Forex broker SwissMain provides its own developed platform for online trading. It is one of the easiest to operate and at the same time with useful features applications available today.
The company has its own IT department for research and development, which implies some rapid implementation of the latest software updates, based on customer suggestions.
The web-based version of the platform doesn’t require download or software installation. That means it can run on any computer or phone with an Internet connection.
The workspace is as simple as possible. A main part of it is assigned to the charts window. Charts show real time bid prices and can be viewed as candles, bars and lines. There are 11 time-frames including ticks, 10 and 15 minute frames and 1 month as well. Zoom can be arranged by click on the Zoom-in and Zoom-out buttons or by the mouse scroll wheel. This is very convenient for a quick overview of current and past trends. Horizontal and vertical scale can be changed by dragging the time or price bars. Customers can add graphical object such as Fibonacci retracements, trendlines and free drawings, collected in a separate menu. Fans of technical analysis can enjoy more than 110 indicators shown in alphabetical order. There are single chart and multicharts modes.
The instruments window is located on the left side and can be hidden if more space for charts is needed. The favorites list can be arranged by simply dragging and dropping. Adding and removing is done by the + button. Next to the name of each instrument where a client has open positions, a green circle with the number of positions is displayed. Clicking on the symbol opens a detailed trading menu.
Platform offers two order execution models. By default, the market execution model is active. Orders are fulfilled at the last available market price. This is the fastest way for entering the market. The new position appears below the buy and sell buttons and stop-loss and take-profit can be associated with it. The instant execution model is activated by a separate button. Here stop-loss and take-profit orders can be set before entering the market. Orders are fulfilled at the displayed price. Pending orders can be placed from this section too. The necessary feature opens only when needed, saving workspace.
It is good to mention that SwissMain platform protects customers from falling into a negative balance and when the platform closes all open positions due to insufficient margin, the clients will never owe money to this broker. Stop loss orders are guaranteed and will be executed at the set price, regardless of market liquidity or volatility.
All open positions can be viewed in detail and modified by clicking on the Positions tab, next to the Charts tab. In addition, economic calendar, streaming news and notification are incorporated into the platform. Past deals reports can be found through a separate menu.
The SwissMain platform is also available as an iOS and Android application that has all the features of the web platform.
Unlike some other demo platforms, the SwissMain demo account never expires.