Less than three months after launching its own trading platform for foreign exchange (FX) and contracts-for-difference (CFDs), 24option has integrated MetaTrader4 (MT4) into its offering, which is now available for customers, Finance Magnates has learned.
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24option is one of the largest binary options brokerages in the industry, and it previously took steps to broaden its offering into FX and CFDs. Back in November 2016 the trading brand, which is operated by Rodeler Ltd, became the first major brokerage in the industry to use its own proprietary solution and broadly expand the asset offering of the company.
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The 24option brand presently provides investment services mainly in Europe and is licensed by the Cyrus Securities and Exchange Commission (CySEC) as a Cyprus Investment Firm (CIF). The addition of the MT4 trading platform will help cater to its growing clientele as it looks to strengthen its FX and CFD services suite.
Such efforts are instrumental in attracting new clients, namely those who are seeking a more diversified offering beyond the binary options space. MT4 is the most widely used trading platform in the industry and will help 24option provide more comprehensive charting capabilities and real-time execution, in tandem with its existing functionality.
Finance Magnates reached out to 24option but it was unavailable for additional comment.