INFINOX Global announced on Thursday that it has expanded its offering with the addition of the MetaTrader 5 (MT5) trading platform for its clients in the South East Asian markets.
“INFINOX Capital launches MetaTrader 5 for South-East Asian markets. Clients from this region are now able to trade forex pairs, commodities, indices, futures and equities, including well-known corporation stocks such as Facebook and Apple,” the brokerage wrote on a social media post.
MT5 Is Making Its Way
MT5 is a trading platform developed by MetaQuotes Software. The platform was launched in 2010 as an upgraded version of its predecessor MetaTrader 4, which is very popular among traders.
Though MT5 brought several additional features like trading support with shares and an array of extra indicators, charting tools and other techniques, it did not receive a good response from traders and brokers initially. However, MetaQuotes stopped issuing new MT4 licenses and is now pushing brokers to adopt the upgraded trading platform.
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Earlier this year, the Russian software company revealed that the number of companies offering the MT5 platform exceeded MT4, but the trading volume on MT4 still remains much higher.
With the latest addition of MT5, INFINOX has complemented its trading platforms as it is already providing MT4.
The global platform offers trading with forex and CFDs of equities, indices, commodities and futures. It is one of the few retail brokers that offer true ECN services, along with the standard STP accounts.
Earlier this year, INFINOX onboarded Michael O’Sullivan as its technology head with the responsibility to ramp up its product offering and strengthen its trading infrastructure.