In FXIFY Futures, Level 1 data is available for free on the platform, while traders can upgrade to Level 2 data for a $39 monthly fee.
Here’s the difference between the two:
Level 1 Data: This provides essential market information, including the current bid and ask prices, last traded price, and trading volume. It’s useful for getting a basic view of the market and is suitable for most traders.
Level 2 Data: This offers a more detailed view, showing the order book with multiple bid and ask prices at different price levels. Level 2 data helps traders see the depth of the market, showing where buy and sell orders are placed at various prices. This information can give a more comprehensive insight into market movements and is particularly beneficial for active traders.
If you’re interested in upgrading to Level 2 data, please click on the upgrade market data option in your account dashboard.