Company

Spread

for EUR/USD

Min.

Deposit

Platforms

Offered

Account

Types

Spread

Type

Funding

Methods

Customer

Support

Execution

Details
CFDs are leveraged products and can result in the loss of your capital. Rankings are influenced by affiliate commissions. All information collected on 1/11/2017.

The Ultimate Guide to

Choosing a Broker
For Protrader

Not sure which broker is right for you?

Don’t worry - we’ve got you covered. In this guide, you’ll learn:

Ready?

Part 1

Why Choose
For Protrader?

scored best in our review of the top brokers for protrader, which takes into account 120+ factors across eight categories. Here are some areas where scored highly in:

  • + years in business
  • Offers + instruments
  • A range of platform inc.
  • 24/7 customer service
  • Tight spreads from pips
  • Used by 0+ traders
  • Offers demo account
  • 0 languages
  • Leverage up to

offers one way to trade: . If you wanted to trade EURUSD through copy trading or other means, skip to part two.

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.

have a trust score, which is . This is largely down to them being regulated by , segregating client funds, being established for over years, and much more. For comparison:

Trust Score comparsion

Trust Score
Year Established
Regulated by
Uses tier 1 banks
Company Type Private Private Private
Segregates client funds

The second thing we look for is the competitiveness of the spreads, and what fees they charge. We've compared these in detail in part three of this guide.

Part 2

Who is (& Isn’t)
Suitable For

As mentioned, allows you to trade in one way: .

Suitable for:

  • Spread Betting
  • CFD Trading
  • Forex Trading
  • Social Trading

Not Suitable for:

To trade with , you'll need a minimum deposit of $. offers a range of different account types for different traders including a , .

Finally, isn't available in the following countries: . They do not offer islamic accounts either.

Part 3

A Comparison of vs. vs.


Want to see how stacks up against and ? We've compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
Fixed Spreads
Variable Spreads
EUR/USD Spread
GBP/USD Spread
USD/CAD Spread
USD/JPY Spread
DAX Spread
FTSE 100 Spread
S&P500 Spread

Comparison of account & trading features

Spread type Fixed
EUR/USD Spread
EUR/GBP Spread
Crude Oil Spread
Gold Spread Private Private Private
DAX Spread

Part 4

The Protrader Trading Platform

Protrader is a trading platform created by financial software developers, PFSOFT, who have been creating trading software solutions since 2003. The Protrader platform is an international, multi-asset, direct market access trading platform, which has been integrated with over 20 different liquidity providers.

Platform Types

The Protrader platform comes in various versions. These versions are as follows:

  1. Protrader desktop and web trader

  2. AlgoStudio

  3. Protrader mobile (android and iOS)

Protrader

Protrader is not just another trading platform. It is an all-encompassing trading application which 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

AlgoStudio is the platform module that Protrader offers its users for the programming and back testing of algorithmic trading strategies. The AlgoStudio programming environment works with the C# programming language. This can be likened to the MQL5 that works for the MT5 platform. Users can perform the following functions:

  • Scripting of strategies

  • Debugging

  • Strategy optimisation

  • Back-testing

  • Forward testing and optimisation

The platform can also generate real time stats on the performance of a strategy.

Protrader - Trading Platform

Protrader – Trading Platform

Protrader Mobile

Protrader also comes in mobile versions, built for tablets and smartphones that run on iOS and Android OS.

Protrader - Mobile Versions

Protrader – Mobile Versions

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.

Protrader - Table Filters

Protrader – Table Filters

Customisable Toolbar

Use the fully-customisable toolbar to create your own platform features.

Protrader - Customise Toolbar

Protrader – Customise Toolbar

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

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.

Protrader - Create Workspaces

Protrader – Create Workspaces

Order Types on Protrader

Various types of orders can be used in different market situations. The order types available on our platform are:

  1. Market Order

A market order is an instruction to the broker to buy or sell a specified asset immediately at the prevailing market price.

  1. Limit Order

Limit orders 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.

  1. Stop Order

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.

  1. Trailing Stop Order

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.

  1. Chart Trading

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

Protrader - Chart Trading

Protrader – Chart Trading

  1. 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

Protrader – Market Depth

  1. Basket Trading

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

Protrader - Saved Orders

Protrader – Saved Orders

  1. Order Management

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

Protrader – Order Management

  1. 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 - Positions

Protrader – Positions

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, offer this technology.


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