RaiseFX is embarking on a strategic expansion journey, spreading its wings into diverse global regions, including Asia, Africa, the Middle East, LATAM, and the Gulf Cooperation Council. This move comes as RaiseFX experiences remarkable growth, with over 50,000 active traders contributing to a monthly trading volume surpassing USD $20 billion by adopting the MT5 platform.

In an official statement, RaiseFX revealed that MT5 has emerged as the favored choice among traders due to its unparalleled flexibility and innovative features. The platform offers advanced charting tools, algorithmic trading capabilities, backtesting, and one-click trading functionalities.

RaiseFX’s CEO and Founder, David Bottin, expressed the company’s commitment to enhancing trading conditions for its users, stating, “Improving our asset classes offered in MT5 was our most logical step. We realized that a lot of active traders from all over the world are struggling with poor trading conditions and a lack of customer support from their broker.”

RaiseFX Expands into New Markets by adopting MT5

As part of its expansion efforts, RaiseFX has obtained new licenses, including the Category 1 Financial Services Provider license from the Financial Sector Conduct Authority in South Africa. This reflects the company’s dedication to offering a range of trading products within a regulated environment.

Notably, RaiseFX has made significant appointments since its establishment in 2022, including the appointment of Dany Mawas, the former Regional Director for Africa at INFINOX Global, as its Chief Commercial Officer. Mawas also held the role of Global Head of Retention at INFINOX.

RaiseFX has also established a substantial presence in several African countries, including South Africa, Zambia, Tanzania, and Botswana. The company is now setting its sights on Nigeria, reaffirming its commitment to expanding its footprint in the African market.

The move towards the MT5 platform aligns with a broader industry trend, as more brokerage firms are transitioning their clients from MetaTrader 4 (MT4) to MT5. ForexVox, a prominent London-based forex, and contracts for difference broker, announced a significant migration of 94% of its clients from MT4 to MT5.

Both MT4 and MT5 are online trading platforms developed by MetaQuotes. While MT4, introduced in 2005, primarily focuses on online forex trading, MT5, launched in 2010, offers access to a wider range of CFD markets, including stocks, indices, commodities, futures, and energies.

RaiseFX’s expansion into new regions and adoption of the MT5 platform underlines the company’s commitment to delivering enhanced trading experiences and a broader array of trading products to its growing client base.

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