Choose the Right Platform For Your Trading Level
Dave Green • 2 min read
An online broker provides you with a virtual trading platform which you can use to execute all your trades: buy and sell currencies, stocks, funds, commodities, etc. Once you’ve opened an account you’ll be able to easily track your investments, performance and trades by logging in to your account. A good online broker will also provide you with market news, updates, trading and analytic tools, good customer support, forums, professional information and a learning center.
To put it simply, an online broker serves as your personal trading gym. The better the service they provide- the greater the results you can achieve. So far this information is not helping you too much, right? You still can't decide which broker to choose! That's why i decided to match the most popular brokers to your trading level
I am a beginner
If you're an absolute beginner, new to the world of Forex, we definitely think you should start trading with eToro . eToro's platform is probably the most attractive and intuitive there is today. It is friendly, and targeted to the average Joe. This broker will allow you to start trading immediately, with minimum headaches and misunderstandings. In addition they promote cool championships and allow you to start with a low deposit. eToro's “openbook” is a new, outstanding trading alternative, which turns the experience of trading into a social, dynamic experience, where you can see, follow and copy any of the eToro members, live!
If you are a new trader who wishes to trade according to fundamental analysis (based on the economic news, events and real conditions), then we recommend that you go for Plus500. These two brokers provide easy to use platforms and trading tools based on events, even when the market is very volatile! They also run attractive first deposit bonuses and promotions, and are designed for easy, intuitive trading.
I have a bit of experience
If you are familiar with the Forex market and you are looking for platforms that provide investment opportunities with a clear and professional feel, or if you want thorough educational tools and learning support, then AVAFX or eToro should suit.
With these brokers you can leverage the power of your knowledge, using a variety of indicators or expert advisors that have been programmed and / or chosen by you.
I am an advanced trader
If you are an experienced trader who wishes to deposit a high capital sum for investment purposes, we suggest you choose one of the brokers aiming for this kind of targeted audience.
Among them are FXCM and Markets.com. They offer the lowest spreads and best order executions.