The webiress trading platform has been offered as a share trading platform ever since 2000 however it was not always a DMA CFD platform, it was only in late 2003 that the platform was tailored to suit CFD trading. The first adopters of the platform led its development and consequently forged a brand new wave of trader, the DMA CFD trader.
Before webiress the only DMA CFD trading platform obtainable was complex and clunky, the webiress trading platform set the new standard for DMA CFD trading amongst retail investors in Australia. Only recently the DMA CFD offering on the webiress trading platform has expanded beyond DMA CFDs on Australian stocks to incorporate CFDs on stocks listed in the US and on several European exchange in addition to forex and indices.
Because the webiress trading platform is web-based it can be accessed from any PC with on line 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 popular amongst casual along with expert traders.
It is not only the mobility of the platform and variety of financial products offered that makes webiress popular amongst DMA CFD traders but it is also its speed, functionality and ease of use. The webiress trading platform is one of the fastest DMA CFD trading platforms available, orders are transmitted in less than one tenth of a second, substantially faster than most other platforms. The platforms speed combined with its enormous array of order varieties encompassing trailing stop-loss orders and contingent orders make it the perfect platform for active traders.
The webiress trading platform also offers a few great features including a market map and the ability the see the complete market depth and course of sales for share CFDs, most trading platforms confine market depth to five levels and course of sales to the last one hundred trades. The market map is particularly helpful as it presents a visual illustration of the stocks that are moving within a particular sector and the market capitalization of the share relative to the sector. Traders regularly use the market map as a tool to identify undervalued shares within a sector.
Since the CFDs traded using the webiress platform are DMA all of your orders are transmitted directly to the exchange order book of the stock over which the CFD is based. Being able to take part 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 that are normally the phases of the market where most volume occurs, this means extra trading opportunities.
Before you commence utilizing the webiress platform it is advisable to download a demo which will permit you test many of the great features of the webiress platform before you begin trading for real.