When you choosing a platform, you’d better make a rational and informed decision, not falling for dubious advertisements. For this, it is good to keep in mind the advantages and disadvantages of certain trading facilities.
Your choice largely depends on your personal preferences and needs, but there are also universal parameters which can tip the scales in certain platform’s favor.
What is a platform?
Trading terminal or platform for carrying out trade transactions is a program providing its user with the opportunity to follow the financial situation on International Currency Market and participate in bidding on their own behalf. Broker organizations also call platforms trading clients, but all these names are used for the same.
The presence of following characteristics will help you to spot a credible platform:
– Easy interface: the convenience of trading process on Forex market highly depends on initial interface comprehensibility, its design and the possibility for a user to choose their own setup;
– Productivity and speed: many low-speed platforms show irrelevant equity flotation – it means that when priced are changed, you’re not seeing it on time;
– Safety and confidentiality of user’s trading operations: it depends on a broker as much as on a platform;
– Functionality: the number of analytical tools available, including graphics and technical indicators, time intervals, the tools for fundamental analysis, the list of global markets and etc.
You may use a piece of advice from trusted brokers, such as Avatrade. Click here to read the article about its platforms.