# 10 Best Forex Trading Platforms
This fantastic all-round experience makes IG the best overall broker in 2022. EToro specialises in social trading and copy trading with a platform specifically designed for trading CFDs. The online broker was recommended for social traders based on the platform functionality, number of copy traders online, and depth of CFD trading options. MarketsX has limited accessibility, as it’s only offered to clients of Markets.com. Despite being a multi-asset platform, the platform’s functionality is geared towards share dealing while the needs of forex traders are left behind. An enhancement IC Markets offers is the ZuluTrade social trading extension.
It has a user-friendly interface and many tools and indicators to help you monitor the markets. Both the MT4 and MT5 trading apps comes with a vast range of technical tools and indicators. MT4 is the industry favourite, and many new traders prefer to start there.
Which Online Broker Is Best For Beginners?
We had to assess, rate, and rank nearly every international Forex trader available over some time. This meant crawling through tons of published research to ensure we were only dealing with legit traders. However, you might still have to pay third-party deposit and withdrawal charges. Users get to trade with more than 80 Forex pairs, which cover exotic and emerging markets. Users can also download the IG app, which works with both iOS and Android devices. With touch and face ID security, IG’s app is ahead of other MT4 apps in the industry, and it is also more than adequate in terms of functionality and user experience.
The popularity issue is also a factor when it comes to purchasing EA’s or copy trading with a smaller marketplace compared to MT4. The platform does provide all the tools you need to build automations – and unlike MetaTrader 4, do not require EAs.
Trading Platforms + Tools
TradeStation also has a stock screener based on different metrics from over 100 search fields. While Plus500 is a good platform if you are new to trading, but we do not recommend the platform if you intend to use it to learn to trade.
- With that said, the best forex trading platforms that we came across also offer lots in the way of exotic pairs.
- Here are three of the most important factors to keep in mind when choosing an online broker for forex trading.
- Minimum account balance can be as low as $5 in the case of some of the reliable forex brokers.
- In other words; you’ll have to make your own investment decisions without mirroring the positions of eToro’s professional gurus.
- Both the MT4 and MT5 trading apps comes with a vast range of technical tools and indicators.
After reviewing dozens of providers, we found that the best forex trading platform in the market right now is eToro. This heavily regulated platform offers over 50+ pairs — all of which can be traded commission-free and at low spreads. We briefly mentioned forex demo accounts earlier on this page -and for good reason.