Information flows freely on the web in the current age. People involved in different professions can be able to search and access information that might be of use to them right from the web.
Today, there are over 316,000 financial advisors available for traders. The information accessibility has transformed the forex sector in a big way. Many people use the web to compare between the different trading platforms in a quest to find out which is the best. Every year, a couple of new platforms hit the market. Let us look at the best 5 forex trading platforms in the current year 2019.
1. MetaTrader 4 (MT4)
MT4 is the most popular trading platform. It is unquestionably the best forex trading software in the market. The platform is at the top in yet another year for the same reasons that it has been at the helm for so long. This platform is comprehensive and it gives forex traders sufficient tools to work with. There are many things that make MT4 so good. Of the many advantages of MT4, some of its iconic benefits include:
- Access to thousands of robots that perform various functions
- The inclusion of technical indicators and charts in the financial analysis process
- Customizable charts that work with different trading systems
cTrader is another excellent choice for forex trading. The platform comes with many features but some of its key strengths include the beautiful interface that makes it easy for traders to work with it. This platform also comes with plenty of charts which can be customized in various ways. It is a great choice when it comes to giving traders versatile access to trading options. The key benefits of cTrader include:
- Includes detachable charts
- It comes with backtesting capability
- User-friendly and features auto-trading
3. Trade Interceptor
Trade Interceptor is one of the platforms that have not been around for long but have still grown immensely in popularity. The platform was conceptualized in New Zealand. Nowadays though, it is available in multiple markets. This platform has the ability to work with evolving trading patterns. It includes AI systems that continually work with market dynamics. Of the many benefits that Trade Interceptor has, the following are the notable ones:
- Features split-screen chart views
- It has hundreds of notifications
- Has a decent number of charts, drawing tools and indicators
4. Trading Station (FXCM)
FXCM is a very popular platform that needs no introduction to seasoned traders. This platform is one of those that have a versatile platform that accommodates different kinds of needs. The platform has several trading methods and it is available in desktop, web and mobile platforms. All the three different platforms where it operates are connected seamlessly with the different tools it includes. The platform is one of the few that have designed some excellent applications for mobile phones. With this platform, users are able to enjoy features like:
- Great flexibility and customizability
- Advanced backtesting
- Access to numerous trading strategies
5. Advantage Trader (Forex.com)
Finally, Advantage Trader is a platform that enjoys a rightful spot in the top five best trading platforms of the year. This platform is well-known for its inclusion of sophisticated tools that aid traders in identified different signals in the market. The customizability of this platform is also unmatched. With dozens of technical indicators being included in the platform, traders will rarely switch from this program to another during the trade. Various trading strategies are also baked into the program. Some of the key advantages of Advantage Trader (Forex.com) include:
- Direct trading from the charts
- Customizable trading indicators and systems.
- Auto-trading and access to the market for 24 hours
It has been observed by experts that more than half of the traders in the market underperform because of high costs among other things. In a market where the completion with time is stiff, it is important to choose the right kind of tools that will not waste your resources. One of the best tools you can choose is the trading platform. The above platforms are the best you can find in 2019. Going with either of them is a sure way of bringing trading success closer to home.