CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 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.
Platform Types
The Protrader platform comes in various versions. These versions are as follows:
- Protrader desktop and web trader
- AlgoStudio
- Protrader mobile (android and iOS)
Protrader
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
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
- Debugging
- Strategy optimisation
- Back-testing
- Forward testing and optimisation
The platform can also generate real-time stats on the performance of a strategy.
Protrader Mobile
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.
Customisable Toolbar
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 2025 Overall Rankings
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At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.
Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).
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
Founded in 2014 and acquired in 2021, BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. With over 60 brokers reviewed, our editorial team has published thousands of words of research to help our readers make informed choices.
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