FXpremium offers three different trading platforms: MT4, MT5 and Guidants. It remains unclear who can use the Guidants platform, as a broker only mentions Metatrader 4 and Metatrader 5 in account descriptions.
FXpremium Metatrader 4 and 5 Platforms
This platform type is probably familiar to many traders as it is popular among brokers. It offers access from the desktop (when installed on the computer), a web browser or a mobile phone. Traders get access to 8 market classes and can trade physical stocks. It has tools for technical and fundamental analysis, as well as one-click trading and SMS alerts integrated on the platform.
FXpremium Metatrader 4 platform is very similar to MT5 platform. The main difference is that it offers 40 languages, instead of 30, and that it works on older computers as well. Both MT4 and MT4 are reputable platforms that are favorites of traders all over the world, however, they require more practice than most proprietary web-based trading platforms. We suggest that you try to find as much as you can about all tools and features available before placing a trade. Just like MT5, this platform doesn’t support social trading tools that tend to be very popular among traders.
FXpremium Guidants Platform
Guidants platform is available only as a web-based platform and mobile trading platform, but it is the only platform that supports social trading tools. It also allows interactive trading, but no one-click trading, chart trading, SMS alerts or EAS. Also, there are no technical indicators, and it is available only in the German language, which means that traders who don’t speak German will have a lot of issues using it.
FXpremium Invest is a feature or to put it correctly, a service that allows traders to try mirror trading. Mirror trading is basically copy trading as you mirror trades and strategies delivered by other traders. You can try FXpremium invest if you follow these steps:
- Open FXpremium Invest profile
- Open FXpremium trading account
- Connect your trading account with Invest profile
- Deposit and follow strategies you prefer
In case you are a successful trader that generates successful strategies you can make up to 20-40% annual yield, but in case you are using strategies developed by others, expect a 25% fee. This is a lot of money, especially for beginners who trade smaller volumes.