Being an early adopter of Tradency’s Mirror Trader had helped Japan’s Invast Securities take a leading role in copy trading in the country. In a similar move, charting analysis firm Autochartist has announced that FXTrade Financial has become the first Japanese broker to launch its product on MT4. For FXTrade, MT4 is one several third party platforms as it also offers trading on the ACT Forex system as well as binary options through a white label with MarketsPulse.
While in much of the world MT4 is the staple of retail forex trading platforms, its use remains limited in Japan. This business model is partially due to many of the larger firms offering proprietary platforms as it provides them greater control of liquidity and handling of embedded programs. However, executives at brokers there have expressed interest in launching the platform. Similar to Invast, as an early adopter of MT4, FXTrade could benefit if a larger trend to favor the platform occurs within Japan.
FXTrade Financial – first Japanese broker to launch Autochartist on MT4
Tokyo, February 25th 2013 – FXTrade Financial (FXTF), the forex trading and binary options provider, has today announced it will be the first Japanese broker to launch Autochartist on an MT4 trading platform. Autochartist provides an award-winning automated technical analysis solution trhat is currently deployed by over 40 of the largest retail forex brokers worldwide.
Designed to scan vast amounts of data 24 hours a day, the Autochartist service will ensure FXTF clients receive notification of both emerging and completed Chart Patterns, Fibonacci Patterns and Key Levels, identifying high quality actionable trade opportunities in real time.
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Ilan Azbel, CEO of Autochartist said: “Our products have proved to be incredibly popular with brokers and their clients across Europe, the US, Australia and South East Asia. This move into Japan is a great step forward for us, and we are confident that FXTF’s clients will find the many benefits the service has to offer can genuinely enhance their trading expereince.
Mr. Junya Ota , FXTrade Financial Co. Ltd. commented: “We are the first FX broker in Japan to release “Autochartist” on MetaQuotes` MT4 and ActForex`s ActTrader, so we see this as a great step forward for our clients. Our target since we established the company is to deliver the very best trading proposition, and we are sure that ‘Autochartist’ is one of the best solutions to help us achieve our goal.”
About FXTrade Financial Co. Ltd
Established in June 2006, FXTrade Financial Co. Ltd strives to provide the highest quality, user-friendly FX Trading and Binary Option services for both PC and mobile users in Japan.
Autochartist was founded in 2004 and has partnered with many leading brokerage firms across the globe in Forex, CFDs, equities and commodities. Autochartist currently services more than 50 000 traders in over 80 countries worldwide, and delivers in excess of 400 000 trade opportunities per month. Committed to service excellence, tailoring solutions for particular clients, and never slowing down with developing innovative new products that deliver high-quality, actionable trade opportunities, Autochartist is the market leader in automated technical analysis.