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FBS, an offshore forex broker, mostly active in Russia, South East Asia and Northern Africa, announced it is launching the latest edition of the MetaTrader 5 (MT5) trading platform with hedging.
We remind you that the successor of MetaTrader 4 was finally upgraded to include hedging earlier this year, in an effort of its developer MetaQuotes to encourage the forex brokers to migrate to it.
Besides hedging, the new MT5 is faster and with more advanced tools, such as customizable 21 time frames, improved options for technical and fundamental analysis with over 79 analytical tools, an economic calendar, multi currency strategy tester, etc.
Since the launch of the new MT5 in the spring, an increasing number of forex brokers have adopted it. Most recently the automated forex broker RoboForex released data on MT5’s usage, showing it is gaining popularity.
Earlier this week the developer of the MetaTrader platforms – MetaQuotes – bragged that since the launch of the MT5 with hedging, the platform is quickly gaining popularity both among traders and among brokers. It is also very popular in Pakistan. Besides the desktop trading application, MetaQuotes updated MT5’s web trading version, the mobile applications for Android, support for certificate transferring between desktop and mobile devices and revamped the website.
FBS was established in 2009. It is regulated by the international Financial Services Commission (IFSC) in Belize and the Russian self-regulation organisation Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN). Recently the broker said it was planning to apply for a Russian license from the country’s central bank.
FBS offers trading in the major currency pairs, metals and CFDs. The minimum deposit is $1 and the leverage is up to 1:3000. The broker also offers spreads from 0 pips.