BlackBull Markets vs XM Forex Broker Review 2022 Update

You can use IQ Option on whichever device happens to be the handiest for you. When you first open CMC’s platform, you might get the impression that it’s far too complicated. The neat layout and the intuitiveness of the interface make it easy to master. This is one of the easiest forex trading platforms to use thanks to its high customizability and the detailed platform guide available on the website. All of the forex trading platforms discussed on this page are safe – as they all hold at least one license with a reputable financial body. Unfortunately, there are also forex trading platforms active in the online space that operate without the regulatory remit to do so. At the other end of the spectrum, some of the forex trading platforms we came across only offer support via email.

  • It is a reputable international online broker that serves traders in the retail FX and CFD markets.
  • The texts on this page are not an investment recommendation.
  • The platform website contains more than 8 million original scripts, applications, indicators and trading ideas from TradingView users.
  • The aggregator does not have tools to control the accounts included in the rating.
  • If you’ve ever traveled abroad and had to exchange your native currency for money to spend locally, you’ve already done some forex trading.

Over a million users in 180 countries making 56 million-plus trades annually can’t be wrong, you would like to hope. Check out a top forex brokers list on any reputable website and hire a forex broker who will invest in foreign currencies on your behalf.

Why You Can Trust Our Reviews

How and where the offers appear on the site can vary according to the partnership terms. Affiliate partnerships may affect where a particular product is listed within a review, but they don’t affect the review’s content in any way. You can also select the exact price that you want your forex trade executed at.

forex trading platform reviews

Copy traders can read our full social copy trading guide here. They do go after new forex traders and support them well with an extensive library of educational resources. However, the actual platform itself may appear daunting at first for newbies with its array of forex tools and levers. When you sign up, you are assigned a manager to help with your forex trading account. Unlike other platforms that offer forex as an add-on to their portfolio of services, XTB is laser-focused on forex trading and you can also trade more than 1,500 assets. When you use FxPro for your forex trading, you immediately understand that things have been thought through. As you navigate around and trade foreign exchange currency pairs, it becomes clear that everything works seamlessly.

Foreign currency trading is fast-paced, so you need a reliable platform. You don’t want it crashing or freezing when you’re about to make a move.

What are the best forex trading platforms for beginners?

Before you start using the MetaTrader broker and trading on the Forex platforms, you can make risk-free investments and check out market conditions with the forex simulator. This will help you educate yourself about the market and explore trading strategies that increase your chances of success. After you’ve developed your strategies, you can backtest them within Ally’s platform. Whether you’re a top forex broker or someone who’s new to the field of currency trading, you’ll appreciate the usefulness of the automation and backtesting features. AvaTrade is great for those looking for an easy-to-use online broker. The platform is user-friendly and offers various features and tools to help you trade effectively.

It’s not suitable for starters and will seem difficult to handle without practical skills. MT5 was supposed to replace MetaTrader 4, but users felt that the platform updates were not enough to make the transition. The main reason is the lack of many existing indicators and advisers in the new programming language. Therefore, MetaQuotes continues to support both MT4 and MT5, gradually trying to convince online brokers to buy a license for the new version of the platform.


The company is a multi-asset class online brokerage, established by a group of professionals with extensive financial market experience. These professionals bring valuable experience in risk management, compliance, technology and service. The core values of the broker are integrity, transparency, diligence and innovation. I feel like they go above and beyond to achieve this in an abundance. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time. He heads research for all U.S.-based brokerages on and is respected by executives as the leading expert covering the online broker industry. Blain’s insights have been featured in the New York Times, Wall Street Journal, Forbes, and the Chicago Tribune, among other media outlets.

Trading Tools and Features

Ultimately, the broker forms the crucial bridge between you and your chosen asset class. Our comprehensive broker reviews will discuss the regulatory standing of the platform. For example, we will list which financial bodies the broker is authorized and licensed by and what investor protections are in place – if any. This is why we at have created a database of in-depth broker reviews.

Super Simple Bot is a forex trading bot that aims to do just that, be simple and easy to use. Read our review to find out if this is the right trading platform for your needs. Have you considered trying AI Forex trading software, PremiereTrade? Before you buy, read our in-depth review of PremiereTrade and learn more.

It allows to stay connected with the global market and never miss a trading opportunity. Or, follow one of our Popular Investors, and make their crypto strategy, your strategy. With a clean and simple interface, no hidden fees, and top security for your peace of mind, dotbig review eToro can take some of the stress out of investing. Plus, learn as you invest, with tools like our virtual $100k portfolio and the eToro Academy. Get started with this fintech leader today, and join over 25M other users investing in stocks, crypto, and community.


Dein Warenkorb