GFT soft launches MT4

by Michael Greenberg
    GFT soft launches MT4
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    GFT is the latest broker to succumb to MT4's overwhelming popularity. GFT hasn't officially announced this but it has quietly launched the MT4 platform powered by Boston Technologies, as some of you heard on the Forex Magnates Linkedin group almost a month ago. This is a soft launch for now as GFT would like to see the platform gradually roll out and ensure there are no glitches or bugs left. You can't find it on GFT's website yet but you can call GFT and ask for a MT4.

    There's not much else to add here beside noting that MT4 is all but controlling most of the forex software market while Boston Technologies bags another large client for its MT4 managed package.

    Three months ago only 2 brokers out of the top ten largest forex brokers didn't offer Metatrader 4 - Oanda and Saxo Bank. However in January 2011 Oanda announced that it was rolling out MT4 to its clients. Saxo Bank is therefore the last broker standing - being the last large broker which hasn't added MT4 yet - but I am hearing that this too may change soon as several MT4 Bridge providers are competing for Saxo's attention.

    I estimate that around 65-70% of all forex brokers offer MT4 (at least as one of their platforms) while Metatrader 4 is responsible for about 50-60% of total retail forex volume (except in Japan).

    GFT is the latest broker to succumb to MT4's overwhelming popularity. GFT hasn't officially announced this but it has quietly launched the MT4 platform powered by Boston Technologies, as some of you heard on the Forex Magnates Linkedin group almost a month ago. This is a soft launch for now as GFT would like to see the platform gradually roll out and ensure there are no glitches or bugs left. You can't find it on GFT's website yet but you can call GFT and ask for a MT4.

    There's not much else to add here beside noting that MT4 is all but controlling most of the forex software market while Boston Technologies bags another large client for its MT4 managed package.

    Three months ago only 2 brokers out of the top ten largest forex brokers didn't offer Metatrader 4 - Oanda and Saxo Bank. However in January 2011 Oanda announced that it was rolling out MT4 to its clients. Saxo Bank is therefore the last broker standing - being the last large broker which hasn't added MT4 yet - but I am hearing that this too may change soon as several MT4 Bridge providers are competing for Saxo's attention.

    I estimate that around 65-70% of all forex brokers offer MT4 (at least as one of their platforms) while Metatrader 4 is responsible for about 50-60% of total retail forex volume (except in Japan).

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