Panda Trading Systems Latest Tech Provider to Adopt MetaTrader 5

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 Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term 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.

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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.

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 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 that always had a solid following among traders,” he added.