The information system of the vast majority of trading platforms - as described in the Standard Services section - now includes the display of real-time quotes. For example, traders can always view current rates and prices of the main currency pairs or in the area of CFD trading in https://trade-exness.com/swap/. The real-time prices are usually displayed both in figures and within a chart.
In addition, however, the information system at most CFD brokers and trading platforms not only contains the real-time rates, but also includes the following facts and figures:
- current financial news
- trading signals
- special news on currency trading
- calendar: important market dates
- other news
All this information can sometimes be a good help in deciding which currency to trade and at what time it makes sense to buy or sell the currency pair. Therefore, you should not underestimate the information systems of the respective trading platform as a point of comparison.
In addition to the information system, additional functions and tools are also a point of comparison that professional traders in particular pay attention to. One interesting tool has already been mentioned, namely the so-called one-click trading. In addition, it is increasingly important to more traders that not only one form of charts is displayed, but that it is possible to choose between different display variants within the charting system. For example, charts can be displayed in line form, bar form or even as candlesticks. The chart diagrams are of great importance for professional traders, because within the chart trading signals can be determined, which are the basis for most trading orders.
In addition, some Forex brokers offer their clients even more addons for their trading platform. GKFX, for example, offers customers who make a deposit of 2000 EUR or more the so-called MT4 Booster free of charge. This contains numerous extensions for MetaTrader 4, which are supposed to help customers get an even better trading experience. How good the tools actually are can be read in our review of all trading platforms from GKFX.
Tip: Test the trading platform in detail via the demo account
Now that you know what a good trading platform should be able to do and what to look for when comparing trading platforms, you may still have the question of how to test and compare trading platforms in practice. The answer is relatively simple and is: open a demo account and use it! The demo account is ideally suited as a test account to familiarize yourself with the trading platform and get to know the functions, try out tools and simply determine whether you get along well with this trading platform or still have to opt for another trading platform. The demo account is associated with absolutely no risk, even if you place (virtual) trading orders. You do not trade with your own money via the test account, but only with virtual capital. Accordingly, you can place orders as you wish, try out functions and thus also find out how which actions would affect you in practice. Accordingly, use the opportunity to open such a demo account with several brokers and identify the differences between the trading platforms.
