IG Officially Goes Live on MT4, EUR USD Offered at 1.2 Pips Spread

London head quartered, IG, part of the IG Group of companies has launched 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), the most popular Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term used by retail FX traders and brokers. IG a leading FX and CFD broker became the second high-profile multi asset CFD broker to offer the MT4 platform as an addition to its proprietary software.

IG will commence trading on the MT4 terminal with a selection of currency pairs. Users will have access to major, minor, Australasian and Scandinavian FX instruments, the firm will offer a total of 34 currency pairs. Spreads on the most liquid currency pairs such as EUR USD and USD JPY will be quoted as low as 1.2 pips, however the firm states on its website that typical spreads will be around 1.9 pips.

IG, a UK listed firm saw its share price close in the green on the 5th of September, shares were up 0.61% at 580.50.

David Jones, chief market strategist at IG commented in a statement: "It's really easy to install and activate MT4 with an IG account. We think that MT4 is a powerful addition to the suite of tools and technology we make available to clients to help them take advantage of market opportunities."

IG, was originally founded as IG Index which stands for Investors Gold Index by Stuart Wheeler in 1974 as a spread betting firm. In its last full year earnings, the firm recorded a net profit of £192.2m.

As an add-on to the launch of MT4, IG has prepared an infographic to help its clients take advantage of keyboard shortcuts for the MT4 platform. Most of the UK's leading CFD brokers have incorporated a range of platforms in their portfolio which include MT4, however the only major broker that does not offer the platform is CMC Markets.