RaiseFX Expands MetaTrader 5 Asset Classes

RaiseFX Expands MetaTrader 5 Asset Classes

Time Stamp: November 2, 2023 11:23 AM
RaiseFX Expands MetaTrader 5 Asset Classes PlatoBlockchain Data Intelligence. Vertical Search. Ai.

RaiseFX is expanding its operations into new
regions, including Asia, Africa, the Middle East, LATAM, and the Gulf
Cooperation Council. This happens as the brokerage firm gains momentum, with
over 50,000 active traders, who collectively generate more than USD $20 billion
in monthly trading volumes through the MetaTrader 5 (MT5) trading platform.

In an official statement, the company said that MT5 has
become a preferred choice for traders seeking flexibility and innovation. It
offers advanced charting tools, algorithmic trading functionalities,
backtesting, and one-click trading capabilities.

David Bottin, the CEO and Founder of RaiseFX stated: “We are constantly looking to improve the trading conditions for our
traders. Improving our asset classes offered in MT5 was our most logical step. We realized that a lot
of active traders from all over the world are struggling with poor trading
conditions and a lack of customer support from their broker.”

RaiseFX has acquired new licenses recently as part
of the effort to expand its services. Among these licenses is the Category 1
Financial Services Provider license from the Financial Sector Conduct Authority
in South Africa. According to the company, this move underlines RaiseFX’s
dedication to providing a range of trading products in a regulated environment.

Besides its foray into the MT5, RaiseFX has recently
made key appointments since its debut in 2022. In May, the FX/CFDs brokerage appointed Dany Mawas, the former Regional Director for Africa at INFINOX Global, as its
Chief Commercial Officer. Mawas also held the role of Global Head of Retention
at INFINOX.

Expanding to New Markets

RaiseFX has established a significant presence in
African countries such as South Africa, Zambia, Tanzania, and Botswana.
Furthermore, the brokerage firm has its sights set on Nigeria, indicating its
commitment to expanding in the African market.

Presently, more brokerage firms are migrating their
clients to MT5 platforms. ForexVox, a prominent London-based forex, and
contracts for difference broker, announced in July that it was migrating most of its clients, a staggering 94%, from MetaTrader 4 (MT4 ) to MT5.

Both MT4 and MT5 are online trading
platforms developed by MetaQuotes. MT4, introduced in 2005, primarily focuses
on online forex trading. On the other hand, MT5, launched in 2010, expands its
scope by offering access to a broader range of CFD markets, including stocks,
indices, commodities, futures, and energies.

RaiseFX is expanding its operations into new
regions, including Asia, Africa, the Middle East, LATAM, and the Gulf
Cooperation Council. This happens as the brokerage firm gains momentum, with
over 50,000 active traders, who collectively generate more than USD $20 billion
in monthly trading volumes through the MetaTrader 5 (MT5) trading platform.

In an official statement, the company said that MT5 has
become a preferred choice for traders seeking flexibility and innovation. It
offers advanced charting tools, algorithmic trading functionalities,
backtesting, and one-click trading capabilities.

David Bottin, the CEO and Founder of RaiseFX stated: “We are constantly looking to improve the trading conditions for our
traders. Improving our asset classes offered in MT5 was our most logical step. We realized that a lot
of active traders from all over the world are struggling with poor trading
conditions and a lack of customer support from their broker.”

RaiseFX has acquired new licenses recently as part
of the effort to expand its services. Among these licenses is the Category 1
Financial Services Provider license from the Financial Sector Conduct Authority
in South Africa. According to the company, this move underlines RaiseFX’s
dedication to providing a range of trading products in a regulated environment.

Besides its foray into the MT5, RaiseFX has recently
made key appointments since its debut in 2022. In May, the FX/CFDs brokerage appointed Dany Mawas, the former Regional Director for Africa at INFINOX Global, as its
Chief Commercial Officer. Mawas also held the role of Global Head of Retention
at INFINOX.

Expanding to New Markets

RaiseFX has established a significant presence in
African countries such as South Africa, Zambia, Tanzania, and Botswana.
Furthermore, the brokerage firm has its sights set on Nigeria, indicating its
commitment to expanding in the African market.

Presently, more brokerage firms are migrating their
clients to MT5 platforms. ForexVox, a prominent London-based forex, and
contracts for difference broker, announced in July that it was migrating most of its clients, a staggering 94%, from MetaTrader 4 (MT4 ) to MT5.

Both MT4 and MT5 are online trading
platforms developed by MetaQuotes. MT4, introduced in 2005, primarily focuses
on online forex trading. On the other hand, MT5, launched in 2010, expands its
scope by offering access to a broader range of CFD markets, including stocks,
indices, commodities, futures, and energies.

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