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Forex Trading Platform

Are you looking for the best forex trading platform? Below you will find inn depth review & rating of the most popular trading platforms, including MT4, MT5, Currenex, ActTrader, droidTrader, iPhone and Android trading apps


Metatrader 4 - MT4

Metatrader 4 is by far the most popular forex trading platform in the world today. It was released back in 2005 by Metaquotes Software and quickly became the traders’ favorite piece of software because of its user-friendly interface, variety of tech indicators, and auto-trading capabilities. MT4 client terminal is free for download. Everything you need to do in order to try it is to register a free demo account with a Metatrader forex broker.  

Metatrader 5 - MT5

That’s right, Metatrader 5 is the MT4’s successor, released in 2010. However for the 5 years since MT4 release its fans built an incredibly exuberant ecosystem of EAs (standing for Expert Advisors, auto trading bots for Metarader), custom indicators, forex signal solutions etc.  Unfortunately MT5 wasn’t designed to support EAs and custom indicators, coded for Metatrader 4. Traders wasn’t motivated to migrate to MT5 and refused to give up the old but gold MT4 platform. For a long time most brokers only offered demo MT5 accounts, however up to date there is a large enough number of brokers letting you trade live on the platform. 


Currenex is an ECN forex trading platform, actually the biggest spot fx networks around. if you are trading via Currenex forex broker, your trades are transmitted to  a number of liquidity providers that the broker has agreements with via sophisticated trade matching technology.
Usually you need at least $20,000 to open an account with a forex broker offering Currenex trading platfrom. 


ActTrader is a full-featured forex trading platfrom that allow traders to customize workspace using tabs and detachable windows. Unlike MT4 and MT5,  ActTrader comes with built-in One-click trading feature, that allows traders to open and manage positions in the fastest manner. 


In 2011 ActForex launched FXApps, an analog of Metaquotes'  MQL4 CodeBase. FxApps is an app store for Traders to find the best automated trading strategies, desined exclusively for the ActTrader platform.  


For those that don't have programming skills, ActForex released ActVat, an Visual Strategy Editor in the ActTrader platfrom, that allows you to automate your trading strategies directly from charts without writing a single line of code.


Mirror Trader

Mirror Trader is a  forex trading platform, that uses cutting edge technology to provide traders with wide set of trading strategies. With Mirror Trader you can choose from three trading modes:


Automatic Mirroring - Mirror Trader will automatically execute selected trading strategies on your forex account. No manual confirmation needed. 


Semi Automatic Mirroring - You will be able to view all the strategies’signals in real time and confirm manually only the trades you want to mirror to your forex account. 


Manual Trading - make discretionary trading decisions 




cTrader is a true ECN platform developed by Spotware. It offers traders a large set technical analysis tools, access to a deep pool of liquidity providers such as Boston Prime, Citi and Sucden Financial, and lightning fast execution. 



Android trading platforms

Metatrader 4 is undisputed leader among the desktop trading platforms, but Metaquotes didn’t develop a mobile MT4 for Android. Fortunately it was done by an innovative US based company, called Forex On the Go. Its droidTrader is the most popular forex trading platform for Android powered devices. It brings real time pricing, charts, and trading to your Android phone or tablet and allows you to access your MT4 trading account on the go. 
However Metatrader 5 has an Android version, developed by Metaquotes. 
Meanwhile several Forex brokers released in-house designed apps – for instance FX Trade for Android by Oanda and FOREXtrader for Android by .Here is the full list of brokers offering android trading platforms.



Forex Trading Platform

Broker Country Regulation Min.deposit Platforms Review
Cyprus, UK, Mauritius CySec, FCA, FSC $10 MT4, MT5, Web Review Website
Cyprus, SVG CySEC $100 MT5, Web,
Review Website
Australia, Cyprus ASIC, CySEC $100 MT4, MT5, Iress Review Website
Cyprus, Australia CySec, ASIC $5 MT4, MT5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA $50 MT4, Trading
Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB $100 MT4, MT5, FxPro
Review Website
Cyprus CySEC $1 MT4, MT5, Web Review Website
Belize IFSC $100 MT4, MT5 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA $5 MT4, MT5, Web Review Website
Cyprus, UK CySEC, FCA $1 MT4, MT5 Review Website
UK FCA $100 MT4, Web, MT4
for Mac
Review Website
UK FCA $5 MT5 Review Website

Related News

FP Markets launches a suite of cutting-edge MT4 tools for traders

Mar 06 2019 14:31:42 Jonathan Smith in Brokers

  FP Markets, a market-leading Forex and CFD provider, launches MT4 Trader Toolbox, a suite of twelve online trading tools which will take their clients’ trading to the next level. Read more

Hot Forex launches trading on MT5

Jul 23 2018 07:38:53 Jonathan Smith in Brokers

  CySEC-regulated, global broker Hot Forex announced previous week it adds the MetaTrader 5 (MT5) platform to its offering. Now, clients of the broker can trade forex and CFDs on both MetaQuotes’ platforms – MT4 and MT5. Read more

FXTM launches MT5 trading for Pro account holders

Apr 11 2018 10:02:35 Jonathan Smith in Brokers

  Global forex broker FXTM announced that trading on MetaTrader 5 (MT5) is now also available for Pro account holders. Previously, only its clients with regular ECN accounts had this opportunity. Read more

FXTM has reduced spreads on ECN MT5 accounts

Feb 23 2018 08:07:52 Jonathan Smith in Brokers

Global forex broker FXTM said it has reduced the spreads on most forex pairs and spot metals on the ECN MT5 accounts.   The reduction of the spreads of some forex pairs reaches 65% and on spot metals – 29%. Read more

Gold-i launches cryptocurrency bridge for MT4 and MT5 brokers

Oct 30 2017 12:09:36 Jonathan Smith in Software

Gold-i, the UK-based trading technology provider, has announced the launch of a new cryptocurrency solution for MetaTrader (MT4 and MT5) – the Crypto Switch. This is a bridge, which will allow brokers access to some of the leading cryptocurrency exchanges and liquidity providers. Read more

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