Yet another international broker has selected the latest MetaQuotes foreign exchange (forex) trading platform, MetaTrader 5, with VPFX launching MT5 with the hedging option, MetaQuotes announced this Tuesday.
VPFX is a trading name of Ventura Prime FX Limited, registered in Labuan FT, Malaysia. Now, clients of the broker can access the MetaTrader 5 platform via Android and iOS devices, as well as the desktop and web platforms.
According to the statement released by MetaQuotes, under the agreement announced this Tuesday, VPFX now offers more than 200 instruments through the MetaTrader 5 platform, as well as tight spreads.
The international broker decided to launch the FX Trading Platform in order to help it expand into the MENA market because it allows the firm to offer additional asset classes from various exchanges, the company said.
Commenting on the announcement, Alpesh Patel, the CEO of VPFX, said in the statement: "We support the current industry-wide shifting to MetaTrader 5. The updated platform offers advanced functionality for experienced users. Furthermore, its cutting-edge analytical tools will definitely enhance our clients' financial trading experience."
MetaTrader 5 continued adoption
The MetaTrader 4 and MetaTrader 5 platforms were developed by MetaQuotes and have become an industry standard for Forex trading. Although MetaTrader 4 remains as the dominant trading platform between the two versions, brokers are increasingly adopting the MT5 platform, which expands demand for the offering and enhances the platform's features.
In recent months a suite of brokers across the world and trading providers have adopted the platform. In particular, two large brokers onboarded the platform - AvaTrade and OANDA Japan in March.
Furthermore, VIPTRADE recently adopted the MetaTrader 5 platform in October. AsFinance Magnates reported, in the same month, Australian based broker AETOS began offering the platform to its clients, as did Chilean broker MercadosG in September.
