Best Trading Platform For Forex
When searching for the best trading platform for forex, it is important to consider what features are most important to your specific style of trade. For example, some traders like to have a lot of research and data (whether it is outsourced or self-generated) built into their platform. Others may prefer a more simple, user-friendly interface. And still others might be looking for a mobile-enabled platform to use on the go.
Which market is best for forex trading?
The MetaTrader 4 (MT4) trading platform is one of the most popular in the industry and frequently makes it onto lists of the best Forex trading platforms in the UK and elsewhere. It offers a range of advanced trading tools including a selection of order types, an integrated news feed and the ability to create custom Market Watches. Plus, it supports the use of Expert Advisors.
IG Group is another top Forex broker with a proprietary platform that allows for the creation of customised charting and analysis tools through its ProRealTime software. The company also provides an API for integrating 3rd-party Forex software and has recently launched a new platform designed to be particularly user-friendly for beginners.
TD Ameritrade has a solid reputation among investors and is known for its low fees and broad offering of investments. However, it has a few drawbacks for those looking specifically to trade forex. First, it only offers a limited number of currency pairs and the platform is built alongside tools for trading other assets, so traders who are more interested in forex as part of an overall investment portfolio may find the platform less compelling.