Technology provider Panda Trading Systems is joining the growing crowd of MetaTrader 5 adopters. The firm is adding support for MetaTrader 5 from MetaQuotes Software. Panda TS is adding the solution to its CFDs and forex offering for online brokerages.
The launch follows up on an offering earlier this year, as Panda TS added cryptocurrencies to its suite. The technology provider to the brokerage industry added support for trading CFDs on several cryptocurrencies on its existing brokerage packages and platforms. The list includes Bitcoin, Ethereum, Litecoin, Peercoin, Dash, Namecoin and Novacoin.
At the time the company also added its new ‘Brokerage in a Box’ solution, allowing its customers to set up their own cryptocurrency brokerage entirely from scratch. The offering is complete with trading platforms, CRM, client area, PAMM facility and more.
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End users are currently able to make deposits, withdrawals and have accounts with a base currency in Bitcoin, with Panda promising that additional cryptocurrency support is currently in the works.
With the addition of MetaTrader 5, clients of Panda TS can set up a CFD brokerage from scratch in a very short span of time. The MetaTrader 5 offering that a brokerage can get includes an array of instruments such as FX, shares, indices, commodities, bonds and the aforementioned cryptocurrencies.
Commenting on the launch, the COO of Panda TS, Maor Lahav, said: “The sudden growth of interest in FX/CFD trading means that we’re seeing many more new brokerages with differing needs and business models.”
“MetaTrader 5’s built-in hedging functionality is a powerful solution for many brokers. It’s also a highly popular and robust trading platform that always had a solid following among traders,” he added.