THE PLAN
A group of traders and investors wanted to create a platform suitable for all their own needs.The most common issue is, that traders must always get the best prices to their trading stations. They also needed to feel comfortable knowing that the brokerage house doesn't trade against them in any market situation no matter what the trader is doing.
Important, that the dealing execution must be fast and if possible, without re-quotes. There must be also an opportunity to use automatic trading instruments and the brokerage house must allow scalping in any market situation.
That was our The Plan as we started to develop our ideas into a viable trading environment.
CREATION
Finding the right partners, finding an excellent platform and finding an high speed data provider with substantial big liquidity and finding a good respected name and with fast execution took some time, but it was worth it.We decided to use the MetaTrader-4 software, as it allows us and our clients to do basically everything. MetaTrader-4 has excellent charting tools. It allows you to develop a variety of custom made indicators from the web.
If you have the skills, you can code your own indicators using MQL-editor which is available to you with the trading station. MetaTrader-4 also allows you to use Expert Advisors for automated trading and you can always create your own Expert Advisor with MQL-editor.
In order to get the speed, fast execution, low spreads and respected name, we decided to go into partnership with the German Investment Bank what is listed at Frankfurt Stock Exchange. They have fast execution time, no human dealer and big well known banks offer their feeds and liquidity to our traders.
What makes it so unique MetaTrader-4 broker is this relationship with banking world. How many other Foreign Exchange broker, platform provider or dealer can offer you this:
Open your personal trading account in the regulated and Stock Exchange listed Bank, use MetaTrader-4 platform directly at the Bank on your own bank account?