Forex or foreign exchange trading is undoubtedly more volatile than the stock market making it a faster way to earn profits. But, being volatile also means that there is the same amount of risk involved as well. So, it is essential to take quicker actions as seconds can change the whole game and disrupt your expectations.
Quicker actions are not possible only with faster internet connectivity, the chosen forex trading platform should also be up to the mark. It should be well optimized to support instant actions and display instant information for the traders to catch up with the ongoing trend for flawless forecasting.
Finding such platforms may be a tough task for beginners until now, but not anymore for you. You are about to go through the top 5 most efficient, feature-rich, and highly reliable forex trading platforms that our top-rated experts have managed to gather after considering every single factor.
Being a trader, whether beginner or professional, you shouldn’t miss trying out these trading platforms as they indeed hide some features that you are seeking.
One of the top requirements for any beginner in trading is finding the right currency pair, the price range, and the volatility of which matches the strategy. But, the right platform is required to compare the available currency pairs to increase the chances of profits. Markets.com is one such companion that can help you decide the currency pair to trade in using your strategy.
Right from 2008, when Markets.com was established with the simplest interface of that time, it has gained immense popularity among all levels of traders.
It is available in almost all major regions of the world and comes with handy features to analyze, forecast, and buy or sell the currency hassle-freely. The most compelling thing about this platform is the commission-free trades and outstanding customer support that every beginner looks out for. Also don’t forget about the markets.com bonus promotion which will you get when starting.
A trusted forex trading platform is always the best choice over the feature-rich UI as we need to trust it without money. But, what if reliability gets complemented with feature-rich UI, definitely a smart choice. Alpari is one such reliable platform that is around for over 2 decades.
This Forex Trading platform is regulated by Mauritius financial law as it belongs to Mauritius that offers hassle-free trading to both MT4 and MT5. Being a beginner, you can learn every essential aspect of Forex trading from this platform easily. The reason being a free demo account with the pre-loaded amount to test your skills and the performance of the platform as well.
Alpari is also one of the cheapest forex trading platforms allowing the minimum deposit of just $5. Well, you can also use different payment options to deposit into the wallet.
- Olymp Trade
Olymp Trade has always been in the buzz of the internet, possibly due to the vigorous ad campaigns by the developers. Well, the buzz of being the best forex trading platform is worthy of its reliable and flawless performance.
Right from the demo account available to the presence of a bunch of useful trading tools and options, you can get every single resource that can either support or enhance your trading skills to the next level.
Fixed-time trading is also one of the most intriguing features for the beginner to make the predictions easier.
Although it requires a minimum deposit of $250, Forex.com is one of the best platforms to start trading with smaller amounts. Well, the features, charts, and options available in this platform are also suitable for the higher volume of traders to forecast and trade on a wide range of available currency pairs.
On top of this, Forex.com also provides a leverage ratio of 50:1 using which you can enhance your returns to a whole new level.
OctaFX is also one such platform that is getting insanely popular among traders. Besides, it comes under the top platforms that are attracting novices towards forex trading. Well, it is furnished with quite a compelling UI and a user-friendly interface that makes forex trading look easy with a minimum deposit of just $20.
All these forex trading platforms deliver the best in every feature, option, and interface to give the best trading experience. But, the strategy and knowledge on the forex market are what matters the most when it comes to profit although those platforms also suggest proper education before risking your money in trading.