Free forex platforms
You can start trade without pressure and risk free presently, forex trading becoming more popular, so there are too many traders and they want to start deposit free welcome mean no deposit bonus.
Huge forex bonuses
Expose what is the meaning of forex no deposit bonus. You gain a real forex trading account with original money on it no deposit required from your side
Youвђ™re probably interested in forex live trading. It is a good way to increase your wealth if you have the right skills and knowledge about the industry as a whole. However, itвђ™s worth to mention that there are a lot of pitfalls in forex trading. If you fail to become an expert in trading before investing large sums of money in it, you may be leading yourself towards financial ruin.
Now, sure, you have read dozens of articles on forex and how to make a profit on it. You have seen dozens of people talk about their immense fortunes earned by trading. What you havenвђ™t seen is thousands of people who only suffered losses when they started trading. Donвђ™t become one of them, trade with skill.
You canвђ™t get experience unless you fail. But how do you get trading skills if you donвђ™t want to lose your own money to learn? The answer is to get a no deposit forex bonus on a forex trading platform.
It is a free bonus (no deposit required) with no deposit required and no strings attached. You just have to register to get anywhere from $30 to $500 for free to get you started in trading. Make sure you don't waste the money and work hard to learn the basics.
Is bonus with no deposit on forex a scam?
While the industry has seen some fraudulent projects, most places that offer trading bonuses with no deposit are trustworthy. The thing is there are so many trading platforms that they have to compete against each other to win new paying customers. Giving away some free money for you to learn how to trade is only beneficial for them.
Profit from their offers. Browse the list of trading platforms that offer no deposit bonuses and chose the most beneficial option fo you.
Forex no deposit bonus is risk free and deposit free bonus. You don’t need any deposit, the broker will give you bonus after opening a new account. Just you need to register with a forex broker and verify your account. Then you can start your live trading.
This how forex broker makes their potential client. Forex broker utilizes no deposit bonuses to pull in new customers, particularly in the event that they are new brokers, to expand their demographic as quickly as conceivable which is the reason they offer such free rewards.
Presently, forex trading becoming more popular, so there are too many traders and they want to start deposit free welcome mean no deposit bonus. Luckily, there is various forex broker offering no deposit bonus for beginners. They offer amazing bonuses, often $5 USD to 100 USD.
How free bonus is important?
Most of the brokers offering bonus. In any case, the greater part of them is unregulated. They are doing it is a great way to find new clients and they can’t find another good way. But regulated forex broker is good they offer some good bonuses for a newbie to familiar with live trading and their trading platform. We reviewed unregulated forex broker offer a free bonus with too many conditions and trading period is very short like 15 days, 20 days maximum 30 days, also you can’t withdraw the bonus, you have to trade required standard lot volume within a short time. Also, you fell trouble with leverage, the maximum amount of withdrawing and withdrawal method and other things. Then?
However, forex free reward is significant for currency traders. A regulated broker always offers a good bonus with some easy conditions to familiar with them. I think finding a trustable broker is important, so a beginner can join with a regulated broker bonus and they have to check some important factors like leverage, speared, fees and commissions and other things. One other thing is a security issue and trading platform.
So you already got it free bonus is important and joining with a regulated broker is better.
In this case, if you are a newbie in this forex trading market, obviously you can start with a free no deposit bonus. Forex is an extremely entangled and professional market, you need some experience to success on trade. In this case, if you are new in the FX market, utilizing a free reward can enable you to make some profit and increase some knowledge on how the market actually work you can make money more.
When you get familiar with your way (strategy, techniques), you don’t need the free reward again. You'd have the option to trade and make plenty of benefits by live trading. Moreover, experience traders, sometime takes a free bonus to multiply their profit and test a new strategy.
Terms and conditions for free forex bonuses
The different broker set different terms and conditions. There are a lot of terms and conditions in a free bonus, some terms and conditions are really hard. Like you have to trade a certain number of standard lot volume to withdraw profit. But there have also some good trader they regularly making money with this free bonuses. They use tricky techniques, they always hunt bonus presenting a website to choose an amazing bonus. The choose bonus then joins, start trading make some money, and build up their special strategy.
On the other hand, some other brokers will give you one time to withdraw conditions. Some will ask to deposit for withdrawing and some will say to start live trading and internal transfer your amount.
Discover more about the free bonuses
You have learned a lot already from here, but sometimes beginner asks some question us this like:
Is forex free bonus is a welcome bonus?
Actually, most of the time broker gives the bonus after joining with them so you can say it is forex welcome bonus.
Also, some reputed broker gives a bonus to their old clients and new clients, its deposit bonus like a 20% deposit bonus. Example: a trader after deposit $100 the broker will give $20 and the trader will able to trade with $100.
Does forex broker give no deposit bonus without verification?
Yes! Usually, a broker doesn’t provide the free bonus without verification. First things you need to fill-up at least your name and email, you have to confirm your email id for the complete creation of account.
Usually, the broker wants some individual data like ID card, passport or utility document after opening or before withdrawing profit.
But sometimes it happens that forex broker offers no deposit bonus without any verification.
Can I make money with a free bonus?
Why not? The broker gives the bonus to trade on the real market. It totally depends on you, if you can make some profit it’s obviously yours. But we suggest free bonus for newbie and learn something and for familiar with real market trading and for preparing themselves for the future.
So you can make with free bonus and withdraw it after meeting the terms and conditions.
What is the best thing in a free bonus?
The best thing is if you have a no fund you can start live trading, you can learn new thing and if you can make some profit further you can trade it with a forex deposit bonus that will boost your trading capital.
So you have to start with a free bonus wisely.
Conclusion
Forex no deposit or deposit free trading bonus is a kind of blessing for a newbie, they can start live trading with it easily. Here is some good opportunity will help you to take a decision to choose a free bonus.
- You can start live trading without any deposit
- You can change your broker platform of a broker
- You can earn some money and grow your confidence
You can change your trading instruments (currency pair, stocks, indices, share, commodities, and crypto currency)
You can start trade without pressure and risk free
You can develop your trading plan, strategy, and pattern
So you may say the free bonus is a really good opportunity to learn real forex trading, familiar with live trading environment and prepare yourself to take the challenge (forex trading contest)
What is the best forex trading platform?
This article will take a look at the available options in your search for the best forex trading platform in 2021. We will look at what actually makes a good trading platform and how to choose the right one for your trading style.
Forex (FX) trading is performed online via an electronic trading platform. Naturally, many traders are curious as to what the best forex trading platform is. In fact, 'which forex trading platform is the best?' is one of the main questions that a trader asks when beginning their trading journey. This is especially true in current times, as there is a lot of competition out there in terms of software.
The trading software industry is heavily dominated by metaquotes corp - the company behind metatrader 4 (MT4), which is the most popular software used by traders in the retail forex market. Whilst metatrader 4 is the dominant choice for many professional traders, there are other options which have developed in recent years.
Metaquotes platforms
When it comes to trading FX online, most brokers will supply you with various trading platforms, yet metatrader platforms are the most common. This software was developed nearly ten years ago. There are two primary choices of the trading platform currently offered by metaquotes corp - metatrader 4 and metatrader 5.
Metatrader 4
Metatrader 4 is a platform, which was specifically designed for FX trading. As retail forex is a relatively new industry, it did not have reliable third party software available until metatrader 4 appeared. This is a reliable trading platform that provides traders with lots of useful features. These include:
- 1-click trading
- Lots of available expert advisors
- Over 50 indicators
- Pending orders
- Limit orders
- Multi charting
- Nine different time-frames
Advantages of metatrader 4
These are just a few of the benefits of metatrader 4. One of its strongest selling points is its stability. You can really count on this platform. In addition to this, it is also supplied with a powerful set of mobile apps. These applications are available for nearly any type of operating system, including ios, android, and windows. Needless to say, these mobile platforms are also very stable and powerful.
Disadvantages of metatrader 4
Occasionally you may find that some brokers offer wider spreads on the MT4 platform in comparison with the smaller spreads they may offer through their main trading platform (assuming that the broker in question offers several trading platforms to trade on.). Additionally, some professional traders argue that the platform is slower in comparison with other trading platforms.
Source: metatrader 4 - market watch - several different currency pairs opened in mini terminals
Metatrader 4 supreme edition add-on
Whilst metatrader 4 is quite a powerful platform in itself, admiral markets offers a plugin for it known as metatrader 4 supreme edition. It's a plugin that has over 50 additional tools for traders. Once you have downloaded your MT4 forex trading platform, you will need to download admiral markets' metatrader 4 supreme edition and install this package over the original metatrader 4 installation.
This plugin significantly increases the advantages of metatrader 4 - and it also allows users access to a more flexible 1-click-trader, also known as the 'mini-terminal'. New orders, like OCA orders will become accessible and you will even be able to drag and drop your stop-losses and take-profits. Admiral markets recognises the great advantages of MT4, and has developed this add-on to make it even better for its clients.
Metatrader 5
Quite similar to metatrader 4, this is one of the best forex trading platforms currently available. In general, metatrader 5 is slightly faster, supports more types of orders, comes with a larger amount of indicators and has some additional features. Whilst it is a better platform, there aren't any huge, revolutionary differences which can make metatrader 4 redundant. What is good about metatrader 5 for both traders and brokers is that it can handle a larger amount of trading instruments compared to metatrader 4.
Advantages of metatrader 5
While metatrader 5 is similar to metatrader 4 there are some distinct advantages that are simply not found in other forex trading platforms. For example, metatrader 5 has:
- 21 timeframes the trader can view. This includes 11 types of 'minute' charts (such as M1, M2, M3, etc), seven types of 'hourly' charts (such as H1, H2, H3, etc) as well as daily, weekly and monthly charts. Most platforms, such as metatrader 4 only come with nine timeframes.
- Six types of pending orders including buy-stop, sell-stop, buy-limit, sell-limit, buy-stop-limit and sell-stop-limit orders. Metatrader 4 and other platforms typically offer only the first four types of pending orders.
- The ability to switch between 'hedging' mode and 'netting' mode. Hedging mode allows the ability to take trades in opposing positions and has revolutionised the trading options for forex traders.
- The depth of market (DOM) function which allows forex traders to view the bids and offers at different prices of a financial instrument.
Metatrader 5 supreme edition add-on
While metatrader 5 is fully loaded with advanced trading features, making it one of the best and most powerful trading platforms available for forex trading, admiral markets offers a plugin called metatrader 5 supreme edition which offers even more advanced trading tools. These include:
- Inbuilt technical analysis insight and access to an award-winning technical analysis pattern recognition system from trading central.
- A mini-terminal function allowing traders to open and manage positions more effectively with integrated lot-size and margin calculator and smart order lines for partial closing and time-based stops.
- An inbuilt trading history analyser which allows traders to view detailed statistics of their trading performance to help optimise future trading decisions.
- Advanced trading indicators such as candle countdown, pivot points, renko charts and much more.
Once you have downloaded your MT5 forex trading platform, you will need to download admiral markets' metatrader 5 supreme edition and install this package over the original metatrader 5 installation.
Other trading platforms
Ctrader
In recent years, spotware has developed 'ctrader' as a competing trading platform for forex traders. While the platform does offer advanced charting and trading features, similar to the metatrader platform there are some differences:
- As metatrader is one of the best known platforms for auto-trading it has a large online community that share new strategies and indicators. It also makes it much easier to find support on the internet for the metatrader platforms, whereas support may be limited for ctrader's auto-trading capabilities.
- Ctrader does not allow the customisation of indicators and has limitations to using third party programmes whereas metatrader is fully customisable.
- Metatrader comes packed with additional features such as an economic calendar, real time market news and 'signal trading' functionality whereas ctrader does not have any of these features.
As this platform is available in a web browser, there hasn't been a strong emphasis placed on the development of mobile apps until recent times. At the moment, ctrader is supplied for android and ios devices only. Whilst this probably does cover the majority of traders, it does hinder those using a windows phone. Metatrader 4 and 5 are certainly the best trading platforms for forex mobile trading.
Ninjatrader
The ninjatrader trading platform has been around since 2004 and is designed for active forex, futures and stock traders. While the platform offers advanced charting, automated strategy development and trade simulation, those who wish to execute trades from their platform must purchase a lifetime licence or lease the platform on a quarterly or annual basis.
One of the main reasons metatrader platforms are so popular and commonly used is the fact they are free to the trader via their broker. And, in some cases such as with admiral markets, advanced trading tools like the supreme edition plugin also come at no additional cost.
Furthermore, ninjatrader acts primarily as the trading platform and is not a market data provider. This means in order to receive end-of-day or real-time market data, users need to connect their platform to one of the market data providers ninjatrader operates with, such as google finance or kinetick.
Esignal
The esignal trading platform is geared towards advanced traders who enjoy fully customisable features. While the platform offers all the standard features expected of a modern trading platform, users can create their own trading strategies or market screeners through the coding language.
The platform offers advanced drawing tools such as time and price squares and gann boxes, as well as the ability to view up to 500 symbols at one time. However, to access streaming and real-time data feeds, traders need to connect their platform with one of esignal's supported brokers. This means users will have to lease the platform from esignal for a monthly or annual fee.
Prorealtime
The prorealtime trading platform is a technical analysis software developed in france by IT-finance. The platform is unique as it is a web-based software that is backed up on the company's cloud network. The platform itself offers a wide range of advanced charting and analytical tools, as well as the ability to create customised market scanners and trading strategies using their prorealcode language.
However, users must pay a software licence to use the platform. On top of this, there are additional fees to access real-time market data.
Conclusion - what is the best forex trading platform?
As you can see, there is a lot to consider when choosing the best forex trading platform for professionals and beginners - but metatrader 4 and metatrader 5 tend to receive the most positive reviews and frequently top the list for best software. They are time tested and have been proven to work over and over again. You will be pleased to know that you can download metatrader 5 for FREE, on mac or PC, by clicking the banner below! With admiral markets, you can also practice on the best forex trading platform in a risk-free environment using a free demo account.
About admiral markets
Admiral markets is a multi-award winning, globally regulated forex and CFD broker, offering trading on over 8,000 financial instruments via the world's most popular trading platforms: metatrader 4 and metatrader 5. Start trading today!
This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.
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You can always use the ninjatrader platform for FREE & benefit from:
- Advanced charting
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- Strategy backtesting
- Real-time scanner
- Market playback
- Custom C# ninjascript development
- Free EOD historical data for stocks, futures and forex
- Choice of market data feeds including kinetick
- 1000s of 3rd party add ons to personalize your trading software
- 100s of free apps & tools built by the user community
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The ninjatrader platform is owned & operated by ninjatrader, LLC, an affiliate company to ninjatrader brokerage.
Copyright © 2021. All rights reserved. Ninjatrader and the ninjatrader logo. Reg. U.S. Pat. & tm. Off.
Ninjatrader group, LLC affiliates: ninjatrader, LLC is a software development company which owns and supports all proprietary technology relating to and including the ninjatrader trading platform. Ninjatrader brokerage™ is an NFA registered introducing broker (NFA #0339976) providing brokerage services to traders of futures and foreign exchange products.
Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one’s financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. View full risk disclosure.
Expose what is the meaning of forex no deposit bonus. You gain a real forex trading account with original money on it no deposit required from your side
Youвђ™re probably interested in forex live trading. It is a good way to increase your wealth if you have the right skills and knowledge about the industry as a whole. However, itвђ™s worth to mention that there are a lot of pitfalls in forex trading. If you fail to become an expert in trading before investing large sums of money in it, you may be leading yourself towards financial ruin.
Now, sure, you have read dozens of articles on forex and how to make a profit on it. You have seen dozens of people talk about their immense fortunes earned by trading. What you havenвђ™t seen is thousands of people who only suffered losses when they started trading. Donвђ™t become one of them, trade with skill.
You canвђ™t get experience unless you fail. But how do you get trading skills if you donвђ™t want to lose your own money to learn? The answer is to get a no deposit forex bonus on a forex trading platform.
It is a free bonus (no deposit required) with no deposit required and no strings attached. You just have to register to get anywhere from $30 to $500 for free to get you started in trading. Make sure you don't waste the money and work hard to learn the basics.
Is bonus with no deposit on forex a scam?
While the industry has seen some fraudulent projects, most places that offer trading bonuses with no deposit are trustworthy. The thing is there are so many trading platforms that they have to compete against each other to win new paying customers. Giving away some free money for you to learn how to trade is only beneficial for them.
Profit from their offers. Browse the list of trading platforms that offer no deposit bonuses and chose the most beneficial option fo you.
Forex no deposit bonus is risk free and deposit free bonus. You don’t need any deposit, the broker will give you bonus after opening a new account. Just you need to register with a forex broker and verify your account. Then you can start your live trading.
This how forex broker makes their potential client. Forex broker utilizes no deposit bonuses to pull in new customers, particularly in the event that they are new brokers, to expand their demographic as quickly as conceivable which is the reason they offer such free rewards.
Presently, forex trading becoming more popular, so there are too many traders and they want to start deposit free welcome mean no deposit bonus. Luckily, there is various forex broker offering no deposit bonus for beginners. They offer amazing bonuses, often $5 USD to 100 USD.
How free bonus is important?
Most of the brokers offering bonus. In any case, the greater part of them is unregulated. They are doing it is a great way to find new clients and they can’t find another good way. But regulated forex broker is good they offer some good bonuses for a newbie to familiar with live trading and their trading platform. We reviewed unregulated forex broker offer a free bonus with too many conditions and trading period is very short like 15 days, 20 days maximum 30 days, also you can’t withdraw the bonus, you have to trade required standard lot volume within a short time. Also, you fell trouble with leverage, the maximum amount of withdrawing and withdrawal method and other things. Then?
However, forex free reward is significant for currency traders. A regulated broker always offers a good bonus with some easy conditions to familiar with them. I think finding a trustable broker is important, so a beginner can join with a regulated broker bonus and they have to check some important factors like leverage, speared, fees and commissions and other things. One other thing is a security issue and trading platform.
So you already got it free bonus is important and joining with a regulated broker is better.
In this case, if you are a newbie in this forex trading market, obviously you can start with a free no deposit bonus. Forex is an extremely entangled and professional market, you need some experience to success on trade. In this case, if you are new in the FX market, utilizing a free reward can enable you to make some profit and increase some knowledge on how the market actually work you can make money more.
When you get familiar with your way (strategy, techniques), you don’t need the free reward again. You'd have the option to trade and make plenty of benefits by live trading. Moreover, experience traders, sometime takes a free bonus to multiply their profit and test a new strategy.
Terms and conditions for free forex bonuses
The different broker set different terms and conditions. There are a lot of terms and conditions in a free bonus, some terms and conditions are really hard. Like you have to trade a certain number of standard lot volume to withdraw profit. But there have also some good trader they regularly making money with this free bonuses. They use tricky techniques, they always hunt bonus presenting a website to choose an amazing bonus. The choose bonus then joins, start trading make some money, and build up their special strategy.
On the other hand, some other brokers will give you one time to withdraw conditions. Some will ask to deposit for withdrawing and some will say to start live trading and internal transfer your amount.
Discover more about the free bonuses
You have learned a lot already from here, but sometimes beginner asks some question us this like:
Is forex free bonus is a welcome bonus?
Actually, most of the time broker gives the bonus after joining with them so you can say it is forex welcome bonus.
Also, some reputed broker gives a bonus to their old clients and new clients, its deposit bonus like a 20% deposit bonus. Example: a trader after deposit $100 the broker will give $20 and the trader will able to trade with $100.
Does forex broker give no deposit bonus without verification?
Yes! Usually, a broker doesn’t provide the free bonus without verification. First things you need to fill-up at least your name and email, you have to confirm your email id for the complete creation of account.
Usually, the broker wants some individual data like ID card, passport or utility document after opening or before withdrawing profit.
But sometimes it happens that forex broker offers no deposit bonus without any verification.
Can I make money with a free bonus?
Why not? The broker gives the bonus to trade on the real market. It totally depends on you, if you can make some profit it’s obviously yours. But we suggest free bonus for newbie and learn something and for familiar with real market trading and for preparing themselves for the future.
So you can make with free bonus and withdraw it after meeting the terms and conditions.
What is the best thing in a free bonus?
The best thing is if you have a no fund you can start live trading, you can learn new thing and if you can make some profit further you can trade it with a forex deposit bonus that will boost your trading capital.
So you have to start with a free bonus wisely.
Conclusion
Forex no deposit or deposit free trading bonus is a kind of blessing for a newbie, they can start live trading with it easily. Here is some good opportunity will help you to take a decision to choose a free bonus.
- You can start live trading without any deposit
- You can change your broker platform of a broker
- You can earn some money and grow your confidence
You can change your trading instruments (currency pair, stocks, indices, share, commodities, and crypto currency)
You can start trade without pressure and risk free
You can develop your trading plan, strategy, and pattern
So you may say the free bonus is a really good opportunity to learn real forex trading, familiar with live trading environment and prepare yourself to take the challenge (forex trading contest)
Forex trading
Harness volatility in the world’s most-traded financial market with the UK’s no.1 retail forex provider. 1
Start trading today. Call 0800 195 3100 or email newaccounts.Uk@ig.Com. We’re here 24 hours a day, from 8am monday to 6pm friday.
Contact us: 0800 195 3100
Start trading today. Call 0800 195 3100 or email newaccounts.Uk@ig.Com. We’re here 24 hours a day, from 8am monday to 6pm friday.
Contact us: 0800 195 3100
Why trade forex with us?
Get an edge with the UK’s best web-based platform and award-winning mobile apps 2
Negative balance protection ensures that your
account never stays below zero 3
Get friendly, expert support 24 hours a day from 8am saturday to 10pm friday
Identify FX opportunities on clear, fast charts and deepen your analysis with prorealtime
Get peace of mind trading forex online with a provider that's authorised and regulated by the FCA
Open a free forex trading account quickly and easily – you could be trading forex in minutes
Ways to trade forex with IG
| spread betting | CFD | DMA (forex direct) | |
| main benefits | profits are tax-free in the UK 4 | tax-deductible losses are useful for hedging 4 | increased market transparency and order control |
| accessible to | all clients | all clients | professional clients only 5 |
| traded in | £ (or other base currency) per point | contracts | lots |
| tax status | no capital gains tax (CGT) or stamp duty 4 | no stamp duty, but you do pay CGT. Losses can be offset as a tax deduction 4 | no stamp duty, but you do pay CGT. Losses can be offset as a tax deduction 4 |
| commission | commission-free | commission-free for FX | variable commission |
| platforms | web, mobile app and advanced platforms | web, mobile app and advanced platforms | L2 dealer, mobile app, terminals and apis |
| learn more | learn more | learn more |
What is forex trading?
Forex trading is the buying and selling of currencies on the foreign exchange market with the aim of making a profit.
Forex is the world’s most-traded financial market, with transactions worth trillions of dollars taking place every day.
What are the benefits?
- Go long or short
- 24-hour trading
- High liquidity
- Constant opportunities
- Trade on leverage
- Wide range of FX pairs
How do I trade forex?
- Decide how you’d like to trade forex
- Learn how the forex market works
- Open a forex trading account
- Build a trading plan
- Choose your forex trading platform
- Open, monitor and close your first position
Open an account now
Open an account now
Fast execution on a huge range of markets
Enjoy flexible access to more than 17,000 global markets, with reliable execution
Deal seamlessly, wherever you are
Trade on the move with our natively designed, award-winning trading app
Feel secure with a trusted provider
With 45 years of experience, we’re proud to offer a truly market-leading service
Open an account now
Open an account now
Fast execution on a huge range of markets
Enjoy flexible access to more than 17,000 global markets, with reliable execution
Deal seamlessly, wherever you are
Trade on the move with our natively designed, award-winning trading app
Feel secure with a trusted provider
With 45 years of experience, we’re proud to offer a truly market-leading service
Start trading now
Log in to your account now to access today’s opportunity in a huge range of markets.
Start trading now
Log in to your account now to access today’s opportunity in a huge range of markets.
How much does FX trading cost?
Margins
When you spread bet and trade cfds you do so with leverage – meaning you can win, or lose, a significant amount more than your initial deposit – called your margin. Though not actually a cost to you, the margin you pay makes a big difference to the affordability of your forex trade.
Spreads
Your key payment for trading forex is the spread – the difference between the buy and the sell price – our charge for executing your trade. We work to keep our spreads among the lowest in the business.
| Spot FX | retail margin | leverage equivalent | professional margin what is this? | Leverage equivalent |
| EUR/USD | 3.33% | 1:30 | 0.45% | 1:222 |
| AUD/USD | 3.33% | 1:30 | 0.45% | 1:222 |
| USD/JPY | 3.33% | 1:30 | 0.45% | 1:222 |
| EUR/GBP | 3.33% | 1:30 | 0.45% | 1:111 |
| GBP/USD | 3.33% | 1:30 | 0.45% | 1:111 |
| EUR/JPY | 3.33% | 1:30 | 0.45% | 1:222 |
| USD/CHF | 3.33% | 1:30 | 1.35% | 1:74 |
| spot FX | IG min. Spread | IG av. Spread 6 | IG av. Spread (00:00-21:00) 7 |
| EUR/USD | 0.6 | 1.00 | 0.75 |
| AUD/USD | 0.6 | 1.01 | 0.74 |
| USD/JPY | 0.7 | 1.12 | 0.83 |
| EUR/GBP | 0.9 | 1.71 | 1.19 |
| GBP/USD | 0.9 | 1.66 | 1.19 |
| EUR/JPY | 1.5 | 2.27 | 1.76 |
| USD/CHF | 1.5 | 2.15 | 1.91 |
How much will I have to pay?
Margins
When you spread bet and trade cfds you do so with leverage – meaning you can win, or lose, a significant amount more than your initial deposit – called your margin. Though not actually a cost to you, the margin you pay makes a big difference to the affordability of your forex trade.
Spreads
Your key payment for trading forex is the spread – the difference between the buy and the sell price – our charge for executing your trade. We work to keep our spreads among the lowest in the business.
| Spot FX | retail margin | leverage equivalent | professional margin | leverage equivalent |
| EUR/USD | 3.33% | 1:30 | 0.45% | 1:222 |
| AUD/USD | 3.33% | 1:30 | 0.45% | 1:222 |
| USD/JPY | 3.33% | 1:30 | 0.45% | 1:222 |
| EUR/GBP | 3.33% | 1:30 | 0.45% | 1:111 |
| GBP/USD | 3.33% | 1:30 | 0.45% | 1:111 |
| EUR/JPY | 3.33% | 1:30 | 0.45% | 1:222 |
| USD/CHF | 3.33% | 1:30 | 1.35% | 1:74 |
| spot FX | IG min. Spread | IG av. Spread 6 | IG av. Spread (00:00-21:00) 7 |
| EUR/USD | 0.6 | 1.00 | 0.75 |
| AUD/USD | 0.6 | 1.01 | 0.74 |
| USD/JPY | 0.7 | 1.12 | 0.83 |
| EUR/GBP | 0.9 | 1.71 | 1.19 |
| GBP/USD | 0.9 | 1.66 | 1.19 |
| EUR/JPY | 1.5 | 2.27 | 1.76 |
| USD/CHF | 1.5 | 2.15 | 1.91 |
It’s free, quick and simple to create an account with us. Open one today, and you’ll get access to over 17,000 financial markets.
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Why open a trading account with anyone but the best spread betting provider? With 45 years of experiance, we're proud to offer a truly market-leading service.
Choose the world's no. 1 spread betting provider
Why open a trading account with anyone but the best spread betting provider? With 45 years of experiance, we're proud to offer a truly market-leading service.
Choose the world's no. 1 spread betting provider
Why open a trading account with anyone but the best spread betting provider? With 45 years of experiance, we're proud to offer a truly market-leading service.
Choose the world's no. 1 spread betting provider
Why open a trading account with anyone but the best spread betting provider? With 45 years of experiance, we're proud to offer a truly market-leading service.
Choose the world's no. 1 spread betting provider
Why open a trading account with anyone but the best spread betting provider? With 45 years of experiance, we're proud to offer a truly market-leading service.
Choose the world's no. 1 spread betting provider
Why open a trading account with anyone but the best spread betting provider? With 45 years of experiance, we're proud to offer a truly market-leading service.
Get the latest forex news
EUR/USD and GBP/USD edge down as USD/JPY attempts to move higher
EUR/USD and USD/JPY reach resistance, while GBP/USD trends upward
The outlook for EUR/USD is unclear, data suggest
Futures vs options: what are the key differences?
Try these next
Spread betting
How to manage risks
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Learn more about spread betting with IG.
Mitigate against forex trading risk with our range of stop and limit orders, and keep an eye on forex prices with customisable alerts.
See how we've been changing the face of trading for more than 40 years.
1 by number of primary relationships with FX traders (investment trends UK leveraged trading report released june 2020).
2 best trading platform as awarded at the ADVFN international financial awards and professional trader awards 2019. Best trading app as awarded at the ADVFN international financial awards 2020.
3 negative balance protection applies to trading-related debt only, and is not available to professional traders.
4 tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK.
5 the advertised offering is only available to individual clients capable of obtaining ‘professional’ status. This requires experience of trading relevant products on your own account above a certain size, experience of working within the financial sector for at least one year in a relevant position and/or a personal investment portfolio worth at least €500,000.
6 average spread (monday 00:00 - friday 22:00 GMT) for the 12 weeks ending 29th may 2020. For our minimum spreads, please see our forex spread bet and CFD details.
7 average spread (between 00:00-21:00 GMT monday to friday) for the 12 weeks ending 29th may 2020. For our minimum spreads, please see our forex spread bet and CFD details.
8 average spread (monday 00:00 - friday 22:00 GMT) for the 12 weeks ending 19th march 2019. There is also a commission charge for forex direct.
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Spread bets and cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and cfds with this provider. You should consider whether you understand how spread bets and cfds work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.
The value of shares, etfs and etcs bought through a share dealing account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.
CFD, share dealing and stocks and shares ISA accounts provided by IG markets ltd, spread betting provided by IG index ltd. IG is a trading name of IG markets ltd (a company registered in england and wales under number 04008957) and IG index ltd (a company registered in england and wales under number 01190902). Registered address at cannon bridge house, 25 dowgate hill, london EC4R 2YA. Both IG markets ltd (register number 195355) and IG index ltd (register number 114059) are authorised and regulated by the financial conduct authority.
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Top 8 trading platforms to trade forex
[ unbiased and comprehensive review ]
Forex trading has come a long way. From the days of the pits when traders, most of whom represented big banks and institutions, used to elbow each other at the exchanges shouting their orders. To this day when retail traders can connect to the forex market via their computers from the comfort of their homes and offices.
Compare this
Given a choice, I know you would settle for the second picture.
It is so liberating trading in the comfort of your home or office without the noise and the hustle that is characteristic of the exchange pits.
As a beginner trader, you might have experienced some difficulties in sifting through the tons of information available online about forex trading.
As you plan to launch your forex business, it is important for you to get a hold of the right information that will help guide you in your forex trading journey.
Today, some marketers have specialised in using half-truths and plain lies to lure unsuspecting forex trading beginners to open accounts with shoddy brokers where you will have to pay high spreads to trade.
False advertisements that fail to present the whole truth upfront is very common online. For this reason, caution is advised especially when looking for information about forex trading for beginners in general and trading in particular.
Having learned from experience I can tell you straight up that you need to get a hold of cutting-edge technology which allows you to connect to the markets in real time. The bottom line is:
You will need proper tools to execute your strategies.
- Transaction costs
- Speed of execution
- Testing capabilities
- Chart analysis
- Access to all markets
- Mobile usability
Are important factors in play.
The market offers many different products for you to grab. Ensure you get the one that suits your needs as reasonable price.
Confused? Don’t be!
There are some free and some paid platforms that allow you access to the markets. You can also follow how the market is moving via your smartphone or tablet.
You can have a number of platforms running simultaneously. You can use one to analyse the charts and trade on the other.
Follow this discussion to learn more about these trading platforms
In this article, I will present an unbiased analysis of the nine common trading platforms for beginners. This article covers the following sections:
- What is a forex trading platform?
- Why do you need a trading platform?
- How do trading platforms work?
- A comprehensive and candid review of top trading platforms for a forex trader
- A parting shot
What is a forex trading platform?
“A trading platform is defined as a software which allows traders and investors to open, manage and close market positions through a financial intermediary or broker.”
Forex trading platforms are offered by brokers either for free or at a small fee.
In most cases, the various trading platforms come bundled with additional features including charting tools, real-time quotes and news feeds.
There are platforms which are specifically designed for use in certain markets that include currencies, stocks, futures or options markets.
When choosing a trading platform to use, it is important for you to consider three factors
- Fees charged by the broker for its use,
- What market that can be traded on the platform, and
- The features it comes bundled with.
Why do you need a trading platform?
Well, this is pretty straight forward. You need a trading platform for two main reasons:
If you said to trade, you are right and the second reason is to analyse the market. So, in short,
Traders and investors need trading platforms for analysing the markets and for taking trades.
Some trading platforms allow users to enter trades using them while others can only be used for market analysis. More on this later.
First let us look at how trading platforms work
How do trading platforms work?
Trading platforms work by connecting traders and investors to the live feeds in the market.
Users can use the price feeds they receive via the trading platforms to analyse the markets and spot opportunities to buy or sell a tradeable asset.
Other trading platforms allow traders to connect to other traders. Some of these platforms. E.G. Tradingview have active in-built chats which allow traders to discuss their trading ideas with each other.
To get access to these platforms, you will first need to open an account with a trustworthy broker. Once your account has been approved you can then download a trading platform from the broker’s website.
For the platforms which only allow analysis but not trading, the approach is the same. Create an account with them, then you can log in and access the trading platform.
Depending on the type of broker you choose, your order to buy or sell a currency pair will either be filled by your broker, as in the case of market maker brokers or be sent directly to the market as in the case of ECN/STP brokers.
An awesome list of top forex trading platforms
Their features, pros and cons
As promised earlier, here is a comprehensive review of the top trading platforms for beginners and advanced forex traders. Read our review carefully before choosing the platform that will serve your purpose.
1.Metatrader 4 (MT4)
Metatrader 4, commonly referred to as an MT4 was developed in 2000 by metaquotes software corporation. This developer was among the early pioneers in developing charting and trading platforms. Here is our candid review of this amazing trading platform:
Size: the MT4 is the world’s most popular trading platform with close to 95% of brokers offering it to traders on their websites.
Technology: MT4 can be downloaded from any broker’s website. You can download an MT4 version that is compatible with your operating system. The data feeds are transmitted directly from the broker’s website to the downloaded software. Traders can also access an MT4 web trader on their brokers’ platforms.
Mobile access: MT4 can be traded on mobile devices. You can use this mobile MT4 to do your analysis and take trades. Some traders use the mobile MT4 to manage their trades while on the go. Both android and ios users can download the mobile MT4 from google play store and apple app store respectively. However, the features on a mobile MT4 are not as comprehensive as the ones found on the PC version.
Customer reviews: according to investimonials , MT4 has a customer rating of 4 out of the possible 5 stars. This shows that the platform is loved by its users.
Pricing structure: MT4 is free to use.
Instruments available: mt4s has all instruments. You can trade currencies (both majors, crosses and exotics), indices, metals, shares and commodities.
Testing: yes, you can back test any trading strategy using the MT4’s in-built strategy tester.
Biggest advantage: MT4 is free to use and can be used across different devices. You can install custom indicators, expert advisors, scripts and templates.
2.Metatrader 5 (MT5)
Meta trader 5 (MT5) was developed five years after the release of the MT4. This trading platform was developed by metaquotes software corporation and was meant to help traders plug into the centralised markets and trade instruments such as stocks and commodities. Further, the MT5 is popular among US traders because of its no-hedging rule.
Note: US clients are required by law to deal on a F.I.F.O (first in first out) basis
Size: MT5 is not as popular as its predecessor the MT4. Its popularity is somewhat confined to the US where traders must use it for regulation purposes.
Technology: similar to MT4, you can download MT5 from your broker’s site and install it on your machine. Some brokers also offer a web terminal on their sites which you can use to analyse and trade the markets.
Mobile access: MT5 is available for mobile devices, both ios and android. However, the mobile version has lesser functionalities compared to the PC version.
Customer reviews: according to investimonials, the MT5 has a star rating of 4 out of 5.
Pricing structure: free
Instruments available: forex, CFD, equities and futures
Testing: the MT5 has an in-built strategy tester
Biggest advantage: has a total of 9 timeframes, uses a simpler and more user-friendly development environment for EA, script and indicator developers.
3.Tradestation
Size: tradestation is popular among active and professional traders.
Technology: has an extensive downloadable desktop platform with the same functionalities as its web-based trading platform.
Mobile access: has a mobile app that has most of the features found on the desktop version.
Customer reviews: customers on nerdwallet gives this trading platform a star rating of 4 out of 5.
Pricing structure: customers can choose to pay a flat-fee pricing plan or pay an account’s service fee of $99.95 per month. This fee is waived when you meet the minimum requirements that include having traded 50 contracts, maintained an account balance of $100,000 or traded 5,000 shares in the preceding month.
Instruments available: stocks, options, bonds, mutual funds, futures and exchange-traded funds (etfs)
Testing: yes, trading station has a simulator which can be used to test strategies.
Biggest advantage: there are lots of third party addons and users can create simple strategies using the simulator.
4.Tradingview
Tradingview is owned by tradingview inc. This is a charting platform that also acts as a social-networking platform for traders. Here is a quick review of this amazing charting platform
Size: as of 2017 the platform had over 3 million users monthly
Technology: tradingview is a cloud-based charting platform
Mobile access: you can access it both on android and ios
Customer reviews: investorjunkie has given it a star rating of 8 out of 10
Pricing structure: it has a free version that comes with limited functionality. Paid versions cost between $14.95 to $59.95 per month.
Instruments available: currencies, stocks, indices, cfds, bonds, equities and cryptocurrencies
Testing: the pro version has a replay button which can be used to back test strategies.
Biggest advantage: tradingview is platform independent, you can access it via macbook, windows computer or mobile phones and see the same charts across all these devices.
5.Oanda
Oanda is a proprietary trading platform owned by the oanda corporation. Here is a brief review of this proprietary trading platform
Size: oanda is not as popular as MT4 and MT5
Technology: has both a webtrader and a downloadable desktop trading platform.
Mobile access: it has both an android and ios app that you can download and use to trade.
Customer review: according to investopedia, oanda has excellent research and trading tools. It has been given a star rating of 4 out of 5.
Pricing structure: free
Instruments available: precious metals, index cfds, bonds cfds, commodity cfds and forex
Testing: the oanda algo lab allows users to code, backtest and deploy their own automated trading strategies.
Biggest advantage: the platform prides itself for having fast execution speeds.
6.Ninja trader
Ninjatrader is owned by ninjatrader LLC , a software company in denver, colorado. Here is a quick review of the ninjatrader trading platform
Size: the platform has over 60,000 users.
Technology: comes in two versions either ninja trader 7 or ninja trader 8 which can be downloaded from their website.
Mobile access: ninja trader has no android and ios apps.
Customer reviews: brokerchooser has given it a star rating of 4.1 out of 5
Pricing structure: annual lease starts at $50 monthly. The lifetime licence can be obtained starting at $999.
Instruments available: forex and cfds
Testing: has a free simulation that allows users to test their strategies before going live.
Biggest advantage: has technical tools and indicators that are not available on other charting and trading platforms.
7.Etoro
Size: according to its website, etoro has over 2.3 million users
Technology: it operates as a web-based trading platform
Mobile access: only has mobile version for cryptocurrency trading
Customer reviews: customers on its site have given it a thumbs up with a star rating of 5 out of 5.
Pricing structure: free
Instruments available: currencies, stocks, etfs, commodities, cryptocurrencies and indices
Testing: you cannot run a back test on etoro
Biggest advantage: has a copytrader which enables investors to copy trades from leading traders on the platform.
8.Zulutrade
Zulutrade is one of the most popular social trading and copying platform. It is owned by formax prime capital (UK) limited
Size: zulutrade is a popular social trading platform that has attracted traders and investors from different parts of the globe.
Technology: zulutrade has a webtrader and mobile apps both of ios and android.
Mobile access: can be accessed on mobile both on android and ios.
Customer reviews: forexpeacearmy gives zulutrade a star rating of 3.3 out of 5.
Pricing structure: free
Instruments available: precious metals, index cfds, bonds cfds, commodity cfds and forex
Testing: no back testing allowed
Biggest advantage: investors have over 10,000 traders to choose from. They can select any of these and copy their trades.
Conclusion
As seen from our review, it is clear that there are so many amazing trading platforms out there. So, no matter what, as a trader, you will need to find a trading platform that will enable you to connect to the market and trade. The choice of a trading platform will depend on the needs of an individual trader.
Some traders like to test their systems, some like to connect with others through the social feature found in some platforms while others prefer operating on mobile.
In our opinion, we have crowned MT4 as the undisputable winner as it has most features that any trader needs to connect to the market and trade.
So, let's see, what we have: forex no deposit bonus 2021 | broker house offers a unique opportunity to forex traders to get start risk-free trade in without spending own money. At free forex platforms
Contents of the article
- Huge forex bonuses
- Expose what is the meaning of forex no deposit...
- How free bonus is important?
- Terms and conditions for free forex bonuses
- Discover more about the free bonuses
- Is forex free bonus is a welcome bonus?
- Does forex broker give no deposit bonus without...
- Can I make money with a free bonus?
- What is the best thing in a free bonus?
- Conclusion
- What is the best forex trading platform?
- Metaquotes platforms
- Other trading platforms
- Conclusion - what is the best forex trading...
- Get started with free trading platform
- Why pay for trading software?
- Ready for live trading?
- Expose what is the meaning of forex no deposit...
- How free bonus is important?
- Terms and conditions for free forex bonuses
- Discover more about the free bonuses
- Is forex free bonus is a welcome bonus?
- Does forex broker give no deposit bonus without...
- Can I make money with a free bonus?
- What is the best thing in a free bonus?
- Conclusion
- Forex trading
- Why trade forex with us?
- Ways to trade forex with IG
- What is forex trading?
- What are the benefits?
- How do I trade forex?
- Open an account now
- Open an account now
- Fast execution on a huge range of markets
- Deal seamlessly, wherever you are
- Feel secure with a trusted provider
- Open an account now
- Open an account now
- Fast execution on a huge range of markets
- Deal seamlessly, wherever you are
- Feel secure with a trusted provider
- Start trading now
- Start trading now
- How much does FX trading cost?
- How much will I have to pay?
- Discover your next opportunity
- Choose your currency trading platform
- Award-winning forex provider
- Choose the world's no. 1 spread betting...
- Choose the world's no. 1 spread betting...
- Choose the world's no. 1 spread betting...
- Choose the world's no. 1 spread betting...
- Choose the world's no. 1 spread betting...
- Choose the world's no. 1 spread betting...
- Get the latest forex news
- EUR/USD and GBP/USD edge down as USD/JPY attempts...
- EUR/USD and USD/JPY reach resistance, while...
- The outlook for EUR/USD is unclear, data suggest
- Futures vs options: what are the key differences?
- Try these next
- Spread betting
- How to manage risks
- Learn more about us
- Markets
- IG services
- Trading platforms
- Learn to trade
- Contact us
- Top 8 trading platforms to trade forex
- What is a forex trading platform?
- Why do you need a trading platform?
- How do trading platforms work?
- An awesome list of top forex trading platforms
- Their features, pros and cons
- 1.Metatrader 4 (MT4)
- 2.Metatrader 5 (MT5)
- 3.Tradestation
- 4.Tradingview
- 5.Oanda
- 6.Ninja trader
- 7.Etoro
- 8.Zulutrade
- Conclusion
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