Written by Retail foreign exchange trading started in 1996, but there were no sufficient tools for brokers available. That’s why several brokers developed their own trading platforms customized to their needs.
The first platforms were based on the ACT foreign exchange trading technology and GUI (graphical user interface). These were platforms like MG forex, Matchbook FX ECN, Saxo Bank (then known as Midas). These platforms required constant investment in development and research but were good enough at that time.
The last couple of years the advanced trading platforms are starting to appear. There’s more importance on the GUI, certainly with the platforms like multicharts and ctrader. These platforms making it more accessible to the traders and make it more easy and instinctive.
Platforms are also engaging on the social networks like Facebook, twitter and other social media networks. This made social trading grow strongly in the last years. Other platforms as Currensee, Zecco.com, etoro and fxstat appeared.
The five best forex trading platforms
eToro is a user friendly platform especially for starting traders. It’s build to trade in all major currencies in the international market. eToro is a non downloadable platform (webtrader) what offers a practice and live trading area. It also allows trading in gold and silver and oil and CFS’s. The benefits of this easy forex platform;
1) real time rates on a free practice account
2) on your first account up to $ 10.000
3) one on one trading sessions and a personal trading coach
4) exclusive benefits on a VIP account
5) advanced commodities and forex trading tools
6) no dealing desk
7) live chat and phone support 24/7
AVA FX was founded in 2006 by a team of financial profecionals and experts in internet technology. It’s one of the leading on-line forex trading brokers. If you are a starting or professional trader AVA FX is suitable for both. What are the benefits;
1) Streaming trading exchange rates for 24 hours a day.
2) Wide variety of currency pairs.
3) Possibility to diversify your portfolio by trading oil, gold, silver, nasdaq and more.
4) You can trade with leverage up to 200:1, what gives a better opportunity to profit.
5) Can save multiple professional charts on separate worksheets.
6) A high diversity of technical indicators to make your decision making simple.
7) No commissions or fees, the revenues are generated by the difference between the buy and sell price.
24/7 multilingual support for all questions and requests.
9) 256-bit SSL encryption for secure online protection.
ForexYard allows new traders to sign up and start trading in minutes. For both beginners as experts traders they have online trading tools, access, educational programs and a downloadable software trading platform and web based java system.
What ForexYard offers;
1)Instant deposit with your credit card.
2) By using a Java based platform possible to start trading in minutes.
3) Fixed spreads of 3 pips on EUR/USD and 3-5 pips on other major currency pairs
4) Extensive product ranges with a full group of platforms and products; MT4, ACT, Desktop, web and mobile applications.
5) If your equity falls below the margin requirement the FX trading station will automatically close out your positions, so no debits.
6) 24 hour (Mon-Fri) support center for technical help and market advice