The developer provided this information and may update it over time. No data shared with third parties Learn more about how developers declare sharing. This app may collect these data types Personal info, App info and performance, and Device or other IDs. Data is encrypted in transit. You can request that data be deleted. The demo is good for practicing. When I tried to go live the screen is completely black. it doesn't work. I just switched to the Oanda fx trade. Love it, love it, love it.

I have quibbles about some things that can improve, but early impression is satisfying. Specifically the trailing stop loss was the reason for my switch this app.

now if you could just show me the info earier on the far right side of the chart I love what they're trying to do , but it falls short of working.

I am using the Galaxy s20 Note, and the graph will lag repeatedly, or even freeze, especially when I'm putting in an order.

Sometimes my orders don't execute for no apparent reason. There are way too many bugs that make this app unusable. Once it's fixed, this will be amazing to use.

Until then, I cannot condone using this app. flag Flag as inappropriate. eToro regularly rebalances these portfolios to ensure you are receiving the best possible portfolio. The eToro platform is user-friendly, however, it has some peculiarities that increase the learning curve. The eToro uses its own terminology, which can be confusing at first. Features one needs to learn to include how risk scores are calculated, performance since inception, and trade lot sizes.

eToro also does not provide win-loss or profit-risk ratios under the performance analysis of traders. To master the eToro platform will require more investment in time than most other platforms. Furthermore, eToro is a dedicated social trading platform, meaning less emphasis is placed on providing technical indicators and graphical tools are provided, which some traders might find limit their ability to make informed decisions. eToro hosts the best social trading platform.

The social element of eToro includes research features, news, posts and articles. The eToro platform is a hub for learning and gaining insight from traders around the world, which is invaluable for successful trading and education.

With millions of traders across the globe using eToro, the trading community is the best in its field. Traders can utilize the trading community by copying trades in real-time, reading live news feed and comments, and gaining an understanding of different strategies. As of , eToro offers 47 currency pairs along with other tradable financial instruments, including Cryptocurrencies, ETFs, commodities, indices, and shares.

eToro allows traders to access the widest variety of global share CFDs. eToro is available through the web platform as well as the mobile forex trading app. With over 10 million clients worldwide, eToro is the benchmark for social trading and also allows traders to earn rewards for clients copying their trades on a range of financial markets. eToro is registered under CySEC, FCA and ASIC. eToro is only available for cryptocurrency trading in the USA as it is currently without a CFTC license and does not offer cryptocurrency trading as part of eToro UK for regulatory reasons.

Plus is a CFD provider offering its proprietary trading platform for traders to access an array of tradable financial instruments. Clients can trade and monitor a multitude of instruments with ease as a result of the innovative Plus trading platform design. The ease with which clients can trade multiple financial products is one of the main benefits of Plus With a split-screen display and informative real-time quotes, the Plus trading platform is user-friendly, organized, and informative, enhancing the trading experience.

The other notable feature of the Plus platform is the availability of risk management. Risk management tools are important as leverage are complex instruments.

Although a renowned CFD broker and trading platform, Plus does have some drawdowns. Algorithmic and automatic trading is not available on the Plus platform.

They are also missing several key advanced analytical tools that can be found on other platforms, and are relatively limited in trading indicators, timeframes, and platform customization options.

The limit on platform customization is due to the nature of Plus being proprietary with a closed ecosystem, meaning traders will not be able to modify codes, expand add-ons, or switch brokers. Plus has a number of notable features which include:. Plus employ guaranteed negative balance protection and guaranteed stop-loss orders for traders to limit the risk they take with trading. Furthermore, Plus offers an extensive range of trade sizes, meaning different levels of risk can be taken on as seen appropriate.

As with many trading platforms, Plus offers a demo account for traders to practice with before opening a live account. The Plus demo account comes with no time limit to practice and EUR 40, or equivalent virtual currency, which automatically refills when the account drops below EUR The high-risk nature of forex and CFD trading means that demo accounts play an important role in introducing new traders to leveraged instruments without risking their capital.

As a global operator, Plus is expanded in subsidiaries known as PlusAU, PlusUK, PlusCY, and PlusSG for their regulating entity in Australia, UK, Cyprus, and Singapore, respectively.

Each may contain its own PDS, so it is suggested for new traders to be aware of this before beginning their trading journey with the relevant Plus subsidiary. The NinjaTrader trading platform is registered under NFA and is based in the USA. Since its development in , the NinjaTrader trading software has progressed a range of advanced forex charting tools.

As a trading software program, NinjaTrader is required to be connected with a market data provider to receive information on global markets. NinjaTrader is an appealing software for traders due to its real-time charting capability. Traders can customize charts with trading indicators, drawing tools, and detailed bid-ask quotes. The Market Analyser from NinjaTrader allows traders to scan forex markets and generate alerts for specific currency movements.

Traders may be limited to the choice of the broker, as NinjaTrader is only available through a handful of providers on web devices, not mobile. With fewer users and professional app developers in comparison to MetaTrader and cTrader, the trading community within NinjaTrader is relatively inferior.

As mentioned, charting and trading tools through this software are exceptional. With detailed forex trading facilities, webinars, demo account services, and the active trader program, FXCM is a very suitable broker for traders using NinjaTrader. Furthermore, FXCM offers award-winning customer service and is regulated through the UK, Australia, Canada, and the USA.

Additionally, traders based in Ireland and the UK have the option of spread betting through FXCM. Demo accounts, historical market data, third-party apps, indicators, and automated trading strategies are all available on NinjaTrader 8, offered by FXCM in As mentioned, NinjaTrader is only available through a select few brokers.

Of these brokers, FXCM is the most widely regulated and can, therefore, offer the software platform to traders around the world. Although FXCM has relatively high trader fees, their VIP account offers substantial savings and, as such, is predominantly recommended for high-volume traders. Next Generation is a powerful mobile and web trading platform offered exclusively by CMC Markets.

This award-winning trading platform is equipped with:. Next Generation offers a number of features that make it stand out compared to other platforms. These include:. Although the Next Generation is an extremely sophisticated trading platform, it does not offer social trading and automation. Furthermore, Next Generation is a proprietary trading platform, meaning it is difficult for traders to change between platforms.

CMC Markets is the exclusive provider of the Next Generation trading platform. As one of the highest-ranking forex brokers, CMC Markets offers a large range of currency pairs and CFD instruments, as well as a platform for stock trading. Next Generation has been developed as a WebTrader platform and app for Mobile and tablets using iOS and Android.

CMC Markets is renowned for its large variety of CFDs available. There are not many brokers that offer spot and forex currency pairs. While CMC Markets count both sides of the pair i. The brokers offer competitive spreads and no commissions on all major, minor, and emerging currency pairs.

When trading CFDs, CMC has the following notable features. CMC Markets also offers forex currency indices, where traders can speculate on a range of different indices with low spreads and margin rates. CMC Markets can effectively measure exchange rate indices through a trade-weighted index.

By providing this data, CMC Markets allows traders to observe the weighting of currencies depending on their use in international trade, as well as a range of percentage weightings for popular forex indices.

CMC Markets is the largest forex broker with the most currency pairs and CFD instruments on offer. With various trade size options, proven financial experience, sophisticated technology, risk management, no minimum deposit amount, and highly regarded customer service, the CMC Markets Next Generation feature is a suitable trading platform for all kinds of traders. TradingView is an advanced online platform designed for charting, social networking, and trading ideas.

The TradingView system allows traders around the globe to share and discuss ideas and trade scripts to help each other learn. TradingView is foremost a charting and networking platform, as opposed to the other traditional trading platforms explored in this review. TradingView is an exceptional platform for charting and social trading.

With various features and drawing tools on offer for the analysis of a range of CFDs, TradingView is considered a useful addition to trading resources. Traders can also use the stock screener to analyze and identify potential trades. Furthermore, all the analysis and insight can be shared through the widely used TradingView social media interface.

As mentioned, TradingView is not a traditional trading platform and is therefore predominantly limited to the charting features and social aspect it offers. Traders cannot buy or sell financial instruments without integrating the TradingView system with a trading platform through a broker. TradingView offers a free and paid subscription, with the latter only having a handful of additional features. The best broker for integration with TradingView is Oanda.

Suitable through the web, desktop, and mobile app, Oanda offers its trading platform known as TradeStation. Several features include:. Autochartist is a valuable tool that utilizes automatic chart pattern recognition software. Some key features of the software include live market screening, customizable alert signals, market volatility analysis, historical performance data, economic calendar and news, and more.

Oanda offers its clients access to the Autochartist software for free. Oanda accepts a range of deposit and withdrawal methods from both major and minor currencies, including debit card, bank transfer, cheques, and automated clearinghouse. Oanda does not require any minimum deposit amount for funding, as they do not enforce any such policy.

The advanced price technology and strong financial regulation make Oanda a trustworthy broker for TradingView integration. The platform is an easy-to-use online platform with browser-based execution. Traders can access spread betting, CFD trading and share dealing. All traders can enjoy advanced charting software solutions and have greater control over risk through sophisticated risk-management tools.

The first drawback is the missing desktop version. Other than that, the web-based platform is well suited to cover all your trading needs under all market conditions. Along with its educational resources, IG is known for its sophisticated trading tools within a large choice of trading platforms, including its core platform and specialist platforms L2 Dealer, ProRealTime, and MetaTrader 4.

Their core platform is renowned for:. Available on web, mobile, and tablet devices, the IG trading platform comes with many award-winning features and tools such as watchlists, price alerts, orders, and Autochartist. These monitoring tools can be valuable for tracking and controlling trades throughout the day. Additionally, IG provides access to Reuters News a streaming service to provide clients with news and insight , Autochartist an automated monitoring tool that can be programmed to provide chart pattern alerts , and Trading Central a technical analysis tool that updates traders on markets.

As mentioned, IG offers two account types — standard spreads but no commissions and ECN-style spreads and commissions. The analysis shows that IG offers the lowest average spreads on their standard account as compared with many other brokers.

ThinkOrSwim is a trading platform offered through TD Ameritrade that provides access to commission-free stocks, ETFs, and options. With desktop, web, and mobile compatibility, ThinkOrSwim is a cutting-edge platform designed by traders. ThinkOrSwim is equipped with up-to-date news, analysis, and a network for live streaming insight. ThinkOrSwim is designed by traders for traders. Knowing this, the platform is considered efficient and equipped with the necessary technical tools to optimize the trading experience.

Additionally, the platform is available through desktop, web, and mobile devices, meaning clients can trade on the go. The Forex Trader is the dedicated interface optimized for the foreign exchange market that has the following key features:. TD Ameritrade also combines the platform with extensive research capabilities, providing traders with education and news to enhance their trading journey. ThinkOrSwim is exclusively offered to US-based traders through TD Ameritrade.

As a lesser-known trading platform, the limited popularity restricts the level of networking and access to social trading. Furthermore, with such an overwhelming number of available tools, traders may be required to utilize more than one trading system to access these tools.

TD Ameritrade is a US-listed broker offering the ThinkOrSwim trading platform exclusively. TD Ameritrade is a suitable broker based on:. TD Ameritrade enhances trader usability on the ThinkOrSwim platform through various forms of technology for trading forex.

The desktop program, website feature, and mobile trading app are all presented with an account dashboard, balances, positions, and more. The trading platform is designed to provide traders with an easy-to-use experience and enhance their levels of trading with powerful analysis tools and real-time data. With an array of educational resources such as immersive courses, articles and videos, informative webcasts, networks, and events, TD Ameritrade is helping traders and investors grow their knowledge and experience in understanding how CFDs work.

ThinkOrSwim provided through TD Ameritrade is an efficient and cutting-edge software that allows clients to trade over desktop, web, and mobile devices.

TD Ameritrade is renowned for its exceptional investment products, interactive education, powerful tools, commission-free pricing, third-party research, accolades, and dependable support. The best MT4 broker is Pepperstone based on spreads, execution speeds and features.

Online trading can only be accessed via an electronic trading platform that a broker will supply to you. Usually, the free trading platforms will only cover the basic needs complemented by some more advanced features.

MetaTrader 4 , MetaTrader 5 and cTrader are among the most popular free trading platforms. On the other hand, a paid trading platform will cover proprietary trading tools and more complex features tailored for all trading styles. The only downside with a paid platform is that traders need to pay for the license to use the platform. Some of the most popular paid platforms are TradingView , NinjaTrader and Trade Station. The right trading platform will vary from person to person.

When selecting a platform, you need to consider your trading needs and the type of trader you are. Questions to ask include:. Overall, the best free forex trading platform is MetaTrader 4 offered through Pepperstone. With outstanding popularity, this software is the highest regarded in the foreign exchange market.

MetaTrader 4 is reliable and equipped with many necessary features, such as accurate quotes and automated trading facilities. Pepperstone is the top forex broker for the MetaTrader 4 platform due to its low spreads and fast trade execution speeds. Furthermore, Pepperstone offers a high standard of customer service and a range of educational resources to help traders achieve their trading goals. You can with a demo account as these use virtual currency however if you want to do proper trading then you will need capital.

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Pepperstone Review IC Markets Review FP Markets Review CMC Markets Plus Review eToro Review IG Review FXCM Review. Home » Best Forex Trading Platform » Free Forex Platforms. Free Forex Trading Platforms There are plenty of free forex trading platform available with online brokers, but not all are good choices. Written by Justin Grossbard Written by Justin Grossbard Co Founder.

Fact Checked We double-check broker fee details each month which is made possible through partner paid advertising. Learn more this here. Free Forex Trading Platforms Some Forex Trading Platforms Can Be Costly. These Are The Best Free Platforms: Pepperstone - MetaTrader 4 Is The Best Free Trading Platform IC Markets - MetaTrader 5 Is The Best CFD trading platform FxPro - cTrader Is The Top Choice For Scalpers eToro - eToro Platform is A Good Choice For Social Trading Plus - Plus CFD Platform Has Good Risk Management Tools FXCM - NinjaTrader Forex Platform Has Top Free Technical Analysis CMC Markets - Next Generation Is A Free Mobile App For Trading Oanda - TradingView Has The Best Forex Trading Via Web-browser IG - IG Trading Platforms Offers Good Trading Tools TD AmeriTrade - ThinkOrSwim Is The Top Free Platform In The US.

MetaTrader 4 MetaTrader 4 is the most renowned trading platform in the world of forex trading and considered the benchmark among forex traders. Source: Finance Magnates Intelligence Advantages Of MT4 MetaTrader 4 provides retail traders with a substantial range of technical and analytic tools to trade forex.

Disadvantages Of MT4 While MetaTrader 4 is generally considered the best platform in the market, there are weaknesses to note. MetaTrader 4 is designed for trading decentralized assets, this make is unsuitable for derivatives that require a central exchange such as shares. Charting and technical analysis tools: MetaTrader 4 indicators, graphical tools and time frames are solid however other platforms may offer more comprehensive tools Not compatible with Mac Catalina: MetaTrader 4 desktop product needs bit processing, meaning it is not compatible with Mac Catalina and higher, which requires bit processing.

Since MT5 was introduced, MT4 platform customer support has been phased out. Pepperstone Offers The Best MetaTrader 4 Experience. Pepperstone MT4 Spread Comparison. Commissions Per Lot Australian Dollar US Dollar British Pound The Euro Swiss Franc Canadian Dollar Singapore Dollar New Zealand Dollar Hong Kong Dollar Japanese Yen MetaTrader 4 AUD 3. Base Currency USD EUR AUD GBP. Total Fees.

Visit Broker. MetaTrader 5 MetaTrader 5 MetaQuotes successor to MetaTrader 4. Key improvements on MetaTrader 4 include: 8 new technical indicators 30 vs 38 13 new graphical tools 31 v 44 12 new time frames 9 vs 21 2 new pending order types bit processing for faster processing and more powerful backtesting Partial Order filling Most notably, MT5 is built for assets that require trading through exchanges.

Advantages Of MT5 MetaTrader 5 offers 38 technical indicators, 44 graphical tools and 21 timeframes to help you with your analysis. Perhaps the biggest benefits of MetaTrader 5 are: True multi-asset platform: MetaTrader 5 is designed for stocks, equities and commodities traded via exchange in addition to traditional over-the-counter products forex and CFDs.

Historical data: Ability to access tick data directly from the MetaTrader server. This removes the need to import tick data from external sources. Combined with the ability to support chart data storage in the MT5 server, the platform offers more accurate historic information for better technical analysis. This means the platform can perform parallel processing of tasks.

This means you can do more with the platform at one time, including faster back-testing. Depth of Market DoM : This helps you avoid low-quality trading providers that lack liquidity and get better transparency on pricing. MQL5 coding language for easier scripting of signals and EAs. Disadvantages Of MT5 A major change to the MetaTrader 5 platform is the programming language, known as MQL5. Less coding support — MQL5 is a recent language which means few libraries and resources for new coders Smaller Community MetaTrader 5 community and marketplace is much smaller than with MetaTrader 4.

Fewer 3rd Part Apps Many apps built to integrate with MetaTrader 4 may not yet have compatibility with MT5.

com: Forex Trading GAIN Capital Group, LLC. Everyone info. Harness the opportunity of FX trading with FOREX. com — the No. Take advantage of one-swipe execution, advanced charting, real-time news, performance analytics and more. com app and gain access to our news and analysis. Increasing leverage increases risk. Spot Gold and Silver contracts are not subject to regulation under the U. Commodity Exchange Act. Before deciding to trade forex, you should carefully consider your financial objectives, level of experience and risk appetite.

Any opinions, news, research, analysis, prices or other information contained does not constitute investment advice. com is a registered FDM and RFED with the CFTC and member of the National Futures Association NFA Forex trading involves significant risk of loss and is not suitable for all investors.

Spot gold and silver contracts are not subject to regulation under the U. GAIN Capital Group LLC dba FOREX. GAIN Capital Group LLC is a wholly-owned subsidiary of StoneX Group Inc. Safety starts with understanding how developers collect and share your data.

Data privacy and security practices may vary based on your use, region, and age. The developer provided this information and may update it over time. This app may share these data types with third parties Personal info, App activity and 2 others. This app may collect these data types Personal info, App activity and 2 others. Data is encrypted in transit.

You can request that data be deleted. App is buggy, full of lag, logs me out even if I set it to not log out more than every 24 hours. It locks up and starts to bug out switching from portfolio to watchlist a few times. App doesn't respond to taps when trying to close positions. Sometimes the positions just simply disappear from the chart making me think I was liquidated but I was not. I am used to very smooth and fast trading apps.

New to Forex. The whole interface needs an overhaul from the app to web trader. Super sluggish. Seriously, very slow, and locks up, doesn't retain settings, super basic charting. Won't stay logged in, etc. This is on an S22 Ultra with 12gb ram. The problem is not my phone. Honestly, it really sucks. Absolute garbage, it needs to be thrown out and start all over again.

Needs fixed immediately! We would like to assist you. You may need to delete and reinstall the app. Please contact us when you have a chance to investigate your app. Our support email is support forex. You can also call us directly at 1. Not a good product. This app frequently freezes in the middle of a buy or sell trade. It takes 4 steps to open or close a trade in any direction. The charts are slow in appearing on the screen.

A lot of useless add-ons to charts. Generic response to reviews. App speed and accuracy should be the focus of opening and closing trades. Not add-ons. Logging in is difficult 8. Selecting trade groups are difficult and slow. What a rip. Thank you for your review. We are disappointed to hear that your expectations have not been met.

We do also offer our swipe function where you can get to a trade more easily, same for watchlists. Could you please contact our client support team so we can assist you with the enquiry and information provided in your review. Keep up-to-date with all the latest upgrades and features designed to enhance your trading experience.

flag Flag as inappropriate. language Website. email Email. Vantage: Trade Smarter. Forex Trading for Beginners.

Free Forex Trading Platforms Some Forex Trading Platforms Can Be Costly. ThinkTrader offers convenient features that include multiple order closing at one-click so users can close all positions and all running positions with a single click; a single multi-device login so users can smoothly trade across all their devices; similar desktop, mobile, and tablet interface for ease of use; and powerful technical analysis tools to make finding new ways of analyzing the markets easier and faster. Trades can use multiple workspaces, watchlists, add or remove columns and so much more. No data shared with third parties Learn more about how developers declare sharing. Compatibility iPhone Requires iOS

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