Review Websites You Can Use:
FxStrategy.com is a good review website for your basic searching if you are looking for a good review website on the foreign exchange market platforms. They have separate reviews for the major platforms that you can use in your trading. Their reviews tell you what you need to know the most which includes payment methods, leverage amounts that are allowed, rollover policy, spread and a little about each platform that they have reviews on their site.
The Platforms they Review:
They review 6 major foreign exchange market platforms for you. The platforms include Markets.com, eToro, AvaFx, FXCM, Alpari and Forex Place. These are the major forex trading companies that have built their own platforms or have gone above and beyond for their compatibility with all platforms.
The sections of each individual review on the forex platforms and brokers:
Each of their platform reviews discuss what platforms they use or have built for their business or if the company has decided to make them compatible with all trading platforms as it is the case with the first company, Markets.com. This is good as the review will be able to tell you enough about the platform in order for you to determine if you will like to use the platform or not.
They also talk about the spread you can expect when it comes to PIPS. This will allow you to determine if the spread is good enough for you to handle all of your trading and make a decent profit using their software.
The website does a nice job of letting you know if there is another company that has a better leverage amount to meet your needs. It actually provides a number for some of other platforms. If you live in a certain country though you will have to still follow your leverage rules or suffer a penalty if you went with an out of country forex broker and platform.
The review site, FXstrategy.com, is also good for letting you know if the broker or platform lets you use a rollover. The downside of the reviews in this section is that it can be skimpy in its information that it provides to you. One review for example just states that they allow a rollover but it does not say how much interest you will be receiving overnight.
Disadvantages of the website:
The main disadvantage is that they do not talk about the ease of the platforms. So while you may be getting a decent spread and leverage amount you might not like how the platform is set up and your trading could suffer. Another reason the website is lacking is because the other sections are very small in scale and they do not go into a lot of a great detail when it comes to certain things such as the rollover interest rate and fees you will be paying for the platforms.
FxStrategy.com is a good start for when you are trying to locate some information about the different foreign exchange platforms. However, their sections on the different platforms are somewhat lacking in detailed information. The main disadvantages include no usability section and no information on fees and the interest rates for rollovers.
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