ForexVox, a
London-based forex and contracts for difference (CFD) broker, has transitioned
nearly all its clients (94%) from MetaTrader 4 (MT4) to MetaTrader 5 (MT5).
The firm said the decision will help it “stay ahead of the market” and deliver
the best solutions to its traders even as competition in the
trading industry continues to bite harder.
Valutrades
Limited, the operator of the forex and CFD broker Valutrades, has been
operating under the brand name, ForexVox, since
August 2020. In an effort to boost its traders’ experience, ForexVox since the summer of this year has been moving its clients to MT5. The trading platform is
pursuing the goal of
“providing unparalleled support to traders worldwide,” said Slava
Biletska, a Director and Shareholder at ForexVox, in a
statement published on MetaQuotes.
MT4 and MT5
are both online trading platforms developed by the software company,
MetaQuotes. However, while MT4, which was introduced in 2005, is optimized for
online forex trading, upgraded MT5 was released in 2010 and offers
access to additional CFD markets: stocks, indices, commodities, futures,
energies, etc.
“Selecting
the right platform is pivotal for the company’s future, especially in the
context of the rapidly evolving global financial sector,” Biletska explained. “We
meticulously weighed the platform’s benefits and potential, and it became clear
that MetaTrader 5 is the platform for the future.”
Valutrades
Posts Loss despite Revenue Boost
Meanwhile,
Finance Magnates reported that Valutrades Limited in its most recent and available financial result for the fiscal year 2021 suffered a staggering
pre-tax loss
despite an 11% increase in
its annual
revenue. This is even as the forex and CFDs broker closed the year with £4.41
million in total revenue. The
figure jumped from £3.99 million in the previous year.
On the contrary, the
amount in retail client funds held by the brokerage jumped by 7% during the
fiscal year to £4.53 million, which is up from £2.57 million from the prior
period.
Tiger launches HK stocks’ auto-invest; Moneta hires new manager; read today’s news nuggets.
ForexVox, a
London-based forex and contracts for difference (CFD) broker, has transitioned
nearly all its clients (94%) from MetaTrader 4 (MT4) to MetaTrader 5 (MT5).
The firm said the decision will help it “stay ahead of the market” and deliver
the best solutions to its traders even as competition in the
trading industry continues to bite harder.
Valutrades
Limited, the operator of the forex and CFD broker Valutrades, has been
operating under the brand name, ForexVox, since
August 2020. In an effort to boost its traders’ experience, ForexVox since the summer of this year has been moving its clients to MT5. The trading platform is
pursuing the goal of
“providing unparalleled support to traders worldwide,” said Slava
Biletska, a Director and Shareholder at ForexVox, in a
statement published on MetaQuotes.
MT4 and MT5
are both online trading platforms developed by the software company,
MetaQuotes. However, while MT4, which was introduced in 2005, is optimized for
online forex trading, upgraded MT5 was released in 2010 and offers
access to additional CFD markets: stocks, indices, commodities, futures,
energies, etc.
“Selecting
the right platform is pivotal for the company’s future, especially in the
context of the rapidly evolving global financial sector,” Biletska explained. “We
meticulously weighed the platform’s benefits and potential, and it became clear
that MetaTrader 5 is the platform for the future.”
Valutrades
Posts Loss despite Revenue Boost
Meanwhile,
Finance Magnates reported that Valutrades Limited in its most recent and available financial result for the fiscal year 2021 suffered a staggering
pre-tax loss
despite an 11% increase in
its annual
revenue. This is even as the forex and CFDs broker closed the year with £4.41
million in total revenue. The
figure jumped from £3.99 million in the previous year.
On the contrary, the
amount in retail client funds held by the brokerage jumped by 7% during the
fiscal year to £4.53 million, which is up from £2.57 million from the prior
period.
Tiger launches HK stocks’ auto-invest; Moneta hires new manager; read today’s news nuggets.
