Metaquotes, the brainchild of MetaTrader 5 (MT5) platform, has in recent times revealed that many successful brokers from around the globe have embraced this platform. This revelation came into the limelight during a notice issued with regards to upgrade of iOS application for the MT5 platform. The companies utilize MT5 as trading platform in forex, stocks, futures, CFDs and cryptocurrencies.
The platform has also enabled clients affiliated to various brokers to have a wide array of knowledge with respect to financial instruments’ market statistics in exchange execution mode. This is furnished to the clients’ iOS devices. Viewing statistics is a very simple process. Traders only need to access the menu of any symbol in the Market Watch then select Statistics.
Previously, MT4, the predecessor of MT5, has been the most dominant forex trading platform. However, this has changed in the last year or so with MetaTrader 5 gradually gaining popularity. This popularity is attributed to two factors: the addition of the hedging option and numerous enhancements to each and every version of the platform which have been implemented by its developer. At the beginning of the year, Android and iOS MT5 apps received enhancements through addition of positions history. In June, more MT5 milestones which are accredited to brokerage software developer-AMTS Solutions- were achieved. The milestones entailed the MT5 integration gateway release. It facilitates incorporation of MTS with liquidity providers.
IFC Markets and VTB24 Forex are the latest forex brokers to use MetaTrader 5 for trading purposes. Further, in April, 2017, more forex brokers-XM, IC Markets and HTotal- have embraced the MTS multi-asset trading platform. FxPro, Alpari, FXTM, FxChoice, Admiral Markets are some of the distinguished forex brokers that have also embraced MT5.
MT5 is simply a platform that extends superior financial trading functions to traders/brokers. This multi-asset platform is majorly used for forex trading, futures, exchange instruments and contracts for difference (CFDs). MQL5 is the programming language utilized by this platform. In addition, through Expert Advisors (EAs), the platform is able to accommodate automated trading. Request, Market, Exchange and Instant are the key types of order execution allowed by the platform.