| Online Broker | Minimum Deposit | Web Trading Platforms | Key Features |
|---|---|---|---|
| AvaTrade | $100 Minimum Deposit | WebTrader, AvaOptions, MT4, MT5 Web Trading Platforms | AvaTrade offers its user friendly WebTrader, with 1000+ markets to trade and features such as AvaProtect, which reimburses for losing trades: T&Cs apply Key Features |
| Plus500 | $100 Minimum Deposit | Plus500 CFD Platform Web Trading Platform | Plus500 provides an intuitive, user friendly platform with integrated tools for fundamental and technical analysis Key Features |
| Deriv | $5 Minimum Deposit | Deriv X, cTrader, MT5 Web Trading Platforms | Deriv offers its user friendly Deriv X Web Trader, which features an automated Trading Journal, as well as providing MT5 and cTrader, for leveraged trading Key Features |
| Pepperstone | $200 Minimum Deposit | TradingView, cTrader, MT4, MT5 Web Trading Platforms | Pepperstone provides the TradingView Web Trader, which offers features such as automated trading Key Features |
| ThinkMarkets | None Minimum Deposit | ThinkTrader, MT4, MT5 Web Trading Platforms | ThinkMarkets offers its user friendly ThinkTrader platform Key Features |
| IQ Option | $10 Minimum Deposit | IQ Option Platform Web Trading Platform | IQ Option offers trading on its user friendly Web Trading platform, which has a low minimum order size of $10 Key Features |
Forex Web Trading Platforms
Brokers can offer different kinds of online trading platforms to trade Forex. Some brokers focus on offering a web trading platform, and there will typically also be apps for tablet and mobile. A web trader is a platform which the trader can access through a web browser. This differs from a platform which is downloaded.
Some brokers offer the web trader versions of downloadable platforms which may not have all the functionality of the downloaded platform (but they will offer as well the downloadable version). Thus there can be a difference between a platform which is primarily built to be used in a browser and one which needs to be downloaded to access all its functions. This can be the case for some platforms which have complex features such as automated trading.
Possible advantages of a web trader include that the trader can use it anywhere they can access their trading account on a compatible web browser via an internet connection. Some web traders are made to be discretionary trading platforms. That is, they designed for traders who make their own trading decisions. A human Forex trader can be seen as having different needs from a robot, for example the ability to access market information in a clear and easy to read form, and some web traders are built this way.
A web trader platform can thus have the advantage of an intuitive design which may suit those who trade Forex at their own discretion, using charting and other tools.
There are some web traders which aim to help the trader who plans and executes their own trades by providing additional tools and information, for example social trading, or expanding the range of technical indicators and adding automation to some stages of the analysis process. Copy trading, where the trades of other selected traders are copied in the trader's own account, may be supported either on the broker's web trader or by a third party web trader depending on the broker.
So what is the best web trading platform depends on the way a trader wants to trade Forex and the kind of information and tools they wish to use. It is not necessarily an issue of less experienced vs more experienced trader, as all traders may appreciate a clear simplified intuitive platform with a range of technical indicators and tools. All these brokers offer a range of CFD markets in addition to Forex.
Best Forex Web Trading Platform
Since the reader may come to this page expecting a pick of a best web trading platform, Broker to Trading will do so, with the caveat that what is the best is really a matter for the trader to decide for themselves as it can depend on a wide range of factors, and what is best for one trader may not be best or even user friendly for another.
The pick of this site is Plus500's web trader. This is because it is one of the most user friendly platforms this site has found and it is a platform which focuses on being a web trading platform (though it can be downloaded as well) with a wide range of charting tool such as technical indicators.
There are no tools such as social and copy trading or trading with robots on the platform, which the trader may, or may not want. This said, there is a wide range of focused information in the +Insights tool, providing structured data about the trading of other Plus500 traders, like top 10 lists and trends. The platform also has as an integrated economic calendar, a key tool for all traders as it can pinpoint when potentially market altering data enters the market.
One core reason why this platform is picked is that it consistently fits the idea of a web trading platform aimed at the human trader who makes and executes their own trades, in its design and offering. As it has added tools over the year, these are carefully integrated into its human-friendly design.
The trader uses a trading platform to analyse and trade markets. Plus500 offers a wide range of markets to trade and includes within categories a wide range (for example its Commodity CFDs) and has a relatively large number of platform tools such as technical indicators and chart price types. The trader can check out the platform as a demo trading platform before deciding to add the minimum deposit of $100 and open and trade on a live account. At any time the trader can switch between a real and demo account, to take a break from trading and practice.
