Top 5 Proprietary Trading Software Developed by Leading Forex Brokers

Forex brokers tend to provide multiple trading software for retail traders as forex beginners and veterans may have different demand and preferences. Although MT4 dominates in the trading software market, many forex brokers begin to develop their own to meet clients' needs.

Fazzaco's survey in 2020 suggested that most forex brokers advocate adding Depth of Market, economic calendar, news, live chat, auto trading, and other features to trading platforms, which are not supported by MT4.

On the other hand, a forex broker offering only MT4/5 requires support from MetaQuotes in the case of tech issues, whether it's white label or not, making the forex broker less capable in the market with fierce competition.

Not so many forex brokers are strong enough to develop their proprietary technology as it requires a professional IT team for to launch, iterate, and update a trading platform. Listed below are some of the top proprietary trading software for your reference.

1 Next Generation

Broker: CMC Markets

Instruments: Forex/commodities/cryptos/stocks/indices/bonds/ETFs

Order Types: Market order/pending order/trailing stop

Copy Trading: Allowed

Terminal: Mobile/Web

Depth of Market: Available

Technical Analysis: 70+ charts of 12 types, 115 indicators, with news and economic calendar

Overview: Next Generation of CMC Markets provides news feed from Reuters, with video tutorials. Forex traders can set price alerts and close partial positions. 

2.Trading Station

Broker: FXCM

Instruments: Forex/stocks/indices CFDs

Order Types: Market order/pending order/trailing stop

Copy Trading: N/A

Terminal: Mobile/web/desktop

Depth of Market: Available

Technical Analysis: News and economic calendar available

Overview: The time-tested and user-freindly Trading Station provides auto strategy and sentiment analysis features.

3. SaxoTraderGo

Broker: SaxoBank

Instruments: Forex/stocks/commodities/forex futures/ETFs/bonds/funds/options

Order Types: market order/pending order/trailing stop

Copy Trading: N/A

Terminal: Mobile/web

Depth of Market: Available (paid service)

Technical Analysis: News and economic calendar available

Overview: SaxoTraderGo is more suitable for beginners thanks to its powerful technical indicators. It helps traders analyze P/L details, monitor margins for each instrument/market and set price alerts. 

4. JForex

Broker: DukasCopy

Instruments: Forex/energies/cryptos/metals/bonds/indices/stocks/ETFs

Order Types: market order/pending order/trailing stop

Copy Trading: N/A

Terminal: Mobile/web/desktop

Depth of Market: Available

Technical Analysis: 250+ charts and indicators, with news and economic calendar

Overview: JForex offers 500+ instruments where forex traders can set maximum slippage. It allows hedging and scalping, and can sync in real-time when logging in on different devices.

5. easyMarkets

Broker: easyMarkets

Instruments: Stocks/metals/forex/cryptos/indices/commodities

Order Types: market order/pending order

Copy Trading: N/A

Termina: Mobile/web

Depth of Market: N/A

Technical Analysis: News and economic calendar available

Overview: easyMarkets allows deal cancellation, where traders only need to pay for a small amount of fees.With inside viewer and freeze rate, it simplifies trading to the largest extent.