Tools for Brokers’ Offers Terminal Cost Overview for Forex Traders
Tools For Brokers announces the launch of Terminal Cost Overview, the latest in its suite of so-lutions for currency traders.
Integrated with MetaTrader 4, the most widely-used trading platform in the forex industry, Terminal Cost Overview presents traders with a full picture of their costs for spread, commis-sions, and swaps – in the currency of their deposit – before they make a trade.
Using the MetaTrader 4 Manager API to connect to the MetaTrader 4 server, the solution pulls in current trade and account data for up to 25,000 separate accounts, and displays it in a clear, easy-to-understand dashboard on the client server, refreshing the data every 60 seconds.
Albina Zhdanova, Chief Operating Officer at Tools For Brokers commented on the importance of having such accurate and up-to-date information to hand: “The foreign exchange industry is highly regulated. While regulations differ from country to country, having full visibility of costs allows traders to make transactions safe in the knowledge that they’re fully compliant, wherev-er they’re located.”
“The level of transparency that Terminal Cost Overview offers will always be attractive to trad-ers,” she added, “It means there can never be any surprises - with commission, for example - that could affect the return on their transactions.”