What Are the Best Trading Platforms for Safe Binary Trading

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Broker 2020!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

Contents

What is The Best Trading Strategy To Earn A Living (Updated 2020)

Answer: The best strategy is the one that fits your circumstances and personality best.

We get this question often because we are the website that everyone goes to for trading strategies. I wish I could give you a straightforward answer to this question. However, I think you know as well as I do that this is a complicated question. To find the solution entirely, we are going to have to give you a complete, in-depth answer.

The answer is the one that fits your style and circumstances. We are going to do that by asking and answering many questions. By the time we are done with this, you will know what strategy is best for you.

I could easily say that the best strategy is a price action strategy, and that may be true for me. But it would not be right for you. This is because you might not be able to trade as many hours or at the same times as me. That is why to find the best trading strategies, they must be custom built for each person.

Today by the end of this article you will know the best trading strategies for you.

Whether you need to develop a Stock Trading Strategies PDF that you can look at any time. Or a complete list of strategies that work. We will help you know precisely what you need to trade well.

I recommend that you bookmark this article right now because you will need to come back here often. You will be using this to assist you to build the strategy that is custom for you. We are going to have many trading strategy examples that you can use as a template to help build. You’ll complete a basket of useful strategies that you will be able to reference in the future. Here is another strategy called best Gann Fan Trading Strategy.

Question: What is the best trading strategy for Intraday?

Answer: Intraday trading will take a great deal of your time. This is because you will be focusing on the charts all day that you will be trading. This type of trading requires a great deal of focus. Make sure the focus is one of your strengths. If you cannot focus, intraday trading will be extremely difficult for you to master.

Here is a list of strategies that we have compiled that work well for intraday trading:

Question: What Are the Best Forex Trading Strategies?

The Forex Market has a high level of price movement which means that there can be fakeouts. This can move you out of your position. We recommend that you find strategies that will allow you to put a stop loss in a place. That will keep your trading from being stopped out quickly.

Here are three strategies we recommend if you start trading forex:

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Broker 2020!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

Question: What are the Best Strategies for Beginners?

Answer: When searching for beginner strategies it is essential to know how long you will be holding your position. If you are going to keep your trades for less and one day that means you are a day trader. And you should find a day trading strategies pdf that you can use as a guide to follow during each trading session.

Here are three strategies we recommend for beginning traders.

Question: What is the best trading strategy for Cryptocurrency?

Answer: CryptoCurrency is a challenge. This is because of the massive price swings that can take a trader out of his trade quickly. Here is a strategy we recommend for trading bitcoin. The scorching market means that everyone will be jumping into it. This is why it is essential to get an excellent plan so you will have an edge over everyone else.

Question: What are the best trading strategy books?

Answer: There are many books that traders should read if they want to become skilled in the craft of trading:.

Here are three books that we recommend if you are looking for trading books.

Question: What is the Best Trading Strategy in the Stock Market?

Answer: Here at Trading Strategy Guides we develop and teach strategies for every market. And we have a list that we recommend if you are trying to learn how to trade in the stock market. The Stock Market is one of the most popular markets for learning how to trade.

Here is the list of the best Stock Market Strategies:

Question: What is the best trading strategy for crude oil?

Crude Oil is a futures market. There are some things that you need to be aware of to trade it correctly. And we have some key setups to show you, including the best strategy pdf and best forex trading strategy pdf. It can also be essential to check the news for such events as the oil supply and demand release each week. We also have training for winning news trading strategy.

Here is what we recommend for trading crude oil.

Question: What is the best strategy for trading commodities?

Answer: We have developed several strategies that help traders to trade commodities. Here are two of the ones we recommend for trading commodities.

Question: What is the best trading strategy for small accounts?

Answer: This is one of our favorite questions here at trading strategy guides. We believe that traders should start small and grow accounts as their skill improves. There is a myth that states, to become successful you must start with a large sum of money in your account. That is merely not true. We have targeted strategies that help you if you only have a pittance to trade.

We have created the perfect strategy for growing your small account.

Here are two that we recommend:

Question: What is the best strategy for scalping the markets?

To scalp the markets, you need to have a short-term trading strategy along with an intraday trading mindset, and we have just the approach to help you with that.

Here are Three scalping strategies that we recommend.

Question: What are the best technical indicator strategies?

Here are three of the best indicator strategies to improve your chart reading skills:

Question: What trading strategy is the best for youtube?

Answer: We have posted many strategies on youtube and will continue to post more for you to learn from on a weekly basis. We have even published what some have said is the best forex trading strategy youtube video out there. The Video component of the learning takes learning to another level. That is why it is crucial to attempt to use visual, audible and execution learning methods so that you genuinely understand more deeply.

Question: What is the best trading strategy on TradingView?

We have developed many strategies, and they all work well with TradingView. However, there are two that we recommend that if you are going to be using the trading view as your trading platform, then you must try these two strategies out.

Question: What is the best options strategy?

Answer: Trading Options is an excellent way for traders to execute trades in the stock market. We have two unique strategies for options we recommend. This style of trading uses a simple set of rules based on technical and fundamental analysis.

Question: What is the best trading strategy exit?

Answer: When trading most traders think only about the trading strategy entry and entirely forget about the exit. The truth is that closing your trade is one of the most critical parts of your trading strategy. This is because if you can’t exit the trade with the profit, you won’t be a winning trader. Make sure you develop a plan that will help you get out of trades quickly and do not just focus on how to get into the trades.

Question: What is the Best Automated Trading Strategy?

Answer: Using Automated trading strategies for profit is extremely challenging because there are so many wild claims on the internet about making millions of dollars. Do your homework do not invest in something unless you understand how it works. Then I recommend starting very small with your investment and slowly increasing the amount you spend as you begin to learn how efficient the automated system is.

Question: What are the best blogs for trading strategies on the web?

Answer: The best trading strategy blog is the Trading Strategy Guides Blog. This is because they have a commitment to quality and excellence in their articles and posts. They use simple step by step instructions that make even the most demanding strategies easy to trade. The reports include the highest quality images. They also have videos about each plan to make the learning that much better. Finally, they put out an infographic for each strategy to indeed make the learning experience complete.

But don’t let us tell you this. See what that trading community has to say about the best trading strategy blogs on the internet.

Part Two: How to Determine What is The Best Trading Strategy For You.

Each trader needs to have a trading routine to find the perfect trading strategy that works for them. If you as a trader take your time on the front end to plan things out and ask yourself the right questions, then you will be able to get a head start and be ahead of 90% of the other traders. Developing a process that you use every day, will assist you in finding the exact plan that will be needed for you.

Some of the things you need to know are:

How much time per day do you want to dedicate to trading?

This answer will vary based on your circumstances. If you work a 9-5 job, then you will not be able to dedicate as much time to trading than someone who doesn’t work a full-time job.

If you are in that category, you will have to find the best long-term trading strategy that you can and then trade that in the mornings before work or in the evenings after work.

One of the great things about trading is that your strategy can be adjusted to fit your circumstances. No Wall Street day job needed.

Another thing you should be asking yourself is how patient you are. Because if you are not a patient trader, then you will not be able to wait for days and hours for entries. In that case, it might be necessary for you to find the best short-term trading strategy because you will not have to be nearly as the patient when trading in the lower time frames.

When determining your trading strategy, you will also have to consider how much money you will have to start with. The amount of money in your trading account can make a big difference as to what type of strategy would be best for you. If you start out with a small balance of fewer than 1,000 dollars, then you would be wise to find the best Mt4 trading strategy. This is because Mt4 is a platform that forex traders rely on. They do not need a large sum of money to start trading. It would also be wise to consider finding a suitable method for keeping your stop losses small. Larger stops can mean more significant declines.

Bottom Line Best Strategy Tips for success:

Yes, you can earn a living buying and selling using online trading platforms. The most important thing to remember is that you need to find a strategy that fits your specific trading style. The way to get the most accurate entries is to try to find the trend by looking at the various highs and lows. This should be able to help you to learn day trading and help things easy by always taking the most simple trade.

Remember always have a profit target when you are taking your trade that will help you with your risk to reward ratio and find the best trade exits.

Trading for a living is not easy, but if you have a fixed income, it can be an excellent additional source of revenue.

Strategies that use specific trade entries and use a reliable risk management methods will help you on your way to having an excellent personal finance plan. The level of risk that you will be using should be comfortable for you, and we recommend contacting a financial advisor to help you with your situation.

We recommend that you test your trading system before putting real money into the markets and that you always use a trading system that uses many resistance levels so that you know how the market will react in as many situations as possible.

Overall Swing traders (also known as position trading) have the most success when first starting out to find the best trading strategy to make a living.

It is also possible to use exchange traded funds or ETFs for any of these strategies. The use of these funds relies heavily on the earnings calendar and the economic calendar. So make sure that you are always following the market news, so you don’t get burned.

There are many types of strategies that can be used to achieve financial freedom. One of those we didn’t discuss in this article was the fundamental analysis trading strategy. We will discuss that method of trading during a later section.

In summary, it is essential to use the right technical indicators to utilize each additional strategy whether it is range trading or momentum trading.

If you have any additional queries on finding the best trading strategy, then please leave a question in the comment section, and we will be glad to help you find what you need to help you become a successful trader.

Thank you for reading!

Please leave a comment below if you have any questions.

Also, please give this strategy a 5 star if you enjoyed it!

ExpertOption review –the best binary options trading platform?

ExpertOption is one of the new and rapidly growing online options trading platforms. The platform is easy to use and accessible through desktop browsers as well as iOS and Android apps for smartphone users.

You should have noticed that I regard ExpertOption the best binary options trading platform. Here are six reasons why.

General Risk Warning! your capital may be at risk

Analysis Tools Right At Your Fingertips

The platform provides easy to access technical analysis tools and trading signals to help you make accurate price movement forecasts.

Also available are the latest financial news and a huge educational resource to enable you keep up to date with the latest information in binary options trading. You’re also provided with an economic calendar, free analytics online and a free analytics newsletter to keep you better informed about the markets.

Super Fast Platform

Available in both browser and app versions, the ExpertOption platform loads fast. Trade entry occurs through simply clicking on the up’ or down’ buttons. High speed order execution ensures you never miss out on a profit opportunity through delays.

Social Feature

No need to spend a lot of time to perform technical analysis before trade entry. You can simply follow expert traders’ moves, copy them and make a profit – at no additional cost.

High Expected Returns

Earn up to 96% on each successful trade. This is much higher compared to competing platforms.

Free Consultation

Real accounts come with a personal manager who will analyze your trading journal and provide help with your trading strategy.

Downloading the ExpertOption App

ExpertOption is available to traders using both desktop and mobile devices. For desktop users, you can easily access your trading account through any modern web browser. For mobile device users, ExpertOption is available through free to download apps.

ExpertOption App for Android and iOS

The app for both android and iOS is full featured meaning you get all the goodies you’ll find when accessing the platform using your browser on a desktop. The apps have been downloaded and installed over 1 million times and are constantly updated to keep it secure. Click here to download the ExpertOption app for android.

Click here to download the ExpertOption app for iOS.

ExpertOption app for Windows and MacOS

Want to access your ExpertOption account using Windows or MacOS platforms? Download the platform specific apps through the links below.

Click here to download ExpertOption for Windows platform.

Click here to download ExpertOption for MacOS platform.

Both apps include all features found in the browser based version. They’re quick to install and provide quicker and safer access to your trading account.

What Are the Advantages and Disadvantages of ExpertOption?

ExpertOption is one among hundreds of online binary options trading platforms. To attract traders, it provides many different friendly features that make it easy to trade options and make money. But it’s not perfect just like other platforms out there. After trading with ExpertOption for several months – and making some money along the way, I have compiled a detailed assessment of the advantages and disadvantages of the platform.

Advantages of ExpertOption

High Expected Returns on Successful Trades

Many online binary options brokers offer expected returns within the 75% to 90% range. ExpertOption ups this by offering expected returns of up to 96% on successful trades. Keep in mind however that the expected return isn’t fixed. So successful trades can earn returns lower than this.

Wide Selection of Assets

The platform offers hundreds of different tradable assets to choose from. These include currency pairs, commodities, stocks and cryptocurrencies. This makes it easy to choose assets you’re comfortable trading on and make quick profits.

Different Payment Methods and Quick Withdrawal Processing

Once you decide to trade on a real account, you can choose among the many payment options to deposit funds. Ofcourse you’ll find the common ones like Visa/MasterCard and bank deposit. But you’ll also find e-wallets such as Qiwi, PerfectMoney and WebMoney accepted also. This makes it easy to use the payment processor that allows you to get your money fast and with the least fees.

Withdrawals are typically processed within 3 working days. This is swifter compared to platforms which take up to 1 week to process any withdrawals you make.

Easily Accessible Platform

ExpertOption is accessible through desktop and mobile devices. You can access your account from your normal web browser of from operating system specific apps. The platform also loads quite fast with quick one-touch order execution for easy trading.

Simple Interface with Tons of Tools and Indicators

ExpertOption does a good job of keeping their interface as simple to navigate as possible. The tools, indicators and other features are a few clicks away. You can also section your interface into up to 3 different windows. This makes it easy to trade on 3 different assets simultaneously.

Vietnamese language supported

One of the prime advantages for Vietnamese traders. Support for Vietnamese allows you to easily use the platform in your own language!

Disadvantages of ExpertOption

First time withdrawals can be complicated. The platform requires you first verify your account (provide passport/ID copies and utility documentation). Verification can take up to 30 days though this is quite rare. This means it might take some time before you finally see your first withdrawal reflect in your account.

$50 Minimum Deposit

Getting started with a real account will require you deposit at least $50. Some platforms have a minimum deposit of $1.

General Risk Warning! your capital may be at risk

Best trading platform for Europeans in 2020

To find the best trading platform for Europeans, we went ahead and did the research for you. First, we selected 59 quality online brokers, then we tested them with real accounts. We evaluated their web, mobile and desktop trading platforms and the research tools too. We went deep, so you don’t have to.

4 made it to the top. We highly recommend all 4 to you. And now, without further ado.

The brokers with the best trading platforms for Europeans in 2020 are:

  1. Saxo Bank, Danish investment bank
  2. Oanda, US forex broker
  3. IG, Global CFD and forex broker
  4. XTB, Global CFD and forex broker

All 4 brokers provide great trading platforms for Europeans, but we have selected a winner and a runner-up for web, mobile and desktop as well.

Winners and runner-ups for best trading platform for Europeans in 2020

Web Mobile Desktop
#1 Saxo Bank Oanda Saxo Bank
#2 IG Saxo Bank XTB

Saxo Bank made it to the top in all three categories, an absolute winner with its SaxoTraderGO trading platform family, which is great for all asset classes.

Oanda has the best trading platform for mobile, an amazing platform for forex trading.

IG is the runner-up in the web category with an extremely customizable web trading platform. XTB is second in the desktop category with platform suitable for forex and CFD trading.

Best trading platform for Europeans in 2020

Saxo Bank Oanda IG XTB
Web platform score 4.5 4.5 5.0 4.4
Mobile platform score 4.5 5.0 4.5 4.3
Desktop platform score 4.5 3.8 4.4
Research score 5.0 4.8 3.5 3.8
Fees score 2.9 4.5 3.3 4.0

What makes the best trading platform? First of all, they need to offer a user-friendly and well-designed trading platform. It’s also important to have a safe login, easy search functions, and an enough number of order types. We also score positively if there are price alerts and clear fee reports.

Easy to list, but hard to figure it out. We are testing brokers along more than 100 criteria with real accounts and real money. We know what’s up. You can find all the ranking criteria in our methodology..

Not sure which broker? For a tailored recommendation, check out the broker finder tool. You can enter your country and it will show only the relevant brokers. Want more details? Compare brokers with this detailed comparison table.

And now, let’s see the best trading platform for Europeans in 2020 one by one, starting with Saxo Bank, the winner for best web and desktop trading platforms.

#1 Best trading platform for Europeans
Saxo Bank

Saxo Bank is a Danish investment bank founded in 1992, providing online trading and investments. The company is regulated by several financial authorities globally, including the Danish Financial Services Agency (FSA) and the UK Financial Conduct Authority (FCA).

Saxo Bank is a global service provider. In the different regions, its subsidiaries are present in the form of separate legal entities. The services offered by each entity might change slightly especially in case of their fees and products available to trade. In this review, we tested Saxo Bank UK.

Saxo Bank is considered safe because it has a long track record, has a banking background, and is regulated by top-tier financial authorities.

Recommended for investors and traders looking for a great trading platform and solid research

Pros Cons
• Great trading platform • High bond, options and futures fees
• Outstanding research • High minimum deposit
• Broad product portfolio • Lacks live chat and 24/7 availability

#1 Saxo Bank
Web trading platform

Saxo Bank’s web trading platform is one of the best among online brokers. It’s easy to use, but also provides features favored by professionals, such as an advanced order panel. On the negative side, there is no two-step login.

Pros Cons
• User-friendly • No two-step (safer) login
• Clear fee report
• Good search function

Saxo Bank’s web trading platform is called SaxoTraderGO, while the name of the desktop trading platform is SaxoTraderPRO. Both are developed by Saxo.

The web trading platform is available in an exceptionally large number of languages.

Saxo platform’s languages

Arabic Bulgarian Chinese Croatian Czech
Danish Dutch English Estonian Finnish
French German Greek Hungarian Italian
Japanese Latvian Lithuanian Norwegian Polish
Portuguese Portuguese-Brazil Romanian Russian Slovakian
Slovenian Spanish Swedish Turkish

Look and feel

SaxoTraderGO is a great platform; we really liked its modern design and user-friendliness.

The easily customizable platform meets the needs of both novice and professional traders. However, customizability has its limits; for example, you can change the size of various tabs but not their relative positions.

Login and security

Saxo Bank provides only one-step login. However, if you have a VIP account, you can have a more secure, IP address-linked Saxo Bank login. Providing two-step login for all account types would be more secure.

Search functions

Saxo’s search functions are great. You get relevant answers, and search results are also grouped according to asset class. For example, if you search for Apple, the results will show Apple stocks, CFDs and options as well.

There is a drop-down button on the right side of the search box for filtering results. For example, you can narrow down stock search results to specific countries, or filter forex search results for major currency pairs.

Placing orders

You can use many order types and order time limits.

Pick any of the order types listed below:

  • Market
  • Limit
  • Stop limit
  • Stop
  • Trailing stop
  • One-cancels-the-other (OCO)

If you are not familiar with the basic order types, read this overview.

There are also several order time limits available:

  • Good till canceled (GTC)
  • Day Order
  • One week
  • One month
  • End of week
  • End of month
  • End of Year
  • Good till date (GTD)
  • Immediate or cancel (IOC)

We also liked Saxo’s fee transparency. When you open the order panel, you will be shown a ‘Trade Ticket’ that lists a lot of useful information, such as the costs or the margin requirements.

Alerts and notifications

You can use a wide range of alerts:

  • Price alert
  • Position closing/opening
  • Portfolio change
  • Margin call, etc.

Notifications from the platform are available as pop-up messages or in email.

Portfolio and fee reports

Portfolio and fee reports are transparent. You can view and download reports under the ‘Account’ tab. Historical profit/loss balance and costs paid are clear and easy to track.

#1 Saxo Bank
Mobile trading platform

Saxo Bank’s user-friendly mobile platform has the same look and almost the same functionality as the web platform.

Pros Cons
• User-friendly • No two-step (safer) login
• Good search function
• Good variety of order types

Saxo Bank’s mobile trading platform is available for both iOS or Android. In this review, we tested it for Android.

The mobile trading platform is available in the same languages and has the same search functions, order types and alerts as the web trading platform. It provides only one-step login, although you can use biometric authentication, which is still not as secure as two-step authentication but is at least convenient.

The platform’s user-friendliness falls short of the web trading platform. We liked the modern design but were slightly disappointed by the confusing menu structure, which sometimes made it hard to find what we were looking for.

#1 Saxo Bank
Desktop trading platform

Saxo Bank’s desktop trading platform is one of the best on the market. It is well designed, easy to use, and offers great customizability.

Pros Cons
• User-friendly • No two-step (safer) login
• Clear fee report
• Good customizability (for charts, workspace)

Saxo’s desktop trading platform, SaxoTraderPRO looks similar to its web-based equivalent.

At the same time, as the name ‘PRO’ suggests, the desktop version offers more advanced customizability. You can run up to six windows at the same time and create your own trading environment. Each window is customizable in size and position.

#1 Saxo Bank
Research

Saxo Bank’s research is great, including well-developed tools for both fundamental or technical analysis. You have clear recommendations, detailed fundamental data and user-friendly interactive charting at your disposal.

Pros Cons
• Good interactive chart • Most fundamental data is not free of charge
• Trading ideas
• Data on asset fundamentals

The majority of Saxo Bank’s research tools can be found on its various trading platforms. Another source of research tools and ideas is tradingfloor.com.

Trading ideas

There are many analysis pieces and recommendations both on Saxo’s trading platforms and on tradingfloor.com.

Fundamental data

Saxo provides very detailed data on stock fundamentals. However, only a few are available for free, namely: Apple, Microsoft, Barclays, Nestlé, Siemens, Telefonica, Nokia, ENI, and Hennes & Mauritz. For data on other stocks, you have to subscribe.

You will find both current and historical data. On top of information such as ownership structure, financial statements, valuation or peer group comparison, you can also prepare your own benchmark analysis. Analyst consensus and target price information are also available.

You can check out the current winners and losers of major stock exchanges, read related news articles, and view related trade signals and calendar events.

Charting

The interactive chart function is also great and user-friendly.

You will find 50 technical indicators and can add many editing tools, like trendlines or Fibonacci tools.

In addition, there is a trading signal tool, which gives you a buy or a sell signal based on technical indicators. This feature is powered by Autochartist, a third-party research company.

News feed

A news feed and an economic calendar are also available on Saxo’s trading platforms. One slight drawback is that you can’t filter news by assets.

On tradingfloor.com, you can read additional news and daily commentary, long-term outlook pieces. or expert opinion.

Other research tools you will enjoy

There is a great stock screener. You can filter stocks by country, industry, and financials.

For example, if you are searching for tech companies in the US with a P/E of less than 15 and a market cap higher than $1 billion, this is basically a two-click exercise in the screener.

#1 Saxo Bank
Verdict

Saxo Bank is a great broker, providing a complex and good service.

Saxo offers a user-friendly and well-designed trading platform, backed by great research. The product portfolio covers all asset types and many international markets.

It has some drawbacks though. The fees for bonds, options and futures are high. There is also a high minimum deposit. Lastly, there is no live chat or 24/7 customer support.

In general, Saxo Bank is one of the best online brokerage companies out there. By opening an account, you will get a broad, well-developed service constantly responding to the needs of clients.

Saxo Bank
Summary Saxo Bank is a Danish investment bank. It is regulated by more than 10 financial authorities, including the top-tier UK FCA.
Fees score 2.9
Recommended for Investors and traders looking for a great trading platform and solid research

#2 Best trading platform for Europeans
Oanda

Oanda is an American forex broker founded in 1996.

It is considered safe because it has a long track record, discloses its financials, and is regulated by top-tier authorities, such as the US Retail Foreign Exchange Dealer (RFED) and the UK’s Financial Conduct Authority (FCA).

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex traders who value a user-friendly platform and great research tools

Pros Cons
• Generally low fees • Only FX and some CFDs
• Easy-to-use web trading platform • Poor customer service
• Easy and digital account opening • High bank withdrawal fee

Visit broker
73.5% of retail CFD accounts lose money

#2 Oanda
Web trading platform

Oanda’s web trading platform is user-friendly and safe with good customizability. On the downside, you can’t set price alerts.

Pros Cons
• User-friendly • No price alerts
• Clear fee report
• Two-step (safer) login

At Oanda you can choose from two trading platforms: Oanda’s own platform or MetaTrader 4. In this review, we tested Oanda’s platform.

The web trading platform is available in several languages:

Chinese English French German Italian
Japanese Portuguese Russian Spanish Japanese

Look and feel

Oanda’s own trading platform is user-friendly and well-designed. It is also customizable, allowing you to change the tabs’ position and size.

Login and security

Oanda provides a two-step login, which is safer than using only a username and password. For two-step login to work, you’ll have to install the Google Authenticator app, which is a compromise that’s easy to live with for the sake of security.

Search functions

The platform’s search function is good, in that you can easily find the assets you are looking for. Assuming you found the search function in the first place – its location is not very intuitive, as the search menu can be found under the ‘Rates’ tab.

Placing orders

You can use the following order types:

  • Market
  • Limit
  • Take profit
  • Stop loss
  • Trailing stop

Only Good till Date (GTD) order time limit is available. To get a better understanding of these terms, read this overview of order types.

Alerts and notifications

You cannot set price alerts and notifications on the web trading platform, although this function would be useful and it is available at several other brokers.

Portfolio and fee reports

Oanda has clear portfolio and fee reports. You can find your summary of spread costs, commissions and profit under the ‘Activity’ tab.

Visit broker More
73.5% of retail CFD accounts lose money

#2 Oanda
Mobile trading platform

Oanda’s mobile platform is similar to the web trading platform in functionality, and as a plus, you can also set alerts.

Pros Cons
• User-friendly • No Touch/Face ID login
• Two-step (safer) login
• Good search function

Oanda’s mobile trading platform is available on both iOS and Android. We tested it on Android in English, but it’s also available in the following languages:

Arabic Chinese German
English Japanese Russian

Look and feel

The Oanda mobile trading platform is user-friendly. The chart tab is great, you can customize it well. This is not something you commonly find at other brokers.

Login and security

Oanda provides a two-step login, which is definitely safe, but you can’t use biometric authentication (i.e. fingerprint or face recognition on your phone), which would make the process even more convenient.

Alerts and notifications

Unlike on the web trading platform, it’s possible to set alerts and notifications on the Oanda mobile platform.

Visit broker More
73.5% of retail CFD accounts lose money

#2 Oanda
Desktop trading platform

Oanda’s desktop platform mimics the web platform in terms of functionality, but its design could be improved.

Pros Cons
• Clear fee report • No price alerts
• Good customizability (for charts, workspace)
• Good variety of order types

Visit broker More
73.5% of retail CFD accounts lose money

#2 Oanda
Research

Oanda has a wide range of research tools, such as news, technical analysis and API.

Pros Cons
• Good interactive chart • Research tools are poorly organized
• Quality news flow
• User-friendly
• Great API

Oanda has a lot of research tools, but they are scattered across five different pages. For the sake of clarity, here they are in one place:

  • MarketPulse: analyses written by Oanda’s own research team. It also includes an economic calendar.
  • News: MarketPulse articles plus a feed by Dow Jones Newswires, a prominent third-party information provider
  • Economic analysis: analyses of important economic events. However, there is an overlap with MarketPulse as many of these articles can be found there as well.
  • Oanda Labs: tools developed by Oanda’s engineers. These tools are usually based on technical analysis, e.g. candlestick pattern analysis.
  • Technical analysis: many technical analysis tools powered by Autochartist
  • Algo Lab: a powerful tool for API trading

Research tools are available in multiple languages.

Fundamental data

Oanda provides no fundamental data, mostly because it concentrates on forex.

Charting

Oanda has great charting tools. The charts are very responsive, easy to edit, and you can use more than 70 technical indicators.

News feed

News is available on the ‘News’, ‘Market Pulse’, and ‘Economic Analysis’ pages. You can reach these pages from the trading platforms.

We think ‘MarketPulse‘ is your best bet to be in the know. It offers well-written news and analysis with visual elements like charts or videos. You can also find a great economic calendar. These elements are totally missing from the ‘News‘ page, while the ‘Economic analysis‘ page is not up to date.

Other research tools

There are so many other research tools that even a separate review wouldn’t do them justice. Therefore, we picked only the hottest ones.

Oanda has great API options. You can make/use your own APIs in a great and very user-friendly environment. Algo Lab allows you to code and deploy your own automated trading strategies right from your web browser. Programming languages supported by Algo Lab are C#, Python, and F#.

Visit broker More
73.5% of retail CFD accounts lose money

#2 Oanda
Verdict

Oanda is a good forex broker: its fees are great, and it has a good web trading platform where you will quickly feel comfortable. It provides a user-friendly and fully digital account opening process, as well as powerful research tools, especially API.

On the other hand, Oanda has a limited product portfolio, as only forex and CFDs are available. Customer support is slow, and bank withdrawal fees can be high.

Feel free to try Oanda: it is regulated by top-tier regulators, there is no minimum deposit, and the inactivity fee only kicks in after two years.

Oanda
Summary Oanda is a US forex broker. It is regulated by top-tier authorities like the UK FCA and Australia’s ASIC.
Fees score 4.5
Recommended for Forex traders who value a user-friendly platform and great research tools

Visit broker More
73.5% of retail CFD accounts lose money

Want to stay in the loop?

Sign up to get notifications about new BrokerChooser articles right into your mailbox.

#3 Best trading platform for Europeans
IG

IG was established in the UK in 1974 and is one of the biggest CFD brokers in the world. It is regulated by several bodies globally, including top-tier regulators like the Financial Conduct Authority (FCA) and the Federal Financial Supervisory Authority (BaFin). IG Group is listed on the London Stock Exchange.

IG is considered safe because it is listed on a stock exchange, discloses its financials and is overseen by top-tier regulators.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are not provided for US clients. Forex trading involves risk. Losses can exceed deposits.

Recommended for traders of any experience level looking for an easy-to-use trading platform

Pros Cons
• First-class web trading platform • High stock CFD fees
• Superb educational tools • Limited product portfolio
• Great deposit and withdrawal options • Poor phone support

Visit broker
68% of retail CFD accounts lose money

#3 IG
Web trading platform

IG’s web trading platform is great for both beginners and professional traders. It is easy to use, has all the necessary functions and can be customized.

Pros Cons
• User-friendly None
• Clear fee report
• Two-step (safer) login

You can use IG’s trading platform or MetaTrader 4, a third-party trading platform. In this review, we tested IG’s own trading platform.

The web trading platform is available only in English.

Look and feel

The IG trading platform is one of the most intuitive and well-designed web trading platforms we have seen.

You can easily customize the trading platform. The flexible design allows you to move windows around and save layouts. You can create watchlists and there is also a one-click trading feature.

Login and security

You can easily set up two-step authentication. You have to download the ‘IG Authentication’ app on your mobile and activate the two-factor authentication.

Search functions

You can search for products in the sidebar on the left. It works as you would expect. You can also browse available investment options by typing manually or browsing through the asset class categories.

Placing orders

You can choose from many order types:

  • Market order
  • Limit order
  • Stop-loss order
  • Trailing stop order
  • Guaranteed stop order

If you are not familiar with the basic order types, read this overview.

There are also order time limits you can use:

  • Good ’til canceled (GTC)
  • Good ’til date (GTD)

Alerts and notifications

Alerts and notification are all available, they can be set if you go to ‘MyIG,’ then ‘Settings,’ and click on ‘Communication Preferences.’

You can choose from multiple alert and trade/deal notifications:

  • price alert (prices reach an important level)
  • indicator alert (technical tools reach an important level)
  • economic alert (big economic announcements)
  • automated or manual deal opening/closing
  • automated or manual position editing

Portfolio and fee reports

IG provides clear portfolio and fee reports. The main performance and status of your account is available on the dashboard of your live account. By opening the menu on the right, you can see the ‘History’ tab where you can check all the costs and returns on past trades.

Visit broker More
68% of retail CFD accounts lose money

#3 IG
Mobile trading platform

The IG mobile trading platform is easy to use and has great functionalities. On the down side, there is no two-step authentication.

Pros Cons
• User-friendly • No two-step (safer) login
• Good search function • No Touch/Face ID login
• Good variety of order types

You can use both IG’s own mobile trading platform and the MetaTrader 4 platform. They are available for both iOS and Android devices.

In this review, we tested IG’s own platform on an Android device.

The mobile platform is available only in English.

Look and feel

The IG mobile platform is very intuitive, similarly to the web trading platform. You can easily find all available features.

The design is OK, nothing great, and not as good as the web trading platform.

Login and security

You can use only a one-step login. A two-step login would be safer.

You can’t use fingerprint or Face ID authentication either. Providing this feature would be more convenient.

Search functions

The search functions are the same as at the web trading platform. When searching, the assets are categorized.

Placing orders

You can use the same order types and order time limits as the ones on the web trading platform.

Alerts and notifications

The mobile platform’s alerts function is not as extensive as the web trading platform’s. You can set only price alerts.

Visit broker More
68% of retail CFD accounts lose money

#3 IG
Desktop trading platform

IG’s in-house developed trading platform has no desktop version. If you prefer a desktop-based platform, you can use only MetaTrader 4.

Visit broker More
68% of retail CFD accounts lose money

#3 IG
Research

IG offers user-friendly research tools. Its news flow and charting tools are great. On the other hand, fundamental data is not available.

Pros Cons
• Good interactive chart • No fundamental data available
• Trading ideas
• Quality news flow

You’ll find IG’s research tools on the trading platform. Just like the trading platform, the research tools are only available in English.

Trading ideas

IG provides trading ideas. You can find ideas about the direction of specific assets if you click on the ‘Signals’ section. e left-side menu.

Fundamental data

IG does not offer fundamental data.

Charting

IG has good charting tools. You can easily edit and save your charts. We also liked that you can mark the date of major economic events on the charts in a quick and simple way. There are 25 technical indicators available that you can use for charting.

News feed

IG has a pretty good news function that is powered by Thomson Reuters. You can get the news directly from the web platform. There is no separate news function on the mobile platform but you can find related news for specific financial instruments.

In addition to the Thomson Reuters news ticker, you can also read tweets from Twitter.

We liked IGTV, IG’s built-in news video service on the web trading platform, which publishes four editions each day. By watching these videos you can stay up-to-date on major news developments, and get analysis on the charts for key forex pairs, commodities and stock indices.

Other research tools you will enjoy

IG Community is an innovative forum for IG customers. Users can share their trading ideas here, which may help you to make a trading decision.

Visit broker More
68% of retail CFD accounts lose money

#3 IG
Verdict

IG is one of the biggest and most reliable CFD brokers. It is regulated by several financial authorities around the world. IG Group is listed on the London Stock Exchange.

IG has one of the best web trading platforms Brokerchooser tested. The deposit and withdrawal conditions are great. You can also educate yourself with great educational materials.

On the other hand, there are some drawbacks. The stock CFD fees are high and the product portfolio in most countries is limited to forex, CFDs, and options. The phone customer service has also low quality.

Feel free to test IG’s first-class trading platform since there is no minimum funding amount for bank transfers and you can easily open a demo account too.

IG
Summary IG is a CFD and forex broker. It is listed on the London Stock Exchange and regulated by several authorities globally, including the top-tier FCA.
Fees score 3.3
Recommended for Traders of any experience level looking for an easy-to-use trading platform

Visit broker More
68% of retail CFD accounts lose money

#4 Best trading platform for Europeans
XTB

XTB is a global CFD and forex broker with headquarters in London and Warsaw. The company is regulated by several financial authorities worldwide, including the UK’s Financial Conduct Authority (FCA) and the Polish Financial Supervision Authority (KNF). XTB is listed on the Warsaw Stock Exchange.

XTB is considered safe because it is regulated by at least one top-tier financial authority, the FCA, and is listed on a stock exchange.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service

Pros Cons
• Low forex and stock index CFD fees • High fee for stock CFD
• Free and fast deposit and withdrawal • Limited product portfolio, mostly CFD and FX
• Easy and fast account opening • Poor email support

Visit broker
75% of retail CFD accounts lose money

#4 XTB
Web trading platform

XTB’s xStation 5 platform is user-friendly, can be customized and has a good search function. On the other hand, a two-step login is not available.

Pros Cons
• User-friendly • No two-step (safer) login
• Clear fee report
• Good search function

You can choose between two trading platforms:

  • xStation 5, XTB’s own trading platform
  • MetaTrader 4, a third-party tool

In this XTB review, we tested the xStation 5. This trading platform is available in many languages:

XTB web trading platform languages

Arabic Bulgarian Chinese Czech English
French German Hungarian Italian Japanese
Polish Portuguese Romanian Russian Slovenian
Spanish Thai Turkish Vietnamese

Look and feel

At first glance, xStation 5 might appear like a platform designed for professional users, but as you start to use it you will find it well-designed and user-friendly, and you will be able to use it with ease, even if you are a starter.

You can easily customize the web trading platform.

Login and security

There is only a one-step login. A two-step login would be more secure.

Search functions

The search function is good. There are different ways you can search for an asset by clicking on ‘Market Watch’:

Type the name of the product in the search bar.

Browse the various categories and product types. For example, if you want to trade with a US stock CFD, you just click on the stock type and select the US.

Placing orders

You can use these order types:

If you are not familiar with the basic order types, read this overview.

There is also one order time limit you can use: Good ’till Time (GTT).

A useful feature of the platform is the trader calculator, which helps you to calculate the margin, the commission and other important parameters for trades.

Alerts and notifications

We liked the ease of setting alerts and notifications. You can set up email, SMS and push notifications for important events such as margin calls, deposits and withdrawals, your closed/open positions and other features.

Portfolio and fee reports

The platform has clear portfolio and fee reports. You can find them under the ‘History’ tab, with the profit/loss of your positions. Daily email reports are also available.

Visit broker More
75% of retail CFD accounts lose money

#4 XTB
Mobile trading platform

The XTB mobile platform has a good search function with a modern design. On the other hand, there is no two-step authentication.

Pros Cons
• User-friendly • No two-step (safer) login
• Price alerts
• Modern design

Both xStation 5 and MetaTrader 4 have mobile platforms on iOS and Android. You can also use an Apple Watch. Similarly to the web trading platform, we tested xStation’s mobile application and we used an Android device.

The mobile trading platform is available in the same languages as the web trading platform.

Look and feel

XTB’s mobile trading platform is user-friendly and well-designed. You can easily find every important feature.

Login and security

The application provides only a one-step login. A two-step login would be more secure.

If you use an iOS device, you can set fingerprint authentication. However, this feature is not available on Android devices.

Search functions

xStation’s search function is great. You can type the name of the product in the search bar or just browse the different categories.

Placing orders

You can use only basic order types:

There is also one order time limit you can use: Good ’till Time (GTT).

Alerts and notifications

You can set a lot of different types of alerts and notifications, including price alerts or notifications about important market news.

Visit broker More
75% of retail CFD accounts lose money

#4 XTB
Desktop trading platform

XTB’s xStation 5 platform has a desktop version as well. In functionality and design, it’s completely the same as the web trading platform.

Pros Cons
• User-friendly • No two-step (safer) login
• Clear fee report
• Good customizability (for charts, workspace)

Visit broker More
75% of retail CFD accounts lose money

#4 XTB
Research

XTB’s research tools are user-friendly. There are a lot of tools that help you to select instruments to trade, and the news flow has some trading idea recommendations too. However, detailed fundamental data is not available.

Pros Cons
• Good interactive chart • Limited fundamental data
• Quality news flow
• User-friendly

XTB’s research tools come from two sources:

  • The xStation 5 trading platform.
  • The XTB website, under the ‘Market Analysis’ section.

Research tools are available in a lot of languages, such as English, Arabic, or Chinese. However, when we set the platform’s language to English, we still got the news commentary in our own language.

Trading ideas

XTB provides a few trading ideas, which can be found in the news flow. These trading ideas are usually short-term and based on technical tools.

However, these trading ideas are not structured. For example, when you search for trading ideas about a specific asset, you get a lot of search results and it’s not easy to find the right one.

Fundamental data

You can only find limited fundamental data. There are a few basic facts, such as the P/E ratio or debt/equity ratio. You can’t access financial statements or operational metrics.

Charting

XTB has good charting tools. You can easily edit and save the charts. You can use 35 technical indicators, which is in the mid-range compared to other brokers.

News feed

The news is provided by XTB’s own research team, which was voted the Best EMEA FX Forecaster by Bloomberg in 2020 Q2 and Q3. The news is a mix of recommendations, data releases from the economic calendar, trader’s talks and brief messages about current market developments.

By using the economic calendar, you can see the upcoming events. When you select an event, you can read a short summary and check the historical data.

Other research tools you will enjoy

The ‘Market sentiment’ feature shows the percentage of the clients’ long and short positions. Another tool, the ‘Heatmap,’ visualizes winners and losers.

The ‘Stocks scanner’ uses 15 factors to filter stocks you want to trade with, including market capitalization, P/E, beta and debt-to-equity ratio.

Another useful tool is the ‘ETF scanner.’ This is very similar to the stock scanner, providing 10 filters such as cumulative return or the assets’ total value. When we tested this tool, only three ETFs were visible and the filters we tried to change were not always working.

Visit broker More
75% of retail CFD accounts lose money

#4 XTB
Verdict

XTB is a great CFD and forex broker. It is regulated by several financial authorities globally, including the UK’s FCA, and it is listed on the Warsaw Stock Exchange.

On the plus side, its forex and stock index CFD fees are low and the deposit and withdrawal process is free and fast. We also liked the seamless and hassle-free account opening process.

XTB has some drawbacks, though. The stock CFD fees are high. The product range is mainly limited to FX and CFDs, although real stock and ETF trading are available in some European countries. Lastly, its email support did not reply to our queries.

We recommend XTB for clients who prefer forex or CFD trading, and also want to enjoy great deposit and withdrawal options and a fast account opening. Feel free to test it using a demo account.

XTB
Summary XTB is a global CFD and forex broker, listed on the Warsaw Stock Exchange and regulated by financial authorities including the UK FCA and Poland’s KNF.
Fees score 4.0
Recommended for Forex and CFD traders looking for low fees and great deposit/withdrawal service

Visit broker More
75% of retail CFD accounts lose money

Best trading platform for Europeans
Comparing broker fees

Fee was not a selection factor for the best trading platform but we also wanted to let you know what you have to pay if you want to sign up with the best trading platforms for Europeans.

If your primary focus is only on fees we recommend you to check out the best discount brokers.

To get things rolling, let’s go over some lingo related to broker fees. What you need to keep an eye on are trading fees and non-trading fees..

  • Trading fees occur when you trade. These can be commissions, spreads, financing rates or conversion fees.
  • Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.

You can compare below the trading fees of the biggest stock markets and the most traded currency pair, and some non-trading fees too. Hold tight, this will be exciting.

Best trading platforms for Europeans in 2020 – Trading fees

Saxo Bank Oanda IG XTB
US stock $10.0 $15.0 $10.0
UK stock $9.6 $9.6 $10.0
EURUSD benchmark fee $15.5 $15.9 $16.9 $15.0

There are huge differences between trading fees, even if you want to do a simple US stock trade. To find out more about how the fares compare between the different trading brokers, check out our ultimate comparison table.

Best trading platforms for Europeans in 2020 – Non-trading fees

Saxo Bank Oanda IG XTB
Account fee No No No No
Inactivity fee Yes Yes Yes No
Withdrawal fee $0 $0 $0 $0

Best trading platform for Europeans
Keep in mind – safety

We recommend only quality brokers, so you can be sure none of the listed online brokers are scams. They are regulated by at least one top-tier regulator. Some of them are also listed on an exchange, and some have a banking background.

However, also brokerage companies can go down. Remember Lehman Brothers? In these cases, it is important to know what happens with your securities and cash on your account. These are usually held in segregated accounts, so even in case of the bankruptcy of the broker, you are safe.

If everything goes very bad and for example, the broker steals your assets, then you have a last resort, the investor protection of the country where the broker is regulated.

The investor protection amount differs from country to country, so worth checking this before opening an account.

Investor protection and regulation

Saxo Bank Oanda IG XTB
Investor protection amount €100,000 for cash deposits and €20,000 for securities in most European countries £85,000 in Europe, none in the US £85,000 in the UK, €20,000 in the rest of Europe excl. Switzerland, no protection in the US and many other countries £85,000 for UK clients, €20,000 for Hungarian/Italian/Cypriot clients, €20,100 for other European clients
Country of regulation Denmark, UK, France, Switzerland, Singapore, Japan, South Africa, Australia USA, UK, Australia, Singapore, Canada, Japan UK, EU, Switzerland, US, Singapore, Japan, South Africa, UAE, Australia, New Zealand UK, Poland, Cyprus, Belize
Listed on stock exchange No No Yes Yes
Banking background Yes No No No

Best trading platform for Europeans
What makes the best trading platform

An online broker and its trading platform can easily make or break anyone’s success in online trading. It greatly influences both your comfort and performance as a trader or investor. It is crucial to choose the online broker with the best trading platform.

A best trading platform in our definition means that the trading platform and research tools you use is great. The trading platform is important for executing your trades, while the research tools are necessary for getting trading ideas. We will uncover the most important criteria you should keep an eye on to find the best trading platform.

7 important criteria for the best trading platforms in 2020

1. User-friendliness A user-friendly and well-equipped trading platform can significantly increase your trading comfort.
2. Safe login Two-step authentication during the login can protect you from unauthorized persons using your trading account.
3. Search function Search for buying Apple or Amazon? On some trading platform, it’s not a piece of cake. Check out how easily you can use this feature.
4. Order types Order types are crucial for risk management. Providing stop orders is a must, while conditional orders are nice to have.
5. Price alerts and notifications Want to be up-to-date about the price moves or the execution of your orders? Easy to set price alerts and notifications surely help you.
6. Portfolio and fee report Portfolio reports help you to easily check the performance of your trades. The fees you pay to the broker are not always transparent even if it’s an important factor in your success.
7. Research tools A broker providing research tools for both technical or fundamental analysis is not usual. Check out what research tools are provided.

Best trading platform for Europeans
Bottom line

You saw the details, now let’s zoom out. Here are the best trading platform for Europeans in 2020:

Best trading platform for Europeans in 2020

Saxo Bank Oanda IG XTB
Recommended for Investors and traders looking for a great trading platform and solid research Forex traders who value a user-friendly platform and great research tools Traders of any experience level looking for an easy-to-use trading platform Forex and CFD traders looking for low fees and great deposit/withdrawal service
Visit broker Visit broker
73.5% of retail CFD accounts lose money
Visit broker
68% of retail CFD accounts lose money
Visit broker
75% of retail CFD accounts lose money

All brokers are considered a great choice. Pick the winner, or any runner-up and take the next step in your investment journey. Let us know what you think in the comments section.

Still unsure? Use the broker finder and find the best broker for you or learn more about investing your money.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Broker 2020!
    Perfect For Beginners!
    Free Trading Education!
    Free Demo Account!
    Get Your Sign-up Bonus Now!

  • Binomo
    Binomo

    Good Broker For Experienced Traders!

Like this post? Please share to your friends:
How To Do Binary Options Trading?
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: