TradingView, a global social network for traders covering the equity and foreign exchange markets, announced last week that it had added two new brokers to its platform – iBroker from Spain and ModalMais from Brazil. Both brokers are the first to be added to TradingView from their country.
This means the platform now has a total of eight brokers. ModalMais and iBroker join OANDA, Paper Trading by TradingView, CQG, Poloniex, Forex.com and АЛОР БРОКЕР (Alor Broker).
With the addition of the ModalMais home broker, traders will now be able to route orders to buy and sell futures and stocks in the Brazilian market from TradingView charts. TradingView can now also provide its users with the ability to operate B3 assets.
The brokerage supports four types of orders: market orders, limit orders, stop orders and stop-to-limit orders.
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ModalMais is a brand of Modal DTVM, which is a subsidiary of Banco Modal. Through its home broker, it offers investment products to retail investors in the Brazilian market.
The iBroker trading software is owned by iBroker Global Markets, which creates proprietary software for the trading of futures, forex, CFDs, options, and securities. The company is based in Madrid, Spain.
Expansion of TradingView
TradingView is a web service and one of the largest social networks for traders, with a platform for technical analysis. In recent years, TradingView’s charting solution has been rising in popularity. The company has marketed itself as a provider of smooth HTML5 charts that can encompass a diverse set of asset classes.
This expansion is not looking to slow down anytime soon, as the growth of its product is currently one of the company’s main goals.
Constantine Ivanov, CTO & Co-Founder at TradingView commented in an exclusive statement to Finance Magnates: “adding broker connections is a big goal for the next 12-18 months. Our users have shown a strong interest in managing their portfolios and trading from TradingView, so we are doing our best to add the most popular brokers from around the world as quickly as we can.”