OctaFX Pre-Launches New Trading Platform As Apple Suspends MT4 And MT5

OctaFX, an international FX and CFD broker, has announced the upcoming release of its proprietary trading platform “OctaTrader,” a wholly in-house product with an emphasis on design and functionality to provide a user-friendly interface as well as rapid and smooth performance.

The soon-to-be-launched native trading platform will be accessible for mobile customers utilizing iOS and Android devices, as well as online traders, after months of development.

The beta version of OctaTrader is now accessible in Malaysia, Indonesia, and Singapore.

The launch is scheduled for the next few months, although customers in Malaysia, Indonesia, and Singapore may already be testing the trading capabilities and interface.

The platform's full capabilities will not be ready for some months, but customers throughout the world will be able to test out a sample account.

The platform's major goal is to allow users to trade, manage their accounts and money, use a variety of tools for investment decision-making, and evaluate their trading all inside the same application.

OctaFX iOS users are presently subject to MT4/MT5 suspension.

The statement comes in the wake of recent user issues with MetaTrader's iOS version, which was stopped by Apple after a series of complaints about the fraudulent activity using MT4 and MT4 by MetaQuotes. As part of its attempts to regain industry and Apple's trust, the trading technology business has decided to discontinue its white-label service.

OctaFX, like many other brokers in the FX and CFD sector, put all of its eggs in one basket, MetaQuotes, by only providing MetaTrader 4 and MetaTrader 5. OctaTrader will bring forth much-needed change.

In today's mobile environment, this has become an urgent issue that necessitates action by the broker. As a result, the unique platform will arrive at an ideal moment.

Despite the flocking tendency that has existed for years, there are many more options for brokers than MetaTrader. Many, if not most, brokers across the world have been attempting to diversify their portfolio of trading platforms in recent years for a variety of reasons. One of them is the recognition that outdated systems are unable of keeping up with technology changes and trader needs.

We recently talked with two prominent executives in the FX and CFD sector, Devexperts' Jon Light and FXOpen's Natalia Zakharova, on the difficulties brokers are experiencing as a result of the suspension of MetaTrader's iOS app.

Read the following article on MetaTrader's suspension in the Global App Store: https://www.wikifx.com/en/newsdetail/202209306274585635.html

About WikiFX

WikiFX is a platform for searching worldwide corporate financial information. Its primary duty is to give the included foreign exchange trading organizations with basic information searching, regulatory license seeking, the credit assessment, platform identification, and other services.

Over 39,000 brokers, both licensed and unregistered, are listed on the network. WikiFX's staff has been hard at work with 30 financial authorities from across the world to verify that the information supplied is factual and correct.

Stay tuned for more Broker News.

Download the WikiFX App from the App Store or Google Play Store.