Leverate MetaQuotes partnership deal has been struck to provide a new MT5 platform to FX brokers. Whether the traders will benefit from their services or not, we still have to wait and see.
6 November, AtoZForex - Leverate and MetaQuotes have signed a partnership deal to provide a new MT5 multi-asset platform to the FX traders, according to a report.
Leverate MetaQuotes partnership deal signed
However, the companies have not announced the deal officially yet. A source from Leverate said:
"This partnership effectively makes Leverate open for business on MT5, should our clients want to provide their traders with the MT5 platform, but with all the added benefits available at Leverate, we can now support that need."
Leverate is an FX trading platform and technologies provider. Metaquotes is attempting to move brokers and traders from MT4 platform to its new-and-improved MT5. More than past few years, Leverate is one of MetaQuotes major competitors. The firm is providing an alternative trading platform - something different from MT4 to brokers.
Initially, Leverate is releasing new technology and updates continuously, as well as revolutionizing the industry through a social trading system, Sirix. However, Leverate has had a hard time taking away any meaningful market share from MetaQuotes, especially in the ultra-competitive European market. Over the past two years, Leverate has gone through restructurings, including changes in senior management.
Acxelr8 - Leverate's new professional services department
Leverate has been diversifying from offering a pure turnkey platform to more point and modular solutions for FX brokers. For example, it has recently launched a new professional services department, Acxelr8. The partnership deal will enable Leverate to support their clients with the software and make the traders feel comfortable.
According to sources close to Leverate, the firm will be selling its own proprietary platform in the Far East. And it will mainly focus on providing MT5 support in Europe.
Leverate will announce another partnership in Europe soon to provide compliance services around the new MiFID II regulations, the report said. MiFIDII is set to come into force early next year.
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