Broctagon Prime, a leading fintech business development, liquidity and technology provider, has unveiled a major change to its offering. The company is the latest from the financial services industry to roll out the MetaTrader 5 (MT5) platform to its clients.
MT5 supersedes the older MetaTrader 4 platform, widely regarded as the most popular and successful retail trading platform ever.
As such, it comes as no surprise that Broctagon has adopted the new terminal – after years of dominance by MT4, the MT5 platform is already gaining broader industry traction. The transformation began two years ago when MetaQuotes revealed a more targeted agenda to stimulate migration towards the newer platform.
As a large number of FX brokers have started shifting their offering into the multi-asset space, the need for a new trading frontend caused MetaTrader to stop updating its legacy platform and move on to focus on the 5th generation of the software. This included the rollout of new updates and an emphasis on new capabilities, essentially leaving MT4 behind.
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Broctagon Prime is a Cyprus-based financial technology provider that offers brokerages access to liquidity. The company also offers services such as risk management, technological solutions, reporting tools, customer report management (CRM), and a content management system. The firm’s clients include forex, binary options, and other derivatives trading brokerages.
Earlier in 2017, Broctagon Group launched a new Bitcoin offering in Southeast Asia, adding the digital currency to its existing range of products such as FX pairs, commodities, precious metals, and multi-asset derivatives.
Finance Magnates reported on the company when the Financial Commission, a dispute resolution service that caters to the financial services industry, announced the successful certification of the firm’s binary options platform.
Pantelis Michael, CEO of Broctagon Prime, commented: “We are pleased to offer our invaluable clients the technological advantage of trading on the MetaTrader 5 platform to equip them with the best tools currently available on the market.”