The Lmax Exchange’s webtrader platform is a free to use browser based CFD and spot forex trading platform. Available for use for all live and demo account holders at Lmax exchange, the webtrader platform is unique for its simplicity yet packs a punch.
The building in charting interface that leverages the use of Pro Real time charting platform that is based on the Java technology allows traders access to all of the trading instruments from the Lmax exchange.
Lmax exchange webtrader platform
The Lmax exchange webtrader platform is simple in its layout. As you can see in the picture below, the trading platform is divided into three main sections.
On the very top, you find quick access to the client portals, setting a global value for the orders (Market or Limit orders) and access to your account section.
In the middle is where all the action happens as you can find a list of all the trading instruments, which are divided into the FX, Indices, Commodities, All Instruments and Watchlist tabs.
The instruments can be toggled between a List view or a Quick Ticket view. (In the above screenshot, the List view is used)
The lower section is where you can monitor your open trades and pending orders. The lower section is divided into Positions, Working orders, Order history and Activity log.
How to place a trade with Lmax Exchange Webtrader platform?
You can place a market or a limit order. To do so, just navigate to an instrument of your choice and click on the ‘Trade’ tab. This opens a new trade window with access to the current order book and the ability to select the number of contracts.
You can choose from as little as just one contact or select the default values of 25, 100, 300 or 500. Of course, you are free to enter a quantity of your own choice.
You can also select or toggle between the Market, Limit and Stop orders.
Finally, you can set the Stop loss and Profit target levels, which isn’t mandatory when opening a trade.
Last but not the least, you cannot miss out the big Sell and Buy buttons. At the very bottom of the trade ticket window you will find three icons which are basically “Open Interactive Chart”, “Remove from Watchlist” and “Instrument Information.”
How to access charts from Lmax Exchange Webtrader?
To access the charting section from the Lmax Exchange webtrader, simply click on the ‘Chart’ icon that you find next to the instrument.
This will open a new browser window prompting you to ‘Launch ITCharts Advanced.’ You can toggle the quantity of RAM memory of your computer for this application. The default is 2GB.
Once you click on ‘Launch ITCharts Advanced‘ you are then prompted to save a jnlp file called itcharts.jnlp
You can either ‘Save’ the file or click ‘Open with Java Web start launcher’. Wait for a few minutes for a new Java application to launch. Note that you must have the latest Java installed on your computer or else you will be prompted to update your version of Java.
In such cases, simply follow instructions to upgrade your version of Java.
After the installation is completed, close all previous windows and restart the process once again, by clicking on the ‘Chart’ icon next to the instrument and then clicking on Launch ITCharts Advanced and select the appropriate selection.
You might be prompted with an alert asking if you want to run the application.
Check that the name of the application is ITCharts Advanced and the publisher is IT-Finance. Also ensure that the location has it-finance.com domain.
Click run and wait for a minute for the charts to load. At first, you will only find two objects; namely the menu options and the watchlist as shown below.
You can then click on any instrument of your choice which automatically opens a window with the chart.
The chart window has the drawing tools on the very top including the option to adjust the number of bars you want to see in the chart and navigating the different time frame options.
You can also automatically pull up a list of indicators that you want to add to the chart by click on the indicator tab on the top right corner.
Here, you can navigate through various technical indicators as well as modify the settings and add to chart.
For making cosmetic changes to the chart, you can find these options at the bottom right corner. Here, you can pull up the chart settings interface and change the background colors, text colors, scaling, toggle between displaying or hiding the grid lines and so on.
Chart types with Lmax Webtrader platform
You can choose from a number of different chart types from the Webtrader platform, including candlestick, line, bar chart and custom charts such as Renko, Kagi, Range bar and Heikin-Ashi and so on.
From this same interface you can also change the colors of the candlestick or the chart type being used.
You can also access a wide range of drawing and chart annotation tools as shown in the sample chart below.
You can also save the chart drawings before closing the application. You are prompted whether you want to save the chart drawings and technical indicators, so the same charts open the next time as well.
Lmax Webtrader Platform – Conclusion
There are many ways to connect your Lmax trading account, but among all the options, the Webtrader platform is the simplest. With no downloadable applications being used, the Webtrader platform can be access from Windows or Linux or Mac OS based computers with relative ease.
To get a demo account and test drive the Lmax Webtrader platform, click here.