HotForex, a foreign exchange and CFDs brokerage, has expanded its offering through incorporating the MetaTrader 5 (MT5) trading platform into its live trading infrastructure. The MT5 arrival follows on the launch of HotForex’s proprietary copy trading platform, dubbed “HFCopy,” to clients globally earlier this year.
According to a statement issued by the company, the MT5 platform will feature a full set of financial instruments, flexible leverage, which will allow traders using the previous platform version to apply their preferred strategies, and hedging capabilities. The platform will be available across multiple platforms such as desktop and mobile.
MetaTrader 5, successor to the popular MT4, offers retail forex traders many features that were previously only available on institutional level platforms.
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HotForex is a brand name of HF Markets Group and presently holds licenses under the Financial Sector Conduct Authority (FSCA) in South Africa, Financial Services Commission (FSC) of the Republic of Mauritius, Cyprus Securities and Exchange Commission (CySEC), Seychelles Financial Services Authority (FSA) and is incorporated in St. Vincent & the Grenadine as an International Business Company.
The Rise of MT5 Platforms
More brokers are actively switching to MT5, which expands demand for offering and complementing the platform’s features. As such, technology providers such as Tradologic and Fortex Inc. were keen to satisfy this demand by further pushing the deployment of the platform and its infrastructure, allowing brokers to streamline their operations and empowering them to focus their resources on growth.
Commenting on the news the CEO of HotForex, George Koumandaris, said: “We are aware that every trader is different, and we are always looking to ensure that our clients have the necessary tools to trade according to their preferred style, using the device of their choice.
“Providing the MetaTrader 5 platform is the perfect extra boost that our clients need in order to enjoy even more trading possibilities. We are demonstrating that HotForex will continue offering the best possible trading solutions on the market”.