What is MatchTrader and how do I use it?

What is MatchTrader?

MatchTrader is an advanced web-based and mobile trading platform designed specifically for traders. It provides a seamless and intuitive trading experience, giving you access to a variety of financial instruments, including forex pairs, commodities, stocks, and cryptocurrencies. MatchTrader is built to display real-time market conditions, allowing you to trade using virtual capital during the Trading Challenge and hone your skills without risking real money.

Key Features of MatchTrader:

• Simulated Environment with Real-Time Data:
  Trade using virtual capital, ensuring you gain valuable practice without financial risk.
• Real-Time Market Data:
  Monitor price movements as they happen, enabling you to make informed decisions based on current market conditions.
• Customizable Interface:
  MatchTrader offers a clean and user-friendly interface that you can personalize based on your preferences, including chart layouts, indicators, and risk management tools.
• Fast Execution:
  With fast execution speeds, you can make quick decisions and place trades without worrying about slippage or delays.

TradingView Charts:
For a more advanced technical analysis experience, you can enable TradingView charts directly within the MatchTrader platform. This integration gives you access to TradingView's full suite of powerful charting tools, indicators, and drawing instruments.

How Do I Access MatchTrader?

Once you register to a Pivex Funded's Trading Challenge account, you’ll automatically receive your MatchTrader login credentials via email. Here’s what you’ll do next:

1. Log in to Your Pivex Dashboard 

First, access your main account hub by logging in at app.pivex.com. This is where you will track your overall performance, objectives, and account performance.

2. Launch the MatchTrader Platform 

From your account dashboard, click the yellow "Trade Now" button or navigate to the "Trading Platform" tab on your left-side menu to open MatchTrader.

• Tip: You can also access the platform directly at platform.pivex.com using the login credentials we sent to your email.

3. Configure Your Trading Environment 

Before placing a trade, take a moment to set up your workspace. Customize your chart preferences, add your preferred technical indicators, and adjust any risk management tools to fit your strategy.

4. Place Your First Trade 

Once you are comfortable with your setup, you are ready to execute your first trade.

5. Monitor Your Performance 

Use the following tools to stay on top of your progress:

• Pivex Dashboard (app.pivex.com): Track your high-level metrics, such as profit target, daily drawdown, and overall account status.

• MatchTrader Platform: Monitor your real-time trading activity, including open positions, balance, equity and detailed profit/loss analysis.

Desktop and Mobile Trading

1. Desktop (Web-Based Platform):

With the web-based platform, you can trade directly from your browser without needing to download or install any software. Simply log in to your MatchTrader account through Google Chrome, Mozilla Firefox, or Safari, and start trading. No installation required, and you can use the platform instantly.

Quick Tip: Use CTRL + M to quickly access the Market Hours feature, which shows the active trading times for different financial instruments.

2. Mobile Web Browser:

To access the platform from your mobile device, simply open a web browser like Safari or Chrome and navigate to platform.pivex.com. After logging in with your email and password, you can bookmark the page for easy access later by tapping your browser's menu icon (usually three dots) and selecting "Add to Bookmarks." 

For even faster, app-like convenience, you can also add a shortcut directly to your home screen. Look for the "Add to Home Screen" option in your browser's menu to create a MatchTrader icon on your device, allowing you to launch the platform with a single tap.

For better illustration, see the screenshots below:

Key Terms You’ll Encounter on MatchTrader

Here are a few key terms you should familiarize yourself with to ensure you get the most out of your trading experience on MatchTrader:

1. Order Types

Market Order: Buy or sell instantly at the best available price.
Limit Order: Buy or sell at a specific price or better.
Stop Loss: Automatically closes your position at a specific price to prevent further losses.

2. Leverage
Leverage allows you to control a larger position with less capital. For example, 10:1 leverage means you can control $10,000 worth of assets with only $1,000 in your account. While leverage can magnify profits, it also increases risk, so it should be used with caution.

3. Trading Indicators and Charts

Candlestick Charts: A common chart type showing open, high, low, and close prices for a set period.
Moving Averages: Used to smooth out price data and identify trends.
RSI (Relative Strength Index): A tool to measure whether an asset is overbought or oversold.

How to Use TradingView with MatchTrader

MatchTrader offers an optional feature that allows you to view TradingView charts within the platform. This gives you access to powerful charting and technical analysis tools, although please note that MatchTrader does not integrate directly with TradingView accounts. Here’s what you can do with TradingView charts:

• Custom Indicators: Add various indicators such as moving averages, RSI, and MACD to your charts for in-depth analysis.
• Live Price Feeds: Access real-time price data on the charts and execute trades directly from the chart interface.
• Chart Customization: Customize your chart to suit your trading style, whether you’re using candles, lines, or bars.
  

Understanding MatchTrader vs. External Brokers

Traditional trading involves external brokers who execute trades on behalf of clients, often requiring traders to use their own capital. These brokers may charge commissions, spreads, or other fees for their services. In contrast, Pivex Funded’s MatchTrader is an in-house platform where trades are executed internally, using simulated capital. This setup eliminates the need for external broker involvement, offering several key advantages:

• Cost Efficiency: By removing external brokers from the equation, we reduce transaction costs, ensuring that more of your potential earnings remain with you.
• Enhanced Control: Operating within our own platform allows us to tailor the trading environment to better suit your needs, offering features and tools that align with your trading strategies.
• Risk-Free challenge: MatchTrader enables you to demonstrate your trading skills without the risk of losing real money, providing a safe space to refine your strategies.

If you need assistance with setting up your account or have any questions about using MatchTrader, feel free to reach out to our support team. We’re here to ensure you have the best possible trading experience with Pivex Funded.

For more information, contact us at support@pivex.com. 

Happy trading!