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mcgene4xpro
 

Registered: May 2010
Posts: 741

 

08-14-12 12:00 AM

for 10% the price of MT4, why it is not so popular among brokers?

From their website
http://www.m4platform.com/brokerage.aspx
http://www.modulusfe.com/

"Solutions for Brokerages Large and Small - Stocks, Futures, Forex and Everything Else

As a brokerage you are probably paying exorbitant fees for a trading platform that you don't technically own, or you are concerned that your competitors are releasing so many updates and revisions that you can't keep up with them.

Or perhaps you have spent tens, if not hundreds of thousands of dollars to build your own platform that is just not living up to your expectations or your clients' expectations, yet is costing an arm and a leg to develop and maintain?

You're not alone. Brokerages all around the world have been searching for a better trading platform solution.


What You Should Know Before You Buy, Lease or Build a Trading Platform...

1. Buying and re-branding an off-the-shelf trading platform is very expensive and too restrictive.
2. Building a trading platform from scratch can be very time-consuming, frustrating and risky.
3. Leasing a trading platform and paying royalties is never sensible! Your clients can be held hostage.
4. Not having your trading platform source code means you're at the mercy of the technology provider.
"

I can not find any logical reason for not brokers using it

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mcgene4xpro
 

Registered: May 2010
Posts: 741

 

08-14-12 12:04 AM

http://www.prweb.com/releases/modul...rweb4132234.htm

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marketsurfer
 

Registered: Apr 2002
Posts: 5425

 

08-14-12 12:28 AM

http://www.elitetrader.com/vb/showt...hlight=Mt4+scam

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ModulusFE
ET Sponsor

Registered: Nov 2002
Posts: 87

 

08-14-12 02:47 AM


Quote from marketsurfer:

http://www.elitetrader.com/vb/showt...hlight=Mt4+scam



I just want to clarify that MT4 is not the same as our M4 product. The "M" in M4 was supposed to stand for "Modulus" while "MT" of course stands for "MetaTrader" - a different company.

To be an altruistic dope, I will answer the OP's question. Our product ("M4") requires C# development and integration. It's not a "plug-n-play" or "ready to use" app. It is a large collection of source code (1 million lines) that is perhaps 85% or 90% of what a brokerage or trader needs for a complete solution. Some brokerages don't want to mess with software in-house. But that's our main selling point - that the platform is customize-able.

Mainly I just wanted to clarify that MT4 is not the same as our M4 product. Perhaps bad product naming on our part - but the name is white-label so the customer can change it to something else.

Richard

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mcgene4xpro
 

Registered: May 2010
Posts: 741

 

08-14-12 10:23 AM


Quote from ModulusFE:

I just want to clarify that MT4 is not the same as our M4 product. The "M" in M4 was supposed to stand for "Modulus" while "MT" of course stands for "MetaTrader" - a different company.

To be an altruistic dope, I will answer the OP's question. Our product ("M4") requires C# development and integration. It's not a "plug-n-play" or "ready to use" app. It is a large collection of source code (1 million lines) that is perhaps 85% or 90% of what a brokerage or trader needs for a complete solution. Some brokerages don't want to mess with software in-house. But that's our main selling point - that the platform is customize-able.

Mainly I just wanted to clarify that MT4 is not the same as our M4 product. Perhaps bad product naming on our part - but the name is white-label so the customer can change it to something else.

Richard



I understand that M4 is not MT4. However, what about its popularity?. Do you have many brokers using it? Do they like it?

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ModulusFE
ET Sponsor

Registered: Nov 2002
Posts: 87

 

08-14-12 10:49 AM

I prefer you email us for the list of brokerages - I'd rather not use up space on ET, that would be spammy. Just wanted to clarify M4 is our product because another poster placed a link about MT4. So you can email us for a list and I will bow out now. Thank you.

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