FXCM Inc. (NYSE:FXCM), the online brokerage for foreign exchange and CFDs trading, has unveiled a new partnership that is directly aiming at brokers that use one of the best alternatives to MT4. The company will provide access to PFSOFT’s trading platform Protrader through the FIX API protocol.
The solution which PFSOFT has been developing over the past couple of years has been acclaimed by professional and retail traders alike, and the new trading platform offering with FXCM liquidity will be delivering price quotes on both CFDs and foreign exchange instruments.
Commenting on the new partnership, the Global Head of Business Development, Roman Nalivayko, said: “Combining the Protrader solution with FXCM’s robust liquidity we have created one of the world’s leading trading solutions for FX and CFD brokers.”
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The FIX API protocol has been established as an industry standard and the solution from FXCM Inc and PFSOFT brings to the market a strong alternative to rather standard MT4 offerings.
The Managing Director of FXCM Pro, Brandon Mulvihill, elaborated: “PFSOFT is a long time specialist in the field of multi asset platform functionality. FXCM’s FX execution performance handles on average over 500,000 trades per day, and our newly developed enhanced CFD execution model was built to handle automated trading on products such as index CFDs.”
“As brokers today mandate best in breed models, the combination of FXCM’s FX and CFD expertise coupled with PF SOFT’s array of instruments offered is an extremely robust and powerful combination for brokers globally,” he explained.
FXCM Inc (NYSE:FXCM) has also highlighted in its announcement that it stands ready to offer credit facilities to qualified Protrader brokers. The company has recently upgraded its market making technology for CFD trading, enabling scalpers and algo traders to trade index CFDs without trade restrictions.