Leading FX broker FxPro said that it has updated its web-based platform that allows clients to access and trade on the MT4 trading platform. After logging into FXPro WebTrader using FXPro Direct login details only, clients can easily access all their MT4 accounts, live and demo, and seamlessly switch between them without having to reload or re-authenticate the page.
The new platform has more sophisticated drawing tools and a vast array of indicators. The extensive charting application enables clients to directly trade and control orders from the chart. The new FXPro WebTrader is developed using the latest HTML5 technology, making it faster and much easier to use than other web-based platforms. Hence latency is very low, providing clients with one of the best trading experience around.
“By listening to our clients and using their feedback we have delivered a product that offers all the benefits of the MT4 platform, but with extra added functionality and the fast execution you would expect from a desktop platform. With the majority of our clients using MT4 for forex trading, this new browser-based platform gives them the ability to trade as securely and reliably as they would do normally from any device enabled with a web browser,” said FXPro’s CEO Charalambos Psimolophitis.
Meanwhile, European private equity giant Bridgepoint announced on Friday that it had acquired Moneycorp, a British FX provider, in a deal valued 212 million pounds ($351.8 million). SOF Investments, which was hived off Royal Bank of Scotland in 2013, owns Moneycorp
Moneycorp targets both individuals and small businesses through an online telephone and payments platform, besides a bureau de change at Gatwick and Heathrow airports. The company netted a gross income of 97.2 million pounds last year and transacted currency trades worth at least 10 billion pounds in various currencies.