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Avus Capital, a MiFID forex brokerage doing business as Trading 212, has launched its own proprietary financial charting engine ProQuant for retail traders. The web-based charting solution is designed to help traders analyze market trends and build their own trading strategy.
The technology is accessible via any browser at www.proquant.com and will soon be made available for mobile devices with iOS and Android operating systems.
PriQuant provides a wide range of advanced charting instruments and is available for use free of charge. It offers several different chart types, including the standard candlestick, bar and line charts. The charts display data for forex, stock, commodity, and index trading instruments for periods from one minute to one month.
Users can also create templates to reuse certain chart settings and indicators for different instruments.
The charting technology’s other key features include:
- Adding indicators – add any indicator directly to your chart. They are organized by category; the most popular ones are at the top, followed by trends, oscillators, volatility and volume.
- Searching instruments – searched for your desired instrument by its name or ticker or browse all financial instruments by category.
- Managing objects – you can delete, rename, or hide objects such as indicators, drawings, or text on your chart.
- Drawing tools – add drawings to understand market trends. You can use lines to see support and resistance, apply Fibonacci tools or patterns, such as Elliot waves, or use shapes to highlight certain sections of your chart.
- Taking snapshot – take a snapshot to save your analysis as a reference or share it with other traders to gain insight.
- Changing object properties – you can customize drawings by changing their color, thickness or style. With indicators, you can change their parameters, as well as their appearance.
ProQuant’s user-friendly interface makes it really simple and easy to navigate. We feel many traders will chose ProQuant’s charting solution over those of other technology providers.
ProQuant is not the only charting tool for retail forex traders. Another such technology is TradingView. It represents a charting tool and a trading platform in one. Recently, TradingView said it in the process of integrating TradingTicket’s TradeIt mobile technology into its real-time chart components, which means its product will soon be available in a mobile version.
Charting technology companies have been gaining momentum in the recent past. ChartIQ, another charting tool used by brokers to offer to traders, recently raised $4.0 million in a Series A funding to finance its development. Four large investors took part in the funding – lead investor Illuminate Financial, a venture capital firm, and existing investors ValueStream Labs and Tribeca Angels, in addition to some angel investors. In November 2014, ChartIQ raised another $850,000 from ValueStream Labs, Tribeca Angels, and Social Leverage in another fundraising campaign.
Avus Capital operates under the brand Trader.BG in Bulgaria and Trading 212 everywhere else. It provides trading of forex and contracts for difference (CFDs) on forex, gold, oil and stocks in more than 65 countries, including Germany, Russia, and China. The broker has also developed a proprietary trading platform under the Trading212 brand available for desktop and mobile devices.
Avus Capital has units authorized and regulated by the UK’s Financial Conduct Authority (FCA) and Bulgaria’s Financial Supervision Commission (FSC), and since recently – by the Cyprus Securities and Exchange Commission (CySEC). This makes it a licensed broker under the Markets in Financial Instruments Directive (MiFID). A MiFID license grants access to the capital markets in all EU member states.