Gain an edge on your FX trades with IG’s integrated platform

·5-min read
PHOTO: Getty Images
PHOTO: Getty Images

Although the COVID-19 pandemic has caused more traders to become acutely aware of their risks, there are innovative tools for them to leverage on as they navigate and find opportunities amid volatile market situations. Algorithmic trading, in particular, has been transformative in the way that it uses automation to identify profitable trades by executing predetermined strategies around the clock. On top of taking human error and emotion out of the equation, traders are able to analyse historical data when setting their own criteria, auto-hedge against risks, and enter or exit markets in the right quantities and prices – even while they are asleep.

Integrating into one platform

For traders looking to gain even more of a competitive edge on their FX trades, IG’s cutting-edge integrated platform brings together the best advanced software in the market to allow for greater control of their dealings. Featuring award-winning solutions like ProRealTime and MetaTrader 4 to enable fast and efficient trading on a user-friendly interface, the platform is widely used by professional and experienced traders to give them the added advantages of better pricing, efficient execution, and enhanced security. As one of the only brokers worldwide to offer an innovative integrated platform like it, IG also provides dedicated 24-hour support.

Built-in access to advanced third-party software

When it comes to algorithmic trading, there is no one-size-fits-all approach that can meet the needs of every trader. Although there are many tried-and-tested strategies out there, such as statistics-led trading, auto-hedging, and high-frequency trading, the ability to create and customise existing ones is crucial for traders looking to capitalise on opportunities on-the-go. To do so, they would require access to the right algorithmic trading software at their fingertips, which IG’s platform offers by integrating two leading third-party solutions: MetaTrader 4 and ProRealTime.

Benefits of MetaTrader 4 (MT4)

As one of the most popular trading platforms in the world with over 14 years of experience serving millions of professionals, MT4 makes a wide range of tools designed for trade analysis, automation and customisation available at your fingertips. The benefits of trading on MT4 include:

  • 24/7 support from specialists

  • Access to thousands of markets globally

  • On-the-go fund deposits, transfers and withdrawal, even on your mobile device

  • Significantly reduced missed opportunities with 99%+ server uptime and no third-party bridges

  • Low costs at an average spread of 0.86 points

To get acquainted with using MT4, IG has set up a comprehensive step-by-step guide that you can follow, along with the opportunity to set up a demo account to familiarise yourself with its features before using real money to trade. If you would like to get started on it right away, please click here.

PHOTO: Getty Images
PHOTO: Getty Images

Benefits of ProRealTime

Endorsed by traders around the world, ProRealTime is a leading online charting software for advanced technical analysis. It is suitable for experienced traders looking to fully customise their trading experience, even if it entails coding algorithms from scratch. The benefits of trading on ProRealTime include:

  • Access to over 100 pre-set indicators

  • Improved user interface for filtering options by expiration date and strike price

  • The ability to build algorithms for execution 24/7

  • Backtesting of strategies from historical data

  • Access to a wide range of timeframes on a selection of charts

  • The flexibility to place orders according to trend lines, instead of just on price movements

As an IG client, you are welcome to use the ProRealTime charts for free in your first month and, subsequently too, if you trade at least four times a month. Find out how you can use ProRealTime by following IG’s launch instructions or click here to apply for an IG account right away.

As the world continues to be impacted by challenges and uncertainties, algorithmic trading has never been more vital for traders looking to have the upper hand in a volatile global marketplace. By making algorithms work for you through an integrated platform that harnesses the power of advanced software 24 hours a day, you can rest assured knowing that no opportunity will be missed. With over 45 years of experience in the trading space and more than 239,000 clients across the globe, IG knows what it takes to seize and capitalise on opportunities to be at the forefront of the market. Find out how IG’s award-winning services and integrated platform can gain you an edge today.

This article was written in partnership with IG.

Please be aware that all forms of investments carry risks, including the risk of losing all of the invested amount. Such activities may not be suitable for everyone. We encourage our investors to invest carefully. All information provided in this article is on an "as is" basis, and is purely for information purposes. It is not intended for trading purposes or financial advice. Neither we nor any of our partners is liable for any informational errors, incompleteness, delays or for any actions taken in reliance on information contained in this article.

All views expressed in the article are the independent opinion of Yahoo and do not in any way reflect the views, opinions, or endorsements of Bermuda under No. 54814. (“IG”).

IG provides an execution-only service. The information in this article is for informational and educational purposes only and does not constitute (and should not be construed as containing) any form of financial or investment advice or an investment recommendation or an offer of or solicitation to invest or transact in any financial instrument. Nor does the information take into account the investment objective, financial situation or particular need of any person. Where in doubt, you should seek advice from an independent financial adviser regarding the suitability of your investment, under a separate arrangement, as you deem fit.

CFD Accounts provided by IG International Limited. IG International Limited is licensed to conduct investment business and digital asset business by the Bermuda Monetary Authority.

No responsibility is accepted by IG for any loss or damage arising in any way (including due to negligence) from anyone acting or refraining from acting as a result of the information. All forms of investment carry risks. Trading in leveraged products such as CFDs carry risks and may not be suitable for everyone. Losses can exceed deposits.