Searching the best forex platform can be a challenge for both brokers and traders. Brokers will want system that is reliable, flexible to their needs and easy for their customers to use. Traders are also looking for ease of use with good technical information.

Best forex platforms for brokers

Many forex brokers, particularly the larger companies, will have a trading platform custom built for them. This is sizeable business and a brokerage company will usually sneak a look at all of the platforms that competitors are using and then try to develop something better. The cost of this is certainly be high. It can be time consuming too. Software development, like coding, is something that always seems to take longer than projected.

Smaller brokers cannot usually afford to have all of the software designed for them from scratch. On the other hand, they may get a FX trading platform that they can implement out of the box. However, skilled traders will understand this and may avoid such brokers. It is tricky for traders to have trust in a company that does not seem to be investing any resources in its trading software.


An option that works well for many brokers is to obtain a pre designed system and then have somebody modify it for you. The look of the program can be altered to include your logo, company colors and other factors. Better still, you could add more charts and offer any technical analysis that traders are interested in but cannot get anywhere else. This way you can give the appearance of offering an unique trading platform without the cost of complete software development.

Best forex platforms for traders

Personal traders will generally use any software their broker offers. The platform is an important consideration when selecting a broker. For some traders, it is more important than charges. They may accept bigger spread for the sake of the precise charts or information that they need to work on a system that they know is rewarding.

In addition, traders who use programmed systems or robots to trade the foreign exchange market will need a software program on which their robot can function. Experienced traders who have developed a profitable system of their own sometimes devise a robot to automate their application for their own use. Most of the standard robots or expert advisors run on the Metatrader 4 platform. You need to download this for free to use the majority of the forex robots that you can buy at present.

Automated trading software has many advantages, including the facility to automatically open and close trades when the market is favorable to your system. Many forex traders are now shifting into the world of robots and Metatrader 4 is perhaps the best fx trading platform for those traders.