Forex charting and trading platform XTick for Mac OS X.
Data feeds.
Forex FXCM (60 forex currencies)
Interbank Forex (350 forex currencies)
CFD for US Stocks (about 50 tickers)
CFD for world indices.
XTick for OS X is a professional forex charting and trading software. One of the best technical analysis and trading software designed as for professionals and novice forex traders too. XTick is a native Mac OS X application. You can use it for charting only (it doesn't mean which broker you have, charts are broker's independent) or for trading too, now it supports trading via FXCM in forex and MOEX for stocks/futures/options. Powerful charting system has about 60 integrated technical indicators, different pointer tools like trendlines, channels, Fibonacci corrections and retracements. Also you can use alerts of different types. The versions 2.0.8 or above also include XPaint Strategy designer. Now it's easy to create new trading strategy without programming and apply it to nay chart.
Forex Charts.
Available charts are: bars, bars without open prices, lines, japanese candlesticks, dots. Any chart can display volume profile for current trading day. Any intraday timeframes (from 1 to 1439 minutes) and also daily, weekly, monthly, quarterly, semi-annual and annual charts are available. The visual appearance of the charts can be changed as you need in the simplest way. You can save the chart as template and then use templates to create the new same charts. Also charts can be placed to any monitor in multi-monitors computers. You can use about 60 technical indicators to make technical analysis. Also you can use 6 useful pointer tools, like trendlines, channels, fibonacci. Pointer tools are attached automatically to the nearest local extremum of chart. To fast trading you can place new trade order from chart directly. Also you active orders and executed trades can be displayed on charts too.
Advanced OpenGL graphics with Retina support.
XTick for Mac has a Retina support and uses modern video adapters possibilities to draw charts. It can draw technical indicators with gradients, fill charts areas and use smoothing to draw. Also it reduces any trading delays, power consumption and increase the system performance. To make technical analysis you can use about 60 technical indicators and pointer tools. You can apply indicators to data and to another indicators values too. Didn't find any indicator for you? Send to us and we will add it soon.
XPaint custom trading strategies.
Now you can simply mark and paint charts and create custom trading strategies with XPaint strategies constructor and you not need to know any programming language! Simply select indicators and assign links and conditions between them.
Hi-speed DOM (Depth of Markets) [Uses in MOEX data only: stocks, futures, options]
DOM windows display bids and offers in realtime. It's main trading window to make trades for stocks/futures and options markets. DOM can be used to place or cancel new orders.
Trade desks.
In forex you can use different trade desks and quotes boards to see current quotes and make trades and place new orders. You can open several currencies in trade desks and make trades in one click. You not need to switch between windows to get another ticker, all tickers are placed together.
Quotes Boards.
Also you can place several tickers into the same Quotes board window. It shows high, low, open and close prices with volume and changes.
Quotes spreadsheets.
Quotes spreadsheets display current prices, bid and offers, volumes, changes. You can place any forex tickers inside and you can open as many windows as you need.
Time & Sales.
Time & Sales window displays last price and volume. Also it display all quotes for this currencies. If you need you can filter quptes by volume. And you can trade in this window in one click.
Orders, trades, positions.
There are different windows to display you orders, trades and current positions. Also you can see detail informations for your trading accounts.
Workspaces.
All windows (charts, quotes, DOM and other) can be placed into one or more workspaces. You can switch to another workspace in one click to make your trading more effective and fast.
You can setup simple alerts for prices and more complex alerts for indicators value. The new type of alerts are XPaint strategies alerts, you can use several indicators at the same time to generate the signal.
Best performance, low power consumption.
All components of the platform are optimized for high speed action, any delays are minimized. Also it uses OpenGL graphics to display technical indicators with gradients, fill regions and use Retina display. System optimized for multi-core computers.
Forex Trading Software Reviews.
Which is the best forex trading software in the market? With hundreds of forex brokers offering their services online, choosing the right broker is a task that is no less difficult than creating a successful strategy sometimes. On this page we provide our recommendation , both our and user reviews and also a description of features you should look for in different softwares. The average trader is unlikely to have enough time to check all of the various features of the forex platform packages offered by the brokers and even if he had time, it is not possible to fully evaluate and appreciate the complex features of a good trading platform with a cursory examination. We would like to expedite this process for you by providing these forex trading software reviews from the market's most legitimate and reputable brokers.
Regulated by CySEC & FSB Over 400k Registered Accounts More than 250 Trading Instruments MT4, MT5 and Web Trader Platforms Full ECN Trading Model.
CySEC, FCA MetaTrader4 , MetaTrader5, cTrader, FxPro SuperTrader.
Minimum Deposit $200 Social Trading Platform.
FCA Regulated Multi Asset Trading Platform No Time Frame For Demo Accounts.
Minimum Deposit $100 Leverage 400:1; Dedicated Account Manager;
Authorized and Regulated by FCA, ASIC, FSB, CySEC STP/ECN services ensure no slippage or re-quotes – scalping allowed; ECN Real Raw Spreads, 0.2 EUR/USD 1 Million GBP Insurance by Lloyds of London.
Minimum Deposit $5 Up to 1:500 leverage with micro-lots (0.01 size) available for everyone Scalping, hedging, trading on the news, and EAs are permitted at OctaFX.
CySEC & ASIC regulated Clients can trade currencies, metals, energy and agricultural commodities, Indices and Options 50% FTD Bonus! (non EU Traders only)
CySEC, FSB MetaTrader4 platform Proprietary debit card for quick withdrawal applications!
No Minimum Deposit FCA & ASIC Authorized and Regulated; Founded in 1996 with HQ in Toronto, CA;
CySEC, FCA MetaTrader4 platform $30 + Deposit Bonus up to $5,000 (t&c apply)
FCA, BaFin, CMB & KNF.
No Minimum Deposit Founded in 1996 and headquartered in London; Daily s with market commentary and analysis get you started for each trading day;
FSB MetaTrader4 & Sirix platforms.
Minimum Deposit $100 Leverage Up to 500:1 Accounts may be individual, joint, or corporate, with options for traditional or ECN type pricing;
ASIC Regulated PAMM Accounts Available Phone and Live Chart Support.
CySEC Regulated Covers more than 50 currency pairs.
Regulated by CySEC, BaFin, FCA, ACP and MiFID BONUS : $4 cashback per lot traded till the end of the year.
Regulated by ASIC & FCA. Minimum deposit is $250; Asset choices include forex pairs (35) and CFDs (10 indices, 2 metals, 2 oil, and the VIX and USD Index);
FCA, ASIC & CySEC FXGiants has a proprietary interface to make its account funding process easier, fast and secure.
FCA City Index is well established and a trusted forex broker.
Order slippage on stop losses is generally minimal;
Well Established Over 700 Employees.
Regulated by CySEC Trading Academy includes extensive support for all levels of traders, from basic training videos to discussions on advanced trading strategies;
MFSA regulated Minimum deposit $100 No extra commissions.
Regulated by CySEC; Minimum deposit is $100; 367+ asset choices ;
Regulated by CySEC “No Dealing Desk Execution, no slippage, no delays” “Trading support and account management for traders of varying experience levels”
CySEC regulated; Tight spreads as low as 0.2 pips; Good beginner support;
Forex pairs and CFD trading; Tight spreads as low as 1.2 pips; Over 130 assets: Forex pairs (83), Indices (23); Commodities (18); and Treasuries (7);
FCA regulated CopyMaster social trading platform.
Regulatory compliance is under the auspices of the FCA in the UK, the SFC in Hong Kong, the DFSA in Dubai, and by way of the MiFID for the European Union. Up to $5,000 Welcome Bonus (T&C apply)
ASIC regulated Minimum deposit $100 Withdrawal requests approved within 24 hours.
*Broker offers variable spreads which are subject to fluctuating market conditions. Spreads tend to be tight during times of deep liquidity but can also widen significantly during times of low liquidity.
Read our reviews of more forex brokers that did not make our top list above:
Want to be featured on this broker list? Send an to brokers[]forexfraud.
*Broker offers variable spreads which are subject to fluctuating market conditions. Spreads tend to be tight during times of deep liquidity but can also widen significantly during times of low liquidity.
Finding the Best Forex Trading Software - FAQ.
Forex trading software intended for the personal forex trader comprises a rapidly-growing segment of the forex industry. A number of different types of forex trading software have found their way into widespread usage among personal forex traders.
Common forex trading software types include:
Trading Platforms - allow for the manual management and execution of forex trades.
Technical Analysis Software - provides charts of historical exchange rates and technical indicators.
Trading Signal Generators - provide recommended levels at which forex traders can initiate and close out positions; and.
Automated Forex Trading Software or Forex Robots - execute trades automatically based on a pre-programmed trading algorithm.
How do you go about finding the best forex trading software? Well, perhaps the best idea would be to download a few representative programs and try them out within their return period to see what works best for your needs. If the software does not suit your purposes well, then submit a refund request. Another way to do some advance research on forex trading software would involve reading online product reviews and discussion forum postings from users of the software.
To assist you further in the process of finding the best forex trading software, the FAQ terms defined below provide a useful list of items that you can take into consideration when shopping for forex trading software online.
Forex Trading Platforms.
In general, forex trading platforms offer their users the ability to manually enter and execute forex trades with an online forex broker. They generally require a reliable Internet connection to operate efficiently, and if they require a software download, they usually run on Windows-based computers.
More advanced trading platform features might include: the ability to manage multiple trading accounts, charting functionality, and algorithmic trading support with back-testing capabilities.
Forex Charting Software (Technical analysis software)
Forex charting software can encompass a variety of computer programs that facilitate the review of foreign exchange rates using technical analysis methods. The more basic programs of this type will usually allow you to plot the progress of exchange rates over time for several time periods, to overlay some of the more popular technical indicators like RSIs and Moving Averages, and to draw trend lines.
More sophisticated charting software generally offers some support for traders using Elliot Wave Theory to analyze exchange rate movements that would include calculating Fibonacci retracement and projection levels. Additional advanced forex charting software features might include: more advanced line-drawing options that include channels and Gann lines, computing and displaying Pivot Points, as well as providing a wider range of increasingly-complex technical indicators.
An even higher level of charting software often includes some form of pattern-matching algorithm that identifies forming chart patterns, along with their trigger points and measured move objectives. Other software based on Elliott Wave Theory might count wave progressions.
Forex Signal Generating Software.
Forex signal generating software or forex signal generators generally do not trade automatically for a user. Instead, they provide levels at which a trader can enter the market and usually have a means by which to alert the trader to such opportunities.
Such signal generators also usually provide suggested stop-loss and take-profit levels so that the trader can appropriately try to manage any losses or gains on any positions they take based on the signals generated by the software. Please note that there is no guarantee that a stop order is filled at the stop price and the same caution applies to these products as the robots.
Automated or Algorithmic Trading Software.
Automated trading software operates according to a pre-defined trade plan or algorithm without the need for manual intervention. They also sometimes go by the name of Expert Advisors or EAs and often run as such on the popular MetaTrader4 trading platform. The so-called forex trading robots available on the commercial forex market generally fall into this category, as do personalized trade plans that traders program or have programmed themselves.
Often, this automation helps traders by taking the emotional and discretionary component out of trading a particular system, and once set up, they can also help a trader save considerable time. Furthermore, these systems can sometimes offer assistance to beginning traders who wish to learn how to trade like experts.
Forex Trading Robots.
Forex trading robots make up one of the main types of automated trading software currently available to personal forex traders. Most of them install quickly and run as Expert Advisors on the popular MetaTrader 4 trading platform. Many of these robots are scams and even if they are not, they don't live up to the promises they make in the sales pitch. In general, stay away from this type of forex products, but if you do consider using one, be very careful and do not trust the historical performance.
Other things to watch out for with forex trading robots is that their vendors often provide profitability numbers based on back-tested trading results over periods for which the robots are optimized to perform well. This means that future trading results might differ substantially, and usually do.
It therefore pays to test such robots in a demo account before setting them trading on live funds. Also, seek out unbiased Internet reviews and check online discussion forums for user comments about any forex trading robot software you might be considering buying.
Furthermore, since most of these forex software products sell via Clickbank, you will usually have 60 days to return them for your money back if you are dissatisfied with their performance. Be sure to have done your testing by then in case you need to take advantage of this offer.
In other words, be really careful and do your research - most of these products are not what they say they are!
Different features to look out for in these softwares.
Purchase and Refund Policy.
Most forex trading software available for sale and download online comes with a satisfaction guarantee. While terms of such guarantees do vary and should be checked before purchase, this usually means that you just need to contact the vendor or sales agent to request a refund if dissatisfied for any reason.
Many forex trading software products sell online via Clickbank which generally offers a standardized 60-day money-back guarantee for software sold via its secure online interface. Nevertheless, requesting too many refunds can get you into trouble with them, so keep that in mind when shopping.
Just about all forex trading software intended for use by personal forex traders will provide a download option. Sometimes you can purchase CDs containing the software or have it sent via an e-mail attachment, but most often a download link will be provided once you pay for or give the required information necessary for the forex trading software provider to permit you to download the software.
Clicking on this link will usually start the transfer of a working version of the software from the Internet down to your personal computer. This download process can take anywhere from a few seconds up to an hour, depending on the size of the program and the speed of your Internet connection. You will also want to scan any downloaded software for viruses using your anti-virus software, and you may need to activate it in some way. Just follow the provided directions, and contact customer support if problems arise.
Also, most forex trading software is written to run on personal computers running a relatively recent version of Windows. You will want to keep that in mind when looking around for forex trading software in case you do not have a compatible operating system or emulator available on your computer.
If you do not have the ability to run Windows-based software, then be sure to check with the software product vendor to make sure your operating system is supported and how.
Software Updates.
Many of the higher-end forex trading software products will provide free updates to the software for life or for a specified time. These updates can be important because they might correct existing problems or provide new and useful functionality.
Having software updates included in the cost of software can therefore be a valuable feature. Most software updates are either installed automatically by the software or require a new version of the software to be downloaded from the Internet and manually installed on your computer.
Online or Web-Based Platforms.
Online or web-based trading platforms remove the download time factor and possible installation frustration out of running forex trading software. To use most online platforms, you just need to log in using a username and a password you have chosen to maintain your information's privacy.
The main advantage of this type of trading platform is that you can generally use it anywhere you can get access to an Internet connection and compatible Web browser. They also permits use by operating systems other than Windows, which can really help Apple Mac OS and Linux users get started trading forex.
Client-Side Platforms.
In general, client-side platforms consist of those forex trading platform products which require that the software be downloaded onto the trader's personal computer or onto a remote server that the trader then pays a fee to use space on and access. This term is often used to contrast such downloaded platform installations with web-based forex trading platforms.
Data Security.
When you need to access or provide personal and private information over the Internet, such as credit card numbers, bank account data and trading account information, the security of your data from unwanted prying eyes who might misuse it becomes paramount. In addition, if you store key data online, you will want that information to be is backed up regularly by the host.
Make sure that your forex trading software, especially if web-based, and your forex broker use appropriate data security measures to protect your data. These might include operating duplicate data farms and using SSL-encryption technology to protect any personal data entered into online forms.
Real Time Exchange Rates.
The best forex trading software displays colse to real-time exchange rates that change along with the market as it ticks up and down over time. Naturally, the best type of real time exchange rate is one you can deal on. This way, when you go to enter a trade or an order using your forex trading platform software, you do not get surprised about where the market really is trading.
Remote Servers.
Remote servers provide a useful service for those running downloaded or client-side forex trading platforms. This is especially the case when they require around-the-clock market-monitoring and execution capabilities, which can be essential for running an automated forex robot or trading algorithm profitably.
Most remote servers charge a fee for both hosting the forex trading software in its storage space and for allowing the software to use its always-on Internet connection to execute trades through. Such services usually offer a very high degree of reliability in terms of providing 24/7 Internet access to software installed on their servers.
Trading Interface.
The trading interface is what the user of the forex trading software interacts with in order to execute forex trades. Such an interface needs to be both ergonomic and generally acceptable for your purposes. Most trading interfaces can be customized, but to what extent generally depends on the software. Adjusting window placement and display colors are common trading interface changes that most platforms permit.
Technical Indicators.
Many forex trading platforms provide a built-in charting capability with the most common technical indicators. One or more of these indicators are used by technical analysts when determining how to trade the forex market, and also in generating objective trading signals. If you need to use a particular technical indicator for your trading strategy, make sure that any platform under consideration includes this indicator.
Customer Service and Support.
Once you purchase or decided to use a particular forex trading software package, you will want to make sure that it provides a suitable level of customer service and support just in case problems arise in its use. This becomes especially important for beginners who do not know how to use computers well or how to trade forex, or both.
Naturally, if a software package is provided free of charge, you might reasonably expect that less customer support will be offered. Also, you will probably want a greater degree of support to be available for essential software like your trading platform.
User Manuals.
Most forex trading software packages come with an explanatory Users' Manual often in the form of a separate PDF document or incorporated into a help function within the software itself. This manual should provide you with all the information you need to get started using the software, as well as how to use all of its more advanced features. The manual should also provide troubleshooting information, as well as who to contact in case additional support is required.
Instructional Videos.
Forex trading software packages increasingly come with helpful instructional videos that can be downloaded or played using your Internet browser. These videos usually contain screen shots of the software being used along with any audio or text necessary to describe how the software should be used and for what purposes.
News Feeds.
Forex trading platforms often provide access to high-quality news feeds from professional forex market information sources that might include Reuters, Associated Press, Bloomberg or Telerate. Check to see that the news your trading platform provides is suitable for your needs, especially if you have a strong interest in trading based on fundamental factors.
Now we want you to contribute with your experiences from forex softwares, give us your reviews or ask us to review a software that you miss in the above list. Give your comment below!
Best Forex Trading Platform For Mac.
If you want to get into Forex trading on your Mac or just want to be a better trader, we’ve taken a closer look at the best Forex trading platform for Mac in 2017. When it comes to the cut and thrust of Forex trading and the FX market, you need a Forex focused platform and technical analysis software to trade successfully. Although the market for Mac Forex software is still quite limited, there are some Forex trading platforms out there which have Mac clients or that work really well on OS X and macOS ranging from the professional but accessible AvaTrade, the incredibly easy to use “social trading” platform eToro to the professional NinjaTrader platform. After reading this, we also recommend reading our guide to the best stock trading software for Mac which covers multi-asset trading platforms, some of which also support FX trading on Mac. Note that these Forex trading platforms are suitable for all recent versions of OS X including El Capitan, Sierra and High Sierra.
Forex Platforms For Mac Overview.
The Forex (Foreign Exchange Market) is the most popular and liquid trading asset in the world with an estimated global trading volume of around $5.3 trillion daily. Unlike stock market trading, there is no central exchange so you can trade on it 24 hours a day which makes it ideal for traders at home. There are significant gains to be made from currency volatility but the demands of the fast-moving FX market mean you really need software that specializes in Forex trading to make intelligent trades.
The best Forex trading platform for beginners on Mac will differ from those with more experience in the Forex business. If you’re a beginner, many Forex trading platforms such as MetaTrader and cTrader will appear intimidating and overwhelm you with charts, data and technical analysis tools that won’t help you if you’re starting out. Don’t think that just because a Forex trading software is packed with hundreds of different charts and features, it’s necessarily the best Forex software for Mac. It can soon become counter productive to your trading efforts when you have several charts, indicators and analysis tools open at once. Especially if you’re new to trading, don’t be afraid to keep it simple.
Most Forex platforms assume a certain level of familiarity with trading but there are some that are designed with beginners in mind. In these reviews, we’ve covered a range of trading platforms for all abilities and indicated which are the best Forex trading platforms for beginners on Mac.
Before making your decision however, it’s useful to understand the difference between Forex Platforms for Mac and Forex Software for Mac.
There’s an important difference between Forex Platforms on Mac and Forex Software For Mac although in the world of Forex trading, this can be very blurred. In a nutshell, you need to sign-up with a Forex Platform i. e. a Forex broker in order to buy and sell currencies. All major Forex brokers such as eToro, NinjaTrader and FXCM Trade Station also offer their own Forex trading platform. However, they aren’t always the best Forex trading software choice for Mac users since they often either don’t look good on OS X or don’t offer very advanced technical analysis tools for analyzing Forex stocks.
In some cases however, you can download a specific Forex trading software for Mac that’s integrated with a major broker. Forex software includes services such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5) which do not actually allow you to trade on markets – they merely allow you to perform technical analysis of Forex markets. The good thing is that the best Forex trading software for Mac like MetaTrader allow you to integrate your broker account so you don’t have to constantly switch between your Forex broker and Forex trading software. Note however that MetaTrader isn’t available for Mac although there are ways to run MetaTrader on Mac (more on that later).
So for example the FXCM Trade Station looks great on Mac but its own trading platform isn’t very advanced. However, it can also integrate the powerful NinjaTrader or MetaTrader trading software within it if you choose instead so you get the best of both worlds – the Forex technical analysis power of NinjaTrader or MetaTrader and the Mac OS X style interface of FXCM Trade Station.
There are far more Forex brokers than there is Forex software so it usually makes sense to choose a broker you like first and then see whether it supports third-party Forex software for Mac. However, you could also choose to do this the other way round if a Mac client or desktop software is more important to you than the broker you trade with.
Choosing a good Forex broker however isn’t always straightforward though. There are literally hundreds of Forex platforms out there but there a few things you should always bear in mind to ensure you pick a good one.
One thing you should always check is how the Forex platform you’ve chosen executes Forex trades. Believe it or not, some brokers don’t actually execute Forex trades immediately the moment you buy or sell. Rather, once you’ve made your trade, it is sent to an Execution Desk or Dealing Desk (DD) for processing. This creates delays and therefore potential losses in the time between trade and execution which in the fast-moving world of currencies, can be significant. Fortunately, most brokers now offer instant trade execution but it’s always worth making sure before signing-up as there’s nothing worse than finding out your trades aren’t in real-time.
One of the good things about Forex is that most brokers don’t charge commission on trades like they do with stock market trading. Most Forex brokers make money by capturing part of the spread i. e. the difference between what you can buy and sell currency on each trade although some brokers have specific revenue models that differ from this. The attractive thing about Forex trading and the international currency market is that you can buy and sell with far more than you have in your account. This is called your Margin or Leverage and differs from broker to broker. So for example, with just a small deposit of $100 and a broker offering leverage of 1:100, you can make currency transactions up to $10,000 even if you don’t have that much in your account. However, it’s very important to be aware that the reverse is also true – your losses can also be equal to any potential gains and brokers require a deposit to cover any potential losses based on their leverage rate. Many Forex brokers offer a rate of leverage or margin which is typically 1:50 although it can be much more than this depending on the broker.
All the best Forex platforms for Mac offer free demo accounts, usually with several thousand dollars worth of pretend currency. This is a great way to get familiar with Forex trading in general if you’re new to it. However, it’s very easy to get a false sense of security with demo Forex accounts and there’s a few things to be aware of when using them.
Demo accounts operate in a simulated market environment and therefore don’t always reflect real-time market liquidity. Although they are based on current market conditions, in some demo accounts, there may be a delay between live and simulated pricing. In a real world trading environment, you may sometimes experience rejected orders and slippage with Forex trades. This usually doesn’t happen with demo accounts so be prepared for such things if you open a live account. The margin requirements may not be the same in demo accounts as they are in live accounts as brokers often update live margins but demo accounts may not always coincide with those of real accounts. Don’t underestimate the psychological difference between trading pretend currency and real currency. The pressure when trading large volumes of hard cash can be significant and a simulated environment can’t replicate this. Some products or features may not be available on demo accounts so you may not be getting the full platform experience.
Finally, a few other things to consider when choosing a Forex platform on Mac are:
Customer Support: Does the broker respond quickly to questions, problems or issues with the trading platform? Does the broker offer a toll-free number in case of major issues or problems? Profit Withdrawal Speed: How long does it take to withdraw trade profits. This is usually a few business days but all brokers have their own policy on withdrawals. PAMM Services: PAMM (Percentage Allocation Money Management) is when traders pool money together to trade. You’re basically taking advantage of more experienced brokers to trade money for you. Not all Forex platforms offer this feature but eToro is the most notable as the entire service is based around PAMM. Avoid Java: The same applies for Forex software on Mac as for other types of stock trading programs on Mac – avoid any Forex trading platforms or software that use Java. Fortunately, there are very few in Forex trading that do although there are a few more when it comes to stock market trading on Mac. There are many reasons for avoiding Java on Mac, not least that it suffers from continual security issues and is impossible to completely uninstall Java from Mac once installed. It’s also slow, unresponsive and generally just a pain to use on OS X. Apple is increasingly distancing OS X from the Java platform due to the various problems that come with it and our advice is stay way. Trade With Caution: Finally, it should go without saying that you should trade with caution. Forex trading in particular is high risk due to leveraged trading which allows you to risk far more than you actually trade with. The most important rule in trading is you must only trade using your risk capital . Chasing losses or risking other capital is extremely risky and can end in financial ruin if left unchecked. Fortunately, all Forex brokers allow you to set a minimum margin requirement so that a margin closeout will occur if the market turns suddenly. For more on the risks of Forex Trading and some sound advice, check Oanda’s guide to Risks in Forex Trading.
Best Forex Trading Platform For Mac.
First we start with our selection of the best Forex trading platforms for Mac, then we look at the best Forex trading software for Mac for technical analysis. You can find out more information, download or sign-up for a demo account in most cases by clicking on the names. Note that because of the general lack of dedicated Forex software for Mac, you’ll find that the best currency trading platforms for Mac are usually web-based but as you’ll see in the section on the best Forex software for Mac afterwards, there are Forex apps for Mac that integrate with many of these online brokers.
AvaTrade (Free Demo – Up To $10,000 Welcome Bonus)
AvaTrade specializes in Forex and has got it down to a tee. It’s easily the most well balanced Forex trading for Mac users in terms of ease of use for beginners and professional tools and analysis for seasoned Forex and CFD traders. AvaTrade feels slick and professional but never intimidating or overwhelming when it comes to Forex.
It’s also one of the best when it comes to cryptocurrencies with Bitcoin and Ethereum trading included but also up and coming cryptos such as Litecoin and Dash. For Mac users, AvaTrade is also integrated with the web version of MT4 which looks great on Mac in any browser and is also available as an iOS app.
You need a minimum deposit of $100 to sign-up for AvaTrade but you should try a free AvaTrade demo account first to judge for yourself. You can also watch an introduction to Forex trading on Mac with AvaTrade below:
eToro is one of the biggest stock trading platforms out there with an estimated 5 million users and covers just about every major trading asset including Forex. What makes eToro different to most Forex trading platforms is that it focuses on connecting traders in order to harness collective experiences and knowledge in stock trading. eToro could be described as a “social network stock trading tool” which aims to pool the experience of traders so that everyone wins. If you imagine what would happen if you mixed Facebook with a stock trading platform, then you get a good idea of what eToro is like.
The main way it does this is through the eToro OpenBook application which employs a “CopyTrader” system that copies the trades of expert traders. This is not only potentially very profitable for you, but also an excellent way for beginners to learn the ropes of Forex trading. You can even copy the entire portfolio of the most successful traders, or just their Forex portfolio if they have one. Note that you can only use a maximum of 40% of your capital on copy trades but you can set limits on when to stop copying if losses exceed a certain amount.
Be very careful when selecting a trader to copy however as some may appear more successful than they actually are or are using very little capital in the hope that others will copy them and they’ll earn commission off it. Many of the traders on eToro appear to be quite high risk traders which carries with it high potential returns but obvious risks too. Also look for “verified traders” as those traders use their real identities ad verified by eToro and therefore you reduce the risk of following “fake” profiles.
If you’re a successful Forex trader, you can even earn commission on traders that copy you through the Popular Investor Program. Apart from Forex, you can also trade Indices and Commodities (CFDs) using eToro and traders on eToro tend to be focused on one particular asset. Since most Forex platforms for Mac are based in the US, eToro may also be a more appealing option for European users too as it is based in Cyprus and is regulated under European law with all funds kept in European banks.
eToro is certainly one of the best Forex trading software for beginners on Mac and the social trading element is ideal for trading novices. eToro is also very fast being completely based on HTML5 with no laggy Flash or Java to slow it down. Trading fees for eToro vary on a daily basis and you can check the latest Spreads and Fees here although in general, you may get better spread rates from other brokers as eToro is generally on the top side of spread rates. You can open an account with as little as $50 although this can vary from region to region.
For a more detailed look at eToro, we recommend reading our full eToro review. You can also watch an overview of eToro’s CopyTrader system below:
NinjaTrader.
NinjaTrader used to be one of the most popular Forex platforms out there due to its algorithmic trading and ease of use but increased competition and monthly subscription model have seen it fall behind somewhat. NinjaTrader is now less user-friendly than many Forex trading platforms and also does not support trading of binary options. Although you can use the platform for free with a Direct Education license, you need to pay a subscription to trade with it. It does however offer very powerful algorithmic trading and charting and accounts starting at $55 per month. If you don’t like to use NinjaTrader’s own broker services, you can integrate it with other brokers too. Although you pay a subscription to use NinjaTrader’s own broker services promises no hidden, unspecified markups to spreads and no delayed Dealing Desk Executions.
NinjaTrader is definitely the most customizable Forex trading platforms for Mac with thousands of different third-party apps and add ons although note that most of these cost extra. NinjaTrader also has some useful straight talking information on how Forex trading works for beginners.
FXCM Trading Station.
FXCM Trading Station is a user-friendly but powerful dedicated Forex trading platform that offers lower commissions the more you trade. FXCM Trading Station also guarantees do Dealing Desks – all trades are executed instantly. FXCM Trading Station also offers a handy Smart Margin Watcher which monitors your positions and alerts you if your account equity drops below a certain limit or if the market moves against you. You can open a basic FXCM account with just $50 and you can also open a practice account first to get familiar with it.
FXCM Trading Station also offers it’s own emulated version of MetaTrader and NinjaTrader both with $50,000 practice accounts and there’s also a native FXCM app for iPhone and iPad. In the absence of a native MetaTrader client for Mac, FXCM is therefore a great way to effectively get MetaTrader for Mac.
FXCM Trading Station is straight talking, with clear and easy to understand advice on Forex trading. If you’re looking for something powerful but user-friendly, FXCM Trading Station is a great choice.
Sirix is a fast, web-based HTML5 optimized trading platform that’s for Forex and CFD brokers. Sirix isn’t one of the most popular trading platforms out there but it looks great on Mac and features a simplified eToro style community driven model of Forex trading. You can copy trades of the most successful traders and receive alerts when they open a new position. Although the Forex trading community is smaller on Sirix than eToro, the actual interface looks great on OS X and is cleaner and less complicated than other community driven trading platforms. Although there are no apps for Sirix yet, it plans to introduce them soon.
MahiFX is one of the few Oceania based trading platforms which supports Forex trading. MahiFX is based in New Zealand and provides a trading platform to Forex traders based mainly in New Zealand and Australia. However, users from other countries can sign-up and use it but must ensure that all trading follows the rules and regulation of their residence. What’s interesting for Mac users is that MahiFX probably has the most OS X style interface of any Forex trading platform out there. MahiFX is entirely web-based but the interface is one of the slickest we’ve seen. It also offers a few other enticing features such as no minimum deposit, no commissions and generous leverage of 100:1. You can open a practice account with MahiFX to judge for yourself.
Trading 212.
Trading 212 is another very slick UK-based trading platform that looks great on Mac and is very user-friendly. If you’re just starting out in Forex trading, Trading 212 provides a clear and a non-intimidating Forex platform on your Mac desktop. Trading 212 also has a native iOS app for iPhone and iPad that allows you to trade on the move without needing a browser. Trading 212 is accessible for newbies to Forex trading with some useful video tutorials which show you how to take advantage of the latest Forex trading news and how to get the best out of Trading 212. If you’re looking for an accessible, professional looking, non-community driven Forex trading platform then Trading 212 is an excellent starting point.
You can also see Trading 212 in action below:
Oanda FX Trading.
Oanda (formerly known as Currensee) is an award-winning currency trading platform with no minimum trade size and no minimum deposit. You can trade on over 100 different instruments including currency pairs (Forex), indices, commodities, bonds and metals. Oanda is also one of the few Forex trading platforms to offer a Mac desktop app, although all it effectively does is retrieve the web version without using the browser.
One of the ways Oanda sells itself on its pricing transparency meaning there are no added commissions on your trades and unlike many Forex trading platforms, no minimum trading amounts. There are some useful tools in Oanda such as the Currency Strength Heatmap and Historical Forex Position Ratios. Oanda doesn’t offer much in the way of advice when it comes to Forex trading but it does have a some very good free Forex training tutorials via the Oanda Academy.
Oanda puts a strong emphasis on being transparent with customers and adhering to regulations specific to each global area. We recommend trying a few paper trades first via an Oanda demo account to get a feel for it.
Forex on the Go.
Forex on the Go also offers a Forex app for Mac, although it only delivers an adapted version of MetaTrader to your Mac. Forex on the Go looks uncluttered on OS X although that’s party because the number of tools available is quite limited. There’s no customized data when you open the app as you don’t even need to sign-up to use it – you can start viewing market data immediately. However if you want to trade using MetaTrader (MT4), you need to sign up for a Forex on the Go account. There’s also an iPad app and even extensions for Chrome and Safari although you don’t need these if you use the Mac app.
MetaTrader 4 (MT4)
No review of Forex trading software on Mac would be complete without looking at MetaTrader 4, more commonly known as MT4 and the most recent version being MT5. MetaTrader is not a trading broker, it’s a technical analysis software that’s incredibly popular with Forex traders. However, although MT4 is probably the most popular trading software for Windows and PC users, there’s no version for Mac, it can be adapted for use on macOS. There are various ways of running MT4 and MT5 on Mac and we recommend you read our guide on how to run MetaTrader on Mac before doing so. Then most common method is to use Wine emulation software but we don’t recommend this because it can be tricky to setup and it doesn’t offer the full functionality of MetaTrader anyway. All of the things that make it so popular on Windows, such as the native client, stability and access to extra features via the Market, simply don’t apply if you use Wine or another type of emulator on Mac. You’re far better to install Windows on your Mac using Parallels so that you can enjoy the fully featured Windows version on your Mac.
It’s well worth it as MetaTrader is a very powerful Forex trading platform featuring tools such as instant execution from charts, stop orders and trailing stops, tick charts, trading history and more. The analytical tools in MetaTrader are particularly detailed with 9 different time-frames, 30 technical indicators and 23 analytical objects to drill deep down into data. For those new to Forex trading, MT4 also allows you to automatically copy other Traders trades based on the signals of your choice. You can even add trading platforms to MetaTrader or rent Expert Advisors through the MetaTrader Market but note that this doesn’t work on Mac using the Wine installation method which is another reason we recommend installing it using Parallels rather than Wine.
TradingView.
TradingView is another incredibly popular community driven web-based stock charting software that offers an easy to use way of tracking Forex currency markets. TradingView combines social networking with stock trading making it a good introduction for beginners to Forex trading on Mac. The amazing thing about TradingView is that most of its features are completely free to use. The TradingView Forex page for example provides a clear overview of the most important global developments in the currency markets with the real-time value of major currencies such as USD, Euro, JPY and GBP immediately visible with a convenient Economic Calendar of important events and News feed for the latest currency news. You will also see commentary from top traders giving advice and tips on currency movements and potential trades.
TradingView is so good that many other stock trading resources such as Tradeable and Investopedia are integrated with TradingView for Forex trading analysis on Mac and PC. TradingView has rapidly risen from just a few thousand users in 2012 to over one million users today, mainly thanks to its wide array of charts and community driven content. If you want to harness the knowledge and experience of thousands of other Forex traders, TradingView is a remarkably effective tool to keep ahead of Forex market trends and developments.
TradingView is free to sign-up for with most features included int the free version although there are also Pro, Pro+ and Premium plans starting at $9.95 per month. The main advantage of the plans is that they remove all ads, give faster data, a wider range of real-time stats, more intraday reports and you can have more charts per tab open. Feeds for NASDAQ, NYSE and NYMEX also cost a bit extra per month although most Forex traders won’t necessarily need these.
cTrader has rapidly developed to become one of the major Forex trading rivals to MT4. cTrader only has a desktop client for Windows but Mac users can now use the cTrader web client which offers all the functionality of the desktop client. The cTrader platform looks and feels a bit slicker than MT4, it’s easier to navigate and it supports more order types. However, in terms of overall features, there’s not much to choose between them, especially for beginners. The same features such as charts, trade logging, account management tools, back testing and technical indicators are all available in both.
Trade Interceptor.
Trade Interceptor is a professional currency trading app for Mac with advanced trading and technical analysis tools. You can use Trade Interceptor to trade with brokers FXCM, SWISSQUOTE, OANDA and 24Option. If you don’t like the platforms of these brokers, then using Trade Interceptor on Mac is an excellent option because it has its own desktop app for Mac. Using Trade Interceptor to trade with these brokers is free and all are fully integrated with the native platform of each broker. You can even trade with multiple accounts and multiple brokers in one window.
The Trade Interceptor app for Mac basically brings all the benefits of the Trade Interceptor web trading platform to your Mac desktop without having to use your browser. Trade Interceptor provides live quotes and charts of more than 60 Forex currencies as well as Gold, Oil and Silver. You can activate a useful News feed down the left hand margin to provide news in real-time for the Asian, European and American markets. There are lots of technical analysis indicators, trend alerts and graphical tools to help you make trading decisions. You can set alarms for price drops and spikes and choose from multiple chart layouts and templates.
There’s also a useful “Traders Gym” which allows you to simulate trades – also known as Paper Trading – in real-time without risking real currency. The smart thing about the Paper Trade feature is that you can pick any previous time frame or currency, and trade as if it were happening now in real-time which is a great way to learn now to trade better and see what works and what doesn’t in the currency markets.
Trade Interceptor is updated regularly, including with new features which is important for Mac users to ensure that the software continues to work with new releases of OS X. The Mac app syncs your trading with the web platform and Trade Interceptor iOS app so that you can continue trading on the move.
You can watch Trade Interceptor in action on Mac below:
Latinum ($99. Free Demo Account)
Latinum is a new professional trading and technical analysis software for Mac and PC which is focused on trading Forex and CFDs (Contract for Difference). Latinum is designed for discretionary (non-automated) traders and quickly enables you to determine risk, make orders quickly via a Mini Order Ticket feature and more easily manage order and positions with a Mini Blotter.
Latinum supports a wide range of chart types including Candlestick, HLC (High-Low-Close), Heiken-Ashi, OHLC (Open-High-Low-Close), Step, Dot, Line, Histogram, Area, Candlestick Trend, Invisible, Hollow Candlestick, HL (High-Low), Colored Line and Real Body.
Latinum is also very good at helping you quickly ascertain risk, execute orders and manage your positions. You can quickly determine risk with useful indicators displayed on the ticket such as Risk/Reward, pip value, stop-loss distance in pips and price. There’s a Mini Order Ticket to enter orders faster with single click entry and essentials such as stop-loss and take-profit included. For quick order management, there’s a Mini Blotter which displays opened trades and pending orders. You can conveniently right-click on a trade to allow scaling of trades (such as partial close), two-click stop-loss and take profit editing. This makes it easier to manage, cancel or close orders and trades than on a lot of Mac Forex software.
Since it’s quite a new Forex trading app for Mac, Latinum only works with FXCM Trading Station/Marketscope accounts and OANDA fxTrade Practice accounts although this will probably be expanded in the future. There is also a Latinum trading simulator to practice trading on and get a feel for it. Although Latinum costs $99 for the full version from the Mac App Store, a tip is that you can download the Latinum beta version for free. You can use the Beta version to connect to FXCM, OANDA or just use the Forex trading simulator to decide whether Latinum is for you before buying the App Store version.
Overall, Latinum is a very promising professional Forex trading tool which doesn’t complicate things with unnecessary features or extra assets and focuses on making it easier to trade Forex quicker and more efficiently.
How To Run Forex Software For Windows On Mac.
Finally, if you really want to use a Windows only Forex trading platform on Mac, your best bet is to install Windows on your Mac using Parallels. Parallels allows you to run Windows alongside OS X and is a very convenient solution if you can’t live without your Windows Forex trading platform.
Conclusion.
The best Forex trading platform for Mac really depends on your level of expertise when it comes to Forex. Some of the software featured here will be way to lightweight for experienced traders while others will get lost in the complexity of platforms such as Metatrader and NinjaTrader. However, what you can be sure of is that all of these platforms look and work great on Mac OS X. If we had to pick one, eToro’s strong community driven Forex trading is an excellent way to get into Forex trading for beginners. AvaTrade feels more professional though while remaining extremely easy to use with tons of useful tutorials for beginners and pros. However, if you want something a little more professional, we like both Oanda’s interface, ethical principles on transparency and lack of minimum trade size or deposit. The fact it’s one of the few platforms that has a dedicated Forex app for Mac is great too.
If you have any questions, issues or suggestions regarding Forex platforms on Mac, let us know in the comments below.
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About The Author.
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MetaTrader for Mac.
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