Abstract:The platform provides a high level of customization, the true depth of market, quality liquidity, and trade execution, with each tool being designed with FXOpen’s customers in mind.
FXOpen has announced the availability of its trading platform, TickTrader, on all of its entities spread across the globe.
In 2020, the global forex and CFD broker has previously launched the platform to a part of its client base. The successful trial with the select group has led the broker to open access to every trader at FXOpen.
Gary Thomson, Chief Operating Officer of FXOpen UK, said: FXOpen continues to demonstrate our commitment to providing the latest technological advances and opportunities for successful trading.
“Adding TickTrader to our suite of platforms means our clients can enjoy a completely customisable trading experience with more than 1200 advanced trading tools at their disposal, offering sophisticated data analysis for their trading strategies. We want our traders to be as calm and confident as possible about their trading routine and given how easy the platform is to adopt and use, we believe it meets the needs of every type of trader, from retail to institutional.”
Developed by Soft-FX – a fintech that caters to brokers, crypto exchanges, dealers, banks and funds – the platform provides a high level of customization, the true depth of market, quality liquidity, and trade execution, with each tool being designed with FXOpens customers in mind.
TickTrader features Algo-Studio, which allows advanced users to automate their trading routine with EAs. Its main functions include backtesting with algorithmic trading systems optimization function and customized technical indicators and trading systems development.
Users still attached to MetaTrader might change their minds on account of TickTraders better access to popular order types, including slippage control for market orders and stop orders, IOC, stop-limit, hidden, iceberg, which are not available on neither MT4 nor MT5.
TickTrader also boasts a FIX API, REST API, and WebSockets API, unavailable on the MetaTrader, as well as Trading Terminals server-side alerts.
Advanced order types (IoC, Iceberg, Hidden, Stop-Limit, Slippage Control) are featured, with myriad technical analysis and advanced charting tools.
FinanceFeeds has recently spoken with Natalia Zakharova about the gamification of trading, with some neo brokers making efforts to provide an entertaining experience – including fireworks – for their clients. TickTrader is the antithesis of that. It is meant for serious work, not for blowing up accounts.
The broker offers trading with a total of over 11,000 instruments from 19 markets. It offers an attractive commission structure to lure traders.
The company is expecting the commissions to be between $285 million and $295 million. It added 2.1 million new users in Q4 alone.
Copying transactions on Forex to form your own trading strategy is a cooperation that is beneficial to both sides. The trader receives reliable market signals, and the Strategy Manager receives a percentage of his profit or a fixed subscription rate.
GCMAsia operates as a “marketing affiliate” of Fortrade Ltd – a UK forex broker regulated by the country’s Financial Conduct Authority (FCA). As per Fortrade’s affiliate program site, it offers CPA fees or flexible payment plans, commissions, marketing support, etc.