Trading forex is a complicated activity. Make sure that you’re on the best trading platform to maximize profits! We’ve looked and had experts trade and work on all of the standard platforms across the industry and we’ve compiled their most recommended 5!
IG has been in the forex business for over 40 years. IG offers forex, stocks, indices, commodities, crypto, bonds, and other investment vehicles on a variety of web and mobile platforms. Based on trading revenue, IG is the largest CFD dealer and they have the largest number of active spread accounts in the United Kingdom. In Feburary 2019, IG reopened their doors to United States based clients. With almost 200,000 clients worldwide IG offers one of the most comprehensive forex trading platforms in the world!
CMC Markets offers a great array of competitively priced investment products. The wider and larger the investment the more competitive the spread on the investment. Institutional or larger accounts receive special perks such as rebates and an API for automated investments. However, institutional and retail investors alike receive stop losses, bank wires, and other great features such as their great array of charting features .
OANDA is the earliest offering for retail forex investors. OANDA was founded by academics and has grown to become one of the largest platforms supporting investors worldwide from countries such as the United States, Canada, Australia, United Kingdom and even Singapore. They've even partnered with some of the worlds premier brands such as Google, Airbnb, Deloitte, Tesla, and Twitter.
London Capital Group (LCG)
LCG provides access to investment instruments across several different spectrums including forex but also index funds, government bonds, crypto, commodities, and equities. They take no commission on trades and offer great spreads. Additionally they have stop gap losses and other protections so that investors can't ever lose more money than they actually have.
X-Trade Brokers (XTB)
Similarly with many of other players listed, XTB offers forex, crypto, and a variety of investment options The company is regulated in the UK and registered with the Financial Conduct Authority. XTB's metrics such as commission, account maintenance costs, transfer costs, spread, etc were all inline with industry averages. However, they offer xStation 5 and MetaTrader 4 for both desktop and mobile and often have very reasonable spread on their forex products in particular.