SwissMain is another forex company that has developed its own trading platform. SwissMain’s IT department regularly updates the software, adding new features, based on customer suggestions, according to the company. The terminal is web-based and can work on any computer with an Internet connection.
The main part of the workspace is assigned to the charts. They show real time bid or ask prices and can be displayed as candles, bars, and lines. Time periods include ticks, 10- and 15-minute frames and 1 month. There are Zoom-in and Zoom-out dedicated buttons, whose function is duplicated by the mouse wheel. Horizontal and vertical scale can be adjusted by dragging the time or price ribbons. Graphical objects include Fibonacci retracement, trendlines and free drawings, chosen from a separate menu. There are over 110 technical indicators arranged in alphabetically. Up to 6 charts can be displayed simultaneously.
The instruments window is on the left. It can be hidden so all the workspace can be occupied by the charts. The favorites list can be arranged by dragging and dropping. However, this is a little annoying and the result is not always desired. There is a search bar from which new assets can be added. Opened positions are shown in the instrument field. The detailed trading menu is displayed by clicking the info sign. Platform offers two order execution models – market execution and instant execution. All open positions can be viewed and modified in the Positions tab. An economic calendar and third-party realtime news are incorporated into the platform. Trading history reports can be found in the separate menu at the top left corner.
We would like to note that the SwissMain platform has negative balance protection. This means clients will never owe money to this broker. In addition, stop loss orders are guaranteed when the market is open, so you can be sure they will be filled at a requested price.
A mobile version is also available and can be downloaded on AppStore and GooglePlay store. Unlike many other demo platforms, the SwissMain demo account has no time limit.