Rakuten Securities, one of Japan’s largest forex brokers, announced it is including MetaTrader 4 (MT4) in the list of trading platforms, available to its clients, starting from August 29, 2016.
It would become the first major Japanese forex broker among the leaders – SBI Securities, Kabu.com Securities, GMO Click Securities, Matsui Securities, Monex Securities – to do so. Usually the forex brokers in the country develop their proprietary trading platforms.
Rakuten Securities has been offering MT4 connection through the servers of the leading US forex broker FXCM, after it completed the acquisition of FXCM Japan in August last year. Now, however, Rakuten Securites will be connecting its own trading system Rakuten FX to MT4 in order to achieve more stable spreads and enhance the environment for auto-trading.
Rakuten also offers the proprietary trading platforms Market Speed FX and iSpeed FX.
Earlier this week the broker introduced new, tighter spreads for three forex pairs.
Developed by MetaQuotes Software, MT4 is the most popular forex trading platform and is used by hundreds of brokers. It provides real-time quotes of financial instruments, full set of trader orders, including pending orders, all types of trade executions. It includes high-performance charts, trade levels, information window that displays orders, trading history, etc., free financial news. There are also technical analysis tools, such as real-time price charts, the 30 most popular technical indicators, analytical objects and three types of charts.