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Turkish broker GCM Forex the latest to add MT5 to offering

Jun 26 2017
By
Jonathan Smith ,

GCM Forex, a forex broker licensed in Turkey, announced it adds the MetaTrader 5 (MT5) platform to its offering. Currently the MT5 is available to VIP account holders as desktop and web versions, as well as mobile apps.

 

Apart from MT5, the broker also supports the Metatrader 4 platform. Along with its predecessor MetaTrader 4 (MT4), MT5 is the most widely-used trading forex platform. Unlike the MT4, the MT5 platform allows execution of orders in several financial markets and stock exchanges through a single trading account. The platform uses MQL5 programming language and also enables automated trading, using Expert Advisors (EAs). Recently the platform has undergone some major upgrades and finally features the hedging option, which increased the MT5’s popularity among forex brokers.

 

In fact, at the end of 2016 the software developer MetaQuotes surprisingly stated that it intends to stop updating the MT4 in an attempt to strengthen the position of its successor on the forex and CFD market. 

 

Perhaps GCM Forex’s move to launch MT5 was also partly driven by the platform’s connectivity with the Middle East's largest exchange -  Borsa Istanbul (BIST)

 

GCM Forex is a forex brokerage operating on the basis by a license issued by Turkey's financial markets regulator, the Capital Markets Board (SPK). We remind you that in February this year SPK introduced a new set of restrictions on the forex market, lowering the maximum leverage from 1:100 to 1:10 and setting a minimum security deposit requirement to open a forex trading account (TRY 50 000). 

TAGS: GCM Forex  MT5  Turkey 
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
cTrader
$100 Review Website
Australia, Cyprus ASIC MT4, MT5,
IRESSTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website

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