IS Prime, a prime brokerage and execution venue, announced on Tuesday the addition of the MetaTrader 5 trading platform to its white label solutions.
The broker, which is a part of ISAM Capital Markets, is already offering its white label services with MetaTrader 4 and its proprietary Terminus. Now, with the addition of MT5, the broker is offering further choices to the retail forex brokers.
Traders Want Fresh Technology
“We have added MT5 in response to client demand and an increasing market interest in multi-asset trading,” Jonathan Brewer, Managing Partner at IS Prime, revealed.
Both MT4 and MT5 are industry-standard electronic trading platforms developed by the company, MetaQuotes Software. Brokers from around the world are offering their services by licensing these platforms, MT5 being the latest, and many more are adding support for it.
Regulated by the Financial Conduct Authority (FCA), IS Prime offers full-service brokerage and execution. Further, it is known for its prime of prime services, offering aggregated pricing sourced primarily from tier-one institutions and settled through the group’s bank prime brokers.
The demand for its services is skyrocketing with the boom in the recent trading industry. Earlier, the company revealed that its profits for the financial year ending in March 2020, almost tripled to £17.6 million. Though the numbers for FY2021 are not out yet, we can expect another record-breaking year for the company.
“We have recently bolstered our start-up broker offering, with discounts available to brokerage firms in their first year of operations, and we believe that our MT5 White Label will be a particularly welcome addition for these early-stage brokers. We are also seeing interest from more established brokers worldwide,” Brewer added.