So you have decided to jump into the world of forex trading and it starts with finding the right broker. This decision is going to directly affect your entire forex experience, so it is essential to find the right fit for you. Every forex broker is going to use a different trading platform, and not all of them offer the same services.
While you can’t go wrong choosing one of the myriads of top regulated forex brokers, it is worth doing your research beforehand. As every broker is going to use a different platform, everything from ease of access, to currency options, and customer service are going to vary. Take a look at some of the best forex broker trading platforms available at the moment.
CMC Markets
CMC Markets has been around since 1989 and is known, regulated, and trusted across the world markets. They utilize their Next Generation trading platform, which has access to over 10,000 different instruments and offers clients trading costs that are measurably below average.
This platform also gives you access to a very user-friendly mobile app, tons of valuable market research, as well as numerous advanced tools to take advantage of. CMC Markets is going to be a great choice for those just getting into forex trading, along with seasoned veterans.
FXCM
FXCM is another trading platform that has been around for decades, and they have three tier-1 regulations, which ensures you that they are a safe and secure broker. They don’t have the same reach and range as some of the competitors, but this also depends on what currency pairs you are looking for.
You are going to gain access to a trading platform that has many great tools available to help make trading easier, as well as some great customer service, and a very impressive knowledge base for education. While their prices are relatively average, FXCM is a platform to keep your eye on.
IG
IG has been trading since 1974, and it has proven itself to be extremely trustworthy and secure over the years. They are one of the most low-risk traders out there and also offer pricing that is extremely competitive. Overall their trading platform is going to give you a little bit of everything, along with almost 20,000 trading instruments, and it should be considered by anyone getting into forex or CFD trading.
Interactive Brokers
If you are an experienced trader who is looking for a platform that gives more intuitive control and access, look no further than Interactive Brokers. This 40 plus-year-old forex broker is not going to be for beginners, as a lot of what their platform offers is going to be too complicated to grasp.
Yet, for anyone who needs access to markets all across the world, and the tools to compete in them, this platform is going to be perfect. Interactive Brokers also offers a great mobile app for those traders who need to do business on the go. They are also one of the best rated true ECN forex brokers in the world.
Saxo Bank
Here we have another trading platform that is well-known across the world in Saxo Bank. This is not going to be the platform for everyone, as they do have a minimum $10,000 deposit required to do business with them. Yet, if the minimum isn’t a concern you will be gaining access to over 40,000 different trading instruments.
Saxo Bank is going to give you a lot of choices, great customer service, and prices that will compare with others in their echelon. To top it all off their market research is extensive, and their SaxoTradeGo platform will give you everything you need to make money trading currency.