It's been quite a long wait, but Alpari UK have announced today that they are now the second broker to offer automated spread betting using the MetaTrader 4 platform to UK residents. According to their news release:
If you've been a retail FX trader for a while, and you've got a sneaky suspicion somewhere in your subconscious (SSSS for short) that MetaTrader 4 is possibly not the best tool for the job of "FX trading for a living" then the headline above should already have caused you to have taken your eyes off your multiple screens because you've fallen off your swivel chair with the excitement of it all. This is how LMAX "soft launched" the Multicharts platform for their multi-lateral trading facility (MTF for short) last week:
When the TradeStation Group announced last month that TradeStation Forex Inc. would be opening for business in the near future we speculated what "a few weeks" might mean. Now we know, and in this case it means just under a month. In a press release earlier today TradeStation:
Citi announced in a press release earlier this week that us poor souls from the UK would have to wait no longer to be able to use the CitiFX Pro platform. According to Citi’s Manager of Margin Foreign Exchange for Europe and the Middle East, Sasha Serebrinsky:
Yesterday I spoke at some length with MB Trading's Chris Mercer. Chris is in charge of various aspects of their business, including their MetaTrader 4 project. We started off by discussing MB Trading's recently announced "Get Paid for Limit Orders" initiative, then went on to talk about the intricacies of electronic communication networks. Finally I asked Chris about where the MetaTrader platform fits into all of this, both now and in the future.
You will soon be able to access OANDA’s tight spreads from MT4’s popular graphing, automation, customization, and community-based features.
Here at the Trading Gurus we've been beta testing OANDA's MetaTrader 4 implementation for a while, since amongst other things this announcement opens up the prospect of automated forex trading at OANDA without having to pay their current API fees. Here's our brief overview of what you can look forward to if you're a MetaTrader 4 user wondering if OANDA's "tight spreads" are worth looking at in more detail, or if you're currently an fxTrade user wondering what the recent MetaTrader fuss is all about.