Java Global Futures, a regulated Indonesian brokerage firm, has expanded its offering through incorporating theMetaTrader 5 (MT5) trading platform into its live trading infrastructure, according to a statement on MetaQuotes Software’s website.
The Jakarta-based broker said that the new generation MT5 platform goes one step further by simplifying the trading process for clients. It differs from the genuine version in terms of its more progressive algorithms for processing client operations, its speed and ease of use when conducting trades.
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MetaTrader 5, successor to the popular MT4, offers retail forex traders many features that were previously only available on institutional level platforms.
Java Global Futures is authorised and operates under the supervision of Indonesia’s Commodity Futures Trading Regulatory and is a member of JFX, IDCH, and ASPEBTINDO. The firm has become the first broker in the country to offer the multi-asset HFT platform to its traders.
Vincent Yohanes Chandra, COO of Jakarta Futures Exchange, said that the Indonesian market is still very new to MetaTrader 5, since its members are mostly familiar with MetaTrader 4. It added that the new platform initially faced a lot of rejections but they have been working very hard in educating clients and marketing the benefits of MetaTrader 5 compared to MetaTrader 4, and the approach has been showing results recently.
“According to our information, MetaTrader 5 prospects in Indonesia are quite promising, since it is an updated version of MetaTrader 4 which adds more features than the previous one. We think, MetaTrader 5 can be a success in Indonesia, since traders in Indonesia are growing as well as brokerage firms,” he concluded.