Top WebTrader Forex Brokers 2018
There are several forex trading brokers that provide trading via a web browser. The WebTrader is a browser-based trading platform fully simplified with advanced trading features and tools to enable a clutter-free trading interface.
Most brokers use the WebTrader platform to provide online trading services, but only as an add-on service to other downloadable trading platforms. However, there are a few brokers that focus solely on providing trading services via the web portal. For these brokers, the downloadable/installable trading software like the MT4 and MT5 are only secondary to their main web-based platform.
Through the web platform, investors can trade stocks, options, futures, FX, mutual funds, bonds and much more across several international stock exchanges, all from one operating account.
Top features of Web-based trading platforms
- Charting Functionality and Market data: Powerful charting system allows traders to analyze and compare historical prices across different assets. Investors can use chart modules to track price movements for selected assets. They can also stream market data or opt to receive delayed market data on selected instruments for which they do not have subscription rights. The economic calendar will also give them an overview of the current market conditions around the globe.
- Advanced Trading Tools: Web trader investors have access to the Market Depth tool which displays alternative bids and offers away from the inside quote. This functionality allows traders to gauge the liquidity of the market. They can also use Market Scanners to skim through different markets and then quickly return to their initial market. The platform also allows traders to integrate a third-party forex trading simulator of their choice, which they can use to test different trading strategies.
- News and Fundamentals: Stay in the loop with the latest market news and fundamental analysis. These features enable investors to view current market news for the symbols currently held in their portfolio. The platform is also well equipped with symbol-specific fundamentals that give investors accessibility to prices, charting, analysts info as well as insider trading info.
- Customizable global access: Through the customizable interface traders can trade multiple asset classes as well as personalize their interface by choosing an array of charts, market data, open order and prices that fit their trading goals. This feature is designed to strengthen traders’ market positions.
Top Web Forex Brokers
AVATrade is one of the top forex, CFD and cryptocurrency brokers in the market. The Brand name AVATrade is owned and operated by AVA Trade EU Ltd a financial services company whose operations are regulated by the Central Bank of Ireland (No.C53877). The company has also obtained operating licenses in Australia, Japan and South Africa, among other markets.
The minimum deposit at AVA Trade has been set at $100, and traders can receive a leverage of up to 400:1. Alongside the web-based platform, AVATrade also offers trading via the MT4 platform and a proprietary trading platform.
Forex.com is a financial trading brand owned and operated by Gain Capital, a US-based financial services company that’s traded at the NYSE under the ticker symbol (NYSE:GCAP). The company was established in 1999 and it provides trading services for FX and commodities. Forex.com has obtained operating licenses in several markets across the world including regulations by ASIC (Australia), CFTC (US), FCA (UK), NFA (US), FSA (UK), IIROC (Canada), SFC (Hong Kong), CIMA (Cayman Islands), and MAS (Singapore), among others.
To start trading at Forex.com traders must make a minimum deposit of $50. Leverage is provided up to 50:1. Traders can trade via the broker’s proprietary trading platform as well as via the MT4 platform.
EToro is the world’s leading social trading platform. The trading is done entirely online via the broker’s proprietary platform. The company was launched to the world of forex trading in 2008 and has since revolutionized forex trading. It provides trading services via three interfaces, the Openbook marketplace, CopyTrader which facilitates mirror trading and the WebTrader platforms. EToro provides trading services for Forex, Cryptocurrencies, CFDs, stocks and Indices, as well as, commodities.
EToro is regulated by CySEC in Cyprus and the EU region, FCA in the UK, and by CFTC under the trading name Tradonomi LLC. The broker offers a welcome bonus of up to $1000, and the minimum deposit is set at $50. Leverage for the EU and UK traders is up to 400:1 while U.S. clients can access a leverage of up to 50:1.
Plus500 is CFDs trading platform owned and operated by Plus500 Ltd a financial services company based in Cyprus. The company was established in 2008 and has grown to become one of the leading providers of CFD trading. Traders can trade Contracts for Difference on Forex, ETFs, stocks, commodities, and indices from several markets across the world.
Plus500 uses a proprietary platform and provides a leverage of up to 300:1. The minimum deposit has been set at $100 and the broker has operating licenses from CySEC and UK’s FCA.
ETX Capital is a financial instrument trading brand owned and operated by Monecor (London) Ltd, a financial services company based in the UK, which is also a member of the London Stock Exchange. The company is registered and regulated by the Financial Conduct Authority under license No. 124721. ETX Capital was established in 1965 and has over the years grown to provide trading services for several instruments including shares, Forex, commodities, indices, Bonds, and even binary options.
The minimum deposit is $100 and traders can receive a bonus of up to 50% of the initial deposit not up to a maximum of $5000. The broker uses the MT4 and a proprietary trading platform. Its maximum leverage is set at 400:1.
Markets.com is a forex brokerage company owned and operated by Safecap Investments Ltd and subsidiary of Playtech Ltd, which is listed on the London Stock Exchange. Safecap Investments Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license No. 092/08 and authorized by the Financial Services Board (‘FSB’) in South Africa as a Financial Services Provider under license no. 43906. The company’s headquarters are located at 148 Strovolos Avenue, 2048 Strovolos, P.O.Box 28132, Nicosia, Cyprus.
Traders at Markets.com are required to make a minimum deposit of $100 to begin trading while leverage is provided up to 400:1. Trading can be done using the MT4 platform or the Sirix Webtrader platform among others.