Prop trading firms provide capital to the traders, which they use to generate profit. On the other hand, online platforms help traders take the required actions on the capital by using their trading strategies. Together, the three parties can generate massive volumes of profit and be successful individually. Numerous online trading platforms work in the market, and every prop firm is associated with a specific online platform. The three most sought-after online trading platforms are Matchtrader, TradeLocker and cTrader.
This article will discuss these three platforms and decide which offers the best possible services.
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Match Trader
MatchTrader is one of the most famous online trading platforms available for traders. Numerous prop trading firms associate with it owing to the extended features it offers. The user interface of this platform is straightforward. It’s so simple that even a newbie trader can use it easily. However, expert traders find it very generic, with minimal customization.
Another amazing feature of this trading platform is that it supports numerous trading instruments. This means traders can use stocks, commodities, and forex to trade. This expands the individual traders' trading horizons, allowing them to make trades in numerous trading instruments simultaneously. However, this requires the highest level of dedication and expertise to make profitable trades.
The charting tools available on MatchTrader are relatively simple. For export traders, they are a blessing as they don’t have to deal with the complex features of advanced charts. On the other hand, expert traders find them way too introductory for their advanced actions. The execution speed, however, is breakneck. The traders never complain about any lag that may have affected their decision implementation.
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TradeLocker
Next, we have TradeLocker, which is also a user-friendly platform. It is designed specifically for newbie traders without any extensive experience in the trading world. The interface is super simple and easy to manage. Like MatchTrader, it also supports various trading instruments, including forex, crypto and stocks. As far as it’s about the charting features, they are not very advanced. Hence, aspiring traders can quickly consult them to make informed decisions.
For advanced traders, using this platform is a good option. One thing you must know is that this platform is dependent on brokerage integration. Hence, though the execution speed is primarily quick, brokerage integration sometimes causes some lag.
This platform showcases advanced technical indicators that work great for export traders. Individuals in the field have understood the importance of quick decision-making and profit generation through swift actions for a long time. This platform's advanced charting feature allows readers to make fast decisions and opt for automated strategies.
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cTrader
What sets cTrader apart from the other two trading platforms is its highly intuitive user interface that showcases customized layouts. It is equally beneficial for new traders and exporters. In addition to the advanced charting tools, this online platform has some impressive drawing tools that let the traders do their homework before making the final decision. As these tools are always on display, going back to the data and making the appropriate decisions gets efficient.
Online reviews of this trading platform rave about its fast execution speed. The traders, be they new or old, always mention how easy it is to make quick decisions through this platform, which helps generate massive profits.
This platform categorizes data in various forms and manners. This lets the traders make informed decisions through historical data integration. For advanced traders, this is an excellent opportunity to use automated trading systems and reduce the time they can make massive profits.
Final Thoughts
While choosing a prop trading firm, traders need to ensure the online platform they use connects with the feature they seek. This detailed research will take some time but will be highly beneficial for the trader as it will set his future track correctly. Where MatchTrader works best for aspiring traders and those still in the learning phase, TraderLocker provides flexible customer support that is highly beneficial for them. For advanced traders, there is no choice better than cTrader as it offers advanced algorithmic data and extensive support. As all of these work with varied commodities, traders can use these platforms for all kinds of trades as per their likings!