Top 10 Forex Trading Platforms

A variety of spider web terminals and specialized software makes a pick of a trading platform a hard one for a novice trader. What should be this vital decision based on? To begin with, information technology is necessary to highlight the main criteria that loftier-quality software must run into for making money on fiscal markets. These include:

The terminal should role without technical failures, including times of increases in liquidity. Such flaws are observed mainly on spider web platforms. For supporters of long-term trade, such drawbacks are non significant, merely for scalpers, delays in processing trade orders tin pb to loss of profits. To avoid such bug, it is recommended to install trading software on a home figurer, but this is not always effective.
Functionality A proficient trading platform should have plenty tools for technical-analysis. When transferring indicators to a chart, developers should take incorporated the possibility to adjust input parameters. It is equally important to use several fourth dimension periods of the chart for making a trading conclusion. Past the way, co-ordinate to the method of A. Elderberry, this method of filtering spurious signals is a key chemical element of the strategy. The program should be able to work simultaneously with several financial instruments, too as with automated trading systems. A trader should not have difficulty placing urgent, condom or pending orders. An additional advantage of the last will be the presence of a window for monitoring trading volumes (a drinking glass of prices) and important macroeconomic events capable of provoking a violent market reaction.
Trading should be comfy for the trader, then a good terminal can modify the color of indicators, the background or the chart itself. In improver, the first impression of the platform is based on a visual assessment.
No compatibility issues. If necessary, the trader should be able to install the platform on a mobile device. To do this, developers must take intendance of the correct operation of the program on any operating system.
Popular terminals for trading in the OTC marketplace run across almost all the requirements mentioned higher up. When choosing a specific platform, a trader should exist guided non only past the opinion of more experienced colleagues, but also by their ain impressions. Below are descriptions of the best Forex trading platforms at the fourth dimension of this writing. After reading this information, anybody volition be able to make an objective conclusion on choosing a terminal.

It is important to take into account that some of the platforms mentioned are copyrighted by brokers, so trading in them is possible merely when opening an account with a particular visitor.

Ninja trader

Universal trading platform to which it is possible to connect a trading account of any banker. A distinctive characteristic of this terminal is the ability to clarify cluster charts, which volition let the trader to obtain accurate data on market sentiment.

The development and modernization of the platform is the responsibleness of the American company NinjaTrader LLC, headquartered in Denver. The screenshot shows a graph in the NinjaTrader concluding with book indicators printed on information technology. It is worth saying that this platform is standard for many investment companies.

There are 2 versions of the final: Pro and Light. Version Pro provides the user with virtually unlimited trading and analytical capabilities, merely its utilize volition price $ 50 per month. The Lite version is aimed at a wider audition. This terminal can exist downloaded from the website of the programmer. When trading in a demo manner, a monthly fee for using the software is not charged. The trading period on a demo account is not limited. The terminal Ninja Trader can only be used to perform analytical work. Information technology is worth noting that a similar set of indicators in the usual MT4 or MT5 is not provided.

Zulu-Trade

Trading platform, which allows yous to earn both by investing in other traders and in contained trading. The terminal has an accessible interface. The official site provides a detailed guide for beginners. At that place are also instructions for attaching a trading account to the platform. Zulu-Trade is an contained organization that cooperates with many reliable brokers.

Zulu-Merchandise is ideally suited for passive earnings in fiscal markets through the distribution of capital among successful traders. At that place is a demo mode, which without embellishment displays the truthful capabilities of the platform. Also worth noting is an effective system for monitoring earnings statistics of managing traders. For self-trading I personally institute the terminal inconvenient and limited.

Mirror trader

The name of the platform fully justifies its essence. The functionality is largely similar to the previously considered Zulu-Merchandise.

The primal task of the platform is to monitor the transactions of successful traders. The possibility of automatic and semi-automatic trading. The investor decides for which transactions to follow.

Important! Beginners are not recommended to use the features of Mirror Trader. In the early stages, it is more than important to devote time to independent trading, and the transactions of other bidders are as well distracting, while at that place are no guarantees of success.

MetaTrader iv

The platform was developed by MetaQuotes Software Corp in 2005, but this last fifty-fifty today has the right to be called one of the all-time. Distinctive features of MetaTrader 4 include:

High performance;
Favorable surroundings for the implementation of whatsoever trading ideas and to develop their ain strategies;
The developers provided the editor of MQL4 trading advisors (a after version of this editor is provided in the MT5 platform), which allows users with the necessary skills to automate the trading process;
If necessary, the trader will be able to install in the terminal any custom indicators that are not included in the standard prepare of analytical tools, likewise as any trading programs, scripts;
In that location is a flexible setting of toll charts;
The platform is adapted to the nearly popular operating systems (windows, mac OS, Android, iOS, Linux);
Impeccable trading account security.

MetaTrader four is even so used by most brokerage companies to provide services in the online trading industry to a broad audience.

MetaTrader 5

Innovative trading final from the company-programmer MetaQuotes Software Corp was released in 2010. The platform has a lot of common features with the previously considered MT4. In the new version of the MetaTrader terminal, developers managed to significantly expand the functionality of the platform:

21 timeframe instead of 9.
More than lxx tools for computer market analysis.
The ability to customize sound notifications when forming a trading signal.

The ability to trade is non limited to currency pairs. In addition, the trader will exist able to open transactions in the futures market, as well every bit to trade in goods and stock avails.

A glass of prices has been integrated into the last, which will allow the trader to more considerately evaluate pricing prospects.

ATAS

The developers are positioning the platform as a terminal for professional trading, the monthly price of which volition cost 69 EUR.

For these funds, the trader receives complete data on trading volumes on the futures market. The cost of unlimited use of the program is fixed and amounts to 1790 EUR. In that location is a examination menstruation of 14 days. With most experienced traders, this last is used exclusively as an analytical tool. The noteworthy volume indicators are really integrated into the ATAS platform.

SB-Pro

The terminal is a full-fledged, independent analogue of the previously reviewed ATAS platform. The difference is just in the cost of use. Developers do not provide a monthly fee. To work with the platform, it is enough to buy its full version for 100 USD.

In terms of functionality, the terminal is not inferior to more than expensive counterparts, such as ATAS or VolFix. Sb-pro is used by traders as an analytical tool and deserves the attention of beginners, since the analysis of cluster graphs can exist called one of the most constructive.

Libertex

This terminal was awarded the title of the best trading platform Forex 2014 at the international exhibition of innovative technologies in the online trading industry Forex-Expo.

Distinctive features of the platform are:

The ability to merchandise stock assets, commodities, cryptocurrencies and currency pairs from ane account;
The trading process is simplified as much as possible, so novice traders volition not have difficulty operating;
Both independent trading and investing in successful managers is possible;
Convenient risk command service when investing in a PAMM - multiplier.
Adapted to the most popular operating systems.

Currently, trading on the Libertex platform is possible merely after registering an account with Forex Club.

Rumus

A unique trading and analytical platform, access to merchandise on which the visitor provides Forex-Gild.

Master advantages:

The possibility of developing unique indicators;
Access to unique custom indicators and oscillators;
Many types of brandish charts, including "Renko", "Kagi";
Integrated monitoring of meaning macroeconomic events.

Jforex

The trading platform was developed by specialists of Dukascopy Bank SA and is provided for trading in financial instruments by bank customers.

The utilize of the terminal is available on the official website of the broker after authorisation, and information technology is also possible to install the platform on a PC. Compatibility bug will not ascend, considering the developers have adjusted the software for the well-nigh popular operating systems.

Important! The JForex terminal is about as skillful as the usual MT5, simply has a disarming advantage. Dukascopy Bank SA is a market maker and liquidity provider, therefore, the nearly accurate prices and market spreads for liquid assets are provided for clients to trade.

The disadvantages of the terminal include a limited choice of fiscal instruments, as well every bit high requirements for the starting eolith. The minimum amount for opening an account is 1000 USD. Another flaw is the inability to integrate custom indicators into the final, since all of them are written in MQL5 or MQL4.