Ventura Prime FX Limited just selected MetaTrader 5’s hedging options for clients using Android, iOS, web, and desktop platforms. The Labuan FT Malaysia-registered international broker operates under the trading name VPFX.
Under the agreement announced on Tuesday, the broker now offers more than 200 instruments through the platform.
The firm launched the FX trading platforms to expand into the MENA market. VPFX said it allows the firm to offer additional asset classes from a variety of exchanges in the market.
VPFX Chief Executive Officer Alpesh Patel said the company supports industry-wide shifting to MetaTrader 5. The platform offers advanced functionality for experienced users, and with its cutting-edge analytical tools, it will enhance financial trading experiences.
Two other large brokers, Avatrade and OANDA Japan, both integrated their services into the MT5 platform. VIPTRADE and AETOS both adopted it in October, while the Chilean broker MercadosG began in September.
MetaTrader 5 is an upgraded version of its predecessor, the MetaTrader 4. Both developed by MetaQuotes, the platform became an industry standard for forex trading.
Most brokers still use MT4, but since the platform hasn’t been getting upgrades since the MT5 launch, they’re slowly transitioning.
MetaQuotes is not only one of the easiest trader platforms to navigate, but it is also one of the most intuitive. It uses personal information limited to an email and a password for a demo account.
To explain, this demo account uses faux currency called demonstration money. This allows users to see how the app works without risking real money.
Any page newcomers can see are customizable with a quote sheet that shows a list of products to trade for. They can even set risk managements before they can place their trades.
MetaTrader, both the fourth and the fifth generation, are designed to give users easy access to all in-platform destinations. Even the home page is customizable to see pages, positions, and more.