Online Forex Trading Platforms

Forex Trading Platforms -  Which platform suits you?

When it comes to trading currency online, one of the biggest decisions you have to make is who you'll be trading through.  While there are a number of online forex trading brokerages out there, some are more popular than others and offer better choices for different types of user.  Are you an experienced trader or new to the game?  Do you need ease of use, and simplcity or do would you prefer more direct functionality from the interface and greater capacity to micro - manage your portfolio?  How important is the online support and community involvement?  All these questions and more need to be considered carefully before making your choice.  Some of the most popular trading platforms are reviewed below, take a look at their relative strengths and weakness and go from there.

eToro

eToro is one of the most popular trading platforms and it focuses it's attention mainly on new traders, people who are new to forex trading and require a simple and user friendly design, without sacrificing core functionality.   One of the best things about eToro is that it makes forex trading a more social and fun experience and has an active support forum that really helps novices get started. 

eToro has won a number of awards and mosr recently claimed most innovative trading platform 2010 after pioneering their Open Book system.  For anyone starting their forex trading career, eToro is a highly recommended choice.

UFX Bank

UFX Bank is another forex broker that targets the more advanced forex trader.  As with AvaFX, you have options with UFXBank in terms of what you trade.  Whether it's stock indicies, currency or commodities, you have the capacity to do so with UFX.  As an additional bonus, UFXBank  aggressively targets new traders by offering introductory incentives.

Given the amount of possible start up bonus capital you can get with the UFXBank trading platform, it's worth looking at what they have on offer.  A 30% bonus on initial deposit is pretty serious and they're clearly banking on you staying long term.

 

Easy-Forex

Easy-Forex is another  platform built with ease of use in mind.  Similar in some ways to eToro, Easy-Forex also seeks to target new traders and break down the perception of online cuurrency trading as and an exclusive and complicated industry.   Easy-forex has developed some very sophisticated technology to make trading simple and convenient enough that most people can easily get started and not feel overwhelmed.

Easy-forex has also invested in accessibility, making it possible to trade from any computer with an internet connection or even from your Android mobile phone.  The name really says it all with Easy-Forex.

AvaFX

AvaFX is one of the more formal and professional platforms available.  As well as Forex, you can trade commodities like Oil, as well as stocks through their trading platform.  Avafx focuses on providing comprehensive and accurate information in a very timely manner to it's traders to help the realise the greatest returns possible.

Ideally suited to the intermediate/advanced trader, Avafx is still accessible as a starting point for novices, it merely focuses it's attention on a different, more mature audience.