Forex trading platforms are the most exciting places where you can earn millions and billions and can also lost millions within moments. This is the game of fate, luck, and strategies. If you want to have an edge over your competitors then you must be aware of the best forex trading platforms.
These platforms are the first place that gives you the place to stand out and earn money effectively. Not all platforms are the same and good and few are even scammers. So, you nneed to be choosy in this regard. Let’s discuss the top three forex trading platforms that are helping their users in many ways.
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Number 1: Plus500
Meet Plus500 – from our top-rated best forex trading platforms. The Plus500 was founded in 2008 and sponsored the main football club of Atlético Madrid. This trading platform is best for others just because it is available in more than 50 countries all over the world. It is one of the top three forex trading platforms because it contains multiple regulations from all over the world. You can click here to visit reviewfx for gaining knowledge about more authentic reviews.
There are a few drawbacks that are also associated with this platform. One of them is it does not support mobile phones, you can’t do trades online because it has no applications and online support. Plus, it has lack online news and online news coverage due to many reasons. But we must say it’s commission-free trading and simple to use.
Number 2: FXTM
FXTM stands for ForexTime. It is one of the primary platforms whose focus is only on forex trading. It has enhanced the features and users of forex trading things. Millions of traders love to use it accordingly without any hazards and risks associated with it. It is because it has low risks as compared to others.
One of our favorite thing about this platform is it supports more than 250 products that can be traded all over the world. It also gives competitive support and an online presence. Anyone can join and do forex trading and other things like shares, cryptocurrencies CFDs, indices, and commodities.
There are a few drawbacks that we don’t want to hide from our readers about this platform. FXTM offers low orders limit and its customer service is also bad. There are a lot of negative reviews about the traded products. The platform is good for beginners but the risks are transparent.
Number 3: XTB
XTB is one of the best and trustworthy forex trading platform. It is not just supporting forex but also supports stock CFDs, ETF CFDs, induces, and commodities. It’s best thing is it supports more than 50 currency pairs that you can use for forex exchanges. It also offers low cost spreads which are useful for traders.
Its positive aspect is it supports between two trading platforms of MT4 platforms and xStation5. It has a wide collection of instruments that supports forex trading. The number if instruments ranges from 3000 to 3500. It’s offering low spreads too which is amazing for its traders and brokers. But what if there are negative things associated with it?
Its one of the major cons is it offers fewer number of forex trading pairs. Its competitors are offering more number of pairs. Furthermore, it is not offering good customers support of 24/7. However, these drawbacks do not show its not a good platform to choose from. Various users are loving it and they are not ready to leave it.
Choosing The Best Forex Trading Platform
Every trader puts unique qualities and strategies while choosing the best forex trading platforms. But there are few features that are common in all forex trading platforms. These features should never be ignored. Let’s see what are these.
- Regulation and reliability
- Low fees
- Great trading tools
- Fast trade execution
- Offers more trading pairs
- Offers low spreads
- Low risks associated with that
The top three forex trading platforms mentioned above are one of the best options in forex trading world. There are a lot of other options too but these are of the most exciting and favorable. Furthermore, these are offering lower risks of losing money to their users and traders. If you have any query you may let us know in the comments section.