Forex Software and Broker Reviews - ForexFan.net

As far as Charting platforms go I would say there’s probably none more popular than MetaTrader4 (MT4 for short) for a variety of reasons. It’s free to download and use and is the software package that the majority of retail brokers offer to their clients. If you spend any time looking around trading forums and websites then you’ll also notice that the majority of screen-shots posted are always from MT4 as well.

MT4 basically offers all of the tools that a trader could need so that explains the popularity, crucially it also offers a high degree of customization which is always a massive plus for people with a background in coding who want to design their own indicators specifically for use with their trading systems.

Read the rest of this entry »

Babypips.com describe themselves as “The beginners guide to Forex trading”. They have a variety of tools to aid potential traders and most notably they have an extremely extensive trading school which most important is completely free to sign up too and follow.

Read the rest of this entry »

Forex factory is a social trading community that is extremely well known within the industry.

Their primary offering that they’re most known for is the calendar on the homepage that shows you when all economic news releases are due, what currency they’re going to primarily effect and how high the impact is predicted to be on that currency.

This is helpful for all types of trading but absolutely crucial knowledge for day traders. For that reason a HUGE number of day traders use the website to help them prepare their trading schedules around these news releases. This ensures that the forex factory community is a thriving one and is extremely active.

Read the rest of this entry »

Vantage FX are an award winning Australian financial services firm who offer forex trading services to both retail and institutional clients. While they’re based in Australia they do offer their services to most other places worldwide although unfortunately due to CFTC regulations they are no longer accepting US clients.

The trading platform they use is metatrader 4 which most people are familiar with so if you open an account with them you can probably get started straight away.

Read the rest of this entry »

ProRealTime is one of the leading web-based charting software services. They offer their own workstation and mobile trading facilities, as well as supplying charting software to other brokers and platforms. In particular, they offer their charting packages to various UK based spread-betting companies.

I have extensive experience using the ProRealTime software and one of the huge benefits that I’ve taken advantage of is just how customizable it is. You can develop indicators to match your needs much like on MT4, however in the case of ProRealTime they can actually custom build indicators for you if you’re an account holder. I personally requested a pivot indicator because the one on there by default didn’t quite meet my needs and they promptly coded and delivered to me an updated one which met my needs perfectly.

Read the rest of this entry »

Forex Yard is an online broker with a strong marketing presence in the industry, offering clients the chance to get in with the rest and trade on the biggest financial market of them all: The forex market. For those of you that are looking for a flexible, trading friendly broker, with good terms and even bonuses, you may want to co consider Forex Yard. Forex Yard has some good points going for them. Read the rest of this entry »

Oanda is an online forex broker that, while not as well known as many others, has a very loyal following and receives good reviews anywhere you look. I have tested Oanda and has come to about the same conclusion. Oanda is a forex broker who is all business and no hype. What I liked initially about Oanda, and what set it apart at first glance, is the ability to choose your lot amount. As you may know, most brokers only allow their users to trade the standard 100k lot for a normal account or 10k for mini accounts. Oanda lets you choose lot size and that’s certainly thinking outside of the box. Read the rest of this entry »

FX Club is a forex broker and futures broker servicing traders online since 1995. As such it is one of the longest operating retail brokers out there. FXClub is different in some ways from your average forex broker, which I will show you in this review. If it s good or bad is up to you to decide and you could certainly make a case for either. So how is FXClub different from most other online brokers? First of all, let us look at the commission side of things. Read the rest of this entry »

Finexo is a quality forex retail broker and a white label of Saxo Bank. The broker has been in operation since 2003, so they are a relatively young broker, but have already gained some market shares, I would guess not least because of their involvement with Saxo Bank. So let me give you the lowdown on why you may want to trade with a Saxo Bank partner. Read the rest of this entry »

Etoro is a forex broker with a different take on trading. Where forex trading is usually considered, at least somewhat, difficult to get into for the layman, Etoro has designed their platform to be very simple to use, perhaps even too simple, read on! Read the rest of this entry »