City Index Launching MetaTrader 4

After teasing the product as coming soon on its website, UK based City Index has announced that they are launching the MetaTrader 4 platform to clients. The announcement comes as IG has also stated its intentions to offer MT4 and began public demo testing of the product. For City Index, while MT4 is new to the broker, the product had existed previously at its FX Solutions subsidiary which was closed earlier this year, shortly after it exited the US market. The platform will also become available to City Index's, IFX brand clients.

In announcing the product, City Index stated that clients will have access to additional features than the traditional MT4 platform includes, saying “City Index’s bespoke MT4 offering will provide clients with a more extensive trading package than what is currently offered by the orthodox 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 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 Read this Term”. Among the additional features is ‘Price Tolerance’, described as “a new feature that enables clients to control the amount of Slippage Slippage In financial trading, slippage refers to the difference in price between the price an order was intended or expected to be filled and the actual price an order was filled. Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. For example, in forex trading, if a trader places a trade intending to enter a buy on the EUR/USD at 1.1080, but they only get into the market at a price In financial trading, slippage refers to the difference in price between the price an order was intended or expected to be filled and the actual price an order was filled. Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. For example, in forex trading, if a trader places a trade intending to enter a buy on the EUR/USD at 1.1080, but they only get into the market at a price Read this Term they are willing to accept when trading”. In addition, City Index announced that MT4 will be compatible with other platforms, with users also being able to access their accounts on City’s full range of desktop and mobile based platforms.

Commenting on the news, Paul Cassidy, Global Head of Marketing at City Index, said “at City Index we are dedicated to providing our FX clients with the very best retail trading services. FX trading is a major growth area and we have taken one of the most popular FX trading platforms, MT4, with its multitude of exciting customisable features and trading tools, and developed a number of enhancements to provide customers with a powerful platform that remains easy to use.”