In the world of trading, there are a few universal tools that most investors know. ProRealTime is one of them. In fact, this trading platform can even influence the choice of one broker or another, since not all of them offer it.
In this article, we will discuss what ProRealTime is and how it works, which brokers offer it, and what their benefits and costs are, so you can make an informed decision.
What is ProRealTime?
ProRealTime is a trading platform with countless features and tools for technical analysis.
In other words, it serves as an interface on which you can conduct analysis, review charts and also execute trades. Of course, for this, you will also need a broker, who will act as an intermediary and execute your orders.
ProRealTime is a trading platform and not a broker. Additionally, being third-party software, it can be used with more than one financial intermediary.
As a platform, it offers over 100 technical analysis tools and it boasts a history of more than two decades. The company was founded in 2001 in France and over time it has become one of the most widely used trading platforms.
General characteristics of ProRealTime
|Regulations||Depends on chosen broker|
|Products||Depends on chosen broker|
|Account Types||3 (Demo, real-time with trading, and real-time without trading)|
|Minimum Deposit||Depends on chosen broker|
|Costs||Depends on chosen broker|
|Withdrawal Commission||Usually £0|
|Contact||Phone: 44 (0)20 3868 8510 Email: email@example.com|
Which brokers offer ProRealTime?
Providing the opportunity to trade through ProRealTime is an added advantage for brokers. However, there are only a few brokers in the UK that currently offer this trading platform.
IG Markets is one of the leading UK brokers offering more than 18,000 underlying assets to trade.
With IG Markets, you can enjoy free access to ProRealTime. Although there is a monthly cost of £30, you can avoid this cost by placing at least four trades per calendar month. The minimum deposit required is €1,000.
If you would like to gain a comprehensive understanding of this broker, including all the platforms it offers, you can read our IG review.
Another broker that supports ProRealTime is Interactive Brokers, a highly experienced intermediary established in 1997.
To access ProRealTime with Interactive Brokers, a minimum opening balance of €3,000 is required, and the platform is free to use for active traders.
Check out our Interactive Brokers review for more information about this service provider.
With a Saxo Bank account, you can access ProRealTime for trading as long as your investment exceeds €3,000. Moreover, there is a VIP offer available for those with over €100,000.
Similar to the previous brokers, the platform is free for active traders. Saxo allows you to trade futures, stocks, forex, options, and commodities using ProRealTime.
For more information, check out our in-depth Saxo Bank review.
What trading assets does ProRealTime provide?
ProRealTime is a versatile trading platform that allows you to trade many assets, including:
In total, the platform allows you to trade with over 500,000 different financial instruments.
Types of ProRealTime accounts
ProRealTime offers three distinct account options based on your usage and the tools you require. These are discussed below.
The demo account is a free ProRealTime account that provides access to data updated at market close, rather than real-time data. It allows you to access historical data for various instruments and markets, such as the Dow Jones history since 1928.
Additionally, ProRealTime offers a two-week free trial of its virtual trading system for you to test the platform.
Real-time account with trading
This option, ProRealTime Trading, allows you to trade through the analysis platform with three different brokers. The specific broker will depend on the market in which you wish to trade. There are three types of real-time accounts available:
Saxo Bank – Futures, stocks, forex:
- Free account if actively trading
- Minimum deposit: €3,000
- VIP account minimum deposit: €100,000
- Instruments: Futures on indices, stocks, forex, metals, energies and commodities, and options
Interactive Brokers – Futures, stocks, forex:
- Free account if actively trading.
- Minimum deposit €3.000
- Instruments: Stocks, futures on indices, commodities, options. ·
IG – CFDs, forex:
- Free account if actively trading.
- Minimum deposit: €1,000
- Instruments: CFDs on indices, stocks, forex, and commodities.
Real-time account without trading
This type of account is designed for retail and professional investors. Hence, you can invest in stocks, indices, and several other assets in the long term. For retail investors, the license starts at €29.96 per month and can be customised according to your preferences with additional data or plugins.
How to download ProRealTime for free?
Accessing the free version of ProRealTime is very simple. You just need to follow these steps:
- Sign up with your name and email address.
- Add your relevant data, such as what assets you want to trade or invest in.
- Download the software.
- Install the downloaded file
Costs and fees of ProRealTime
Each account of the platform has its own cost structure. Here are the key details you need to know about them.
Costs: demo account
This account is completely free of charge, allowing you to use the analysis platform without any payment required. However, please note that real-time quotes and certain advanced functionalities available in the paid versions may not be accessible in this free account.
Costs: real-time version with trading
The platform is provided free of charge for all three types of accounts that include intermediation services, under the condition that you engage in active trading, which is typically expected from users of this tool.
However, the costs associated with trading will vary depending on the broker you select. For instance, here are the costs associated with opening an account via Saxo Bank:
Costs: real-time version without trading
The real-time version without trading comes with its own cost structure, which is determined by your investor profile and the license version you opt for.
|Non-Professional and Full License||Non-Professional and Premium License||Professional and Premium License|
How does the ProRealTime platform work?
ProRealTime has gained its popularity as one of the leading analysis and trading platforms for good reason. Now, let’s delve into its key features and characteristics.
What defines ProRealTime? These are some of its main points:
- ProRealTime allows you to place and manage orders directly from the charts.
- ProOrder and backtesting give the possibility of creating complex automated systems without the need to learn to program.
- Build your own algorithms to trade 24 hours a day.
- Fast order execution, detailed trading reports, scalping, real-time financial news, creation of personalised indicators, and comparison of data.
- Live assistance.
- Smooth trading interface.
- Platform approved and supervised by the French financial authorities for the reception and transmission of orders.
- You can install ProRealTime on your computer, use the web version or the mobile version.
- Download market screeners.
- Access to historical data.
Charts and indicators
ProRealTime excels in its provision of advanced charts and a wide array of indicators and tools for comprehensive technical analysis. The platform offers three different charts per asset by default, enabling simultaneous monitoring of multiple time periods.
Users can access monthly, quarterly, and annual charts for long-term trend analysis, as well as one-second charts for day traders. The platform supports over 100 technical indicators, which can be customised and adjusted according to individual preferences, from indicator parameters to chart colour schemes.
Notably, ProRealTime automatically generates support and resistance trend lines on the charts, while allowing users to customise the colouring and styling of different support and resistance levels.
Lists in ProRealTime
One of the platform’s most valuable features is the tracking lists, which allow users to monitor specific assets of interest.
ProRealTime offers pre-defined lists categorised by country or asset type, but users also have the flexibility to create their own custom lists to track after using their screeners or conducting specific research.
ProRealTrend is a powerful module within the platform that automatically plots trend lines across multiple time frames.
This tool enables users to visualise support and resistance levels, identify channels, and detect diagonal trend lines.
Furthermore, it provides the ability to identify values that are approaching significant levels or guidelines and offers customisation options for the lines displayed on the charts.
ProScreener is a highly valuable feature of ProRealTime that performs automated market scans to identify stocks or products that meet your specified criteria.
This powerful tool enables you to narrow down your focus to assets that meet your trading requirements, saving you time and effort by quickly filtering through a wide range of options.
ProBuilder is a powerful tool that allows you to program your own custom chart indicators to apply them within your trading strategy.
ProBacktest and ProOrder
These two advanced tools provide you with the capability to create, test, optimise, and automatically execute your own trading strategies.
ProBacktest allows you to rigorously test your strategies using historical data, while ProOrder enables the automatic execution of buy and sell orders based on the predefined strategy you have set.
ProRealTime is compatible with multiple devices. It is a downloadable program for PCs, but it also has a mobile phone version for trading on the go.
This is the classic ProRealTime platform that has gained a well-deserved reputation.
As you’ve observed, the desktop version is downloaded and installed, encompassing all the features you’ve encountered.
Notably, it stands out for its intuitive interface, making it easy to learn and navigate, while offering exceptional power and functionality.
ProRealTime mobile app
The ProRealTime mobile app also has many features such as charts, stock lists, and can be connected to the desktop account.
Customer service at ProRealTime
One of the strong points of the platform is its customer service.
You can contact ProRealTime via:
- Phone: +44 (0)20 3868 8510
- Email: firstname.lastname@example.org
- Form via the website
In addition, the platform offers a very thorough help section that includes training to learn how to use the platform, including videos, and also the answer to the most common questions.
Is ProRealTime for beginners or experts?
ProRealTime is a highly comprehensive platform that primarily caters to experienced traders who can fully leverage its capabilities. However, this does not mean it is unsuitable for novice traders. The platform is remarkably intuitive, with a relatively short learning curve, enabling beginners to learn and utilise many of its tools effectively.
Nevertheless, there are a couple of considerations. First, installation and access may be more complex compared to web-based platforms offered by various brokers. Second, the extensive range of options available on ProRealTime can initially be overwhelming for some users.
What is the general consensus among existing ProRealTime users? Overall, they express high satisfaction with the platform. This positive sentiment is reflected in the platform’s reputation, widespread usage among professional traders and fund managers, and the company’s strong brand recognition.
ProRealTime provides a dedicated section for real user reviews, offering an impartial view of user experiences. Furthermore, its Trustpilot rating of 4.9 out of 5 stars serves as an additional testament to the platform’s quality and user satisfaction.
ProRealTime review: summary
The platform’s success is well-deserved, backed by several key factors. Firstly, ProRealTime offers intuitive charting and trading software equipped with a range of tools and features, including decision-making support tools, technical analysis capabilities, automated trading functionality, and more.
Secondly, the software grants access to a wide range of markets, spanning stocks, futures, currencies, CFDs, commodities, gold, silver, and more, depending on the chosen broker.
Furthermore, the trading software operates on dedicated servers utilising cutting-edge technology, ensuring robust security and protection.
On the downside, the mobile application could benefit from improvements in functionality and performance.
Nevertheless, ProRealTime stands as a highly recommended trading platform adaptable to traders of all levels, whether they are embarking on their trading journey or seeking to employ more advanced functionalities.
Pros and Cons of Using ProRealTime
|Advantages of using ProRealTime||Disadvantages of using ProRealTime|
|✅ Wide variety of indicators that can be personalised||❌ Expensive stock and index data|
|✅ Supports stocks, forex, CFD, futures, options||❌ Demo account has a limited time|
|✅ Automated trend line analysis||❌ Can be overwhelming for novice traders|
|✅ Advanced backtesting tool and automated trading||❌ You need a stable, good internet connection to load the software|
|✅ Mobile app with price alerts|
|✅ Open positions directly from the chart|
|✅ Can be free of charge if you are an active trader|
|✅ Very powerful decision-making tools|
|✅ Very powerful screener tool|
Alternatives to ProRealTime
ProRealTime may not be for everyone, so here are some other suggestions for trading platforms and brokers with proprietary trading software that may interest you:
- MT5 review
- MT4 review
- TradingView review
- MT4 vs ProRealTime
- TradingView vs ProRealTime
- Best trading platforms
- Best brokers for intraday trading
- Best brokers for beginners
Is ProRealTime suitable for beginners and novice traders?
ProRealTime may seem overwhelming for novice traders due to its feature-packed interface, but it may be a great starting point if you want to become an advanced or active trader thanks to its many tools.
Can ProRealTime be used on mobile devices?
Yes, ProRealTime offers a mobile application for trading on the go.
Does ProRealTime offer real-time market data?
Yes, ProRealTime provides real-time market data for a wide range of instruments and markets.