To start trading on Forex, a trader needs to choose 1 out of 3 trading platforms at FxPro:
- classic terminal МТ4;
- its improved version МТ5;
- the broker’s own development- cTrader terminal.
Classic terminals MT4 and МТ5
The Tradersunion website always presents the most reliable information about brokers. So, here, you can learn more about trading tools. Terminal MT4 is one of the most common trading platforms, which is popular among both experienced and new traders. The program has a very simple interface, which can be mastered in a matter of hours.
The main part of the window is occupied by a chart with an asset (you can open from 1 to 4 windows at the same time). There is a menu with the main control buttons on the top panel and a window with assets on the left. The terminal has a set of basic indicators that you can configure according to your choice. It is also possible to install other indicators downloaded from the web. Thanks to this, the trader can create a template with his/her own trading strategy, which can be applied to any asset in one click.
Web versions of MT4 and MT5 terminals
Online versions of these terminals are also available on the FxPro website. The trader clicks on the button enters his/her username and password, after which a window with a terminal opens on the screen (you don’t need to download it). This is especially useful in cases where the user is monitoring the charts from a work computer (as the third-party software can’t be installed on it).
The terminals are also available in mobile versions, which can be downloaded from App Store or Google Play for free. Before installing the application, you need to request a direct link by entering your phone number in a special field on the website.
The program interface looks almost the same as in the PC version, so users won’t have any problems with it. Due to the uninterrupted access to charts, you can constantly monitor the market situation and open positions from any point of the world where there is Internet access.
cTrader- FxPro’s own platform
The company’s specialists have developed their own trading platform, which can be downloaded on PC, as well as Android and Apple devices. The corresponding software can be installed from App Store or Google Play (it’s free). After downloading it, you will see a window with the program. To log into it, you should enter the username and password that you have created during registration.
This program is very similar to МТ4. However, the toolbar is located not at the top, but on the right side of the screen. The user can see all open rates and price changes at the bottom of the screen. On the left side, you will find a window with all assets currently available for trading on Forex.
The main advantage of this program is that, according to the developers, it allows you to open deals without delay, as the data processing takes only a few seconds. This is especially true for the traders engaged in scalping, where even the slightest price fluctuation can change the course of the transaction.