A game changer in any trading career is a good and reliable trading platform. Platforms act as a medium that allows you to buy and sell in any trade market of your choosing whether it’s forex, CFDs, commodities, indices and so much more.
And depending on the trading platform you choose–the tools, educational resources, available markets, trading features and so much more can vary in variation and quality. So it’s important to consider a good trading platform to amp up your trading experience and chances of profiting well.
If you’re a starting trader or have been in the game for quite some time now, you’d know tons of popular platforms surfacing the web. And with that many options available it can be hard to choose.
To help you narrow down your list of options, below are trading platforms deemed reliable, efficient and compatible with all sorts of traders. Check each one out and see what catches your eye!
What is MetaTrader 4?
If you’re looking to get into forex trading, then this is the platform for you! MetaTrader 4 or MT4 is a widely used trading platform for retail foreign exchange as well as CFD trading. And you can bet it has proven itself through the years since this platform has been around ever since 2005.
MT4 was developed by MetaQuotes Software Corp and their main goal is to provide traders around the world a licensed software they can utilize when trading with forex or CFDs. They gained their popularity not only because of how long they’ve been running but also because of the great features this platform provides for all traders.
This trading platform is also quite popular when it comes to its extensive range of order types such as pending orders, market orders and stop orders. This allows traders to efficiently enter and exit trades with precaution and precision.
This platform also supports backtesting which allows traders to measure and evaluate their performance when trading. This is to check if their tactics are effective or not through historical data provided by the platform.
Metatrader 4 is deemed to be user-friendly, allows users access to multiple financial markets, provides real-time quotes, offers a wide range of trading tools, has impressive charting and so much more! But one thing that trades simply adore when using MT4 is its automated trading.
How does automated trading work?
Using the platform’s integrated MQL, or MetaQuotes Language, traders may design and apply their trading tactics and approaches. This makes it possible to create unique expert advisors, indicators, scripts, and other tools. This tool may also place trades depending on your instructions and predefined circumstances.
What is Fidelity Investments?
Established back in 1946, this platform is a leading financial service provider based in the United States. It has now grown into one of the biggest investment management companies around the globe. And with that, you can count on them to be credible and respected in the trade community.
But the reason they’re on this list is because of their core offering–brokerage services. They provide traders access to multiple investment options whether you’re into trades like options, stocks, bonds and so on.
They’re also a fan favourite because of how user-friendly their trading platform is. And when registering with them, you can also expect to be met with research tools, real-time market data, trade educational resources and much more!
They’re also well known for their mutual funds, Fidelity offers a wide variety of products that span several asset classes and investing ideologies. The organization, which aims to generate long-term development and outstanding investment performance, is known for its thorough study and investment management experience.
Individual retirement accounts (IRAs), 401(k) plans, and annuities are just a few of the retirement planning options that Fidelity offers. To assist people in making plans for a stable financial future, the organization provides retirement calculators, advisory tools, and qualified counsel.
What is TD Ameritrade?
Founded back in 1975, this well-known trading platform offers a wide scope of investment services and much more to traders and individual investors. They specialize in trade of common stocks, preferred stocks, exchange-traded funds and much more. So you can count on them to be reputable and well-established.
The sophisticated trading platform Thinkorswim offered by TD Ameritrade is one of its standout features. For active traders, this platform provides abundant tools and features, including real-time market data, customisable charts, analysis tools, and proficient order types. A wide variety of financial instruments, such as EFTs, mutual funds, stocks, options, futures and fixed-income investments are also accessible through it.
In addition to managed portfolio options, TD Ameritrade also provides Essential Portfolios and Selective Portfolios. By fusing the advantages of technology and human skill, these providers provide investors with diverse portfolios managed by experts.
As a whole, TD Ameritrade shines out as a trustworthy brokerage company! Providing a full range of financial products, cutting-edge trading technological advances, and a dedication to investor education. It is still a well-liked option for anyone looking for a dependable and feature-rich platform to fulfil their investing needs because it has gained the confidence of numerous investors.
What is Pepperstone?
Another ideal platform for forex and CFD trading is Pepperstone. This is an Australian-based broker that’s quite popular around the globe. Popular for its competitive pricing, comprehensive scope of trading instruments and advanced trading tools. But apart from that, they’re also user-friendly and have a good reputation in the financial industry.
This brokerage was founded back in 2010 and the dedication of Pepperstone to providing traders swift and dependable trade execution is one of its main advantages. The broker offers traders the greatest possible trading experience by utilizing cutting-edge infrastructure and technology that guarantees low-latency execution of orders and less slippage.
Pepperstone offers access to a wide variety of marketplaces for trading products, including foreign exchange, commodities, indexes, cryptocurrencies, and more. Traders may take advantage of cost-effective trading circumstances thanks to competitive spreads and minimal commission costs.
In summary, Pepperstone has created a solid reputation as a trustworthy and dependable broker in trade. Simply by providing clients with cutting-edge trading technology, affordable pricing, and a variety of trading instruments. It has been a top option for numerous traders worldwide thanks to its dedication to high-quality execution and client service.