There are 1000s of trading platforms out there. It's possible some platforms are better for some, depending where you are. For starters you need to check:
- Funds - transferring funds methods, minimum deposit, withdrawal fee, transfer fees.
- Trading - lot size, spread( fixed or fluctuating), minimum leverage, margin call limits. Allow day trading, scalping, hedging.
- Platform - online, mobile, meta trader.
- Resources - teaching material, calculation tools, community support etc.
Personally I would recommend Oanda Fxtrade for currencies. They have no min deposits, can trade any size and one of the lowest spreads out there. Plus they have platforms on all devices and excellent learning resources.
Additionanlly, It’s relatively easy and simple to use, with both basic and advanced features. You will find tons of free tutorials on Youtube for it. And most important part, there is unlimited amount of indicators for it, for almost anything. So you will have all tools that you need to trade. And it’s FREE!
Make sure that your broker - or the broker that you’re planning to work with - support Metatrader 4 platform. But even if they don’t, you can always use a free demo account for Metatrader, and copy your trades to your broker’s platform.
To be more clear, Metatrader 4 may not be the best platform out there. There are possibly better ones. But most - if not all of them - are not free. And they’re somehow more complicated to use, especially for beginners. There are limited in tools and resources.. etc In other words, my recommendation is not only based on the quality of the platform, but I’m also recommending it for many other practical reasons.
Personally, I started trading - long time ago - with Metatrader 4, and it’s still my main trading platform today. You may also want to check Metatrader 5 as well.
Hope that helps.
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