The Protrader platform comes in various versions. These versions are as follows:
- Protrader desktop and web trader
- Protrader mobile (android and iOS)
Protrader is not just another trading platform. It is an all-encompassing trading application that combines the power of professional trading tools with a fully customisable user interface. It is a truly advanced professional trading platform that offers numerous tools for technical analysis.
Protrader gives the user access to various markets on a low-latency basis. With Protrader, the following functions can be performed:
- Multi-asset trading
- Market analysis
- Algorithmic strategies development
- Risk management
Protrader also offers the following:
- Multiple market trading and executions all in one platform
- Pricing that is free of conflict of interest
- Ability to hedge trades
- Direct market access
- Ultra-low latency trading facilities
- Low monthly fees for data and news
- Personalised 24-hour trade support with an easy account registration process
AlgoStudio is the platform module that Protrader offers its users for the programming and backtesting of algorithmic trading strategies. The AlgoStudio programming environment works with the C# programming language. Users can perform the following functions:
- Scripting of strategies
- Strategy optimisation
- Forward testing and optimisation
The platform can also generate real-time stats on the performance of a strategy.
Protrader also comes in mobile versions, built for tablets and smartphones that run on iOS and Android OS.
Traders can download these platforms from the app stores Google Play for Android and App Store for iPads and iPhones. With these mobile apps, users can trade from anywhere with an internet connection, on Forex, stocks, CFDs, and futures assets.
The Protrader Interface
You can customise the Protrader interface to suit your personal preferences. Here is what you can customise.
Table Filters and Alerts
You can trim your trading workspace and customise it for quick implementation of your strategy by the use of table filters.
Use the fully-customisable toolbar to create your own platform features.
Colours and Data Appearance
Adjust the colours and appearance of the trading environment to make it as visually appealing as possible. Both light and dark colour schemes are available. Personalise colours, fonts, data displays and charts, then save your preferences.
Protrader - Change Preferences
Create Multiple Workspaces
Create and save the trading environment just as you like it. You can create as many workspaces as desired and click on each to switch from one workspace preference to another.
Order Types on Protrader
Various types of orders can be used in different market situations. The order types available on our platform are:
A market order is an instruction to the broker to buy or sell a specified asset immediately at the prevailing market price.
Limit order are used to buy or sell in the market at predefined price levels which will attract less future cost to the trader. We have buy limit and sell limit orders.
- Buy Limit orders are set below the market price and are intended to get the best possible pricing when the expectation is for prices to fall before they rise.
- Sell Limit orders are placed above the market price so as to get the best pricing for entry when the expectation is for prices to rise before falling.
Stop orders are used commonly to protect against large losses by setting predefined exit positions. Stop losses are placed above market sell orders and below market buy orders.
A trailing stop order is a type of stop order which has a trigger price that follows the market price when it is advancing in the direction of the trade order and remains unchanged when prices start to retreat against the position. This order is used to lock in gains on a trade.
Tools for Trading on Protrader
What are some of the tools that traders will find interesting on Protrader? Some of the important ones are described below.
Chart trading enables the trader to send orders with one click of the mouse button. Position your computer mouse on the price level you want to buy or sell at, then click to use any of the order buttons:
- limit or stop order
- market orders
- Market Depth - Quick Buttons
You can profit from quick market opportunities with the one-click function. This is done directly from the market depth area. By using special buttons with customisable pips increments, this process reduces the time it takes to set your order prices, enabling you to respond quicker to trading opportunities.
Protrader - Market Depth
Users can save certain order characteristics into a basket and call them up whenever they are needed. With basket trading, it is possible to:
- Predefine order sets, then execute them all at once using a single click
- Open positions on several assets at the same time
- Save sets of orders that have been arranged and customised in the basket to be accessed later when needed
- Allocate lot sizes for all orders easily
There are several hit buttons to achieve easier management of orders. It is possible to:
- Cancel orders by type, side, TIF, P/L or selected ones
- Modify any order
Protrader - Order Management
- Quick Position Management
Monitor and manage all open positions using the hot buttons from a single interface. It is possible to close positions, reverse positions, and cancel orders using the CLX button.
Protrader Multi Connect (PTMC)
PTMC is based on the Protrader technology, but is an easy solution for brokers to integrate with their systems via APIs. Currently, regulated broker FXCM, offers this technology.
BrokerNotes.co 2023 Overall Rankings
To recap, here are our top forex brokers for 2023, sorted by Overall ranking.
Popular Forex Reviews
At BrokerNotes.co, our data-driven reviews of online brokers are based on our own extensive testing of each broker's products and services as well as the qualified observations of our expert editorial team. In conjunction with our sister site, ForexBrokers.com, we’ve published well over 100,000 words of research and collected thousands of data points across hundreds of variables. Our in-depth trading guides are created with the same rigorous, data-driven approach.
Our proprietary Trust Score rating system tracks data from over 100 regulatory jurisdictions to help forex traders understand the regulatory status of their forex broker and choose a broker that they can trust.
Our editorial team is led by Steven Hatzakis, an industry veteran with decades of experience and a deep understanding of the forex market. Our team conducts thorough testing on a wide range of brokers, platforms, products, technologies, third-party trading tools, and mobile apps. We also test for the availability of high-quality educational content, actionable market research resources, and the accessibility and capabilities of mobile platforms. All of our ratings and rankings are based on the collection and validation of thousands of data points and our in-depth product testing.
Part of our testing process involves in-depth research into commissions and fees. We dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads (we always strive to determine the average spreads for each broker to better serve our readers), and a variety of other fee-based data points.
When testing mobile apps or mobile products, we test on both Apple and Android devices. For Apple, we test with the iPhone XS running iOS 16, and for Android we use the Samsung Galaxy S9+ and Samsung Galaxy S20 Ultra devices running Android OS 13.
All of the content on BrokerNotes.co is researched, fact-checked, and edited by members of our editorial team. Our ratings and rankings are driven by our independent data collection. We may use generative AI tools to assist in some of the rote aspects of our content production processes, but the substance of our content, as well as our opinions and evaluations are based on our extensive research and product testing. Read our Generative AI policy to learn more.
Our rigorous data validation process provides our readers with quality data they can trust. Click here to learn more about how we test.
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.
About the Editorial Team