de | cn | ru

Software News

Metatrader 5 launches futures and options from the Borsa Instanbul Derivatives Market

Sep 12 2014
Metatrader 5, the not very successful successor of the popular Metatrader 4 trading platform, is partnering with the Turkish stock exchange to offer futures and options from a new Borsa Instanbul Derivatives Market (VIOP) section.

Most of the traders worldwide, save for Japan, are still using Metaquotes’ Metatrader 4 as trading platform. The next generation of the popular MT4 is called Metatrader 5. It has been launched in June 2010 and since then has struggled to gain popularity. Not many of the forex brokers using MT4 as a main client trading terminal are even offering MT5.

Why so? The main two reasons are: i) automated trading bots, called expert advisors, which are hugely popular in MT4, cannot be used in MT5 since the programming language they are written in is not compatible with the latter platform and ii) MT5 does now allow hedging and is applying the first in, first out (FIFO) rule by default.

Although Metatrader 4 is still the most widely used platform Metaquotes is struggling to impose their next generation trading platform and is slowly losing client base. For instance one of the biggest Japanese brokers, Monex Inc., has recently discontinued MT4 in Japan and has sold its MT4 client base in US and Australia to FXCM. On top of that more and more traders and brokers are choosing other trading platforms like cTrader or Tradable. For example, the mentioned above Monex is in fact replacing MT4 with Tradable and FXPro new web platform is based on cTrader.

Probably in order to find a new market for MT5 Metaquotes has decided to offer instruments from the Turkish stock exchange. Borsa Istanbul (BIRS) is the only stock exchange in Turkey. It has c.a. 280 members and its daily trading volume has reached 3 billion Turkish liras ($1.36 billion). Only the customers of brokers that have already purchased MetaTrader 5 Gateway to Borsa Istanbul may trade futures and options from the BIRS derivative markets (VIOP).

Metaquotes new partnership is clearly targeting the Turkish population and local brokers. With the estimated $100 billion forex monthly traded volume in the country (FXCM alone reported $263 bn in July) it is not like this move will solve the problem Metaquotes faces – that 4 year after its launch MT5 is far from succeeding MT4. Time is ticking though.
TAGS: metatrader5  mt5  borsa Istanbul  birs  viop 
Broker Country Regulation Platform Min Deposit Review
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$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 MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

More Forex Software News

Why You Really Need An Updated FBS CopyTrade Version With Stop-Loss and Take-Profit

Oct 04 2019 08:42:29

FBS broker released an updated version of the CopyTrade app, and you’d absolutely love it if you are a social trading enthusiast looking for a safer copy-trading experience. Read more

Serenity blockchain trading platform announces the start of the ICO

Jan 26 2018 16:32:11

Serenity blockchain platform announces the start of the main ICO period, which will start on 25 January 2018 and will last for a total of six weeks, ending on 7 March. The main ICO period offers a unique opportunity for investors to purchase Serenity tokens with a 40% discount. Read more

Gold-i launches cryptocurrency bridge for MT4 and MT5 brokers

Oct 30 2017 12:09:36

Gold-i, the UK-based trading technology provider, has announced the launch of a new cryptocurrency solution for MetaTrader (MT4 and MT5) – the Crypto Switch. This is a bridge, which will allow brokers access to some of the leading cryptocurrency exchanges and liquidity providers. Read more

White label vs. Your own forex broker

Sep 28 2017 12:49:36

In this article, together with the experts from NewBroker, we will shed light on the White Label partnership model. We will take a look at the opportunities and risks involved in such a business. Read more

DRS Markets gets FCA license, launches CFD trading

Sep 27 2017 09:00:01

 DRS Markets, a CFD and Equity trading platform, announced it has obtained a license from UK’s Financial Conduct Authority (FCA) and has launched retail CFD trading platform from London. It is planning to attract new customers from around the world. Read more

FinaCom certifies RAMMFX investment platform

Aug 31 2017 07:46:21

 The Financial Commission (FinaCom), the independent external dispute resolution (EDR), whose members include forex, CFD and binary options brokers and fintech companies, announced it has certified the investment platform provided by RAMMFX. Read more

TigerWit forex trading platform gets Bahamas license

Aug 29 2017 10:48:19

TigerWit, a China-based forex and CFD mobile social trading platform, has obtained a broker-dealer license from the Securities Commission of The Bahamas (SCB), the company announced in a statement. Read more

Umstel trading platform certified by FinaCom

Aug 16 2017 08:57:47

The trading platform Umstel is the latest technology certified by the Financial Commission (FinaCom), an independent external dispute resolution (EDR) organization. The multi-asset web based trading platform is specialized for trading in CFDs on single stocks and ETFs. Read more

Leverate launches SIRIXCrypto, a cryptocurrency trading platform

Aug 02 2017 13:35:33

With the number of cryptocurrencies increasing every day, and their trading volumes breaking new all-time highs, Leverate decided to follow the biggest rising trend in the world of investment and finance. Read more

Match-Trade launches cryptopayment gateway for Bitcoin, Litecoin, Dash

Jul 31 2017 12:25:07

 Match-Trade Technologies, a California-based fully integrated forex technology company announced it is launching a cryptopayment gateway. It will enable various institutions to process transfers in the most popular digital currencies and to automatically collect and send payments. Read more

de | cn | ru