Software News

MT5 continues to gain ground among forex brokers

 MetaTrader 5 (MT5), the trading platform developed by the Russian company MetaQuotes Software as a successor of the extremely successful MetaTrader 4 (MT4), is continuing to gain popularity among brokers. 

 
According to MetaQuotes Software, the latest forex brokers to adopt it are LiteForex, BCS Forex and InstaForex. Since the beginning of 2017, other three brokers: BenchMark Finance, MIB700 and Binary Limited have also introduced MT5. 
 
After more than 10 years of MT4's dominance, MetaQuotes Software started making a conscious effort to promote MT5. First off it introduced the hedging option in the spring of 2016. Throughout the year it rolled our series of updates to all MT5 versions and in the end of the year said it is discontinuing the updates and support for MT4. According to some reports, MetaQuotes Software also raised the fees for new MT4 servers, while keeping those for MT5 servers at the same level. 
 
"We are pleased to join the global trend and be among the first Russian brokers offering MetaTrader 5 with the hedging option," said Kirill Ageev, the Managing Director at BCS Forex. "Our company offers more than 420 trading instruments and strives to offer exclusively high-tech solutions that optimize trading to the maximum possible extent,” he added, noting that the launch of the hedging option in MT5 has removed the last obstacle preventing them from using the fifth-generation platform. 
 
"Aiming to provide highly competitive trading solutions and brokerage services to our clients, we at BenchMark Finance are proud of introducing such a high-tech product, fully correspondent to traders’ needs", said Stanislav Fortunov, Business Development Manager at BenchMark Finance commenting on the migration to the new platform. "MetaTrader 5 Hedging feature allows its users to explore the benefits of bidirectional trading strategies, as well as to be more flexible in dynamic market conditions".
 
Other forex brokers that offer MT5 are FXTM, FxPro, FxChoice, FiboGroup etc.
 
 
TAGS: metaquotes  metatrader  mt5 
Broker Country Regulation Platform Min Deposit Review
Cyprus CySec MT4, MT5, Web $5 Review Website
US, UK, Australia CFTC/NFA, FCA, ASIC MT4, Web,
Mirror Trader,
Trading
Station,
NinjaTrader
$50 Review Website
UK, Australia, Singapore FCA MT4, Web,
ProRealTime,
2Dealer
$1 Review Website
UK, Cyprus FCA, CySec MT4 $5 Review Website
UK, Cyprus FCA, CySEC MT4, MT5, Web,
cTrader,
SuperTrader,
FxPro Markets
$100 Review Website
Seychelles FinaCom MT4 $10 Review Website
UK, Bulgaria FCA, FSC Web $150 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus CySEC MT4, MT5 $300 Review Website
New Zealand FMA MT4 $1000 Review Website
Belize IFSC MT4, Web $500 Review Website

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