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Quantower Review 2025: Testing Results & Top Brokers

Written By

Paul Holmes

Written By

Paul Holmes

Paul has over 15 years experience in the trading industry, both as a full-time trader and working with leading brokers. He’s traded indices and forex, developed proprietary day trading techniques, and built his own MetaTrader algorithms. Paul has been quoted in various respected media outlets, including Business Insider, Benzinga, and U.S. News.

» Paul Holmes Profile Page

Edited By

James Barra

Edited By

James Barra

James is an investment writer with a background in financial services. As a former management consultant, he's worked on major operational transformation programmes at top European banks. A trusted industry name, James's work at DayTrading.com has been cited in publications like Business Insider.

» James Barra Profile Page

Fact Checked By

Michael MacKenzie

Fact Checked By

Michael MacKenzie

Michael is a writer and editor with over a decade in journalism and publishing. His niche lies in editing and fact-checking content in the financial services sector, with a focus on online brokers and trading platforms. Michael previously reported on politics and economics in the Middle East and edits books for established publishers.

» Michael MacKenzie Profile Page

Updated

Feb 4, 2025

Short-term trading is a game of precision, speed, and strategy, and Quantower delivers a suite of tools tailored to meet these needs. It’s a powerhouse platform designed for serious traders – whether you’re scalping, day trading, or experimenting with algorithms.

Let’s explore Quantower’s key features, insights from our tests, and the best brokers supporting this platform.

Quantower stands out in the competitive world of trading platforms because of its versatility and functionality. Here’s why short-term, day traders like me love it:

• Customizable Interface: Personalize your workspace to fit your trading style.
• Lightning-Fast Execution: Crucial for scalping and day trading strategies.
• Wide Integration: A seamless connection with multiple brokers for flexibility.

Paul Holmes

Author

Why Use Quantower’s API Integration With These Brokers?

• Flexibility: Easily adapt your trading strategies with Quantower’s powerful tools.
• Customization: Use the Quantower API to build and test strategies that match your trading style.
• Seamless Data Flow: Enjoy uninterrupted data feeds and smooth order execution.

Connecting To Brokers Through APIs

Quantower makes it remarkably simple to connect and use its API with brokerages like OANDA or platforms like cTrader. Here’s how it works step-by-step:

Connecting Quantower To OANDA Via API

1. Create An API Token On OANDA

• Log in to your OANDA account.
• Navigate to the API settings under your account dashboard.
• Generate a new API token and copy it for use in Quantower.

2. Set Up The Connection In Quantower

• Open Quantower and go to the Connections Manager.
• Select OANDA from the list of supported brokers.
• Paste your OANDA API token into the required field.
• Choose your trading environment (live or demo).

3. Start Trading

• Once connected, Quantower will display your account balance, open positions, and market data.
• Use features like advanced charting, order placement, and risk management directly with OANDA’s pricing and liquidity.

The integration is seamless, and you can use OANDA’s data feed with Quantower’s powerful tools, such as the Depth of Market (DOM) and algorithmic trading.

This combination is perfect for traders who want OANDA’s reliability paired with Quantower’s advanced trading environment.

Using Quantower With cTrader API

1. Set Up cTrader API Access

• Log in to your cTrader brokerage account (e.g., IC Markets or Pepperstone).
• Obtain API credentials, usually from the platform’s developer or integration section.

2. Configure Quantower For cTrader

• In Quantower’s Connections Manager, find cTrader among the supported platforms.
• Input your API credentials (client ID, secret key, and other required details).
• Test the connection to ensure it’s active.

3. Start Using cTrader Data In Quantower

• cTrader’s deep liquidity and data precision combine with Quantower’s superior analytics.
• Use the Volume Analysis and Order Flow tools for better trading insights.

Why It’s Simple:

cTrader already supports advanced trading capabilities, and Quantower’s intuitive interface enhances this with features like algorithmic trading and Market Replay.

You don’t need deep technical knowledge to make this work; it’s designed to integrate seamlessly.

Key Features Of Quantower

Advanced Charting Tools

• Over 40+ built-in indicators like RSI, MACD, and Bollinger Bands.
• Support for custom indicators, which can be created using the Quantower scripting API.
• Multiple chart types, including candlestick, bar, and Renko.

The charting capabilities of Quantower are phenomenal. I found myself saving time by easily switching between timeframes and applying indicators without any lag.

Paul Holmes

Author

Algorithmic Trading

• Build and test your trading algorithms directly within the platform.
• The built-in Backtesting Tool lets you validate strategies with historical data before going live.

Risk Management Tools

• Built-in tools for setting stop losses, take profits, and trailing stops.
• Position sizing calculators to help you manage risk effectively.

Depth Of Market (DOM)

• The DOM window offers a detailed view of market liquidity and order flow.
• It is ideal for scalpers who need precise data to enter and exit trades.

Market Replay

• Rewind and replay past trading sessions to review market behavior and refine strategies.
• An invaluable tool for learning and improving performance.

Using the Market Replay feature allowed me to identify flaws in my strategy and make adjustments that boosted my profitability.

Paul Holmes

Author

Data Aggregation

• Combine feeds from multiple brokers or exchanges to get a unified market view.
• Ensure better decision-making with accurate and comprehensive data.

Customizable Hotkeys

• Configure hotkeys for quick actions like placing orders, modifying trades, or cancelling all orders.
• A lifesaver for day traders who need rapid response times.

Multi-Monitor Support

• Seamlessly extend your workspace across multiple monitors.
• Perfect for active traders who monitor multiple assets or strategies simultaneously.

Trading Simulator

• Practice trading without risking real money.
• Simulate real-time conditions to test new strategies or get familiar with the platform.

Cross-Platform Functionality

• Quantower is available for Windows and Mac users.
• Mobile app integration is in development, promising seamless trading on the go.

Quantower In Action: A Trader’s Perspective

I set up the platform to evaluate Quantower’s utility for short-term trading and focused on its core features. My objective was to test the usability, speed, and effectiveness of its tools in a live trading environment. Here’s how it went:

Setting Up My Workspace

From the start, I noticed the platform’s sleek and customizable interface. Setting up my workspace was intuitive:

• I connected a demo account to test stock and futures trading.
• Using Quantower’s workspace linking feature, I synced my charts, watchlist, and order book. This ensured that changes to one were reflected across all linked windows.
• The multi-monitor support was a standout feature; I spread my trading tools across two screens without performance lags.
• Importantly, the workspace felt personal and efficient, enhancing my ability to focus on critical trading data without distractions.

Charting Features

Quantower’s charting is a dream for technical traders.

• I tested indicators like RSI, Bollinger Bands, and Fibonacci retracements. These loaded quickly and were easy to configure.
• Switching between timeframes (1 minute to 1 hour) was seamless, with no noticeable delays.
• I tried their multi-chart layouts, which allowed me to view different timeframes for the same asset.

As a scalper, the responsiveness of charts is crucial. I appreciated how smoothly the platform handled live data streams, especially during volatile market hours.

Paul Holmes

Author

Testing Depth Of Market (DOM)

For short-term traders, the Depth of Market (DOM) is essential. I focused on futures and crypto trading to evaluate order flow and liquidity.

• The DOM displayed detailed buy and sell levels with precise updates.
• I placed several limit orders directly from the DOM. The execution speed was impressive, with minimal slippage.
• I used the volume heatmap to spot liquidity clusters, which helped me identify potential breakout points.

Result: This tool felt indispensable for scalping. By spotting high-volume zones, I positioned myself ahead of rapid price moves.

Algorithmic Trading And Backtesting

I created a simple moving average crossover strategy using Quantower’s scripting API. The process was beginner-friendly yet powerful:

1. I scripted a 50/200 MA crossover.
2. Ran the strategy through six months of historical forex data using the backtesting feature.
3. The backtest results included detailed metrics like profit factor, drawdowns, and win rate.

Outcome: The backtest revealed inefficiencies in my initial strategy. After tweaking stop-loss levels, I improved my net profitability.

Market Replay For Practice

The Market Replay tool became a personal favorite. I selected a high-volatility trading session from the previous week and replayed the market data.

• Practiced entering and exiting trades at 2x speed.
• I paused at key moments to analyse price action and refine my reactions.

Takeaway: This feature significantly improved my ability to trade under pressure. It’s an invaluable tool for both beginners and experienced traders looking to sharpen their skills.

Risk Management In Real-Time

Quantower’s risk management tools were tested extensively during live trading sessions:

• The position sizing calculator ensured that my trades aligned with my risk tolerance.
• Setting trailing stops and take-profit orders was quick and straightforward.
• I tested OCO (One Cancels the Other) orders, which worked flawlessly.

Benefit: Effective risk management is non-negotiable for short-term trading, and Quantower makes it easy to implement strategies that protect your capital.

Results And Overall Impressions

After a week of testing, here’s how Quantower performed from my perspective as an experienced short-term trader:

• Execution Speed: Lightning-fast, crucial for scalping and day trading.
• Usability: Intuitive interface with deep customization options.
• Reliability: Stable during high volatility and peak trading hours.
• Standout Features: DOM, backtesting, Market Replay, and multi-monitor support stood out.
• Improvements Needed: While the desktop platform excels, mobile functionality is still under development, limiting flexibility for on-the-go traders.

Tips

Drawing on my time personally using the platform, here are my key tips to get the most out of the software:

• Maximize Hotkey Efficiency: Spend time setting up hotkeys to reduce the number of clicks required during high-stress trading moments.
• Leverage Chart Linking: Use the workspace linking feature to connect multiple charts and tools for synchronised analysis.
• Dive into the Community: Quantower has a vibrant user community where traders share custom indicators and scripts. For example, I discovered a volatility indicator shared in their forums.
• Experiment with Market Replay: Revisit historical market data to understand how your strategy performs under different conditions.

Pricing And Accessibility

Quantower offers flexible pricing options to cater to traders of all levels:

• Free Plan: Includes essential features like charting, fundamental indicators, and limited broker connections.
• Pro Plan: Unlocks advanced features such as multi-connectivity, algorithmic trading, and DOM. Pricing is competitive, with monthly and annual subscription options available.
• Lifetime License: This is for traders who want unlimited access without recurring fees.

I got a great feel for the system with a free seven-day trial. But I reckon the Pro Plan is the best value for short-term traders due to its access to multiple brokers and advanced tools like Market Replay and backtesting.

Paul Holmes

Author

Pros And Cons Of Quantower

Pros

Cons

Bottom Line

Quantower is a software that deserves your attention if you’re serious about day trading. It combines advanced features, intuitive design, and extensive broker support to give traders the tools they need to succeed.

While it may have a learning curve, the potential payoff in trading efficiency and precision is well worth the effort. Take it for a seven-day test drive, and it might become your new trading command centre.