Brokers News

Forex platform MT5 adds Swissquote Bank as liquidity provider

Metaquotes, developer of multi-asset trading platform MetaTrader 5, announced on Monday it has integrated a gateway to Swissquote Bank. As a result, platform users will gain access to the vast choice of assets offered by Swissquote - Forex, Precious Metals, and CFDs on Stock Indices, Energy and Bonds, as well as reliable liquidity at low exchange rates with fast execution.

Earlier in September, MT5 has added LMax Exchange & FXCM Pro as liquidity providers. With the inclusion of Swissquote Bank, MetaQuotes’ platform has gateway connectivity to 7 liquidity providers, including Currenex, FastMatch, Hotspot FX, and Integral.

Renat Fatkhullin, CEO of MetaQuotes Software said, "The new gateway makes the MetaTrader 5 platform even more attractive for brokers. You will hardly be able to find a more functional solution for online trading! 5 integration gateways have been released for the platform within the last two months, and this is not the limit, since we are currently negotiating with other partners. Increased attention to MetaTrader 5 encourages us to further develop the platform unlocking its potential to the fullest".

After years of standing in the shadow of its more popular predecessor MT4, lately MT5 is gaining a momentum among both forex traders and brokers, mostly thanks to the adding of the hedging option this spring. Since then MetaQuotes Software has made series of improvements and additions in a bid to promote MT5. Among the most recent enhancements are the revamping of MT5’s web version, as well as the update of the updates of the iPhone app.

Swissquote Bank Ltd. is a recognized public bank regulated by the Swiss Financial Market Supervisory Authority (FINMA) and part of the International Swissquote Group. The Group has set up an UK subsidiary, regulated by FCA, which offers online forex, commodities and stock indices trading services for traders based in the European Union.

Earlier in July, Swissquote Bank (SWX:SQN) released its financial report for the first half of H1 of 2016, showing strong results in most metrics and an impressive 204.6% rise in its net profits.

 

TAGS: swissquote  swissquote bank  liquidity provider  mt5  metatrader 5  forex platform 

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