You’ve come to the right page if you’re looking for the best forex trading platforms. Here we provide a list of the most common forex brokers offering online bookings to traders worldwide.
Forex brokers offer different types of services. Some focus on one type of currency pair (for example, USD/CAD) while others specialize in multiple pairs.
You need to choose the right forex brokerage because they provide different kinds of services. They also offer different types of account options, which include margin, non-margin, and no-fee.
With AI and tech, now a platform makes choosing the right instrument easier than ever before. With cryptocurrency taking over the market, having access to all the CFDs, trading options and markets have never been so important.
If you’ve been thinking about starting trading online, here are some of the best online brokerages available today:
10 Best Online Forex Broking Platforms
With access to over 10,000 assets, the trading app lets users trade in multiple financial instruments including stocks, currencies, ETFs, and cryptocurrencies. Users can choose between three types of accounts — basic, advanced, and institutional.
Basic accounts include two trading pairs, one currency pair, and one stock pair. Advanced accounts add additional pairs. Institutional accounts give users access to the entire suite of IG’s offerings.
Recently, the company has launched a new investment manager called Smart Portfolio which manages your investments in a dynamic way. It also allows for investing in Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.
2. Saxo Bank
Saxo Bank is one of the most popular online brokers in Europe. They offer a wide range of financial products such as forex, stocks, commodities, indices, ETFs, CFDs, options, futures, and cryptocurrencies. Their website provides users with easy navigation, a user-friendly interface, and 24/7 customer support. You can start your account directly through the site.
It offers different investment opportunities for both retail and institutional investors. Its core business is providing financial products and solutions through its subsidiary companies.
The Swissquote FX broker’s multi-currency trading features include a full suite of financial instruments, including stocks, bonds, commodities, currencies, futures, options, ETFs, indices, and CFDs. It also provides an array of investment advice for both retail and institutional clients.
Swissquote Bank has been offering cryptocurrency services since 2014. They started out by adding Bitcoin to their platform but now offer services for Ethereum, Litecoin, Ripple, and others too.
eToro is a social media platform for traders. The company has diversified its options with trading and recently launched an eToroSocialOpenBook platform. This has the “Copy-trading” feature which lets you watch and track the other top traders on eToro. eToro offers multiple ways to invest including buying and selling stocks online.
You can also copy-trade in multiple forms where you may also buy and sell shares online.
The social network for investors on eToro has an extensive guide to help you get started investing. It includes over 1000 trading tools, from CFDs (contracts for difference) on the latest cryptocurrencies like bitcoin, ether, lite coin, ripple, dash, and more.
A leader in the forex trading business, FxPro is among the most recognized names in the retail FX marketplace. The firm has successfully met more than 150 million orders providing multiple trading platforms across the spots Forex, shares, indices, and commodities.
FxPro now additionally provides the choice to trade on precious metals, energy contracts, and future markets. You can even gain entry to FxPro at various third-parties trading applications.
It’s an excellent choice for doing your day-to-day online trading. The company has clients from across more than 150 different nations worldwide.
6. CMC Markets
With around three decades worth of experience, CMC Markets has grown into one of the largest forex trading platforms in the world. The company provides a variety of tools to help traders make trades. Its flagship product is the next-generation trading platform (NGTP) that allows users to place trades from their mobile phones.
CMC Markets also provides access to various financial products such as stocks, bonds, futures, foreign exchange, and more.
It’s currently available on Google Play and Apple iTunes stores. More than 60,000 companies use its services globally.
The FOREX.COM online currency exchange has grown into one of the largest financial markets in the global market. With more than 200,000 offerings in major asset classes including stocks, bonds, commodities, currencies, futures, forex, ETFs, indices, mutual funds, options, precious metals, and stock indexes, FOREX.COM provides an easy way for investors to trade any type of investment. In addition, FOREX.COM has expanded into the cryptocurrency market where users can buy and sell bitcoin, Ethereum, lite coin, ripple, dash, mon ero, cash, and Dogecoin.
Now, the platform offers current economic news, financial market analysis, and technical analysis with various trading features in the PRO version.
8. Interactive Brokers
With over 40 years of industry expertise, Interactive Brokers is an old-school trading firm that provides traders with access to multiple asset classes including currencies, equities, commodities, and indices.
Its low fees and a wide array of trading instruments make it attractive to both seasoned investors and novices alike.
The company has developed an algorithmic approach to stock market investing. It also allows traders to use cryptocurrencies like bitcoin.
Originally founded as an online trading platform, Dukascope was later transformed into a full-service financial services provider in 2004. Today, it operates as a global investment firm providing forex and CFDs on its platform.
Its flagship product is Dukascopy Bank which provides clients with a range of banking products and services including retail banking, corporate banking, wealth management, asset management, and private banking.
The JForex platform suite includes a technical analysis tool for traders who want to analyze market movements using their smartphones or tablets.
10. TD Ameritrade
Trading platforms offer various types of financial instruments such as stocks, bonds, commodities, currencies, ETFs, mutual funds, indices, CFDs, and cryptocurrencies. These can be traded electronically through electronic trading systems (ETS).
Electronic trading systems allow traders to execute trades quickly and efficiently without having to go through intermediaries and brokers. Traders can also make money by buying low and selling high.
The parent company has also invested heavily to improve the technology behind the app and provide a better user experience.
Read: Best Ways to Make Easy & Quick Money
Here we’ve listed some of the top online brokerages offering the best of foreign exchange with options for online forex trade and access to multiple markets
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