social trading and copy trading, eToro’s proprietary platform emphasizes ease of use for forex traders of all experience levels. eToro doesn’t yet offer forex trading to US customers – Americans opening accounts with the brokerage are limited to trading cryptocurrency and bitcoin, but its trading platform that offers a number of unique features worth exploring.

Unlike more traditional forex brokers, eToro didn’t bother with a desktop version of its trading platform, perhaps surmising that its average customer wouldn’t bother with something so clunky as a monitor and a PC tower. Instead, eToro is all-in on web and mobile-optimized trading experiences that cater to the ‘social’ aspect of social and copy trading.

A wall-style feed of comments, tips and suggestions from eToro’s ‘community’ of investors takes pride of place in the platform interface, giving US clients insight into how successful eToro retail investors and professional traders around the world perceive the forex market in real-time.

The broker has also invested heavily in developing a sentient data collection tool to monitor top traders on the platform and synthesize their behaviors into a broadly applicable trading strategy. According to eToro, the highly-specific nature of the data collected allows it to provide beginner and intermediate traders with more accurate, useful sentient data.

Being a specialist in social trading, of particular interest is CopyTrader and SmartTrader. CopyTrader allows you to find, follow and copy other traders in the eToro network. Smart Trader is like copy trading with indices, with this feature trading baskets are created based on popular themes.

More experienced traders may find the platform lacking, however. In addition to the limited range of products eToro offers US account holders – only cryptocurrency, ETFs and stocks – the trading platform also lacks a desktop format or third-party integrations for more powerful platforms. US clients of eToro accustomed to using MetaTrader 4 or MetaTrader 5 will be disappointed, in particular.

eToro Accounts and Products.

Unlike other brokers on this list, eToro doesn’t offer Forex, Instead, the brokers offer cryptos, stocks and ETFs. Some 42 cryptoassets are available for which eToro charges 1% each way. Stocks and ETFs however are commission free.

To open an account, you will need $10 however to use SmartPortfolios, a minimum deposit of $2000 is required.

Note that margin trading isn’t permitted for traders based in the US, however, account holders can opt to fund their accounts with crypto wallets.

eToro: Our Verdict.

An excellent option for US forex traders new to day trading or specifically interested in crypto, eToro may disappoint more experienced traders or those hoping to build a diverse portfolio.

*Your capital is at risk ‘68% of retail CFD accounts lose money’

NADEX Is Best for Options Trading.

A specialised exchange rather than a brokerage, we’ve nevertheless included NADEX in our roundup of the best forex brokers for US traders due to its novel offering of trading products: binary options, call spreads and knock-outs.

NADEX is the first financial services platform of its kind to be licensed by the Commodities Futures Trading Commission and the National Futures Association, making it the safest way for US-based forex traders to explore options contracts.

Key Strengths:

Dedicated to binary options and other exotic derivatives Fully regulated and NFA/CFTC-compliant Easy funding and low fees.

NADEX Trading Platforms.

Available Formats: mobile app, desktop.

NADEX account holders can trade options and knockouts on either a mobile or desktop platforms for enhanced freedom and flexibility. Regardless of how and where they choose to trade, traders have access to identical features and tools,

NADEX Accounts and Products.

US-based traders can open three different types of options contracts with NADEX: knockouts, call spreads, and binary options. Pricing for the underlying instruments is based on COMEX and NYMEX futures.

Opening or exiting a contract carries a trading fee of USD$1.00, while settling a contract at expiration costs US$1. (In the case of a binary option expiration where the trader is out of the money, NADEX charges no fee.)

Positions are capped for each of the three contract types: 2,500 for binary options, 250 for call spreads and 100 for knockouts. Minimum tick values range from US$1 for call spreads and knockouts to US$.25 for binary options.

NADEX: Our Verdict.

Traders interested in exploring options and other derivatives can trade with confidence on NADEX, secure in the knowledge that this broker carries the necessary licenses from US regulators. is Best for MetaTrader 5.

Of all the US forex brokers we profiled, alone has gone all-in on MetaQuotes’ next-generation trading platform. And while this broker may lack some of the bells and whistles of other older, pricer brokerages, it’s hard to argue with tight spreads and low trading costs.

Key Strengths:

Wide range of available instruments to trade Straightforward trading environment Round-the-clock, live customer support. Trading Platforms.

Available Formats: web and mobile.

Like other newer brokers, has taken a mobile-first approach, meaning that account holders may find trading from a phone simpler and more intuitive than the brokerage’s web app.

A swipe and tap interface makes configuring your trading environment and opening positions less cumbersome than on other applications. Likewise, has made a simple but key innovation: charts in landscape mode. Flipping the phone to landscape mode instantly enlarges charts, which makes tap-to-trade even faster. and MetaTrader 5.

The successor to the world’s most popular trading platform, MT5 offers traders an environment fully optimised for algorithmic and stock trading. The platform has the capacity for 100 charts with 21-time frames, as well as 80 technical analysis tools. Users have access to a curated marketplace of custom-built and off-the-shelf trading robots, but can also code their own expert advisors specifically for use on the platform.

Note, however, that trading bots and EAs written for use with MT4 will not transfer to MT5 due to a difference in the programming language. Accounts and Products. offers US-based forex traders just one account type: the T1. While the broker does not charge a commission on trades, it does act as a market-maker. Spreads are slightly wider as a result and start at 0.7 pips. Leverage for major pairs tops out at 1:50 for major pairs and 1:33 for minor pairs in accordance with CFTC and NFA limits.

The broker offers an excellent selection of forex pairs; 71 in total, including all major currency pairs, minor currency pairs and exotics. makes opening an account simple and speedy for a hassle-free experience. New clients must make a minimum deposit of US$50, and can fund their accounts via credit card, wire transfer or ACH transfer. Our Verdict.

An excellent option for US forex traders looking for low trading costs, tights and a powerful platform to support technical trading strategies.

Choosing a US Forex Broker.

For most US forex traders, the choice of forex broker is likely to hinge on questions relating to the economics of your trading activity.

Does this brokerage offer a good spread on EUR/USD pairs? Can I trade with GBP as my base currency? How many forex pairs does the broker offer? Will I have to pay an inactivity fee if I take a break?

These questions matter, obviously. We spend hundreds of hours compiling information and writing broker reviews to help you answer them. But they don’t capture a key component of online forex trading: the trading experience.

Tight spreads of 0.0 pips, variety of account types, number of currency pairs and minimum deposit won’t matter, however, if you struggle to develop your trading strategy, analyze market movements, open and close positions or execute trades.


Trading forex, particularly on margin, is inherently high risk. New traders should consider exposure carefully to manage exposure and take full advantage of any educational tools offered by an online broker.

Likewise, as retail investing increases in popularity, unethical individuals may attempt to profit illegally by posing as legitimate trading platforms or investment advisors. Trading only through a licensed broker operating under the authority of the appropriate regulatory body in your jurisdiction can protect you from questionable behaviour and, in some cases, outright scams.

About the author: Justin Grossbard.

With over 20 years of investing experience and 10 years of trading, Justin co-founded Compare Forex Brokers in 2014. He has worked within the foreign exchange trading industry for several years and for several of the largest banks globally. Justin achieved Honours in Commerce and has a Master's degree from Monash University. He also owns Innovate Online offering digital marketing services with over 20 employees.

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Typical forex spreads.

Standard account Super ZERO Account Symbol PRODUCT DESCRIPTION MIN AVG MIN AVG EUR/USD Euro vs US Dollar 1.0 1.2 0.0 0.1 USD/JPY US Dollar vs Japanese Yen 1.0 1.2 0.0 0.1 GBP/USD British Pound vs US Dollar 1.0 1.2 0.0 0.1 AUD/USD Australian Dollar vs US Dollar 1.0 1.2 0.0 0.1 USD/CAD US Dollar vs Canadian Dollar 1.0 1.2 0.0 0.1 USD/CNY US Dollar vs Chinese Yuan 1.0 1.2 0.0 0.1 USD/CHF US Dollar vs Swiss Franc 1.0 1.2 0.0 0.1 USD/HKD US Dollar vs Hong Kong Dollar 1.0 1.2 0.0 0.1 EUR/GBP Euro vs British Pound 1.0 1.2 0.0 0.1 USD/KRW US Dollar vs South Korean Won 1.0 1.2 0.0 0.1.


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Forex trading platforms 1

8 Best Forex Brokers and FX Trading Platforms (2022 Reviews)

(Ad) The foreign exchange, also known as forex, is a global marketplace for buying and selling currency pairs. The forex market is one of the largest and most liquid financial markets in the world, allowing traders to exchange global currencies 24 hours a day, 5 days a week.

However, with so many forex brokers to choose from, picking the right forex trading platform for your needs is not easy. To help you decide, we’ve reviewed dozens of forex brokers on a variety of factors including assets, regulation, trading platform, user reviews, and fees.

Whether you’re a beginner or advanced forex trader, here are the best forex brokers in the industry.

Top 8 Best Forex Brokers of 2022.

XTB: Best forex broker overall IG: Best for U.S. traders Etoro: Best for trading cryptocurrency Plus500: Best for trading forex CFDs Best customer service Interactive Brokers: Most advanced charting tools CMC Markets: Best for spread betting Saxo Bank: Best selection of FX pairs.

#1. XTB: Best Forex Broker Overall.

As one of the largest forex brokers in the world, XTB has a stellar reputation for providing a best-in-class trading experience. Around since 2002, they’re a veteran in the space, though not necessarily the most senior (IG probably gets that distinction).

Still, with nearly two decades of experience, XTB has developed superior technology that they continue to adapt and improve, earning them a spot on our list of the best forex brokers. After becoming a foreign exchange brokerage house in Poland, they quickly expanded and now have thirteen offices across Europe.

With XTB, you can trade on over 2,100 global markets and gain access to a broad asset class of more than 4,000 instruments. These include forex currency pairs, stock and ETF CFDs, stocks, indices, commodities, and cryptocurrency. For forex, you can trade 48 different currency pairs. The currency pairs also include the most popular, such as EUR/USD, GBP/USD, and EUR/GBP.

Trading Platforms Overview.

XTB offers xStation 5 and xStation 5 mobile along with MT4. xStation 5 is XTB’s proprietary trading app, and it’s comparable in design and functionality to MetaTrader4. However, it does lack the ability to create custom indicators, which is a base feature in MT4 and a staple in currency trading.

Forex traders also have access to a demo account that gives you $100,000 in free currency to play with and 200:1 leverage. The demo broker’s trading platform trial is limited to four weeks, so make sure you’re ready to start to trade forex before signing up for the trial.

The platform has everything you’d expect to see in an online forex broker, including comprehensive charts and trading tools, a robust trading calculator, and real-time currency market sentiment information.

Key Features.

There’s a lot to like with XTB, a leading forex broker, including several must-have features:

Access to thousands of instruments: With few exceptions, you can trade whatever your heart desires. Active traders tend to appreciate the myriad options.

Negative balance protection: Trading foreign exchange markets can be stressful, but you’ll have peace of mind with the knowledge that your losses will never exceed the available funds in your account.

Competitive spreads: XTB offers low spreads and competitive pricing for online trading, starting from 0.1 pips. There are different spreads for standard and pro accounts, with pro accounts offering a lower spread.

No minimum deposit: You don’t need a giant bankroll (or any bankroll) to get started. This is true for both forex and CFD traders.

World-class customer support: With customer support available in multiple languages, everyone can access qualified help. Plus, support is available 24 hours a day, five days a week, so you can get help whenever the forex market is open.

XTB is also a regulated forex broker, with your funds being stored in segregated and distinct bank accounts. Further, in the event of a security breach, XTB has an insurance policy with Lloyd’s of London that will reimburse you up to £1 million (or your local currency) to help make you whole.

And finally, XTB is under the umbrella of the most trusted supervision authorities. The list includes FCA, KNF, IFSC, and CySec.

#2. IG: Best for U.S. Traders.

IG is our choice for the best forex broker overall. IG offers an extensive list of markets to trade, competitive pricing, trading signals, and industry-leading education.

With an extensive range of awards under their belt, IG's currency trading platform is an ideal choice for all types of traders, from beginner to advanced.

Markets to Trade.

IG offers an impressive selection of over 17,000 tradable assets including indices, stocks, forex, commodities, and cryptocurrency.

IG offers 4 different ways to trade the global financial markets including:

Spread Betting: Speculate on future market price movements without having to purchase the underlying asset.

CFDs: Trade the difference in market price between opening your contract and closing it.

Turbo24s: Control your leverage and cap your risk as you trade unique on-venue securities.

Vanilla Options: These are traditional call and put options that are best suited for advanced traders. Choose your expiry, strike price, and premium to control leverage when buying.

Note: U.S. traders only have access to forex pairs, with spreads starting at 0.8 pips on EUR/USD and USD/JPY.

Trading Platforms.

Web Platform.

The IG web trading platform is created to offer traders a fast, clear, and smart way to trade spot forex via a web browser. Features of the web platform include:

Easily open, close, and edit positions in just a couple clicks. Choose between a light or dark theme platform and customize your workspaces to fit your needs. Adjustable smart settings that remember your position sizes and stop values. View the same market across multiple time frames simultaneously with split charts. Apply a variety of indicators and drawings without sacrificing speed.

Mobile Trading Apps.

IG offers a variety of mobile trading apps that allow you to trade forex from any iPhone or Android device. The IG mobile trading app offers full trading functionality with a range of technical indicators, customizable alerts, and advanced trading options.

MetaTrader 4.

MetaTrader 4 is a third-party trade platform that offers access to a range of tools and features to help you customize your trading experience. You can use these tools to help build your own trading algorithms, which may help automate your trading.

When you trade forex on MetaTrader 4 with IG, you'll have access to over 50 FX pairs. You can go long or short with spreads starting at 0.8 pips. MetaTrader 4 also comes with 18 free add-ons and indicators that you can use, as well as thousands more that are available for purchase.

Key Features.

IG has a comprehensive feature set that includes something for everyone, putting it at the top of our list of best forex brokers. Our favorite features include:

Streamlined design: The web trading platform design is bright, clean, and easy to use. At a glance, you can see the market prices, spread, and margin for your preferred trading pair. If you’re just getting started, the handy information tab will guide you on trade sizes, minimum stop distances, and more.

Charts and advanced trading tools: IG offers some of the most intuitive currency trading charts in the industry, built on flexible HTML5 technology. You can view multiple timeframes in a single trading chart, build customizable indicators, and trade directly from the charts.

Knowledge base: The life of forex and CFD traders can get lonely, and if you’re a beginner in the foreign exchange market, it can also be overwhelming. IG has a lively community of active traders on Twitter, where you can get invaluable guidance. There’s also a curated Reuters feed, and the IG team regularly publishes detailed analyses to help you learn and build upon your knowledge base.

Further, IG has an in-house TV channel where you can watch the advanced traders share their knowledge live three times a day, five days a week. Become proficient at charting, trading, and more, just by following along.

Alerts: IG's trading alerts are free, customizable notifications that are sent to you whenever your specifications are triggered. Most traders use them for when economic events occur, target prices are hit, or technical conditions change. Trade alerts are sent to you via email, SMS, or push notification, allowing you to react instantly.

Signals: With IG, you can get real-time trade signals with actionable "buy" and "sell" suggestions. These signals are based on either technical or fundamental analysis. These trade signals include entry and exit points, support and resistance levels, and the level of confidence in the signal.

However, it's important to note that IG doesn't create the signals themselves. Rather, they come from two third-party providers, Autochartist and Signal Centre.

Customization: Any forex platforms worth their salt will give you the option to customize your views to match your preferences. IG lets you switch between light and dark mode, use multiple workstations, and tailor your view with custom columns and watchlists. Whatever your trading style, IG has you covered.


IG is regulated by the Financial Conduct Authority (FCA), a UK-based supervisory body. The company is also publicly traded, and with a 45-year history, IG tops our list as one of the best overall brokers on our forex broker list.

For U.S. traders, IG is registered with the Commodities Futures Trading Commission (CFTC) and is a member of the National Futures Association.


In addition to being highly regulated in the online trading world, IG boasts some of the best spreads, starting at 0.8 pips and zero commissions for spread betting. As a refresher, a pip is a “percentage in point,” and one pip is one one-hundredth of a percent.

If you’re looking for the best all-around web platform for forex traders, you may want to consider IG. We believe this is true whether you’re among advanced traders or your journey is just beginning.

Suitable for beginner or experienced traders Free demo account to test-drive the IG platform $250 minimum deposit when opening an account Over 17,000 markets available to trade Award-winning trade platforms that are easy-to-use Mobile trading apps for the ultimate trading experience Regulated broker with over 45 years of experience Extensive training materials available via the IG academy.

#3. Etoro: Great for Copy Trading.

Launched in 2007, eToro focuses on the cryptocurrency markets, but that doesn’t mean forex traders can’t use it. Though most of the features are comparable to the best forex brokers, where eToro shines is with its copy trading feature.

With CopyTrader, you can directly copy expert traders’ strategies, trades, and portfolios. This feature alone has resulted in more average profitwhen users copied the most popular advanced traders.

In addition to being able to trade 40 global FX pairs, eToro’s CFD (contracts for difference) platform allows access to commodities, indices, stocks, and, of course, cryptocurrencies. Trading CFDs allows you to trade solely on the price movements of various financial markets and instruments without having to own the underlying asset. This strategy can allow you to gain capital quickly, while minimizing trading costs.

Instead, you pay a small percentage of the asset price (called trading on margin), and you can make a profit (or take a loss) depending on the asset’s price direction. This strategy is how experienced traders can make massive gains by taking advantage of leverage. The other forex brokers on our list also offer CFDs.

Trading Platform Overview.

With an intuitive interface, the eToro platform can be easy to use for forex traders of all levels. You can view an asset’s performance at a glance, and there’s even an app to trade forex from a mobile device. The platform is accessible from 140 countries, though the exact features and available markets will vary based on your location.

Key Features.

eToro has most of the basic features that you’ll find with most online brokers, including some of these favorites:

Spreads for forex pairs as low as 1 pip: Keep in mind that spreads fluctuate. 1 pip is the minimum only. Trading costs could be higher based on a variety of factors.

Flexible leverage: If you love liquidity, you’ll love eToro’s lack of restriction on trading CFDs with leverage.

Robust regulation: eToro is currently regulated in three jurisdictions. Two of them are tier-one, and one is tier-two. For reference, tier-one is the highest trust jurisdiction and includes independent bodies in the United States, Canada, UK, Australia, etc.

Tier-two is an “average trust” jurisdiction with regulatory agencies in China, Israel, Ireland, and others. The tier-one regulators that have authorized eToro as a forex broker are the Australian Securities & Exchange Commission (ASIC for short) and the Financial Conduct Authority (FCA).

Large community: With more than 10 million users, you can interact with and learn from other active traders all over the world.

Great for beginners: The user-friendly interface, together with the social trading aspect of the platform, is an ideal combination for new forex traders just getting initiated into currency markets.

Multiple membership levels: You can sign up with this forex broker as a VIP and get access to a dedicated account manager, exclusive signals, and assets that aren’t available to other members.

Though not known for its forex trading capabilities, eToro is still a solid platform, and it is a great choice if you’re also an avid cryptocurrency trader.

#4. Plus 500: Best for Trading CFDs on Forex.

Plus500 is one of the UK’s top trading platforms, and it is the largest CFD provider across Europe, particularly in the UK, Germany, and Spain.

With Plus500, investors of all skill levels can start trading CFDs for a variety of instruments, including stocks, indices, cryptocurrencies, ETFs, options, and forex currency pairs. Though you can use Plus500 to trade the actual instruments, the focus is primarily on CFDs, so it’s best for traders who want to work in this arena.

As a reminder, with CFDs, you don’t actually own the stock, commodity, or currency. Instead, you’re betting on the direction that the price of the asset will move and collecting a profit or sustaining a loss based on the accuracy of your prediction.

Trading Platform Overview.

The Plus500 interface is clean and fairly intuitive, so you may feel comfortable navigating it whether you’re a beginner or a forex pro. There is an Android app available for mobile trading, and they recently launched an app for iOS and Mac. If you’re choosing the web application, Plus500 is compatible with Chrome, Firefox, Safari, and Internet Explorer browsers. Keep in mind that the web app is not available in the United States.

To run Plus500’s Windows 10 Trader platform natively, you’ll need a device that runs Windows 10 or higher or an Xbox One.

Plus500 also offers a free demo account, so you can experiment with different trading strategies without putting any of your own money at risk or incurring any trading costs.

Key Features.

Access to global markets: Plus500 currently gives traders access to over 2,000 financial instruments, and the list continues to grow.

More than 60 forex pairs: Plus500 makes our list as a best forex broker option because they offer more currency pairs than most platforms, including exotic forex pairs like EUR/TRY and GBP/ZAR. Plus, the common currency pairs like EUR/USD are also available.

Stop limits and guaranteed stop losses: Take control of your trading without having to sit at your trading terminal into the wee hours. Set automatic stop limits and losses to get peace of mind while locking in profits with this forex platform.

Trailing stop: Exercise even more control over profits or losses with a trailing stop. This feature adjusts your stop loss as the price of the asset fluctuates. As a result, you can both lock in profits and minimize losses.

Negative balance protection: If the markets make an unpredictable swing in the wrong direction, you’ll avoid incurring a negative account balance.

Alerts: Customize your alerts to be notified whenever something of interest happens. Get alerts for price movements, percent changes, and a shifting trader sentiment.

From a regulation perspective, the company is both authorized and regulated by the Financial Conduct Authority (FCA) for offering CFDs (contracts for difference).

Overall, this online trading platform is intuitive to use and well-suited for all levels of traders, including beginners. With market spreads as low as 0.6 pips, fees are very fair. There are no actual trading fees other than the spread. One thing to note, however, is that you’ll incur a monthly $10 inactivity fee if you go three months without trading.

#5. Highly Rated Forex Trading App.

With brand name recognition (especially as part of StoneX), is a popular choice and often one of the first forex trading platforms that investors look to. As an online broker that’s publicly traded on the NASDAQ, is highly trusted in the industry. They’re also the most regulated, with four tier-one jurisdictions under their belt.

U.S.-based users also flock to for its longevity (around since 2001) and the high number of currency pairs available. At publication, offers more than 80 FX pairs. They also offer the ability to trade gold and silver, as well as futures and futures options. In some countries, you can use to trade cryptocurrency and other assets, but this feature is not currently available in the United States.

Though doesn’t boast the lowest prices, they do offer flexible and competitive fees, based on five different levels, ranging from standard to pro. A typical spread for most forex pairs is 1.3 pips and sometimes higher than 2, though one-pip trades are available for some pairings. In ultra-favorable conditions, the spread can be as low as 0.77 pips.

Trading Platform Overview. recognizes that there are nearly as many different types of traders as there are trades that can be executed. For this reason, you’ll be armed with every platform imaginable, including’s web-based platform and MetaTrader4. Ninja Trader is an excellent trading platform that’s also available. Mobile functionality is also an option.

One of the reasons is on the list of best forex trading platforms is that you can use advanced charting tools by TradingView to view more than 10 different types of charts, including 14 timeframes and dozens of drawing tools.

Key Features.

High trade execution: Thanks to pricing supplied at the speed of light, traders are able to get real-time views of actual pricing. This gives traders confidence that the price they specify in their order will be executed.

Fast transactions: Close to 100% of trades are executed in less than a second.

Platform options: From’s proprietary trading platforms to MetaTrader, Ninja Trader, and more, you’ve got a powerful suite of tools at your fingertips.

Advanced charting tools: Find your secret trading weapon by utilizing’s professional-level chartingfunctionality. Choose your own chart type (including candlesticks, lines and bars, and more), compare multiple timeframes, and use over 60 indicators and drawing tools to detect patterns and uncover trends. There’s even a Compare feature that allows you to overlay multiple markets for even more money-making insights.

Free 30-day demo account: You can try before you buy, while also testing out your trading strategies and ability to use technical analysis tools. The demo account from this online broker is free and available for 30 days.

As a publicly traded company with the most name recognition, is a great place to begin your trading journey and hone your skills. Just make sure that the tools and trades you want to use are available in your region.

#6. Interactive Brokers: Reputable Brokerage With Good Reviews.

Interactive Brokers, or IBKR for short, gives global access to traders who want to invest in stocks, bonds, options, futures, and currencies. So, whether you’re a forex trader or you’re exploring Bitcoin, Interactive Brokers is potentially well-suited to your needs.

Trading Platform Overview.

This platform has gotten numerous accolades from Investopedia, Nerdwallet, Barron’s, and One of the reasons for the widespread popularity is that the platform was built with the needs of a professional investor in mind―without forgetting to include the usability features that a novice will appreciate.

The platform includes a front-facing client portal that gives a trader insights into their portfolio at a glance. There’s also a Trader Workstation that provides power and flexibility to execute trades across multiple asset classes. At last count, you could execute 20 different order types.

And, of course, being in the 21st century, there’s gotta be an app. IBKR also has APIs that you can access to build custom trading applications.

Key Features.

Free trading tools: Become a better trader by testing out IBKR’s free tools.

Comprehensive reporting: Get an in-depth view of all the data. Not only do you get the basics of trade confirmations in real-time, but you’ll also see details about margins, transaction costs, and more. As you get more trades under your belt and build your portfolio, you can also use the portfolio analysis tool for even more insights.

Flexible trading strategies: Execute any type of order imaginable and get some hand holding along the way.

Advanced research tools: It’s not uncommon for a platform to offer plenty of real-time data but leave you in the lurch when it comes to doing research and identifying new opportunities based on past data. Interactive Brokers has some of the most comprehensive research tools available and caters to both beginning and advanced traders.

Educational content: IBKR believes in the idea of no trader being left behind. Therefore, there’s tons of educational material and content to indoctrinate you into the world of trading and make you the best possible trader. After all, the better you do, the better IBKR can do.

From a regulatory perspective, we see IBKR is about as trustworthy a forex broker as you can get, with licenses in a whopping six tier-one jurisdictions. High-volume traders will appreciate that there are no spreads, but you will be subject to commissions based on your transaction size.

There are also fees involved if you’re not an active trader or your account doesn’t incur any commissions. For this reason, IBKR is recommended for those committed to trading regularly and with decent volume. This is especially true given the minimum deposit requirement of $10,000. There are exceptions to this $10,000 rule depending on where you reside and how old you are.

#7. CMC Markets: Regulated Broker for Currency Trading.

CMC Markets is credited with the first ever online forex trade back in 1996 using the platform’s proprietary MarketMaker software.

The first office sprang up in Sydney, Australia, and the company now has locations in New York and Toronto. Currently, Goldman Sachs has a 10% stake in CMC Markets.

Traders can execute trades via CFDs and spread betting. Though the spread will vary, it is highly competitive. On average, a trader can count on a spread of 0.8 pips or something within that range. Using CFDs and spread betting, forex, indices, cryptocurrencies, commodities, shares, share baskets, and treasuries can all be traded.

Platform Overview.

Conscious of the vast diversity in experience levels among traders, CMC Markets offers one of the best forex broker platforms that’s both intuitive and powerful. You can choose from more than 70 chart patterns and a dozen types of charts. Overlay your charts with 115 technical indicators and drawing tools for maximum levels of insights.

Perhaps one of the coolest options is a price projection tool, which is part of the pattern recognition suite. There’s also the option to view client sentiment to see how other traders feel about an asset in real-time.

All of these features are available on any device, including iPhone and Android devices. Further, you can also access MetaTrader 4 (MT4) seamlessly.

Key Features.

Accessibility: Gain access to CMC Markets’ trading platform using virtually any web browser.

Transparent trading: From your trading view, you can clearly see level one and level two pricing and estimated margins.

More than 100 technical indicators: Go deep in your research by accessing 115 technical indicators. While other platforms may be limited to a few dozen, the sky’s the limit with CMC Markets.

Pattern recognition: You no longer have to rely on your intuition or homemade charts when detecting patterns. CMC Markets has a built-in tool at the ready for trading CFDs and currency pairs.

Award-winning apps: Many forex traders face limitations when it comes to the functionality of a mobile app. The offering from CMC Markets, however, has unprecedented functionality, and the company has won numerous awards for its app.

Over 300 currency pairs: With more than 330 currency pairs at the time of publication, we challenge you to find a pair that you can’t trade.

Depending on where you are in the world, CMC Markets is regulated by either Bundesanstalt fur Finanzdienstleistungsaufsicht (BaFin) or the Financial Conduct Authority (FCA). To keep your money secure, the company segregates funds and abides by strict custody requirements. Your funds will be kept secure in distinct money accounts that have been separated from CMC’s assets.

The banks that hold your funds are considered reputable, though some of the rules that CMC Markets has to abide by can mean that you’ll need to give advance notice if you want to withdraw funds and access them right away.

#8. Saxo Bank: Great Selection of Advanced Trading Tools.

With the mission of placing “the world at your fingertips,” Saxo Bank offers 40,000+ different financial products and easily makes our list of top forex brokers. To help alleviate confusion from this plethora of choice, Saxo Bank also gives clients access to educational tools and informational products to enrich knowledge (and wealth).

This forex broker is fully licensed and regulated as a European bank and supervised by the Danish FSA. They’ve been under this directive since 1996 and maintain good standing.

Trading Platform Overview.

Saxo Bank offers a variety of advanced trading platforms to suit the needs of any trader. Their proprietary trading platform, SaxoTraderGO allows traders to view and trade all of Saxo Bank’s available asset classes, including forex currency pairs, stocks, bonds, mutual funds, options, futures, cryptocurrencies, and leveraged products (such as CFDs in some regions). Further, the interface can be accessed via both mobile and desktop.

For more professional traders, there’s SaxoTraderPRO. This platform gives traders the option to graduate from one screen to six screens. It also allows for algorithmic ordering.

In addition to using Saxo Bank’s trading platform, you can also expand your trading options by adding third-party tools and their API.

Key Features.

“Ultra-competitive spreads”: Saxo Bank is one of the few forex brokers that boasts a spread of 0.6 pips on major forex pairs.

Variable pricing: You can customize your pricing based on your account level. Choose from classic, platinum, and VIP. VIPs get the most competitive pricing.

Knowledge base: Learn how to trade CFDs like a pro by taking advantage of Saxo Bank’s collection of educational materials such as webinars and classes taught by experts.

Flexible trading platform: Instead of thrusting a beginner into the jungle or limiting an expert trader’s options, Saxo Bank gives users the choice of either a standard or advanced trading platform.

Access to MetaTrader: If you prefer not to use SaxoTraderGO or PRO, MT4 is an option. However, it does come with an additional fee.

Though there are relatively high minimum deposits, Denmark and Norway residents can create an account with no money down.

What Is Forex Trading?

If you’ve ever traveled abroad and had to exchange your native currency for money to spend locally, you’ve already done some forex trading.

Short for “foreign exchange, forex trading is the practice of exchanging one form of currency for another.

The price of each currency will fluctuate based on the law of supply and demand. For example, if you exchange a high volume of Canadian dollars for U.S. dollars, the Canadian dollar will drop in value to reflect its corresponding decrease in demand.

On the flip side, the price of the U.S. dollar would rise relative to the Canadian dollar (and other currencies) because more people want to purchase or hold it. It is this theory of basic economics that drives forex trading.

Because there’s a constant stream of trades being executed, the price of a currency (also referred to as its exchange rate) will be in a state of constant flux. Traders use forex trading platforms to profit from these currency fluctuations.

For example, let’s say you buy €1,000 worth of Euros with U.S. dollars, and you’d like to profit from this purchase. You would hold your Euros and watch as the exchange rate goes either up or down. When (and if) the value of the Euro goes up, you can exchange the Euros back to dollars, making a profit in the process.

Simple, right? The trick to being a skilled forex trader is being able to time these transactions precisely while also having access to the right online trading platform to make your exchanges. As long as you have an Internet connection, you can theoretically access most forex brokers and trade from anywhere, potentially making money on your terms.

Further, the forex market is open 24 hours a day, Monday through Friday, so you can trade on a schedule that’s most convenient for you.

Things to Consider when Choosing a Forex Trading Platform.

Choosing the right forex trading platform is important, especially for beginners. Though there’s not a single best forex broker that will suit everyone equally, you can choose the best forex broker that’s right for you if you know what to look for. There are also some clear red flags that will help you avoid problematic forex platforms that are rife with scams.

We recommend evaluating the following:


This point is perhaps the most important one to research before choosing the best forex broker, so it’s the first one on our list. By regulation, we mean that the brokers are subject to federal regulations, and they’re being monitored by the local government to ensure that they’re in compliance with the rules.

We put a lot of emphasis on checking the forex brokers’ regulations because regulation is what will help keep your money in line. When a platform is located in an area without strict regulations, they can do all sorts of things with your money that aren’t in your best interests, including holding onto it or restricting your access to it. Don’t wait until you’re trying to withdraw your money before finding out that your forex platform doesn’t play by the rules.

U.S.- and UK-based forex brokers tend to be the most regulated, particularly when it comes to limiting the amount of leverage a trader can use. Though this relatively high level of regulation can be frustrating at times, it does offer protection to novice traders since leverage trading carries a ton of risk.

If you prefer a regulated platform to ensure some security but you don’t like the idea of restrictive limits on leverage, Australia-based platforms tend to be more lax in this area.

Keep in mind that forex brokers are not centrally regulated, but there are numerous governments and independent organizations that supervise trading. Forex brokers can become certified and licensed by these independent organizations to demonstrate their trustworthiness.

Trading Platform.

The trading platform itself will tend to be a matter of individual taste and preferences. Here, you’ll want to have a list of features that are non-negotiable and then make sure that the platforms on your short list have the features you prefer so you can choose the best forex broker for your needs.

Many platforms also include a wealth of free tools that can elevate your trading and give you an edge. From tooltips to additional views, there’s massive variation between what each online broker offers. You’ll also find that a broker may give you access to different platforms, and some have developed their own proprietary systems.

Another factor you’ll want to consider when looking for the best broker is the ease of use. Whether you’re a beginner or a forex trading pro, you’ll want a system that’s easy to navigate and trade on. If you’re spending hours a day on the platform, you should be able to enjoy the experience!

Fast Trade Execution.

When you place a buy or sell order, the trade isn’t executed instantaneously. There’s going to be a delay, often in milliseconds, but sometimes, it can be several seconds.

The speed of trade execution can be a double-edged sword. On the one hand, you want your trade executed quickly because it will be a more accurate reflection of your target price. In high-volume markets, the price can change several times per second. However, fast trade execution can incur additional fees. According to the SEC, the rule is that if a broker publicizes their trade execution speed and policy, they must follow it to the letter.

Minimum Deposit.

Most brokers will have a minimum deposit amount to get started. If you’re just getting your feet wet, look for a platform that allows you to begin trading without having to commit a lot of money first.

Costs and Fees.

Brokers make money in two ways―via spreads and via commissions. As you likely already know, a commission is a percentage of each trading transaction. A broker will take a small commission on each trade, whether you buy or sell. Look for competitive pricing, and don’t be afraid to shop around.

A spread is similar in that a broker gets a piece of the action. The difference, however, is that with a spread, the broker adds a small margin to the price to compensate them for their risk and the liquidity they’re providing you.

These transaction fees can vary widely, so it’s a good idea to compare prices before depositing your money. In addition to reading reviews (and our recommendations in this article), you can also get data by looking at each platform’s website to see what they list their spreads and commissions as.

Also, don’t forget to look for other hidden fees that some brokers tack on, including fees for inactivity or making withdrawals. There are also fees for holding overnight positions, referred to as a rollover rate, so if you plan on holding your position for longer periods, look for platforms that charge as little as possible here.

Assets to Trade.

While any FX trading platform will have an extensive range of forex pairs, if you’re a diversified trader, you might be looking for more. Many platforms will also give you the option to trade numerous asset classes, including stocks, cryptocurrency, commodities, CFDs, and more.

Still, even among FX trading platforms, there will be variations in the number and types of trading pairs available. If you’re interested in solely the majors like EUR/USD, any platform will do. However, if you want more obscure pairs, you might have to search around.

Demo Accounts.

Beginning forex traders and professionals alike can benefit from having a demo account. This allows you to use “paper” money to execute trades and experiment with different strategies in a simulated environment. It can be a good idea to get demo accounts on a few different platforms if you’re unsure which platform you plan to use long term.


Just as important as regulation is security. Look for both built-in security and options to use features like 2FA (two-factor authentication) to keep your account safeguarded against hackers and other malicious attacks.

Mobile Apps.

Mobile trading can be massively convenient, so make sure that if mobile access is important, your preferred platform offers it. Keep in mind, though, that the features offered on mobile tend to be less robust than desktop access.

Who Is the Best Broker for U.S. Traders?

Hands down, our number one choice for the best forex broker for U.S. traders is IG. With low 0.8 pips for forex pairs like EUR/USD and an intuitive trading platform, IG is one of the leading forex brokers in the industry. The only catch is that IG accounts can’t be formed by residents of Ohio, but the other 49 states have the green light, so IG still ranks on our list as the best overall forex broker.

Whether you’re a beginner or a pro, IG has plenty of support available. There are free online courses, and you can also attend on-demand webinars and seminars. In addition to having access to multiple trading platforms, you can access one of the largest selections of FX pairs for U.S. traders through IG and trade on leverage.

Are Forex Brokers Reliable?

There are countless horror stories of scam forex brokers. However, if you do some preliminary research, you can be matched with a reliable forex broker and avoid having your money stolen from under your nose.

If you choose a forex broker on our list of the best forex brokers, you’ll be in good hands. If you decide to look elsewhere, take a look at the next section to know what to watch for in a good forex broker.

Tips for Choosing a Good Forex Broker.

One of the first things to look for is whether your forex broker is authorized in your region. If you can’t access a trading platform due to a geographical restriction and you don’t have a VPN, then you’ll want to steer clear of depositing any funds.

Other tips:

Make sure your broker is accessible. If they’re overseas, they might not have customer service hours that are compatible with yours. Being able to access your broker quickly is vital.

Read customer reviews. One of the best ways to see if a broker is legit is to read what other people say. Look for keywords in a Google search such as + or .

Start small. If you’re not sure if a broker is legitimate, you can test the water with a small deposit and then make a withdrawal. Specifically, you want to make sure that you can get access to your funds quickly.

If your broker is executing trades on your behalf, make sure they’re in line with your objectives. An unscrupulous broker may only make trades that suit their best interests, not yours.

How Can I Tell if a Forex Broker Is Regulated?

Checking the regulation status of a forex broker is a little different than checking up on a standard bank. Unlike banks and other financial institutions, forex brokers aren’t regulated by the SEC, FTC, etc., though if they are based in the U.S., they could be subject to regulations regarding their marketing.

The best way to confirm whether a forex broker is regulated is to check the About Us section on the brokerage firm’s website. From here, they will list any relevant regulations and licenses they hold.

You can also verify a license through a third-party site. U.S. traders can go to (Commodity Futures Trading Commission) for verification. Another option is to contact the company directly to confirm their status and ask for supporting documentation.

Understanding Forex Spreads and Fees.

If you’re new to the forex markets, you’ll encounter some foreign terminology. One of the most common terms you’ll hear is the spread. Put simply, the spread is the difference between the rate at which the forex broker sells the currency and the rate at which you buy it. Forex brokers pad these buy and sell prices with a small percentage, called a pip, to make a profit.

The fee is typically defined as the difference between the bid and offer price in forex. Fees in forex can also be a commission or withdrawal fee, depending on how the broker chooses to make profits. And finally, you could also incur fees in forex trading if you hold positions overnight. Often, positions are opened and closed in a matter of hours, though longer-term holds are also possible.

What Is the Difference Between a Forex Broker and a Market Maker?

The main difference between a forex broker and a market maker has to do with their role. You can think of the broker as a middleman or an intermediary. Their role is to connect you with a buyer or seller to execute a trade.

A market maker, on the other hand, is the party that helps set the price. The market maker evaluates how many people are trying to buy and sell positions and at what price. The market maker helps balance and match these different positions so that the trade can be executed. They’re said to be the liquidity providers in a market. However, market makers may also buy and sell securities, which could be a conflict because they are the ones setting the bid-ask spread.

The Bottom Line – Is Forex Trading Right for You?

According to Investopedia, forex trading has a possibility to make you “rich,” but it’s not an easy path, and it takes skill. Often, forex traders are associated with gamblers, but our truth is that there’s plenty of money to be made if you do your homework and act rationally instead of emotionally. While 68% of forex traders sustain losses, that means that a third of them can be wildly successful.

One of the reasons for the massive flux in success levels has to do with leveraged trading. Though the leverage concept can pay off big time, it’s also vital to understand that leverage can work both ways.

The content in this article isn’t meant to be construed as investment advice, but there are plenty of opportunities to amass wealth through forex trading if you take a systematic approach and learn how it works before becoming extremely leveraged. A demo account is a fantastic way to start the learning process.

If you’re willing to put in the time and learn the correct way to execute trades, you can have success in this environment.

*This article is provided by an advertiser and not necessarily written by a financial advisor. Investors should do their own research on products and services and contact a financial advisor before opening accounts or moving money. Individual results will vary. Foreign companies and investment opportunities may not provide the same safeguards as U.S. companies. Before engaging with a company, research the laws and the regulations around that service, and make certain the company is in compliance. For comprehensive guidance on U.S. investments and financial regulations, visit the Securities and Exchange Commission (SEC)’s

Forex trading platforms

The Best Forex Trading Platform for Online Trading in 2023.

With all the choices available, which online trading platform should you choose? We are going to take a look at the available options for the best Forex trading platform in 2023. We will look at what actually makes a good trading platform, how to choose the right one for your trading style and offer an online trading platform comparison.

Table of Contents.

Finding the Best Online Trading Platform MetaQuotes Platforms Best CFD Trading Platform Best Commodity Trading Platform Other Trading Platforms.

Finding the Best Online Trading Platform.

What is the best online trading platform for beginners? Forex (FX) trading is performed online via an electronic trading platform. Naturally, many traders are curious about what is the best online Forex trading platform for beginners in the UK or elsewhere.

In fact, 'which Forex trading platform is the best?' is one of the main questions that a trader asks when beginning their trading journey. While traders want to find an online trading platform that is free, they also want to find a legit online trading platform. This is especially true in current times, as there is a lot of competition out there in terms of Forex trading softwares, as well as chances to get scammed.

It's challenging to say which online trading platform is best, but we can say that the Forex trading software industry is heavily dominated by MetaQuotes Corp - the company behind MetaTrader 4 (MT4). This is the most popular Forex software used by traders in the retail Forex market. Whilst MetaTrader 4 is the dominant choice for many professional traders, there are other options that have developed in recent years.

The first ones in our online trading platform comparison are from MetaQuotes Corp.

MetaQuotes Platforms.

If you are looking for the best and cheapest online trading platform, this software may your choice. When it comes to trading FX online, most brokers will supply you with various trading platforms, yet MetaTrader platforms are the most common, and they are free. This free trading platform software was developed nearly ten years ago. There are two primary choices of the trading platform currently offered by MetaQuotes Corp - MetaTrader 4 and MetaTrader 5.

MetaTrader 4.

MetaTrader 4 is a platform, which was specifically designed for FX trading. As retail Forex is a relatively new industry, it did not have reliable third party Forex trading software available until MetaTrader 4 appeared. This is a reliable trading platform that provides traders with lots of useful features. These include:

1-click trading Lots of available Expert Advisors Over 50 indicators Pending orders Limit orders Multi charting Nine different time-frames.

Advantages of MetaTrader 4.

These are just a few of the benefits of MetaTrader 4. One of its strongest selling points is its stability, which is one reason some traders consider it one of the best trading platforms in the UK and elsewhere. You can really count on this platform. In addition to this, it is also supplied with a powerful set of mobile apps. These applications are available for nearly any type of operating system, including iOS, Android, and Windows. Needless to say, these mobile platforms are also very stable and powerful.

MetaTrader 4 has copious trading features that you can use throughout your whole trading journey. Additionally, it is easy to learn and use, making it one of the best online trading platforms for beginners and professional traders.

Disadvantages of MetaTrader 4.

Occasionally you may find that some brokers offer wider spreads on the MT4 platform in comparison with the smaller spreads they may offer through their main trading platform (assuming that the broker in question offers several trading platforms to trade on.). Additionally, some professional traders argue that the platform is slower in comparison with other trading platforms.

Source: MetaTrader 4 - Market Watch - Several different currency pairs opened in Mini Terminals.

MetaTrader 4 Supreme Edition Add-On.

Whilst MetaTrader 4 is quite a powerful platform in itself, Admirals offers a plugin for it known as MetaTrader 4 Supreme Edition. This plugin may put MT4 at the top of some traders' lists of the best trading platforms in the UK and elsewhere. It's a plugin that has over 50 additional tools for traders. Once you have downloaded your MT4 Forex trading platform, you will need to download Admirals' MetaTrader 4 Supreme Edition and install this package over the original MetaTrader 4 installation.

This plugin significantly increases the advantages of MetaTrader 4 - and it also allows users access to a more flexible 1-click-trader, also known as the 'Mini-Terminal'. New orders, like OCA orders, will become accessible and you will even be able to drag and drop your stop-losses and take-profits. Admirals recognises the great advantages of MT4, and has developed this add-on to make it even better for its clients.

MetaTrader 5.

Quite similar to MetaTrader 4, this is one of the best forex trading platforms currently available. In general, MetaTrader 5 is slightly faster, supports more types of orders, comes with a larger amount of indicators and has some additional features. Whilst it is a better platform, there aren't any huge, revolutionary differences that can make MetaTrader 4 redundant. What is good about MetaTrader 5 for both traders and brokers is that it can handle a larger amount of trading instruments compared to MetaTrader 4.

Advantages of MetaTrader 5.

While MetaTrader 5 is similar to MetaTrader 4, there are some distinct advantages that are simply not found in other forex trading platforms. For example, MetaTrader 5 has:

21 timeframes the trader can view. This includes 11 types of 'minute' charts (such as M1, M2, M3, etc), seven types of 'hourly' charts (such as H1, H2, H3, etc) as well as daily, weekly and monthly charts. Most platforms, such as MetaTrader 4 only come with nine timeframes. Six types of pending orders including buy-stop, sell-stop, buy-limit, sell-limit, buy-stop-limit and sell-stop-limit orders. MetaTrader 4 and other platforms typically offer only the first four types of pending orders. The ability to switch between 'hedging' mode and 'netting' mode. Hedging mode allows the ability to take trades in opposing positions and has revolutionised the trading options for Forex traders. The Depth of Market (DOM) function, which allows Forex traders to view the bids and offers at different prices of a financial instrument.

MetaTrader 5 Supreme Edition Add-On.

While MetaTrader 5 is fully loaded with advanced trading features, making it one of the best and most powerful trading platforms available for Forex trading, Admirals offers a plugin called MetaTrader 5 Supreme Edition which offers even more advanced trading tools. These include:

Inbuilt technical analysis insight and access to an award-winning technical analysis pattern recognition system from Trading Central. A mini-terminal function allowing traders to open and manage positions more effectively with integrated lot-size and margin calculator and smart order lines for partial closing and time-based stops. An inbuilt trading history analyser, which allows traders to view detailed statistics of their trading performance to help optimise future trading decisions. Advanced trading indicators such as candle countdown, pivot points, renko charts and much more.

Once you have downloaded your MT5 Forex trading platform, you will need to download Admirals' MetaTrader 5 Supreme Edition and install this package over the original MetaTrader 5 installation.

The exclusive MetaTrader Supreme Edition.

Download the most powerful plugin suite for your favourite trading platform!

Best CFD Trading Platform.

CFD trading platforms let you trade hundreds of financial instruments without ever owning the underlying asset. Instead, you are looking to predict an asset's price direction – commodities, stocks, forex or something else– will fall or rise.

Some key points to consider when choosing the best online CFD trading platform are the available markets, payments, commissions, and regulation. Some of these are determined by your broker, not your platform, so it is equally important to find a broker with agreeable terms.

MetaQuotes Corp software is one of the best online CFD trading platforms available because both MetaTrader 4 and MetaTrader 5 offer charts and broker integration for one-click trading, as well as many other features such as:

Free indicators and charting tools Real-time market data Volatility protection settings Expert advisors for customised indicators and automated trading strategies Mobile trading MetaTrader Supreme Edition add-on (exclusive to Admirals) including a built-in economic calendar, market analysis tools, advanced order types, correlation matrix and more.

Admirals offers trading on both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), as well as MetaTrader WebTrader which allows trading directly from your browser. One of the main differences between MetaTrader 4 and MetaTrader 5 is the range of markets available to trade.

Best Commodity Trading Platform.

If you wish to trade oil, gold, silver, natural gas, wheat and the like, you'll need one of the best online commodity trading platforms. As well as offering access to the commodities markets you wish to trade, the platform and broker you choose must also offer attractive fees and commissions, as well as a sufficient range of trading indicators and tools.

MetaQuotes Corp software is also one of the best online commodity trading platforms available. With their MetaTrader 4 or MetaTrader 5 trading platform and a live trading account with Admirals, traders get access to the markets, tools, data, low fees and low spreads that can help them achieve success using an online commodity trading platform.

With Admirals, you have access via CFDs to sixteen of the largest commodities traded in the commodity market, plus 10 CFDs on commodity futures. Here are the commodity CFDs currently available:

Agricultural Commodities.

Arabica Coffee Cocoa Cotton Orange Juice Robusta Coffee Sugar Raw Sugar White.

Energy Commodities.

Brent Crude Oil WTI Crude Oil Natural Gas.

Metal Commodities.

Gold Copper Palladium Platinum Silver XAUAUD.

Additionally, when trading commodity CFDs via a live account with Admirals, traders enjoy the following benefits:

Negative balance protection policy, meaning that if your account balance drops below 0, Admirals will reset it at 0, rather than let you descend into deep trading debt Low trading costs, featuring spreads from 0 pips A free, premium analytics portal that features news feeds from Dow Jones newswires with as many as 850 articles per day, economic calendars, market sentiment widgets and more Access to the world's most popular trading platforms, MetaTrader 4 and MetaTrader 5.

Having the right platform and a trusted broker are hugely important aspects of trading commodities. Admirals is an award-winning broker that offers the ability to trade on commodities via CFDs, not to mention other markets like Forex, Stocks and ETFs and much more.

This is all possible via the MetaTrader 4 and MetaTrader 5 online trading platforms. To get your FREE download of MetaTrader 5, click the banner below.

The World's Premier Multi Asset Platform.

Other Trading Platforms.


In recent years, Spotware has developed 'cTrader' as a competing trading platform for Forex traders. While this Forex platform does offer advanced charting and trading features, similar to the MetaTrader platform there are some differences:

As MetaTrader is one of the best-known platforms for auto-trading it has a large online community that share new strategies and indicators. It also makes it much easier to find support on the internet for the MetaTrader platforms, whereas support may be limited for cTrader's auto-trading capabilities. cTrader does not allow the customisation of indicators and has limitations to using third party programmes whereas MetaTrader is fully customisable. MetaTrader comes packed with additional features such as an economic calendar, real time market news and 'signal trading' functionality whereas cTrader does not have any of these features.

As this platform is available in a web browser, there hasn't been a strong emphasis placed on the development of mobile apps until recent times. At the moment, cTrader is supplied for Android and iOS devices only. Whilst this probably does cover the majority of traders, it does hinder those using a Windows phone. MetaTrader 4 and 5 are certainly the best online Forex trading platforms for Forex mobile trading.


The NinjaTrader trading platform has been around since 2004 and is a Forex platform designed for active forex, futures and stock traders. While the platform offers advanced charting, automated strategy development and trade simulation, those who wish to execute trades from their platform must purchase a lifetime licence or lease the platform on a quarterly or annual basis.

This factor may disqualify this Forex trading platform from some traders' lists of the best online forex trading platforms for beginners.

One of the main reasons MetaTrader platforms are so popular and commonly used is the fact they are free to the trader via their broker. And, in some cases such as with Admirals, advanced trading tools like the Supreme Edition plugin also come at no additional cost.

Furthermore, NinjaTrader acts primarily as a trading platform and is not a market data provider. This means in order to receive end-of-day or real-time market data, users need to connect their platform to one of the market data providers NinjaTrader operates with, such as Google Finance or Kinetick.


The eSignal trading platform is a Forex platform geared towards advanced traders who enjoy fully customisable features. While the platform offers all the standard features expected of a modern trading platform, users can create their own trading strategies or market screeners through the coding language.

The platform offers advanced drawing tools such as time and price squares and Gann boxes, as well as the ability to view up to 500 symbols at one time. However, to access streaming and real-time data feeds, traders need to connect their platform with one of eSignal's supported brokers. This means users will have to lease the platform from eSignal for a monthly or annual fee. This factor may exclude this Forex trading platform from some traders' list of the best online trading platform for beginners in the UK.


The ProRealTime trading platform is a technical analysis Forex platform software developed in France by IT-Finance. The platform is unique as it is a web-based software that is backed up on the company's cloud network. The platform itself offers a wide range of advanced charting and analytical tools, as well as the ability to create customised market scanners and trading strategies using their ProRealCode language.

However, users must pay a software licence to use the platform. On top of this, there are additional fees to access real-time market data.

Conclusion - What Is the Best Forex Trading Platform?

The advantage of online trading platforms is that people can trade the same securities from any location in the world. The exceptions here are countries where there are restrictions limiting access to online trading, or trading in general. Regardless of whether you are interested in which online trading platform is best in Malaysia, the Philippines or somewhere else, all you need to do is sign up for an account with a broker, download a free trading platform and start trading.

As you can see, there is a lot to consider when choosing the best Forex trading platform for advanced traders and beginners - but MetaTrader 4 and MetaTrader 5 tend to receive the most positive reviews and frequently top the list for best trading platform in the UK and elsewhere. They are time tested and have been proven to work over and over again.

You will be pleased to know that you can download MetaTrader 5 for FREE, on Mac or PC, by clicking the banner below!

The World's Premier Multi Asset Platform.

About Admirals.

Admirals is a multi-award winning, globally regulated Forex and CFD broker, offering trading on over 8,000 financial instruments via the world's most popular trading platforms: MetaTrader 4 and MetaTrader 5. Start trading today!

This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.

An all-in-one solution for spending, investing, and managing your money.

More than a broker, Admirals is a financial hub, offering a wide range of financial products and services. We make it possible to approach personal finance through an all-in-one solution for investing, spending, and managing money.

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Sign up for our Risk Free Demo Account to practise trading. Ready to go live? Open a Live Account and get started.

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January 05, 2023.

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When you start Forex trading online you will soon come to understand that observing the movements of currencies is vital. The best way to observe such movements is when they are plotted on a chart. Generally speaking, there are many options for Forex charting software that is available to traders.In.

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Table of Contents How to find trading opportunities Forex calendars: Economic calendars, news calendars, corporate calendars and more Live FX news: Trading news, live market news, Forex news feeds and more Technical analysis for Forex trading Forex Featured Trading Ideas trading tool Feeli.

January 03, 2023.

In this article, we will walk through how to download MetaTrader 4 for Mac users. There are two different processes depending on which Mac OS you have installed.1. Installing MetaTrader 4 on pre-Catalina Mac2. Installing MetaTrader 4 on Mac with OS CatalinaOnce we have established how to install Met.