London head quartered, IG, part of the IG Group of companies has launched MetaTrader 4 (MT4), the most popular trading platform 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.
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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.