Forex trading platforms and forex brokers enable users to trade currencies on the forex market. Forex trading platforms offer tools to be an effective forex trader, from beginner to advanced.Compare the best Forex Trading platforms for Mac currently available using the table below.
They say once you go Mac, you never go back. If you are a die-hard fan of Mac computers, as I am, you want a forex trading platform that will run smoothly on your device without any limitations. The good news is you can find excellent trading platforms available for Mac, and this guide shows you how.
Best Fx Trading Platform For Mac
While the user experience continues to evolve for Swissquote's Advanced Trader as a Mac trading platform, it does include robust charting, complex order types, and supports forex options trading on 45 pairs on a Request for Quote (RFQ) basis. Read full review
The MetaTrader platform suite for Mac, including MT4 and MT5, is provided by AvaTrade and is available directly from the developer as a native application for Mac. AvaTrade has a well-balanced offering for Apple users in terms of its platform availability, range of markets, pricing, and regulatory licenses. Read full review
If you live in the U.S., the best trading platform for your Mac computer is thinkorswim from TD Ameritrade. For non-U.S. residents, Saxo Bank's SaxoTrader Pro desktop trading platform and SaxoTrader GO web and mobile trading app are excellent trading software for Mac users.
Much like a Windows computer, your Mac laptop or desktop machine likely already has a powerful balance of the hardware and software capabilities necessary to run the best trading platforms. Likewise, iOS devices such as the iPhone can run even the most demanding mobile trading app for Macs.
Nearly all Mac computers made in the last decade have a fast processor, large hard drive, and enough RAM to meet your needs regardless of the Mac trading platform you use. Desktop trading platforms can be more resource-intensive when installed locally, compared to using a web-based version, so it's good to know what the system requirements are if you decide to use forex trading platforms for Mac.
Yes, you can trade forex on a MacBook by either using the web or desktop version of the trading platform from your device. Even the smallest MacBook, the 12-inch, can be used for forex trading, in addition to the hardier MacBook Air and MacBook Pro models.
The MacBook Air is an ideal laptop for those trading on the go, such as when working remotely or traveling. At 2.8 pounds (1.29 kilos), it is lighter than most MacBook Pros, yet still powerful enough to run nearly any trading platform.
It's important to keep in mind that desktop-based platforms that require installation on your MacBook Air may consume more memory and battery, compared to using the web version of the forex trading platform offered by your broker.
The best trading platforms cover all the bases, offering low commissions, a wide range of markets, news, research, powerful charts, and plenty of trading tools in a user-friendly software design. The following forex brokers offer the best software for trading:
MT4 offers dozens of plugins by default, and there are thousands more available from third-party providers and within the MQL5 community. Traders love its charting and technical analysis capabilities, and MetaTrader is one of the most popular investment trading platforms across the globe.
Almost every Apple computer comes now by default with a fast processor, powerful video card, plenty of storage, and enough RAM to satisfy even the most demanding trading platforms used for day trading.
Pro tip: When building a trading rig for Mac trading software, Apple desktop and laptop computers can be configured to be very powerful and can easily cost several thousand dollars depending on setup (i.e., 64GB of RAM, 4.0 GHz processor, 1 TB SSD). In almost all cases, that will be more than is necessary for trading platforms, even if you have a decade-old Apple computer with base model specifications.
Having run the most demanding trading platforms from over 40 brokers, I can say that Mac devices are ultra-reliable, and perfect for day trading and running desktop trading software, or having numerous browser tabs open while logged into your brokerage accounts.
The current version of the TradeStation platform is designed for Windows; the developer suggests using an emulator such as Parallels Desktop to run it in a virtual environment on a Mac. I've personally found that Parallels version 16 works very well for running the TradeStation desktop trading platform on macOS (version 10.5 or later).
Trading on a Mac computer is no different than on any other computer, except that if you want to install a desktop-based platform, you must be sure there is a compatible Mac version. Otherwise, you'll be limited to using web-based trading platforms and mobile apps. Many of the best brokers offer Mac versions of their desktop software, or their web-based versions are excellent alternatives.
In order to assess the best brokers for trading on Mac devices and operating systems, we conducted in-depth research and testing on modern Mac devices that run the most up-to-date versions of MacOS and iOS.
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. Read more on forex trading risks.
With over 20 years of investing experience and 10 years of trading, Justin co-founded Compare Forex Brokers in 2014. He has worked within the foreign exchange trading industry for several years and for several of the largest banks globally. Justin achieved Honours in Commerce and has a Master's degree from Monash University. He also owns Innovate Online offering digital marketing services with over 20 employees.
The MT4 trading software is equipped with the latest technology to enjoy seamless forex trading conditions. The MT4 is also considered as the best trading platform for Android. Alongside the forex charting capabilities offered by MetaTrader 4, the platform also supports advanced trading tools including:
If you wish to install the MT4 platform on Mac OS, you need to use the free software PlayOnMac. Follow this step-by-step guide for a smooth installation of MetaTrader 4 on Mac OS: How to Install MT4 Terminal on Mac OS.
Additionally, to low spread forex trading, Pepperstone also offers competitive commissions that start from USD 3.50 per 100,000 units traded (USD 7.00 round turn commission to open and close an FX trade).
Our team of experts tested all MT4 applications on Mac products and recommends Pepperstone for all Apple users. With low spreads, a good range of FX pairs, an excellent reputation and fee-free funding methods, Pepperstone is the best MT4 broker. Additionally, fx traders can download MT4 for all Apple products (iPad, iPhone, or MacBook) including web trader via Pepperstone web app.
The MetaTrader 5 (MT5) trading platform is the next generation software developed by MetaQuotes Software Corp. The MT5 platform is upgraded trading software of the MT4 platform designed to allow share CFD trading and become that standard multi-asset FX platform. According to Google Trends data, the MT5 platform has started to gain in popularity over the past 12 months, while interest for MT4 has begun to fade.
MetaTrader 5 advanced technology allows traders to access more instruments, implement complex trading strategies, access more advanced tools and allows faster connectivity to the market. The benefits of the MetaTrader 5 trading platform include:
The main drawback to the MetaTrader 5 platform is that the software mimics the same interface as the flagship MT4 platform. While the MetaTrader 5 has seen an increase in usage, market adoption is still moving at a slower pace however this will accelerate now that MetaQuotes has ceased development of MetaTrader 4.
Through IC Markets offerings, active traders can speculate on the stock market via CFDs on over 120 companies listed on the NYSE, NASDAQ or ASX. Stock CFDs are exclusively offered via IC Markets MetaTrader 5 platform. If you trade stock CFDs on IC Markets, you can also earn dividends on the underlying shares.
IC Markets MT5 terminal integrates many of the advanced features that come with your iPhone like the landscape-to-portrait view changer. The MT5 mobile apps are equipped with the same advanced tools as the desktop version (one-click trading, complex trade orders, real-time charts and quotes, integrated indicators, etc.).
Our team of experts hand-picked IC Markets as the best MetaTrader 5 broker for Mac users. The online broker is a leading financial services provider in several areas including the lowest forex and CFD spreads, 40ms order execution speed, deep liquidity and a no minimum deposit. Click the button below if you want to trade with a tier-one regulated broker (ASIC + CySEC).
cTrader by Spotware Systems Ltd. is one of the best multi-asset trading platforms that are suitable for ECN brokers. FxPro was the first big name to offer the flagship trading platform developed by Spotware back in 2011. Since then, the cTrader platform is offered by several trustworthy ECN brokers, including Pepperstone and IC Markets.
The cTrader platform is designed to support advanced trade management functions along with advanced charting capabilities. The developers have done a great job to ensure the ease of user interface. The learning curve with the cTrader platform should be smooth. By comparison with the MetaTrader software, the cTrader platform is equipped with a full range of trading tools suitable for beginners and professional traders alike. 2ff7e9595c
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