‘Next Generation’ is the name of the trading platforms developed by the company CMC Markets UK PLC. The platform is web based and runs on any major browser. The workspace consists of four preloaded components – default, chart, FX and countdowns. You can modify existing and add new components through the Layout manager. The default workspace consists of all the necessary modules for trading. The Instrument module shows asset list and properties and you can create your own watchlist. The modules can be color-coded and then selecting an instrument from one module will display related information in all the connected modules.
Clicking on the buy or sell button invokes the Order module. Because of the instant execution model, you can preset stop loss and take profit orders in advance here. The company offers the option for a guaranteed stop loss order. However, it is not free, and you can see the fee you must pay before placing the order. Open positions are shown in the Positions module where they can be modified or closed. Pending orders can be modified or cancelled in the Orders section of the Position module.
The chart module can be viewed in full screen. The time periods start from 1 second to 1 month. There are plenty of chart types, drawing tools and indicators, represented as icons. You can trade directly from the charts. There is a pattern recognition tool, which is available for live accounts only.
All the account information is on the menu bar at the top including total margin, available funds, account balance and current profit/loss. Scalper can use the One-Click option after presetting the order parameters.
Although the platform is web based, it is quite complex and would be suitable for more advanced traders.