Picking the right broker is vastly important for anyone starting out their trading journey. This is because not all brokers are made the same. This means one must do research on a broker’s products, features, services, account conditions, fees, and more. The broker that they finally commit to will have an immense impact on the quality of their trading experience, both good and bad.
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EXANTE’s web trading platform
The EXANTE web platform is there to provide traders with a quick and seamless way to trade directly in their web browser. This means that regardless of where someone goes, they can stay up to date with the market by using EXANTE’s easy-to-use trading tool, which also features powerful charts. Traders no longer need to manually install a program to start trading – they can begin doing so by opening up EXANTE’s terminal in their web browser, whether it be Safari, Opera, Firefox, or Chrome.
Much as its name suggests, the Instruments tab contains all of the financial instruments that are available for traders to use. They are sorted in alphabetical order and also grouped by type. Traders can start by searching for the instrument’s ticker or name in the search bar to narrow down the list. Or they can navigate further to expand the Instrument tree’s nodes.
It is important for traders to remember that options cannot be seen in the Instruments tree by default. As such, they must visit EXANTE’s Settings and toggle the Show Options switch to see them. The loading process may take some time – even up to a few minutes – depending on how fast the connection speed is. If the tree is still updating, traders will see a progress bar right above the search field.
The Chart tools on the EXANTE web platform let traders view their financial data. Additionally, they can choose a chart style, add illustrations or indications, aggregate the data using different time intervals, and set up other options. The ability for traders to display the chart to their friends and peers sets EXANTE apart from its competitors. You may accomplish this by simply copying a URL from the address bar. In addition to the instrument and the timeframe, the shareable link also includes both.
If the other person a trader is sharing their chart with has not registered a trading account with EXANTE, they can share a link to the Demo chart instead. However, traders need to keep in mind that the quotes in the Demo chart are delayed by at least 30 minutes.
Through the Chart, traders have the option to select the desired timeframe, which includes 1, 5, 10, or 15 minutes; 1, 4 or 6 hours; 1 day; 1 week or 1 month.
Time and Sales
The Time and Sales module showcases trade data for a particular instrument at a particular exchange. Every line in the module represents tick-by-tick data provided by the exchange in real time. This includes the trade timestamp, total size, and average price. The most recent trades are put at the top of the module, while the others are arranged in descending order by time.
In case a particular instrument does not have any trade data, EXANTE will instead show a warning sign to let traders know.
Traders can get a real-time quote stream using the Quote Monitor. The Monitor feature allows traders to drag and drop up to 100 instruments, which will make it easier for them to monitor their dynamics. The Quote Monitor gathers all pertinent information for a specific trading session. This information contains the name and description of the instrument, the bid/ask/mid prices and bid/ask sizes, the time of the most recent quotation update, price changes in absolute and percentage terms, and the condition of the quote feed.
Traders can place their orders via EXANTE’s Order panel. They can pick the order type, choose the preferred duration, and desired quantity, as well as fill in the price and stop price. Traders may also want to place a take profit or stop loss order together with the main order in order to help limit their losses or secure any potential profits.
That said, if an order is forbidden, then some restrictions may still wind up applying. For instance, if an instrument does not support Stop orders, traders will not be able to place a Stop Loss order for it.
This is the specific module that offers a list of live limit orders that are sorted by price and grouped by trading side. Because the Market Depth module’s rows are color-coded, traders can see the overall size of the histogram. Additionally, it totals the size of the histogram overall, starting with the best ask and bid prices. The Market Depth tool also enables traders to examine market conditions by identifying price levels and areas of support and resistance.
That said, according to the brokerage firm, they do not aggregate data from multiple exchanges in a single view, therefore allowing traders to compare trading situations on various exchanges.
On account value and available cash, the Margin features offer crucial information. It also shows easy-to-read color-coded margin usage, which distinguishes between funds used for margin (shown in blue) and funds reserved for order margin (shown in grey).