Best Forex Trading Platforms 2023
Discover Beginner-Friendly Trading Platforms for Forex Traders
Are you ready to embark on your forex trading journey and want to know what is the best forex trading platform to use in the UK? Look no further! We have compiled a comprehensive list of beginner-friendly platforms that forex traders use in 2023. These platforms are equipped with intuitive interfaces, powerful tools, and vibrant communities that will support you every step of the way.
What is a Forex Trading Platform
A forex trading platform is a software application provided by brokers that enables forex traders to buy and sell currencies, indices, commodities, stocks and more in the foreign exchange market. It serves as an intermediary, offering real-time price quotes, live forex charts, order execution capabilities, and other tools necessary for trading. These forex trading platforms can be accessed via computers or mobile devices and provide features such as charting tools, technical analysis tools, various order types, risk management tools, and access to stock market news, market insights and analysis. Forex traders should consider their preferences and needs when selecting a platform that suits them best.
Some of The Most Popular Forex Trading Platforms
MT4 Metatrader 4/5: Popular and user-friendly platform with comprehensive charting, technical indicators, and automated trading options. MT5 is an advanced version of MT4 with enhanced features, expanded asset options and improved order execution.
Oanda: OANDA fxTrade is a popular trading platform known for its user-friendly interface and advanced charting capabilities. It supports trading in forex and other instruments.
Plus500: Plus500 is an online trading platform with a user-friendly Interface: The platform is designed to be intuitive and easy to navigate, making it accessible for both beginner and experienced traders.
cTrader: cTrader is a widely-used trading platform known for its advanced charting capabilities, algorithmic trading, and customisable interface.
NinjaTrader: NinjaTrader offers an extensive range of features, including advanced charting, backtesting, and automation capabilities. It supports multiple asset classes and is popular among futures traders.
TradeStation: TradeStation is a feature-rich trading platform that provides comprehensive charting tools, algorithmic trading options, and access to a wide range of markets.
ProRealTime: ProRealTime is a web-based platform that provides advanced charting, technical analysis tools, backtesting, indicators and real-time market data. It helps traders create automated trading strategies and systems. It is commonly used by forex and futures traders.
MultiCharts: MultiCharts is a professional trading platform known for its extensive backtesting capabilities, customisable indicators, and robust trading strategies.
SaxoTraderPRO: SaxoTraderPRO is a multi-asset trading platform that provides access to a wide range of markets. It offers advanced order types, comprehensive research tools, and integrated risk management features. For advanced and serious forex traders.
Latest Forex Broker and Platform Reviews
