In today's active foreign exchange market, having a reliable trading system where investors and traders may be able to have access to financial informations affecting the exchange rates traded worldwide is very vital. The newer technology today has indeed helped the industry to spin-off to what it is now as the leading investment vehile that most speculative investors wants to be successful in.

As a matter of following up our previous hub on ' An Ideal Trading Solution ', based on the performance level, consistency of price accuracy and the trading methodology that has been applied that led to the comparison and review of these trading platforms. It is in our due diligence to always search for the best systems available in the market for trading in the Foreign Exchange Market. As a result of the research and study, our trade team was able to disect the usefulness of the platforms by several broker / dealers and banks that has been using these systems to generate some investors in the Forex Market. However, this review is just a snap shot of the full capabilities of the systems.

The top 3 trading platforms that has made it to our trading team's list are as follows: ( Note: not necessarily in this order )

1. SAXO BANK TRADER 2
2. INTERBANK FX
3. FXCM

On Information and Pricing:

It is indeed an award winning platform which has been proven so far for the past few years. On having the accessibility of being able to trade not only the Spot Foreign Exchange market, but having incorporated several major tradable instruments related to the financial futures market which also includes currency forwards, options and most especially being able to fully utilize the trading of the US Dollar Index which is vital to any FX trades. The international indices, stocks and company listings of the major trading partners of the US in likewise included which is also very useful. Price comparison with some other trading systems literally on a side by side basis was very informative specially on the US, European and Asian trading sessions were quite accurate and in line with the Reuters dealing system voice trading.

Execution of orders, and summary positions are properly reflected including a total percentage of trade exposure based on current market values. Trades made either on Spot Forex or Futures related contracts are shown on a one page summation of all transactions and are viewed with considerable ease. Speed and price competitiveness is present without any real problems so far.

On Technical Charts & Studies:

The MetaTrade 4 of IBFX has more advantages and its' flexibility compared with the others  can be easily spread out in several windows and the overall market charts related to trading in one whole screen page is execelent. Although, having a multi-view split screen available to the traders can likewise be useful, as a snap shot of the activity in almost all angles can be seen and easily processed at the same time. On the other hand the versatility of the Saxo trading platform in both the Spot and Futures market which can be more for the investor's advantage where the accessibility to secondary markets are located in one place. The technical studies are more the same with the others as in line with industry levels.

Application of Strategy:

Having the information available to traders and strategist is vital to any successful trading in the FX market. To be able to apply arbitrary hedging on both currency majors, cross rates and the financial futures which includes the trading of the US Dollar index, forwards and currency options are what most interbank traders, portfolio managers and hedge funds use to make some serious money in the Foreign Exchange Market. It does take some time and even years to be able to have a certain degree of confidence in this volatile market.

For the retail traders, it is very important that such diversity of having the information at the tip of the fingers is as important in having several trading systems available when it is needed specially during critical decision making. The trading platforms are will always be there, but the ultimate decision making whether to buy or sell still has to made by the trader / investor who happens to initiate the orders to be placed on the system.

Check out the three trading systems above and compare them for yourself. Remember that trading the foreign exchange market has considerable risk inherent in trading. Every investor and trader should consider their financial conditions and objectives before getting into this volatile market.