Tuesday, August 24, 2021 / 09:58 AM / George Rossi / Header Image Credit: Ecographics
Following are the five best forex trading platforms:
01 - XTB
On top, we have XTB as it is one of the world's largest exchange-listed FX brokers, regulated by many agencies, including the Financial Conduct Authority. XTB provides access to over 1,500 worldwide markets, including currencies, indices, commodities, exchange-traded funds (ETFs), and cryptocurrency.
Regardless you're a beginner or an expert trader; you will like the trading platform's ease of use and fast execution speeds. Their trading software is simple but intuitive, allowing you to manage your investments swiftly and efficiently.
02 - FXTM
FXTM, ForexTime, was founded in 2011 as a global CFD and FX broker. It is based in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC) and other financial agencies worldwide, including the Financial Conduct Authority (FCA). FXTM is a low-risk forex broker because such prestigious institutions regulate it. Read forextime review for more information
The fee structure is according to the type of FXTM account you have. Standard accounts have higher spreads but no commissions, whereas ECN accounts have smaller spaces but incur a commission. FXTM, on the other hand, only charges a commission when you open a position, and the cost can be reduced if you trade more or have a heavy account balance.
03 - IG
IG is an obvious pick for anyone interested in the forex market because of its large assortment of FX pairs and quick access for traders situated in the United States. With low spread costs, accessible customer service, and a mobile app for on-the-go trading, IG US takes user-friendly trading to the next level. In addition, the IG Academy provides novice traders with all of the material they need to implement trade methods. In contrast, seasoned traders may brush up on advanced strategies.
04 - Vantage
Vantage FX, situated in Australia, was formed in 2009 as MXT Global and rebranded in 2015. It is one of the top forex brokers for making the most out of your initial deposit.
To receive your 50% deposit incentive, fill out an opt-in form and deposit $200 to $500 within ten business days of opening your account. The bonus can then be converted to actual money when trading. What's more, guess what? There will be no need to pay a deposit fee.
This offer is valid for accounts with MT4 STP, MT4 ECN, and MT5 trading platforms. Trading prices vary depending on whatever account type you select. For traders on a tight budget, the commission-free Raw ECN account is the best option.
05 - AvaTrade
AvaTrade, an Irish forex broker, has been one of the best forex brokers in the business since 2006. It is excellent at copy trading with tools like DupliTrade, ZuluTrade, and MQL5. A copy trading platform allows you to select an expert trader to follow and follow their trading actions for a monthly subscription.
AvaTrade's automated trading platforms include its own AvaOptions, WebTrader, and award-winning AvaTradeGO mobile apps, as well as the entire MetaTrader suite. It also offers a client-focused user experience across these platforms, with a wide range of tradable instruments.
About the Author George Rossi
George is the Chief Market and Broker Analyst at brokertested.com. Prior to being recruited by brokertested.com, I served SVS Securities as Chief Market Analyst for two years. Earlier, he joined Morgan Stanley in Nov 2013 as Research Analyst.
George is a well-rounded financial service professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.
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