Since the old times, when the concept of trading emerged and people started trading different things and resources, they required a common place they can gather, compare prices and trade. Since forex trading started, people also needed a market place where they can trade their forex. A forex trading platform is a software interface that is provided by the currency brokers to their customers to make it easy for them to trade, the platform may be an online website, a computer program or a mobile app.

Since technology took off most forex trading is done with these online trading platforms. It is important for every person that enters the forex trading world to have a platform that is provided to him/her by a trusted broker so that he can trade with ease. If you are thinking of starting your career as a forex trader you might need to select a trading platform for yourself, worry not because we will make the selection easier for you by discussing five different trading platform so that you can decide which one to go with as per your needs. 

Why is it important to trade with regulated brokers?

Having a trust worthy and regulated broker is very important for any trader that steps into the forex trading world. Trading forex with a platform that is not trusted can be the biggest mistake one can make, because any platform that is not trusted can steal your money and pull out a bunch of different scams on you. A regulated broker is registered with the government and other such financial institutes that will make sure that no scam will be done by the brokers. Accounts of registered brokers are regulated regularly to make sure they have enough funds and these regular checks make sure that no funds are laundered by the broker.

A regulated trading platform will provide you with every necessary information that is required for trading and will make trading easier for you, it will also provide excellent customer service and even sometimes educate you about trading. Before you choose any broker, it is very important for you to research thoroughly about that broker and also check their license status and other necessary documents before committing funds in their accounts. 

1- Plus 500

Plus, 500UK ltd. Is a company based in the United Kingdom with its offices located in London, this company is authorized and regulated by the FCA? The company has widely grown over the years and now has more than a million clients. Plus 500 believes in transparency and professionalism and thus provides the user with a simple, easy to use and a well-designed trading platform.

The account opening process on plus 500 is very easy and their customer support is great. The platform also provides the trader with all up to date information about the forex market. Plus 500 also has a demo account option that will make it easier for you to learn before actually investing money. If you are a beginner, then Plus 500 can be a place to start. 

2- Axiory

Axiory believes that they are a broker that traders can lean on which means that trust is one of their main qualities. Their mission is to create a path of success for their traders and build a trading space that adds value to every trader and provide them with a network that builds long lasting relationships.

Building an account of the Axiory platform is very easy and can be made in ten minutes, the company claims to keeps spreads tight and their commissions low and also provides excellent funds security and keep a check and balance of your accounts alongside these things Axiory also provides with an excellent customer service. The platform provides with the latest market news, Axiory also has a trading academy where you can learn trading from trained professionals before you enter the forex trading world. 

3- fp Markets

fp markets was founded in 2005 in Australia and is regulated by the ASIC. Over the years, they have grown to become one of the best trading platforms. The company vision was to create a superior forex trading platform where traders could access a full suite of products. The key reason that traders choose fp markets is because you can trade Forex, shares, indices, commodities and crypto currency all from the same account. Fp markets claims to provide the tightest spreads in the industry. The platform has an award-winning speed and has no price manipulation. The platform is most suitable for active traders and traders with high balance accounts. 

4- Admiral Markets

Admiral markets was founded in 2001 and is licensed by the EFSA, cySEC, AFSL and MiFID. Admiral markets claims that their priority is to help their traders make better decisions, which is the reason they conduct educational webinars and seminars and they also publish books in different languages. The company provides support via phone and live chat, the company makes sure to provide the best security and minimum latency. Admiral markets is considered average risk with a trust score of 83, the company provides with additional tools that helps the trader to make better decisions by analyzing the markets better. 

5- Hot forex

Hot forex was founded in 2010 and since then it has grown to be one of the biggest in the game. The platform supports around 27 languages. The company has a policy of providing the best the conditions for their traders and thus provides tight spreads, flexible leverage and excellent transparency. The company provides the traders with multiple account types and also gives their traders the option to choose from a variety of platform like MT4, MT5 and Rapid Trader API. The company provides remarkable security and transactions are only done through major banks and are audited by deloitte. Hot forex also provides their traders with a bunch of additional tools that helps them better analyze the markets and thus make better trade decisions.