Since technology took off most forex trading is done with online trading platforms.
It is important for every person that enters the forex trading world to have a platform that is provided by a trusted broker so that he can trade with ease.
With all the trading platforms around, finding a good trading platform can be a real headache, If you are thinking of starting your career as a forex trader you might need to select an excellent trading platform.
Don’t worry because we will make the selection easier for you by discussing five different trading platforms so that you can decide which one to go with as per your needs.
Why is it important to trade with regulated brokers?
Having a trustworthy and regulated broker is very important for any trader that steps into the forex trading world.
Trading forex with a platform that is not trusted can be the biggest mistake a person can make, because any platform that is not trusted can steal your money and pull out a bunch of different scams on you.
A regulated broker is registered with the government and other such financial institutes that will make sure that no scam will be done by the brokers.
A regulated trading platform will provide you with every necessary information that is required for trading, it will also provide excellent customer service and even sometimes educate you about trading.
Before you choose any broker, it is very important for you to research thoroughly about that broker and also check their license status and other necessary documents before committing funds in their accounts.
Our Top 5 Trading Platforms –
Plus500 Ltd is a company with its headquarters situated in Israel, with operating subsidiaries in the United Kingdom – Plus500UK Ltd, Cyprus – Plus500CY Ltd, Australia – Plus500AU Ltd, Singapore – Plus500SG Pte Ltd.
This CFD platform provides more than 2000 CFD instruments for trading. This platform gives its traders access to various markets, including shares, indices, forex, cryptocurrencies(Availability subject to regulation.), ETFs, commodities, and options.
In addition to it, this CFD platform offers an online trading platform that supports 30 countries and 30 different languages.
This CFD platform is a commission-free trading platform. It does not charge any commission when trading with plus 500. There are certain situations where trading fees will be charged as if you trade overnight, then plus 500 will charged fees dependent upon your instruments.
Plus500’s subsidiaries are authorized and regulated in the jurisdictions in which they operate, and comply with all client money rules which mean funds are not used for hedging or other purposes.
Axiory believes that they are a broker that traders can lean on which means that trust is one of their main qualities. Their mission is to create a path of success for their traders and build a trading space that adds value to every trader and provide them with a network that builds long lasting relationships.
Building an account on the Axiory platform is very easy and can be made in ten minutes, the company claims to keep spreads tight and their commissions low and also provides excellent funds security and keep a check and balance of your accounts alongside these things Axiory also provides with excellent customer service.
The platform provides the latest market news, Axiory also has a trading academy where you can learn trading from trained professionals before you enter the forex trading world.
Importance of Trading with Regulated Brokers
Axiory starts its organization to provide transparent trading to its user, and it proved it. Last year in 2020, Axiory was awarded as the
Most Transparent Broker – 2020 by International Investor Awards.
Along with this award, the list of other awards won by Axiory is as under,
- Best Customer-Centric Broker
- Excellent in Customer Service
- CEO of Axiory Roberto d’Ambrosio won the award of Best CEO in the Forex Brokerage Industry by Business Worldwide CEO awards 2020
It is just a small section of awards of Axiory. The only reason to mention the number of awards won by Axiory broker in this review article is to make you believe in the reputation of the broker.
fp markets was founded in 2005 in Australia and is regulated by the ASIC. Over the years, they have grown to become one of the best trading platforms 2021. The company vision was to create a superior forex trading platform where traders could access a full suite of products. The key reason that traders choose fp markets is because you can trade Forex, shares, indices, commodities and crypto currency all from the same account. Fp markets claims to provide the tightest spreads in the industry. The platform has an award-winning speed and has no price manipulation. The platform is most suitable for active traders and traders with high balance accounts.
Admiral markets was founded in 2001 and is licensed by the EFSA, CYSEC, AFSL and MiFID. Admiral markets claim that their priority is to help their traders make better decisions, which is the reason they conduct educational webinars and seminars and they also publish books in different languages. The company provides support via phone and live chat, the company makes sure to provide the best security and minimum latency. Admiral markets considered average risk with a trust score of 83, the company provides additional tools that help the trader to make better decisions by analyzing the markets better.
Hot forex was founded in 2010 and since then it has grown to be one of the biggest in the game. The platform supports around 27 languages. The company has a policy of providing the best conditions for their traders and thus provides tight spreads, flexible leverage and excellent transparency. The company provides the traders with multiple account types and also gives their traders the option to choose from a variety of platforms like MT4, MT5 and Rapid Trader API. The company provides remarkable security and transactions are only done through major banks and are audited by Deloitte. Hot forex also provides their traders with a bunch of additional tools that helps them better analyze the markets and thus make better trade decisions.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.