MultiCharts is a trading software for professional traders with advanced analytics, trading strategies, backtesting and optimisation. It has garnered significant attention from traders worldwide for charting, backtesting and multi-broker automated trading capabilities. It also has built-in indicators and strategies, as well as one-click trading from chart and DOM. As such, it is easy to see why brokers that offer this trading platform are popular among traders.
In this review, we are going to be looking at MultiCharts brokers, providing a complete list of supported firms. Let’s begin.
Understanding MultiCharts
Before we begin listing the brokers, it is best we get a better understanding of what MultiCharts is. For those who do not know, MultiCharts is a trading platform that provides advanced charting, trading strategies, and automated trading capabilities. Below is a summary of some of its key features:
- Advanced Charting - High-resolution charts with a wide range of technical analysis tools.
- Strategy Backtesting - Ability to backtest trading strategies with historical data to evaluate performance.
- Automated Trading - Supports automated trading strategies to execute trades based on predefined criteria.
- Multi-Data Feed Support - Ability to connect to multiple data feeds, ensuring accurate and up-to-date market information.
- Scripting and Programming - Uses EasyLanguage and PowerLanguage for custom indicators and strategies.
These are some of the most sought-after features in the trading space. Luckily, there are a variety of brokers that integrate with MultiCharts to deliver these and other features to traders. Here is a complete list of MultiCharts-supported firms.
OANDA US
OANDA US is a multi-asset broker with more than 25 years in the market serving clients. Oanda US integrates seamlessly with MultiCharts through its proprietary trading platform, OANDA. This provides traders with robust technical analysis software with over 20 different data feeds and over 300 different strategies and indicators. Notably, this platform also allows investors to import existing indicators or develop their own.Nonetheless, this is not the only trading platform available to use on the broker site. Traders also have access to Oanda Web, Oanda Mobile, TradingView, and MetaTrader 4. This allows traders to pick the platform that best suits their needs.
Further, OANDA US gives its traders plenty of trading opportunities in two main markets. These include cryptocurrencies and forex currency pairs. There are plenty of major, minor, and exotic currency pairs available to trade here. For diversity, traders can invest in a variety of popular cryptocurrencies available on OANDA US.
Oanda US primarily charges traders through spreads. Fortunately, the spreads on this platform are competitively low, which is a positive aspect. For major currency pairs, spreads start as low as 1.4 pips. Finally, let’s see how this broker is regulated. OANDA US is a member of both the CFTC and the NFA, giving it a robust regulatory background.
Visit OANDA.com for more info
Risk warning: Trading margined products carries a high level of risk.
Interactive Brokers
Interactive Brokers is another well-known broker on the list of MultiCharts-supported firms. MultiCharts seamlessly integrates with Interactive Brokers, allowing traders to execute orders, receive real-time data, and manage their portfolios efficiently. Combining these features with IB’s comprehensive trading services and extensive market access, IB has become a favourite among many traders.
Positively, traders can access over 150 different market products with this broker. Specifically, traders have access to forex currency pairs, stocks, options, futures, bonds, funds, and crypto. These market products are available with some of the lowest trading fees in the market. Spreads for major currency pairs are as low as 0.1 pip with a commission based on trading volume. As an example, traders with a monthly volume under $1 billion pay a modest fee of $0.0001 times the monthly trading volume.
On another note, Interactive Brokers operates under strict regulatory oversight, holding licenses from multiple jurisdictions. These include the FCA in the UK, the SEC and CFTC in the US, ASIC in Australia, CIRO in Canada, and the Monetary Authority of Singapore.
Tickmill
Another broker that integrates with MultiCharts is Tickmill. This program integrates with Tickmill through CQG to bring its traders a ton of features. These include high-definition charting, built-in indicators and strategies, one-click trading from chart and DOM, and support for EasyLanguage scripts, among others. This is perfect, especially for long-term traders on Tickmill. Better yet, traders can place orders straight from the charts of this platform.
Notably, there are a plethora of market products available to invest in. These include CFDs on forex, stock indices, metals, bonds, commodities, and cryptocurrencies. Having access to such a variety of global markets ensures that traders can diversify their portfolios as they see fit. Better yet, the fees for trading on this broker site are fairly low, allowing investors to maximize their profits.
Tickmill offers three main account types with varying fee structures. The Classic account provides spreads as low as 1.6 pips without additional commissions. The Pro account offers spreads from 0.0 pips but charges a commission of 2 currency units per side for every 100,000 traded. Finally, the VIP account also has spreads from 0.0 pips but with a lower commission 1 currency unit per side for every 100,000 traded.
Like we did for the brokers, let’s explore how this broker is regulated in the market. Tickmill is a regulated broker operating under the strict supervision of multiple financial authorities. These include the CySEC, the ASIC, the FCA, and the FSCA. Such regulatory oversight ensures Tickmill adheres to stringent standards, safeguarding clients' interests.
Saxo Bank
Saxo Bank is a multi-asset broker with a very long history in the financial markets space. This broker is regulated by some of the most respected financial watchdogs in the world. These include the ASIC, the FCA, the FINMA in Switzerland, and the DFSA in the UAE.
While Saxo Bank provides a great lineup of its own proprietary trading platforms, it also allows the integration of a variety of third-party tools. One of the tools that traders can use to place orders in the markets is MultiCharts. This platform allows investors to access forex currency pairs alongside CFDs, stocks, futures, and bonds.
The spreads on this broker site are favourably low on all its three trading accounts. The accounts include classic, platinum, and VIP accounts and the spreads on this broker site start from as low as 0.6 pips for major currency pairs.
Dukascopy
Dukascopy is a Swiss-based forex and CFDs broker that allows its traders to place orders straight from MultiCharts. The integration of MultiCharts gives traders advanced technical analysis capabilities, making Dukascopy a perfect fit for expert traders. Moreover, traders can use this platform for automated trading, greatly saving time and effort.
Aside from MultiCharts integration, Dukascopy is renowned for its robust platform and competitive offerings. This broker gives its traders access to forex currency pairs plus CFDs on indices, commodities, bonds, stocks, and cryptocurrencies. These market products are available with fairly low fees charged. For example, spreads on major currency pairs can start from as low as 0.1 pips but there is a commission depending on the trading volume and the net equity of a trader. For example, a trader with a net equity of less than $5,000 and a trading volume of less than $5,000,000 pays a commission of $8 per round turn.
On regulations, this broker is under the supervision of the FINMA in Switzerland and the JFSA in Japan. While it does not have the most robust regulatory environment, it is still refreshing to know it has licenses from recognised institutions.
Complete List of MultiCharts Supported Firms
The companies we have highlighted above are not the only firms that support MultiCharts. Below is a complete list of MultiCharts-supported firms.
- CQG
- Interactive Brokers
- OANDA
- Trading Technologies
- Gain Capital
- Rithmic
- Binance
- Binance.US
- AMP
- Edge Clear
- Dukascopy
- LMAX Exchange
- Discount Trading
- Ironbeam
- Advanced Futures
- Apex Futures
- Cannon Trading
- FXMTF.com
- Futures Online
- Optimus
- GFF Brokers
- Kraken
- Deribit
- Bitmex
- Bybit
- OKX
- Saxo Bank
- Stage Five Trading Corp
- TradePro Futures and Forex
- Trade Futures 4 Less
- High Ridge Futures
- Zaner
- Tickmill
Closing Remarks
MultiCharts offers a powerful trading platform for advanced analysis, strategy development, and automated execution. Luckily, there are a ton of firms that support MultiCharts to deliver traders with an advanced trading platform with automated trading capabilities. In this article, we highlighted some of the best brokers that integrate with MultiCharts and discussed the features that make them stand out.
Specifically, we featured the collection of market products, the spreads involved, and the regulations. On top of that, we provided the complete list of firms that support MultiCharts. With the right tools and broker, MultiCharts can empower traders to elevate their trading experience. Nonetheless, conduct Your own research on each broker to find the platform that best aligns with your trading goals and risk tolerance.
