Top 10 FOREXTrader Alternatives & Competitors

(1)0.0 out of 5

The Brokerage Trading Platforms solutions below are the most common alternatives that users and reviewers compare with FOREXTrader. Other important factors to consider when researching alternatives to FOREXTrader include reliability and ease of use. The best overall FOREXTrader alternative is TradingView. Other similar apps like FOREXTrader are Kite, thinkorswim, Abbado, and eToro. FOREXTrader alternatives can be found in Brokerage Trading Platforms but may also be in Financial Analytics Software.

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Best Paid & Free Alternatives to FOREXTrader

TradingView
Kite
thinkorswim
Abbado
eToro
E*Trade Web Platform
Dotbig platform
Galileo FX

Top 10 Alternatives to FOREXTrader Recently Reviewed By G2 Community

Browse options below. Based on reviewer data, you can see how FOREXTrader stacks up to the competition and find the best product for your business.

Product Description

Categories in common with FOREXTrader:

Brokerage Trading Platforms

Kite

By Zerodha

4.6/5

(39)

Product Description

Categories in common with FOREXTrader:

Brokerage Trading Platforms

Product Description

Categories in common with FOREXTrader:

Brokerage Trading Platforms

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eToro

By eToro

3.7/5

(25)

Product Description

Categories in common with FOREXTrader:

Brokerage Trading Platforms

E*Trade Web Platform

By eTrade

4/5

(24)

Product Description

Categories in common with FOREXTrader:

Brokerage Trading Platforms

Dotbig platform

By DotBig ltd

4.4/5

(23)

Product Description

Categories in common with FOREXTrader:

Brokerage Trading Platforms

Galileo FX

By Orion Software Development Srl

4.5/5

(20)

Product Description

The Galileo FX Trading Robot is an automated trading software that has been in operation for over three years, serving more than 4,000 clients. It integrates with trading platforms and gives users control over actions, trades, and strategies. The software has demonstrated impressive performance, repeatedly outperforming major indexes like the S&P 500. Galileo FX has been featured on prominent financial news outlets such as Bloomberg, Yahoo Finance, MarketWatch, and Nasdaq.com.

Categories in common with FOREXTrader:

Brokerage Trading Platforms

MetaTrader 5

By Henyep Capital Markets

4.3/5

(19)

Product Description

MetaTrader 5 (MT5) is a comprehensive multi-asset trading platform developed by MetaQuotes, designed to facilitate trading across various financial markets, including Forex, stocks, and futures. It offers a robust suite of tools for technical and fundamental analysis, algorithmic trading, and copy trading, catering to both novice and experienced traders. Key Features and Functionality: - Flexible Trading System: MT5 supports both netting and hedging order accounting systems, providing versatility in trading strategies. It offers four order execution modes—Instant, Request, Market, and Exchange execution—and supports all types of trade orders, including market, pending, stop orders, and trailing stop. - Advanced Technical Analysis: The platform allows users to open up to 100 charts simultaneously, with 21 timeframes available for detailed analysis. It includes over 80 technical indicators and analytical tools, enabling comprehensive market analysis. - Fundamental Analysis Tools: MT5 integrates news reports from international news agencies and features an economic calendar, assisting traders in making informed decisions based on macroeconomic indicators. - Algorithmic Trading: Utilizing the MQL5 programming language, traders can develop, test, and apply Expert Advisors (EAs) and trading robots, automating trading strategies for enhanced efficiency. - MetaTrader Market: The platform provides access to the MetaTrader Market, the largest online store of trading applications, where users can purchase or rent trading robots, technical indicators, and scripts to enhance their trading experience. Primary Value and User Solutions: MetaTrader 5 addresses the needs of traders seeking a versatile and powerful trading platform that supports a wide range of financial instruments. Its advanced analytical tools, combined with algorithmic trading capabilities, enable users to develop and implement complex trading strategies. The integration of fundamental analysis resources ensures traders have access to timely market information, aiding in informed decision-making. Additionally, the platform's support for copy trading allows users to replicate the trades of successful traders, providing opportunities for learning and potential profit without extensive market experience. By offering a comprehensive suite of tools and features, MetaTrader 5 empowers traders to navigate the complexities of global financial markets effectively.

Categories in common with FOREXTrader:

Brokerage Trading Platforms

IEX

By IEX

4.6/5

(18)

Product Description

IEX Exchange is a U.S.-based stock exchange that facilitates the trading of equities through a transparent business model and innovative technology. Established to enhance market integrity and protect investors, IEX employs unique mechanisms like the "Speed Bump"—a 38-mile coil of optical fiber introducing a 350-microsecond delay—to level the playing field among traders. This design aims to mitigate the advantages of high-frequency trading and ensure fairer execution for all participants. Key Features and Functionality: - Speed Bump: A deliberate delay mechanism that prevents latency arbitrage, promoting equitable trading conditions. - The Signal: A machine learning-based formula that identifies moments of price instability, incorporated into order types to protect trades during volatile periods. - Discretionary Peg Order Type (D-Peg): An order type that rests outside the National Best Bid and Offer (NBBO) and steps to the midpoint, except when The Signal indicates price instability. - Market Data Feeds: Proprietary feeds like TOPS and DEEP provide real-time top-of-book quotations and depth-of-book data, ensuring transparency and informed decision-making. Primary Value and User Solutions: IEX Exchange addresses the challenges posed by high-frequency trading by implementing technologies that promote fairness and transparency. By introducing mechanisms like the Speed Bump and The Signal, IEX reduces the risk of predatory trading practices, ensuring that all market participants, from institutional investors to individual traders, operate on a level playing field. This approach enhances execution quality, fosters trust in the trading environment, and ultimately contributes to a more efficient and equitable financial market.

Categories in common with FOREXTrader:

Brokerage Trading Platforms