What is the Best Forex Trading Platform?
When it comes to choosing the best forex trading platform, it really is a two horse race between MetaTrader 4 and cTrader. For a long time now, MT4 has been the dominant forex trading platform , with nothing being able to come close in terms of popularity and performance. Enter the cTrader forex trading platform!
With this in mind, we give a brief description of each forex trading platform below and then make a recommendation on each, based on our best forex broker awards.
MT4 Forex Trading Platform
There’s little doubt as to why we’ve included MT4 in our best forex trading platform blog, with The MetaTrader 4 Platform known as the most popular online Forex trading terminal in the world.
The MT4 forex trading platform offers forex traders the most powerful charting experiennce in the industry, offering both choice and flexibility. Widely accepted as the benchmark in retail forex trading platforms, MT4 is by far the most popular platform for charting out there today.
The ability to customise charts using chart studies and indicators is unmatched, with literally tens of thousands of options for forex traders to choose from. This means that no matter your trading style or system, the MT4 platform has a custom charting option exactly for you.
Trading on MT4 has become as popular as it has for one simple reason: Flexibility. No matter where or when you need to access your MT4 platform, you know that you will always have your forex charts at your fingertips.
From MT4’s powerful desktop software, the WebTrader platform accessible from any web browser, all the way through to MT4’s Android and Apple mobile apps available in both app stores, you are never too far away from the market with MT4.
We have awarded our best MT4 forex broker award to ForexTime (FXTM)!
ForexTime (FXTM) – Best MT4 Forex Broker
cTrader Forex Trading Platform
The cTrader forex trading platform is believed to be one of the most innovative, sophisticated and revolutionary trading platforms available in the industry.
Designed by traders, for traders, the cTrader forex trading platform offers a user friendly interface that is highly customisable with different pre-sets and detachable charts so that it can suit the needs of any trader. Enhanced charting abilities and order management systems allow for more efficient management of your positions in fast moving markets.
cTrader enables clients to directly access your cTrader forex broker’s full range of liquidity from its liquidity providers. Accessing these liquidity providers is designed to ensure clients receive the lowest spreads and best price available in the market.
The cTrader forex trading platform’s sleek and easy to use interface allows traders of any level to take advantage of the many benefits and features the platform has to offer.
Some of the advantages of cTrader, include:
– Level II pricing
– Detachable charts
– Automated trading through a dedicated platform
– Next generation user interface and charting techniques
– Extensive back testing facilities
We have awarded our best cTrader forex broker award to OctaFX!