For most beginners, trading forex with an amount of capital that you can afford to lose can be a great way to learn with less risk, and can be of value if you focus on the percentage returns rather than their dollar value. IG takes first place in our Annual Review as the best forex broker, with available currency pairs and the ability to trade CFDs and forex options, traders have plenty of choices.

IG is the only broker that is regulated in both Switzerland and the U. expand What does it mean to be the biggest forex broker? What can be considered the largest forex broker may vary depending on the time period used to measure size. Important factors to consider when gauging the size of a forex broker are the assets under management, number of clients, and market capitalization valuation for public companies.

Here are the top 10 brokers by forex and CFD trading volume according to data compiled by Finance Magnates during the third quarter of data excludes Japan due to the abnormally high trading volumes known to come from Japanese brokers :. CMC Market's Next Generation platform comes with a massive selection of nearly 10, tradeable instruments. It delivers a terrific user experience, as well as advanced tools, comprehensive market research, and an excellent mobile app.

Hands down, the CMC Markets Next Generation trading platform is a market leader that will impress even the pickiest of traders. The new Dynamic Trading tool allows you to place multiple trades simultaneously, which was a nice innovation by CMC Markets this year. If you're a fan of mobile platforms — or trading forex on the go — see our picks for best forex trading apps here.

What do you value most in a forex broker? Maybe you want to trade forex on the go. You might be looking for the most cost-effective forex brokers. Or maybe you are a beginner forex trader who is just getting started. With a wide range of forex brokers comes a wide variety of features and specialties. IG offers the most tradeable CFDs in the industry, 19, CFDs, or "contracts for difference," enable traders to speculate whether the price of a stock, forex pair, market index, or commodity will go up or down without taking ownership of the underlying asset.

Alongside nearly 10, CFDs, CMC Markets offers the most tradeable currency pairs, with pairs that can be quoted both ways i. As a highly-trusted and regulated global brand, Interactive Brokers IBKR provides everything professional traders might need, from advanced trading tools and platform features to competitive pricing across a wide variety of markets, as well as connectivity to over global exchanges.

In addition to competitive spreads and low commission-based pricing for forex, Interactive Brokers provides more third-party research than any other broker. Interactive Brokers continues to innovate its platform offering, such as with its new Impact app for environmental, social, and governance ESG investing, alongside the related Impact dashboard available in its Trader Workstation TWS desktop and WebTrader platforms.

Professional client status : In today's highly regulated forex world, traders who want to maximize their margin leverage must apply and obtain ESMA's professional client status with their broker. Traders designated as Professionals in the EU do not receive negative balance protection and other consumer safety mechanisms such as eligibility for compensation schemes in the event of a broker's insolvency.

To determine the best forex brokers for professional traders, we broke down each broker's active trading program, and compared all available rebates, tiers, and all-in costs. Trading platforms were then tested for the quality and availability of advanced trading tools frequently used by professionals. Here are three of the most important factors to keep in mind when choosing an online broker for forex trading.

Not sure how to go about choosing a forex broker? Check out our Forex Broker Compare Tool to compare dozens of the biggest forex brokers in the industry and analyze their top tools and features. Our Compare Tool is fed by data gathered by our expert researchers for our forex broker reviews , so you can feel confident you have the most up-to-date information at your fingertips. To see an intuitive, comprehensive list of highly regarded regulatory agencies, check out our Trust Score page.

Also, be sure to check out our in-depth reviews of forex brokers — we detail the regulatory status of each individual forex broker across the international forex landscape. Here are the Overall rankings for the 39 online brokers who participated in our Annual Review, sorted by Overall ranking.

Was this helpful? Yes or No. At ForexBrokers. com, our evaluations of online brokers and their products and services are based on our collected quantitative data as well as the qualitative observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research on the online forex brokerage industry, and we evaluate dozens of international regulator agencies click here to learn about how we calculate Trust Score. We test all available trading platforms for each broker — whether they are proprietary or come from third-party providers — and evaluate them based on a host of data-driven variables.

All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running macOS Ultimately, our rigorous data validation process yields an error rate of less than. For a full explanation and accounting of our research and testing process, please click here to learn more about how we test. There is a very high degree of risk involved in trading securities.

With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks. Steven Hatzakis is the Global Director of Research for ForexBrokers. Steven previously served as an Editor for Finance Magnates, where he authored over 1, published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.

as a Commodity Trading Advisor CTA. Blain Reinkensmeyer has 20 years of trading experience with over 2, trades placed during that time. He heads research for all U. com and is respected by executives as the leading expert covering the online broker industry. John Bringans is the Senior Editor of ForexBrokers. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets.

Joey Shadeck is the Content Strategist and Research Analyst for ForexBrokers. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content. com is committed to the highest ethical standards and reviews services independently. Learn How We Make Money. Home Forex Guides Directory.

November 15, Best overall broker, most trusted Minimum Initial Deposit £ Pros Outstanding platforms and tools Over 19, tradeable instruments Competitive pricing Cons No predefined layouts on the flagship web platform Limited product range on MT4. Pros Flagship platform is top of the line Over 40, tradeable instruments Excellent customer service Cons High minimum deposit.

Pros Low trading costs Excellent web and mobile platforms Robust research materials Cons Educational offering could be improved MT4 offering limited to 62 symbols. Pros Robust platform for professional traders Wide range of global markets Thorough research offering Cons Trader Workstation platform is likely too complicated for inexperienced traders. Best desktop platform, U.

Pros Outstanding platform in thinkorswim Thorough research offerings Excellent educational materials Cons Does not offer copy trading Forex pricing is slightly higher than industry average. Pros Multiple high-quality platforms Excellent market research Wide range of markets Cons Only about instruments are available on the MT5 platform, compared to over 4, on non-MetaTrader platforms.

Pros xStation 5 platform is an industry standout Robust selection of trading tools Excellent customer service Cons Pricing is just average. Excellent all-round offering Minimum Initial Deposit £ Pros Excellent platforms and mobile app Extensive range of markets High-quality market research Cons Pricing is average for the industry Limited product range on MT4.

Pros Large number of investors to copy Extensive range of markets to trade User-friendly platforms and app Cons No automated trading strategies Stops, limits mandatory on trades Research trails competitors. security Find a trustworthy broker: ForexBroker. percent Pro tip: For most beginners, trading forex with an amount of capital that you can afford to lose can be a great way to learn with less risk, and can be of value if you focus on the percentage returns rather than their dollar value.

smartphone Mobile forex trading If you're a fan of mobile platforms — or trading forex on the go — see our picks for best forex trading apps here. OANDA is the most Regulated Forex Broker and operate across six of the most credible authorities. Customer support is available via a FAQ section, a OANDA Virtual Assistant and phone. eSignal is an advanced charting platform which is primarily designed to target active traders who apply technical analysis.

The eSignal platform comes fully packed with endless customizable charts and advanced analytical tools which includes a bulletproof stock scanner, automated systems, market profile, advanced volume analysis, and much more.

eSignal is owned by Intercontinental Exchange. Intercontinental Exchange operates the New York Stock Exchange and ICE futures exchanges , and traders can rest assured that their data quality is superb.

In addition to eSignal being an all-inclusive charting platform which features hundreds of technical indicators, it is also a trading platform. Traders can connect over 50 different Forex brokers and execute trades directly from the eSignal platform.

eSignal can be used as either a PC desktop or web-based application. eSignal Supported Broker: Forex. com is a platform which can be used for trading foreign currencies and precious metals. Traders can trade over 80 currency pairs as well as silver and gold. Customer support is available by phone, live chat, or email 24 hours a day during market hours. MetaTrader4 is a free trading platform for forex and other financial instruments such as CFDs, futures, indices, commodities, and cryptocurrencies.

MetaTrader4 offers desktop, web and mobile platforms which supports over 30 languages. The desktop platform helps investors to analyse financial markets , perform advanced trading operations, to run trading robots and allows copy trading.

For more specific questions, traders can make contact with a manager via the Contact Us Page. MetaTrader4 Supported Broker: Swissquote. Swissquote Bank offers traders the ability to trade in Forex, CFDs and Options on a variety of asset classes which includes Currency pairs, FX Options, Metals, Indices, Commodities and Bonds.

Swissquote Bank Ltd holds a banking licence issued by the Swiss Federal Financial Market Supervisory Authority FINMA and is a member of the Swiss Bankers Association. Swiss accounts receive the benefit of funds held in Swiss Tier 1 bank accounts with an IBAN for seamless international trading Confusing array of services Zero-commission and from 0.

Customer support is offered in ten different languages via Live Chat, Telephone, Email and an Online Contact Form. ZuluTrade is an online social and copy trading platform with desktop software said to be available for download and installation on Windows 10 and MacOS. Fees for use of ZuluTrade and the asset selection will be dependent on the partnering Brokerage firm. Investors can choose either a Classic or Profit-Sharing Account and can connect the MT4 Trading platform to their chosen ZuluTrade Account.

ZuluTrade Supported Broker: FXCM. Forex Capital Markets Limited or FXCM is a Spread Betting, CFD and Forex trading broker , authorised and regulated by the UK Financial Conduct Authority under the Forex Capital Markets Limited and is part of the Leucadia Company, which offers users the ability to trade on Forex, Forex Baskets, Indices, Commodities and Crypto on its own proprietary Trading Station platform for Desktop, Web and Mobile, as well as on MetaTrader 4 , NinaTrader and ZuluTrade.

FXCM offers traders 4 main types of trading accounts to choose from, including Spread Betting, CFD Trading , Active Trader and Professional Clients. A Free Demo account is also made available. ProRealTime has an intuitive charting and trading platform which is tailored to accommodate both Professional and Non-Professional traders. ProRealTime does not offer a mobile trading app and is best suited for Windows Desktop use.

ProRealTime is available for free but also has a premium subscription available. ProRealTime offers integration with Top Forex Brokers such as IG and Interactive Brokers respectively. ProRealTime is a popular technical analysis platform which supports automated trading plus a wide variety of assets. IG Group was founded in and is regulated by the Financial Conduct Authority FCA in the U. and the Australian Securities and Investment Commission ASIC in Australia.

The country of a traders residency will determine which account type they can open. In most countries, they will only be able to trade forex, CFDs and options. The best trading apps will offer a wide range of features and each trader will value different things. For this reason, due diligence is absolutely key in the selection process.

Important factors to consider includes execution speeds , Security and Usability. JP Markets offers a welcome bonus to all new traders who choose to register for a real account. JP Markets is considered a low-risk and can be summarized as trustworthy and reliable. JP Markets is regulated by the top-tier Financial Services Board, Based.

Overall IW Bank offers numerous investment prospects for their clients, and allows them to invest in equities and bonds. IW Bank clients may experience different fee structures according. com does not offer a sign-up bonus for first-time sign-ups or beginner traders. No sign-up bonus, deposit bonus, or welcome bonus is offered to traders. The Minimum Deposit for 1st-time traders might vary based on.

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Win the trading game with the world's leading platform! You should consider whether you can afford to take the high risk of losing your money. There are hundreds of Forex brokers offering their services online so choosing the best one can become quite a challenging task. It can be as difficult as creating a successful strategy. Usually, the average trader is unlikely to have enough time to check out all of the features that are packed in Forex platform packages offered by brokers.

The Forex trading software we present below are not only proven to generate great results, but they are also compliant to and regulated by international authorities for each country or area they are available in. Forex is short for the foreign exchange market and it represents the global market for trading international currencies.

It is highly dependent on foreign exchange rates. Those who buy, sell or exchange currencies generally use the current prices. However, based on how stable a currency is, some prefer setting fixed prices to avoid loss. Forex is one of the most popular trading practices. The market is very much dependent on banks and there are many factors that affect exchange rates. To achieve significant profits with Forex trading, you will have to set up a strategy. If you are a beginner, it is recommended to do your research and see how much you want to invest for each trade and also how much you want to risk.

Forex trading platforms can be great tools both for beginners and experienced traders. They offer automation solutions that help you set up your own algorithm and also copy successful strategies from other traders. Beginners can make a good profit from Forex trading if they follow a few basic principles such as selling the currencies at a higher price than they bought them.

Of course, you have to be knowledgeable about the market in order to do so successfully, but there are plenty of educational resources online that can help you get started.

The good thing about Forex trading is that you do not need to invest a huge amount of money from the very beginning. As long as you implement a good and constant strategy, you can start with as low as just a few hundred dollars or your currency of choice. Given their speculative nature plus leverage , CFD instruments are labeled as high-risk investments.

So are the unregulated cryptocurrencies. Even in these volatile conditions, eToro is considered a safe, low-risk broker to trade Forex and CFDs. eToro offers real-time market analysis for Forex trades that show information about good trading pairings, buying and selling prices of all currencies, and more. The platform also offers valuable learning materials that help you understand how to implement a strategy and even how you can combine multiple types of strategies in order to achieve your goals.

eToro also offers forward testing features that let you build up and implement fictional strategies. It then creates an in-depth analysis about your results so you can see what you need to improve. Into Forex and CFDs trade? eToro is the safest choice among all the licensed brokers out there. ZuluTrade is a simple and versatile tool that grants you access to exclusive access trading services in just a few steps.

Free of charge for up to one month, you can use this flexible tool at any level and scale it to suit your specific needs from basic to advanced. The Automator feature notifies you when it is a good time to act on your trades. It can also automatically execute actions based on pre-defined rules and settings. Zulu Trade also has an insightful Forex Calendar that analyzes current events that are very likely to impact the global market. Everything you need for simple, and efficient Forex trading in a single app!

It is the ideal trading software for PC and accessible even on mobile phones. This advanced financial visualization platform comes with over a hundred pre-built studies for in-depth market analysis, covering the most popular trading concepts and indicators. This impressive data coverage guarantees your direct access to major indices, Forex, Bitcoin, and CFDs among other instruments allowing you to carefully plan your trading strategy.

Users are allowed to draw anything on any chart. TradingView pen allows you to draw freely any line or shape. You can effectively split your screen into many synced-up charts. It makes looking at the time frames much easier by enabling you to view multiple charts on the same screen. Get a true taste of customization with tools that scale from simple to complex to perfectly fit your Forex trading needs.

Free trial Visit website Forex. com Forex. com is a resourceful trading platform that offers users insightful market analysis tools as well as the possibility to fully customize their strategies. This Forex platform activates in over markets offering tons of features for any type of trader, with over k users worldwide. The tool is very versatile, as it offers dedicated applications for mobile, as well as the possibility to trade directly from your web browser.

As long as you enter your credentials, you can trade on pretty much any device, with just one account. com lets you trade in over 80 FX pairs from the global market. It also offers support for trades between several cryptocurrencies. The platform offers valuable performance analytics tools that assess your trading behavior.

You get reviews on the timings of your trades, how your short and long trades perform, and an in-depth scorecard of overall performance. Forex uses real-time information about the market as well as a solid knowledge base about the best trading practices to advise and inform you how you can improve your trading behavior. The platform also encompasses tons of worthwhile market analysis information as well as the latest news and trends about forex, commodities, crypto, shares, and indices.

com offers the possibility to test out the platform before actually investing. You can create a Demo account and see for yourself what it has to offer. Some PC issues are hard to tackle, especially when it comes to corrupted repositories or missing Windows files. If you are having troubles fixing an error, your system may be partially broken. We recommend installing Restoro, a tool that will scan your machine and identify what the fault is. Click here to download and start repairing.

This is a platform that provides you with everything you need, all in one place. The platform comes with customizable charts so you can pick the most important indicators for your goals and get personalized information.

The backtesting and scannning tools allow you to scale the effectiveness of your trading strategies before putting your money in the game.

There are millions of traders worldwide who have already chosen MetaTrader to work in the financial markets anywhere and anytime. MetaTrader 4 for PC is the most powerful and convenient tool targeted at technical analytics and trading in the market allowing you to implement all kinds of strategies on any level of complexity. You will have more tools at your disposal such as Instant Execution, trading from a chart, stop orders and trailing stop, trading history, and a tick chart as well.

Meta Trader 4 provides a robust trading system with support for three execution mdes and eight order types. The platform puts an unlimited number of charts and more than 50 analytical tools at your direct disposal. Meta Trader is a free-to-use platform. Note that some costs may apply as your broker or market maker will place some charges on your trades.

ForexTrader Desktop lets you automate your trading strategies with access to 15 pre-defined automatic trading strategies for real-time buy and sell signals. With real-time information and headlines from Reuters Newswires and market commentary, Forex Trader allows you to stay on top of all markets.

Currenex is a market-leading technology provider that offers high-performance technology to the FX community and also deep pools of liquidity for anonymous and disclosed trade execution.

It gives clients a unique service that comes with tailored access to uncovered and also undisclosed cash on just a single screen. This is a premium source for FX liquidity in the market. Active traders are able to access cash on Currenex via the prime broker model that is used by lots of top brokers from various banks and institutions with excellent reputations. The anonymous streaming method provides access to a marketplace of thousands of participants and liquidity sources.

The technology used by Currenex allows you to implement selective permissions and approvals across more locations and business units. Active traders can choose between more security preferences from more connectivity options and messaging protocols. ActTrader offers a full-featured workspace targeted at traders for a better executing of trades and managing their accounts.

This is a feature-rich desktop application that allows you to monitor the market and also engage in online trading. An ActFX strategy analyzes one or more charts, and it will automatically open and close orders and positions as well.

It will display these on various charts. Each of the windows will show you information and provide access to specific functions. For example, the Dealing Rates windows lets you view the streaming rates, with detailed info on the instruments in the Dealing Rates Table. Start by learning the basics about the market and setting up a strategy. Know how much you can invest and what is the realistic goal you can achieve with that amount. Use a reliable trading platform to assist you with useful information and automation solutions.

You can even implement some copy-trading tactics and use strategies tested by experienced users. These are our 8 recommendations for the best Forex software for PC. We also suggest that you keep in mind a few factors before deciding which one is the best for you and our needs.

The Forex broker should be regulated and should also offer either a selection of account types or any kind of customizability. You should also check for the variety of currency pairs on offer, the availability of customer service,, and the quality of the trading platform as well. All the 8 platforms we presented above are straightforward, and they all offer vast collections of technical and analytical tools to enhance the trading experience.

Keep in mind that CFDs, crypto, and Forex trading are high-risk investments by nature. Make sure you keep the track of your expenses at all times with the Best Financial Investment Tracking Software. Feel free to explore our Business Hub as well. If the advices above haven't solved your issue, your PC may experience deeper Windows problems.

Was this page helpful? View Forex. Alpari John Bringans is the Senior Editor of ForexBrokers. While Markets. You can even trade directly from the charts. ZuluTrade is an online social and copy trading platform with desktop software said to be available for download and installation on Windows 10 and MacOS.

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