In addition to one of the renowned trading platforms in the world – MetaTrader 4, the company GAIN Capital UK Limited provides its own web-based terminal called WebTrader under the brand City Index.
The default workspace loads after we log in. The first impression is that it is much simpler than the desktop version. Pop-up windows with tips show the first steps you may do to become familiar with the platform. The default view can be changed to a custom one, suitable just for your needs.
The default workspace is divided into four main windows and a menu bar with account information (cash, margin, P/L) and tabs in a menu bar at the top. Each component of the workspace is organized in tabs. You can customize it by adding, removing and rearranging them. The bigger part of the screen is occupied by the instrument window. It consists of two columns – instrument name and its prices. In addition to the current sell and buy prices, you can see the daily change, high, low prices and spread of each instrument. You can browse for markets using the corresponding tab above the instrument window, or you can search for them by typing its name in the search field. There is no right-click function here, and all operations are performed with a left-click.
One of the ways for trading is by clicking on the arrow next to the instrument name. The dropdown menu appears, and you must choose from available options. If you will buy, choose the Buy Trade option and the order window appears. You enter the amount and click on the Submit button. A message confirms the order is filled and the new position is displayed in the Position window. The other, faster way is to click on the buy or sell price directly. This will call the order window immediately. One-click trading is also available. After entering the quantities for each traded instrument, all you have to do is click the buy or sell button.
Below the instrument window is the Position window showing all properties of the open positions, including associated orders (stops and limits attached to a position). There are also tabs for orders and price alerts, and you can export all the information to a Microsoft Excel file.
The chart window is next to the instrument window. Almost all the desktop features of the charts are available here as well. You can trade directly from the charts as there are buy and sell buttons for the corresponding instrument. The whole workspace can be dedicated to the one instrument by clicking on the tab next to the Default workspace tab. The key information for the instrument and its chart is then displayed.
The market information window is at the bottom right corner. You can add more components such as charts, news and economic calendar to your workspace by clicking a drop-down menu. All windows are resizable by clicking and dragging on their borders. Market analysis and an economic calendar are also available when clicking the corresponding tab.
You can click on the My Account button at the top right corner to manage the account, add or withdraw funds.
This is a lighter version of the company’s desktop platform and the information is organized in moveable windows. Although it is a web-based platform, we believe it has many features and is suitable for all types of traders. Still, it could have been more intuitive.