The 3 Best Forex Trading Platforms.
Latest Update November 11, 2015.
Top forex brokers excel in a variety of areas like trade execution, real-time access to prices and charts, and educational resources. Most brokers have several platforms, including those that are highly specific for automated and algorithmic trading. Some of the largest factors that come into play when selecting a forex trading platform are your individual trading style and experience level. Well-rounded forex platforms will have the most flexible solutions that enable you to trade and manage risk from any computer or mobile device.
Thinkorswim, part of TD Ameritrade, delivers the most advanced forex trading platform on the market. They conveniently enable you to trade forex, stocks, futures, and options all from one account. Through this platform, thinkorswim brings professional-grade charting and analysis packages, and places them in the hands of retail clients. These powerful tools are accessed through a desktop application or web application that is compatible with Windows or Mac, and highly rated mobile apps for iPhone, iPad and Android.
Forex combines one of the most customizable forex trading platforms with one of the most complete mobile solutions, enabling you to trade how you want, when you want. The FOREXtrader Pro platform comes with a partner app store, Tradable, so users can customize every part of their trading experience one app at a time. Use automated trading apps to build strategies, or use the Margin Alert app to receive alerts when you’re getting close to a margin call. The mobile platform for iPhone, iPad, and Android doesn’t skimp on features either, containing a host of complex order types and a portal to access education to increase your forex knowledge from anywhere.
MB Trading tailors to various expertise levels, offering multiple platforms for the professional trader and several others for those who are intermediate and novice. Deskop Pro and MetaTrader 4 are dedicated, Windows-based platforms targeting more advanced traders. MBT Web and MBT Mac are web-based platforms for more intermediate or beginner traders that can be accessed through any browser. All platforms have highly customizable interfaces and powerful analytical tools to take your trading to the next level. If you need to trade more than forex, try out the Lightwave platform, which also powers stock, futures, and options trades from one account.
We find the best of everything. How? We start with the world. We narrow down our list with expert insight and cut anything that doesn't meet our standards. We hand-test the finalists. Then, we name our top picks.

Forex Trading Reviews.
The Best Forex Trading.
We gathered a list of 65 forex trading brokers and reviewed 8 of the best forex brokers based on 86 different forex trading features.
Editor's Choice.
All Reviews.
Choosing the best forex broker for you.
The 3 Best U. S. Forex Brokers.
The 2 Best ECN Forex Brokers.
The 3 Best Forex Trading Platforms.
What forex trading features matter and why.
Account and Portfolio.
Account and Portfolio Information refers to the data and display options associated with the financial account and transaction information of a forex account. All of the best forex brokers will update account information in real time, display account balances, and provide history reports and statements. While Account and Portfolio Information is relatively important, it’s safe to assume that most forex brokers offer the most important features. An investor who requires specific portfolio reporting features may want to take a harder look at the features in this category.
Most important account and portfolio features.
Account History Reports – You can create reports or view statements of your portfolio or account information. Download Statements – You can download your account statements. Export Data – You can export your portfolio or account data. Gain/Loss – You can run gain and loss reports for tax planning. Order Status and Balance – You can quickly view your current trading positions, open orders, and account balance. Real-Time Updates – Your account balances update in real time.
Cross Currency Pairs.
Cross Currency Pairs includes secondary currencies traded against each other and not against the U. S. dollar. Examples include EUR/JPY, EUR/GBP, and CAD/JPY. This category represents another set of highly traded currency pairs that most reputable brokers offer. The Cross Currency Pairs category is especially important for a forex trading account denominated in a currency other than the U. S. dollar, or for more advanced traders exploiting discrepancies between other economies.
Most important cross currency pair features.
AUD/JPY – The broker offers trading in the Australian Dollar vs. Japanese Yen currency pair. CAD/JPY – The broker offers trading in the Canadian Dollar vs. Japanese Yen currency pair. CHF/JPY – The broker offers trading in the Swiss Franc vs. Japanese Yen currency pair. EUR/AUD – The broker offers trading in the Euro vs. Australian Dollar currency pair. EUR/CHF – The broker offers trading in the Euro vs. Swiss Franc currency pair. EUR/GBP – The broker offers trading in the Euro vs. British Pound currency pair. EUR/JPY – The broker offers trading in the Euro vs. Japanese Yen currency pair. GBP/CHF – The broker offers trading in the British Pound vs. Swiss Franc currency pair.
Major Currency Pairs.
Major Currency Pairs are the most important, most traded worldwide currency pairs available through a forex broker. These pairs consist of currencies from the world’s most developed economies including Europe, Japan, Canada, and Australia. A major currency pair is created when one of these currencies is traded against the U. S. dollar. Examples include EUR/USD and USD/CAD. Major Currency Pairs is an important category because these pairs represent the most heavily traded and liquid currency markets in forex trading.
Most important major currency pair features.
AUD/USD – The broker offers trading in the Australian Dollar vs. the US Dollar currency pair. EUR/USD – The broker offers trading in the Euro vs. US Dollar currency pair. GBP/USD – The broker offers trading in the British Pound vs. US Dollar currency pair. NZD/USD – The broker offers trading in the New Zealand Dollar vs. the US Dollar currency pair. USD/CAD – The broker offers trading in the US Dollar vs. Canadian Dollar currency pair. USD/CHF – The broker offers trading in the US Dollar vs. Swiss Franc currency pair. USD/JPY – The broker offers trading in the US Dollar vs. Japanese Yen currency pair.
Trading Technology.
Trading Technology encompasses all technology that enables the execution of a trade as well as tools to simplify trading or execute advanced strategies. The Trading Technology category includes a spectrum of features, from alerts and real-time quotes to the more advanced features such as automated trading and conditional orders. Trading Technology is one of the most important categories when considering a forex broker because the ability to execute a chosen strategy is highly important when forex trading.
Most important trading technology features.
Alerts – You can set up personalized alerts for your portfolio. Automated Trading – You can place trades by setting automated triggers. Conditional Orders – You can place orders that, when executed, immediately triggers or cancels another order. Customizable Interface – Layout and features of the trading platform can be customized and changed. In Chart Trading – You can use the charting tools to actually place trades. Real-time Charts – Real-time updating charting tools are available through the broker. Real-time Quotes – Up-to-date price quotes are available in real time.
Customer Service and Support.
Customer Service and Support is the availability of the forex broker’s support channels. The forex brokers with the best support are available during all trading hours through multiple channels including live chat, , and phone. Some of the top forex brokers also have retail locations where you can speak to someone in person. Support especially matters for online forex trading because forex markets trade around the clock, necessitating access to support at all hours.
Most important customer service and support features.
– You may access customer support by . Live Chat – You may access customer support by live chat. Phone – You may access customer support by phone. Trading Hours Support – You may access customer support during the majority of trading hours.
Mobile Trading.
Mobile Trading is the ability to access a trading account using a mobile device. Mobile Trading encompasses the availability of dedicated apps for a variety of devices, the functionality of the features within the mobile app, and how users have rated the application. Mobile trading continues to grow in importance as the quality of applications improves to meet the demand for high-performance, on-the-go trading tools.
Most important mobile trading features.
Android – The broker provides an app for Android devices. BlackBerry – The broker provides an app for BlackBerry devices. Create Alerts – You can create alerts with one or more of the mobile trading applications. Favorable App Store Reviews – Three or more stars have been awarded to the broker’s iPhone app from users in the Apple App Store or Google Play. iPad – The broker provides an app for the iPad. iPhone – The broker provides an app for the iPhone. Mobile Research – Research features are available using one of the mobile applications. Mobile Website – The broker offers a separate mobile website for accessing your account from a mobile web browser. Place Trades – You can place trades using your mobile device. Portfolio Tracking – You can track your portfolio using a mobile device. Streaming Quotes – Streaming quotes on mobile devices are available.
Research is the resources that a forex broker provides to their clients to help them make decisions and understand market activity. The research provided by the best forex brokers include advanced charting capabilities, third-party research, research reports, and market commentary. Forex trading can be highly computer driven, and some forex brokers offer traders access to historical data so they can back-test strategies before allocating real money. Research is an important category for traders who are looking for assistance in making decisions as well as independent traders who are seeking confirmation on a trade or a second opinion. Some of the more self-directed brokers offer less research amenities because they cater to more advanced traders who pay for third-party research.
Most important research features.
Charts – You have access to charts so you can conduct research on investment products. Historical Data – The broker gives you acess to historical exchange rate data. Market Commentary – You have access to market commentary from outside experts. News – You have access to daily market news and updates from third party services. Research Reports – The broker provides you with various research reports.
Trading Platforms.
Trading Platforms covers the different software platforms available for forex trading provided by the broker. Trading Platforms can differ based on a trader’s needs and are often categorized as a standard or professional platform. Additional platforms include mobile platforms to execute trades on the go and virtual platforms to test strategies without risking money. Trading Platforms is an important category if a trader is looking for a forex broker that can meet the trader’s needs as they change.
Most important trading platform features.
Mobile – The broker offers a platform to execute trades on a mobile device. Professional – The broker offers multiple platform levels including a professional platform. Standard – The broker offers multiple platform levels including a standard platform. Virtual Trading – The broker offers a virtual account for customers to practice trading without risking any actual money.
Introductory Offers.
Forex brokers often offer promotions to attract a prospective customer. Examples of incentives include introductory offers for opening an account and customer referral programs. Others offer free trading demos so traders can practice forex trading before committing to the broker. Incentives aren’t considered very important because they’re generally not related to the actual services of the broker, but it can be nice for some customers to be aware of the potential bonuses as they make a decision between two forex brokers.
Most important introductory offer features.
Free Demo – You can access a free trading demo so you can try one of the trading platforms. Referral Program – You can be rewarded for referring a friend to the broker. Special Offer – Special offers for new traders who open an account are available.
Other Investment Products.
Other Investment Products consists of other investment products a forex broker makes available for someone to trade. Other Investment Products include stocks, futures, options, and CFDs. This is a less important category because most forex traders are highly specialized, but it can be a more important category for professional traders with expertise across multiple products.
Most common investment products.
CFDs – The broker provides other instruments settled as Contract for Difference Futures – The broker provides trading of some futures products. Options – The broker provides trading of some options products. Stocks – The broker provides trading of some stocks.
Trading Education.
Education is all of the resources an online forex broker provides to help their clients learn about forex trading and navigating the platform. A forex broker that excels in the Training Education category regularly offers webinars and videos so traders can advance quickly, learn new concepts in forex trading, and easily get accustomed to the broker’s platform. Additionally, the best forex brokers provide a superb trading community to facilitate the exchange of trading ideas. Education is less important to an advanced investor, but a beginner benefits greatly from the courses and webinars offered by most forex brokers.
Most important trading education features.
Courses – You can access educational trading or investment courses from the broker. Glossary – A glossary of important investment terms is provided by the broker. Live Seminars – You can attend live in-person seminars around the country from the broker. Trader Community – You have access to an online community to have discussions and share advice with other traders. Videos – You can view training videos on the broker’s platform. Webinars – Webinars are available to help you learn about investment products.
All Forex Trading Reviews.
We find the best of everything. How? We start with the world. We narrow down our list with expert insight and cut anything that doesn't meet our standards. We hand-test the finalists. Then, we name our top picks.

Online forex trading platform reviews

14 day demo. Up to $1,000,000 virtual balance.
Now, we don’t deny that this is a forex broker that has plenty of tools, but just be warned that the administration that is involved in trying to start trading with this company is burdensome. Personally speaking, we found it too heavy and went elsewhere. This broker will suit advanced traders who are prepared to do the necessary paperwork in order to sign up for an approved account.
You´ll need to fax or send alot of ID documents to trade here, but in terms of tools and platforms (for the iPhone, iPod, Android, desktop software, etc) they are good. And if you are looking for ultra-tight spreads, Dukascopy uses real-time interbank rates with spreads like 0.5 – 1 pip on the major currency pairs such as EUR/USD. For more experienced, higher volume traders, Dukascopy is an option. Intermediate brokers might want to start off elsewhere.
The news feeds are unmatched in the markets, and the range of trading platforms is impressive (smartphones, tablets, desktops, MT4, browser apps are all covered). Unless you still use an 80′s Motorola Brick phone, you’ll be covered. In 2010 Dukascopy was authorized by the Swiss Financial Market Supervisory Authority FINMA to conduct banking activities (Dukascopy Bank SA): so it´s now a Swiss bank.
Highly regulated trading environment Multiple platforms & channels - trade online, on your mobile, over the phone. Excellent apps for iPhone, iPad, Android etc Also Web Browser, Desktop app, MT4 Your money will be in a Swiss bank – open accounts in the following currencies: USD, CHF, EUR, GBP, JPY, CAD, AUD Automated trading available on JForex system SMS notification - up to 20 free per month 24hr trade desk support Low spreads.
(EUR/USD 0.5 – 1 pip, GBP/USD 1-2 pips) Java and desktop platforms Powerful charting Stop loss orders available Real time Interbank rates Fast execution times They also run a PDA/mobile market update site Leverage to 1:200 Extensive news service, including Dukascopy Forex TV, FX market signals, daily forex market reports, Movers & Shakers, Pivot Levels and SWFX Sentiment Index. Competitions: eg Trader of The Year Fund your account through wire transfer, Visa, Mastercard, Maestro, Visa Electron etc.
Very long winded authorisation process They do charge commision (From $5 to $46 per $1,000,000 traded) depending on your account balance (net deposit) You will need to send certified documents (passport copy, utility bill) before you can trade - all standard Swiss regulation, but on the heavy side No deposit bonuses.
If you are new to forex trading, then Dukascopy is probably not for you, but if you have been trading for 6 months or so, or are a more experienced trader, and you don’t mind the paperwork involved in getting going they are an option.
Detailed Spread Information: Spreads as low as 0.5 pips.

Forex Brokers.
Are you looking for a better place to open your trades? Whether you're a beginner or experienced trader, our reviews and broker listings can help you find the best platforms to trade with.
We only list brokers that are trusted, well regulated and offer competitive spreads, bonuses and trading conditions.
The Best Forex Brokers + Trading Platforms.
Free forex signals + market research Online education and webinars Fee free withdrawals and deposits.
The leading Social Trading platform with 4.5m traders Follow other traders or be a leader and earn Personal service and VIP perks.
Trusted, regulated broker with 10 yrs experience Multi award winning company Segregated accounts with leading banks.
+50% Deposit Bonus (ex-EU only)
Free Guaranteed Stop Loss Segregated funds at top tier banks Fixed spreads & negative balance protection.
+ Cash rebates on trades.
World class trading platform Expert market analysis FCA Regulated and traded on the LSE.
Choice of four professional trading platforms Trusted & Secure: FCA authorised and regulated Choice of Forex, CFDs, Spread Betting and Binary Options.
+ Up to £6000 on deposits.
No commissions and low spreads Advanced trading tools Minimal account fees.
1st month commission bonus.
Low cost trading with tight, fixed spreads Loyalty rewards: Earn cashback as you trade Choose Forex, CFDs or spread betting.
+100% on every deposit.
Split second execution No requotes Range of accounts.
+55% Deposit Bonus.
'Asia's top broker' Wide choice of leverage options.
+40% Deposit Bonus.
Generous Cashback Rewards for every trade Leverage the wisdom of the crowds to inform your positions Fast, simple signup.
Instant fund withdrawals - no commissions Tight spreads from 0.1 points Unlimited leverage.
24 hr Live Support Fully Regulated and Licenced EU Broker User - friendly trading platform.
8 Trading Platforms Spreads from 0.1 Pips $0 fees on deposits.
Deposit Bonus + Cashback.
Trusted by 100,000s of traders Fully licensed in the EU by CySec Tight spreads and fast withdrawals.
0.0 pip spread pro accounts Instant deposit.
How to choose a forex broker.
Regulation in the forex market.
In the US, a reputable forex broker will be a member of the National Futures Association and will be registered with the U. S. Commodity Futures Trading Commission as a Futures Commission Merchant and Retail Foreign Exchange Dealer.
A broker that is a member of the National Futures Association and subject to CFTC regulations will state this and its NFA member number on its website, typically in the "about us" section and on each web page.
In the UK, brokers are regulated by the Financial Conduct Authority (FCA). In other countries, there is a specific regulator responsible for forex brokers. Any platform should have a legal indication of being regulated by such an authority, in the interest of protecting your deposit.
The offer of each broker may differ in terms of leverage and margin.
Forex brokers will offer a variety of leverage amounts depending on the broker, such as 50:1 or 200:1. The ability to select the leverage a trader desires enable better control of risk.
Different brokers may also offer different commissions and spreads.
A broker that uses commissions may charge a specified percentage of the spread, the difference between the bid and ask price of the forex pair.
However, most brokers advertise that they charge no commissions, and instead make their money with wider spreads. The wider the spread, then, the more difficult it can be to make a profit.
Popular trading pairs, such as the EUR/USD and GBP/USD will typically have tighter spreads than the more thinly-traded pairs. A trader should compare spreads on the pairs the trader prefers to trade from broker to broker.
Different brokers also offer different terms for deposits and withdrawals.
Each forex broker has specific account withdrawal and funding policies. Brokers may allow account holders to fund accounts online with a credit card, via ACH payment or via PayPal, or with a wire transfer, bank check or business or personal check. Withdrawals can typically be made by check or by wire transfer. The broker may charge a fee for either service.
The offer of currency pairs can also vary from broker to broker. Many brokers offer only the majors, and then a few minor pairs. There are, however, a great deal of less-traded pairs that merit attention, and it may be worth finding a broker who offers a great variety.
Ease of use of the trading platform is another important offer from a broker. The platform should be easy to use, visually pleasing, and have all the tools that the trader likes to use.
The trader should have no difficulty working with the platform so that there are no mistakes when trading.
One other factor that may affect your choice of a broker is customer service.
This can vary wildly from one broker to another. Trading forex is a 24-hour activity, so your broker should certainly offer full-time customer service. There should also be rapid intervention if you have a problem making a withdrawal of funds – one typical problem with forex platforms is that it can awkward trying to get your profits out.
Your platform should have a consistent withdrawal policy and, if something goes wrong, customer service should intervene without delay or any issues.
Similarly, if there is a trading problem – that is, if the trading software malfunctions – your customer service should unwind the trade for you without any questions.
Can you trust user reviews of forex brokers?
We have debated adding a review section to each of our broker pages, but in researching other forex site a trend is clear: many bad experiences of trading with a particular company come down to naivety or inexperience with trading markets. It is easy for people who have been sold a 'make money online' dream to feel scammed if they very quickly lose their capital - but is this the fault of the trader, the broker or the website or mailing list who sold them on the dream to begin with?
Likewise, due to the vast sums moving through the financial markets each day, it is not hard to find suspect reviews, either absurdly positive ratings that suggest they were written by a member of staff from a small time broker, or aggressively negative posts that appear to be an attempt by unscrupulous brokers to smear their competitors.
In short, it's a mess. So what is a trader to do when evaluating a platform?
In our view one of the best steps you can take is to choose a broker that is regulated by a organisation that actually has teeth. While the UK's old regulator, the FSA, used to take a lax approach to regulation, in recent years they have taken a particularly hard line with brokers. This may mean a more laborious sign up process, as they must now meet stringent money laundering requirements - but in turn it means they, and the partners that advertise them, are strictly limited in the claims they can make so you know you're not being oversold. They must also meet much tighter licensing and accounting procedures so you know your money is safe.
Use our broker comparison list and make your own opinions.
To choose between the regulated brokers, we suggest taking a good look at the spreads they offer and the quality of their trading software. Sign up for a demo account or take a no-deposit deal and test the waters - can you see yourself using this platform every day? Is it responsive to your trades, or do you witness slippage in placing or closing your positions?
Compare the pros and cons of each trading platform, and make an informed choice as to whether a better platform is worth paying higher fees for - or indeed, if a simplified interface or features such as social trading are worth paying a premium for. We only list forex brokers we feel meet an exacting criteria, but your priorities may differ - make sure to explore each broker in full rather than opting for the company with the biggest welcome bonus.
Featured Brokers.
Featured Brokers.
TOP FOREX BONUSES.
Risk Warning.
Your capital is at risk. Trading in Forex and Contracts for Difference (CFDs) is highly speculative and involves a significant risk of loss. The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. This website is provided for informational purposes only and in no way constitutes financial advice. A featured listing does not constitute a recommendation or endorsement.
Forex Brokers.
About ForexTradingpany.
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