Accessibility : ZuluTrade is available via download, web and mobile application. Pros Cons Social-trading connectivity, full automation, ideal for peer-to-peer education Subscription costs, increased trade-related latencies, past-performance of signal providers not indicative of future results. Currently new ZuluTrade Account is not available for FXCM LTD clients. TradingView is one of the best and most popular technical analysis platforms used by more than thirty million users worldwide.

However, suppose you are looking to interpret charts using various tools. In that case, TradingView is arguably one of the best available. Its core strength lies in its ease of use. Its user interface is intuitive and fast, allowing users to access charts with a few clicks. TradingView's feature includes: Interactive Charts : TradingView's charts are interactive, easy to read and customizable. For example, the chart will open in candlesticks by default. In addition, you can switch to as many as 12 chart types, including intelligent drawing tools and over indicators.

Markets : The platform can access almost all globally traded instruments. For example, you can use TradingView to analyze patterns of a US Stock, a Chinese Stock, Forex pair, Bitcoin, bonds, commodity futures and many more. Stock Screener : TradingView has a built-in stock screener for tradable stocks. Like other features on the platform, this one is also easy to use. You can apply filters to a list of instruments to find candidate stocks for your trading strategy.

Other than stocks, there are built-in forex and crypto screeners. Both work similarly to the stock screener, only with different input criteria. Pros Cons Extremely versatile with a vast database. Very competent stock screener with a sleek mobile app.

Plans range from free to premium — there is something for everybody. Limited support compared with others. Which Platform Is The Best? Being able to analyse the market in real-time, execute trades efficiently and develop new strategies are key aspects of achieving longevity in the marketplace.

Selecting the platform that is best suited for the trading operation's needs is a big part of maximising the chance of success. So, which platform is the best? The question is largely subjective and will depend upon whom is giving the answer. Each of the above software trading platforms is unique, excelling in specific areas of functionality. Here is a general breakdown of where each excels: Trading Station : The pinnacle in forex connectivity, trade execution MetaTrader 4 : Widely supported among forex brokers NinjaTrader : Cost effective, easily adaptable to futures and equities products ZuluTrade : A premier social trading destination TradingView : Charting platform and social network with a substantial database of instruments and tools.

Depending on the available resources, style and market goals, the determination of a best platform will differ. However, no matter the type or size of trader, one of the aforementioned platforms can optimise performance while enhancing the overall market experience.

Articles published by FXCM Research Team generally have numerous contributors and aim to provide general Educational and Informative content on Market News and Products. Familiarity with the wide variety of forex trading strategies may help traders adapt and improve their success rates in ever-changing market conditions. The hot Electric Vehicle EV start-up that focuses on trucks and SUVs, reports its financial results for the fourth quarter of , on Thursday March 10 after the US markets close.

A futures trading contract is an agreement between a buyer and seller to trade an underlying asset at an agreed upon price on a specified date. Achieving success in the foreign exchange forex marketplace can be challenging. Nonetheless, traders from around the globe, both experienced and novice, attempt to do exactly that on a daily basis. Given the above-average failure rate of new entrants to the market, one has to wonder how long-run profitability may be attained via forex trading.

Among the many ways that forex participants approach the market is through the application of technical analysis. By definition, technical analysis is the study of past and present price action for the accurate prediction of future market behaviour. The premier tools for the practice of technical…. For active foreign exchange traders, there are thousands of forex trading books available in hardback, soft cover, or digital format. No matter if you are looking to become a technical analyst or brush up on your market history, rest assured that there are a myriad of works addressing almost any trade-related topic.

In this article, we'll cover how to select reading material that is helpful to beginners and experienced traders alike. Also, we've listed several of the best forex trading books in circulation. Read on for some tips and titles that may enhance your journey as a forex trader. Forex trading is challenging and can present adverse conditions, but it also offers traders access to a large, liquid market with opportunities for gains.

The FIX API is a set of clearly defined rules and methods designed specifically for the electronic transfer of financial data. Developed in for equities, it has evolved into being one of the industry standards in the markets of securities around the world. Although similar in objective, trading and investing are unique disciplines.

Duration, frequency and mechanics are key differences separating the approaches. Wheat prices have escalated as the Russian invasion of Ukraine continues. Prices have traded limit up two days in a row and three times since the invasion began.

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Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed here. Spreads Widget: When static spreads are displayed, the figures reflect a time-stamped snapshot as of when the market closes. Spreads are variable and are subject to delay.

Single Share prices are subject to a 15 minute delay. The spread figures are for informational purposes only. FXCM is not liable for errors, omissions or delays, or for actions relying on this information.

Article Contents Characteristics Of The Trading Platform Trading Station MetaTrader 4 MT4 NinjaTrader ZuluTrade TradingView Which Platform Is The Best? Characteristics Of The Trading Platform A truly great platform offers robust functionality through a user-friendly format.

Pros Cons Compatible with all EAs, no trading restrictions, universally accessible Trade execution varies from Trading Station, many EAs come with an additional cost. Pros Cons Basic features free to use, advanced technical tools and indicators, strategy-building tools available Limited accessibility, unique programming language NinjaScript , cost associated with automated trade management ATM.

FXCM Research Team FXCM Research Team consists of a number of FXCM's Market and Product Specialists. View Profile. Popular Insights Forex. Beginner Trading Forex Strategies.

US Market Stock Market Global News. Investing Terms. There are also a good assortment of educational guides and a fully-fledged demo account.

With that said, Skilling is also looking to attract seasoned forex traders. This is evident in the fact it offers full support not only for MT4 trading platforms , but cTrader, too. Skilling also offers a huge leverage on its foreign exchange markets. You will, however, need to prove that you are a professional client to get this much. While we are on the subject of regulation, Skilling is authorized by the FCA.

It is also regulated by CySEC and the FSA. Opening an account with Skilling takes minutes and the minimum deposit is just £ You fund your account with a debit card, e-wallet, or by transferring funds from your UK bank account. Visit Skilling. Your capital is at risk when trading CFDs with this provider. AvaTrade is a popular FX and CFD broker that was founded in and is authorised by numerous financial regulators, including the Australian Securities and Investments Commission ASIC and the Central Bank of Ireland CBI.

Users of Avatrade can trade forex, CFDs, and cryptocurrencies without paying a commission. This CFD and forex broker was founded in and is regulated by numerous financial organisations. AvaTrade provides forex trading as well as a broad range of CFD derivatives, including stocks, bonds, ETFs, commodities, and indices. You may also trade seven different cryptocurrencies straight through the AvaTrade platform with no commissions and no bank fees.

There are no deposit or withdrawal fees, as well as no account fees, when it comes to non-trading fees. AvaTrade, which was founded in , operates on a global scale and is thus authorised and regulated by a number of financial authorities. I British Virgin Islands Financial Services Commission, and the Israel Securities and Exchange Commission.

AvaTrade is also an Islamic forex broker. Visit AvaTrade. FXCM is an established forex trading platform that was first launched in Authorized and regulated by the FCA, this forex provider is often the go-to platform for those seeking a reliable and low-cost way of accessing the currency scene.

Then, when you are ready to trade with real money, you can instantly deposit funds with a debit card. When it comes to supported markets, FXCM gives you access to dozens of tradable forex pairs. This covers a good variety of majors, minors, and exotics.

You can also trade shares, commodities, and indices — all in the shape of CFD instruments. FXCM offers leverage on all of its supported markets.

Although retail clients are capped to , professional traders can get up to When we explored the FXCM fee structure for our review, we found this UK forex broker does not charge any commissions. Spreads are also competitive, especially on major pairs.

FXCM allows you to trade forex via its website or mobile app — which is available on Android and iOS. Visit FXCM There is no guarantee you will make money with this provider. Launched way back in , Forex is a long-established trading platform. If you are a professional trader seeking advanced forex services, this provider is likely to be what you are looking for. When it comes to fees, Forex. com offers three account plans. The former gives you access to spreads of just 0.

Alternatively, the STP Pro account offers spreads of 0. Irrespective of which account plan you sign up for, Forex. com is compatible with MT4. The platform also supports MT4 VPS hosting, which illustrates that it is a great option for automated forex EAs and high-frequency traders. In terms of getting started, Forex.

com requires a minimum deposit of just £ when using a debit card or Paypal. If opting for a bank wire, there is no minimum deposit. Finally, Forex. com is authorized by the FCA in the UK, and many other bodies around the world. We have discussed a wide selection of UK forex trading platforms currently on the market.

For example. while some of these UK forex brokers stand out for offering low spreads and zero commissions, offers are particularly useful for newbies. Crucially, in order to find the right forex broker UK for your needs, you need to do a bit of homework on the platform. The important factors that need to be considered are discussed below. The online trading scene in the UK is heavily regulated — especially when it comes to retail clients. At the forefront of this is the FCA — which sets high standards for all of the forex trading platforms that it issues licenses to.

By sticking with a UK forex broker that is FCA-regulated, you can be sure that the provider operates by the book. For example, the platform will need to keep your funds in segregated bank accounts, verify the identity of all traders, and be transparent about what fees and commissions it charges. UK forex platforms typically give you access to dozens of currency pairs. Many cover major and minor markets, alongside a great selection of exotics.

Additionally, you might also be thinking about trading other asset classes. Instead of having to open an account with a specialist CFD trading platform or stock trading platform, the right forex broker UK wise for you could be one that offers a variety of markets.

This saves you the need to open multiple trading accounts with multiple providers. All forex trading platforms in the UK charge fees in return for offering you access to your chosen marketplace. As such, you can assess how competitive the provide is before signing up. Trading forex online and making consistent profits is never guaranteed.

As such, choose a forex trading platform that offers simple functionality. In our search for forex brokers UK traders are accepted at, we came across a number of providers that offered a clunky experience. Not only were these providers difficult to navigate, but there was often a lag in order execution time. This is something offered by all of the UK forex trading platforms that we reviewed. The important thing is that the eToro demo facility mirrors its main trading account like-for-like.

This allows you to get comfortable with placing forex orders and deploying risk-management strategies. Many UK forex brokers accept bank cards. This will allow you to quickly make a deposit as the funds should be credited instantly.

Alternatively, some forex trading platforms — such as eToro, also support e-wallets. Also be sure to check what the minimum deposit is on your chosen payment method, what fees apply, and how long the provider takes to process withdrawal requests. Many forex trading platforms in the UK offer live chat around the clock. This ensures that you can get instant support on your question or concern without needing to pick up the telephone.

With that said, we also came across providers that only offer support via email. The fundamentals of forex trading are that you exchange a specific amount of one fiat currency against another.

On the other hand, you would stand to suffer losses if the exchange rate drops. Forex CFD trading allows you to speculate on the market movements of the underlying asset while also using leverage to maximize your purchase power. Instead of settling a set amount of base currency, contracts for differences are settled in cash. Forex brokers come in all shapes and sizes.

They vary depending on what their FX quotations are based on. There are four main categories to choose from:. Each of these forex brokers has a different way of managing transactions and executing orders. Details about the four key types of forex brokers and their features follow:. The No Dealing Desk NDD forex broker does not have a dealing desk, as the name suggests.

Nonetheless, it offers diverse composite forex quotes sourced from various forex quote providers. These third-party companies give the No Dealing Desk broker its liquidity within the FX market.

A majority of forex quote providers post their main markets with the No Dealing Desk forex platform. The NDD broker will execute trades according to those forex quotes. No Dealing Desk forex brokers typically charge a commission or they broaden the market spread as a way to earn a profit for the service they provide. Market Makers or Dealing Desk forex brokers typically execute trades without trading in the underlying market. Market Makers offer a forex quote based on the underlying market prices, and then take the other side of the transaction by buying on their bid side or selling on their offer side.

Forex trading platforms that operate on an Electronic Communications Network, or ECN, usually do not have their own dealing desk. As a result, the ECN broker offers an electronic trading platform where advanced traders and expert market-makers at commercial banks can enter bids and offers. A key benefit of using an ECN is that the trader posting the price can maintain a level of anonymity.

This is ideal for investors who want to keep their trading strategies private. Straight-through processing brokers typically refers to the way forex trades are processed. The liquidity providers can be hedge funds, corporate banks, as well as investors. In other words, STP means that the forex broker acts as a seamless link between the trader and the underlying market, as opposed to a dealing desk that re-processes orders.

For day traders and other short-term forex trading strategies, you might want to research the range of supported currency pairs. This is because day trading , scalping , and spread betting , all try to capitalize on short-term price movements within a single trading day. After reviewing several forex trading platforms in the UK, we found that eToro is advertised as a forex broker for beginners. For a platform review , covering fees and commissions to tradable assets and payment methods, read our full eToro review.

eToro facilitates commission-free forex trading. This is also a swap free forex broker. Opening an account is free and there are no mark-up, ticketing fees or stamp duty tax. Approaching the forex markets without any knowledge of the space is like trying to navigate a ship through a storm without a helm.

Beginner traders will therefore appreciate the free demo account and copy trading tools that eToro provides. Practice your trading strategies and broaden your knowledge of online investing with the eToro demo account. These practice accounts, or paper trading accounts, allow you to trade in a simulated, risk-free environment that mimics real market conditions. Furthermore, eToro also offers several copy trading tools:. Visit eToro. Experienced forex traders are less reliant on automated trading features and demo accounts.

For an advanced investor, technical indicators and fully customizable charts are of more value than a copy trading tool — but which forex broker offers the right tools and features for advanced users?

This is where MetaTrader 4 comes in. MT4 has been operating since and is among the industry-leading forex trading platforms in the UK. As well as forex, MetaTrader 4 can be used to participate in other markets such as commodities and indices through CFDs and spread betting. MT4 is widely accepted for two main reasons. Secondly, it offers automated trading via algorithms to close and open positions based on pre-set criteria.

A popular forex broker for professionals is AvaTrade. This CFD and forex broker was launched in and is heavily regulated by financial authorities including ASIC and the Central Bank of Ireland. To gain access to the MT4 trading platform, simply open a live trading account with AvaTrade and choose MetaTrader 4 as your preferred trading platform. The minimum deposit is £ to gain exposure to the markets. Then download MT4 and log in using your AvaTrade credentials. Why should I use MT4 on AvaTrade?

MT4 has several features that allow you to conduct advanced price analyses on all supported instruments. These include a range of timeframes, interactive charts, as well as built-in technical indicators. The AvaTrade MT4 platform allows you to pinpoint the optimal prices to enter and exit your positions.

AvaTrade does not charge trading commissions, meaning the only trading fees you will encounter are the bid-ask spreads, and the overnight financing fee if you keep positions open after standard market hours transpire. For a more detailed look at the ins and outs of AvaTrade see our dedicated AvaTrade review. Visit a regulated UK Forex broker and open an account. This will require you to enter some personal details — such as your name and email address.

Your deposit limits will also be removed. You can now search for the forex pair that you wish to trade. The way to do this is to enter the specific pair into the search box at the top of the page. You now need to select from a buy or sell order. Select the former if you think the exchange rate will increase and the latter if you think the opposite. With so many forex trading platforms in the UK to choose from, it can be challenging to know which one to go with.

The main thing is that your chosen provider is one regulated by the FCA , supports your chosen pairs, and offers low fees and tight spreads.

It takes just 10 minutes to open an account at one of the various forex brokers in the UK that we reviewed. Yes, although forex trading in the UK is heavily regulated, it is perfectly legal to buy and sell currency pairs online. Just make sure that your chosen forex platform is regulated by the FCA. After reviewing dozens of providers, we found that eToro has low fees.

The platform not only offers tight spreads, but all tradable markets are commission-free. With more than 27 million clients as of Q1 - eToro is often the go-to forex trading platform for beginners.

The forex marketplace is an exclusively digital venue offering individuals from around the globe an opportunity to trade currencies remotely via internet connectivity.

Such vast levels of participation are attributed to favourable market conditions and low barriers of entry. All that is needed to begin trading on the forex marketplace is an internet connection, capital, computing capabilities and a trading platform. Perhaps the most important of these inputs is the trading platform, which is a software suite that gives individuals the ability to access and interact with the market. It is an indispensable tool, one that makes both analysis and active trading possible.

To put it simply, the platform is the trader's portal to the market. Characteristics Of The Trading Platform. A truly great platform offers robust functionality through a user-friendly format. The platform is an indispensable part of completing the following tasks: Start Trading with FXCM Today!

Open an Account. Forex trading is a highly competitive and fast-paced arena. In order to keep from falling behind, one must identify and employ the platforms that combine leading-edge technology with innovative flexibility. Trading Station, MetaTrader 4 MT4 , NinjaTrader and ZuluTrade are industry leaders in the provision of forex trading platforms. To decide on the best platform we took the following consideration into account: Functionality : A solid platform must combine cutting-edge technology with a user-friendly interface.

The result is a robust, powerful trading suite. Latency : In the contemporary forex market, speed is a commodity. Top-tier platforms eliminate unwarranted latencies in the areas of data-streaming and order entry. In doing so, they enhance the efficiency of the entire trading process. Advanced Features : Today's forex trader is more dependent than ever on technical analysis.

The best trading software should be equipped with a diverse array of tools and indicators, a multitude of charting alternatives and customisation options. Cost : At FXCM, we feel that elite platforms should be affordable. The low cost structure leaves more capital for the addition of third-party add-ons, strategic development and actual trade execution.

Trading Station. Trading Station is FXCM's proprietary, flagship platform that furnishes users with an abundance of options for both analysis and execution.

It is a solid choice for traders of all experience levels, from novice to expert. Trading Station provides award-winning functionality in the following areas: Charting : Advanced analytical options are readily accessible including the professional charting suite Marketscope and Real Volume indicators. In addition, the Chart Trader and a wide variety of pre-programmed technical tools are available. Automation : Customisable trade automation is included in the Trading Station software suite.

Also, backtest and optimise any strategy quickly and automatically. Order Entry : Multiple order types for market entry and exit are readily at hand.

Accessibility : Trading Station is available via download, web or mobile application. Pros Cons An abundance of technical tools and indicators, complimentary access with live account, low latency and ideal trade execution Not designed for social trading, not available in U. MT4 is considered by many to be the industry standard in forex trading.

Boasting one of the largest user bases in the forex industry, it supplies users with the technology to accomplish any trading objective. MT4 offers a collection of unique services to enhance both analytics and trade execution: MT4 Trading System : An extensive variety of orders for market entry and exit make customising trade management strategies convenient.

Three distinct execution modes promote adaptability and performance. Algorithmic Trading : The proprietary Expert Advisors and broad collection of indicators are valuable tools for custom strategy development. Trading Signals : MT4's signals support social trading functionality. More than 3, free and commercial signals are available for use. Accessibility : MT4 is available through download, web or mobile application. Pros Cons Compatible with all EAs, no trading restrictions, universally accessible Trade execution varies from Trading Station, many EAs come with an additional cost NinjaTrader.

NinjaTrader is a popular choice among futures , equities and forex traders. Featuring advanced analytics coupled with affordability, it is an all-inclusive software trading platform. With more than 40, users worldwide, the NinjaTrader community offers top-tier support and customer service. Below are few of the premier features offered by NinjaTrader: Strategy Builder : Construct fully customised strategies without a programming background using the Strategy Wizard.

Tech savvy traders may code their own strategies using the C based NinjaScript. Market Analyser : NinjaTrader's Market Analyser is a real-time quote sheet that can be tailored to an individual's needs. It is a dynamic way of scanning multiple products for opportunity. Market Replay : Market Replay is a unique way of viewing the market in a delayed fashion. It enables traders to view the price action of past sessions and practice specific trades or test ideas in live market conditions. Accessibility : NinjaTrader offers connectivity via download.

Pros Cons Basic features free to use, advanced technical tools and indicators, strategy-building tools available Limited accessibility, unique programming language NinjaScript , cost associated with automated trade management ATM ZuluTrade. A pioneer in the arena of "social trading," ZuluTrade presents individuals with a method of consulting and copying the trades of other traders in real-time.

ZuluTrade is an attractive alternative for individuals who are just starting out or those who simply do not have the time to fully engage the forex market. ZuluTrade is a unique platform with several distinct features: Full Automation : ZuluTrade gives users the ability to automatically execute the trades of other traders, customise risk management or create custom alerts.

Observe : With TradeWall and the Top Traders spreadsheet, it's easy to select an approach to the market according to performance and suitability. Interact And Learn : The ZuluTrade blog is a valuable educational tool. Learn about indicators, strategies and market basics. A virtual trading floor is available to interact with signal providers and other participants from around the globe.

Accessibility : ZuluTrade is available via download, web and mobile application. Pros Cons Social-trading connectivity, full automation, ideal for peer-to-peer education Subscription costs, increased trade-related latencies, past-performance of signal providers not indicative of future results. Currently new ZuluTrade Account is not available for FXCM LTD clients.

TradingView is one of the best and most popular technical analysis platforms used by more than thirty million users worldwide. However, suppose you are looking to interpret charts using various tools. In that case, TradingView is arguably one of the best available. Its core strength lies in its ease of use. Its user interface is intuitive and fast, allowing users to access charts with a few clicks. TradingView's feature includes: Interactive Charts : TradingView's charts are interactive, easy to read and customizable.

For example, the chart will open in candlesticks by default. In addition, you can switch to as many as 12 chart types, including intelligent drawing tools and over indicators. Markets : The platform can access almost all globally traded instruments. For example, you can use TradingView to analyze patterns of a US Stock, a Chinese Stock, Forex pair, Bitcoin, bonds, commodity futures and many more. Stock Screener : TradingView has a built-in stock screener for tradable stocks.

Like other features on the platform, this one is also easy to use. You can apply filters to a list of instruments to find candidate stocks for your trading strategy. Other than stocks, there are built-in forex and crypto screeners. Both work similarly to the stock screener, only with different input criteria. Pros Cons Extremely versatile with a vast database. Very competent stock screener with a sleek mobile app. Plans range from free to premium — there is something for everybody.

Limited support compared with others. Which Platform Is The Best? Being able to analyse the market in real-time, execute trades efficiently and develop new strategies are key aspects of achieving longevity in the marketplace. Selecting the platform that is best suited for the trading operation's needs is a big part of maximising the chance of success. So, which platform is the best? The question is largely subjective and will depend upon whom is giving the answer.

Each of the above software trading platforms is unique, excelling in specific areas of functionality. Here is a general breakdown of where each excels: Trading Station : The pinnacle in forex connectivity, trade execution MetaTrader 4 : Widely supported among forex brokers NinjaTrader : Cost effective, easily adaptable to futures and equities products ZuluTrade : A premier social trading destination TradingView : Charting platform and social network with a substantial database of instruments and tools.

Depending on the available resources, style and market goals, the determination of a best platform will differ. However, no matter the type or size of trader, one of the aforementioned platforms can optimise performance while enhancing the overall market experience.

Articles published by FXCM Research Team generally have numerous contributors and aim to provide general Educational and Informative content on Market News and Products.

Familiarity with the wide variety of forex trading strategies may help traders adapt and improve their success rates in ever-changing market conditions. The hot Electric Vehicle EV start-up that focuses on trucks and SUVs, reports its financial results for the fourth quarter of , on Thursday March 10 after the US markets close.

A futures trading contract is an agreement between a buyer and seller to trade an underlying asset at an agreed upon price on a specified date. Achieving success in the foreign exchange forex marketplace can be challenging.

Nonetheless, traders from around the globe, both experienced and novice, attempt to do exactly that on a daily basis. Given the above-average failure rate of new entrants to the market, one has to wonder how long-run profitability may be attained via forex trading. Among the many ways that forex participants approach the market is through the application of technical analysis.

By definition, technical analysis is the study of past and present price action for the accurate prediction of future market behaviour.

Learn more about how we test. Go to FXCM Apps. Beginner Trading. Just make sure that your chosen forex platform is regulated by the FCA. Android and Google Play are trademarks of Google LLC. What is a forex trading platform in the UK that has copy trading? Being able to analyse the market in real-time, execute trades efficiently and develop new strategies are key aspects of achieving longevity in the marketplace.

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