Penson expands retail FX with MT4

Metatrader 4 is still going strong as the leading platform for retail FX traders, Penson Futures, a member of the Penson Worldwide and clearing member, has expanded its retail FX trading solution with the launch of 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).

Penson said MT4 is a multi-currency, multilanguage platform, complete with its fully customizable front end. It also provides technical analysis and automated trading strategies, addressing the needs of the advanced FX traders.

According to Penson, its introducing broker clients can enhance their FX trading with MT4's user-friendly interface, which offers a variety of features necessary for today's active trader.

Penson Futures CEO John Streich said that MT4's customizability and in-depth analysis simplify the trading process and that made them a natural fit as a partner.

Penson claims that it now supports three FX trading platforms. In addition to MT4, Penson supports

customers using the Strategy Runner platform and the Currenex Viking platform.

Penson Financials is one of the major clearing members in UK and US offering futures. It deals with both institutional and retail clients in offering access to Equities Equities Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Equities can be characterized as stocks or shares in a company that investors can buy or sell. When you buy a stock, you are in essence buying an equity, becoming a partial owner of shares in a specific company or fund.However, equities do not pay a fixed interest rate, and as such are not considered guaranteed income. As such, equity markets are often associated with risk.When a company issues bonds, it’s taking loans from buyers. When a company offers shares, on the other hand, it’s selling pa Read this Term, futures, fixed income, FX, Prime Brokerage and Settlement.

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