FOREX.com Japan beefs up MT4 offering with addition of EAs

Maria Nikolova

Users of the platform can trade via expert advisors including FX Blue EA.

FOREX.com Japan, the retail FX brand of GAIN Capital Japan Co., Ltd, is expanding the capabilities of the MetaTrader 4 (MT4) platform.

The brokerage informs its clients that they can now make use of expert advisors when trading on MT4. Forex.com MT4, for instance, offers FX Blue EA.

The platform has the analytical tools to maximize the trading experience, including 16 indicators and the possibility for displaying Japan time.

Fans of automated trading have always appreciated the chance to use EAs on MT4. The profitability of such programs has been, of course, questionable. Most EAs are efficient for a certain period of time and in a given market environment and fail to perform according to expectations in a different market environment.

Forex.com Japan continues to be one of the handful of Forex brokers that offer trading on MT4 in Japan, in the face of the fact that a number of other retail FX brokers have dropped offering the platform. ArenaFX (now known as Excite One Inc), for example, in August 2017 unveiled its plans to stop offering MT4 to its clients.

Several Japanese Forex brokers, including Japan’s retail FX giant Monex Group, Inc. (TYO:8698) and YJFX, have halted the offering of MetaTrader 4 earlier. YJFX admitted back in the fall of 2014, when it announced its plans to terminate the offer of MT4, that its decision was sudden and provided no specific reasons for the move. After abandoning MT4 in the autumn of 2014, Monex focused on the development of its proprietary platform TradeStation.

Read this next

Industry News

Celsius $750m insurance claims are fraud, says lawyer seeking EU crypto superfund

“It is an intentional deception in aid of a billion-dollar securities offering.”

Institutional FX

DGCX brokers authorized to provide derivatives trading and clearing services

The DFM is looking to provide multiple asset classes such as; equities, ETFs, equities’ futures, crude oil futures, etc. to meet the growing demand from its diversified base of local and international investors.

Digital Assets

EQONEX leaves “crowded crypto exchange space” amid crypto winter

“The recent extreme market volatility and declining trading volumes have added to the headwinds being felt by exchange operators. We take a realistic view that our exchange will not move the needle for us financially over the near-to-medium term.”

Digital Assets

FTX and Paradigm partner for spreads trading: lower risk, lower fees

“This structured spread trading product is the first that will enable crypto investors to utilize cash and carry trades through FTX and Paradigm.”

Industry News

SEC uncovers online retail brokerage hacking scheme

Fraudsters were able to sell their holdings at artificially high prices and reap more than $1 million in illicit proceeds, the SEC alleged. 

Executive Moves

Cornerstone FS taps James Hickman as CEO

“I see great potential in the business from its proprietary technology to its regulatory permissions. It is already delivering an exceptional service to its SME customers and the scalable platform is ideally positioned to add further product capability.”

Retail FX

FCA warns of Lite Forex Pro as crackdown on clone scams continues

The UK Financial Conduct Authority has put out a press release that warns about a new ‘clone firm’ investment scam impersonating LiteForex‎, which rebranded last year as LiteFinance.

Digital Assets

Novogratz’s Galaxy Digital backs out of $1.2 billion deal to buy BitGo

Crypto merchant bank Galaxy Digital would not move forward with its bid to buy digital-asset custodian BitGo.

Executive Moves

OctaFX elevates Nikolas Charalampous to executive director role

OctaFX has promoted its head of dealing, Nikolas Charalampous, to the role of executive director, which saw the expansion of his day-to-day responsibilities and oversight.

<