Best Trading Platforms
The forex trading platform offered by your online forex broker will probably be the biggest determinant of whether or not you will be happy with the broker you end up choosing. Your trading platform will be your order entry and execution tool. Many platforms also provide analyses and automoatic order entry tools that can help take your trading to the next level. All of this means that you should choose your trading platform wisely.
Some platforms are web based and some come as downloadable software. Have a look through our guide on trading Platforms to learn what the difference between all the offerings are and what you need to consider in selecting a forex platform.
Taking into account important evaluation criteria for trading platforms we assembled our list of the top forex platforms.
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Meta Trader 4
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Trading Station II
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Market Trader.com
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The most popular forex trading platform is Meta Trader 4, also known as the MT4 trading platform. MT4 can be downloaded from some broker’s website and used to place trades through the brokers servers. It’s not possible to use one MT4 download on all broker sites so if you open more than one MT4 broker account you will need to download a seperate copy of MT4 for each broker you trade with. Each copy of the software will be uniquely tied into the broker's servers.
MarketTrader is another downloadable platform that comes highly recommended. You can check them both out with no obligation by downloading live demo account with Forex.com (or any of the MT4 brokers we recommend) and signing up with Markets.com.
Whatever platform you choose to go with it should be fast, stable, have some basic features like charting and analyses tools, and be easy to use. For more information on each of these criteria check out our guide to the left wich provides more details on forex platforms.