Best Forex Trading Platforms

Forex, the foreign exchange market, is one of the largest financial markets all over the world. In fact, it is bigger than the famous stock market.

If you want to get in on Forex, you’ll need access to a trading platform. There are a ton of choices out there. But you want to choose carefully.

Knowing which is the best Forex trading forum can help in reducing the risk of losing big in Forex.

So which trading platform is best? Well, that depends on a number of factors. Some depend on you and your needs. Some depend on the platforms themselves.

Below are some great options to check out. So, without further ado, let’s get on with it. Here are the some of the best Forex trading platforms right now.

Best overall Forex trading platform – FOREX.com

The reason why this is the best trading forum is because there are so many options to trade on FOREX.com. You can trade more than 80 currency pairs.

To add to that, you can also trade silver and gold. Another benefit of trading in FOREX.com is that you can earn 1 percent interest on your marginable account balance.

They also include advanced trading platforms as well as MetaTrader.

Best investment selection – Interactive Brokers

Interactive Brokers allows you to trade in over 100 currency pairs. Aside from that, Interactive Brokers also allow you to fund your account and trade assets denominated in multiple currencies.

They also allow you to trade in 23 currencies. Interactive Broker uses a powerful platform which is Trader Workstation.

Their trading platform is highly customizable and it supports advanced charting. Interactive Brokers’ fees are low for high-volume traders.

Best app and web Forex trading platform – Saxo Bank

Saxo Bank is a diversified investment broker. They offer stocks, mutual funds, contracts for differences and exchange-traded funds.

This trading platform offers more than 40,000 trading instruments. This includes trading in 182 currency pairs.

They are probably the most exclusive, yet it is still considered a great trading Forex platform. That is because it is highly trusted and it has low risks.

Best Forex platform exclusively for US traders – TD Ameritrade

TD Ameritide is a diversified investment brokerage that offers investments such as stocks, options, and funds. TD Ameritrade offers more than 70 different currency pairs in Forex trading.

It uses the Thinkorswim trading app. This allows traders to trade through desktop and mobile.

TD Ameritrade also uses GAIN capital. It has been a very stable and trusted platform since 1975.

Best for trading platform for low fees – IG Group

Although U.S. residents can only trade Forex using IG Group, the broker’s powerful tools as well as its low cost makes it great. IG is one of the leading Forex providers.

IG Group participates in more than 80 Forex markets, which allows you to trade more than 80 currency pairs.

About Forex

So what exactly is Forex trading? Forex trading allows trading of international currencies. For example, you can trade U.S. dollars to Japanese yen.

A small fluctuation in currency values can produce big profits. But at the same time, it could also produce big losses.

Like any other type of investing, if you don’t know what you’re doing, you can lose a lot of money. We recommend you do your research, start small, only invest money you can afford to lose and go from there.

Find out here if Forex trading is worth it.