FxPro Adds New Account Type for MT4 with Market Execution
- FxPro adds market execution option to MT4, following MT5 and cTrader platforms.
A new account type has been launched by online broker FxPro, the brand operated by regulated entities in the UK and Cyprus and under the FxPro Group Limited parent company as the firm announced today that it is offering market execution in its 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 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 Read this Term) platform offering.
While MT4 has been offered already for some time by the firm, the execution style in a market execution account provides clients with additional options, compared to other execution methods available at FxPro.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
Market execution was already available in MT5 and cTrader platforms offered by the broker, and it added it to MT4 in response to client demand as per a quote by the FxPro CEO, Charalambos Psimolophitis, who said in the press release:
Charalambos Psimolophitis
Source: FxPro
“After closely inspecting our clients’ requests, we have decided to proceed with offering market execution on our MT4 platform while lowering our spreads even more. We expect that this development will be well-received by traders. As always, we appreciate any feedback by our clients as we continue to work towards enhancing and expanding our product range.”
The company has been publishing execution statistics for accounts subject to its other execution styles, where slippage can be positive or negative to clients, just like in the normal interbank market among dealers.
A new account type has been launched by online broker FxPro, the brand operated by regulated entities in the UK and Cyprus and under the FxPro Group Limited parent company as the firm announced today that it is offering market execution in its 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 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 Read this Term) platform offering.
While MT4 has been offered already for some time by the firm, the execution style in a market execution account provides clients with additional options, compared to other execution methods available at FxPro.
The new world of Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term, fintech and marketing – register now for the Finance Magnates Tel Aviv Conference, June 29th 2016.
Market execution was already available in MT5 and cTrader platforms offered by the broker, and it added it to MT4 in response to client demand as per a quote by the FxPro CEO, Charalambos Psimolophitis, who said in the press release:
Charalambos Psimolophitis
Source: FxPro
“After closely inspecting our clients’ requests, we have decided to proceed with offering market execution on our MT4 platform while lowering our spreads even more. We expect that this development will be well-received by traders. As always, we appreciate any feedback by our clients as we continue to work towards enhancing and expanding our product range.”
The company has been publishing execution statistics for accounts subject to its other execution styles, where slippage can be positive or negative to clients, just like in the normal interbank market among dealers.