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OctaFX pre-launches new trading platform as MT4 and MT5 remain suspended by Apple

International FX and CFD broker OctaFX has announced it is about to launch its proprietary trading platform ‘OctaTrader’ – an entirely in-house project with a focus on appearance and functionality in order to offer a user-friendly interface as well as quick and smooth performance.

After long months in the making, the soon-to-be-launched native trading platform will be available for mobile users using iOS and Android devices as well as for web traders.

OctaTrader’s beta version available in Malaysia, Indonesia, and Singapore

The inauguration is expected to take place in the following months, but users in Malaysia, Indonesia, and Singapore can already test the trading functionality and the interface.

Full functionality of the platform will only be available in the next few months and users across the globe will be able to try out a demo account themselves.

The platform’s primary purpose is to enable users to trade, deal with their account and money management, have a diverse range of tools for investment decision-making and analyse their trading—all within the same application.

OctaFX’s iOS users currently stuck with MT4/MT5 suspension

The announcement follows recent user hurdles with MetaTrader’s iOS version, which got suspended by Apple after a series of complaints of fraudulent activities using MT4 and MT4 by MetaQuotes. As part of its efforts to restore credibility within the industry and with Apple, the trading technology firm recently decided to make its white label service unavailable.

Like many other brokers within the FX and CFD industry, OctaFX had all its eggs in one basket, MetaQuotes, only offering access to MetaTrader 4 and MetaTrader 5. OctaTrader will provide the much needed change.

In a world gone mobile, this has become a pressing matter that requires the broker to take measures. The proprietary platform will thus come in great timing.

The reality is there are plenty of solutions for brokers besides MetaTrader despite the flocking behavior that has been around for years. Many, if not most brokers across the globe have been making efforts to diversify their portfolio of trading platforms in recent years for many reasons. One of them is the acknowledgment that legacy platforms aren’t able to keep up with the technological advancements and the demands from traders.

We have recently spoke with two distinguished executives within the FX and CFD industry, Devexperts’ Jon Light and FXOpen’s Natalia Zakharova, about the challenge brokers are facing with the suspension of MetaTrader’s iOS app. You can read it here.

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