CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data. *Availability subject to regulation.
The ActTrader platform is the turnkey Forex trading platform designed by ActTrader LLC. There are several versions of this platform available. These versions are listed below:
A downloadable desktop client. The executable file must be downloaded (2.6MB in size), then used to download the full version of the software (about 6MB in size) while connected to the internet.
A web-based version which runs on JAVA.
A mobile version that runs on the iPhone and iPad.
A version for Android-based devices.
A Windows-based mobile version that runs on Symbian phones.
The variety of versions of ActTrader available for use by traders has served to introduce trading flexibility, as pre-2007 traders were forced to trade from their desktops and laptops.
Depending on the broker with which the user is registered, an email will be sent containing the username and password for login. Users will also be sent a link with which to either download the desktop client, or access the web-based platform. Directions will also be given on how to download the ActTrader app on an iPhone, iPad or Android-based device. For the purpose of this article, the web-based trader will be used for illustration.
The login interface looks as follows:
The web-based version runs on Java and users must have the latest version of the Java software installed on their computer. When successfully logged in, the trading platform will be displayed on the screen.
On the top of the screen, the trader’s account number, trading account balance, equity, usable margin as well as net profit/loss are clearly visible on the screen.
On the left side is the main navigation menu. It has the following buttons:
Trading: for initiating orders
Catalog: this displays all the tradable currencies and instruments on the platform
Options: this enables the trader to trade options
Chart: used to open the currency pair charts
Windows: is used to open pop-ups displaying information such as closed positions, open positions, pending orders, etc.
Layout: can be used to change the layout of the screen
Info: this gives the trader access to live news and the squawk box analyses
Six types of orders can be opened on the ActTrader. These are:
Entry Buy Stop
Entry Sell Stop
Entry Buy Limit
Entry Sell Limit
Click on the “Trading” button at the top left corner of the trading platform screen. This opens up a menu where “Buy” or “Sell” can be selected. Alternatively, click on either “Sell” or “Buy” against the currency to be traded as illustrated below:
Check the boxes marked “Preset Stop” and “Preset Limit” to be able to set stop loss and take profit levels before entering the trade. Change the currency pair from this pop-up by clicking the down arrow on the “Instrument” tab (see screenshot above).
Enter the stop loss and take profit levels as appropriate.
Click on the “OK” button to execute the order.
Click on “Trading” at the top left corner of the screen.
A small pop-up will appear asking if the currency pair is the right one to trade. If yes, click OK. If not, select it from the drop-down menu and click OK.
Then click on any of the pending order types, depending on what you want to do.
In the pop-up that follows, enter the preferred entry price, and set the stop loss and take profit as already described. Then click “OK” when finished.
There are two ways to do this.
Click on Windows > Open Positions to display all open positions.
Right-click on the open position and select “Limit” to adjust the TP, and “Stop” to adjust the stop loss. Once the pop-up opens, adjust the take profit and stop loss levels as preferred.
Alternatively, can click on Trading > Limit or Stop. The pop-up opens to adjust the TP and SL as preferred.
Click on charts > New chart.
Then select the currency pair chart to be opened, and the time frame of the chart. Then click OK. The chart will open.
Enlarge or shrink the charts using the maximise/minimize button on the chart window.
To be able to select indicators on the ActTrader platform, you must have an active chart open.
Open the chart as described above, and maximise it using the appropriate button on the chart window.
Right click on the chart, then click on setup indicators. A pop-up will open.
Scroll through the list of indicators and select one by clicking on it once.
Next, a sequence of arrows will appear: click on the to move the indicator into the “selected indicators” column.
The indicator settings will also appear on the 3rd part of the same pop-up. Adjust the indicator settings as preferred, then click OK.
The indicator will attach to the chart automatically. To remove the indicator at this stage, click the . Then select the correct indicator by going through the process once more.
The chart window also has other function buttons on top; the zoom tools, chart type (bar chart, candlesticks, etc.). Also, a new chart can be opened by clicking the hand figure on the top left of the chart window.
Select the preferred chart, then click on “Chart Window”.
This has been dealt with under “Opening a New Chart”. Go through that process or click the hand figure on the top left of the chart window to select a new time frame. These are the most commonly used functions on the ActTrader platform. 90% of trader activity is centred around these functions.
Forex.com scored best in our review of the top brokers for acttrader , which takes into account 120+ factors across eight categories. Here are some areas where Forex.com scored highly in:
Forex.com offers one way to tradeForex . If you wanted to trade EURUSD
The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.
Forex.com have a AAA trust score . This is largely down to them being regulated by Financial Conduct Authority, segregating client funds, being segregating client funds, being established for over 19
|Regulated by||Financial Conduct Authority|
|Uses tier 1 banks|
|Segregates client funds|
Want to see how Forex.com? We’ve compared their spreads, features, and key information below.
|USD/JPY Spread||0.90||DAX Spread||250.0|
|FTSE 100 Spread||150.0|
|Platform||MT4, Web Trader, NinjaTrader, Tablet & Mobile apps|
|Base currency options||USD, GBP, EUR|
|Funding options||Bank transfer, Cheque, DebitCard,|