The webiress trading platform has been available as a equity trading platform since 2000 however it was not always a DMA CFD platform, it was only in late 2003 that the platform was adapted to suit CFD trading. Early adopters of the platform led its development and consequently forged a new wave of trader, the DMA CFD trader.
Before webiress the only DMA CFD trading platform available was complex and clunky, the webiress trading platform set the new benchmark for DMA CFD trading amongst retail traders in Australia. Only lately the CFD offering on the webiress trading platform has expanded beyond DMA CFDs on Australian shares to include CFDs on stocks listed in the US and on a number of European exchange as well as currencies and indices.
As the webiress trading platform is web-based it can be accessed from any PC with web access, meaning it can be used from behind a firewall in an office or form an internet cafe. The superior mobility of the platform has made it extremely widespread amongst casual along with expert traders.
It isn’t only the mobility of the platform and range of financial products offered that makes webiress common amongst DMA CFD traders but it is also its speed, functionality and ease of use. The webiress trading platform is among the fastest DMA CFD trading platforms on the market, orders are executed in less than one tenth of a second, substantially quicker than the majority of other platforms. The platforms speed combined with its enormous array of order types including trailing stop-loss orders and contingent orders make it the perfect platform for active traders.
The webiress platform has a variety of great features including a market map and the ability the see the entire market depth and course of sales for equity CFDs, most platforms restrict market depth to 5 levels and course of sales to the most recent one hundred trades. The market map is very helpful as it presents a visible illustration of the securities which are moving within a particular sector and the market capitalization of the stock relative to the sector. Traders regularly utilize the market map as a tool to recognize undervalued securities within a sector.
Because the CFDs traded on the webiress platform are DMA all of your instructions are transmitted directly to the exchange order book of the stock over which the CFD is based. With the ability to participate in the market of the underlying instrument means that you can be a price maker and trade in the opening and closing phases of the market which are typically the phases of the market where a large amount of volume occurs, meaning added trading possibilities.
Before you commence using the webiress trading platform it is best to get a hold of a demo that will let you test lots of the great features of the webiress platform before you commence trading for real.