Phillip Futures, one of Singapore’s top brokerages for trading global derivatives, currencies and commodities, has extended its list of trading platforms by adding the Meta Trader 5 platform.
The adoption makes Phillip Futures the first broker in Singapore to offer the new-generation multi-asset trading platform.
Why did Phillip Futures choose MT5?
The broker unveiled that the main reason they have chosen this platform is its popularity across the world, and user-friendliness.
“Our clients are getting more sophisticated, so they seek an all-encompassing trading system. MetaTrader 5 is the answer to our clients’ need for a multi-functional trading platform that equips them with more innovative tools to trade forex,” said Teyu Che Chern, CEO of Phillip Futures.
“We are delighted that the partnership between the Singapore broker Phillip Futures and MetaQuotes Software is dynamically developing. Responding to traders’ needs, brokers around the globe actively switch to the MetaTrader 5 platform. Our presence has especially expanded in the Asian market. It is undoubtedly a rational choice, since the full-cycle MetaTrader 5 platform is the best solution for organizing a brokerage business in any financial market,” said Gaies Chreis, Chief Operating Officer at MetaQuotes Software Corp.
MT5 is packed with advanced technical analysis and algorithmic trading tools, and can be used via any web browser or mobile device.
The market in Singapore is very rigorous, as it is under the control of the Monetary Authority of Singapore, which is one of the strictest regulators in the world.
Only traders who have been using offshore-regulated and unregulated brokers services in Singapore were able to access MetaTrader 5. OANDA is a regulated broker in the region and offers MetaQuotes solutions, but only MT4, which is no longer updated.
Recent months have shown that MT5 is rapidly growing, so it is no wonder that numerous brokers have transitioned from MT4 to MT5.