The Cyprus-based subsidiary of Polish brokerage, Cinkciarz.pl, which operates under the brand Conotoxia, has expanded its offering by incorporating the MetaTrader 4 (MT4) trading platform into its live trading infrastructure.
The addition of MetaQuotes’ MT4 allows Conotoxia clients to enjoy countless features, including thousands of charting tools, trading robots and technical indicators, as well as copy trading functionalities, alerts, financial news and mobile trading on iOS & Android.
Although the Russian software development company launched its successor, MT5, in 2010, the old version has yet to loosen its monopolistic grip on the retail FX trading. Since MT4 has stood the test of time, many traders still see it as an intrinsic part of their daily trading activity.
“Our goal is to provide a variety of tools and solutions, but the traders themselves will decide what they want to use. Traders working on MT4 may support themselves by indicators for data analysis and tools tailored to this platform. Now they can trade without changing their preferences and finally take advantage of our well-known and outstanding trading conditions on currencies, indices, commodities, and cryptocurrencies,” explains Mr. Grzegorz Jaworski, CEO at Conotoxia Ltd.
Conotoxia Expands Offering
Conotoxia, which also offers cTrader platform, has been consistently updating its offering. As Finance Magnates reported, the trading provider recently launched zero-fee trading on Indices CFDs. The new derivative instruments give the company’s clients exposure to 11 indices that include companies operating in different sectors and is traded across many exchanges worldwide.
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The addition of new CFDs was another step towards Conotoxia becoming a multi-asset brokerage, currently offering CFDs on shares, indices, and commodities as well as Forex.
Conotoxia Ltd. is a member of Conotoxia Holding group, and it was originally launched in 2017. It initially offered the same services available through Cinkciarz’s core products: currency exchange, money transfers, and payments. Though the two brands were supposed to be functioning alongside one another, using the same registered graphic trademark, one embraced a fully regulated retail brokerage offering.
Adding that the forex markets to Conotoxia’s payment services not only appealed to its current clients but also provides a diversification opportunity for the company.
Until recently, Cinkciarz.pl was associated with the currency exchange in three models: bank account transactions, currency wallet transactions and social transactions. As such, the driving force behind Conotoxia becoming a brokerage firm was to cash in on loyalty of its multinational customer base and to provide a single source of FX transactions.