Exclusive: 24option Implements MT4 Platform
- Less than three months after transitioning to FX and CFDs, 24option has begun offering MetaTrader4.
Less than three months after launching its own Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools. In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools. Read this Term for foreign exchange (FX) and contracts-for-difference (CFDs), 24option has integrated MetaTrader 4 (MT4) MetaTrader 4 (MT4) MetaTrader 4 (MT4) functions as a comprehensive platform for trading foreign exchange (FX), analyzing financial markets, and using expert advisors. Despite the emergence and adoption of the newer MT5 variant, MT4 has remained the dominant and de-facto platform utilized by brokers since its release by MetaQuotes Software since 2005.MT4 is widely used in the online retail foreign exchange space by traders. The software is licensed to FXbrokers who provide the software to their clients and consists of both a client and server component. The server component is run by the broker and the client software is provided to the broker’s customers, who use it to see live streaming prices and charts, to place orders, and to manage their accounts. Mobile trading, Trading Signals and the Market are the integral parts of MT4 that collectively look to bolster trader’s experiences with the platform. Why MT4 is Still Popular Since its inception, the proliferation of MT4 has been due in large part to its ability for end users to write their own trading scripts and robots that could automate trading. This has been a large draw for brokers, who have made this platform the industry standard for over a decade.Presently, millions of traders use MT4 globally for their trading needs making it one of the most successful platforms of all time. MT4 also appeals to a broad spectrum of traders of all skill levels, adding to its flexibility amongst brokers.The platform leverages advanced technical analysis, flexible trading system, algorithmic trading and expert advisors, as well as mobile trading applications. MetaTrader supports 31 languages while the installation takes no more than a few minutes to complete. Overall, MT4 is also a versatile program for brokers, given its availability on Windows, MacOS, and Linux. MetaTrader 4 (MT4) functions as a comprehensive platform for trading foreign exchange (FX), analyzing financial markets, and using expert advisors. Despite the emergence and adoption of the newer MT5 variant, MT4 has remained the dominant and de-facto platform utilized by brokers since its release by MetaQuotes Software since 2005.MT4 is widely used in the online retail foreign exchange space by traders. The software is licensed to FXbrokers who provide the software to their clients and consists of both a client and server component. The server component is run by the broker and the client software is provided to the broker’s customers, who use it to see live streaming prices and charts, to place orders, and to manage their accounts. Mobile trading, Trading Signals and the Market are the integral parts of MT4 that collectively look to bolster trader’s experiences with the platform. Why MT4 is Still Popular Since its inception, the proliferation of MT4 has been due in large part to its ability for end users to write their own trading scripts and robots that could automate trading. This has been a large draw for brokers, who have made this platform the industry standard for over a decade.Presently, millions of traders use MT4 globally for their trading needs making it one of the most successful platforms of all time. MT4 also appeals to a broad spectrum of traders of all skill levels, adding to its flexibility amongst brokers.The platform leverages advanced technical analysis, flexible trading system, algorithmic trading and expert advisors, as well as mobile trading applications. MetaTrader supports 31 languages while the installation takes no more than a few minutes to complete. Overall, MT4 is also a versatile program for brokers, given its availability on Windows, MacOS, and Linux. Read this Term) into its offering, which is now available for customers, Finance Magnates has learned.
To unlock the Asian market, register now to the iFX EXPO in Hong Kong.
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.
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.
Less than three months after launching its own Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools. In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools. Read this Term for foreign exchange (FX) and contracts-for-difference (CFDs), 24option has integrated MetaTrader 4 (MT4) MetaTrader 4 (MT4) MetaTrader 4 (MT4) functions as a comprehensive platform for trading foreign exchange (FX), analyzing financial markets, and using expert advisors. Despite the emergence and adoption of the newer MT5 variant, MT4 has remained the dominant and de-facto platform utilized by brokers since its release by MetaQuotes Software since 2005.MT4 is widely used in the online retail foreign exchange space by traders. The software is licensed to FXbrokers who provide the software to their clients and consists of both a client and server component. The server component is run by the broker and the client software is provided to the broker’s customers, who use it to see live streaming prices and charts, to place orders, and to manage their accounts. Mobile trading, Trading Signals and the Market are the integral parts of MT4 that collectively look to bolster trader’s experiences with the platform. Why MT4 is Still Popular Since its inception, the proliferation of MT4 has been due in large part to its ability for end users to write their own trading scripts and robots that could automate trading. This has been a large draw for brokers, who have made this platform the industry standard for over a decade.Presently, millions of traders use MT4 globally for their trading needs making it one of the most successful platforms of all time. MT4 also appeals to a broad spectrum of traders of all skill levels, adding to its flexibility amongst brokers.The platform leverages advanced technical analysis, flexible trading system, algorithmic trading and expert advisors, as well as mobile trading applications. MetaTrader supports 31 languages while the installation takes no more than a few minutes to complete. Overall, MT4 is also a versatile program for brokers, given its availability on Windows, MacOS, and Linux. MetaTrader 4 (MT4) functions as a comprehensive platform for trading foreign exchange (FX), analyzing financial markets, and using expert advisors. Despite the emergence and adoption of the newer MT5 variant, MT4 has remained the dominant and de-facto platform utilized by brokers since its release by MetaQuotes Software since 2005.MT4 is widely used in the online retail foreign exchange space by traders. The software is licensed to FXbrokers who provide the software to their clients and consists of both a client and server component. The server component is run by the broker and the client software is provided to the broker’s customers, who use it to see live streaming prices and charts, to place orders, and to manage their accounts. Mobile trading, Trading Signals and the Market are the integral parts of MT4 that collectively look to bolster trader’s experiences with the platform. Why MT4 is Still Popular Since its inception, the proliferation of MT4 has been due in large part to its ability for end users to write their own trading scripts and robots that could automate trading. This has been a large draw for brokers, who have made this platform the industry standard for over a decade.Presently, millions of traders use MT4 globally for their trading needs making it one of the most successful platforms of all time. MT4 also appeals to a broad spectrum of traders of all skill levels, adding to its flexibility amongst brokers.The platform leverages advanced technical analysis, flexible trading system, algorithmic trading and expert advisors, as well as mobile trading applications. MetaTrader supports 31 languages while the installation takes no more than a few minutes to complete. Overall, MT4 is also a versatile program for brokers, given its availability on Windows, MacOS, and Linux. Read this Term) into its offering, which is now available for customers, Finance Magnates has learned.
To unlock the Asian market, register now to the iFX EXPO in Hong Kong.
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.
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.