Forex Trading Platforms

When considering Forex trading platforms, there are many examples to go through, each with different characteristics.

A forex trading platform is a software interface that a broker provides to its clients to give them access to the forex market. It can be an online web portal, a mobile app, a standalone downloadable program, or any combination of the three. The platform may provide research, trading, and processing tools.

Forex trading platforms provide traders with the tools to execute buy and sell orders in the currency markets. Some forex brokers offer their own custom trading platforms for order processing and research, but many offer access to orders through integrated research and trading programs.

Most Forex trading platforms allow traders to open a demo account before creating a real account. Testing different Forex trading platforms during a trial period can help a trader decide which one best suits their trading needs.

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Forex Trading Platforms: What Is the Forex Market?

Forex means foreign exchange; it is also known as the currency market because it is the market where international currencies are bought and sold. It is the world’s largest financial market:

More than $500,000 is negotiated in this market every day. This amount is greater than the sum of all markets in the world.

The main currencies are: EUR, USD, JPY, GBP and CHF. The US dollar is at the top of the list and is often used as a benchmark for other currencies.

Different currencies are constantly fluctuating against each other in the currency market. They depend on the laws of supply and demand, imports and exports, and inflation and deflation.

On the other hand, the political situation in the country or the psychology of the market can also play a decisive role. There are many variables that determine the rate or exchange rate of a currency; That is, the price of one currency relative to another.

Ultimately, the health of each economy will determine whether these exchanges are advantageous in international transactions.

What Are Currencies Used For?

Currencies are used in international trade to exchange goods and services between countries that use a commonly accepted international reference currency, such as the US dollar, the Euro, the Japanese yen, or the British pound.

When a small country needs to buy a good or service abroad, it has to pay in the currency accepted by the other country, generally American dollars. Currently, without American dollars, it is difficult to buy anything in other countries.

Countries under sanctions are effectively barred from international trade because they cannot use the US dollar as currency, or currency of payment and must find customers willing to accept payments in other currencies.

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Forex Trading Platforms: What Are the Characteristics of The Foreign Exchange Market?

The Forex market is another option when investing and/or thinking because it is a different market and things work differently from other markets. Knowing the characteristics of this market can help you determine if this market adapts to your needs.

The currency market is unique due to its important characteristics:

  • Number of transactions.
  • The high liquidity of the market is an important factor in trade and the Forex market is considered the most liquid market in the world. This occurs mainly when financial markets are open (London, New York, and Tokyo).
  • Large number and variety of participants.
  • Its geographical distribution.
  • Each currency is associated with the country it represents. Therefore, currency changes are related to the laws of the respective countries, especially monetary laws.
  • Being a very liquid market and where a lot of money is negotiated, it is very difficult to manipulate.
  • It works 24 hours a day (except weekends).
  • Different factors make up exchange rates.

Forex Trading Platforms: What Is Trading?

Trading refers to the purchase and sale of listed assets (shares, currencies and futures) with significant market liquidity. It is a regulated electronic market and increasingly accessible, since it only requires the use of “brokers” that provide the technological platform to carry out business.

When a company buys a product from a company in another country in a currency other than its own, it goes to the exchange market to obtain foreign currency. The foreign exchange ( forex ) market has many advantages that many day traders enjoy.

The foreign exchange market is the largest in the world. This market focuses solely on currency trading. Daily forex trading volumes have been reported every three years since the SNB recorded $5.1 trillion per day in 2016. This compares with an average daily volume of 6.6 billion shares, or $330.6 billion, in US stocks in 2018. Therefore, the opportunity to make a profit in the forex market is huge.

The Forex market is also available to trade 24 hours a day, five days a week, highly increasing investors earnings potential.

What Are the Best Forex Trading Platforms?

In this section we will discover which are the best Forex trading platforms.

Choosing the best platform for your needs is not easy. Therefore, we compiled some factors to take into account when choosing a trading platform:

  • Competitive Commissions: Before choosing a broker, be sure to evaluate their commissions and spreads, the lower the better. To maximize your trading profits, look for brokers with no fixed commission or competitively low fees.
  • Demo account: Clients are always happy to invest in a demo account, where they can experiment with trading strategies and test their skills using virtual money without risk.
  • License: Due to the importance of your capital, it is very important to only choose brokers who have a valid license from CySec, FCA or other reputable regulators. This will guarantee optimal security for you and your investments.
  • Minimum deposit: We recommend starting investments with a small capital, so look for a broker that requires an initial investment of €100. This will help ensure your financial security and future growth.


Forex Trading Platforms:

This trading platform is one of the most famous in the world: has several licenses to provide investment services in Europe and South America. It supports the MetaTrader platform, and the minimum deposit to activate the account is 100 EUR or USD.

Admiral Markets

Admiral Markets is a global Forex and CFD broker offering over 40 different financial instruments to trade. It offers the MetaTrader 4 and MetaTrader 5 platforms, as well as the ability to trade on Web Trader or via the mobile app.


Avatrade is an online trading platform that allows users to trade stocks, indices, commodities, and currencies. It offers various features such as charting tools, real-time data, and expert advisors.

Next, Forex Trading Platforms: XTB

XTB is an online trading platform used by traders from all over the world. It offers a wide range of features, such as market analysis tools and access to real-time data. It offers powerful charting features and algorithmic trading capabilities.


Capex is an online trading platform with a good reputation among investors. From a regulatory point of view, it is regulated by CySec Therefore, it is a regulated and trustworthy broker with a good track record. Both the web and mobile applications are designed to be functional and easy to use, with information easily accessible and well organized.


eToro is one of the most popular trading platforms on the market. It offers a range of features suitable for both beginners and experienced traders, including advanced charting tools and research resources.

It also allows users to copy other traders, which is an effective way for beginners to learn from more experienced traders.

It is a trading platform that allows users to trade financial markets such as stocks, indices, commodities, and cryptocurrencies. It offers advanced analysis, and risk management tools, as well as fast trade execution.

Forex Trading Platforms: IQ Options

IQ Option is an online trading platform that allows traders to trade a variety of assets, including stocks, currencies, indices, and commodities. It provides a versatile and reliable experience for all types of traders.


Naga is a trading platform that offers traditional assets, as well as stocks, and cryptocurrencies. This allows traders to diversify their portfolio with the ability to trade multiple markets at the same time.

IG Markets

IG Markets is the leading online CFD (Contract for Difference), Forex, and Spread Betting platform . It gives traders access to more than 17,000 global markets, including indices, stocks, commodities, cryptocurrencies, and more.

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Find more information about the Forex exchange market on our site MecanicaDiesel.

By Dayana