Phillip Futures First To Offer MetaTrader 5 To Address Growing Segment of Savvy Clients
SINGAPORE – 7 July 2017– Phillip Futures, member of the PhillipCapital Group based in Singapore, is pleased to offer the MetaTrader 5 (MT5) platform to its clients. This makes the futures and forex broker the first in Singapore to adopt the multi-asset trading platform.
The key feature of MT5, other than its multi-asset capability, is the Expert Advisors (EA) programming that helps to analyse price charts and enables automatic trading. Other than utilizing EAs to trade forex, clients can apply the same EAs to other asset classes which the Singapore broker plans to introduce in the near future.
“Our clients are getting more sophisticated, so they seek an all-encompassing trading system,” explained Teyu Che Chern, Chief Executive Officer of Phillip Futures. “MT5 is the answer to our clients’ need for a multifunctional trading platform that equips them with more innovative tools to trade forex.”
"We are delighted that the partnership between the Singapore broker Phillip Futures and MetaQuotes Software is dynamically developing," commented Gaies Chreis, Chief Operating Officer of MetaQuotes Software Corp. "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."
The MT5 boasts advanced technical analysis tools and enables automated systems. It offers possibilities for traders to build and create complex trading strategies, and can work from any web browser or mobile device. Other advantages of the platform include a large community support, where traders can exchange ideas and strategies, subscribe to and download free trading robots.
Clients of Phillip Futures can now start trading forex using MT5, and will be able to trade other asset classes on the same platform in the future.
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About Phillip Futures
Phillip Futures was inaugurated in 1983 as a member of PhillipCapital Group and is one of the founding clearing members of Singapore Exchange Derivatives Trading (SGX-DT). Phillip Futures also holds the CMS licence issued by Monetary Authority of Singapore (MAS). Coupled with more than 30 years of experience specialising in global derivatives, the brokerage has grown to become one of the region’s top local brokerages and are constantly ranked among the top most active SGX-DT members. A gateway into more than 21 global exchanges with enhanced direct-hub access, Phillip Futures offers a large selection of futures, precious metals, options, currency and commodity trading products on a wide array of e-trading platforms to meet investors’ needs.
About the PhillipCapital Group
Since 1975, PhillipCapital has grown as an integrated Asian financial house with a global presence that offers a full range of quality and innovative services to retail, corporate and institutional customers. Our comprehensive suite of financial products and services includes fund management, managed accounts, unit trusts, insurance planning, regular savings, contracts for difference, exchange traded funds, investment research, equity financing, property; and broking in bonds, securities, derivatives, forei gn exchange, precious metals and commodities. Institutions can also benefit from our corporate finance and advisory services as well as information technology solutions. With more than 3,500 employees and over 1 million clients worldwide, our assets under custody/management totals to more than USD 30 Billion with shareholders' funds in excess of USD 1 Billion. PhillipCapital (with headquarters in Singapore) operates in the financial hubs of 16 countries, with offices in Singapore, Malaysia, Cambodia, Indonesia, Thailand, Hong Kong, China, Japan, India, Sri Lanka, UAE, UK, France, Turkey, Australia and USA.