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Top Forex Brokers Providing WebTraders



Oct 15, 2020   1098 
Easy to use and simple interface makes Webtrader attractive to many traders around the globe. Learn more about the advantages and disadvantages of forex broker Webtrader in this article.

WebTrader is a platform that allows you to trade forex from any browser and operating system without having to install any additional software on your devices. All you need is an internet connection. With only a couple of clicks, you can access full information about your account and start trading.

Just open the official broker's website, and you will be guided to your account, and then you can open the price chart, analyze it, and execute orders immediately. This option can interest many people because of its effectiveness and simplicity.

Some examples of brokers with good web trader platforms are:

  1. FBS : Powered by MetaTrader and allows one-click trading.
  2. Exness: Equipped with MT4 WebTrader is available for both natural and demo accounts.
  3. InstaForex: Offers an in-house WebTrader product called Instaforex Webtrader developed by their teams.
  4. AGEA: AGEA's Streamster web can accommodate new and pro traders.
  5. IC Markets: This broker provides a web version of cTrader.
  6. AvaTrade: Offers trading via the web-based with a risk reduction tool called AvaProtect.

 

FBS

FBS offers an online trading terminal that eliminates the need for downloading. This web-based platform allows seamless trading through the FBS broker from any PC. All traders must do is access WebTrader via a provided link and enter their login credentials. This FBS platform allows access to various instruments in FBS Forex, gold, oil, stocks, and many more.

This browser-based platform encompasses a variety of features, including customizable charts with different timeframes, a selection of top assets, various indicators, and more. The FBS WebTrader platform is compatible with accounts from both MT4 and MT5.

Noteworthy features of MT WebTrader include:

  1. One-click trading.
  2. Browser-based access to trading.
  3. Compatibility with both Windows and macOS.
  4. Displaying active orders on charts.
  5. Access to technical analysis tools.
  6. Swift access to FBS Personal Area and Help Center resources.

 

Exness

The Exness WebTerminal allows engaging in financial market trading without installing extra software. Trading can be conducted through a web browser on any operating system, offering a substantial portion of the key functionalities in the desktop version.

Through the MetaTrader WebTerminal, users can access the entire range of instruments that Exness offers. Real-time price spreads and other relevant data for each CFD asset can be monitored within MetaTrader's Market Watch.

MetaTrader is the preferred platform for severe traders because it includes over 40 pre-built, customizable indicators and an economic calendar.

 

InstaForex

InstaForex is one of the most heavily discussed among traders and one of the few brokers that offer an in-house WebTrader product (developed by their team). InstaForex WebTrader is a unique product that allows traders to place their orders, manage their accounts, and monitor the market in a browser.

Generally, Instaforex WebTrader has three unique interface features: Classic, Dashboard, and Chart. You can easily access price charts and perform technical analysis using various indicators and objects.

Unlike other WebTraders, Instaforex's web-based platform has quite a complete range of analytical tools to help traders even if their chart feature is still based on TradingView. Not only that, InstaForex also provides a news feed page to show updated news in their WebTrader. The only drawback lies in the platform's appearance, which, as a whole, still seems monotonous.

 

AGEA

AGEA, or previously known as Marketiva, has been offering a proprietary platform model in the long run. Their Streamster can now also be accessed via the web. Even though there haven't been many technical indicators provided yet, AGEA's Streamster web can accommodate new and pro traders.

Basic features such as chart price and order options, updated news, a fundamental financial calendar, and an online chatting service are available. Moreover, the time frame options are quite reliable for scalpers.

 

IC Markets

IC Markets is an Australian brokerage that offers cTrader WebTrader for their clients. In addition to raw spread trading provided by IC Markets, this platform comes with various benefits.

Firstly, the one-click trade execution feature of cTrader WebTrader ensures that traders never miss an opportunity. Next, this platform uses level II pricing and offers a full market-depth feature to enrich your understanding of the market's dynamics. And last but not least, IC Markets WebTrader from cTrader has a more sophisticated look compared to any Webtrader from the MetaTrader edition.

 

AvaTrade

AvaTrade is one of the market's most popular forex, CFD, and cryptocurrency brokers. The company has obtained operating licenses in Australia, Japan, and South Africa, among other markets, and has gained more than 300,000 registered customers globally. The Ireland-based broker also executes more than two million trades a month.

Alongside the MT4 platform, AvaTrade offers trading via mobile app and web-based, which provides a risk reduction tool called AvaProtect to help traders minimize the probability of losing. Professional traders have a rigorous ion process before accessing the trading platforms, including checking their relevant past experience and trading history.

As for novice traders per se, AvaTrade provides a simple web interface that is relatively easy to use and a bunch of educational materials to master the art of successful trading and investing.

With only a few clicks, traders can learn from comprehensive video tutorials on topics ranging from trading basics to more complicated strategies, especially on how to use all the assets and tools in the trading platforms themselves, along with risk management and safe trading tutorials.

For your consideration, we have compared 3 of the 5 brokers above side by side in the table below.

 

The Advantages of WebTrader

WebTrader offers several advantages for traders and investors compared to traditional desktop applications or standalone platforms. Some of the key advantages of WebTrader include:

  • Easy to Access: The most apparent advantage of a WebTrader is that it allows you to trade anywhere and anytime. All you need is a stable internet connection and an up-to-date browser.
  • Faster and Lighter Performance: Not having to install an app or software on your devices makes WebTrader a light platform that doesn't take up much space in your device memory.
  • Equipped with Technical Indicators: Various web-based platforms may offer different combinations of these indicators, so you must consider this before using a certain WebTrader.
  • More User-Friendly: Since most WebTraders have a more limited series of functions than other platforms, it is well suited for new traders who are still learning and like to follow a simple trading strategy.
  • Supports Social Trading: Traders could share their insights, discuss various trends, learn each other's strategies, and more. Some trading platforms that provide a social trading feature are eToro and ZuluTrade.
  • More Reliable to Binary Options: A binary option is a financial product where traders receive a payout or lose their capital based on their price movement prediction over a set period.

 

The Disadvantages of WebTrader

While WebTrader offers numerous advantages, it also has some drawbacks that traders should be aware of before using the platform:

  • Various platform displays among brokers can confuse traders, so they need time to have a good understanding when trying to use WebTraders for the first time.
  • Compared to MT4, WebTraders have a smaller range of technical indicators.
  • As for now, most WebTraders still focus on the concept of simple trading, making it less compatible for traders with complex trading systems.

 

Conclusion

WebTrader is convenient in many ways, both for novice and professional traders. You can log in to the online page and start trading without having to spare additional space in your device or installing software.

However, WebTraders are not without flaws because most of their features are still limited compared to the installed trading platforms. This is why traders must consider carefully what they need when choosing a trading platform. If you are still new to WebTrading, try to find a broker that provides a demo or a trial on their web-based platform so you can try and see if it suits you without risking any real money.

 

More than just helping you to try a trading platform, a demo account is very beneficial for new traders as it enables them to trade in the real market with (almost unlimited) virtual money. To find out any ideal brokers for it, go to forex demo accounts.