In the retail space, without a doubt it is MT4 that garners most attention. There is also the new MT5 version which offers more flexibility.
Traders are creatures of habit, but there are other platforms on the market that are superior to MT4 from many points of view. One of these platforms is the FCI Netstation which is an institutional-level platform that is used at businesses such as ICAP, American Express and CFH Clearing (who are also FCI partners).
Let’s see how Netstation compares to MT4.
Pro’s and Con’s of Netstation
Netstation is jam-packed with advanced features that outclass not just MT4, but most other platforms as well:
Pattern recognition: the platform has built-in candle patterns you can apply to any timeframe on any chart.
• Set alerts on chart trend-lines, technical studies and price levels
• Build complex algorithms without being a programmer
• Receive Push Notifications on major and local economic events even on Mobile
• Advanced trade management potential: assign orders by ticket which allows for scaling out or compounding; pre-set stop & limit levels; orders-per-instrument tracking & more.
• And of course, Advanced Charting: 100+ studies and patterns, new to be added on request; 6 different chart types; • 20+ time frames, from Tick to Monthly charts; Trade directly from charts; Overlay instrument on instrument; Overlay studies on other studies or on chart; Create studies with input data from other studies.
• Multi-monitor Workspaces: many other platforms are not fully equipped to be spread over multiple screens. Netstation is designed explicitly with multi-monitor workspaces in mind. Professional traders need to keep a wide array of markets in check each day.
Video Tutorials
View our Video tutorials on the Netstation (click on each title to view video:
Netstation Platform Introduction
How to Build a Workspace in Netstation
Con’s of Netstation
It’s effectively hard to find limitations of the Netstation but perhaps the most evident drawback is that the Netstation isn’t a programmable platform like MT4.
MT4 has a plethora of Expert Advisors, custom indicators, strength meters and other programmes available, mostly free of cost.
So programmers that enjoy a “hands-on” approach may find Netstation less practical. But for all other kinds of traders, Netstation really is a superior choice.
Over to You
The only thing left is for you to try the Netstation out for yourself! So why not come over to FCI Markets and try the Netstation with a Free Demo Account?
And as always, reach out to us for any further questions or requests.