Reforms in OctaFX Broker: Joins Metatrader 5 Platform and Revamps Metatrader 4 and cTrader For Live Trading

[Dele Alli]

OctaFX broker is one of the most popular and revolutionary online forex brokers in present scenario, providing service in more than 100 countries and bagging many accolades for its outstanding contribution. It joins the Metatrader 5 and launches live trading and reshaped some of it’s existing forex trading platforms.

 

What is Metatrader 5

It is fifth generation of trading platform, produced by the leading software developer Meta Quotes Corp. OctaFX broker, the FCA regulated retail forex brokerage has finally incorporated Metatrader 5 after offering it’s demo version previously. It expands the range of trading platforms under this retail online broker company.

 

Features of Metatrader 5

MT5 sports a new interface, enable users to frame assets at 21 timeframes and have 100 separate currency charts open at any given time. It offers,

 

§  Netting and hedging systems

 

§  Analyze trends with more than 80 built-in indicators, 31 technical indicators and 23 analytical objects

 

§  The program interface has been translated into 41 languages making it universal

 

§  Backtestand optimize EAs in advance Strategy Tester and add 44 new instruments

 

§  Update news releases with Economic calendar which is built-in

 

§  Incorporating ‘Buy Stop Limit’ and ‘Sell Stop Limit’ orders for pending orders

 

§  Available on PC, Android, iOS and web platforms.

 

Revamping of Existing Trading Platforms By OctaFX

Increasing the MT5 user offering in future, OctaFX broker is reshaping it’s existing trading platforms like Metatrader 4 and cTrader. Meanwhile, it’s micro and ECN accounts have been retired as their features were shifted to new MT4 micro account, but they are still available to old users. Remodeled cTrader ECN account will be providing to traders who want to trade via Direct Market Access (DMA) technology. OctaFX broker will offer raw spreads from 0.0 pips, low commission and 35 currency pairs along with gold, silver and level II quotes.

 

The Way Ahead

It has been announced that Metatrader 5 will be packaged with OctaFX broker’s new Pro Account and according to them, MT5 enable users to open multiple trades for same symbol including in opposite directions within a commission free environment. It was confusing to program MT5 within the system by forex brokers as there was no prior experience with this new platform. But OctaFX broker has taken the chance and made it user-friendly to the traders.