There are bunch of trading platforms available in market. We “Skilltraderz” as team test mostly each one of them and here are the results which we are going to tell you.
If you are reading this article that you know about trading and their types. In this you get to know about best binary trading platforms, best forex trading platforms and best CFD trading platforms.
We will Discuss Every option in brief. So lets start
Best Forex Trading Platforms
From years if exeprience we noticed that Forex trading is a very prprofitable if you trade Strategically. Still now many persons ask usis forex trading or is forex trading legal.
With all due respect we want to tell you forex trading is very profitable and also legit ( depends on coutry wehre you live).
1. Olymp Trade
OlympTrade is simple and easy to use interface. It allows you to trade in forex, commodities, Stocks like amazon, apple, ali baba, facebook and many more. With olymp trade more than 25million traders trade monthly.
Olymp Trade is a regulated broker with fairly competitive trading conditions. I must say right away that there are no spreads, and the broker charges a commission only for opening trades. This is very convenient for me, as it makes my take profit calculations much easier and more predictable.
The best part is olymp trade gives you $10,000 in your demo account so that you learn and gain some skills.
Pros Of Olymp Trade
- Only $10 deposit is required for live trading
- Training resources & recorded webinar videos
- Proprietary trading platform
- Market news & analysis
- Multilingual customer desk available 24/7
Cons Of Olymp Trade
- Not regulated
- Platform does not support trade automation using trading softwares or robots
- No Social trading
- Limited trading instruments
- No MetaTrader platform
- Do not accept United States, Europe, Canada, Japan, Australia, UK, Russia, or Israel Traders.
2. Pocket Option
Pocket Option is a binary options broker providing access to over 100 different assets, from currency pairs to company stocks and cryptocurrencies. The brokerage offers regulated services to clients in over 95 accessible countries and regions, including the UK, United States (USA), India and Europe.
Pocket Option was founded in 2017 by its current owner, Gembell Limited. The company is headquartered in the Marshall Islands and has made a big splash in the binary options world. Pocket Option is regulated by the International Financial Markets Regulation Center (IFMRRC).
Pocket Option currently has over 20,000 daily active users and a trading volume of over $ 500 million. They serve almost everyone from over 95 countries looking to sign up and trade binary options.
Pros Of Pocket Option
- No commission
- Over 100 assets
- Low trading fees
- 50% deposit bonus
- User-friendly interface
- High average pay-outs
- Demo account available
Cons Of Pocket Option
- Relatively simple platform
- Limited expiry time on trades
- No additional login verification
- Only one account type is available
- Not regulated by an official regulator
Read Full Pocket option review here!
3. XM Trading
Xm.com ( Xm Borker ) started in 2009 and today serves clients in more than 196 countries, and the support staff speaks 30 languages and is one of the most trusted regulated brokers. The main branch, located in Cyprus, is regulated by CySEC, but the offices do cover global needs and serve Australia, the United Kingdom, Belize, Greece, also authorized in Dubai and the Middle East and North Africa region.
About 1.5 million XM traders and investors choose XM’s wide range of trading products, and the broker offers services alongside cutting edge trading solutions that are also suitable for novice traders. The reason for such rapid growth and trust in the broker is because XM is committed to providing its clients with one of the best user interfaces in the industry.
With XM, an account can be opened regardless of a net worth of just $ 5 or trading experience, and through a global approach and opening up new markets, XM supports webinars and research materials. This allows traders from around the world to attract and start career in trading.
Pros Of XM
- Low stock CFD and withdrawal fees
- Easy and fast account opening
- Great educational tools
Cons Of XM
- Average forex and stock index CFD fees
- Limited product portfolio
- No investor protection for non-EU clients
Read Full XM review here!
AvaTrade is a leading international forex broker, part of the AVA group of companies. Founded in 2006, AvaTrade is one of the oldest online brokerage firms. Our review details the trading platforms, mobile app, deposit methods, and MT4 integration. We also compare trading costs, spreads and leverage. From bitcoin to vanilla options, whatever you want to trade, see if Avatrade is right for you.
The company now has four offices around the world, located in Japan, Australia, Ireland and the British Virgin Islands. As one of the largest and most respected online brokerage firms in the world, AvaTrade accepts clients from a wide range of regions and accepts trading accounts in various currencies.
Pros of Avatrade
- Excellent choice of trading platforms catering to various trading needs
- Broad asset selection and cross-asset diversification opportunities
- Well-regulated and trusted broker with oversight from a central bank
- High-quality educational offering via SharpTrader
Cons Of Avatrade
- Trading costs competitive but nothing special
Read Full Avatrade Review Here!
5. Fxtm Trading ( Forextime.com )
FXTM, also known as “ForexTime”, is a well established Forex / CFD brokerage house that has been operating since 2011. FXTM has grown rapidly in recent years and has a corporate structure of three entities that correspond to its three bases: operations: UK, Cyprus and Mauritius. FXTM allows its clients to trade Forex currency pairs and crosses, including some exotic commodities, precious metals, gold and silver, crude oil and natural gas. Traders can also trade major stock indices, cryptocurrencies * and CFDs ** on major US stocks and equities. FXTM also allows direct trading of non-CFD stocks where the trader obtains direct legal title to the stock upon purchase, just like a traditional stock broker (available under Exinity Limited).
FXTM is considered safe because it is regulated by the top-tier FCA.
Pros Of FXTM Online Trading
- Superb customer service
- Great educational tools
- Digital and fast account opening
Cons Of FXTM Online Trading
- High CFD fees
- Inactivity and withdrawal fees
- Limited product portfolio
Read Full FXTM online Trading review Here!