3 Best Forex Investment Platforms
Forex (Foreign Exchange) trading has become the most popular financial trading platform, surpassing the value of stocks, bonds, and options combined. The lucrative trading market of Forex has made waves around the world with its fast earning potential, allowing novice and experienced traders to play on the same level and earn with daily global currency trades. As with many other trading opportunities, Forex has gone online, and nowadays you can enjoy the best Forex trading investment platforms that can potentially mean big earnings:3. eToro
If you are searching for a low-risk, highly regulated platform for Forex exchange, eToro is for you. The Forex investment platform, which was founded in 2007, is regulated by the Financial Conduct Authority (FCA) in the UK, as well as other regulatory bodies – something that unfortunately cannot be said about all trading platforms.
eToro offers 47 currency pairs for trading, and it is great for beginners who are looking to test the waters before jumping into the deep waters of Forex trading. Opening an account with eToro is free, and you can use the platform's demo using $100,000 (in virtual currency, naturally). Trading on eToro begins with a minimum of $200 for copy trading – a feature that allows you to mimic the activities of other traders. With a 24/7 customer support service at your back and call, eToro is certainly worth a try for those of you considering Forex trading.
Pepperstone is best known for its low average spreads, reaching as low as 0.13 EUR/USD and its wide range of currency pairs and CFDs. Pepperstone, founded in 2010, offers two plans for traders, both beginners and experienced:
* Standard – a beginners' account that includes zero commission fees and market average spreads
* Razor – an account for experienced brokers that includes very low spreads and a convenient commission basis. Despite not having its own platform, Pepperstone offers cTrader, MT4, and MT5 solutions, and it supports Myfxbook, ZuluTrade, and MetaTrader Signals for those interested in copy trading. Pepperstone's success and popularity derive from its social copy trading opportunities, allowing users to adapt to changing markets by mimicking the actions of other traders. Pepperstone has no minimum deposit, however, the platform recommends a minimum of £500 to start trading and make a profit.
Arguably the best Forex investment platform in the UK, Plus500 is the most convenient and easy-to-use Forex trading solution. Plus500 offers more than 60 CFD currency pairs with no commission fees, competitive spreads, and it offers a leverage of up to 30:1.
Plus500 is suitable for both CFD and Forex trading, offering a unique and user-friendly platform with features that include risk management, mobile app, and web use. To use Plus500, you are required to pay a minimum deposit of £100 when using a debit or credit card, or £500 if you prefer to pay through a bank transfer.
To put your mind at ease, Plus500UK is regulated and authorized for use by the FCA. Like eToro, Plus500 offers a free demo to allow you to try the platform and decide whether it is the right one for you. Plus500 also provides its traders with insight into the Forex trading world by providing a review of past transactions compared to current positions, as well as Guaranteed Stops and Trailing Stops and Close at Profit and Close at competitive rates.
Forex has changed the world of trading, allowing both experienced and beginning traders to make a profit from currency trading. There are several excellent trading platforms, but the three mentioned above reign supreme with Plus500 earning the well-deserved title of King of the castle with its accessibility, variety of trading options, and low, low fees.