Best Options Trading Softwae

Best options trading softwae

Software

Day trading software is the general name for any software that helps you analyse, decide on, and make a trade.

11 Best Options Trading Brokers and Platforms of January 2020

It may grant you access to all the technical analysis and indicator tools and resources you need. The best software may also identify trades and even automate or execute them in line with your strategy. Whether you’re after trading software for beginners, or as an advanced trader, with more options than ever before, doing your research has never been so important.

Firstly, you’ll find out precisely how these software packages work.

This page will then highlight what to look for from your broker’s software offering, whilst breaking down forexsoftware, stocks software, and others in detail.

Best options trading softwae

It will also touch upon software demo accounts, equipment and the regional differences to be aware of.

Best Trading Software 2020

Trade Forex on 0.0 pip spreads with the world's leading True ECN forex broker - IC Markets.

Fusion Markets are delivering low cost forex and CFD trading via low spreads and trading costs.

Their message is - Stop paying too much to trade

Pepperstone offer online Forex and CFD trading to both retail and professional traders. Trading is offered via 11 trading platforms including cTrader, MT4, Mobile or a MAM/PAMM account.

Binary.com are the established pioneers of binary options. The choice of the advanced trader, Binary.com offer the greatest flexibility of any binary broker.

They also offer Forex and CFD via the MT5 platform.

Finq.com offer a great all round service with trading on 2100+ assets and immediate bonus offers.

Vantage FX are a Raw ECN Forex broker, regulated by ASIC is Australia. Boasting MT4, MT5 and Webtrader platforms, a range of account types and a deposit bonus of up to 50%

NinjaTrader offer Traders Futures and Forex trading.

Use Auto-trade algorithmic strategies and configure your own trading platform, and trade at the lowest costs.

Alpari offer forex and CFD trading across a big range of markets with low spreads and a range of account types that deliver for every level of trader from beginner to professional.

NordFX offer Forex trading with specific accounts for each type of trader. Zero accounts offer spread from 0 pips, while the Crypto offers optimal cryptocurrency trading.

Characteristics of a great options trading platform

Open account from just $10.

Just2Trade offer hitech trading on stocks and options with some of the lowest prices in the industry

ATFX are an award winning, UK regulated broker. Offering Forex and CFDs with competitive spreads and a customer service focus.

Zulutrade provide multiple automation and copy trading options across forex, indices, stocks, cryptocurrency and commodities markets

New Forex broker Videforex can accept US clients and accounts can be funded in a range of cryptocurrencies.

Payouts reach 95% per trade.

Bit Mex Offer the largest market liquidity of any Crypto exchange.

Best options trading softwae

Ultra low trading costs and minimum deposit requirements. Join in 30 seconds.

Deposit and trade with a Bitcoin funded account!

Best Options Trading Software

Binarycent accept deposits in, and trade, 15+ Cryptocurrency types.

Invest.com provide portfolio management plus standard trading. Leverage and spreads improve with each account level - Bronze, Silver or Gold

FXTM Are leading forex and CFD brokers.

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Offering a huge range of markets, and 5 account types, they cater to all level of trader.

83% of retail accounts lose money.

A trader with a Plus500 account can trade CFDs on underlying financial instruments such as Forex, Stocks, Commodities, Cryptocurrency, Options and Indices.

With tight spreads and no commission, they are a leading global brand.

76.4% of retail accounts lose money.

Forex.com boast a global reputation. Regulated in the UK, US, Canada and Australia they offer a huge range of markets, not just forex, and offer very tight spreads and a cutting edge platform.

69% of retail accounts lose money with this provider.

Leading forex and CFD broker regulated in Ireland, Australia, Canada and South Africa.

Avatrade are particularly strong in integration, including MT4

71% of retail accounts lose money with this provider.

Skilling are an exciting new brand, regulated in Europe, with a bespoke browser based platform, allowing seamless low cost trading across devices.

73% of retail CFD accounts lose money.

XM.com Offer a range of Account types and a low minimum deposit to appeal to all levels of trader.

Top 10 Best Online Stock Trading Software Platforms Review 2020

With 1000+ markets and low spreads they offer a great service.

68.15% of retail accounts lose money.

Markets.com offer CFDs across a huge range of assets from shares and indices to commodities and cryptocurrencies.

CFDs carry risk. 64% of traders lose.

Trading 212 Offer a truly mobile trading experience. With tight spreads and a huge range of markets, they offer a dynamic and detailed trading environment.

80% of retail accounts lose money.

XTB are an FCA regulated brand offering CFD and Forex trades.

Top 6 Best Options Trading Platforms

They offer 3 levels of account, Including Professional.

77% of retail accounts lose money.

BDSwiss offer 250+ Shares, Indices, Forex, Commodities and Cryptocurrencies markets via CFDs. With spreads from 1 pip and an award winning app, they offer a great package.

78.3% of accounts lose money when trading CFDs.

AxiTrader offers competitive spreads on a large range of Forex and CFD markets, integrated into the MetaTrader 4 platform. FCA and ASIC regulated.

68.5% of retail investor accounts lose money when trading CFDs with this provider

Trade nearly 200+ global stocks at 24Option via CFDs.

Best options trading softwae

Spreads are competitive and stop loss and take profit orders are available. Even trade new cannabis firms in Canada!

86.24%% of retail accounts lose money with this provider.

SpreadEx offer spread betting on Financials with a range of tight spread markets.

Popular award winning, UK regulated broker.

68% of retail spread betting accounts lose money with this provider.

Explore Investous, A brand new Forex and CFD broker offering MT4 and Webtrader platforms. Official sponsors of PSV Eindhoven

82.11% of retail accounts lose.

A regulated bank, Saxobank offer CFD, Stocks and Forex trading on 35,000+ markets via the SaxoTrader Pro and SaxoTrader Go platforms

72% of retail accounts lose money.

IG offer spread betting, CFD and Forex trading across a range of markets.

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They are FCA Regulated, boast a great trading app and have a 40 year track record of excellence.

76% of retail investor accounts lose money when trading spread bets and CFDs with this provider.

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. 75% of retail CFD accounts lose money. You should consider whether you can afford to take the high risk of losing your money.

75% of retail investor accounts lose money when trading CFDs with this provider.

You should consider whether you can afford to take the high risk of losing your money.

Merrill Edge

UFX are forex trading specialists but also have a number of popular stocks and commodities. Offering tight spreads and one of the best ranges of major and minor pairs on offer, they are a great option for forex traders.

73.2% of retail accounts lose money with this provider.

Ayondo offer trading across a huge range of markets and assets.

They also offer negative balance protection and social trading.

77.2% of retail accounts lose money with this provider.

FXCM are an FCA regulated, London based broker. Companies under the FXCM umbrella are also regulated in Australia and Canada.

73.62% of retail accounts lose.

Multi-Award winning broker.

Specialising in Forex but also offering stocks and tight spreads on CFDs and Spread betting across a huge range of markets.

77% of retail accounts lose money with this provider.

Capital.com offer CFDs and Forex on a huge range of assets, with competitive spreads and unique platforms, including the fully functional mobile app.

76.2% of retail accounts lose money.

Show All Brokers ⇩

How Trading Software Works

Online day trading software can be broken down into four categories:

  • Data – Before you start trading for the day you need to know the prices of the stocks, futures and/or currencies you want to trade.

    For stocks and futures, those prices will usually come from the exchange where they are traded. Forex, however, doesn’t have a central exchange.

  • Charting – Smart traders will usually chart prices in charting software.

    From beginner solutions to expert portfolios

    Many vendors will also offer data feeds. These charting packages usually offer basic technical analysis indicators. Opt for a more advanced package and you can benefit from more indicators and the ability to backtest your strategies.

  • Trade execution – With your data to hand and after analysing it on a chart, at some point you’ll want to enter a trade. For that, you’ll need some sort of trade execution software, an electronic trading platform. A lot of software today will also allow you to develop your own trading strategies with an application programming interface (API).

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    They may also offer you automated trading capabilities specifically for day trading.

  • Broker vs independent vendor – A lot of brokers will offer software directly linked to their in-house systems, but you can also use third-party applications through independent software vendors with brokers that support such integration.

    The benefit of third-party solutions is that they often have more advanced features and enable you to trade with several different brokers with one single interface.

Tools

Mac or Windows?

When choosing your software you need something that works seamlessly with your desktop or laptop.

TD Ameritrade

Any crashes or technical issues could cost you serious profit. Fortunately, the day trader is no longer constrained to Windows computers, recent years have seen a surge in the popularity of day trading software for Mac.

MetaTrader4, for example, is the worlds most popular trading platform.

It’s user-friendly, so combined with an easy to navigate Mac, it’s ideal for both beginners and veterans.

Best options trading softwae

But whether you’re looking for the best trading software for Mac or Windows, check reviews to ensure the technical tools, data feeds, portfolio trackers, backtesting capabilities and any other features you require won’t run into compatibility hurdles. In addition, make sure the initial trading software download is free.

Reputable brokers shouldn’t charge you for the installation privilege.

Mobile Day Trading Software

You can also get extremely useful mobile trading software, normally in the form of an app on iOS and Android.

These aren’t designed to replace desktop applications as they lack in the capabilities area. They are best used to supplement your normal trading software.

Make sure when choosing your software that the mobile app comes free. A good app will provide succinct market updates, trends and the usual stock price tickers. If the app overloads you with information that pushes you towards impulsive decisions, stay clear.

What To Look For

Brokers will often offer standard software, but if you want additional features that may be essential for your strategies then you may have to pay significantly more.

Best options trading softwae

So conduct a thorough software comparison before you start trading with your hard earned capital.

Cost & Need

  • Does it meet your needs? – There is no one size fits all. Different trading software will suit different people. Are you following a simple stocks strategy such as moving average tracking? Alternatively, do you want to employ a more complicated multi-conditional strategy? Will you need a direct forex feed? To make sure it caters for your needs get a free software download trial and practice day trading on it first.
  • Cost – How much does day trading software cost?It’s all too easy to opt for the cheapest trading software.

    Whilst this may save you money in the short term, you may be sacrificing essential features your strategy requires.

    Best options trading softwae

    Adding these features later may cost you even more than if you’d invested in a comprehensive software to start with. Also, check to see if the software is available as part of the standard brokerage account, or does it come at an additional cost?

Technology

  • Execution speed – Time is money and nowhere is that truer than in the day trading world.

    Ensure your software will allow you to enter and exit trades swiftly. Check reviews for any trade execution red flags. A few seconds could be the difference finishing being in the red or black at the end of the day.

  • Accessibility