Promote our services on other platforms and websites Measure the effectiveness of our campaigns Accept all cookies Accept selected cookies. Platforms Start trading with a good platform. Open Live Account. Trading is risky and your entire investment may be at risk. Select the device you want to use for the platform Desktop devices. System requirements:. Platform Languages:. Open Demo Account. MetaTrader 5 Trade on the new MetaTrader 5 platform. Download MetaTrader 5. English, Swedish, Spanish, Slovak, Serbian, Russian, Portuguese, Polish, Mongolian, Latvian, Korean, Japanese, Italian, Indonesian, Hungarian, Hebrew, Greek, German, French, Estonian, Dutch, Danish, Czech, Croatian, Chinese, Bulgarian, Vietnamese, Turkish.

Copy Automatic Systems or Professionals Start Now. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please read the Risk Disclosure and Warning Notice. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

TradeStation is an online charting system and social network for traders to converse with each other, share ideas and trade scripts. TradeView offers superior charting for a large range of CFDs. Traders can choose from 10 HTML5 chart types with up to 8 charts per layout and over 50 drawing tools to help analyse trends and identify opportunities. TradeStation also has a stock screener based on different metrics from over search fields.

A similar feature is offered by xStation offered by XTB. TradeStation is not a true trading platform. You cannot buy and sell through it, to do this you will need a broker that integrates TradeStation into its platform.

It also does not offer Level 2 data regardless if traders subscribe to a Premium subscription. While the software offers a free subscription to get some features, a paid subscription will be needed to get the best features such as a screen with multiple charts and customer services. OANDA ranks as the best US-based forex broker offering TradeStation which they call OANDA Trade Web, OANDA Trade Desktop and ONADA Trade Mobile and Table app. OANDA is recommended for their:.

Oanda offers its clients access to Autochartist, a powerful third-party tool that uses automatic chart pattern recognition software. All Oanda Trade clients can gain free of charge access to the Autochartist software. Some Autochartist features and advantages are listed below:. Make better trading decisions with indicators, overlays and tools, including AutoChartist. Additionally, OANDA clients can have access to an economic calendar integrated directly with the TradeStation platform.

If your trading relies on news activity, you can get real-time breaking news along with market commentaries from industry-leading FX experts. At OANDA, forex traders can deposit and withdraw money through 4 supported payment methods including:. Additionally, OANDA supports not only the major currencies for deposits which include USD, AUD, GBP and EUR, but it also supports minor currencies like the CAD, HKD, JPY, SGD and CHF.

In total, OANDA customers can use 9 different account base currencies along with their favourite banking method. OANDA was found to be the best forex broker for the TradeStation platform powered by its advanced price technology. For a limited period 30 days traders can use the TradeStation demo account to test the financial services offered by Oanda.

Most regulated brokers will offer MT4 and MT5 while cTrader is niche software only provided by a handful of CFD specialist providers. A trader should base their forex trading platform based on their experience level and needs with the best software for:. While the above platform made our list of the best forex trading platforms, there are other very good trading platforms you could consider.

IG Markets in addition to ProRealTime also have their in-house developed trading platforms IG trading platform and L2 Dealer which is designed for DMA trading. AvaTrade makes three trading platforms for mobile trading. AvaTradeGO for trading all products , AvaSocial for Social Trading and AvaOption for Options Trading. XTB have xStaion 5 and Station Mobile. com also have a range of trading platforms. The best forex platform is MetaTrader 4 based on the popularity of the trading software, reliability and automated trader facilities.

The best forex broker offering MT4 is Pepperstone, which has some of the lowest spreads in , the fastest execution speeds and good trading customer service. Most brokers offer variable spreads, so it is important to choose the right broker for fixed spreads. Brokers that offer Fixed spreads include AvaTrade, easyMarkets, FxPro and OctaFX. You can find out more about these brokers our best Fixed Spread Brokers page.

MetaTrader 4 is the most popular software for trading forex but MetaTrader 5 is quickly gaining market share due to its additional CFD functionality. This makes it easier to trade gold, indices, shares and even crypto. We use cookies to ensure you get the best experience on our website.

By continuing to browse you accept our use of cookies. Brokers By Country Australian Forex Brokers UK Forex Brokers European Forex Brokers NZ Forex Brokers Canadian Forex Brokers US Forex Brokers Singapore Forex Brokers UAE Forex Brokers. Lowest Spread Forex Brokers Lowest Commission Brokers High Leverage Forex Brokers Islamic Forex Brokers Crypto CFD Brokers Forex Demo Account ASIC Regulated Brokers CySEC Regulated Brokers. MetaTrader 4 Brokers MetaTrader 5 Brokers Spread Betting Platforms UK CFD Trading Platforms Automated Trading Software Scalping Trading Software Beginner Forex Trading Platforms Micro Currency Platforms.

Pepperstone Review IC Markets Review FP Markets Review CMC Markets Plus Review eToro Review IG Review FXCM Review. Home » Best Forex Trading Platform. Best Forex Trading Platform Guide The forex trading software is the most critical component traders need to consider when selecting a forex broker. Written by Justin Grossbard Written by Justin Grossbard Co Founder. Edited by Riley Adams Edited by Riley Adams Senior Trading Editor.

Reviewed by Justin Hertzberg Reviewed by Justin Hertzberg Forest Park FX President. Fact Checked We double-check broker fee details each month which is made possible through partner paid advertising. Learn more this here. Best Forex Trading Platforms The top 10 forex brokers in Australia based on forex trading platforms are: Pepperstone - Best MetaTrader 4 forex broker.

IC Markets - Best MetaTrader 5 CFD broker. eToro - Top social and copy trading platform. Plus - Great forex platform for beginner traders. CMC Markets - Good share and forex trading platform. FXCM - Great forex trading app with NinjaTrader. OANDA - Top TradeStation software platform.

IG - Largest forex broker with ProRealTime. FxPro - Best cTrader forex broker for scalping. City Index - Good eSignal charting software. Visit Site. Our Rating. Review Of Pepperstone. Review Of IC Markets. CMC Markets Review. Review Of FXCM. Review Of Plus ASIC Australia. FCA UK. Raw Spread. Commissions USD Base. Minimum Deposit. Swap Free Account. No Inactivity Fees. Funding Methods. No Funding Fees.

Currency Pairs. Index CFDs. Share CFDs. Commodities CFD. Retail Max Leverage Australia. Max Leverage Australia. MetaTrader 4 MT4. MetaTrader 5 MT5. Proprietary Platform. Automated Trading. Standard Stop Loss. Guaranteed Stop Loss. Demo Account. Pepperstone Is The Best MetaTrader 4 Broker. Standard Account Spreads.

Base Currency USD EUR AUD GBP. Total Fees. Visit Broker. Commissions Per Lot Australian Dollar US Dollar British Pound The Euro Swiss Franc Canadian Dollar Singapore Dollar New Zealand Dollar Hong Kong Dollar Japanese Yen MetaTrader 4 AUD 3. Our Rating The overall rating is based on review by our experts. IC Markets Is The Best MetaTrader 5 Broker. IC Markets MT5 Spread Comparison. FxPro offers spreads of 0. FXCM Has The Best Forex Trading App FXCM is the best NinjaTrader broker and also has the best mobile app through its Trading Station proprietary platform.

Background To NinjaTrader Based out of the USA, NinjaTrader is an advanced charting forex software package created in Cons Of NinjaTrader NinjaTrader is only offered by six foreign exchange brokers. Final Verdict For FXCM FXCM is the leading regulated broker offering both NinjaTrader and Trading Station, with the latter offering the most advanced mobile app for both iPhone, iPad and Android devices.

IG Is The Best ProRealTime Broker IG has , clients globally and is listed on the FTSE Pros Of ProRealTime As outlined above, the technical analysis functionality of ProRealTime is the key strength of the trading software. Cons Of ProRealTime The platform was not designed for mobile trading with no trading apps available. More Details About IG There are two types of trading accounts. Standard Account. eToro Offers The Best Copy Trading Software When opening an eToro trading account, a demo account is automatically created.

A Deep Dive Of The eToro Trading Platform eToro specialises in social trading and copy trading with a platform specifically designed for trading CFDs. eToro Copy Trading Platform Pros The most obvious advantage of the eToro trading platform is that the platform is specifically designed for social trading.

The eToro Trading Community eToro has millions of traders but more importantly, it has the most traders engaged in social trading. Financial Markets Offered By eToro In , 47 currency pairs can be traded with eToro.

Final Verdict On eToro eToro is recommended for social and copy trading based on market share. Plus Trading Platform Plus is a CFD provider that offers a large range of financial instruments for trading.

Advantages Of Plus Platform Plus trading platform is well known for its ease of use when trading its large range of financial products.

eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors — or receive exclusive perks for sharing their own trading strategies. For the ForexBrokers.

com Annual Review , all online broker participants were assessed on variables across seven primary categories. Here's how we tested. Alongside primary categories, ForexBrokers. com ranks brokers by the most popular investor categories. Finally, each year ForexBrokers. com honors the brokerages who go above and beyond in the areas that matter most to investors. Regulated and trusted across the globe, IG offers traders the ultimate package of excellent trading and research tools, industry-leading education, comprehensive market research, and an extensive list of tradeable products.

This fantastic all-round experience makes IG the best overall broker in CMC Markets is a globally-trusted broker that delivers a terrific offering for traders thanks to notably low pricing, nearly 10, tradeable instruments, and the Next Generation trading platform, which comes packed with quality research and innovative features such as its Dynamic Trading portfolio tool. We've conducted thorough testing of the best trading platforms offered by dozens of the top forex brokers in the industry.

A forex broker is a company that is licensed or considered exempt by a national regulator to grant you — as a retail or professional client — the ability to buy or sell foreign currencies, by way of an online trading platform or over the phone known in the industry as voice broking. A forex broker may offer you the underlying currency, or a non-deliverable spot contract or derivative such as a contract for difference, or CFD, depending on any relevant country-specific regulatory restrictions.

It's important to only use brokers that are properly regulated to reduce your risk of being scammed. Yes, to trade forex you'll need to use a forex broker. You'll need to open an account and deposit enough collateral margin to enable you to place orders with your broker to buy or sell forex. The forex broker's job is to execute your orders — either internally by acting as the principal to your trade market maker execution or by sending your orders to another market, thus acting as your agent agency execution.

Your broker should be regulated and properly licensed in your country of residence or in a major financial center. We evaluate and track dozens international regulatory agencies; click here to learn more about Trust Score. Check out our guide to trading forex for beginners here. The next step will be deciding on your trading budget. This is especially important given the risks involved in trading forex from a margin account. Forex brokers typically offer a range of contract sizes so you can fine-tune the size of your trade — which will determine how much risk you are taking for a given profit target.

In this case, your potential risk will be limited — but so will your potential rewards. For most beginners, trading forex with an amount of capital that you can afford to lose can be a great way to learn with less risk, and can be of value if you focus on the percentage returns rather than their dollar value.

IG takes first place in our Annual Review as the best forex broker, with available currency pairs and the ability to trade CFDs and forex options, traders have plenty of choices. IG is the only broker that is regulated in both Switzerland and the U. expand What does it mean to be the biggest forex broker? What can be considered the largest forex broker may vary depending on the time period used to measure size.

Important factors to consider when gauging the size of a forex broker are the assets under management, number of clients, and market capitalization valuation for public companies. Here are the top 10 brokers by forex and CFD trading volume according to data compiled by Finance Magnates during the third quarter of data excludes Japan due to the abnormally high trading volumes known to come from Japanese brokers :. CMC Market's Next Generation platform comes with a massive selection of nearly 10, tradeable instruments.

It delivers a terrific user experience, as well as advanced tools, comprehensive market research, and an excellent mobile app. Hands down, the CMC Markets Next Generation trading platform is a market leader that will impress even the pickiest of traders. The new Dynamic Trading tool allows you to place multiple trades simultaneously, which was a nice innovation by CMC Markets this year. If you're a fan of mobile platforms — or trading forex on the go — see our picks for best forex trading apps here.

What do you value most in a forex broker? Maybe you want to trade forex on the go. You might be looking for the most cost-effective forex brokers. Or maybe you are a beginner forex trader who is just getting started. With a wide range of forex brokers comes a wide variety of features and specialties. IG offers the most tradeable CFDs in the industry, 19, CFDs, or "contracts for difference," enable traders to speculate whether the price of a stock, forex pair, market index, or commodity will go up or down without taking ownership of the underlying asset.

Alongside nearly 10, CFDs, CMC Markets offers the most tradeable currency pairs, with pairs that can be quoted both ways i. As a highly-trusted and regulated global brand, Interactive Brokers IBKR provides everything professional traders might need, from advanced trading tools and platform features to competitive pricing across a wide variety of markets, as well as connectivity to over global exchanges. In addition to competitive spreads and low commission-based pricing for forex, Interactive Brokers provides more third-party research than any other broker.

Interactive Brokers continues to innovate its platform offering, such as with its new Impact app for environmental, social, and governance ESG investing, alongside the related Impact dashboard available in its Trader Workstation TWS desktop and WebTrader platforms. Professional client status : In today's highly regulated forex world, traders who want to maximize their margin leverage must apply and obtain ESMA's professional client status with their broker. Traders designated as Professionals in the EU do not receive negative balance protection and other consumer safety mechanisms such as eligibility for compensation schemes in the event of a broker's insolvency.

To determine the best forex brokers for professional traders, we broke down each broker's active trading program, and compared all available rebates, tiers, and all-in costs. Trading platforms were then tested for the quality and availability of advanced trading tools frequently used by professionals.

Written by Steven Hatzakis , Blain Reinkensmeyer Edited by John Bringans Fact-checked by Joey Shadeck. The ForexBrokers. com annual forex broker review six years running is the most cited in the industry. With over 50, words of research across the site, we spend hundreds of hours testing forex brokers each year. Here's how we test. Are you looking to speculate that the Euro EUR currency will go up in value against the U.

Dollar USD? The forex market is the largest and most liquid market in the world, representing every global currency with trading conducted 24 hours a day, five days a week. To trade forex, you need a reputable online broker. Trading with a trusted forex broker is a crucial factor for success in international currency markets. As a contract for difference CFD trader or forex investor, you may have specific needs related to which platform, trading tools, or research requirements you have.

Understanding more about your investment style needs can help determine which forex broker will be best for you. Each year, our team here at ForexBrokers.

com spends five months testing the biggest names in foreign exchange and assembles a guide to the best forex brokers for forex and CFDs trading. Here are our findings for CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets. Read full review. Saxo Bank is an exclusive multi-asset broker with brilliant research and a superb trading platform experience — as well as a stunning selection of over 40, securities.

CMC Markets is well-trusted across the globe, and delivers a terrific trading experience thanks to its excellent pricing and selection of over 12, tradeable instruments. Interactive Brokers is a highly trusted multi-asset broker with an extensive offering of tradeable global markets.

It delivers competitive fees and high-quality research and education, as well as a modern, institutional-grade trading platform suite. For traders in the U. com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms — alongside limited access to MetaTrader. As a trusted multi-asset broker, XTB offers outstanding customer service, a wide variety of forex and CFDs, and an excellent overall trading experience.

Backed by StoneX Group, City Index is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market research, and extensive range of tradeable markets. eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors — or receive exclusive perks for sharing their own trading strategies.

For the ForexBrokers. com Annual Review , all online broker participants were assessed on variables across seven primary categories. Here's how we tested. Alongside primary categories, ForexBrokers. com ranks brokers by the most popular investor categories. Finally, each year ForexBrokers. com honors the brokerages who go above and beyond in the areas that matter most to investors. Regulated and trusted across the globe, IG offers traders the ultimate package of excellent trading and research tools, industry-leading education, comprehensive market research, and an extensive list of tradeable products.

This fantastic all-round experience makes IG the best overall broker in CMC Markets is a globally-trusted broker that delivers a terrific offering for traders thanks to notably low pricing, nearly 10, tradeable instruments, and the Next Generation trading platform, which comes packed with quality research and innovative features such as its Dynamic Trading portfolio tool.

We've conducted thorough testing of the best trading platforms offered by dozens of the top forex brokers in the industry. A forex broker is a company that is licensed or considered exempt by a national regulator to grant you — as a retail or professional client — the ability to buy or sell foreign currencies, by way of an online trading platform or over the phone known in the industry as voice broking. A forex broker may offer you the underlying currency, or a non-deliverable spot contract or derivative such as a contract for difference, or CFD, depending on any relevant country-specific regulatory restrictions.

It's important to only use brokers that are properly regulated to reduce your risk of being scammed. Yes, to trade forex you'll need to use a forex broker. You'll need to open an account and deposit enough collateral margin to enable you to place orders with your broker to buy or sell forex.

The forex broker's job is to execute your orders — either internally by acting as the principal to your trade market maker execution or by sending your orders to another market, thus acting as your agent agency execution. Your broker should be regulated and properly licensed in your country of residence or in a major financial center. We evaluate and track dozens international regulatory agencies; click here to learn more about Trust Score. Check out our guide to trading forex for beginners here.

The next step will be deciding on your trading budget. This is especially important given the risks involved in trading forex from a margin account. Forex brokers typically offer a range of contract sizes so you can fine-tune the size of your trade — which will determine how much risk you are taking for a given profit target. In this case, your potential risk will be limited — but so will your potential rewards.

For most beginners, trading forex with an amount of capital that you can afford to lose can be a great way to learn with less risk, and can be of value if you focus on the percentage returns rather than their dollar value. IG takes first place in our Annual Review as the best forex broker, with available currency pairs and the ability to trade CFDs and forex options, traders have plenty of choices. IG is the only broker that is regulated in both Switzerland and the U. expand What does it mean to be the biggest forex broker?

What can be considered the largest forex broker may vary depending on the time period used to measure size. Important factors to consider when gauging the size of a forex broker are the assets under management, number of clients, and market capitalization valuation for public companies.

Here are the top 10 brokers by forex and CFD trading volume according to data compiled by Finance Magnates during the third quarter of data excludes Japan due to the abnormally high trading volumes known to come from Japanese brokers :. CMC Market's Next Generation platform comes with a massive selection of nearly 10, tradeable instruments.

It delivers a terrific user experience, as well as advanced tools, comprehensive market research, and an excellent mobile app. Hands down, the CMC Markets Next Generation trading platform is a market leader that will impress even the pickiest of traders. The new Dynamic Trading tool allows you to place multiple trades simultaneously, which was a nice innovation by CMC Markets this year.

If you're a fan of mobile platforms — or trading forex on the go — see our picks for best forex trading apps here. What do you value most in a forex broker? Maybe you want to trade forex on the go. You might be looking for the most cost-effective forex brokers. Or maybe you are a beginner forex trader who is just getting started.

With a wide range of forex brokers comes a wide variety of features and specialties. IG offers the most tradeable CFDs in the industry, 19, CFDs, or "contracts for difference," enable traders to speculate whether the price of a stock, forex pair, market index, or commodity will go up or down without taking ownership of the underlying asset.

Alongside nearly 10, CFDs, CMC Markets offers the most tradeable currency pairs, with pairs that can be quoted both ways i. As a highly-trusted and regulated global brand, Interactive Brokers IBKR provides everything professional traders might need, from advanced trading tools and platform features to competitive pricing across a wide variety of markets, as well as connectivity to over global exchanges.

In addition to competitive spreads and low commission-based pricing for forex, Interactive Brokers provides more third-party research than any other broker.

Interactive Brokers continues to innovate its platform offering, such as with its new Impact app for environmental, social, and governance ESG investing, alongside the related Impact dashboard available in its Trader Workstation TWS desktop and WebTrader platforms.

Professional client status : In today's highly regulated forex world, traders who want to maximize their margin leverage must apply and obtain ESMA's professional client status with their broker. Traders designated as Professionals in the EU do not receive negative balance protection and other consumer safety mechanisms such as eligibility for compensation schemes in the event of a broker's insolvency. To determine the best forex brokers for professional traders, we broke down each broker's active trading program, and compared all available rebates, tiers, and all-in costs.

Trading platforms were then tested for the quality and availability of advanced trading tools frequently used by professionals.

Here are three of the most important factors to keep in mind when choosing an online broker for forex trading. Not sure how to go about choosing a forex broker?

Check out our Forex Broker Compare Tool to compare dozens of the biggest forex brokers in the industry and analyze their top tools and features. Our Compare Tool is fed by data gathered by our expert researchers for our forex broker reviews , so you can feel confident you have the most up-to-date information at your fingertips.

To see an intuitive, comprehensive list of highly regarded regulatory agencies, check out our Trust Score page. Also, be sure to check out our in-depth reviews of forex brokers — we detail the regulatory status of each individual forex broker across the international forex landscape. Here are the Overall rankings for the 39 online brokers who participated in our Annual Review, sorted by Overall ranking.

Was this helpful? Yes or No. At ForexBrokers. com, our evaluations of online brokers and their products and services are based on our collected quantitative data as well as the qualitative observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the online forex brokerage industry, and we evaluate dozens of international regulator agencies click here to learn about how we calculate Trust Score. We test all available trading platforms for each broker — whether they are proprietary or come from third-party providers — and evaluate them based on a host of data-driven variables.

All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running macOS Ultimately, our rigorous data validation process yields an error rate of less than. For a full explanation and accounting of our research and testing process, please click here to learn more about how we test. There is a very high degree of risk involved in trading securities.

With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument.

In our example, we are looking to trade the Euro EUR against the Swiss franc CHF. A Long History of Providing Quality Financial Services Across the Board. There are no commissions charged in the IG forex trading department, either. new follow-up comments. 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. For example, if you're a casual forex trader you might consider opting for an account that offers commission-free positions.

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