Top 10 Trading Platforms in 2023 - (50% off) Discount

What is Trading Software/Platform?

Trading software is computer program that allows the traders to run and execute trades automatically in financial markets. Basically Trading software is used to access real-time information, financial tools analysis, and perform trades through an trading platform. Trading software can be provided by brokers or software sellers. Trading platforms are used to trade a wide range of financial tools such as stocks, options, futures and forex.

Trading software has a number of features and functionalities, including:

1. Real-time market data: Trading software can provide real-time data on financial markets, including stock prices, forex rates, and commodity prices.
2. Technical analysis tools: Trading software can offer advanced charting tools and technical analysis indicators to help the traders identify trading opportunities and make correct decisions.
3. Trading strategies and automation: Trading software can allow traders to create back test trading strategies, as well as automate trading through algorithms and trading bots.
4. Order management: Trading software can allows traders to place, manage, and execute trades, including the use of advanced order types like stop-loss and limit orders.
5. Risk management: Trading software can offer risk management tools like position sizing and risk/reward analysis to help traders manage their risk exposure.

10 Best Trading Platforms in 2023 

TradingView is a cloud-based trading platform which offers advanced charting tools and social networking features for traders. TradingView was launched in 2011 and has become a popular platform for trading in financial markets. Following are some of its key features, as well as its pros and cons:

Features:

1. TradingView provides multiple advanced charting tools such as multiple chart types, technical indicators, and drawing tools.
2. This platform also provides the ability to create and backtest custom trading strategies using its Pine Script programming language.
3. TradingView has a social networking component which allows the traders to share ideas and analysis, follow other traders, and copy trades.
4. The platform offers a range of market data and news, including real-time data from major stock exchanges and forex markets.

Pros:

1. TradingView platform is easy to use, with a clean and intuitive interface that is compatible for beginners and experienced traders also.
2. The platform provides multiple advanced charting tools, including the ability to display multiple charts at once and compare multiple instruments on a single chart.
3. TradingView is cloud-based, means it can be accessed from any device, you just have an internet connection, including desktops, laptops, tablets, and smartphones.
4. The platform offers a range of customization options, allowing traders to create custom watchlists, alerts, and layouts.

Cons:

1. TradingView is primarily focused on charting and technical analysis, so it may not be the best choice for traders who relys on fundamental analysis.
2. While TradingView offers a range of market data and news, it may not be as comprehensive as other platforms that specialize in financial news and analysis.
3. Some advanced features, such as custom indicators and backtesting, are only available in paid plans.
4. The social networking component of TradingView can be distracting for some traders, and may lead to over-trading or following poor strategies.

NinjaTrader is a trading platform developed for active traders and day traders. It was launched in 2003 and provides many advanced features and tools for trading in the financial markets. following are some of its key features, as well as its pros and cons:

Features:

1. NinjaTrader provides advanced charting tools such as multiple chart types, technical indicators, and drawing tools.
2. This platform also offers many order types, including market, limit, stop-loss, and trailing stop orders, as well as advanced order management features like OCO (One Cancels Other) orders.
3. NinjaTrader also provides automated trading options, including the ability to create custom indicators and strategies using its NinjaScript programming language. It also provides backtest and optimize trading strategies.
4. This platform also provides market data and news, including real-time data from major stock exchanges and forex markets.

Pros:

1. NinjaTrader is a powerful platform, with a variety of advanced features and tools that are suitable for experienced traders.
2. This trading platform having advanced charting tools, including the ability to display multiple charts at once and compare multiple instruments on a single chart.
3. NinjaTrader is highly customizable to create custom indicators, strategies, and trading systems.
4. This platform offers a range of order management features, including the ability to place advanced order types like OCO orders.

Cons:

1. NinjaTrader is basically focused on active trading and day trading, so it is not the best choice for longer-term investors or swing traders.
2. This platform can be complex for beginners, with a steeper learning curve than other trading platforms.
3. NinjaTrader provides a range of market data and news, it may not be as comprehensive like other platforms that are specialize in financial news and analysis.
4. Some advanced features, such as custom indicators and automated trading, are only available on paid plans.

This platform is designed for forex and CFD trading. It was launched by Spotware Systems in 2010. It becomes a popular platform for traders looking for a trustable and easy-to-use trading platform. Following are some of its key features, as well as its pros and cons:

Features:

1. cTrader has advanced charting tools, including multiple chart types, technical indicators, and drawing tools.
2. This platform also provides a range of order types, including market, limit, stop-loss,trailing stop orders and advanced order management features like OCO (One Cancels Other) orders.
3. cTrader provides a range of automated trading options, create custom indicators and strategies using its C# programming language, and ability to backtest and optimize trading strategies.
4. The platform provides market data and news, including real-time data from major forex and CFD markets.

Pros:

1. cTrader is a powerful platform having advanced features and tools that are suitable for experienced traders.
2. This platform provides a clean and intuitive interface that is easy to use, with a focus on usability and user experience.
3. cTrader platform having advanced charting tools, including the ability to display multiple charts at once and compare multiple instruments on a single chart.
4. This platform is highly customizable to create custom indicators, strategies, and trading systems.

Cons:

1. cTrader is basically focused on forex and CFD trading, so it may not be the best choice for traders that are looking to trade other financial instruments like stocks or futures.
2. cTrader provides market data and news, it may not be as inclusive as other platforms that are specialize in financial news and analysis.
3. Many advanced features like custom indicators and automated trading, may require programming skills or technical knowledge.
4. Some traders have reported issues with the platform's stability and reliability, particularly during periods of high market volatility.

MetaTrader 4 (MT4) is a  trading platform which is broadly used for trading in the financial markets such as forex, commodities, and indices. It was released in 2005 by MetaQuotes. Following are some of its key features, as well as its pros and cons:

Features:

1. MT4 help traders to analyze the markets and offers a number of charting tools and technical indicators.
2. It uses Expert Advisors (EAs) programming language that offers the ability to automate trading strategies based on MQL4.
3. MT4 supports multiple order types, including market and trailing stop orders.
4. This platform also has a built-in news feed and economic calendar to help the traders stay up-to-date on the latest market news and events.

Pros:

1. MT4 is broadly used by traders and brokers all over the world, so it is easy to find support and resources for the platform.
2. This platform is highly customizable, with the ability to add custom indicators, scripts, and EAs.
3. MT4 is open source i.e free to use, and many brokers offers it as their primary trading platform.
4. The platform has a user-friendly interface and is easy to navigate for beginners.

Cons:

1. MT4 platform is not advanced trading platform but most of the traders prefer more advanced charting tools and features.
2. This platform does not support multiple time frames on a single chart, which is a limitation for many traders.
3. MT4 is customizable and difficult to find quality custom indicators and EAs, and there is a risk of downloading and using poorly coded or virus scripts.
4. This platform is only available for Windows, which may be a limitation for Mac and Linux users.

Sierra Chart is a professional trading platform designed for active traders and day traders. It was launched in 1996 and become a popular platform for trading in the financial markets. Following are some of its key features, as well as its pros and cons:

Features:

1. Sierra Chart has advanced charting tools, including multiple chart types, technical indicators, and drawing tools.
2. This platform also offers a number of order types, including market, limit, stop-loss, and trailing stop orders, as well as advanced order management features like OCO (One Cancels Other) orders.
3. Sierra Chart provides many automated trading options, including the potential to create custom indicators and strategies using its own Sierra Chart Language (SCL), as well as the facility to backtest and optimize trading strategies.
4. This trading platform presents a range of market data and news, including real-time data from vital stock exchanges and forex markets.

Pros:

1. Sierra Chart is a powerful platform with advanced features and tools that are suitable for experienced traders.
2. This platform gives advanced charting tools, including the potential to display multiple charts at once and compare multiple instruments on a single chart.
3. Sierra Chart trading platform is highly customizable, with the facility to create custom indicators, strategies, and trading systems by using its own programming language.
4. This trading platform provides a range of order management features, having the ability to place advanced order types like OCO orders.

Cons:

1. Sierra Chart has a expensive learning curve than other trading platforms which makes it less suitable for beginners.
2. This platform is basically focused on active trading and day trading, so it may not be the best choice for longer-term investors or swing traders.
3. Sierra Chart offers a range of market data and news, it may not be as comprehensive as other platforms that specialize in financial news and analysis.
4. Some advanced features, such as custom indicators and automated trading, may require programming skills or technical knowledge.

MetaTrader 5 (MT5) is advanced to MetaTrader 4 (MT4) and was developed by MetaQuotes Software. It was released in 2010 and offers a range of advanced features and capabilities for trading in the financial markets. Here are some of its key features, as well as its pros and cons:

Features:

1. MT5 platform offers advanced charting tools, with the ability to display up to 100 charts at one time and support for multiple time frames on a single chart.
2. This platform offers multiple technical indicators and drawing tools, as well as the ability to create custom indicators and scripts using its MQL5 programming language.
3. MT5 also provides many advanced order management features than MT4, including the ability to place market depth and time and sales orders.
4. This trading platform also having multiple options such as a built-in economic calendar, news feed, email and push notification alerts.

Pros:

1. MT5 platform provides more advanced features and capabilities than MT4, which making it a better choice for more experienced traders.
2. This platform supports multiple financial instruments than MT4, including stocks and futures.
3. MT5 also provides user-friendly and inbuilt interface than MT4, includes improved charting and order management tools.
4. This platform is also customizable to create and use custom indicators, scripts, and Expert Advisors (EAs).

Cons:

1. MT5 platform is less used than MT4, so it is difficult to find support and resources for the platform.
2. MT5 platform is more advanced than MT4, it may also more complex, which could be massive for beginners.
3. MT5 is only available for Windows, which is a limitation for Mac and Linux users..
4. MT5 platform is more resource-intensive than MT4, it requires more powerful hardware to run smoothly.

eSignal is a trading platform designed for active traders and investors that was first launched in 1984 and become a popular platform for trading in the financial markets. Following are some of its key features, pros and cons:

Features:

1. eSignal has advanced charting tools, including multiple chart types, technical indicators, and drawing tools.
2. This platform also facility a number of order types, including market, limit, stop-loss, and trailing stop orders, as well as advanced order management features like OCO (One Cancels Other) orders.
3. eSignal provides a range of automated trading options, including the ability to create custom indicators and strategies using its own scripting language, as well as the ability to backtest and optimize trading strategies.
4. The platform facility market data and news, including real-time data from major stock exchanges and forex markets.

Pros:

1. eSignal is a great platform, having advanced features and tools that are appropriate for experienced traders.
2. The platform also having advanced charting tools, including the facility to display multiple charts at once and compare multiple instruments on a single chart.
3. eSignal provides order management features, place advanced order types like OCO orders.
4. This platform is highly customizable, create custom indicators, strategies, and trading systems using its own scripting language.

Cons:

1. eSignal can be expensive than other trading platforms.
2. The platform has a steeper learning curve than some other trading platforms, making it less suitable for beginners.
3. While eSignal renders market data and news, it may not be as comprehensive as other platforms that specialize in financial news and analysis.
4. Some advanced features, such as custom indicators and automated trading, may require programming skills or technical knowledge.

ProRealTime is a trading platform designed for day traders and investors. This trading software was first launched in 2001. Following are some of its key features, pros and cons:

Features:

1. ProRealTime having advanced charting tools, including multiple chart types, technical indicators, and drawing tools.
2. The platform also presents order types, limit, stop-loss, and trailing stop orders, as well as advanced order management features like OCO (One Cancels Other) orders.
3. ProRealTime facility automated trading options, create custom indicators and strategies using its own programming language, as well as the ability to backtest and optimize trading strategies.
4. The platform defines a range of market data and news, including real-time data from major stock exchanges and forex markets.

Pros:

1. ProRealTime is authoritative platform, with a number of advanced features and tools that are compatable for experienced traders.
2. This platform provides advanced charting tools, display multiple charts at once and compare multiple instruments on a single chart.
3. ProRealTime facility a range of order management features, including the ability to place advanced order types like OCO orders.
4. The platform is highly customizable, with the ability to create custom indicators, strategies, and trading systems using its own programming language.

Cons:

1. ProRealTime can be expensive, with pricing that is higher than some other trading platforms.
2. The platform has a steeper learning curve than some other trading platforms, making it less suitable for beginners.
3. While ProRealTime offers a range of market data and news, it may not be as comprehensive as other platforms that specialize in financial news and analysis.
4. Some advanced features, such as custom indicators and automated trading, may require programming skills or technical knowledge.

MultiCharts is a professional trading platform designed for traders who require advanced technical analysis tools, automated trading, and backtesting capabilities. Here are some of its key features, as well as its pros and cons:

Features:

1. MultiCharts offers advanced charting tools, including multiple chart types, technical indicators, and drawing tools.
2. The platform offers a range of order types, including market, limit, stop-loss, and trailing stop orders, as well as advanced order management features like OCO (One Cancels Other) orders.
3. MultiCharts offers a range of automated trading options, including the ability to create custom indicators and strategies using its own programming language, as well as the ability to backtest and optimize trading strategies.
4. The platform offers real-time market data and historical data, including tick-by-tick data, for stocks, futures, forex, and cryptocurrencies.

Pros:

1. MultiCharts is a powerful platform, with a range of advanced features and tools that are suitable for experienced traders.
2. The platform offers advanced charting tools, including the ability to display multiple charts at once and compare multiple instruments on a single chart.
3. MultiCharts offers a range of order management features, including the ability to place advanced order types like OCO orders.
4. The platform is highly customizable, with the ability to create custom indicators, strategies, and trading systems using its own programming language.

Cons:

1. MultiCharts can be expensive, with pricing that is higher than some other trading platforms.
2. The platform has a steeper learning curve than some other trading platforms, making it less suitable for beginners.
3. While MultiCharts offers a range of market data and news, it may not be as comprehensive as other platforms that specialize in financial news and analysis.
4. Some advanced features, such as custom indicators and automated trading, may require programming skills or technical knowledge.

Interactive Brokers Trader Workstation (TWS) is a trading platform designed for active traders and investors. It is a comprehensive platform that offers a range of advanced tools and features. Here are some of its key features, as well as its pros and cons:

Features:

1. TWS offers advanced trading tools, including real-time market data, advanced charting tools, and a wide range of order types.
2. The platform offers a range of order management features, including the ability to place advanced order types like OCO (One Cancels Other) orders and Bracket orders.
3. TWS offers a range of automated trading options, including the ability to create custom indicators and strategies using its own programming language, as well as the ability to backtest and optimize trading strategies.
4. The platform offers a range of market data and news, including real-time data from major stock exchanges and forex markets.

Pros:

1. TWS is a powerful platform, with a range of advanced features and tools that are suitable for experienced traders.
2. The platform offers advanced charting tools, including the ability to display multiple charts at once and compare multiple instruments on a single chart.
3. TWS offers a range of order management features, including the ability to place advanced order types like OCO orders and Bracket orders.
4. The platform is highly customizable, with the ability to create custom indicators, strategies, and trading systems using its own programming language.
5. Interactive Brokers is a reputable broker, with a strong track record in the financial industry.

Cons:

1. TWS can be expensive, with pricing that is higher than some other trading platforms.
2. The platform has a steeper learning curve than some other trading platforms, making it less suitable for beginners.
3. Some advanced features, such as custom indicators and automated trading, may require programming skills or technical knowledge.
4. While TWS offers a range of market data and news, it may not be as comprehensive as other platforms that specialize in financial news and analysis.
5. The platform may experience occasional technical issues or downtime.