A best forex platforms must be easy to use and provide access to a comprehensive range of tools that will enable you to make sound trade decisions. This includes having access to an extensive history of trading for each currency pair you choose to trade as well as the ability to analyze their performance over time, which is a valuable tool for both new and experienced traders.

If you’re a beginner, look for a broker that offers a bespoke proprietary platform with an intuitive user interface that will ease you into the trading process. The good news is that many brokers offer a demo account, which can be used to practice and familiarize yourself with the platform.

Best Forex Platforms: Top Choices for Traders

IG, for example, caters to newcomers by offering its bespoke trading platform as well as the industry-standard MetaTrader 4 (MT4). MT4 is celebrated for its advanced features, such as AutoChartist and expert advisors. It’s an ideal choice for beginners who intend to advance into more advanced trading techniques, such as copy trading and market making.

Another excellent option for newcomers is cTrader, developed by Spotware and launched in 2011. This professional forex and stock trading platform is well-suited to beginners and boasts robust technical functionality with over 50 basic indicators, 14 timeframes, and a cAlgo developer program that allows you to build sophisticated automated trading strategies without writing a single line of code. It also supports third-party copy trading services such as Trading Central and ZuluTrade.