Apart from Metatrader 4 and its advanced customization opportunities several other Forex platform types appeared on the market attracting millions of users from the entire world. eToro's openbook and Currensee provide a different view of
the market by focusing on a more social approach. This makes it ideal for newcomers as they learn trading strategies and techniques by monitoring the experts and their performance over any given time period. If you are just starting out with currency investing then any of the above platforms would be the best solution for you as their simplicity and small learning curve will make it easier for you to adjust too. On the other hand if you are looking for functionality and advanced tools then Tradestation or Leverate might be a better option. In this article we are going to discuss the two platforms and how their in-depth functionality and tools can accommodate even the most complicated trading strategies.
TradeStation: Developed by Tradestation Inc, the platform allows users to trade a variety of assets including Forex currency pairs with advanced functionality suited for professional traders. Tradestation has been acquired by Monex Group in 2011, a company based in Japan and currently the largest financial service provider in the country. Its array of tools and features making it one of the most advanced platforms in the market, ideal to develop, test and optimize any trading strategy. Their performance on Forex has been received with numerous awards allowing traders to use hundreds of indicators and historic currency data that can stretch back up to 40 years. With competitive spreads and real time news, Tradestation is a good solution for technical and fundamental traders. Keep in mind that using Tradestation will take a while to get used too. The company does a good job in providing a number of tutorials and video guides to its clients.
Leverate: Powerful platform that offers a variety of features that make a trader's experience safer and much more sophisticated. One of the company's flagship products is LXRISK, a risk management system that allows brokers to offer a platforms that has minimum delays, handles well massive volume of traders and provides an excellent experience to its clients. Moreover they offer social trading services similar to eToro's openbook, smartphone support and affiliate network programs with competitive payouts. Leverate's clients are Forex brokers that offer its platforms alongside with their other products such as Metatrader 4.
Richard BroomStick is a financial writer that writes about Forex trading. Check out our Oanda review
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