FOREXTrader PRO is one of the main platforms offered at Forex.com. It can be customized so traders can optimize their profits.
It is available via web, download and full suite of mobile solutions including iPhone, iPad. It is also accessible to Mac users. Traders can select 50 currencies, commodities and CFDs, and metals.
Forex.com - FOREXTrader PRO Platform
The Strategy Center provides access to 15 customizable pre-defined trading strategies as well as the opportunity to build strategies using the Strategy Wizard. The Strategy Center includes the ability to back test strategies against historical data and activate them to generate buy and sell signals in real time.
FOREXTrader PRO offers advanced charting facilities allowing traders to “take action quickly and with precision”, which is not an idle boast. Traders can trade directly from the chart they are analyzing, by dragging lines with a click of the mouse to edit orders and manage trades at great speed, moving as fast as the market. Additionally, preset indicators can be customized to suit a trader’s individual needs and trading style. Expert analysis is offered by Forex.com with the aim of empowering traders to keep up with key market-driving information, including integrated insights and trade ideas.
In addition to this Forex.com proprietary platform, traders can opt to choose to trade using MetaTrader4 which offers over 77 Forex and CFD markets. Traders can take advantage of other integrated features including streaming news, extensive technical research from Trading Central and in-house analysts as well as pattern recognition software from Autochartist, an independent research provider.
The MetaTrader 4 platform supports several order types including market orders, limited orders, One Cancels Other (OCO's), If / Then, trailing stops, and stop orders. Given the choice of making the ForexTrader vs MetaTrader4 decision, it should be noted that the latter is used primarily for Forex and CFD trades. Despite its age, Metatrader 4 arguably the gold standard of Forex trading platforms, with many successful traders claiming it has never been bettered for straightforward retail trading use, although significant criticisms remain regarding its ability to back test strategies, as well as certain issues which can delay execution speed as orders are bridged through to broker back offices.
Autochartist is also available for use on FXTraderPRO and is a very useful program for all Forex.com platforms. Autochartist automatically detects emerging chart patterns and trade ideas in the Forex, index and commodity markets by continuously scanning markets during trading hours.
When it comes to trade execution, the instant Execution Mode is designed for use in combination with the one-click dealing feature. When Instant Execution mode is enabled, market orders will only be executed at the requested rate or within a user-specified deviation. Traders can define their own price tolerance and receive 5 digit pricing.
FOREXTrader PRO provides updated Reuters news and offers extensive research and analysis. Margins are available up to 200:1 on CFDs and up to 400:1 on FX.
An account summary bar in the lower left corner of the trading platform window displays Required Margin and Available Margin, updated in real-time. Available Margin represents the difference between the Tradable Balance and the Margin Utilized.
Review info: FOREX
Review Date: 2017-07-11
Rating : 4.5
Reviewed By : Sara Patterson (Google+)