Forex Trading Software

Having the right CFD & Forex trading software will help ensure you have the best trading experience. Trading tools include trading platforms, charting and technical analysis tools, back-testing, automation with forex robots, and back-testing. Below We present our best tools for each category.

See our best Forex Trading Software below:

Justin Grossbard

Justin Grossbard has been investing for the past 20 years and writing for the past 10. He co-founded Compare Forex Brokers in 2014 after working with the foreign exchange trading industry for several years. He also founded a number of FinTech and digital startups including Innovate Online and SMS Comparison. Justin holds a Masters Degree and an Honours in Commerce from Monash University. He and his wife Paula live in Melbourne, Australia with his son and Siberian cat. In his spare time, he watches Australian Rules Football and invests on global markets.

Updated: 23/01/2021

What Changed?

Each month we update average spreads data published by the brokers the retail brokers lose %

Fact Checked

We double-check broker fee details each month which is made possible through partner paid advertising. Learn more this here.

Best Forex Trading Software in 2021

Forex Brokers offers different software trading tools that can help with your trading success. Here are our top tools

Pepperstone – Best Forex Trading Software Overall
IC Markets – Low Fee MetaTrader 4 Forex Broker
FXCM – Good for NinjaTrader Trading Platform
eToro – Best Social Forex Trading Software
City Index – Good Trading Platform for Beginner Forex Traders
ThinkMarkets – Best Expert Advisors Robots With Back-Testing
FxPro – Top Broker With cTrader Trade & cTrader Automate
Axi – Offers AutoChartist Technical Analysis Tools

Visit Site

Our Rating

9.17

8.83

5.83

7.46

6.83

Review Of Pepperstone

79.3% of retail investor accounts lose money when trading spread bets and CFDs with this provider

77% of retail investor accounts lose money when trading CFDs with IC Markets (EU) Ltd

80.5% of retail CFD accounts lose money

80.59% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider

71% of retail CFD accounts lose money

Regulations and Licenses

ASIC (Australia)

FCA (UK)

MAS (Singapore)

FSCA (South Africa)

Pending

CYSEC (Cypus)

Dubai (DFSA)

Bank of UAE

Brokerage

EUR/USD Avg. Raw Spread

0.16

0.1 Raw Account

0.37

GBP/USD Avg. Raw Spread

0.4

0.4 Raw Account

1.02

AUD/USD Avg. Raw Spread

0.27

0.2 Raw Account

0.87

EUR/USD Standard Spread

1.16

1.1

0.8

1.58

0.8

EUR/USD Fixed Spreads

1.71

Commissions (USD Base)

AUD/USD$3.50

$3.50

USD$0.45 (cTrader)

0.8

Commission Rebates

Minimum Deposit

AUD/USD $200

USD $200

100

$500 Recommended

Swap Free Account

No Inactivity Fees

Funding Methods

No Funding Fees

Markets and Instruments

Currency Pairs

66+

65+

60+

70+

84+

Cryptocurrency CFDs

10+

Index CFDs

14+

16+

67+

24+

21+

Share CFDs

63+

100+

1816+

150+

4500+

Commodities CFD

19+

17+

10+

29+

Stockbroking

Retail Max. Leverage

30:1 (FCA)
500:1 (ASIC)
50:1 (DFSA)

30:1 (Cysec)
500:1 (ASIC/International)

30:1 (FCA)
300:1 (ASIC)
20:1 (MAS)

30:1 FXProGLobal Markets
500:1 FXPro Financial Services

500:1 (ASIC)
30:1 (FCA)
20:1 (MAS)
50:1 (Bank of UAE)

Professional Leverage

500:1

300:1

500:1

500:1 (FCA)

Trading Platforms + Tools

MetaTrader 4 (MT4)

MetaTrader 5 (MT5)

cTrader

Proprietary Platform

Automated Trading

MT4 only

Social + Copy Trading

Standard Stop Loss

Guaranteed Stop Loss

FCA only

Guaranteed Neg Protection

only with FCA regulation

Cysec Regulation Only

ESMA regulated territories only

FCA only

Demo Account

Unique Feature 1

Smart Trader Tools

ECN pricing

Trade cannabis index

1,300,000 client accounts

Trade in 4,500 markets

Unique Feature 2

Fast Execution Speed

No funding fees

Guaranteed stop-loss

Avg execution time 11.06 ms

No commission spreads

Overall

Our Rating

9.17

8.83

5.83

7.46

6.83

Review Of Pepperstone

Pepperstone – The Best For Range Of Trading Software Overall

With the regulated broker’s extensive range of trading platforms, social-copy trading features and charting tools, Pepperstone offers the best software overall. In addition to a solid product software range, Pepperstone offers tight spreads, low commissions and fast execution which will help you make the most of the broker’s software products. Pepperstone clients are offered three of the world’s most popular third-party trading platforms, being MetaTrader 4 (MT4), MetaTrader 5 (MT5) and cTrader.

Pepperstone Offers Tight Spreads And Low Commission

When trading CFDs and forex with Pepperstone, traders can choose between a Standard Account, Razor Account and Swap-Free Account Type. Standard account types offer a simple fee structure, with no additional commission fees charged on top of the spread. Standard accounts are available with MT4 or MT5.

As a Razor Account holder, traders gain access to tighter spreads while paying flat-rate commission fees that vary between each trading platform, with MT4, MT5 and cTrader available.

MT4 & MT5: Commission fees start from $3.50 per side per 100,000 units traded
cTrader: Commission fees equal 0.0035% of the base currency being traded. If you are trading 100,000 units of the EUR/GBP, you will pay €3.50 per side.

Lastly, Swap-Free accounts are designed for Islamic traders who require an account type that complies with Sharia Law.

Trading Software Pepperstone Account Types Razor vs Standard

Pepperstone Razor Account

While standard accounts may suit beginner traders wanting a simple fee structure, Razor accounts give traders access to ultra-tight ECN-style spreads and are an excellent choice for day traders, scalpers, algorithmic, professional traders and active traders. Compared to other top forex brokers, Pepperstone provides some of the lowest spreads available to retail investor accounts, with spreads as low as 0.1 pips on major currency pairs. To achieve an ECN-like trading environment, orders are executed with no dealing desk (NDD) and straight-through-processing (STP). NDD and STP execution allow Pepperstone to connect traders with top-tier liquidity providers and some of the best prices available on the currency markets.

To keep your spreads tight and avoid artificially changing prices set by liquidity markets, Pepperstone charges Razor account holders a commission fee rather than wider spreads. Commission costs are:

MetaTrader 5 Razor Account Commission Fees

USD 3.50 sideways / 7.00 round-turn per standard lot (0.04 / 0.08 when trading 0.01 lots)
AUD 3.50 sideways / 7.00 round-turn per standard lot (0.04 / 0.08 when trading 0.01 lots)
EUR 2.61 sideways / 5.23 round-turn per standard lot (0.03 / 0.06 when trading 0.01 lots)
GBP 2.29 sideways / 4.59 round-turn per standard lot (0.02 / 0.05 when trading 0.01 lots)

MetaTrader 4 Razor Account Commission Fees

USD 3.76 sideways / 7.53 round-turn per standard lot (0.04 / 0.08 when trading 0.01 lots)
AUD 3.50 sideways / 7.00 round-turn per standard lot (0.04 / 0.08 when trading 0.01 lots)
EUR 2.61 sideways / 5.23 round-turn per standard lot (0.03 / 0.06 when trading 0.01 lots)
GBP 2.29 sideways / 4.59 round-turn per standard lot (0.02 / 0.05 when trading 0.01 lots)

cTrader Razor Account Commission Fees

Charge of 7 units per lot using the first currency of the pair (i.e. AUDUSD = AUD$7 per lot traded)

Commission costs compare well against other brokers. If you are trading many lots, commission fees, much like spreads, can add up.

Compare All Commission With All Brokers >>

Pepperstone’s Standard Account

Standard account types are an excellent choice for those new to currency trading, as traders can avoid complicated commission fee calculations and easily calculate potential profits and losses. While spreads are wider by at least 1 pip for each currency pair when compared to a Razor account, traders incur no additional commission fees on top of the spreads.

	Razor Minimum Spreads	Razor Average Spreads	Standard Average Spreads
EUR/USD	0	0.13	1.13
AUD/USD	0	0.14	1.14
GBP/USD	0	0.44	1.44
EUR/JPU	0	0.22	1.22
USD/JPY	0	0.25	1.25
EUR/GBP	0	0.41	1.41
GBP/JPY	0.4	1.18	1.18
USD/CHF	0	0.64	1.64

Pepperstone Razor and Standard Account Features

Pepperstone accounts gain access to the same software features, with the only difference between account types being spreads and commission fees. Features provided to both Standard and Razor account types include:

Trading with minimum lots of 0.01 (trading with smaller lot sizes means greater flexibility with the size of your trades)
Leverage of 30:1 for major forex pairs and 20:1 for minor currency pairs with Pepperstone UK (FCA) and 500:1 with Pepperstone Australia (ASIC)
No minimum deposit, although the broker recommends an initial deposit of $200
Wide choice of base currencies: USD, EUR, AUD, GBP, JPY, CAD, CHF, NZD, SGD, and HKD
Hedging allowed
Automated trading with Expert Advisors (EAs)
Social-copy trading features

Pepperstone Swap-free Islamic Account

An Islamic account is available with no swap fees (also known as overnight financing fees or holding fees). Available with both Standard and Razor account pricing, Islamic accounts are designed to be compliant with Sharia law, where interest-based swap fees are not permitted. Rather, Islamic account holders pay flat rate swap fees that vary between currency pairs. To sign up for a swap-free account, traders are required to contact Pepperstone’s customer support team (proof of faith may be needed).

Fast Order Execution with Minimal Slippage

Pepperstone offers fast execution speed of orders in less than ~30ms*. Quick execution with no delays is ideal for forex day trading, expert advisors and scalping as the chances of slippage due to execution lag are greatly reduced. The chart below shows the average speed of order executions, along with other forex brokers.

Fast market orders increase your chance of orders being filled at your requested size and price when the broker receives it. This means you are less likely to need to deal with partial fills, re-quotes or slippage. Pepperstone offers fast execution of limit orders with details of the results shown below.

Fast execution ensures help ensure that your buy-limit or sell-limit will transact when your price point is triggered. Limits are useful because it means you don’t need to constantly monitor the process as it is automated.

Pepperstone Software Tools

Pepperstone Offers The Best Trading Platforms On The Market

MetaTrader 4

Pepperstone offers the most popular forex trading platform on the market, MetaTrader 4. When using MT4, traders gain access to advanced charting tools, algorithmic trading (expert advisors) plus a large marketplace and trading community. Main MT4 features include:

A user-friendly, customisable interface
Advanced charting tools for market research and technical analysis
Algorithmic trading with Expert Advisors and MQL4 programming language
Single currency backtesting to optimise trading strategies
Risk management tools such as basic pending order types
Hedging
Autochartist: automatic market scanning software.
Smart Trader Tools: Add-on technical indicators and Expert Advisors

MT4 is available as a desktop trading platform compatible with Mac and Windows computers, a mobile app for Android and iOS devices, or a web trader platform accessible via any browser.

MetaTrader 5

MetaTrader 5 the latest release from MetaQuotes with many improvements over MT4. MT5 is designed to offer a new experience with faster processing times and like MT4, MT5 is available as a desktop trading platform, trading apps or as a web trader platform. MT5 allows hedged positions for both account types with a wider offering of pending order types than MT4. Exceptional features on MT5 provide a new trading experience with advanced tools and optimised trading. Users can easily customise their workspace while using the MQL5 programming language to automate trading with EAs. Key features and benefits of MetaTrader 5:

Extended charting tools: 38 inbuilt technical indicators and 21 timeframes
Optimised processing speeds for ultra-fast order execution and minimal slippage
Hedging and netting allowed
Built-in economic calendar
Automated trading: Expert Advisors with the MQL5 programming language
Multi-currency backtesting
Maximum of 500 total orders
Advanced pending orders
Compatible with Autochartist and Smart Trader Tools packages

If you are using MetaTrader 4 or 5, then you will get free access to Autochartist (automatic market scanning software) as well as Pepperstone’s Smart Trader Tools. Smart Trader Tools are an add-on package available to download, consisting of 28 Expert Advisors and technical indicators to assist customers with developing automated and complex trading strategies.

Trading Software Pepperstone Smart Trader Tools MT4

cTrader

cTrader platform offers advanced trading capabilities with fast entry, execution, and coding customization. Pepperstone offers cTrader supplied with educational content and analysis tools to help traders for better decisions opportunities within foreign exchange markets, while the platforms advanced risk management features protect traders from negative balances. Created by Spotware, cTrader is suited for both beginner and advanced traders and one of the popular platforms available to trade forex.

Pepperstone Offers A Top Range Of Social Trading Tools

MyFxBook AutoTrade: AutoTrade is an automated account mirroring service built on the MyFxBook community platform. The platform allows you to copy the trades from some of the most successful forex trading systems available, with users gaining access to a community of over 90,000 forex traders. Not available in UK/Europe due to FCA regulations.
MetaTrader Trading Signals: MetaTrader Trading Signals is MetaQuotes social-copy trading solution built into the MetaTrader trading platform. Due to the popularity of MetaTrader, users will get access to the large MetaTrader community and marketplace. The platform works by traders publicly providing trading strategies to others within the community, allowing others to monitor their signals and automatically duplicate their trades.
MirrorTrader: Mirror Trader offers one of the most sophisticated account mirroring solutions available. Developed by Tradency, the social-copy trading third party provides a key point of difference is the ability to follow other traders over a wide choice of timeframes and filters that allow you to find other traders signals to copy that best match your risk tolerance. Once you have found signals that best fit your requirements, your selections can be integrated into your trading account and trade executed with minimum effort. Not available in the UK and Europe due to FCA regulation.
DupliTrade: DupliTrade allows traders to automate trading automatically with a popular trading strategy marketplace of signals. Signals from proprietary traders let traders expand their trading knowledge of financial markets and gain a better understanding of professional techniques. The social-copy trading platform allows you to take advantage of the expertise of other traders by duplicating their signals, with DupliTrade handpicking the best traders with a proven track record. Traders are required to make an initial minimum deposit of $5,000 USD to access the DupliTrade tool.
Pelican: Pelican is the only FCA regulated social trading platform in the market. It is slightly different from most other social trading platforms. While most other platforms allow you to copy signals from other traders, there doesn’t tend to be much social about it as the experts are largely anonymous and there is little engagement with them. Pelican seeks to allow social trading interaction with traders you ‘know’. The idea is you can ask questions from mentors and chat with friends within the platform. To help encourage better social interaction, Pelican also offers education tools so traders can learn together. Not available in Australia due to ASIC regulations.

View Pepperstone Review >>Visit Pepperstone >>

IC Markets – Low Fee MetaTrader 4 Forex Broker

As an IC Markets customer, traders can choose from a Raw Spread account, Standard Account and cTrader Account. Each account type charges different spreads and commissions and is available on specific trading platforms. When trading forex, traders can leverage positions by 500:1, regardless of account type.

Tight Spreads and Commissions

Raw Spread Account: Only available on MetaTrader 4 (MT4) or MetaTrader 5 (MT5), spreads as tight as 0.0 pips with traders incurring commission fees of USD $3.5 per lot.
Standard Account: Spreads from 1.0 pips with no commission fees, MT4 or MT5 only.
cTrader Account: Only available on the cTrader platform, commission fees are USD $3 per lot, with spreads as low as 0.0 pips.

IC Markets Trading Software Accounts

IC Markets Offers Tight ECN-Like Spreads


0.10	0.40	0.40	0.30	0.20
0.10	0.30	0.50	1.30	0.20
0.16	0.40	0.35	1.07	0.27
0.20	0.50	0.40	1.50	0.20
0.17	0.59	0.54	N/A	0.30
0.20	0.60	0.50	10.00	0.40
0.10	0.60	0.60	1.30	0.50
0.30	0.50	0.50	3.00	0.50
0.44	0.85	0.40	1.30	0.42

Data taken from broker website. Accurate as at 05/01/2021

Compare All ECN-Style Spreads >>

CFD (Contract For Difference) Instruments Available To Trade

IC Market offers over 236 financial instruments available to trade with low spreads and commissions:

- Forex: 60 currency pairs, tight spreads from 0.0 pips, and leverage up to 500:1
- Index CFDs: 17 major indices, spreads from 0.5 pips and leverage of up to 200:1
- Commodity CFDs: 19 commodities such as energy and metals, with leverage up to 500:1
- Stock CFDs: 120+ global stocks from the most popular companies
- Bond CFDs: 6 bonds from around the world with up to 200:1 leverage
- Crypto CFDs: 10 of the most popular cryptocurrencies and a leverage of up to 1:5
- Futures CFDs: 4 global features available to trade with a leverage of up to 1:200

IC Markets Product Range Software

IC Markets Offers Great Trading Platforms

MetaTrader 4

Raw Account and Standard Account holders gain free access to the MetaTrader 4 trading platform and its extensive range of advanced trading tools.

Fast no dealing desk (NDD) order execution with latency averaging 1ms or less. Equinix servers located in New York.
Sophisticated charting tools: 30 inbuilt technical indicators and 9 timeframes
Automated trading software: Expert advisors can be developed using the MQL4 programming language or downloaded from MetaTrader’s marketplace
Single currency, single thread backtesting for Expert Advisors against historical data
Risk management tools and multiple order types (i.e. stop loss)
Available as a desktop trading platform on both Windows and Mac computers, mobile trading apps for iOS or Android devices, as well as a web trader platform online.

As well as the built-in charting and trading tools, MT4 users can download IC Markets Advanced Trading Tools. 20 different risk management, trade execution and analysis tools are available to enhance an MT4 users trading experience.

MetaTrader 5

The MetaTrader 5 platform is the latest MetaTrader software with certain improvements from its predecessor. Like MT4, traders can enjoy trading with no dealing desk, no prices requote, or any manipulation price on the IC Market trading platform. Improvements to the MetaTrader 5 platform include:

38 preinstalled technical indicators and 21 timeframes
Expert Advisors (MQL5)
Multi-currency, multi-thread backtesting
Advanced pending order types

cTrader

cTrader is a platform known for its high-speed execution of orders with the trading platform providing a unique design and smooth user interface experience. cTrader has no restrictions on trading with some of the best trading conditions for scalping and high-frequency trading. Only available through an IC Markets cTrader account type.

IC Markets Top Social-Copy Trading Tools

MyFxBook AutoTrade

AutoTrade is available to use for all IC Market clients with a next-generation copy trading system by Myfxbook. AutoTrade allows you to copy trades from any system directly into your MetaTrader 4 account. Myfxbook AutoTrade is available only for live trading with full control of your account and no hidden fees.

IC Markets Software MyfxBook AutoTrade

ZuluTrade

ZuluTrade is an ideal solution for traders who cannot commit time to build their own strategies. ZuluTrade clients can follow trading from 100,000 Zulu traders from 192 countries. The advanced copy trading platform offers features such as:

Zulu Rank: a sophisticated algorithmic signal provider to analyse overall performance
Zulu Guard: a highly advanced account protection feature that monitors trading performance 24/7
A simulation tool to test different strategies on a demo account

IC Markets Software ZuluTrade

View IC Markets Review >>Visit IC Markets >>

NinjaTrader

FXCM – Good for NinjaTrader Trading Platform

NinjaTrader is an advanced trading platform with sophisticated analytical and automated charting capabilities. The software platform offers pre-loaded chart styles with hundreds of technical indicators, with a collection of artful drawing tools for charts.

When using NinjaTrader, FXCM customers can load multiple time-frames and markets on a single chart, designed to not miss any market patterns. Traders can configure hundreds of indicators quickly and easily making for an efficient trading environment.

Place and modify existing orders directly from the chart window
Customisable hotkeys to place and modify orders seamlessly and directly from the pricing chart
Very-low latency order submission and modification
Arrange windows across multiple monitors
Analyse crypto markets for free

Automated Trading

The NinjaTrader platform provides a range of trading tools for suiting all levels of experience from beginner to advanced, with no auto trading programming knowledge required.

Algorithmic strategies can be written using the C# programming language, while Automated Trade Management (ATM) strategies allow users to automate order and risk management. Multiple ATM strategies are available for use in risk management or automated trade execution and traders can fully customise trailing stops quickly in fractions of a second. To assess and optimise automated trading strategies, you can utilise NinjaTraders backtesting suite.

Another tool to save time spent analysing markets looking for trading opportunities is the brokers Market Analyser tool that traders can program to scan different financial markets, with advanced alerts notifying traders of market movements.

eToro – Best Social Forex Trading Platform

eToro is an established and popular social trading network with traders from over 140 different countries. Within the social trading network, eToro users can copy the trades of ‘Popular Investors’, with more than offers 2,000 financial instruments offered by eToro across asset classes such as Forex, Crypto, Stocks, and more.

eToro’s proprietary platform provides an easy-to-use experience with a clean design and user interface. The social trading platform connects traders together by sharing ideas, trading decisions, and strategies on a news feed.

With eToro’s CopyTrader system, users can start trading by copying and executing the trading strategies of seasoned investors, known as Popular Investors. It is easy to find popular investors to follow and copy, with users able to view their trading history and success, risk profile and location.

As well as copying individual popular investors, eToro customers can utilise the brokers CopyPortfolio feature where traders can invest in bundles of financial instruments. Two types of portfolios are available:

Top Trader Portfolios: A portfolio consisting of the best performing traders on eToro
Market Portfolios: Bundles of products including Share CFDs, Commodities and Exchange-Traded-Funds (ETFs)

View eToro Review >>Visit eToro >>

City Index – Good Trading Platform for Beginner Forex Traders

While City Index promotes platforms such as AT Pro and cTrader to experienced, active traders, the broker’s proprietary web trader and mobile apps are easy-to-use and an excellent choice for beginner traders. When trading with City Index, customers gain access to thousands of financial instruments, ranging from forex markets to Cryptocurrency markets.

Web Trader

The City Index web trader platform is powered by HTML5 technology and offers a user-friendly, yet customisable workspace for those new to trading.

To minimise the high risk of forex trading, customers can utilise the web trader platforms trading and risk management tools. Real-time calculators keep you updated on margin requirements, while order types allow you to predefine order entry and exit prices. Order types available to City Index clients include:

Stop-loss orders
Limit orders
Trailing stops
One cancels other (OCO)
If-done orders
Guaranteed stop-loss orders (GSLO costs apply)

City Index WebTrader Platform Software

Mobile Apps

Mobile trading apps are available for iOS and Android devices. Both versions of the City Index mobile app allow users to trade efficiently on the go and across multiple devices. To help smartphone traders stay up to date with financial markets, the mobile app offers a watchlist feature along with real-time Reuters news and an economic calendar.

iOS and Android apps allow traders to perform technical analysis from their devices. With multiple timeframes, chart styles and over 60 technical indicators, analysis is user-friendly from your mobile phone. As with the web trader platform, a range of basic and advanced order types are available to manage risk, including GSLOs.

City Index Mobile Apps Platform Software

View City Index Review >>Visit City Index >>

Think Markets

ThinkMarkets – Best For Expert Advisor Backtesting

ThinkMarkets is the best broker for backtesting and Expert Advisors. The broker offers both MT4 and MT5, with EA backtesting abilities varying between the two MetaQuotes trading platforms. Unlike some brokers, ThinkMarkets enforces no restrictions on Expert Advisors, forex robots and indicators running at the same time, with easy integration of EAs into the trading platforms. While EAs are available both MT4 and MT5, MetaTrader 5 is the recommended platform for algorithmic trading strategies and backtesting.

MT4: MQL4 programming language. Single thread, single currency backtesting
MT5: MQL5 programming language. Multi-thread, multi-currency backtesting

Backtesting algorithmic trading strategies on the MetaTrader platforms allow traders to test and optimise their EAs against historical data. As a ThinkMarkets customer, traders can develop or download Expert Advisors and custom technical indicators for the financial assets:

Forex
Indices
Metals
Cryptocurrency
Shares CFD
CFD Futures
Commodities

View ThinkMarkets Review >>Visit ThinkMarkets >>

FXPro cTrader

FXPro – Top Broker With cTrader Trade & cTrader Automate

FxPro offers the cTrader which is a powerful forex trading platform with a friendly design. To access the trading software, the web platform provides scalpers quick trade execution within a modern, sleek interface. When analysing markets and trading opportunities, cTrader users can stay up to date with financial events via an economic calendar, while using the advanced charting tools to conduct technical analysis. Additionally, the cTrader platform is known for features and tools as:

70 pre-installed indicators and the ability to customize indicators with prices, levels, and more
Algorithmic trading with cBot trading robots and the #C programming language
Tight spreads and no dealing desk execution
No requotes with 0.37 average variable spreads for the EUR/USD currency pair
Up to 7,000 orders executed per second
Regulated by five major financial authorities

cTrader charting tools include multiple timeframes at different intervals with advanced layouts. Traders are available to choose from more than 50 templates and customize your trading workspace depending on your personal trading preferences. In regards to market access, more than 260 CFD instruments are available with customers able to trade Forex, Indice, Energy and Metal asset classes.

AxiTrader

Axi – The Best Technical Analysis Tools and AutoChartist

Axi (formerly Axitrader) offers access to multiple trading platforms designed to provide a seamless trading experience. Popular platforms as MetaTrader 4 and MetaTrader 5 provide users with sophisticated analysis tools to unlock unlimited trading possibilities. To ensure trading strategies are carried out efficiently, order execution speeds are fast on over 150 financial instruments.

Axi offers free access to social-copy trading tools as Myfxbook AutoTrade. Myfxbook AutoTrade allows you to track the performance of top traders and copy their trading strategies, with access to past historical data to study market movements and improve your trading performance.

To automate market analysis, Autochartist can automatically seek out trading opportunities through real-time market scanning software, alerting traders via notifications. Additionally, algorithmic trading features such as Expert Advisors and technical indicators can easily be integrated into MetaTrader platforms. To access Axi’s wide range of technical analysis and charting tools, MT4 and MT5 can be downloaded as a desktop platform or tablet and mobile apps.

View Axi Review >>Visit Axi >>

Forex Trading Software FAQ

Can you get rich by trading forex?

Yes, forex trading is one of the fastest ways to get rich, but at the same time, it’s also the fastest way to lose all your money if you’re an inexperienced trader. Trading forex successfully comes down to having a proven edge in the market, the discipline to follow your trading plan and sound risk management strategies.

If you’re a beginner trader check our Top 10 Features To Consider When Choosing A Forex Broker.

Can you make money copying on eToro?

Yes, beginner traders and professional traders can make money on eToro by copying other traders. At copy trading platforms such as eToro, one can copy up to 100 trades simultaneously. eToro minimum deposit is also extremely low (USD 50) making it fairly accessible.

If you want to learn more about eToro social trading network check our full eToro Review.

What is the best trading platform for Forex?

MetaTrader 4 (MT4) by MetaQuotes Software is one of the best forex trading platforms. Released in 2005, the MT4 platform includes a generous number of technical tools, 3 different chart types, 9 different time frames, automated trading (Expert Advisors EAs) and so much more. The upgraded MetaTrader 5 (MT5) seeks to replace the MT4 platform by providing access to more markets, depth of market and more technical indicators.

Overall Best Broker and Trading Software

When comparing the top broker’s spreads, fees and trading platform software, Pepperstone is one of the best forex brokers overall with the best forex platforms offerings. As well as a choice of account types (Standard vs Razor), trading platforms (MT4, MT5 and cTrader) and social-copy trading tools, customers can download additional software add-ons to gain access to additional technical indicators and expert advisors. Before investors start trading with real money, a Pepperstone demo account can be opened with a virtual balance provided to practise forex trading.

Best Forex Trading Software

Forex-Trading-Software

About the author: Justin Grossbard