Review of the best forex trading platforms 2025. What is worth paying attention to?

12, Apr - REVIEWS

Trading platforms play a key role in a Forex trader's success. They provide access to the market, provide tools for analysis and allow you to open trades with maximum comfort. There are many platforms on the market, each with its own advantages and disadvantages. In this article, we will look at the best Forex trading platforms that are most popular among traders.

We also recommend reading the article: "Top 5 Common Forex Trading Tactics"

1. MetaTrader 4 (MT4)

Description:

MetaTrader 4 is one of the most popular platforms for Forex trading. It was developed by MetaQuotes in 2005 and still remains the leader in its category due to its ease of use and wide functionality.

Advantages:

• Intuitive interface: Easy to learn even for beginners.
• Wide range of tools: Supports more than 30 technical indicators and graphical objects.
• Automated Trading: Ability to create or use pre-built Expert Advisors (EAs) to automate strategies.
• Social Trading: Many brokers offer trade copying via MT4.
• Mobile version: Available for both iOS and Android.

Disadvantages:

• Limited opportunities to work with assets other than currency pairs.
  Lack of some advanced features available in MetaTrader 5.

Suitable for: Beginners and experienced traders who prefer simplicity and reliability.

2. MetaTrader 5 (MT5)

Description:

MetaTrader 5 is an improved version of MT4, released in 2010. It offers advanced features for trading not only currency pairs, but also stocks, commodities, indices and cryptocurrencies.

Benefits:

• Advanced functionality: Supports up to 21 time periods instead of 9 in MT4.
• More accurate analysis: Uses the moving average closing price method, which makes the analysis more accurate.
• Improved automation: Ability to create complex trading robots using MQL5.
• Multi-asset trading: Access to different asset classes.

Disadvantages:

• More complex interface compared to MT4.
• Not all brokers support MT5.

Suitable for: Traders who want to work with a variety of assets and use advanced analysis tools.

3. cTrader

Description:

cTrader is a modern ECN platform developed by Spotware Systems. It is characterised by high speed of order execution and absence of requotes, which makes it especially attractive for professional traders.

Advantages:

• ECN Execution: Direct connection to liquidity providers without dealer involvement.
• High speed: Execution of orders takes only a few milliseconds.
• Flexibility: Possibility to use custom algorithms and automation via C#.
• Clean charting: No delays or artefacts when working with charts.

Disadvantages:

• Complicated interface for beginners.
• Fewer brokers support cTrader compared to MetaTrader.

Suitable for: Professional traders who work with ECN accounts and require high execution speed.

4. TradingView

Description:

TradingView is a cloud-based service for analysing financial markets that also provides trading capabilities through broker integration. Although it was originally created as an analysis platform, many traders use it for trading.

Benefits:

• Advanced Analysis: Wide range of indicators, scripts and tools for technical analysis.
• Social trading: Ability to communicate with other traders and exchange ideas.
• Mobility: The platform is accessible via browser and mobile application.
• Automation: Pine Script support for creating your own indicators and strategies.

Disadvantages:

• Limited trading opportunities without broker integration.
• Not all brokers support TradingView for trading.

Who is suitable for: Traders who want quality market analysis and ease of use.

5. xStation

Description:

xStation is XTB's proprietary broker platform, which features an intuitive interface and multiple functions for market analysis. It was developed specifically for traders who prefer data visualisation.

Benefits:

• Visual analysis: Unique tools for creating graphs and charts.
• Easy to use: Intuitive interface suitable for beginners.
• Wide range of assets: Access to currency pairs, stocks, commodities and indices.
• Mobile version: App for iOS and Android with full functionality.

Disadvantages:

• For XTB customers only.
• Less automation options compared to MetaTrader.

Suitable for: Traders who prefer visual analysis and ease of use.

6. Libertex

Description:

Libertex is a mobile Forex trading platform developed by Libertex Group. It is characterised by its ease of use and is aimed at beginners.

Benefits:

• Simplicity: The minimal number of buttons and functions makes the platform ideal for beginner traders.
• Mobile: The platform is fully optimised for use with smartphones and tablets.
• Demo account: The opportunity to test strategies without risk.
• Copy trades: Integration with social trading system.

Disadvantages:

• Limited functionality for professionals.
• Less opportunities for analysis compared to MetaTrader.

Who is suitable for: Beginners who want to start trading with minimal effort.

7. WebTrader

Description:

WebTrader is a browser-based version of many popular platforms (e.g. MetaTrader, cTrader). It allows you to trade directly through your browser without the need to install additional software.

Advantages:

• Ease of access: No need to install the software.
• Mobility: Works on all devices with internet access.
• Full functionality: Supports almost all features of the desktop version.

Disadvantages:

• Dependence on the stability of the internet connection.
• Less customisation options compared to desktop versions.

Suitable for: Traders who need quick access to the market without installing additional software.

Conclusion

The choice of trading platform depends on your goals, level of experience and preferences. Here is a short list of recommendations:

• For beginners: MetaTrader 4, Libertex, WebTrader.
• For professionals: MetaTrader 5, cTrader, TradingView.
• For market analysis: TradingView, xStation.
• For mobile trading: Libertex, TradingView, mobile versions of MetaTrader.

It is important to test several platforms on demo accounts to find the one that best suits your needs.