Match Trader is an AIO trading platform that greatly combines market data with proven charting technologies by TradingView. Similar to ProjectX, Match Trader developed a tool that’s mostly used by prop firms who want to offer their clients a seamless experience using one tool for everything, instead of connecting multiple sources like data feeds and 3rd party tools.
Prop Firm & Broker Compatibility
Right now, Match Trader works with FundingPips, Maven Trading, FundedNext, GBE brokers, E8 Markets, Blue Guardian, The5ers, EquityEdge, Goat Funded Trader, SeacrestFunded, Crypto Fund Trader, Peaksight, Topone Trader, City Traders Imperium, FXCentrum, Fortuno Markets, QuickTrade World, Voyage Markets, Alpha Edge Pro, My Crypto Funding, My Funding Account, and Instant Funding. They also list The Funded Trader, which is out of business.
One limitation is that Match-Trader only works with forex prop firms. This is the key difference to ProjectX, because their platform only works with futures prop firms.
Simulated Trading
Forex prop firms typically don’t fund their trader with real money, and instead let them trade in a simulated environment once they have gone through the challenge phases. The benefit for the prop firm is that they don’t have to assign their capital during trading, and the benefit for the prop trader is that they still get paid based on the profits they make.
In most cases, that’s also the case for prop shops using Match Trader. Their clients trade their challenges in Match Trader and then trade their “virtually funded accounts” here as well.
Another benefit for the prop trader is that when trading in a simulated environment, there is no need to declare a professional trader status, which would be the case with a real funded account, which then could lead to higher costs.
AOI Forex Platform
Match Trader is a standalone tech-stack that runs on high-processing server capacity. The integrated TradingView charts ensure that traders can work in an environment they may already know from before, because TradingView is highly popular.
Each broker or prop firm can access the Match Trader API in the way they need and configure the system according to their specific preferences. The live support team helps 24 hours a day.
The platform is also compatible with iOS and Android, besides the traditional web-based version for your desktop.