In this blog, we are going to talk about the best forex trading platforms of October 2021, forex trading is not a very easy task and you need a good broker that will access your forex trading.
There are many forex trading platforms in the world, but every forex trader needs a brokerage with lots of benefits and tools to help the forex traders.
In this list, we are going to tell you the best forex trading platforms that will give you real-time data and they will cost you less money and they will give you most of the tools that are needed.
What is the Forex market?
Forex market is a global decentralized market, it is for the trading of currencies. The forex market includes the buying, selling and exchanging of currencies, it is the largest market in the world by trading volume.
The forex market is open 24 hours a day from Monday to Friday and it is closed on weekends.
A trader buys a particular currency like USD ( US Dollar) and he or she will buy it by giving some quantity of other currency like CAD (Canadian Dollar), so this is how the forex market works.
In April 2019, the trading volume of forex was shattering the roof it managed to average $6.6 trillion per day.
The top 5 forex trading platforms are:
1) CMC markets:
The first trading platform on our list is CMC markets it is a U.K based company and a trading platform it provides you forex trading across the globe.
CMC markets headquarters are in London and it also has its hubs in Singapore and Sydney. It is also a part of the FTSE 250 Index.
You can trade Forex pairs, commodities, cryptocurrencies, shares and ETFs in CMC markets and it is one of the leading forex trading platforms in the world.
2) IG Group:
IG Group is the second forex trading platform and maybe it is the best forex trading platform in the world, it is also a U.K based trading firm and it was founded in 1974 by Stuart Wheeler.
IG Group is listed on London Stock Exchange and it is also a part of the FTSE 250 Index. It provides its services across the globe and it has industry-leading forex trading tools.
You can trade forex pairs, commodities and cryptocurrencies in it and it also gives tutorials to new traders.
3) Interactive Brokers LLC:
Interactive brokers is an American company that provides its services around the globe, it is one of the largest online trading platforms in the U.S.A.
It was founded in 1977 by Thomas Peterffy, it is also a part of Nasdaq and S&P 400 and it has one of the lowest commissions in the industry with no additional charges.
It also gives you various types of accounts like individual accounts, joint accounts etc.
You can trade forex currencies, commodities and ETFs in it.
The fourth forex trading platform on our platform is Forex.com, it is one of the most trusted brands in the industry by forex traders. Its parent company is stoneX group which is a part of the Fortune 500 company.
Forex.com provides a lot of educational tools which new traders can use and it will help them a lot, you can trade forex currencies, commodities, equities and other 500+ markets worldwide.
The last company on our list is XTB, it is a leading European trading platform that provides its services around the globe. It provides trading in 2100+ platforms including forex currencies, commodities and indices.
It has the best customer service in the industry.
Investment/Trading in the securities market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equities, Derivatives, commodities, Currency and cryptocurrencies can be substantial.
These are leveraged products that carry a substantial risk of loss up to your invested capital and may not be suitable for everyone. You should therefore carefully consider whether such trading is suitable for you in light of your financial condition.
Please ensure that you understand fully the risks involved and do invest money according to your risk-bearing capacity.
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