Written by BrokerNotes.co
Protrader is a trading platform created by financial software developers, PFSOFT, who have been creating trading software solutions since 2003. The Protrader platform is an international, multi-asset, direct market access trading platform, which has been integrated with over 20 different liquidity providers.
Here are the best forex brokers supporting Protrader.
| Minimum Deposit | £250.00 |
| Tier-1 Licenses | 8 |
| Tradeable Symbols (Total) | 19537 |
Year after year, IG has shown itself to be the best broker in the forex industry and a fantastic choice for forex traders. Highly trusted and regulated across the globe, IG delivers a wide variety of rich features, market research, and powerful trading tools. IG also offers seamless integration of trading signals into its web platform. Read full review
| Apple iOS App | Yes |
| Android App | No |
| Proprietary Platform | Yes |
| Desktop Platform (Windows) | Yes |
| Web Platform | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| Minimum Deposit | $0 |
| Tier-1 Licenses | 9 |
| Tradeable Symbols (Total) | 8500 |
Interactive Brokers is a highly trusted broker regulated across the globe that delivers access to over 100 markets, including forex and CFDs. Its Trader Workstation (TWS) platform offers a variety of advanced trading tools for experienced traders, and IBKR's web-based platform is great for beginner forex traders. Read full review
| Apple iOS App | Yes |
| Android App | No |
| Proprietary Platform | Yes |
| Desktop Platform (Windows) | Yes |
| Web Platform | Yes |
| MetaTrader 4 (MT4) | No |
| MetaTrader 5 (MT5) | No |
| Minimum Deposit | $0 |
| Tier-1 Licenses | 7 |
| Tradeable Symbols (Total) | 70000 |
Saxo is a highly trusted broker that operates multiple banks and is regulated across the globe. Saxo delivers an incredible cross-platform experience alongside powerful research and a vast selection of more than 60,000 symbols across multiple asset classes. It’s worth noting that minimum deposits at Saxo are steep. Read full review
| Apple iOS App | Yes |
| Android App | No |
| Proprietary Platform | Yes |
| Desktop Platform (Windows) | Yes |
| Web Platform | Yes |
| MetaTrader 4 (MT4) | No |
| MetaTrader 5 (MT5) | No |
| Minimum Deposit | $0 |
| Tier-1 Licenses | 5 |
| Tradeable Symbols (Total) | 11925 |
CMC Markets is a highly trusted multi-asset broker regulated in multiple Tier-1 jurisdictions. CMC's powerful Next Generation trading platform for web and mobile delivers a huge selection of markets and a fantastic user experience. CMC Markets also ranks highly for its high-quality research and educational content. Read full review
| Apple iOS App | Yes |
| Android App | No |
| Proprietary Platform | Yes |
| Desktop Platform (Windows) | Yes |
| Web Platform | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| Minimum Deposit | $100 |
| Tier-1 Licenses | 7 |
| Tradeable Symbols (Total) | 5500 |
FOREX.com is a highly trusted brand with a long history of offering forex in the U.S. and across the globe. FOREX.com offers its own flagship trading platforms for web and desktop, as well as the full MetaTrader suite. Though its pricing is higher than average, FOREX.com is a balanced choice for traders of all experience levels. Read full review
| Apple iOS App | Yes |
| Android App | No |
| Proprietary Platform | Yes |
| Desktop Platform (Windows) | Yes |
| Web Platform | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| Minimum Deposit | $0 |
| Tier-1 Licenses | 5 |
| Tradeable Symbols (Total) | 40000 |
Charles Schwab is a leader in platform technology and trusted by millions of investors globally with trillions in assets under its brands. Available exclusively to U.S. residents, Charles Schwab's forex offering consists of just over 70 currency pairs, along with powerful research and trading tools. Read full review
| Apple iOS App | Yes |
| Android App | No |
| Proprietary Platform | Yes |
| Desktop Platform (Windows) | Yes |
| Web Platform | Yes |
| MetaTrader 4 (MT4) | No |
| MetaTrader 5 (MT5) | No |
| Minimum Deposit | £100.00 |
| Tier-1 Licenses | 7 |
| Tradeable Symbols (Total) | 13500 |
City Index, part of StoneX Group, is an award-winning, highly trusted broker with a long history of offering forex and CFDs across its global offices. City Index delivers a well-designed mobile trading app and a powerful web platform, as well as a large range of tradeable markets (though pricing is just average). Read full review
| Apple iOS App | Yes |
| Android App | No |
| Proprietary Platform | Yes |
| Desktop Platform (Windows) | Yes |
| Web Platform | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | No |
| Minimum Deposit | $0 |
| Tier-1 Licenses | 2 |
| Tradeable Symbols (Total) | 6200 |
XTB is a highly trusted brand with a proprietary platform (xStation 5) that delivers a rich selection of trading tools. XTB also offers CFDs for a wide range of asset classes, including multiple cryptocurrencies. Beginners will appreciate XTB's excellent educational content and the hundreds of lessons that are available via its Trading Academy. Read full review
| Apple iOS App | Yes |
| Android App | No |
| Proprietary Platform | Yes |
| Desktop Platform (Windows) | Yes |
| Web Platform | Yes |
| MetaTrader 4 (MT4) | No |
| MetaTrader 5 (MT5) | No |
| Minimum Deposit | $50-$10,000 |
| Tier-1 Licenses | 3 |
| Tradeable Symbols (Total) | 5461 |
Best known for its copy trading platform suite, eToro is a highly trusted broker offering a large selection of cryptocurrency products, CFDs, shares, forex pairs, and a wide range of powerful trading tools. It’s worth noting that eToro is not a discount broker (though it offers zero-dollar commissions for U.S. stocks). Read full review
| Apple iOS App | Yes |
| Android App | No |
| Proprietary Platform | Yes |
| Desktop Platform (Windows) | No |
| Web Platform | Yes |
| MetaTrader 4 (MT4) | No |
| MetaTrader 5 (MT5) | No |
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The Protrader platform comes in various versions. These versions are as follows:
Protrader is not just another trading platform. It is an all-encompassing trading application that combines the power of professional trading tools with a fully customisable user interface. It is a truly advanced professional trading platform that offers numerous tools for technical analysis.
Protrader gives the user access to various markets on a low-latency basis. With Protrader, the following functions can be performed:
Protrader also offers the following:
AlgoStudio is the platform module that Protrader offers its users for the programming and backtesting of algorithmic trading strategies. The AlgoStudio programming environment works with the C# programming language. Users can perform the following functions:
The platform can also generate real-time stats on the performance of a strategy.
Protrader also comes in mobile versions, built for tablets and smartphones that run on iOS and Android OS.
Traders can download these platforms from the app stores Google Play for Android and App Store for iPads and iPhones. With these mobile apps, users can trade from anywhere with an internet connection, on Forex, stocks, CFDs, and futures assets.
You can customise the Protrader interface to suit your personal preferences. Here is what you can customise.
You can trim your trading workspace and customise it for quick implementation of your strategy by the use of table filters.
Use the fully-customisable toolbar to create your own platform features.
Adjust the colours and appearance of the trading environment to make it as visually appealing as possible. Both light and dark colour schemes are available. Personalise colours, fonts, data displays and charts, then save your preferences.
Protrader - Change Preferences
Create and save the trading environment just as you like it. You can create as many workspaces as desired and click on each to switch from one workspace preference to another.
Various types of orders can be used in different market situations. The order types available on our platform are:
A market order is an instruction to the broker to buy or sell a specified asset immediately at the prevailing market price.
Limit order are used to buy or sell in the market at predefined price levels which will attract less future cost to the trader. We have buy limit and sell limit orders.
Stop orders are used commonly to protect against large losses by setting predefined exit positions. Stop losses are placed above market sell orders and below market buy orders.
A trailing stop order is a type of stop order which has a trigger price that follows the market price when it is advancing in the direction of the trade order and remains unchanged when prices start to retreat against the position. This order is used to lock in gains on a trade.
What are some of the tools that traders will find interesting on Protrader? Some of the important ones are described below.
Chart trading enables the trader to send orders with one click of the mouse button. Position your computer mouse on the price level you want to buy or sell at, then click to use any of the order buttons:
You can profit from quick market opportunities with the one-click function. This is done directly from the market depth area. By using special buttons with customisable pips increments, this process reduces the time it takes to set your order prices, enabling you to respond quicker to trading opportunities.
Protrader - Market Depth
Users can save certain order characteristics into a basket and call them up whenever they are needed. With basket trading, it is possible to:
There are several hit buttons to achieve easier management of orders. It is possible to:
Protrader - Order Management
Monitor and manage all open positions using the hot buttons from a single interface. It is possible to close positions, reverse positions, and cancel orders using the CLX button.
PTMC is based on the Protrader technology, but is an easy solution for brokers to integrate with their systems via APIs. Currently, regulated broker FXCM, offers this technology.
To recap, here are our top forex brokers for 2024, sorted by Overall ranking.
| Company | Overall Rating | Minimum Deposit | Average Spread EUR/USD - Standard | Trust Score | Tradeable Symbols (Total) | Read Review |
|
IG
|
9.9 | £250.00 | 0.98 | 99 | 19537 | IG Review |
|
Interactive Brokers
|
9.9 | $0 | 0.63 | 99 | 8500 | Interactive Brokers Review |
|
Saxo
|
9.7 | $0 | 1.1 | 99 | 70000 | Saxo Review |
|
CMC Markets
|
9.6 | $0 | 0.61 | 99 | 11925 | CMC Markets Review |
|
FOREX.com
|
9.4 | $100 | 1.4 | 99 | 5500 | FOREX.com Review |
|
Charles Schwab
|
9.3 | $0 | 1.25 | 99 | 40000 | Charles Schwab Review |
|
City Index
|
9.3 | £100.00 | 1.4 | 99 | 13500 | City Index Review |
|
XTB
|
9.1 | $0 | 1.00 | 96 | 6200 | XTB Group Review |
|
eToro
|
8.9 | $50-$10,000 | 1 | 93 | 5461 | eToro Review |
 Capital.com
|
8.7 | $20 | 0.67 | 87 | 3007 | Capital.com Review |
 Swissquote
|
8.7 | $1000 | N/A | 99 | 472 | Swissquote Review |
 AvaTrade
|
8.7 | $100 | 0.93 | 94 | 1260 | AvaTrade Review |
 OANDA
|
8.6 | $0 | 1.61 | 93 | 3928 | OANDA Review |
 Plus500
|
8.6 | €100 | 1.5 | 99 | 5500 | Plus500 Review |
 FXCM
|
8.6 | Starts from $50 | 0.78 | 95 | 440 | FXCM Review |
 Pepperstone
|
8.5 | $0 | 1.10 | 95 | 1726 | Pepperstone Review |
 XM Group
|
8.5 | $5 | 1.6 | 88 | 1394 | XM Group Review |
 Admirals
|
8.5 | $100 | 0.8 | 93 | 8702 | Admiral Markets Review |
 FP Markets
|
8.3 | $100 AUD | 1.1 | 87 | 10000 | FP Markets Review |
 Tickmill
|
8.2 | $100 | 0.51 | 86 | 725 | Tickmill Review |
 IC Markets
|
8.2 | $200 | 0.62 | 84 | 3583 | IC Markets Review |
 FxPro
|
8.1 | $100 | 1.51 | 90 | 2249 | FxPro Review |
 Markets.com
|
8.1 | $100 | 1.9 | 93 | 2179 | Markets.com Review |
 FinecoBank
|
8.0 | $0 | N/A | 94 | 9770 | Fineco Bank Review |
 BlackBull Markets
|
8.0 | $0 | 0.76 | 78 | 26000 | BlackBull Markets Review |
 Vantage
|
8.0 | $50 | 1.30 | 90 | 1000 | Vantage Review |
 ThinkMarkets
|
7.9 | $50 | 1.1 | 92 | 4000 | ThinkMarkets Review |
 HYCM (Henyep Capital Markets)
|
7.8 | $20 | 1.2 | 86 | 1199 | HYCM Review |
 HFM
|
7.8 | $0 | 1.2 | 86 | 500 | HFM Review |
 DooPrime
|
7.8 | $100 | N/A | 83 | 10000 | DooPrime Review |
 Questrade
|
7.8 | $250 | N/A | 86 | 641 | |
 ActivTrades
|
7.7 | 0 | 0.98 | 81 | 1267 | |
 Trading 212
|
7.7 | €10 | 1.9 | 79 | 8025 | Trading 212 Review |
 BDSwiss
|
7.7 | $10-$5000 | 1.6 | 76 | 1081 | BDSwiss Review |
 Trade Nation
|
7.7 | $0 | 0.6 | 85 | 1000 | Trade Nation Review |
 TMGM
|
7.6 | $100 | N/A | 83 | 12000 | TMGM Review |
 Eightcap
|
7.6 | $100 | 1.0 | 85 | 736 | Eightcap Review |
 Moneta Markets
|
7.5 | $50 | 1.38 | 72 | 1016 | Moneta Markets Review |
 Spreadex
|
7.5 | $0 | 0.81 | 71 | 10000 | Spreadex Review |
 MultiBank
|
7.5 | $50 | N/A | 84 | 1042 | MultiBank Review |
 Exness
|
7.4 | $10 | N/A | 81 | 227 | Exness Review |
 ACY Securities
|
7.4 | $50 | 1.2 | 75 | 2200 | ACY Securities Review |
 easyMarkets
|
7.3 | $50 | 0.8 | 80 | 230 | easyMarkets Review |
 RoboForex
|
7.3 | $100 | 1.3 | 73 | 8400 | Roboforex (RoboMarkets) Review |
 VT Markets
|
7.3 | $100 | 1.2 | 70 | 1000 | VT Markets Review |
 Octa
|
7.2 | $25 | 0.9 | 70 | 277 | OctaFX Review |
 IronFX
|
7.2 | $50 | 1.2 | 83 | 340 | IronFX Review |
 IFC Markets
|
7.2 | $1 | 1.44 | 67 | 630 | IFC Markets Review |
 Trade360
|
7.2 | $250 | N/A | 76 | 1062 | Trade360 Review |
 Axi
|
7.1 | $0 | N/A | 82 | 175 | Axitrader Review |
 TeleTrade
|
7.1 | $100 | N/A | 71 | 500 | Teletrade Review |
 iFOREX
|
7.0 | $100 | N/A | 75 | 750 | iFOREX Review |
 FXOpen
|
7 | $100 | N/A | 76 | 87 | FXOpen Review |
 FXPrimus
|
7.0 | $100 | N/A | 71 | 140 | FXPrimus Review |
 Xtrade
|
6.9 | $250 | N/A | 74 | 482 | Xtrade Review |
 Forex4you
|
6.8 | $0 | N/A | 61 | 150 | Forex4you Review |
 GBE brokers
|
6.8 | $500 | N/A | 71 | 500 | GBE Brokers Review |
 Alpari
|
6.8 | $20 | N/A | 68 | 105 | Alpari Review |
 TopFX
|
6.7 | Depends on payment method | 1.03 | 67 | 655 | TopFX Review |
 Libertex (Forex Club)
|
6.7 | $10 | N/A | 73 | 300 | Libertex Review |
 LegacyFX
|
6.7 | $500 | N/A | 67 | 425 | LegacyFX Review |
 FXGT.com
|
6.6 | $5 | N/A | 69 | 117 | FXGT Review |
 ATFX
|
6.5 | $500 | N/A | 85 | 150 | ATFX Review |
At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.
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Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.
BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.