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Phillip Futures becomes first forex broker to adopt MT5 in Singapore

Jul 07 2017
By
Jonathan Smith

 Phillip Futures, a Singapore forex broker, member of the PhillipCapital Group, said it is the first broker in the country to adopt the multi-asset trading platform MetaTrader 5 (MT5). Trading on MT5 is already available.

 
“Our clients are getting more sophisticated, so they seek an all-encompassing trading system,” explained Teyu Che Chern, Chief Executive Officer of Phillip Futures. “MT5 is the answer to our clients’ need for a multifunctional trading platform that equips them with more innovative tools to trade forex.”
 
MT5 is the more advanced successor of the extremely popular MT4 platform, which is still offered by the vast majority of forex brokers across the world. Since the introduction of the hedging option to MT5 last spring, it has started gaining popularity among forex brokers and traders, not least thanks to the efforts of developer MetaQuotes Software to promote it.  
 
Similarly to its predecessor, MT5 is multi-assets and offers Expert Advisors (EA) that help traders to analyze price charts and enables automatic trading. It has a large selection of pre-installed technical indicators and graphical objects and supports an increasing number of third party plug-ins. The platform has advanced technical analysis tools and allows automated systems.
 
"We are delighted that the partnership between the Singapore broker Phillip Futures and MetaQuotes Software is dynamically developing," commented Gaies Chreis, Chief Operating Officer of MetaQuotes Software Corp. "Responding to traders' needs, brokers around the globe actively switch to the MetaTrader 5 platform. Our presence has especially expanded in the Asian market. It is undoubtedly a rational choice, since the full-cycle MetaTrader 5 platform is the best solution for organizing a brokerage business in any financial market."
 
Phillip Futures is regulated by the Monetary Authority of Singapore (MAS) and is a member of the PhillipCapital Group. In addition to forex, the broker offers trading in futures, precious metals, OTC derivatives, etc.
 
 
 
TAGS: pillip futures  phillipcapital  singapore 

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