Best Forex Web Trading Platform

Best Forex Web Trading Platform

Best Forex Web Trading Platform Comparison Table
Online BrokerMinimum DepositWeb Trading Platforms
$50MT4 Web Trader, Web Trader
$100Web Trader
NoneWeb Trader, Advantage Web Trader, AT Pro Web Trader
$200Web Trader
$100JForex Web 3
$100Web Trader
$200MT4 Web Trader, cTrader WebTrader
$100ParagonEx Web Trader
$5MT4 Web Trader, MT5 Web Trader
$20MT4 Web Trader, Sirix Web Trader
NoneMT4 Web Trader, Trade Interceptor Web Trader
$100ETX TraderPro Web Trader
$300Saturn Web Trader
$10Web Trader & Apps

Best Forex Web Trading Platform

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. In the case of cTrader, automated trading is accessed via another platform, thus the cTrader platform has much of the functionality of the downloadable platform. In the case of JForex, the web trader can be used for both automated and discretionary trading. Both cTrader and JForex are used as ECN trading platforms. As can be seen from the table, some web traders are given a name, some are not (apart from 'Web Trader').

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. It can be seen why this might be so, as 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. Examples of platforms which arguably have this focus are Plus500's Web Trader, Markets.com's Web Trader, ThinkMarkets's Trade Interceptor and City Index's and FOREX.com's Web Trader. There are some web traders which aim to help discretionary trader by providing additional tools and information, for example crowd trading information (e.g. UFX's ParagonEx), social and copy trading (e.g. eToro's Web Trader), or expending the range of technical indicators and adding automation to some stages of the analysis process (e.g. City Index's AT Pro).

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 beginner vs experienced trader, as an experienced trader may appreciate a clear simplified intuitive platform as well, with a range of technical indicators and tools. All these brokers offer a range of CFD markets in addition to Forex.

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