Hashtag

Money

Overview of the Most Important Forex Trading Platforms

  • Written by News Company

One of the most important tools any forex trader needs is, without a doubt, the trading platform, and the features included in it could help during situations when the market volatility in high and one needs to act in a split of a second.

Since the trading platform is such an important part of the trading infrastructure, we’ve decided to make an overview on some of the most important ones and hopefully, it will help you decide on which broker you would choose. Some of the platforms mentioned are available at easymarkets.com, forex.com, or any other popular forex brokers currently in existence. However there are some who have in-house developed platforms. This Plus500 review is a good example of one that was created by the broker itself.


popular forex trading platforms

Metatrader 4

Launched in 2005 by MetaQuotes Software, the MT4 platform had enjoyed a dramatic surge in popularity and by 2008, a large number of online brokerage company had begun to offer it as an alternative to their own proprietary software.

The platform offers a wide range of analytical functions like online quotes and interactive charts with nine periods, 30 built-in technical indicators, 23 analytical objects, and many others. Even though there are 14 years since it had been launched, mt4 continues to be among the most popular platforms in the world, and it is still being used by many forex day traders.

Metatrader 5

Since September 2010, the new and enhanced Metatrader 5 went live, and by the end of 2013, the MQL4 programming language was totally revised, finally reaching MQL5. MT5 is a multi-asset platform offering a wide number of features.

It is compatible with various operating systems, including Linux and Mac OS. Another important aspect to be mentioned is that MT5 offers algorithmic trading using robots. Another built-in tool which can be very helpful is the Strategy Tester, using several techniques to find the ideal speed/quality ratio.

Proprietary platforms

Aside from MT4 and MT5, some popular brokerage companies had already developed their own proprietary platforms in order to offer a personalized trading experience to customers. They are generally structured in a different way and come with different features.

The main advantage of using proprietary platforms is that, if they are a result of a serious research and development process, they could enhance your trading experience and improve execution. In order to stimulate customers to use them, brokers generally offer access to a wider range of assets through their proprietary platforms. EasyMarkets, SaxoBank, XTB, are just a few of the companies that already put out their own platforms and the feedback they get is well-above average.


Finance

Five effective ways to manage your finances

Business people are mostly interested in running their business on a day to day basis. They would be least interested in managing unsecured business loans, or filling cash flow gaps, or finding the ...

News Company - avatar News Company

How to Cut Monthly Expenses: 5 Tricks Every Household Should Try

Being an adult comes with a lot of freedom – you can eat whenever you want, buy whatever you want, spend your free time however you want, etc. However, it also comes with one tiny downfall – eve...

Chloe Taylor - avatar Chloe Taylor

Analyzing the Forex Market

Fundamental analysis, Technical analysis, Market sentiment – considered by traders when analyzing the Forex market. There are different approaches to the Forex market. These are the ways by which t...

News Company - avatar News Company

Overview of the Most Important Forex Trading Platforms

One of the most important tools any forex trader needs is, without a doubt, the trading platform, and the features included in it could help during situations when the market volatility in high and on...

News Company - avatar News Company

Ways To Reduce Your Car Expenses

With the new year, comes new savings goals. One of the biggest budget outgoings is transport and a new Triple A study shows that the cost of getting around is increasing at twice the rate of inflati...

Advertiser Content - avatar Advertiser Content

8 tips for your business to succeed overseas in 2019

Are you looking to take your Australian business overseas in 2019? Before you start exporting your product anywhere, a global leader in international money transfers offers tips to help small-to-med...

Suka Junin - avatar Suka Junin

Health & Wellness

Why Is Multitasking Dangerous for Your Productivity and Mental Health

News Company - avatar News Company

Previously, people who were able to do several things at once were compared with the famous ancient Roman politician Julius Caesar. But now you will hardly surprise anyone with such abilities. The rhy...

Wound Dressings and Wound Care Tips

LSR Healthcare - avatar LSR Healthcare

There is an extreme amount of wound dressing available in the market and many respective ideas to keep in mind when one falls into the pit of choosing a variety of brands. The point of using dressin...

Ten Health Benefits of Honey

News Company - avatar News Company

Honey, the golden thick sweetener used in cooking, baking, and medication, etc are obtained from honeycombs. This nectar is sucked by honeybee from a flowering plant and stored in the “crop”. Th...

Common Myths about Eyeglasses You May Have Heard of

News Company - avatar News Company

At our 1001 Optical eyeglasses shop, customers often contact us when they make the first purchase of glasses in their life. During our work, we had to hear a lot of interesting misconceptions regard...