Best Forex Trading Platforms 2020

The Forex trading platforms give individuals the ability to access and interact with the market. It is an indispensable tool, one that makes both analysis and active trading possible. To put it simply, the platform is the trader's portal to the market.

A truly great platform offers robust functionality through a user-friendly format. In this blog, you’ll will find a selection of quality Forex trading platforms.

01. MetaTrader 4 (MT4)

MetaTrader 4​ is without question the leading trading platform on the market. One of the largest user bases in the Forex industry.

The popularity of MetaTrader 4 is the biggest advantage. MetaTrader 4 offers a clean and uncluttered user-interface, which makes it well appreciated by beginner traders.

Traders can easily switch between the top forex brokers with the platform.

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One-click trading

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50+ Indicators

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Pending and limit orders

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9 time-frames

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Multi charting

02. cTrader Trading Platform cTrader ​is another popular mainstream trading platform for trading. The platform is said to be made by traders, for traders and has certain features that distinguish it from others.

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A modern and sleek looking interface.

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70 technical indicators, 54 timeframes and 4 chart types.

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Level II pricing (now available on MT5).

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Detachable charts.

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Fast-entry execution due to simultaneous order execution for both 32 and 64-bit processors.

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A greater range of order types.

03. NinjaTrader NinjaTrader​ is a popular choice among futures, equities and forex traders. With more than 40,000 users worldwide, the NinjaTrader community offers top-tier support and customer service.

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Customisable charts

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Real-time bid/ask simultaneous data

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Market Analyzer

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Automated strategy programs

04. eToro eToro​ specialises in Social Trading and Copy Trading with a platform specifically designed for trading CFDs.

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Built for social trading

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Copy trading feature

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Performance analysis

05. Plus500 Trading Platform Plus500​ is a CFD provider that offers a large range of financial instruments for trading. The company offers its own proprietary trading platform designed specifically to make monitoring and trading multiple instruments at one time as easy as possible.

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Real-time quotes

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Easy to view and organised layout

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Risk management tools

There are many Forex trading platforms available in the market. Whether you are using automated trading strategies, wanting advanced charting tools, or looking to start copy trading, it is worth exploring demo accounts to determine the right platform for you.