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The Best 3 Forex trading platforms for retail traders

Ali Qamar

Updated:
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Service for copy trading. Our Algo automatically opens and closes trades.

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The L2T Algo provides highly profitable signals with minimal risk.

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24/7 cryptocurrency trading. While you sleep, we trade.

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10 minute setup with substantial advantages. The manual is provided with the purchase.

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79% Success rate. Our outcomes will excite you.

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Up to 70 trades per month. There are more than 5 pairs available.

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Monthly subscriptions begin at £58.


Forex trading is no longer a new topic for most folks, and the trades take place through an electronic platform. In the forex trading platform is where all the trades take place.

Our Forex Signals
Forex Signals – 1 Month
  • Up to 5 Signals Sent Daily
  • 76% Success Rate
  • Entry, Take Profit & Stop Loss
  • Amount to Risk Per Trade
  • Risk Reward Ratio
  • VIP Telegram Group

39£

Forex Signals – 3 Months
  • Up to 5 Signals Sent Daily
  • 76% Success Rate
  • Entry, Take Profit & Stop Loss
  • Amount to Risk Per Trade
  • Risk Reward Ratio
  • VIP Telegram Group

89£

MOST POPULAR
Forex Signals – 6 Months
  • Up to 5 Signals Sent Daily
  • 76% Success Rate
  • Entry, Take Profit & Stop Loss
  • Amount to Risk Per Trade
  • Risk Reward Ratio
  • VIP Telegram Group

129£

Sort By

4 Providers that match your filters

Payment methods

Trading platforms

Regulated by

Support

Min.Deposit

$ 1

Leverage max

1

Currency Pairs

1+

Classification

1or more

Mobile App

1or more
Recommended

Rating

Total cost

$ 0 Commission 3.5

Mobile App
10/10

Min.Deposit

$100

Spread min.

Variables pips

Leverage max

100

Currency Pairs

40

Trading platforms

Demo
Webtrader
Mt4
MT5

Funding Methods

Bank Transfer Credit Card Giropay Neteller Paypal Sepa Transfer Skrill

Regulated by

FCA

What you can trade

Forex

Indices

Actions

Cryptocurrencies

Raw Materials

Average spread

EUR/GBP

-

EUR/USD

-

EUR/JPY

0.3

EUR/CHF

0.2

GBP/USD

0.0

GBP/JPY

0.1

GBP/CHF

0.3

USD/JPY

0.0

USD/CHF

0.2

CHF/JPY

0.3

Additional Fee

Continuous rate

Variables

Conversión

Variables pips

Regulation

Yes

FCA

No

CYSEC

No

ASIC

No

CFTC

No

NFA

No

BAFIN

No

CMA

No

SCB

No

DFSA

No

CBFSAI

No

BVIFSC

No

FSCA

No

FSA

No

FFAJ

No

ADGM

No

FRSA

71% of retail investor accounts lose money when trading CFDs with this provider.

Rating

Total cost

$ 0 Commission 0

Mobile App
10/10

Min.Deposit

$100

Spread min.

- pips

Leverage max

400

Currency Pairs

50

Trading platforms

Demo
Webtrader
Mt4
MT5
Avasocial
Ava Options

Funding Methods

Bank Transfer Credit Card Neteller Skrill

Regulated by

CYSECASICCBFSAIBVIFSCFSCAFSAFFAJADGMFRSA

What you can trade

Forex

Indices

Actions

Cryptocurrencies

Raw Materials

Etfs

Average spread

EUR/GBP

1

EUR/USD

0.9

EUR/JPY

1

EUR/CHF

1

GBP/USD

1

GBP/JPY

1

GBP/CHF

1

USD/JPY

1

USD/CHF

1

CHF/JPY

1

Additional Fee

Continuous rate

-

Conversión

- pips

Regulation

No

FCA

Yes

CYSEC

Yes

ASIC

No

CFTC

No

NFA

No

BAFIN

No

CMA

No

SCB

No

DFSA

Yes

CBFSAI

Yes

BVIFSC

Yes

FSCA

Yes

FSA

Yes

FFAJ

Yes

ADGM

Yes

FRSA

71% of retail investor accounts lose money when trading CFDs with this provider.

Rating

Total cost

$ 0 Commission 6.00

Mobile App
7/10

Min.Deposit

$10

Spread min.

- pips

Leverage max

10

Currency Pairs

60

Trading platforms

Demo
Webtrader
Mt4

Funding Methods

Credit Card

What you can trade

Forex

Indices

Cryptocurrencies

Average spread

EUR/GBP

1

EUR/USD

1

EUR/JPY

1

EUR/CHF

1

GBP/USD

1

GBP/JPY

1

GBP/CHF

1

USD/JPY

1

USD/CHF

1

CHF/JPY

1

Additional Fee

Continuous rate

-

Conversión

- pips

Regulation

No

FCA

No

CYSEC

No

ASIC

No

CFTC

No

NFA

No

BAFIN

No

CMA

No

SCB

No

DFSA

No

CBFSAI

No

BVIFSC

No

FSCA

No

FSA

No

FFAJ

No

ADGM

No

FRSA

Your capital is at risk.

Rating

Total cost

$ 0 Commission 0.1

Mobile App
10/10

Min.Deposit

$50

Spread min.

- pips

Leverage max

500

Currency Pairs

40

Trading platforms

Demo
Webtrader
Mt4
STP/DMA
MT5

Funding Methods

Bank Transfer Credit Card Neteller Skrill

What you can trade

Forex

Indices

Actions

Raw Materials

Average spread

EUR/GBP

-

EUR/USD

-

EUR/JPY

-

EUR/CHF

-

GBP/USD

-

GBP/JPY

-

GBP/CHF

-

USD/JPY

-

USD/CHF

-

CHF/JPY

-

Additional Fee

Continuous rate

-

Conversión

- pips

Regulation

No

FCA

No

CYSEC

No

ASIC

No

CFTC

No

NFA

No

BAFIN

No

CMA

No

SCB

No

DFSA

No

CBFSAI

No

BVIFSC

No

FSCA

No

FSA

No

FFAJ

No

ADGM

No

FRSA

71% of retail investor accounts lose money when trading CFDs with this provider.

 

Therefore, anyone considering hitting the forex journey will have one major question, which is the best forex trading platform?

Trading Forex
It’s essentially the most significant software any forex trader can think of, especially the short-term traders relying more on the technical rules and spend more hours on the trading platforms.

Besides, the trading platform you choose will significantly determine the success of your forex trading experience. Therefore, you need to understand the best trading platforms, together with their advantages and disadvantages.

Features of the Best Forex Trading Platforms

There’re several forex trading platforms that you can choose from hence making the processing overwhelming. However, once you know the features the best platform should have, it can be a walk in the park.

Here are some of the top features any “best” forex trading platform should have:

Security and Reliability

Trading forex means you’re ready to invest your money and look forward to making profits. Now imagine being on a program that only freezes once you open a trade? That would be the last thing you’ll want to imagine happening.

Therefore, the best platform should be the one that is secure and reliable. It’s the one that doesn’t crash at that moment in time when you need it the most.

Real-Time Price Quotes

As a retail trader, the cornerstone of trading successfully starts with real-time price quotes. As much as they are not inked directly to the platform but the broker, you should be considering them in your selection process.

Retail traders have a relatively short-term horizon holding trades for a few hours, especially the day traders. Therefore, nothing could come in handy like a platform with real-time price quotes.

Types of the Market Orders

As much as most trades are executed instantly, let’s not neglect the significance of the pending orders in some situations, for example, in the breakout trades.

Instead of waiting for an actual breakout to take place, breakout traders can place Sell Stop or Buy Stop orders. Therefore, a platform should offer an array of market orders.

Advanced Charting Tools

Making of trading is not an easy task as proper analysis has to be done by observing the price charts. Therefore, a good trading platform is the one that offers a plethora of charting tools such as Fibonacci levels, trend lines, and channels.

Moreover, the tools should not only be there but should be accessible, lines smooth, and connect automatically to closing and opening prices of the candlesticks.

Customer Support

The forex journey is not a short one, and along the way, you’ll probably want some answers to some of your questions. But where will you get your answers? How fast do you need the answers?

A good trading platform should have available support willing to help at any given time.

Top 3 Forex Trading Platforms

Meta Trader 4

Among retail traders, Meta Trader 4 is the most common platform. Even though it has been there for more than a decade, it’s still going strong and ranking highly.

What makes the platform the best is that it has a user-friendly as well as an easy interface.

The interface has five main windows, with each of them offering the best experience any trader will appreciate.

The platform’s support I very much reliable and gets back to questions quickly and willingly provides the answers. It also has automated capabilities with forex robots.

Meta Trader 5

The Meta Trader 5 is not far down in the ranking order thanks to the upgraded features. Almost all of the Meta trader 4 functionality is as well available on this platform.

Trading forexHowever, it includes some additional technical indicators as well as a wide variety of graphical objects. Therefore, its charting capabilities are second to none, and the trader can analyze the price charts in exceptional detail.

It also has an inbuilt economic calendar accessed directly from the toolbox window. It also features an improved strategy tester to allow multicurrency as well as multi-threaded backtests by use of real ticks instead of the closing prices.

On the downside, Meta Trader 5 has few brokers supporting the platform, and its online community is far less compared to Meta Trader 4.

 

Ninja Trader

Ninja Traders is for the professionals in forex trading. In fact, most brokers highlight specific requirements for accessing the Ninja trader platform.

The platform offers advanced charting tools, backtesting options, automated trading capabilities, and it adds detail as well as complexity to the features.

Traders can back as well as future test the trading robots even with simulated data feeds.

 

AvaTrade - Established Broker With Commission-Free Trades

Our Rating

  • Minimum deposit of just 250 USD to get lifetime access to all the VIP channels
  • Awarded Best Global MT4 Forex Broker
  • Pay 0% on all CFD instruments
  • Thousands of CFD assets to trade
  • Leverage facilities available
  • Instantly deposit funds with a debit/credit card
71% of retail investor accounts lose money when trading CFDs with this provider.

 

Conclusion

Having the best forex trading platform is a no brainer for any retail trader. It’s where all the trades are made, and hence you won’t afford to make any mistake.

The Meta trader 4 is arguably the best at the moment but soon can be overtaken by the Meta trader 5 once its broker support as well as user base grows.