HotForex, a foreign exchange and CFDs brokerage, has expanded its offering through incorporating the MetaTrader 5 (MT5) trading platform into its live trading infrastructure. The MT5 arrival follows on the launch of HotForex’s proprietary copy trading platform, dubbed “,” to clients globally earlier this year.
The Cyprus-based broker said that the new generation MT5 platform goes one step further by simplifying the trading process for clients. It differs from the genuine version in terms of its powerful algorithms for processing client operations, its speed and ease of use when conducting trades.
MetaTrader 5, successor to the popular MT4, offers retail forex traders many features that were previously only available on institutional level platforms.
presently holds licenses under the FSC and the Financial Service Authority (SVGFSA) as well as CySEC. It recently added the licensing of the Financial Services Board (FSB) of South Africa via HF Markets (SA) Ltd.
More brokers are actively switching to MT5, which expands demand for . As such, technology providers such as Tradologic and Fortex Inc. were keen to satisfy this demand by further pushing the deployment of the platform and its infrastructure, allowing brokers to streamline their operations and empowering them to focus their resources on growth.
Commenting on the news, a HotForex spokesperson said, “HotForex is aware that every trader is different, and is always looking to ensure its clients have the tools they need to trade in their preferred style, on the device of their choice. Our wide variety of trading platforms is perfect for both the desktop trader and the trader who wants to place an order on the move. We believe that providing the MT5 platform in addition to our MT4 is the perfect extra boost that traders need in order to enjoy even more trading possibilities.”
Be First to Comment