Best Forex Platforms
Forex trading platforms play a crucial role in the world of online trading. It is the key to investing to exchange markets around the world. So what is this trading platform? A platform stands for trader’s getaway or portal even to the Forex market. The platform can affect any aspect of your trading, so it is of high importance to choose the good one. It carries out many duties, for example, it can access the fundamental research related to the foreign exchange market, as well as analyze momentary news events, or it can also make technical analysis of currency pairs on charts, etc. All the Forex platforms have a similar mission – to make the process of trading easier for traders. However, some can do this better than others. That is why we selected the best, in our opinion, platforms, the detailed description, and the difference of each you can find below.
MetaTrader 4
Forex trading platforms play a crucial role in the world of online trading. It is the key to investing to exchange markets around the world. So what is this trading platform? A platform stands for trader’s getaway or portal even to the Forex market. The platform can affect any aspect of your trading, so it is of high importance to choose the good one. It carries out many duties, for example, it can access the fundamental research related to the foreign exchange market, as well as analyze momentary news events, or it can also make technical analysis of currency pairs on charts, etc. All the Forex platforms have a similar mission – to make the process of trading easier for traders. However, some can do this better than others. That is why we selected the best, in our opinion, platforms, the detailed description, and the difference of each you can find below.
MetaTrader 5
The MetaTrader is very similar to MetaTrader 4, but it is a more up-to-date version of the very platform. The developers have added some new features to the popular platform so that you could trade several accounts at once since the platform opens up the possibility of a quick transition from window to window. The process of trading is now much easier and faster. It is offered by many brokers, as it is convenient and efficient, understandable for a beginner and an experienced trader. It has one of the best mobile platforms as well. The MetaTrader 5 mobile trading platform practically does not differ from the PC version. Metatrader 5 is available for iPad and iPhone, other mobile devices, so just pick your device and trade. There is an application for Android, as well as other systems. Simply put, you can trade whenever you want.
cTrader
The cTrader uses the latest technologies in the online trading field. It is developed to work with ECN accounts and combines advanced tools and functions meeting the requirements of all its users. Its users are provided with the highest order execution speed. They also can control the full volume of current market quotes, which means even greater market conditions. The cTrader trading platform provides full STP access to the Forex market for professional and new traders. Moreover, you can trade directly with the world’s leading bank without the mediocracy of a broker. So you can trade in one click without a dealer. Among other benefits the platform gives you a lot of trading tools, you can create an unlimited number of charts on it and customize various modes, layouts, and templates in them. Also in cTrader, you can open charts in separate windows while maintaining all the functionality, which allows you to trade on several accounts simultaneously. It provides functions ChartShots and ChartCasts for sharing experiences and ideas with other traders. In addition, you get the opportunity to trade using the web interface. However, the main disadvantage of the platform is the specificity of its application, namely, ECN accounts.
WebTrader
The Web Platform belongs to the classic platforms. The mobile-optimized web platform makes it easy to check your funds, research potential investments, and confidently place trades on your phone or desktop. WebTrader is an excellent technology platform that allows you to access the markets directly from your browser. You get the basic functions in several clicks, the only thing needed is an Internet connection. After that, you can start analyzing financial markets or exploring portfolio diversification options and so much more. This platform uses a great technical trading engine with such functionality that makes it easy to implement various trading strategies, send trade orders, define entry and exit points and perform any tasks available like on the MetaTrader 4 platform. The WebTrader platform focuses on data protection, as well as maintaining the highest level of security during each trading session.
