Best US Trading Platforms

We favoured OANDA’s leading-edge technical analysis tools, minimal spreads, and a wide variety of tradeable assets, making it a top pick for both seasoned and newbie traders. We’ve dubbed it the best forex broker for US traders, and without a doubt, it stands out as the top MetaTrader 4 broker. While we’d fancy seeing a broader range of account options, savvy traders can achieve significant savings with the Spread Only Pricing account.

OANDA Has Tight MT4 Spreads and Advanced Features

Key Strengths:

• Wide variety of assets available to trade
• Low spreads and competitive trading costs
• Easy account opening and deposit process
• Discounts for active traders and high-volume traders
• No minimum deposits

OANDA Trading Platform Options

Available Formats: web platform, mobile app, tablet

While using OANDA Trade, their primary trading platform, we’ve noticed its reliance on TradingView for comprehensive charting and technical analysis. Nevertheless, it offers a seamless trading experience across web, mobile, and tablet interfaces. For those just starting or at an intermediate trading level, the platform delivers all the essential tools, especially when it comes to technical analysis.

OANDA Trade also offers a range of interesting trading tools, including integration with TradingView for chart trading, charting analysis with MotiveWave, and technical analysis powered by Autochartist. If you’re an automation fiend or algorithmic trader, you’re in luck. Most proprietary trading platforms don’t allow automated trading, but OANDA Trade supports algorithmic trading via Algo Labs, powered by Quant Connect.

If you’re chasing market insights, we’ve appreciated the Dow Jones Select FX Select, granting US forex traders an in-depth, real-time peek at the financial markets. Another bonus is the platform’s comprehensive trading educational resources, which can genuinely aid in refining trading strategies.

Partner agreements with specialist software providers give OANDA Trade users options for even more special features via APIs. Access to multi-charts online trading software means professional-level technical analysis with over 300 trading strategies and indicators and more than 20 data feeds from 10 brokers. The CQG FX app provides access to the most recent market data and is backed with robust charting and analysis tools.

OANDA’s MT4 Offering

US clients of OANDA who prefer to trade on MetaTrader 4 have the option to do so via a proprietary plugin offered with two designated account types: MetaTrader 4 and MetaTrader 4 Premium.

Both accounts provide access to the platform’s Signals tool for the Best Social Trading Platforms and Best Copy Trading Platforms. Experienced investors will likely prefer the ‘Premium’ option for its more extensive array of technical analysis and charting tools, which include mini charts, alert trading, keyboard trading, tick chart trading, EAs and one-cancels-the-other orders.

OANDA MT4 Trading Platform Features for US forex traders:

• Spreads as low as 0.6 pips on typical EUR/USD order sizes. The smaller the order size, the tighter the spread. This benefit is available through the OANDA MT4 premium upgrade with the mini terminal.
• Access to OANDA’s suite of technical analysis packages as a plug-in to MetaTrader 4. This allows clients to execute trades directly from the interface, use intraday market scanning tools, and set up automated alerts for specified patterns.
• Access to the MT4 open order indicator allows traders to view aggregate current buy and sell orders from OANDA clients to better assess market sentiment.
• Ability to develop, optimise, and use automated trading strategies with the help of MQL4.
• Fast order execution with no dealing desk intervention and no re-quotes.
• Good mobile trading options with OANDA’s mobile apps for iOS and Android devices. The apps offer access to 32 overlay indicators, 11 drawing tools, and 9 chart types.

Background To MetaTrader 4

Available Formats: web platform, mobile app, desktop (including macOS), tablet

Looking for the most trusted and reliable forex trading platform? Look no further than MetaTrader4. It’s a one-stop shop for all your forex trading needs and is suitable for beginners and professional traders alike.

MetaTrader 4’s breadth and depth of features, as well as the straightforward interface, have helped make MetaTrader 4 the most-used trading platform across the globe. The platform also stands out from the competition for its emphasis on customization. It’s a mainstream platform that actively encourages integrations from numerous third-party APIs and other tools.

Developed by MetaQuotes back in 2005, MetaTrader 4 is also amongst the oldest trading platforms developed specifically for online trading by retail investors. Consistent upgrades over the years have kept the trading platform current and innovative, and many forex traders consider it the ‘gold’ standard when it comes to trading platforms.

The platform boasts an extensive range of technical and drawing tools to help with market analysis and sophisticated EAs. Write your own indicators or rely on pre-written scripts. MetaTrader 4 has hundreds of free and paid EAs available. Need even more custom options? MetaTrader 4 allows you to integrate various third-party software solutions to do even more with the platform.

OANDA MT4 Accounts and Products

If you’re in the US, OANDA offers a single account type: the Spread Only Pricing account. Variable spreads start at 0.6 pips, with the average hovering around 1.2. That may seem high, but remember that most brokers offer a minimum spread of 1.0 pips or above for a Standard Account, which means the average would tend to be even higher. You also don’t need to worry about calculating complex commissions or juggling spread plus commissions with this model, which can simplify the economics of your trading.

American account holders also benefit from OANDA’s rebate program. Designed to reward high-volume traders, the program offers cash-back or reduced commissions ranging from USD $5.00 to USD $15.00 per million traded.

Americans trading forex with OANDA can choose from 68 currency pairs, including ten majors and 58 minors, exotics and crosses.

Our Verdict On OANDA

With advanced technical analysis tools, tight spreads and a wide range of tradable assets, OANDA is an excellent forex broker for both experienced and beginner forex traders. We not only named it the best MT4 broker but also the Best Forex Brokers In USA traders. While we might prefer a wider variety of account types, the Spread Only Pricing account can lead to significant savings if you’re savvy.

OANDA ReviewVisit OANDA

We liked the depth of analytical tools provided by FOREX.com, which may not be immediately apparent given its straightforward user interface. The tight spreads and above-average trading expenses stand out for those mindful of costs. Moreover, the swift execution time can be a game-changer for traders aiming for timely decisions in the fast-paced currency market. In our experience, this platform caters brilliantly to the needs of traders, ensuring they’re equipped with top-tier trading tools.

FOREX.com Insights Give You Useful Trading Ideas

When we peered beneath the straightforward interface of FOREX.com, we discovered a treasure trove of analytical tools. We believe you’d value the tight spreads, reasonable trading costs, and swift execution we experienced with this broker.

Key Strengths:

• Great variety of currency pairs
• Fast trade execution
• MetaTrader 4 trading Platform
• Proprietary trading platform with unique trading tools

FOREX.com Platforms

Available Formats: web platform, mobile app, tablet

A leader in online trading for almost two decades, it’s hardly surprising that FOREX.com has developed some of the most powerful, flexible analytical tools available. If you’re an American, you’re in luck. US CFD traders enjoy access to the same comprehensive suite of charts and calculators as their international counterparts, including Smart Signals, performance analytics and advanced charts powered by TradingView.

Whether you’re a seasoned professional or just starting, FOREX.com’s advanced charting provides many chart types, timeframes, technical indicators, and drawing tools. There’s convenience in saving your favourite chart types and variables for later use and the option to overlay multiple financial markets for comparison.

Even as a beginner, you can benefit from the charting tools, however. Uniformity across web and mobile platforms with FOREX.com ensures a consistent trading experience. The ability to customize virtually every aspect of a chart – from indicators to colours to size – ensures maximum clarity and legibility, even if you’re a novice trading on a demo account.

Choosing MetaTrader 4 brought a suite of perks, including access to Expert Advisors (EAs) to streamline our trading and a plethora of additional indicators. Plus, tools like TradingCentral for enhanced charting and Reuters for news updates and market insights are within reach.

Other FOREX.com Trading Tools

If you’re into scalping like some of us, NinjaTrader complements FOREX.com’s platform perfectly. It offers functionalities like trading straight from charts, a single-click trading system, and simultaneous order placements across accounts. With NinjaTrader, we could also streamline order entries with hotkeys, and various order types were at our disposal.

Used by over 500,000 users, NinjaTrader treated us to top-tier charting and analysis. The 100+ pre-built indicators and myriad add-on options left us spoilt for choice, especially when determining support and resistance levels. The unique Market Analyzer was a standout feature, pinpointing opportunities in real time.

The trading tool provides all the tools you need to build automation – and, unlike MetaTrader 4, does not require EAs. If you’re familiar with C#, you can write your own automation script for custom indicators using NinjaScript, while those with less technical savvy have access to a point-and-click, no-code option.

FOREX.com Trading Accounts and Products

If you’re in the US, you have a choice of three trading account types: Standard, MetaTrader 4 and RAW Pricing.

The Standard and MetaTrader 4 accounts include commissions in the spread, which makes for straightforward pricing. Spreads start from 1.2 pips for EUR/USD.

The RAW pricing account carries a commission of USD 14 per round-turn standard lot ($7.00 on each side) but offers spreads starting at 0.0 pips.

FOREX.com: Our Verdict

Our journey with FOREX.com was characterised by a no-nonsense trading environment, attractive commissions, and a medley of platforms catering to various trading personas. If you’re an intermediate or pro trader in the US seeking top-tier analytics without breaking the bank, FOREX.com is certainly worth considering.

We found that Tastyfx excels with its wide selection of over 80 currency pairs available to US traders. The broker offers commission-free trading for standard accounts, with spreads starting at just 0.8 pips for some pairs and at least 1.0 pips for others. Tastyfx also asserts that their EUR/USD spreads are up to 20% tighter than those offered by many leading competitors.

Tastyfx Has Advanced Charts And Fast Execution

Having explored 80+ currency pairs, we found that Tastyfx provides one of the broadest ranges of currency pairs among brokers in the US. Interestingly, for US traders, there’s no commission on trading when using a standard account. Spreads start from 0.8 pips for selected currency pairs but otherwise have a minimum of 1.0 pips. Tastyfx also claims their spreads for EUR/USD (the most popular currency pair) are up to 20% lower than their main competitors.

Key Strengths:

• Excellent educational tools and trading supports
• Extensive research tools and trading strategy ideas
• Great proprietary trading platforms

Tastyfx Trading Platforms

Available Formats: web platform, mobile app, tablet

Navigating through Tastyfx’s user-friendly web-based interface, we learned it’s crafted to cater to both beginners and seasoned investors. Their powerful charting tools are a standout. What we found convenient was the ability to customise our workspace on IG, allowing us to craft and save our desired layouts and put together custom watchlists.

Tastyfx clients won’t have access to all the same tools as the US and Australia-based traders, but all the core tools and functions are there. Traders can place three different order types, as well as “take profit” and “stop-loss” options, to maximise gains and minimise losses.

Tastyfx charting features caught our attention. With its design rooted in HTML5, suitable for most browsers, we had access to at least 25 technical indicators and 17 drawing tools – ideal for comprehensive analytics. Trading directly from the charts was a handy feature.

The platform permitted an infinite set of timeframes, and we could juxtapose up to four on a singular chart. An interesting aspect was the ability to partition charts into multiple frames, aiding in a more precise market visualisation and enhanced monitoring. Plus, integrating third-party solutions like Autochartist or PIA First made trading signals even more accessible.

We were also impressed by Tastyfx’s execution speeds. The market changes rapidly, and staying ahead of the curve in a high-risk, high-volatility environment can help avoid slippage, which can mean the difference between big profits and big losses.

Research tools are also available, such as economic calendars and Twitter. If you like your news streamed, then Reuters is also available.

Other Tastyfx Trading Platforms

For those who appreciate the benefits of a Tastyfx trading account but prefer a more powerful interface for trading, Tastyfx has a few options.

For traders, like me, whose strategy leans towards comprehensive chart trading and automation, ProRealTime stood out as an optimal choice. With numerous indicators and unlimited timeframes, ProRealTime offers the depth required for a wholesome market analysis experience. The platform also facilitates easy automation and advanced backtesting.

For tastyfx clients, ProRealTime is available at no cost if you execute 4 or more trades within a month. If you don’t meet this trading threshold or your trading volume is minimal, a monthly fee of $40 will be charged on the last day of each calendar month.

And, of course, Tastyfx is one of the best MT4 brokers – the world’s most popular forex platform. While using the broker’s proprietary platform always offers advantages, MetaTrader 4 may have more appeal for traders already accustomed to its interface or who want to avoid committing to a specific broker’s ecosystem.

Tastyfx Accounts and Products

Note that, due to state-level regulatory restrictions, Tastyfx is not available to residents of Arizona or Ohio.

This top broker’s CFD account offers zero commission fees and competitive leverage, making it an ideal choice for traders of all experience levels in the US. Whether you’re a novice or an experienced trader, you’ll benefit from cost-effective trading conditions.

Our Verdict On Tastyfx

For us, Tastyfx emerged as an excellent pick. Catering to beginners with its user-friendly interface and acclaimed proprietary platforms, Tastyfx doesn’t fall short for seasoned traders either, providing a rich array of drawing tools and indicators.

With five decades of industry experience, Charles Schwab powered by TD-AmeriTrade is one of the most prominent broker-dealer firms in the US. The broker oversees a substantial range of accounts, including 34.8 million brokerage accounts, 5.2 million workplace plan accounts, and 1.8 million banking accounts, managing a total of $8.52 trillion in client assets. Schwab’s extensive expertise is highlighted by their processing of approximately 500,000 orders daily. This depth of experience reflects their strong offerings and diverse range of trading instruments.

Charles Schwab Has Cutting-edge Trading Tools

Charles Schwab is a prominent broker-dealer firm in the US, founded in 1971 and known for its role in discount brokerage since 1974. The firm manages a wide array of accounts and oversees a significant amount of client assets. In 2023 Charles Schwab purchased TD-Ameritrade and now offers all products TD-AmeriTrade offers in addition to their own

Key Strengths:

• Top-tier market research and analysis tools
• Excellent customer service
• Low trading fees, including free stocks and ETFs

Charles Schwab Trading Platforms

Available Formats: web platform, mobile app, desktop

Following the purchase of TD-AMeriTrade, Charles Schwab now offers thinkorswim which was previously exclusive to TD-AmeriTrade. From our perspective, thinkorswim aligns closely with MetaTrader 4 given its wealth of technical analysis tools, highly customizable charts, good fundamental analysis tools and live news. You can also automate your trading and practice with a paper money account however use of the platform does comes with a steep learning curve.

As a beginner traders, you can take advantage of Charles Schwab’s paperMoney simulator for a practical learning experience. Seasoned traders, on the other hand, can use the Strategy Roller tool, which automates the management of covered calls. If you wish to algorithmic trade, Schwab offers over 400 technical studies through thinkScript. Additionally, scalpers appreciate the advanced charting features and fast execution provided by Schwab’s ECN-style system.

Given the number and power of in-house tools thinkorswim offers US-based traders, the absence of third-party integrations or social trading doesn’t feel like much of a loss.

Charles Schwab Accounts and Products

Charles Schwab’s extensive range of trading products is a standout feature. As account holders with this full-service brokerage, we had access to more than 65 currency pairs, over 3,000 index mutual funds and ETFs, and an impressive selection of 17,000 mutual funds.

For those interested in exploring derivatives and other products, Charles Schwab’s offerings include cryptocurrency, futures and futures options, options and over-the-counter global stock trading.

Charles Schwab: Our Verdict

For US-based traders aiming to maintain a diverse portfolio, Charles Schwab proves to be a solid choice, granting access to a comprehensive spectrum of trading products and markets.

We discovered that despite IBKR’s label as a “discount” broker, they certainly don’t skimp on the quality of their trading tools. Contrary to what one might expect, their competitive trading costs aren’t at the expense of a top-notch trading experience. Their mobile platform shines, incorporating a range of analytical, charting, and market research tools. Additionally, they present traders with a diverse range of tradeable assets.

IBKR Has The Best Apps And Mobile Interface

While some might label IBKR as merely a ‘discount’ broker, our experience with them paints a different picture. Indeed, IBKR has rolled out an impressive suite of trading tools for US account holders. Their low trading costs didn’t compromise the quality of our trading environment. They presented us with a commendable collection of tradable assets and the standard tools we expect for analysis, charting, and market research.

Key Strengths:

• Large selection of assets to trade
• Strong market research and educational tools
• Low trading costs

IBKR Trading Platforms

Available Formats: web platform, mobile app, tablet

Being familiar with Interactive Brokers, or IBKR as many know it, we were particularly drawn to its stellar mobile app. Tailored for traders always on the move, this app ensures trading from a smartphone or tablet feels just as seamless as from a web app or desktop. While some might associate IBKR primarily with its stock and ETF platforms, US clients could effortlessly trade options, futures, and other non-CFD products across an expansive 135 financial markets.

One of the striking things about IBKR Mobile was its genuine mobile-first approach. Its streamlined, mobile-centric interface didn’t compromise on data richness, technical analysis or charting tools.

Features like SmartRouting™ impressed us by efficiently scanning markets to pinpoint the optimal ECN or market centre for order routing. For money managers like some of us, the Block Trading Desk was a boon, assisting in executing substantial orders at prime rates. Those interested in Environmental, Social, and Governance (ESG) trading would find the Impact Dashboard beneficial.

Innovative features such as the platform’s Option Spread templates were user-friendly, allowing us to assess various strategies by simply dragging and dropping tiles. Similarly, the interactive Order Entry Wheel’s drag-and-drop interface simplified futures trading for us.

Security, of course, was paramount. With trading primarily via mobile devices, the multiple security layers, including two-factor identification and Face ID, gave us peace of mind regarding personal data and transaction records.

Other IBKR Trading Platforms

Apart from the mobile platform, we explored several other trading arenas IBKR presented:

• Trader Workstation is Interactive Brokers’ most powerful trading platform, which makes sense since this is the only platform you can download onto your (Windows) desktop.
• The Fundamentals Explorer is a useful research tool that provides an overview of critical financial information and ratios, essential company facts, relevant historical data and analysts’ forecasts.
• BookTrader allows you to create, modify and transmit your orders within the book price ladder using a single instrument.
• FXTrader is an order management tool that aggregates quotes from 14 major interbank dealers. A wealth of tools for trading options and portfolio management tools are also available.
• IBKR Client Portal is a lite version of Trader Workstation but for web browsers

GlobalTrader and Impact facilitate stock trading across 90 global markets. They also cater to crypto and funds trading. Impact added a sustainability-focused touch, emphasising sustainable stocks.

IBKR Accounts and Products

IBKR distinguished itself in certain aspects that might appeal to trading newcomers and those still honing their skills. For instance, they don’t permit trading on margin, meaning retail traders couldn’t tap into leverage.

Instead of a Standard account, we experienced the IBKR Lite account, which operates on a commission-based model. We noticed the active trading in a month reduced our costs for each standard lot the subsequent month.

However, those of us using the IBKR Lite account found the CFD options somewhat limited, with just 25 currencies. On the brighter side, we had access to over 100 currency pairs for cross-pairing, accompanied by an array of bonds, stocks, options, and futures.

IBKR: Our Verdict

For seasoned traders, IBKR’s volume pricing was a definite advantage. The cost-effectiveness and their advanced mobile trading app made our trading journey with IBKR quite fulfilling.

We liked eToro’s unique approach, which blends a touch of gamification with comprehensive educational support for new traders. This platform is not just about making trading engaging; it also ensures newcomers can confidently find their footing. It’s a brilliant choice for those who might trade occasionally or have a keen interest in cryptocurrencies. In terms of social trading, eToro is a leader, fostering a vibrant community where traders can share insights and learn from each other.

eToro Offers The Most Advanced Copy Trading Facility

Renowned for its innovative “game-ified” stance on trading, we found that eToro provides budding traders with substantial educational resources to navigate the terrain. It’s also an ideal platform for those of us who trade on a more laid-back basis or have a keen interest in cryptocurrency alone.

Key Strengths:

• Innovative, game-ified approach to investing
• Excellent selection of cryptocurrencies, stocks and ETFs
• Supports social and copy trading

eToro Trading Platforms

Available Formats: web platform, mobile app, tablet

Given eToro’s reputation for championing social and copy trading, we weren’t surprised that their unique platform prioritised user-friendliness for traders. A caveat for our American counterparts – eToro has yet to roll out CFD trading for US-based customers. Those in the US can only engage in cryptocurrency and bitcoin trades. Nevertheless, we found some distinctive features on the platform worth our attention.

Unlike some traditional brokers, eToro didn’t bother with a desktop version of its trading platform. This might hint at their assumption that their average user would lean towards the convenience of mobile and web over a traditional PC setup. True to form, eToro amplified its platform’s ‘social’ facet, ensuring a smooth web and mobile interface.

The platform’s interface showcases a continuous stream of advice, insights, and recommendations from eToro’s global network of investors. This feature gave us a real-time pulse on the market sentiments shared by both seasoned eToro retail investors and trading professionals worldwide.

The broker has also invested heavily in developing a sentient data collection tool to monitor top traders on the platform and synthesize their behaviours into a broadly applicable trading strategy. According to eToro, the highly specific nature of the data collected allows it to provide beginner and intermediate traders with more accurate, useful sentient data.

eToro being a specialist in social trading, we were naturally drawn to their CopyTrader and SmartTrader features. While CopyTrader lets you discover, track, and replicate other traders within the eToro realm, Smart Trader works similarly but focuses on indices, crafting trade baskets based on prevalent trends.

Yet, for the veterans among us, there were some gaps. Beyond the limited offerings for US clients (only encompassing cryptocurrency, ETFs and stocks) and the absence of a desktop version, the lack of integration with more versatile platforms. US clients of eToro accustomed to using MetaTrader 4 or MetaTrader 5 will be disappointed.

eToro Accounts and Products

Unlike other brokers on this list, eToro doesn’t offer currencies, Instead, the brokers offer cryptos, stocks and ETFs. On offer are 42 cryptoassets, with eToro applying a 1% charge in both directions. Notably, stocks and ETFs come commission-free.

To open an account, you will need a mere $10. However, those keen on SmartPortfolios need to start with a minimum deposit of $2000.

For those in the US, it’s worth noting that margin trading isn’t available. Yet, you have the choice to power your accounts via crypto wallets.

eToro: Our Verdict

eToro serves as an attractive platform for US trading enthusiasts just venturing into day trading or those with a crypto inclination. It might fall short for seasoned traders or those aiming for a varied investment spread.

We discovered that NADEX, while leaning more towards an exchange than a typical brokerage, deserves a spot on our list due to its unique array of trading products. These include binary options, call spreads, and knock-outs. For US-based traders keen on diving into options contracts, NADEX stands as a beacon of safety. It’s notable for being the inaugural financial services platform to secure licenses from both the National Futures Association and the Commodities Futures Trading Commission.

NADEX Offers The Best Range Of Options At Competitive Prices 

As the pioneering financial services platform to gain licensing from both the Commodities Futures Trading Commission and the National Futures Association, we regard NADEX as one of the most secure avenues for US-based CFD traders to navigate the world of options contracts.

Key Strengths:

• Dedicated to binary options and other exotic derivatives
• Fully regulated and NFA/CFTC-compliant
• Easy funding and low fees.

NADEX Trading Platforms

Available Formats: mobile app, desktop

NADEX account holders can trade options and knockouts on either mobile or desktop platforms for enhanced freedom and flexibility. Wherever our trading happens, we found that the features and tools available remained consistent.

NADEX Accounts and Products

Our US trading colleagues can avail themselves of three distinct types of options contracts with NADEX: knockouts, call spreads, and binary options. The pricing strategy for these underlying instruments is rooted in COMEX and NYMEX futures.

Opening or exiting a contract carries a trading fee of USD$1.00 while settling a contract at expiration costs US$1. (In the case of a binary option expiration where the trader is out of the money, NADEX charges no fee.)

We also observed position limits for each of these contract categories: a cap of 2,500 for binary options, 250 for call spreads, and a limit of 100 for knockouts. The minimum tick values were set at US$1 for call spreads and knockouts and a lower US$.25 for binary options.

NADEX: Our Verdict

For our trading peers who have an inclination towards options and diverse derivatives, NADEX offers a trustworthy platform. The assurance comes from the platform’s compliance with essential US regulatory bodies, allowing traders to operate with confidence.

We liked that Trading.com stands unique as the sole US broker, dedicating its entire portfolio to MetaQuotes’ state-of-the-art trading platform. While it may not flaunt every feature seen in some of the pricier, well-established brokerages, the advantage of tight spreads and cost-effective trading cannot be overlooked. Their commitment to MetaTrader 5 showcases a focused approach, catering specifically to traders who appreciate this platform’s capabilities.

Trading.com Offers The Best MT5 Experience

In our journey profiling US CFD brokers, Trading.com stood out by embracing MetaQuotes’ latest trading platform wholeheartedly. While this broker might not pack all the features found in some of the older, more expensive brokerages, the attraction lies in their tight spreads and cost-effective trading.

Key Strengths:

• Wide range of available instruments to trade
• Straightforward trading environment
• Round-the-clock, live customer support

Trading.com Trading Platforms

Available Formats: web and mobile

Like other newer brokers, Trading.com has taken a mobile-first approach, meaning that account holders may find trading from a phone simpler and more intuitive than the brokerage’s web app.

Their swipe-and-tap interface streamlines setting up your trading environment and initiating trades, making it feel less daunting than other apps. One standout feature we appreciated was the ability to flip our phones to landscape mode for an enlarged chart view, enhancing the tap-to-trade process.

Trading.com + MT5

MT5, as the advanced version of the globe’s preferred trading platform, furnishes traders with an ecosystem tailored for algorithmic and stock trading. Within this platform, traders can navigate through up to 100 charts spanning 21 distinct time frames and utilise 80 technical analysis tools. Users are also presented with a select marketplace of ready-to-use trading robots or the option to design their personalised expert advisors specifically for the MT5 platform.

It’s important to note that trading bots and EAs developed for MT4 will not transfer to MT5 due to differences in the programming language.

Trading.com Accounts and Products

Trading.com presents a single account choice for our US-based trading community: the T1. The broker steers clear from commission charges on trades but operates as a market-maker. Consequently, spreads start a tad wider, beginning at 0.7 pips. Leverage peaks at 1:50 for major pairs and 1:33 for minor pairs, aligning with CFTC and NFA benchmarks.

The broker offers an excellent selection of currency pairs, 71 in total, including all major, minor and exotics.

Trading.com makes opening an account simple and speedy for a hassle-free experience. New clients must make a minimum deposit of US$50 and can fund their accounts via credit card, wire transfer or ACH transfer.

Trading.com: Our Verdict

For US traders on the hunt for a platform that ensures minimal trading expenses, tight spreads, and a formidable platform supporting tech-driven trading tactics, Trading.com appears as a commendable choice.