There's so many things wrong with the Prospreads platform, I don't know where to start.
1) There is no "hold" button on the DOM ladder as per NinjaTrader, so it's a case of playing "Rocky chase the chicken" to enter your order at the right price.
2) If you hit the "Close All" button twice in quick succession by accident, it will actually reverse your trade. You won't know you're still in the market until you shut down the platform and re-open it.
3) On NinjaTrader I can set a predetermined stoploss and target strategy which is activated as soon as I enter an order on the DOM. This is very hand if I have to leave the room, knowing my stop and target are safe and one will cancel the other. There is no un-convoluted way to do this on Prospreads.
4) As accounts are denominated in GBP, there is a currency conversion done overnight if you have been trading $ based instruments. This means you are exposed to GBPUSD currency movements for the whole day on a trade that may well have been closed early in the morning. Yes, you can request your account is set to USD, but statements are still in GBP. A very confusing mess!
Don't even get me started on the commissions! 4x the amount a regular futures broker charges makes a huge impact if you are scalping for 5-10 pips
1) There is no "hold" button on the DOM ladder as per NinjaTrader, so it's a case of playing "Rocky chase the chicken" to enter your order at the right price.
2) If you hit the "Close All" button twice in quick succession by accident, it will actually reverse your trade. You won't know you're still in the market until you shut down the platform and re-open it.
3) On NinjaTrader I can set a predetermined stoploss and target strategy which is activated as soon as I enter an order on the DOM. This is very hand if I have to leave the room, knowing my stop and target are safe and one will cancel the other. There is no un-convoluted way to do this on Prospreads.
4) As accounts are denominated in GBP, there is a currency conversion done overnight if you have been trading $ based instruments. This means you are exposed to GBPUSD currency movements for the whole day on a trade that may well have been closed early in the morning. Yes, you can request your account is set to USD, but statements are still in GBP. A very confusing mess!
Don't even get me started on the commissions! 4x the amount a regular futures broker charges makes a huge impact if you are scalping for 5-10 pips
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