The latest FX broker to update its MetaTrader 5, featuring hedging: FIBO Group

The latest FX broker to update its MetaTrader 5, featuring hedging: FIBO Group

FIBO MT5 hedging

In a note on its website today NDD brokerage FIBO group announced that the most recent version of MT5 is already available to its clients with an opportunity of hedging deals. This means that the system would now allow traders to go long and short on the same instrument at the same time. 

After a number of enhancements made by its developer MetaQuotes lately, and most notably the hedging option finally added to it, MetaTrader 5 is gaining a popularity both among brokers and traders. Since then several of the forex brokers, offering MT5, such as AlpariRoboForex, FXTM updated their terminals to also offer hedging and some of them noted significant growth on the number of new trading accounts.

That is why FIBO group, regulated in Cyprus and British Virgin Islands, made this move. The new opportunity of opening offsetting positions is already available for all clients of FIBO Group Holdings Ltd company. All they have to do is to update or install (new clients) the MetaTrader5 platform.

Hedging was introduced to the MT5 in late March 2016, and soon after it became available to the Android and iOS mobile versions of the platform, as well. This is widely practiced strategy to offset the risk of any negative movement in price. Unfortunately, it is prohibited in the US by the Dodd–Frank Act, and more specifically, by the first-in-first-out (FIFO) rule introduced by this law.

Earlier in July, FIBO group opened a new office in Shanghai and in March it joined the forex rebates site PayBackFX.

The broker offers trading in more than 40 currency pairs and CFDs on precious metals on a selection of trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), as well as cTrader. The International Financial Holding FIBO Group (Financial Intermarket Brokerage Online Group) is one of the oldest players in marginal internet trading. The first company of the holding was founded in 1998 and today it maintains offices in Vienna, Limassol, Singapore, Moscow, Munich, and Shanghai. The group operates through its units, regulated by the Financial Services Commission (FSC), British Virgin Islands, and the Cyprus Securities and Exchange Commission (CySEC).

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