MetaQuotes’ plan to have its MetaTrader 5 (MT5) platform replace its popular MT4 offering is gaining strength in Germany. FXFlat is becoming the first German broker to offer the newer and more advanced alternative over the long established MetaTrader 4.
Established in 1997, FXFlat is a trademark of independent and privately owned FXFlat Wertpapierhandelsbank GmbH. Considered a dominant player in Germany, it is a full-fledged STP broker regulated by the Federal Financial Supervisory Authority (BaFin). CapTrader – which is a part of the company – offers stocks, options and futures trading since 2009.
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According to Rafael Alexander Neustadt, CEO of FXFlat, the oneZero Hub gateway for interaction with Interactive Brokers is an additional argument in favor of MetaTrader 5 since it allows trading on major stock exchanges around the world.
“FXFlat is the first Germany based broker offering MetaTrader 5 including the Web and Mobile Terminal solution”, says Rafael Neustadt. “Since our huge success in the last few years with MetaTrader 4, this is a logical step to expand the product offering. We will utilize the Multi Asset capabilities of MetaTrader 5 and the Interactive Brokers API to offer Futures and Stocks trading on MetaTrader 5 along with the CFDs and Forex we just launched within 2017″.
“Although MetaTrader 4 is still one of the most popular trading platforms in Germany, I see a definitive uptick in traders looking for MetaTrader 5 brokers”, adds Sebastian Hell, trader and owner of meta-trader-5.de, a German blog about MetaTrader 5. “Many traders I know like to use both platforms nowadays. I am sure that MetaTrader 5 has a very bright future amongst German traders because it offers more possibilities for traders to build and create complex trading systems as well as more markets like CFDs, FX and on-exchange products”.