PepperstoneVisit Pepperstone74-89% of retail investor accounts lose money when trading CFDs
Saxo BankVisit Saxo Bank72% of retail investor accounts lose money
FxProVisit FxPro72.87% of retail investor accounts lose money
eToroVisit eToro77% of retail investor accounts lose money
OandaVisit OandaCFDs are not available to residents in the United States
A MAC forex trading platform refers to a forex (Foreign Exchange) brokerage firm that provides traders with a platform designed specifically for macOS (the operating system used by Apple’s Mac computers) to engage in foreign exchange trading.
The significantly smaller array of third-party programs and applications available for Apple’s computers has been one of the most glaring shortcomings of the MacOS operating system for years. This trend has changed in recent years, however, and today, there is little difference between the roster of apps for Windows and MacOS.
Some of the leading forex brokers have developed Macintosh platforms for forex traders with MacBooks or iMacs. They’re also available to use in-browser, so even if your preferred platform can’t be run natively on MacOS, you’re likely to still use it on your computer via Safari or another internet browser of your choice.
If you’re just starting out in forex trading, or are looking to switch platforms, and the Mac will be your primary device from which you’ll make your trades, you’ve come to the right place. Our comprehensive review of the best forex trading platforms for Mac will help you find a forex broker that suits your needs and preferences.
Take a look at this quick rundown of our selected best Mac trading platforms. All of them offer a smooth trading experience on Apple’s computers, and what it really comes down to are the criteria usually used to determine the quality of a trading platform, regardless of the device it is used on.
|Broker||Minimum deposit||Tradable assets||Forex Spreads||Spread betting|
|Pepperstone||$200||200+||From 0 pips||Yes|
|Saxo Bank||$500||32,000+||From 0.3 pips||Yes|
|FxPro||£100||400+||From 0.1 pips||Yes|
|eToro||£50||950+||From 1 pip||No|
|Oanda||No minimum||150+||From 0.8 pips||Yes|
On top of using our usual review criteria that help us determine whether or not an online brokerage platform is worth your time and money, we also took into account the way these platforms perform on MacOS. This entails the overall performance on the system, but also things such as integration across other platforms, and user experience and interface. You’re still going to see the usual key trading information here, but the Mac performance is our leading criterion in this case.
Our performance assessment was based on ease-of-use, number of bugs encountered, fluidity in switching between different windows and views, as well as customizability and accessibility features.
Finally, it’s important to note that our review is not a ranking of the best Mac trading platforms. The online brokers listed here are not organized in a particular order, and they’ve all performed well for us after thorough testing. Treat this review as a collection of five forex trading platforms that are great for MacOS, and use the information we provided to choose the one for you in accordance with your needs and preferences.
What are the best forex trading platforms for MAC?
Below our curated list of the best trading platforms for Mac users interested in Forex and CFD trading, with details of features and characteristics.
Are MAC trading platforms better than Windows ones?
Trading on a MAC or a Windows PC is essentially the same thing. The difference isn’t in the OS but rather in the platform and its features.
Forex brokers have made it convenient for traders by allowing them to trade on both MAC and Windows without any differentiation between the two operating systems. Whether you’re using MAC or Windows, you can expect the same user experience, features, and functionalities.
This parity also extends to third-party trading platforms like MetaTrader or cTrader. Both these platforms are available for Windows (in .exe format) and for MAC (usually in .dmg format). So, regardless of your OS preference, you have access to the same quality platforms.
If you’re a MAC user who’s hesitant about downloading and installing a forex trading platform, there’s always the option to use the webtrader platform, which runs directly on Safari. This gives you the flexibility to trade without having to worry about system compatibility.
What forex trading software is available for MAC users?
Among the most popular MAC forex trading platforms and softwares there are MT4, MT5, and cTrader.
If your primary interest lies in forex market and forex trading, the MT4 software is arguably the best choice. It stands out for its flexibility and boasts the largest community of forex traders. This vast community means more shared resources, expert advisors, and guidance available for traders.
However, if you have an interest in trading derivatives beyond forex, MT5 would be more suitable. It’s designed to cater to a broader range of financial instruments, including cryptocurrency, futures, and options trading.
For traders who prioritize swift execution, especially scalpers, cTrader is the ideal choice. It offers quick and seamless trading execution, making it a favorite among these categories of traders.
Is the MetaTrader trading platform easy to install on MAC?
MetaTrader, both MT4 and MT5, has become more MAC-friendly over the years.
MAC users can now easily install the MetaTrader platform by directly downloading the installation file from their chosen broker’s website.
There was a time when installing the MetaTrader trading platform on a MAC was a more complex process. Originally, the provided file was in .exe format, which was primarily compatible with Windows. To run this on a MAC, traders needed third-party services and software to convert the .exe file into a format readable by the Apple operating system.
Thankfully, the times have changed. Brokers, recognizing the growing number of the MAC forex traders community, now offer several MAC-specific solutions. This shift ensures a smoother and more direct installation process for MAC users, allowing them to get started with their trading endeavors without unnecessary hassles.
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