Trading Platform is the trading software on which trader trades, execute orders, does the market studies, chart analysis, auto trading with expert advisers. Different forex trading brokers offer different types of trading platform or software, from desktop to mobile version with a wide range of indicators. Here will enlist all different type of trading platforms.
This is the web version of the trading software, it is very efficient for traders as it doe not require any installation of any application or software. You can start trading from your web browser. Just log in rate, all chart & trade quotation will be visible in your browser.
The only disadvantage is, this platform is for a basic level of trading, it does not include all indicators or custom indicators.
This is the most popular trading software by MetaQuotes Corporation. It has two version Metatrader 4 & Metatrader 5. Metatrader 5 is the most advanced one for large capital traders, it supports future contract, stock, bond trading. Metatrader 4 is the common one widely used by most of the forex traders globally. Top features of Metatrader is, you can use a robot for auto trading and can use custom indicator. Metatrader Query Language (MQL) is listed in 33 among worlds top programming language. You can code your own custom indicator. Use Virtual Private Server(VPS) for automatic trading.
Ctrader is another popular trading platform, widely used by all types of trader. With CTrader trader code their own indicator with C# programming language. Ctrader supports Tick Charts.
This trading platform mainly designed for Futures trading. The trader can trade currency futures with this platform. Paid platform.
FIX API stands for FIX(Financial Information Exchange) API(application programming interface) is the currently trending among high frequency traders. It is the most faster trading platform for large volume trading. Many brokers currently offer FIX API trading platform starting from $5000 deposit. The trader who are money managers, or have their own brokerage, FIX API is a suitable option for them.
This is a trading platform for sophisticated large-scale traders. Most advance trading software with varieties types of trading orders, limit orders like bracket orders, OCO, trailing limits etc. The broker who supports CQG generally provides liquidity from top tired banks with 5 level deep pricing.