As a trader, picking out the right trading platform for you is a total game-changer! Most traders know that your chosen trading platform will make up half of your trading experience, so choose wisely!
Trading platforms act as a medium between traders and financial markets. So it’s ideal to consider a platform that’s reliable, creditable, carries good features and tools and is also not too costly. But with so many platforms available today, it can be hard to choose, especially if you’re an experienced trader.
Having more experience makes it harder to look for a great platform due to you having more complex needs when trading. But don’t you worry! Below is a list we’ve gathered that includes several awesome trading platforms for experienced traders!
1 – Interactive Brokers (IBKR)
This brokerage firm is one of the well-known ones in the game of trade. It was founded back in 1978 by Thomas Peterffy. This firm offers a wide selection of financial services such as trading platforms, online brokerages, access to multiple global markets, investment research and so much more.
This allows you to trade with various markets like options, forex, stocks, bonds and many more. They also offer trading on tons of global exchange making it popular amongst international traders and investors! And its platforms to consider are Trader Workstation (TWS), INRK WebTrader and IBKR Mobile.
They are also regulated in different countries, offer great research and tools, offer risk management tools, educational resources, and different account types and are low in trading costs! Oh and a great addition they also offer an API which stands for Application Programming Interface, making it perfect for experienced traders to create automated trading strategies!
2 – Thinkorswim by TD Ameritrade
Thinkorswin is a trading platform from the brokerage firm, TD Ameritrade. This brokerage firm was acquired back in 2020 by Charles Schwab Corporation. Thinkorswim is a platform to is ideal for both novice and experienced traders alike!
Apart from being beginner-friendly, this platform carries advanced charting tools that include technical analysis tools, allows traders to customize charts, draw trendlines, use technical indicators and so much more.
This platform also allows you to trade with markets like options, futures, forex, stocks and many more. You can customize the platform to suit your needs like its alerts, watchlist, layouts and so on. This is also available on mobile, offers great educational resources, and has awesome customer support and integration.
3 – MetaTrader 4
One of the popular ones on the list for forex trading is MT4 by MetaQuotes! This trading platform is known for its advanced charting, algorithmic capabilities, technical analysis, expert advisors and one-click trading. But that’s not all, MT4 still carries so many great features to expect that’ll get you excited no matter if you’re a novice or an experienced trader!
But apart from specialising in forex trading this also allows you to access other markets like shares, commodities, indices and cryptocurrency. Great features to expect from MetaTrader 4 are its automated trading, backtesting, custom indicators and scripts, mobile trading, multi-language support, multiple account management and also a community of MT4 traders.
4 – TradeStation
Among traders, TradeStation is well-known for its extensive collection of cutting-edge charting and analytical tools. Additionally, it gives traders access to EasyLanguage, a flexible scripting language that enables them to precisely and confidently develop, optimise, and thoroughly backtest highly customised trading strategies.
TradeStation is a flexible alternative for a variety of traders since it enables clients to make trades in stocks, options, futures and forex. People who need advanced data analysis and automated trading methods frequently choose TradeStation.
5 – SaxoTrader
SaxoTrader is a flagship trading platform by a Danish Investment bank and online brokerage firm, Saxo Bank. This platform is popular for its wide scope of financial products and services. What you can expect is their great multi-asset trading, advanced trading tools, customizable interface, order types, algorithmic trading, mobile trading and so much more!
This platform is also well-regulated by several financial authorities around the globe and offers quality customer support! You can also take advantage of their educational resources and webinars once you’re signed in.
Take away
Now you know 5 great trading platforms suited for beginner and experienced traders! Use your new-found information and consider either one of these platforms on the list! To ensure you’re only working with the best ones in trade!