It looks at everything from their layouts to pricing, programming languages, order management, and other design features that might make them a better choice for you. We all have different needs. Some people want to learn and become great traders.

Others only want to know enough to manage trading robots. While many more enjoy the novelty or thrill of speculation, and so on. Whichever group you may fall into, the following tips will help you to make the best of your time in the financial markets.

The MetaTrader 4 from MetaQuotes, also called MT4 is the most popular platform for Forex traders worldwide. It comes with 30 built-in technical analysis tools from Fibonacci to Gann and channels. MT4 offers nine time-frames from 1-minute to monthly charts, meets the highest security standards, and is broker independent.

You can use it to connect to hundreds of brokers through thousands of servers. What makes it so popular, however, is its easy-to-understand and use programming environment. It lets you create custom code that does whatever you like and attach it to the main program easily. As a result, countless traders have created countless add-ons for the system and thousands are available for free.

This makes MT4 the perfect platform for all traders to experiment with the widest range of trading philosophies. You can trade manually from the chart or use market signals and copy trading. You can also buy trading robots and indicators from the market, receive market news, or manage a highly complex trading robot on MetaTrader 4. It is very versatile. MetaTrader is also available as web and smartphone apps. However, their functionalities pale in comparison to the desktop version. But they make it easy to monitor your positions on the go.

The system has a downside though. It is a bit, single-thread program from the days before multi-core CPUs. So, while you may still run it on a bit system, there are performance limits. In the end, MetaTrader 4 will slow down your system if you have super-complex calculations. You can solve this problem a bit by optimizing your code, but MetaQuotes Software came out with the right solution in ; MetaTrader 5.

Take everything that MetaTrader 4 is, then add native bit and multi-core CPU support. Include more indicators and time-frames, and you have MetaTrader 5.

The MetaTrader 5 platform is technically ahead of MetaTrader 4. It offers 38 technical indicators, eight more than MT4, and 21 time-frames, including 1-minute, 2-minute, 3-minute, and so on. There is an integrated economic calendar, market depth, and unlimited charts. In practice, each new chart gets automatically allocated to a CPU thread. This balances the computing load, so you are only limited by your hardware specs.

MT5 is also available for the web and smartphones, including Huawei apps. There is a Hedge Fund version for Hedge Fund managers, with access to 80 global exchanges and liquidity providers for everything from Forex to stocks, bonds, indices, metals, and cryptocurrencies. With all its features, MT5 is still less popular than MT4. The reason is that it comes with a new programming language called MQL5. And many who already work with MQL4 do not want to switch. So, if you are new to Forex trading and have not invested in Metatrader 4, then choosing MT5 might be a wise decision.

Dukascopy is a Swiss bank that offers Forex trading to clients from all around the world. They have an impressive in-house platform called JForex, and it is currently in version 3. JForex is sleek but highly efficient. It lets you trade manually or with automated algorithms.

It also comes with a strategy builder, which includes a visual builder for traders without coding skills to create their strategies using drag-and-drop. Furthermore, Forward FX Matching is a trading segment of the Refinitiv MTF, regulated under MiFID II rules. It offers market leading FX swaps liquidity in a highly compliant manner.

With the breadth and depth of active trading client sites and liquidity providers across the world, our clients benefit from having access to firm liquidity even under major disruptions across the markets. Access market leading liquidity in a transparent, efficient, and cost effective manner.

With the ability to capture deal ideation all the way down to ticket completion information, and an archive of all trading messaging in an automated manner, our post-trade services can help you minimize manual information entries.

The straight-through processing available for our own venues such as FXall and FX Matching, along with the ability to integrate multiple venues and systems via tools such as Refinitiv Compliance Archive, can help you capture and archive all communications, ticket details and trades in an efficient manner. Use Deal Tracker to monitor and process every FX trade on all major foreign exchange platforms around the world. With the ability to integrate these services via in-house infrastructure or using cloud technologies, these services add greater value with lower total cost of ownership for our clients.

Reconstruct, supervise and analyse your message and trade activity in one portal using Compliance Archive. Track, monitor and report trades executed on Refinitiv and third-party venues into a single real-time stream with Refinitiv Market Tracker.

Workspace interconnects data, analytics, trading workflow and liquidity, giving you powerful end-to-end FX Workflow capabilities. FX Aggregator allows a flexible choice of venue and execution management options to trade forex straight from the Refinitiv desktop. Monitor trade activity with every FX trade deal on all major foreign exchange platforms captured.

Reconstruct, supervise and analyse your message and trade activity in an efficient and compliant way, in one unifying portal. Exclusive access to specialist Foreign Exchange FX data, and the tools to manage trading analysis, risk and operations. A historical archive of real-time pricing data, covering OTC and exchange-traded instruments, from more than trading venues and third-party contributors.

Gain expert insights based on our unrivalled access to data. Our special reports detail how the trading sector is embracing new technologies and how our bespoke solutions allow you to stay ahead.

We want our products to provide you optimum efficiency. Find technical support, product updates, training sessions and more. For any questions regarding our solutions and services, our customer service representatives are here to help.

Home Trading solutions FX trading platforms. Your browser does not support the video tag. FX trading platforms. Request details. Overview Request details. Trade smarter, faster and safer. For previous Thomson Reuters users of platforms like the Eikon Proffssional and XTRA products, the layouts will be very familiar. Like those other products, Eikon for retail evolves around creating tabs also called Flex pages and workspaces. Users can customize each of their tabs for specific assets or information such as real time streaming news, economic events, pricing, and charts.

As mentioned before, for a retail offering, the platform was very robust in its features. Creating a news stream for specific currencies, general forex news, or filtered for a country or region was similar to the pro-versions. Also, like the more expensive versions, the economic news calendar updates in real time without the need of refreshing the screen. In addition, the platform contains many pre-existing news queries for users to watch.

One area though where the platform does fall short, at least for currencies is the real time pricing. First of all, quotes are based on a free feed that Thomson Reuters has with some participating banks. Therefore, using the system for tick by tick tape reading is ineffective.

Another issue I noticed was slight delays of price changes during active periods of trading. The Eikon platform I reviewed was limited to real time data for FX only. Therefore, I am not sure if users of exchange traded data will experience the same issues in regards to their real time data. Overall, where the system really excels is with its news and research abilities.

For serious traders that want up to second headlines of what is occurring in the market and breaking news, this platform offers a similar look to what the professionals are using. Example: I saw the headlines for Disney buying the Star Wars franchise on the platform before seeing headlines on mainstream news sources.

That really depends on what a trader is using it for. Experienced traders that have traded professionally in the past and are now working with retail brokers will find this Eikon product to deliver similar features that they were accustomed to in their previous professional environment. Also, for traders seeking for more information versus what the free retail offerings provide, this platform will easily fit their needs. While perhaps not a larger segment, demand for paid analysis and news products is growing steadily as the forex trading industry matures In our 3rd quarter report , we wrote about Ninja Trader which is a paid platform that is being requested by more and more traders.

Forex research sites will also find the platform useful as it will allow writers to gain access to real time financial news for a relatively cheap price. As such, while the price of the Eikon retail edition may deter the vast majority of retail forex clients from purchasing it, the sheer size of the platforms abilities will create interest for the product.

Leverage a comprehensive suite of trading platforms, market insights, data and compliance tools to trade FX spot, FX forwards, and FX options. Our award-winning platforms offer access to the deepest source of liquidity on the market. From price movements across all G10 and emerging market currency pairs, all the way through to conducting technical analysis and transaction cost analysis, we empower your business to make the right decisions in real-time. Our desktop, venues, platform and post-trade solutions can support you to establish and operate a full FX trading franchise, while equally supporting your clients and partners across your network.

Execute your trades seamlessly with our complete end-to-end solution for your FX trades. Access to critical market insights is key to making smarter buy and sell decisions. With Refinitiv you secure a competitive advantage with the most accurate and comprehensive set of foreign exchange pricing data for all transaction types.

Leverage real-time rates in over currency pairs from over 2, sources, including executable prices from Refinitiv FX Matching and EBS. Our trading platforms cover all major currency pairs such as EUR-USD or USD-GBP, as well as emerging market currencies including INR and MXN. Reuters FX Buzz provides forward-looking analysis, trade ideas, and commentary for the foreign exchange community.

Our award-winning analysts have years of experience in the FX markets, and are based across Europe, Asia and America, covering all major and emerging market currencies.

Discover our leading analytics through our relative value ranking and opportunity tracking tools, as well as analysis of implied market expectations, and pricing calculators for FX forwards and FX implied rates, FX options and strategies. Refinitiv provides access to the deepest source of liquidity in the forex markets. Our Dealing platform further enables you to connect with anyone and everyone in the FX trading business so that your counterparty is always one message away.

Find out more about our end-to-end solution for your FX trades. Furthermore, Forward FX Matching is a trading segment of the Refinitiv MTF, regulated under MiFID II rules. It offers market leading FX swaps liquidity in a highly compliant manner. With the breadth and depth of active trading client sites and liquidity providers across the world, our clients benefit from having access to firm liquidity even under major disruptions across the markets.

Access market leading liquidity in a transparent, efficient, and cost effective manner. With the ability to capture deal ideation all the way down to ticket completion information, and an archive of all trading messaging in an automated manner, our post-trade services can help you minimize manual information entries. The straight-through processing available for our own venues such as FXall and FX Matching, along with the ability to integrate multiple venues and systems via tools such as Refinitiv Compliance Archive, can help you capture and archive all communications, ticket details and trades in an efficient manner.

Use Deal Tracker to monitor and process every FX trade on all major foreign exchange platforms around the world. With the ability to integrate these services via in-house infrastructure or using cloud technologies, these services add greater value with lower total cost of ownership for our clients.

Reconstruct, supervise and analyse your message and trade activity in one portal using Compliance Archive. Track, monitor and report trades executed on Refinitiv and third-party venues into a single real-time stream with Refinitiv Market Tracker.

Workspace interconnects data, analytics, trading workflow and liquidity, giving you powerful end-to-end FX Workflow capabilities. FX Aggregator allows a flexible choice of venue and execution management options to trade forex straight from the Refinitiv desktop. Monitor trade activity with every FX trade deal on all major foreign exchange platforms captured.

Reconstruct, supervise and analyse your message and trade activity in an efficient and compliant way, in one unifying portal. Exclusive access to specialist Foreign Exchange FX data, and the tools to manage trading analysis, risk and operations. A historical archive of real-time pricing data, covering OTC and exchange-traded instruments, from more than trading venues and third-party contributors.

Gain expert insights based on our unrivalled access to data. Our special reports detail how the trading sector is embracing new technologies and how our bespoke solutions allow you to stay ahead. We want our products to provide you optimum efficiency. Find technical support, product updates, training sessions and more. For any questions regarding our solutions and services, our customer service representatives are here to help.

Home Trading solutions FX trading platforms. Your browser does not support the video tag. FX trading platforms. Request details. Overview Request details. Trade smarter, faster and safer. How we help. Get specialist insight through award-winning FX platforms. Pre-trade analytics Trade execution Post-trade support. Get the insight you need before you trade Access to critical market insights is key to making smarter buy and sell decisions. Execute your trade on an award-winning platform Refinitiv provides access to the deepest source of liquidity in the forex markets.

Our set of post-trade workflow automation tools can help you with: Minimized operational and counterparty risk: Manage confirmation processes, monitor exceptions, and identify the best settlement path. Enrich trades using our single sign-in database.

Confidence in monitoring notifications: Monitor real-time transmission, observe audit trails, and drill down for complete SWIFT message details. Review process performance.

Build trust with control and compliance: Best practice makes it easy for clients to be compliant with corporate governance and accounting regulations, and FX guidelines. Greater transparency in your communication: Archive, analyse and report on all trading messaging from over 50 sources including Microsoft Teams, Eikon Messenger, social media, voice and many more.

Our bespoke FX trading solutions. Workspace for FX Trading. Refinitiv FXall. Streamline your end-to-end trading process and execute trades efficiently in one solution.

Settlement Centre. Efficient post-trade processing within a single solution. FX Aggregator. Deal Tracker. Refinitiv Compliance Archive. Our data. Our data, your way. Browse the data catalogue. FX Pricing and Market Data. Find out more. Tick History. Learn more with our FX trading insights. Discover the latest insights. We're here for you. Have questions? We're here to help.

Talk to a real person and get the answers that matter most. About Refinitiv. Careers at Refinitiv. Need help? Get support. Get in touch. Contact us. Product logins. Already a Refinitiv customer? Find your product login.

One area though where the platform does fall short, at least for currencies is the real time pricing. According to Derek McKusick, Business Development at Thomson Reuters, integrating trading capabilities via their partnering brokers is an area they are working on, but they have no definitive plans. All these Forex platforms are not equal, however. Also, for traders seeking for more information versus what the free retail offerings provide, this platform will easily fit their needs. We want our products to provide you optimum efficiency. Monitor trade activity with every FX trade deal on all major foreign exchange platforms captured. Add Comment.

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