As we recently discovered, 24Option decided to transition away from the Tech Financials platform in order to start offering CFDs and FX. With this move to other financial products, 24Option is now allowing the functionality to integrate MetaTrader4 (MT4) into its offering.
24Option is one of the largest brokers in the Binary Options industry and has taken steps to provide other trading instruments. They became the first major binary brokers to offer other more traditional investment instruments. They have also started moving towards greater autonomy by developing in house technology.
MetaTrader4 is one of the most popular trading platforms for retail investors in Forex and CFDs. It is widely considered one of the most versatile and adaptable computer programs. Traders can not only use some of the most advanced charting and trading tools, but they can also develop their own algorithms by writing their own scripts. It also provides for immediate execution and real time data feeds.
24Option, a trading brand of Rodeler Ltd is registered in Cyprus under CySec. There is no doubt that this move to integrate well known systems will allow the firm to target more traders who prefer to trade spot FX. Combining the powerful 24Option brand with this piece of technology will mean that 24Option option can diversify its trader base.
It is also a further vote of confidence in 24Option that the renowned MetaQuotes Software provider is willing to allow the broker to integrate their software into the system. If you would like more information, you can read our review of 24Option.