Forex trading platform developer MetaQuotes has just announced that the first MetaTrader 5 broker in Germany is the company FXFlat.
The advent of MetaTrader 5 is going full speed with FXFlat becoming the first German broker to offer an alternative for MetaTrader 4.
The company is a full-fledged STP broker regulated by the Federal Financial Supervisory Authority (BaFin) with the FXFlat Wertpapierhandelsbank GmbH license. CapTrader – which is a part of the company – offers stocks, options and futures trading since 2009.
Last year FXFlat white labeled FXCM’s Trading Station platform and NDD execution.
According to Rafael Alexander Neustadt, CEO of FXFlat, the oneZero Hub gateway for interaction with Interactive Brokers is an additional argument in favor of MetaTrader 5 since it allows trading on major stock exchanges around the world.
FXFlat is the first Germany based broker offering MetaTrader 5 including the Web and Mobile Terminal solution”,said Rafael Neustadt. “Since our huge success in the last few years with MetaTrader 4, this is a logical step to expand the product offering. We will utilize the Multi Asset capabilities of MetaTrader 5 and the Interactive Brokers API to offer Futures and Stocks trading on MetaTrader 5 along with the CFDs and Forex we just launched within 2017.
Sebastian Hell, trader and owner of meta-trader-5.de, a blog about MetaTrader 5 in Germany, added:
Although MetaTrader 4 is still one of the most popular trading platforms in Germany, I see a definitive uptick in traders looking for MetaTrader 5 brokers. Many traders I know like to use both platforms nowadays. I am sure that MetaTrader 5 has a very bright future amongst German traders because it offers more possibilities for traders to build and create complex trading systems as well as more markets like CFDs, FX and on-exchange products.