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.
According to the statement, the MT5 platform will feature a full set of financial instruments, leverage up to 1:1000, which will allow traders using the previous platform version to apply their preferred strategies, and hedging capabilities. The platform will be available across multiple platforms such as desktop and mobile.
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.
The rise of MT5 platforms
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 the CEO of HotForex, George Koumandaris, said: “We are aware that every trader is different, and we are always looking to ensure that our clients have the necessary tools to trade according to their preferred style, using the device of their choice.
“Providing the MetaTrader 5 platform is the perfect extra boost that our clients need in order to enjoy even more trading possibilities. We are demonstrating that HotForex will continue offering the best possible trading solutions on the market”.
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