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Forex.com Introduces TRADE: A Must-Try CFD Trading Platform

Oct 23 2012
By
Forexbrokerz.com

Forex.com, one of the biggest forex brokers worldwide, is starting a new CFD trading platform named TRADE. It will offer traders access to a large number of forex, commodity and index markets and promises permanently fixed spreads and instant trade execution at the announced price. Translated into traders’ lingo this means one thing: absolute price certainty, no matter what the market conditions are. 

 
It seems that Gain Capital, the company behind Forex.com, is determined to diversifying its business: less than a couple of months ago, it finalized the acquisition of the online futures broker Open E Cry, LLC (OEC). 
 
The TRADE platform is already available for preview here and I had a chance to toggle it a bit. At a first glance it seems intuitive and user-friendly enough for a newbie to find their way around. It has a neat built-in economic calendar and placing an order is simplified yet comprehensive. 
 
The platform also comes equipped with the Market DNA tool, which helps the customers easily find trades even if they are not familiar with charting and technical analysis. In it's nature, Market DNA is a candlestick pattern matching utility: it takes a candlestick pattern, uses a complex matching algorithm to search for the pattern within chart data and alerts you when the pattern forms in the future. Along with that, you can interact with the charts - for example, you can highlight a pattern you are interested in and then you'll be able to see how often if appears and what other charts it shows up on. Pre-built patterns are available as well. 
 
Another useful tool is the Strategy Builder with back-testing capabilities that we have seen featured in the other Forex.com platforms such as Forex Trader PRO. It works on a drag&drop basis and there is no coding involved – another feature suitable even for beginners. 
 
What I like the most about TRADE is the Heat Map: a grid that displays trading instruments depending on the changes in their prices – grey areas indicate no price movement, red show decrease in the price, and green is used to pinpoint instruments whose price is going up. This tool is extremely useful for times of low market volatility when brokers’ trading volumes usually drop significantly; the heat map then shows to traders the most attractive instruments. 
 
 
Amongst the other features of TRADE are multiple order types, wide range of markets, trade sizes starting from 10p per point, and flexible leverage of up to 1:400. 
 
“TRADE represents a new approach for FOREX.com in servicing traders who want improved access to the trading opportunities of a wide range of global markets. This launch is an exciting first step in a program to deliver a world-class FX and CFD trading experience that will include multiple new asset classes, unique ways to trade these markets, and innovative ways to engage with the wider trading community through social and community tools.” said Glenn Stevens, chief executive officer, GAIN Capital.
 
Lex Webster, head of retail product development, added: “TRADE is all about bringing competitive, transparent pricing together with innovative tools and information that will help clients identify new trading opportunities. We believe that what retail traders want is certainty and transparency, so that’s exactly what TRADE offers – permanently fixed spreads with no small print”.
The new TRADE platform will be available in browser-based, Android and iPhone versions. A trading community within the platform is expected to launch soon as well. 
 
The only downside of the TRADE platform is the fact that it is build on Microsoft Silverlight, and that it is not compatible with all web browsers (the platform doesn't load under Internet Explorer). 
 

About GAIN Capital

GAIN Capital Holdings, Inc. (NYSE:GCAP) is a global provider of online trading services. GAIN’s innovative trading technology provides market access and highly automated trade execution services across multiple asset classes, including foreign exchange (forex or FX), contracts for difference (CFDs) and exchange-based products, to a diverse client base of retail and institutional investors.

 
Through our retail brand, FOREX.com, we provide retail traders around the world with access to a variety of global OTC financial markets, including forex, precious metals and CFDs on commodities and indices. 
 
GAIN Capital also operates GTX, a fully independent FX ECN for hedge funds and institutions; Open eCry (OEC), an innovative online futures broker; and GAIN Securities, Inc. (member FINRA/SIPC) a licensed U.S. broker-dealer.
 
GAIN Capital and its affiliates have offices in New York City; Bedminster, New Jersey; London; Sydney; Hong Kong; Tokyo; Singapore; Beijing and Seoul.
TAGS: Gain Capital  Forex.com  CFD  trading strategy  strategy backtesting 

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