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Screenshot of a breaking news alert e-mail from Q2 2017
Canadian retail FX broker OANDA has recently revamped the Transaction History page on its proprietary fxTrade platform, adding new features and offering greater possibilities for analysis of the account history.
Everyone using the fxTrade platform can access the new version of the page via the Account menu and the option History (Full Transaction History). To view the entire history of transactions, a click on the “Export Transactions” option suffices. The spreadsheet that will open enables traders to perform various operations with the detailed data and thus gain precious insight into the fortunes of their account.
Once the spreadsheet is open, one can easily order the history according to an instrument or date, using the Sort button. Another useful functionality enables traders to review a given section of the history even if it is for a time period of more than 30 days: a trader should only select “From Date” field and enter the start date.
Another raft of new functionality allows traders to observe only certain types of transactions: the “Filter Selection” button can be used for this purpose. More options for review are provided by the “AutoFilter” button.
In conclusion, it is prudent to make reference to the the “Account Statement” and “Account Summary” buttons, their roles being obvious.
The update may seem as trivial to many, but it underlines a trend among retail FX brokers to provide extra transparency to their clients on how trading actually happens and to what each action on a platform leads. For instance, SaxoTrader, the proprietary platform from Saxo Bank, emerged with more transparent transactions window in February this year – the broker decided to show the traders the balance on each trade in pips. FxPro has recently enhanced the trading performance stats on the web-version of the MT4 platform.
A set of refined statistics regarding transaction time have been available on Metatrader 5 since December 2013, while cTrader has offered details on each position (a breakdown in deals and orders) since October 2013.
For the full OANDA announcement, click here