Exclusive: 24option Implements MT4 Platform

Less than three months after launching its own Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term for foreign exchange (FX) and contracts-for-difference (CFDs), 24option has integrated MetaTrader 4 (MT4) MetaTrader 4 (MT4) MetaTrader 4 (MT4) functions as a comprehensive platform for trading foreign exchange (FX), analyzing financial markets, and using expert advisors. Despite the emergence and adoption of the newer MT5 variant, MT4 has remained the dominant and de-facto platform utilized by brokers since its release by MetaQuotes Software since 2005.MT4 is widely used in the online retail foreign exchange space by traders. The software is licensed to FXbrokers who provide the software to their clients and consists MetaTrader 4 (MT4) functions as a comprehensive platform for trading foreign exchange (FX), analyzing financial markets, and using expert advisors. Despite the emergence and adoption of the newer MT5 variant, MT4 has remained the dominant and de-facto platform utilized by brokers since its release by MetaQuotes Software since 2005.MT4 is widely used in the online retail foreign exchange space by traders. The software is licensed to FXbrokers who provide the software to their clients and consists Read this Term) into its offering, which is now available for customers, Finance Magnates has learned.

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24option is one of the largest binary options brokerages in the industry, and it previously took steps to broaden its offering into FX and CFDs. Back in November 2016 the trading brand, which is operated by Rodeler Ltd, became the first major brokerage in the industry to use its own proprietary solution and broadly expand the asset offering of the company.

The 24option brand presently provides investment services mainly in Europe and is licensed by the Cyrus Securities and Exchange Commission (CySEC) as a Cyprus Investment Firm (CIF). The addition of the MT4 trading platform will help cater to its growing clientele as it looks to strengthen its FX and CFD services suite.

Such efforts are instrumental in attracting new clients, namely those who are seeking a more diversified offering beyond the binary options space. MT4 is the most widely used trading platform in the industry and will help 24option provide more comprehensive charting capabilities and real-time execution, in tandem with its existing functionality.

Finance Magnates reached out to 24option but it was unavailable for additional comment.