7 Best Currency Arbitrage Trading Platforms: 2024

Last updated on September 21st, 2024 at 07:03 am

The currency market or foreign exchange market is full of different opportunities and different trading strategies. Arbitrage trading helps traders profit from the temporary market inefficiencies that cause mispricing of similar assets within different markets or with different brokers. The method certainly has a high level of risk. This form of trading helps quickly correct the temporary inefficiencies in prices, bringing them back in a line across the different financial market or various other forms of the same financial instrument or asset. Use the best currency arbitrage software tools to benefit from such opportunities.

Why use the Best Currency Arbitrage Software Tools?

The short-term imbalances provide opportunities for arbitrage trading and perfectly present a trader with the possibility of performing buy-sell trades simultaneously. These traders lock in a profit. For example, in the Forex market, there is a possibility of minimal temporary discrepancy between the exchange rate. This can empower traders to profit from simultaneously selling and buying. However, these opportunities exist for a very short time for traders, and it is extremely time-consuming to perform these calculations on your own. So, traders have to fall back on sophisticated currency arbitrage software which can quickly defend and calculate these arbitrage opportunities.

7 Best Currency Arbitrage Trading Platforms: 2023

Here is a list of some of the best currency arbitrage trading platforms that can generate an ongoing profit for your investments. 

1. Bitsgap: Best Cryptocurrency Arbitrage Trading Paltform

From powerful trading bots to smart orders, Bitsgap gives you an advantage in the fast-changing world of crypto trading. This is one of the most secure platforms that does not have access to your exchange account and cannot withdraw your funds. Their servers are located close to popular exchanges to ensure stable and fast order execution. 

Features:

• Profit from every market move 24/7, with fully automated trading bots.
• Set up effective back-tested GRID and DCA strategies in a few minutes or build your custom strategies.
• Execute your trading strategy with a set of powerful algorithmic orders.
• Control your risk/reward ratio with tools your exchange doesn’t offer like Stop Loss, Take Profit, Trailing Take Profit, and OCO for all your Limit, Market, Stop, Stop Limit, TWAP, and Scaled orders.
• Instantly switch between exchanges in an easy-to-use unified interface and trade without limits with our advanced tools.

2. Forex.com: Best Currency Arbitrage Trading Platform

Forex.com’s suite of powerful trading platforms was designed to meet the demanding needs of currency traders looking for maximum performance, flexibility, and speed. It provides you with three powerful ways to trade. Their advanced trading capabilities are built for serious traders that demand sophisticated trading features and analytic tools in one powerful package. Their web trading is optimized to deliver high performance, reliability, and speed across all browsers. Their mobile trading makes sure that you never miss a market move.

Features:

• Trade over 500 markets including equities, indices, FX and commodities on the new and improved MT5.
• Maximize your potential with straightforward pricing choices to suit your trading style.
• Earn rebates and one-on-one professional support when you qualify for their Active Trader program.

3. Capital.com: Best Currency Arbitrage Trading Platform

With Capital.com, you can trade CFDs on a wide variety of the world’s most popular currency pairs. You can follow the major economic announcements on Capital.com’s economic calendar and take advantage of the volatile FX market that doesn’t sleep. It helps you trade forex with leverage.

Features:

• Intuitive and easy-to-use interface
• Regular live updates and price alerts.
• Tech indicators, analytics tools, and advanced charts.
• Hedging mode and risk management tools.
• Start trading with as little as $100 to control a position of $3000.
• Trade 24/6 on a wide range of Forex.
• You can easily define Stops and Limits to request positions to close at a specified price.
• Set up price alerts to be informed of big moves.

4. eToro: Best Currency Arbitrage and Trading Software

eToro is the social investing platform that lets you invest in assets  and connect with people from all over the world. eToro provides innovation, regulation, and customized for all of your trading needs.CFD trading on eToro offers many options to traders which would not be possible with traditional investing.

Features:

• Apply leverage and gain greater exposure with less capital.
• Take advantage of all market movements
• Trade a variety of markets and assets.

5. Admiralmarkets: Best Currency Arbitrage Trading Paltform

Admiralmarkets is an award-winning, regulated broker that will give you access to over 40 CFDs on currency pairs, 24 hours a day, five days a week. It allows you to enjoy tight spreads, fast deposits and withdrawals, and trade via the world’s most popular platform, MetaTrader 5 or directly in your browser via WebTrader!

Features:

• It provides competitive leverage rates of upto 1:500 depending on instrument. 
• They are Regulated and are a well-established global firm, regulated by many financial authorities. 
• They speak your language and are at your service in 20+ countries all around the globe. 
• There is reduced market risk and they keep your account from sliding to a negative amount.

Roundup

Choosing the best currency arbitrage software tool can be a very complicated process and sorting through the large number of programs the internet offers can be very time-consuming. Find the best currency arbitrage software tools listed above and achieve exactly what you want in currency arbitrage.