Mac operating system is used everywhere, and yet when it is about the trading arena, Mac users may feel left out. The reason behind it is that most of the trading platforms and software are built keeping in mind the Windows Operating System. As a result, Mac users have to opt for the limited options available for forex like PlayOnMac. This application allows users to download and install trading software made for Windows, but as it is not a trading software for mac, it comes with shortcomings, and in trading, such things are better to be avoided.
The good news is that the time has changed with more brokers providing forex platforms for mac users. The usage is simple here as brokers’ options are based on the browser, so a mac user can access the trading platform using a web browser like Safari, Chrome, Firefox, etc. But not all brokers have adapted to this change, which can prove challenging for Mac users.
The Best Forex Trading Software For Mac is the Metatrader platform. Mac users use as well Plus500 WebTrader Platform, AvaTrade, MetaTrader eToro OpenBook, Core Spreads CoreTrader, LCG Trader, Pepperstone’s cTrader, and much more.
1. Plus500 WebTrader Platform
This platform is one of the best trading platforms for mac users. The use of the Plus500 WebTrader Platform is easy. All you have to do is enter your client details and log in using any browser like Safari, Chrome, or Firefox. There is a vast range of trading options available for trading, including stocks, commodities, currencies, indices, etc.
Mac users can also download their app and can trade at their fingertips with ease. The Plus500 WebTrader platform also provides Apple Watch App to stay updated with the latest trends and changes.
At present, the platform has around 1,55,000 users; the broker is also regulated under the FCA (Financial Conduct Authority), CySEC, and ASIC. As a mac trader, you can also check their facilities to know if this platform suits them.
2. AvaTrade Platform for Mac Users
Well, the second on our list is AvaTrade, which is an Irish broker. It is regulated by many organizations like the Central Bank of Ireland, Financial Futures Association of Japan, ASIC, the Financial Services Board of South Africa, etc.
More than 250 financial tools and instruments are available for clients, along with the facility, to update clients for real time news and global events. They also have a Mac Trading platform making this broker the best forex platform for mac users.
AvaTrade is also the best forex charting software for mac as it is very flexible in providing chart data of various financial instruments like equities, forex, bonds, and commodities.
3. Core Spreads CoreTrader
The spread betting platform from Core Spreads’ help you trade online by using a web browser. It is also a prevalent best forex charting software for mac.
With its various strategies, the system can monitor the markets and decide good entry and exit points. You can also automate the process. With its affordable pricing and firm regulatory hold by the FCA in place, it is undoubtedly one of the strongest competitors in the market.
4. eToro OpenBook
When it comes to the best forex for mac, the name of eToro OpenBooks never fails to come. It is one of the very prevalent forex platforms for mac with more than 40 00,000 users.
You can access their custom OpenBook through your web browser. The good thing about this platform is that it lets you stay connected with other traders, helping you build the community of traders and learn. The app was created by Yoni Assia (Founder of The Network) to spread the word about trading to novice traders.
5. London Capital Group (LCG Trader)
You can trade 7 asset classes by using the LCG trader. You can access this best trading platform for mac through your browser. You also get access to professional data and charts on this platform. Their software provides more than 5000 trading instruments. Though a lot of its price analyzing technologies can be accessed only through the London Capital Group.
6. Pepperstone’s cTrader
Pepperstone is quite famous when it comes to charts and execution. Their platform cTrader was built to be utilized with ECN brokers. Mac technical traders whose trades are based on various indicators are definitely the best forex platform for mac.
7. MT4’s JForex
If you are a pro in technical analysis, MT4’s JForex is the right match for you. You can use your programming skills and automate your trading with your trading strategies by implementing Java. The Dukascopy group has built this amazing platform.
Using this platform, you would get around 180 indicators, in-depth market analysis, historical data, and much more. As the interface is apt to Java, any experienced programmer would find it very easy to use. All these qualities make MT4’s JForex one of the best trading platforms for mac.
8. IG Web Platform
With so many features that IG Web offers, it is more like a forex partner than a platform. Using this platform, you can have solid interfaces of spreads and manage it like 0.08 pips on their platform. IG is also one of the renowned and oldest mac trading platforms for forex.
Markets.com is also on our list of the best forex trading platforms for mac. They have a very user-friendly interface, whether you are a beginner or a pro. You can also have the leverage of up to 200 times your capital. Markets.com also provides its users with a mobile app to stay updated with the news. You can get many transfer options on their website.
10. MetaTrader 4
MetaTrader 4 is a very famous forex trading platform for mac computers. There are a few questions that arise as it is software and needs to be installed on Mac. So, let’s get into it.
How to Download MT4 on Mac?
To download MetaTrader 4 on your Mac, you have to use an open-source software named Wine. (Please note that using Wine can sometimes create disruptions as it is not considered a totally stable application.)
How to Install It on Your Mac Device?
After downloading the application, it’s time to install it, and for that, you have to use another third-party app named PlayOnMac. This is a Wine-based app and works as an emulator. It lets you download this Windows-based app on your Mac device with ease. Just follow the stated steps.
- Download PlayOnMac original and the latest version from its official website and launch it.
- Follow the instructions given on your screen. Please note that you might be required to download or install XQuartz software to run it.
- After installing PlayOnMac, download the installer file of MT4, which is – mt4setup.exe.
- After downloading, all you have to do is launch the app, and PlayonMac would look after the rest of the installation procedure.
- Open the app, and run the MT4 client. (You will see a client terminal icon on the launch window of PlayOnMac.)
You would get all the MT4 features of Windows on your Mac by following this procedure. The only shortcoming here is that you may find some scripts for EAs (Expert Advisors) not working smoothly.
You can also check the user manual of the MT4 app on your navigation screen under the Help -> Help Topics. The best part is that you can change the language, too.
How to Trade Using MT4 on Mac?
Once you download MT4, all you require is to enter your login credentials and server details as given by the broker at the time of registration. The second step would be to deposit the funds so that you can trade on various financial markets. Voila, you are life and ready to trade. Now, whenever you want to trade, you just have to log in with your details.
How can You Access the Trading Report on Mac?
Kindly follow the steps mentioned below and download your trading reports on your Mac device.
- Go to the “Account History Tab” shown on the lower side of your terminal menu.
- Use the right-click and open the drop-down list.
- Select the “Save as Report” option, and you have downloaded it.
The list is not exhaustive, but the listed platform are some of the popular options available in the market for trading forex on Mac. By doing your own research and trying a few of them, you can opt for the platform built for your needs and skills. All the best!