Combining the right platform with a top forex broker that offers low spreads, fast execution speeds and a suitable leverage can be the difference between success and failure on currency markets.
Pepperstone are the only Australian forex broker to offer 7 platforms including MetaTrader 4 and cTrader, the two most popular trading platform worldwide. In addition to the choice of the best forex trading platform, Pepperstone also offers the EDGE environment allowing clients direct Electronic Communication Network ECN trading via the most popular trading platform Metatrader 4.
This is up to 12 times faster than competitor platforms, delivers optimal pricing and enhanced connectivity through the ECN producing tighter spreads. In addition to the 12x execution speeds mentioned earlier a further 10x reduction in latency has been achieved through fibre optical connections to interbank servers in New York City.
The company also introduced one click foreign exchange trading not too long ago. In our Pepperstone review we found incredible pricing efficiency when trading thanks to their ECN venues and banking systems. This pricing accuracy minimises slippage and ensures retail traders are not losing precious capital unnecessarily.
Pepperstone is regulated in Australia which means all staff meet minimum training standards set by the regulator. Pepperstone spreads are most competitive in the industry. Traders looking to scout out the best forex trading platforms should factor this into their calculations before making a final decision on which company to proceed with.
Pepperstone is able to offer clients some of the tightest spreads available in the world due to their access to tier 1 liquidity from some of the largest banks in the world. Pepperstone offers leveraged trading of It should be noted that internationally, any leveraged trading exceeding Pepperstone offers forex traders to choose the level of leverage that suits their level of risk appetite and experience.
This occurs when they look for the best foreign exchange trading platform for their needs. After completing our Pepperstone review, we came to the conclusion that traders can trade currency with confidence with Pepperstone knowing they are stringently regulated and certified under strict Australian law. There is also a webtrader which means you can trade on any computer without the need to download software which is great for those travelling interstate of overseas. Pepperstone has the most comprehensive range of payment methods with most offering instant funding options to start trading faster.
The newest addition is Paypal which is one of the worlds most popular and secure payment platforms. Below shows the range of payment options for the forex online broker.
The EasyMarkets platform is recommended for beginner forex online traders based on the ability to:. The retail forex platform share accounts as well as templates making it easy to access either when trading. The most basic version available when currency trading are web based forex trading platforms.
These web based versions rarely have the functionality of the downloaded fx trading platforms and can have latency issues. Customisation options can also be limited. This enables all features and customisation to occur and for the fastest trading experience to be made possible. These downloads also assists with automation and more sophisticated currency strategies.
Often features are limited within these apps but the main trading options can still be implemented. These devices are most commonly used to monitor currency markets or end trades rather then actively trade in the market. Compare Forex brokers is run by a team of Australians that have operated with CFDs financial service providers for over a decade. To determine the best forex broker a list of providers and reviews were created leading to the best forex trading platform comparison table above.
The key factors that led to these brokers not been included included the forex platform they used, spreads and leverage. The best forex broker table was updated in September based on the currency trading Australia provider websites and product adjustments. Currency traders should consider the contents on this site in combination with the most up-to-date content on CFDs providers websites. Comparison of currency trading platforms for Australian FX traders.
CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved. Cuts out a dealing desk? Number Of Currency Pairs Offered? From 2 Pips Australia Platform Guides Learn about the components to consider when choosing a platform for forex trading. Australia Currency Trading Learn of the benefit and risks of currency trading and how brokers impact forex trading.
Forex Trading Strategy View the most popular currency strategies that Australia forex traders make on the market. The best forex platforms based on popularity, usability executions speeds, features and more are displayed below. Undo trades within 60 minutes through Deal Cancellation Implement free guaranteed stop loss orders to avoid slippage Trade knowing the fees with fixed spreads applied to trades Keep a demo version for an unlimited time-frame.
CFDs are leveraged products. MT4 is the the most popular forex worldwide trading platform with automated EA functionality.More...