Proprietary trading, or prop trading, is one of the financial service industry’s latest and most popular product offerings. The reason why it is so sought-after is because it offers talented and capable traders fully funded accounts. Although it might sound too good to be true, it is actually based on mutual benefit; when your trades are successful, you will receive the majority of the profits (since you did the work, analysis, and trades), and the broker will receive the remainder.
Of course, the trader has to prove their ability through trading challenges, which set various thresholds that must be met. These include a minimum number of trading days, maximum daily loss, maximum overall loss, and overall profit target. There are various levels of funded accounts, $10K, $25K, $50K, $100K, and $200K, so you can control more capital as your skills increase. TradingPLUS not only offers trading challenges at very low fees, but it also fully refunds them at the funded level.
An Advanced Trading Platform
TradingPLUS offers its clients a trading and analysis powerhouse based on a stable and proven architecture. It is not without reason; it is also the industry’s number one platform. Metatrader 5 offers a huge list of features that give traders the ability to extract deep market insights, stay on top of the market’s latest movements, and even automate their trades.
Cutting-Edge Technology for Enhanced Performance
Metatrader 5 is the latest software produced by developer Metaquotes. The multi-asset, cross-device trading platform is used by millions to access and analyze markets. It gives users the ability to use algorithmic trading, test their strategies, and even program their own trading applications like trading robots (also known as Expert Advisors or EAs), bespoke indicators, and scripts for simple but crucial actions like closing all open positions with one click.
Seamless Execution and Reliability
Execution is very important when it comes to trading rapidly moving markets like currencies. That’s why TradingPLUS offers one of the fastest. But seamless execution is only so useful if someone is using it on an unreliable platform. TradingPLUS not only ensures its execution is lightning fast, but it comes at zero cost to reliability.
Customisation and Automation
The TradingPlus platform also allows for an unbelievable level of customization. As mentioned previously, traders can even use the platform’s MQL5 programming language to create their own apps on the platform. But one of its most frequently referenced and popular features is algorithmic trading.
If you are unfamiliar with the term, algorithmic trading or auto trading gives traders the ability to automate their trading. TFinancial firms and institutions frequently use this technologyto take immediate advantage of price movements. The software or app used to algorithmically trade is called Expert Advisors, often abbreviated as “EAs”.
The Benefit of Algorithmic Trading or EA Trading
Computers can act and process data in fractions of a second. Algorithmic trading leverages this technology to open and close trades in milliseconds when the market acts a certain way. The EA could use price trends, market data analysis, or other advanced indicators to know when to act.
Traders or EA developers may also give the robot trader a specific set of instructions to follow. These instructions are only limited by the developer’s skill level.
Security and Compliance
In today’s online world, security is an important consideration; when real funds are at risk, that consideration becomes critical. TradingPLUS offers industry-leading security. The platform features authentication using a one-time password, plus two-factor authentication and a time-based one-time password algorithm, both standard authentication and extended authentication.
Leverage Technology When Trading
With TradingPLUS, you receive a stunning amount of features, analysis tools, security, and high customizability. This can give you a competitive advantage when trying to beat trading challenges to achieve a fully funded account.
Never be limited again by the lack of capital or fear because TradingPLUS can give you a way to control a fully funded account up to $200,000.
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