Online Broker | Minimum Deposit | Online Trading Platform | Key Features |
---|---|---|---|
AvaTrade | $100 Minimum Deposit | Web Trader, MT4, MT5, AvaOptions Online Trading Platforms | User Friendly Web Trader Along With MT4 and MT5 and the AvaOptions platform (with FX Options trading) Key Features |
IQ Option | $10 Minimum Deposit | IQ Option Platform Online Trading Platform | User Friendly Platform With Low Minimum Deposit and Order Size and 85+ Forex Pairs Key Features |
FOREX.com | $100 Minimum Deposit | Web Trader, Advanced Platform, MT4 Online Trading Platforms | Wide Range of Forex Trading Platforms and 90+ Forex Pairs Key Features |
Trading 212 | $29 Minimum Deposit | Trading 212 Platform Online Trading Platform | User Friendly Trading Platform with 150+ Forex Pairs Key Features |
Deriv | None Minimum Deposit | Deriv X, MT5 Online Trading Platform | User Friendly Deriv X And MT5 Key Features |
Pepperstone | $200 Minimum Deposit | TradingView, cTrader, MT4, MT5 Online Trading Platforms | User Friendly and Powerful cTrader Platform, User Friendly TradingView Plus MT4 And MT5 Key Features |
Easiest Forex Trading Platform
Some brokers offer platforms which are designed to be intuitive and user friendly. However Forex is a complex market and the question of what is the easiest platform to trade Forex may not be that straightforward. This is because Forex trading encompasses a wide range of styles. It is a huge liquid market open continuously from open on Sunday to close on Friday. It evidences complex moves and patterns and a wide range of ways have been applied to tackle this complexity. These methods include technical analysis, candlesticks, fundamental analysis and automated trading, as well as techniques such as social, copy and crowd trading and trading signals.
Thus to trade Forex a platform should allow the trader to apply methods they want to apply. However posing the question of what is the easiest Forex trading platform, might presume that the trader is a beginner and wants an easy to use platform to trade Forex. This simplifies the problem, as it points to an intuitive user friendly platform.
If the trader wants then to use more complex techniques, some brokers offer other platforms as well, which the trader can use to apply techniques such as automated trading or social and copy trading. For a trader who trades Forex using technical analysis and who wants an easy to use platform, then a broker which offers a user friendly platform with charting tools, including technical indicators and graphical tools, may be appropriate.
The brokers in the table all offer user friendly platform, as well as other platforms. However the pick is Pepperstone's cTrader. cTrader is a platform which arguably manages to get a balance right between the complexity of the Forex market and user friendliness. Traders who want to trade on MT4 and MT5 making full use of their power with rapid order execution and support for automated trading and use TradingView (also with automated trading) can also find these platforms at Pepperstone. However a trader who wants an intuitive platform, whether beginner or advanced can consider Plus500's platform, as it has an extensive range of charting tools on a particularly clear trading platform.