FXTM Updates Forex Trading Platform

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The FXTM has become one of the first to launch the long-awaited MT5 trading platform with the option of hedging. The position accounting system will enable traders in Nigeria to perform oppositely-directed deals on a single symbol on real accounts in the fifth generation platform.

Hedging allows FXTM’s clients to open multiple positions per symbol, including oppositely-directed ones. With the ability to open ‘locked’ positions, traders can now implement more sophisticated trading strategies which can respond to both negative and positive price movements. Traders can also use the new ‘close-by’ feature for closing open positions in hedging accounts, allowing them to save on spreads.

A statement from the firm explained that the latest version of the MT5 platform additionally offers the ability to evaluate robots and indicators as close to the real conditions as possible, giving traders’ extra insight to enhance their trading strategies.

Other features include updated Market Depth giving users a view of all buy/sell prices available in real market time, and more user-friendly options in terms of language availability and an all-new live chat system.

Commenting on the MT5 update, Vice President of Corporate Development and Market Research, , Jameel Ahmad said: “In line with FXTM’s commitment to provide traders in Nigeria the most innovative solutions in the industry, we are immensely proud to be one of the first brokers to offer the latest and most highly-anticipated version of the MT5 trading platform.

“With the option of hedging, clients can take their trading to a whole new level. The latest version of the platform will empower traders to take more advantage of the changing market conditions and provide further precision over their trades – enabling them to implement, and maximise, on bi- directional trading strategies.

“This powerful platform – with its versatile technical and fundamental analysis features, and algorithmic and social trading options – has been attracting traders and brokers from the very beginning. Now, with the inclusion of hedging, MetaTrader 5 is an even more efficient, multi-asset trading system, providing users with a complete set of tools for trading in all financial markets.”