OctaFX Joins the Metatrader 5 Crowd, Launches Live Trading

OctaFX, the FCA regulated retail forex brokerage, has expanded its offering through incorporating MetaTrader 5 (MT5) MetaTrader 5 (MT5) MetaTrader5 (MT5) is an all-in-one trading platform that enables the trading of forex, futures, and stocks. As a whole, MetaTrader5 is widely considered as one of the best applications for trading due to its capability of supporting algorithmic trading applications, such as Expert Advisors, Trading Robots, and Copy Trading. Functioning as a multi-asset platform, MetaTrader supports hedge trading which is widely employed by investors trading the foreign exchange market. MT5 supports market, trail MetaTrader5 (MT5) is an all-in-one trading platform that enables the trading of forex, futures, and stocks. As a whole, MetaTrader5 is widely considered as one of the best applications for trading due to its capability of supporting algorithmic trading applications, such as Expert Advisors, Trading Robots, and Copy Trading. Functioning as a multi-asset platform, MetaTrader supports hedge trading which is widely employed by investors trading the foreign exchange market. MT5 supports market, trail Read this Term) 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 into its live trading infrastructure, according to an official statement on its website.

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Previously available as a demo only, the MT5 launch was eagerly anticipated after the company enabled its clients to trade on the platform’s demo accounts earlier last month. This expands the range of trading platforms offered by the OctaFX further, with MetaTrader 4 and the cTrader already available.

In an announcement to its clients, the broker informs traders that MT5 will be packaged with its new Pro Account while the firm is expecting to announce revamped account types and conditions shortly. For those who wish to open multiple oppositely directed positions in the same instrument and use the locking feature, they must register for a new MT5 account and select the hedging system option.

MetaTrader 5, successor to the popular MT4, offers retail forex traders many features that were previously only available on institutional level platforms.

While this feature-rich online trading platform has been around for a while, brokers have been really slow to begin offering it. However, the growing list of forex brokers that launched MT5 recently could help resolve the chicken and egg dilemma, where there were no brokers offering it because traders are not familiar with, while on the other hand traders are not demanding it because nobody wa yets offering MT.

According to OctaFX, the MT5 platform supports a new user interface and enables users to open multiple trades for the same symbol including in opposing directions. In addition, it offers a new built-in Economic Calendar, two new types of pending orders and more than 80 built-in indicators among many others.

OctaFX established itself as a destination for dummy traders with only a $5 deposit required to open a trading account. The company’s regulatory profile shows that its brand Octa Markets was registered in 2011 in Saint Vincent and the Grenadines, but the APAC-focused retail broker has obtained the UK FCA license last year. Since July 1^st, 2015 OctaFX has been a sponsor of Southampton FC, one of England´s most distinguished Premier League teams.