New Zealand-based BlackBull Markets has become the latest brokerage to ink a partnership deal with TradingView, a popular charting and social trading platform
Trading Platform
In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools.
In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools.
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Announced on Thursday, the deal will allow the clients of BlackBull Markets with an MT5 account to execute trades directly from TradingView, which is used by many traders for charting and market analysis.
The integration came with growing demand for the service from the client base of BlackBull Markets.
“Many clients are already avid fans of TradingView and have been asking for the option to trade inside the platform for some time. We are only too happy to oblige them,” said Anish Lal, Chief Business Development Officer at BlackBull Markets.
A Popular Charting Platform
The popularity of TradingView exploded in the pandemic months when the retail trading demand skyrocketed. Its easy-to-use charts and market analysis tools soon made it one of the most visited financial services platforms globally.
Blackbull is headquartered in Auckland and offers retail trading services with its licenses obtained from the regulators in New Zealand and Seychelles. The broker is now expanding its services: it partnered with Cyprus-based HokoCloud for offering copy trading services and acquired ATM Strategy, an independent research firm.
Meanwhile, BlackBull is not the only broker to partner with TradingView. Popular trading brands like Pepperstone, OANDA, Forex.com, Saxo, Tickmill, Interactive Brokers, and dozens of others have already support execution directly from TradingView.
New Zealand-based BlackBull Markets has become the latest brokerage to ink a partnership deal with TradingView, a popular charting and social trading platform
Trading Platform
In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools.
In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real-time updates on quotes, charts and is the main frontend which customers are facing.Brokers either use existing trading platforms and sometimes customize them, or develop their own platform from scratch. Since the beginning of the retail FX trading business MetaQuotes and its platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5) have been the industry standard, especially when it comes to automated trading.MT4 Shows Resiliency While MT4 has long been seen as ubiquitous amongst brokers’ offerings, a targeted push by MetaQuotes themselves has led to broader adoption of MT5 in recent years. Advanced trading platforms such as MT4 or MT5 also allow access to a wide range of asset classes available for trading.The development of trading platforms over the past decade has failed to successfully dethrone MT4 or MT5, notably in the retail market. However, in institutional markets, brokerage companies and banking entities also construct and utilize proprietary currency trading platforms to help satisfy internal needs with trades executed through institutional trading channels.By far the most important parameter for many retail clients is the optionality and pairs available on trading platforms. Additionally, demand by traders has led to a greater emphasis on newer features such as advanced charting and other tools.
.
Announced on Thursday, the deal will allow the clients of BlackBull Markets with an MT5 account to execute trades directly from TradingView, which is used by many traders for charting and market analysis.
The integration came with growing demand for the service from the client base of BlackBull Markets.
“Many clients are already avid fans of TradingView and have been asking for the option to trade inside the platform for some time. We are only too happy to oblige them,” said Anish Lal, Chief Business Development Officer at BlackBull Markets.
A Popular Charting Platform
The popularity of TradingView exploded in the pandemic months when the retail trading demand skyrocketed. Its easy-to-use charts and market analysis tools soon made it one of the most visited financial services platforms globally.
Blackbull is headquartered in Auckland and offers retail trading services with its licenses obtained from the regulators in New Zealand and Seychelles. The broker is now expanding its services: it partnered with Cyprus-based HokoCloud for offering copy trading services and acquired ATM Strategy, an independent research firm.
Meanwhile, BlackBull is not the only broker to partner with TradingView. Popular trading brands like Pepperstone, OANDA, Forex.com, Saxo, Tickmill, Interactive Brokers, and dozens of others have already support execution directly from TradingView.