Company news

Brokeree Solutions introduces MT5 Synthetic Symbols

Brokeree introduces a new innovative solution that enables FX brokers to improve their offering by adjusting incoming symbols and creating new ones.

Brokeree’s new MT5 Synthetic Symbols solution combines two useful features and enhances the original functionality of the MetaTrader 5 platform. The handy plugin allows forex brokers to convert incoming quotes from data feeds into more user-friendly symbols. The most common application would involve converting metals and cryptocurrencies, as those symbols usually either have low prices (e.g. TRON (TRX) at $0.020299) or the variety is somewhat limited as commodities typically come as one symbol (e.g. 1 ozt of Gold at $1187.26).

For example, traditionally 1 lot of Gold is equal to 100 troy ounces; with Brokeree’s new plugin, FX brokers can offer 1 lot of Gold that will equal 1g, 10g, 1kg of 99.5% purity, 1 kg of 99.9% purity, etc., with prices explicitly calculated for each symbol. Such a variety of tradable symbols may increase interest among traders, attracting new customers and giving the current client base incentive to trade more.

The MT5 Synthetic Symbols plugin from Brokeree Solutions also comes with a hedging functionality that converts volumes of newly created symbols back into traditional sizes and sends that amount to a hedging account, allowing forex brokers to offset risks.

Request a presentation by sending an email to sales@brokeree.com.
Learn more about the solution here: https://brokeree.com/solutions/mt5-synthetic-symbols/ 

Brokeree Solutions Review

Monday, 20 Aug, 2018 / 9:09

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Source : https://brokeree.com/news/new-product-mt5-synthetic-symbols/

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