November 29, 2020
Forex time

The 3 Best Forex Trading Platforms that make you Rich

Ever wondered which forex trading software best suits you and best suits the market? With a multitude of brokers offering forex trading services online choosing the right one becomes a difficult task. Here are the 3 top forex trading softwares and some features to consider.

FOREXTIME

Pros:

The services offered are all-encompassing. The website is easy to navigate and is accessible in 18 languages.

It provides Straight-Through Processing and ECN set up so users get a choice.

It has an app compatible with IOS and Android.

The FXTM Pro trading account is meant for high-end professionals and institutions.

It gives the option of using MT4 or MT5 with your FXTM account.

It offers a wide variety of deposit and withdrawal options such as wire transfers, credit card deposits, etc.

Cons:

ForexTime offers no WebMoney option for deposits and withdrawals.

Other cons are those that result from inefficiency.

Only available to US clients.

AVATRADE

Avatrade

Avatrade came up in 2006 and is located in Dublin, Ireland. It offers trading services to 150 countries and has offices worldwide.

Pros:

Diverse automated trading package with services that otherwise sell for hundreds being offered for free.

Avatrade offers a wide array of platforms that cater to all types of traders, both automated and manual.

It is a fully customizable platform.

Uses MetaTrader4 and provides flexible and suitable trading environment for all experience levels.

Minimum initial deposit required is $100.

Accepts deposits in many firm ranging from credit cards to wire transfer.

Ava Debit Card feature allows client to withdraw funds without paperwork delaying the process.

The firm’s customer service claims to provide comprehensive support to beginners.

Cons:

Avatrade does not accept US traders

There is a lack of educational and learning programs, which many other platforms offer.

FxPro

Fx Pro

FxPro was founded by two brothers, Ronen Cohen and Yoni Assia, along with partner David Ring in 2006 in Tel Aviv, Israel.

Pros

Excellent educational program

The minimum deposit ranges from $50 to $1000 depending on the country client

Has the option to test out the trading platform through a practice account.

Charges no commission.

The platform is aimed towards new traders and uses animations to depict currencies and their position in the market. 

Cons

Doesn’t possess some advanced features expert traders may need. Thet don’t offer services such as ECN, DMA, STP services.

Export advisor integration is not offered.

An inactivity fee us charged on failing to trade in 12 months   Withdrawals and non USD deposits are charged.

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