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IG Group Begins Offering the MT4 Forex Trading Platform

Aug 13 2013

Only a couple of days after MahiFX announced that it is adding the MT4 trading platform to its offering, the global forex and CFD broker IG Group has rolled out MT4 as well. Up until now the broker has been offering its proprietary trading platform only, but it would appear that there was enough of a customer demand for the broker to roll out Metatrader.

The specific conditions that accompany the launch of the platform for IG are a default leverage of 1:200 with a maximum leverage of 1:400, and floating spreads starting at 1.2 pips (the average spread on EUR/USD for the past ten days has been 1.3 pips, which is pretty good considering the industry standards).  
If you have been involved with the forex world, you then know that Metatrader 4 is its favorite child – and that's no coincidence as the platform offers unquestionable qualities like fast, low latency execution for example. Its user-friendly interface is perfectly suitable for newbies but at the same time, advanced traders are well taken care of as well. The platform lets its users develop custom indicators and automated trading strategies (Expert Advisors), and comes equipped with a really good charting package that includes nine time frames, line, bar and candlestick charts, 30 built-in technical indicators, Fibonacci retracements, trend lines, support and resistance levels, etc. Backtesting is also an option. If you are a fan of technical analysis this is surely a suitable choice for you. Fundamental traders one can use the live news feed integrated in the platform. 
Truth to be told, however, IG's own platform offers just as many capabilities as MT4 with two distinctive advantages: market depth and accessibility (the platform is web-based so no software installation is required for accessing it, meaning that users can log in and trade from pretty much any computer or mobile device with internet connection). 
The strategic realignment of the IG policy could be read as a sign of approval of the MT4 trading platform after the common difficulties that third parties experienced with it lately. A while ago the Metatrader publisher cut off a number of social trading networks, attempting to monopolize signal copying and this caused said networks to seek alternative trading platforms to work with. This caused us to question the positions of MT4 – we seriously considered the possibility of the platform losing its leading position at the account of proprietary and open-source trading technologies. It would appear, though, that for the time being traders are demanding MT4, so either the platform is here to stay, or traders just need more time to adjust to change. 

About IG Group

IG Group Holdings plc is a United Kingdom-based company. The IG Group is a global provider of contracts for difference (CFDs) and spread betting to retail investors. IG, through its main brands, IG Index and IG Markets, provides over 14,000 spread betting and CFD products on a range of financial markets, including Forex, stock indices, shares, commodities, binaries, options and interest rates. IG Group Holdings plc, the parent of the IG Group, is listed on the London Stock Exchange. The IG Group employees approximately 1,000 people worldwide and has offices in the UK, France, Spain, Portugal, Germany, Italy, Sweden, Netherlands, Luxembourg, Japan, Australia, South Africa and Singapore.
TAGS: IG  IG Group  IG Markets  MT4  forex  forex platform  forex broker  forex trading  trading platform  Metatrader 4 

More news about IG

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