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 MetaTrader4 (MT4) 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.
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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:
“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.