{"id":23039,"date":"2011-08-10T08:18:41","date_gmt":"2011-08-10T12:18:41","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=23039"},"modified":"2011-08-10T08:18:41","modified_gmt":"2011-08-10T12:18:41","slug":"the-top-5-forex-trading-platforms-forex-forex-trading","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/08\/10\/the-top-5-forex-trading-platforms-forex-forex-trading\/","title":{"rendered":"The top 5 Forex Trading Platforms"},"content":{"rendered":"<p>The top 5 Forex Trading Platforms &#8211; Forex &#8211; Forex Trading<\/p>\n<p><strong>By Clint Starr, <strong>cashzilla.co.uk<\/strong> <\/strong><\/p>\n<h1>The top 5 Forex trading platforms<\/h1>\n<p>Individuals, corporations and financial institutions speculate on international currency values before trading currencies on the Forex market &#8211; the world&#8217;s<br \/>\nforeign currency exchange &#8211; using Forex trading platforms. Read on for more on currency trading and the top 5 Forex trading platforms.<\/p>\n<h2>Why trade currency on Forex?<\/h2>\n<p>Traders speculate on fluctuations in international currency values to profit by exchanging currencies on the Forex market.<br \/>\nWhile currency values vary slightly throughout any given day, political or economic instability can cause currencies to rise or fall in value, allowing<br \/>\ntraders to benefit from exchanging a particular currency at times when it increases in value or buying currency when its value has depreciated.<\/p>\n<h2>Forex trading platforms<\/h2>\n<p>Forex trading platforms allow traders to trade currency on the Forex market and manage holdings using professional charting, research and order management<br \/>\ntools.<\/p>\n<h2>Why use Forex trading platforms?<\/h2>\n<p>Most <a href=\"http:\/\/www.forextrading.com\/\">Forex<\/a> trading platform agreements come with access to research and reports on the currency market, allowing<br \/>\ntraders to make informed choices when speculating on currency values &#8211; reducing the risk of making a loss and increasing the likelihood of making a profit.<br \/>\nSome Forex trading platforms can be accessed remotely using mobile devices, meaning currency can be traded on-the-go, allowing traders to profit from sudden<br \/>\nfluctuations in currency value.<\/p>\n<h2>The top 5 Forex trading platforms by volume:<\/h2>\n<p>1. FXCM<br \/>\n2. Gain Capital<br \/>\n3. GFT<br \/>\n4. Oanda<br \/>\n5. Saxo Bank<\/p>\n<h2>The top 5 Forex trading platforms: explained<\/h2>\n<h2>* FXCM<\/h2>\n<p>FXCM provides trading platforms that are suitable for new traders and advanced traders. FXCM&#8217;s basic Forex trading platforms offer streaming quotes, order<br \/>\ntypes and reporting tools, while FXCM&#8217;s advanced tools offer hedging, trading from charts, one-click trading and more. FXCM offers traders lower spreads and<br \/>\nno trading restrictions.<\/p>\n<h2>* Gain Capital<\/h2>\n<p>Gain Capital was named the FT Investors Chronicle Best Forex Platform 2010, the Best US Forex Broker 2010 and the MEOT Best Retail Services Provider 2010.<br \/>\nGain Capital offers Forex trading platforms for desktop use, mobile use and website trading. Gain&#8217;s GTX trading platform is commonly used by individual<br \/>\ninvestors, hedge funds and financial institutions.<\/p>\n<h2>* GFT<\/h2>\n<p>GFT offers three award-winning Forex trading platforms &#8211; DealBook 360, DealBook Web and DealBook Mobile &#8211; to facilitate Forex trading from desktops, remote-<br \/>\naccess devices and mobile devices. Traders who use sign up to a GFT Forex trading account can access GFT&#8217;s Forex trading platforms as well as charted data<br \/>\nand other free tools.<\/p>\n<h2>* Oanda<\/h2>\n<p>Founded by a computer scientist and economist, Oanda&#8217;s Forex trading platforms are geared toward remote access and mobile trading. Oanda offers mobile Forex<br \/>\ntrading platforms via downloadable apps for Android devices as well as BlackBerrys, iPads and iPhones. Oanda&#8217;s full-featured desktop trading platform can be<br \/>\ninstalled using any web browser without installing specialist software.<\/p>\n<h2>* Saxo Bank<\/h2>\n<p>Saxo Bank was named Best Forex Broker in Northern Europe and Best White Label Solution Provider at the World Finance Foreign Exchange Awards 2011. Saxo<br \/>\nBank&#8217;s Forex trading platforms operate across Forex, FX Options, Spot Gold, Spot Silver, CFDs, Index Tracking CFDs, Stocks, ETFs and ETCs. Saxo Bank offers<br \/>\nthree Forex trading platforms &#8211; Saxo Trader, SaxoWeb Trader and SaxoMobile Trader &#8211; for use across desktops and mobile devices.<\/p>\n<h2>Metatrader and Forex trading platforms:<\/h2>\n<p>While Metatrader does not broker a platform for use, it does produce bid management software often licensed to brokers who provide Forex trading platforms to<br \/>\ntraders.<\/p>\n<p><strong>Author Bio<\/strong>:<\/p>\n<p>Clint is a part of the digital blogging team at cashzilla.co.uk who work with big finance brands and <a href=\"http:\/\/www.forextrading.com\/\">Forex<\/a> trading<br \/>\nsites. For more information about me, or to keep up to date with the latest in finance news, check out my posts at cashzilla.co.uk or visit my Twitter<br \/>\naccount, @cashzilla.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Traders speculate on fluctuations in international currency values to profit by exchanging currencies on the Forex market.<br \/>\nWhile currency values vary slightly throughout any given day, political or economic instability can cause currencies to rise or fall in value, allowing<br \/>\ntraders to benefit from exchanging a particular currency at times when it increases in value or buying currency when its value has depreciated.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-23039","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=23039"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/23039\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=23039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=23039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=23039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}