Brokers that are keen to provide physical bullion delivery to their clients have one more option from today. The developer of the most popular trading platform for retail FX and CFDs traders, MetaQuotes Software, is announcing a plugin that will integrate the feature into MetaTrader 5.
The platform has been at the forefront of the retail trading industry in 2017, driving changes across in multi-asset trading, as the developer of the product decided to slowly phase out the legacy MT4 solution. The growing list of brokers that are providing a MetaTrader 4 solution warrants that the new technological innovations will be coming exclusively to the fifth generation of the software suite.
Middle Eastern Developer Noor Index Chips In
Sizeable demand for physical gold is coming from the Middle East. Today’s announcement that a tech company from the region is deploying a solution that facilitates such transactions can’t be surprising to an industry that is at the same time more keen to expand into this part of the MENA area.
Big brokers have the advantage to leverage their big balance sheets and sometimes develop their own solutions or partner with external platform providers. The MT5 plug-in, however, is accessible to brokers of all sizes and is a much-needed solution for smaller firms willing to offer all of its products from a single platform.
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The Bullion Physical Trading plugin for the MetaTrader 5 platform enables physical delivery of gold and silver.
Commenting on the development of the solution, the CEO of Noor Index Software Solution, Ali Khader, said: “Brokers are now able to offer their clients an advanced method to diversify their investment portfolio using a trading solution fully integrated with MetaTrader 5.”
“We strongly believe that Bullion Physical Trading for MetaTrader 5 will become extremely popular among brokers, investors and bullion dealers, while physical trading will be one of the factors that will revolutionize the trading industry.” Mr Khader elaborates.
Bitcoin’s Shine Eclipsed Gold in 2017
Truth to be told, this year the physical gold market has lost its luster as Bitcoin continues to perform strong. But having one more provider of physical delivery of the yellow metal is most welcome to the market.
The growing popularity of crypto assets as a safe haven against the money printing machines of central banks is currently trending and is set to accelerate if inflation returns to the fray. In contrast to cryptos, however, the value of gold has been a store of value for centuries and its timelessness is indisputable.