PRT ORDERBOOK VOLUME.

[Guest Flowwww]

Why is this not working and why do you not allow us to see market depth on this platform? Very odd how the most important features of the platform are disabled.

[Visionz]

Not sure.. very frustrating.. every other big broker allows you to see this information. OANDA, FXCM etc all allow you access to DOM, and orderbook. Seems that this broker is missing vital indicators.

[Caseynotes]

19 hours ago, Visionz said:

Not sure.. very frustrating.. every other big broker allows you to see this information. OANDA, FXCM etc all allow you access to DOM, and orderbook. Seems that this broker is missing vital indicators.

IG provide Level 2 data on their Direct Market Access platform. Not sure how that works for US clients as it's linked to a cfd account which the US don't have.

[Visionz]

On 16/08/2020 at 08:04, Caseynotes said:

IG provide Level 2 data on their Direct Market Access platform. Not sure how that works for US clients as it's linked to a cfd account which the US don't have.

Is L2 data available for spread betting?

[Caseynotes]

10 hours ago, Visionz said:

Is L2 data available for spread betting?

no unfortunately, only on a cfd account.

[ItsAlex]

If you are asking about level 2/DOM and spread betting you might have no clue about what spread betting actually is.

[Visionz]

On 18/08/2020 at 11:00, ItsAlex said:

If you are asking about level 2/DOM and spread betting you might have no clue about what spread betting actually is.

I know exactly what spread betting is thanks.. and as per every other broker.. yes that's right.. every broker with spread betting.. you are not restricted from seeing this but you can in fact you can see the DOM. If you are not sure what that is.. it allows you to see where the liquidity and bulk of orders are and where the volume is.. and where supply and demand is. It seems IG is the only broker which doesn't allow this. It is not limited to CFD's and yes you can view it with a spread bet account. I am not asking if I can directly trade from the DOM.. but to be able to see where any low volume nodes are which can cause rapid price movements.

[ItsAlex]

Hi Vision. That's the OANDA Open order indicator, it shows the aggregate positions and orders of OANDA clients  I.e. client sentiment.  It is as useless as it can get because does not show the liquidity of the underlying market you are trading, instead it's showing where Oanda clients are positioned. The market moves based on the underlying market liquidity not based on oanda's client trades.

https://www.oanda.com/uk-en/trading/platforms/metatrader-4/

You can only get access to real Depth of Market if you pay a data provider (IQFeed/ Rithmic, DxFeed etc) and subscribe to the exchange where your product is trading and that's why I left that message.  

IG offers real depth of market for CFD trading via L2 Dealer app, you can also place trade using the ladder but you have to be a professional client to use it.

All the best