When a system is as ingrained in an industry as the MetaTrader4 (MT4) platform is ingrained into the online trading industry, it is hard for new competitors to emerge on the scene. However, from time to time we can see evidence the process is really gaining steam.
Axiory Global Ltd, a firm based in Belize where it is regulated by the IFSC (International Financial Services Commission), has become the latest FX brokerage to adopt Spotware Systems’ cTrader platform.
Axiory CEO and co-founder David Kasper said: “We have judged it possible to further support customer needs by matching cTrader with our company policies of fairness and transparency, and have provided an STP (no handling fee) method cTrader standard account and an ECN (with handling fee) method cTrader non-spread account.
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At Axiory, we think it will be possible to expect increased transaction volumes and customer convenience, and more flexible options than ever before by offering the new cTrader service in addition to MetaTrader4 that has been available to date.”
The Axiory brand is operated under two regulated entities including R Capital Solutions Ltd. for its CySEC regulated EU-focused offering, and Axiory Global Ltd regulated for non-European business.
Back in Febuary 2016 it was revealed that the California-based financial technology developer Fortex Inc. has cemented a partnership to provide its web-based MT4 Webtrader to Axiory.