MultiChart Brokers

Category: Broker Guides | Author: Trading Brokers | Date: July 5, 2023

MultiChart is a popular trading platform that allows traders to perform technical analysis, backtesting, and automated trading across multiple brokers and data feeds. It supports various features such as high-definition charting, built-in indicators and strategies, one-click trading from chart and DOM, and support for EasyLanguage scripts. However, not all brokers are compatible with MultiChart, and traders need to choose their broker carefully based on their trading needs and preferences. In this article, we will review some of the top brokers that work with MultiChart and compare their advantages and disadvantages.

Overview of MultiChart

MultiChart is a Windows-based application that is designed, sold, and distributed by MultiChart, LLC, a company based in Columbus, Ohio, in the United States. It is an award-winning trading platform that can be used for charting, back-testing, and automated trading across multiple brokers. It has an abundance of features and functionalities making it one of the top trading software when it comes to advanced market analysis features for both beginner and expert traders alike.

It offers features such as high-definition charting, built-in indicators and strategies, one-click trading from chart and depth of market, high-precision backtesting, brute-force and genetic optimization, automated execution, and support for EasyLanguage scripts. It also supports a wide choice of brokers and data feeds. You can download the latest version of MultiChart from their official website or sign up for a free 30-day trial.

Features of MultiChart

MultiChart is a comprehensive charting and technical analysis platform that offers a wide range of features. Here are some of the main features of MultiChart are:

  • High-definition charting with up to 20 sub-charts per chart, multiple data series in different resolutions, dynamic comments, and interactivity with everything you see.
  • Built-in indicators and strategies that are fully customizable and can be applied to any symbol or timeframe. You can also create your own indicators and strategies using the proprietary programming language called PowerLanguage.
  • One-click trading from chart and DOM that allows you to quickly execute orders with predefined settings, such as order type, size, price, etc. You can also modify or cancel orders directly from the chart or DOM.
  • High-precision backtesting that uses tick-by-tick data to accurately simulate market conditions and order execution. You can also optimize your strategies using brute-force or genetic algorithms to find the best parameters.
  • Automated execution that lets you run your strategies /7 on a remote server without the need for manual intervention. You can also monitor your performance and manage your risk using various tools and reports.
  • Support for EasyLanguage scripts that enables you to import and use thousands of existing indicators and strategies from other platforms that use EasyLanguage, such as TradeStation.
  • Choice of brokers and data feeds that give you the freedom to choose your preferred providers for market data and order execution. You can also combine historical and real-time data from different feeds in one or more sub-charts.
  • Retimeal- market scanner that helps you find trading opportunities based on your criteria. You can scan hundreds of symbols in real-time and get alerts when your conditions are met.
  • Portfolio trading allows you to test and trade a portfolio of symbols as a single entity. You can apply portfolio-level money management rules and analyze the correlation and diversification of your portfolio.

Top MultiChart Brokers

When it comes to top MultiChart brokers, several names stand out for their comprehensive offerings and exceptional features. Let’s take a closer look at some of the top MultiChart brokers in the industry:

  1. AMP Futures

AMP Futures is a renowned MultiChart broker that offers a comprehensive trading platform with an array of advanced features. Traders benefit from AMP’s high-definition charts, which provide detailed insights into market trends and price movements. The platform allows for extensive customization, enabling traders to tailor the charts to their specific preferences. AMP Futures also excels in order execution, providing advanced trade management tools, low-latency connectivity, and a wide range of order types. With access to multiple markets, including futures, options, and forex, traders can diversify their portfolios and implement various trading strategies. Moreover, AMP Futures supports automated trading through platforms like MetaTrader, allowing traders to automate their strategies with expert advisors and take advantage of trading opportunities even when they are not actively monitoring the markets.

  1. Stage 5 Trading

Stage 5 Trading is a leading MultiChart broker that offers a powerful platform equipped with a wide range of features. The market scanner provided by Stage 5 Trading is a standout feature, enabling traders to scan the markets and identify potential trading opportunities based on specific criteria. The scanner can be customized to suit individual preferences, ensuring efficient and effective market analysis. Stage 5 Trading also excels in charting capabilities, offering advanced chart types, customizable indicators, and drawing tools for comprehensive technical analysis. Traders can access high-definition charts, view multiple time frames, and analyze price movements with precision. The platform provides low-latency order routing and access to multiple liquidity providers, facilitating swift and accurate trade execution. With these features, Stage 5 Trading empowers traders to make informed decisions, execute trades efficiently, and optimize their trading strategies.

  1. Phillip Capital

Phillip Capital is a highly regarded MultiChart broker that stands out for its comprehensive suite of features. Traders benefit from Phillip Capital’s high-definition charts, which provide a visually appealing and intuitive interface for market analysis. The platform allows for extensive customization, enabling traders to personalize their charts with technical indicators and drawing tools. Additionally, Phillip Capital offers advanced order execution tools, including various order types and low-latency connectivity. Traders can execute trades swiftly and accurately, taking advantage of favorable market conditions. One notable feature of Phillip Capital is its proprietary programming language called PowerLanguage. This language allows traders to develop their own custom indicators and trading strategies, further enhancing the platform’s flexibility and customization options. With genetic strategy optimization and strategy backtesting capabilities, traders can fine-tune their trading strategies based on historical data, making Phillip Capital a top choice for traders seeking to optimize their trading performance.

  1. LMAX

LMAX is a top MultiChart broker known for its exceptional trade execution and deep liquidity. The platform offers MultiChart capabilities, allowing traders to monitor multiple markets simultaneously. With low-latency connectivity and cutting-edge technology, LMAX ensures reliable and fast order execution, catering to the needs of both retail and institutional traders. Traders can access high-definition charts, apply technical indicators, and analyze price movements with precision. LMAX’s platform is particularly well-suited for high-frequency and algorithmic trading strategies. The platform provides access to a wide range of financial instruments, including forex, indices, and commodities. Traders benefit from the platform’s institutional-grade liquidity, which ensures competitive pricing and efficient trade execution. With its robust features and focus on trade execution quality, LMAX is a top choice for traders looking for reliable and fast-paced trading experiences.

  1. MB Trading

MB Trading is a top MultiChart broker known for its user-friendly interface and comprehensive set of features. Traders can access high-definition charts that offer a range of customization options to suit their trading preferences. The platform provides an extensive selection of technical indicators, drawing tools, and analytical features to support in-depth market analysis. MB Trading also excels in automated trading capabilities, allowing traders to automate their trading strategies through popular platforms like MetaTrader. Traders can take advantage of advanced order types, one-click trading, and order routing features for efficient trade execution. With MB Trading’s platform, traders can access a diverse range of markets and instruments, including stocks, options, and futures. The platform’s intuitive design and extensive features make it an ideal choice for both beginner and experienced traders looking for a user-friendly and comprehensive MultiChart broker solution.

Conclusion

In conclusion, MultiChart is a robust and flexible trading platform that can cater to different types of traders. However, it needs a compatible broker to provide market data and execute orders. AMP Futures excels in high-definition charts and efficient order execution, while Stage 5 Trading stands out with its market scanning capabilities and customizable charting options. Phillip Capital’s PowerLanguage and optimization tools provide traders with customization and strategy refinement opportunities, while LMAX impresses with lightning-fast trade execution and deep liquidity. Lastly, MB Trading offers a user-friendly interface and automation options for seamless trading experiences. Overall, these top MultiChart brokers have transformed the way traders analyze markets, execute trades, and optimize strategies, enhancing their trading outcomes and opening up new possibilities in the dynamic world of online trading.


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