MetaTrader 5 expansion is gaining momentum
The number of brokers offering MetaTrader 5 to their clients is growing on weekly basis. Two months ago, we reported that adding the hedging function to the platform has boosted its popularity significantly.
A number of major brokers, including Alpari and RoboForex, have
switched to MetaTrader 5. They were recently followed by ForexTime
(FXTM), Swissquote, FIBO, FBS and PROFIT Group. Many other financial
institutions are actively testing the platform and preparing to join them.
Among the reasons for switching to MetaTrader 5, brokers emphasize the platform's advanced technology and versatility. FIBO Group representatives point out
that "MetaTrader 5 platform is the most modern multi-market trading
platform, providing all the necessary features, which makes online
trading on the financial markets easy".
Jameel Ahmad, ForexTime
"In line with FXTM’s commitment to provide traders the most
innovative solutions in the industry, we are immensely proud to be one
of the first brokers to offer the latest and most highly-anticipated
version of the MetaTrader 5 trading platform" — says ForexTime
Vice President of Corporate Development Jameel Ahmad. "With the option
of hedging, clients can take their trading to a whole new level. The
latest version of the platform will empower traders to take more
advantage of the changing market conditions and provide further
precision over their trades – enabling them to implement, and maximize,
on bidirectional trading strategies".
Ryan Nettles, Swissquote
"As one of the earliest MetaTrader 5 adopters, MetaTrader 5 offers
Swissquote greater business scalability compared to MetaTrader 4" — adds
Head of Forex Trading and Market Strategy at Swissquote
Ryan Nettles. "Our clients are now able to use this new hedging feature
in MetaTrader 5 as well as benefit from the platform’s additional
features including market depth and more advanced algo development functionalities".
The trend for active switching to MetaTrader 5 will prevail in the near
future. The platform is gradually becoming an industry standard for
leading brokers and traders while its functionality is constantly
expanding. Within the last two months, MetaTrader 5 has seen the
official release of its web version, two integration gateways to CQG and
Interactive Brokers platforms, as well as updates of mobile
applications for iOS and Android, while the platform's depth of market
function has been upgraded with the Time & Sales
feature for exchange markets analysis. Besides, responding to the
growing number of novice MetaTrader 5 traders, MetaQuotes Software has released a number of tutorial videos as a guide through the features of the 5th generation platform.