The Australian subsidiary of the Japanese brokerage DMM FX has announced that it is introducing an alternative trading solution for its clients. The brokerage has partnered with ChartIQ to introduce the charting developer’s WebTrader package. The move complements an MT4 centered solution which is currently being offered to the company’s clientele.
The brokerage is aiming to offer as many options as possible after in December last year it complemented its MT4 offering with the WebTrader version of the software. DMM FX is undertaking an aggressive strategy in Australia as it aims to attract clients to its already successful business model operating in Japan.
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The ChartIQ WebTrader platform is compatible with all browsers and one is available for free to all clients of the brokerage. The CEO of DMM FX commented on the matter: “The addition of the ChartIQ WebTrader platform provides a seamless transition for our clients, with no additional software download requirements or change to existing login details. This fulfills client demands for cutting edge charting and technical analysis tools, together with rapid order execution.”
The solution is delivering the necessary tools to clients that are not willing to trade via any of the variations of MT4 that DMM FX offers. The firm is still using the MT4 solution from MetaQuotes for its traders that are keen to transact via mobile operating systems such as iOS and Android.
ChartIQ is white labeling its HTML5 based trading platform with a lot of demand since it can easily be hosted on MT4 servers. The company claims that execution speeds can be as low as 15ms with over 50 technical indicators currently available.