What Trading Software Should Startup Brokers Use?

What Trading Software Should Startup Brokers Use?

Forex trading in shares, currency pairs, indices, metals, or energies provides an opportunity to earn impressive profits. Nowadays, one of the principal assistants of an active startup investor is the trading platform provided by a broker.

For a forex broker startup, it is highly recommended to learn how to trade with virtual assets first so that he/she will not lose real money. There is a wide range of trading platforms, and some of them offer startup traders the possibility to study the working principle of the market, trading terminology, and learn how to make deals. It is an excellent opportunity to get experience in financial markets, learn trading mechanisms, and practice your skills. It will help you gain confidence for profitable trading.

Here is the list of five trading programs popular among the traders:

  1. ATAS is a trading platform which allows a trader to analyze the market situation and reflects it in the intuitive interface. ATAS evaluates the trading volumes by analyzing the flows of orders. It reflects the horizontal and vertical volume of operations. For startup traders, it is available for free for a 2-week period, which would be enough to understand its functions and assess the usefulness of the platform.
  2. QUIK is a reliable trading platform, encrypting all the data exchanged between a trader and a server. It provides a wide range of tools for trading and analyzing financial markets. QUIK allows for not only analyzing markets but also trading in national exchanges. It has an intuitive interface and is available in the web and mobile versions.
  3. ActTrader is a mobile application, which helps to monitor the trading accounts and provides access to the history. It offers several types of graphics and enables the synchronization of personal accounts. ActTrader provides a wide range of technical indicators to make trading easy and quick.
  4. Trade Interceptor Forex Mobile is a free mobile application for working in Forex and with CFDs. It can be synchronized with the version for PC. The app allows monitoring the quotes of raw materials and various currency pairs.
  5. MetaTrader is a trading platform that offers a large number of built-in analytical and trade mechanisms. This platform also has a user-friendly interface and is available in the web and mobile versions. There is also the version for PC, including macOS-run computers. All the trader’s transactions are synchronized, which allows he/she to switch between gadgets whenever you like and continue trading with no interruptions.

MetaTrader has been chosen by millions of Forex traders around the world due to its numerous advantages. It is reliable, easy-to-use, and it offers a wide range of tools for profitable and comfortable trading. With MetaTrader, a trader can access interactive price charts, a full set of trade orders, the most reliable analytical instruments, financial market news, economic calendar, etc. With all this information available in a smartphone or a laptop, a trader can work even while he/she is on vacation.