How to Enable One-Click FX Trading in BNFX Power Trader

One of the advantages of trading with a true ECN/STP broker with no conflict of interest is that scalping strategies and trading systems are allowed.

Many retail FX trading platforms have been known to be slow and cumbersome for scalping and high volume day trading as the software packages were inherently designed for the classic retail FX dealing desk business model. While those platforms have often been adapted to work in a true ECN environment through other technological workarounds, many software packages continue to fall short when it comes to providing fast, one-click order entry. In a true ECN broker environment, faster order entry is in the best interests of both the broker and the client, especially for highly active traders.

The BNFX implementation of Integral's Power Trader, connected directly to the Integral FX Grid® network with no bridge necessary, is equipped to deliver fast, efficient, one-click order entry.

To minimise human error, the default configuration in Power Trader enables many confirmation screens which are shown when buy and sell orders are entered. While these confirmation dialogues are ideal for large position traders and swing traders, they are often found to cause too much of a delay between order entry and execution for the purposes of scalpers and frequent day traders.

Here, we'll show you how to disable the confirmation pop-up screens, and enable true one-click trading, on Integral Power Trader:



First, click on the "BNFX Button" at the top-left corner of the Power Trader platform's main program window to bring up the "BNFX Button" Menu. Then click on "Options" at the bottom-right of the Menu to bring up the Settings dialogue.



In the "Settings" dialogue that pops up, choose "Trading Defaults" on the left side. You can then disable each of the confirmation screens:

Uncheck "Confirm position closing"
Uncheck "Confirm order cancellation"
Uncheck "Confirm order modification"
Uncheck "Confirm order placement"





Now, you can place trades with minimal latency between your manual order entries and the ECN/STP order routing to the Integral FX Grid® network. Simply setup the order panel according to your preferences, style, and trading strategy, and your orders will be transmitted with a single click on the Buy and Sell buttons.

Also note that BNFX does not charge commissions for Mutual Close transactions (two existing offset positions on the same instrument, aka. "hedged" positions, can be closed simultaneously on BNFX Power Trader without any additional commission charges in Power Trader ECN accounts). With this powerful feature, you can optimise your trading speed without incurring unnecessary cost by making use of the commission-free Mutual Close feature in the BNFX edition of Power Trader.

Power Trader offers many customisable and robust features unavailable to typical retail FX trading platforms and as a true ECN broker, and a TrueFX Broker Partner of Integral Development Corp., we're here to help you get the most out of the FX Power Trader experience.