A Shift to Open Platforms in Forex Autotrading
- MetaQuotes’ recent aggressive policy of using their MT4 leverage in order to push brokers to abandon established auto trading platforms.
MetaQuotes’ recent aggressive policy of using their MT4 Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term in order to push brokers to abandon established autotrading platforms in favor of their own signals solution may in reality be a blessing in disguise for the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term industry. Their actions are about to bring a long-needed change from a closed ecosystem to a more open trading environment.
As is typical to a monopolistic player, Metatrader is trying to control both the trading and signals markets and exercise a suffocating level of pressure on brokers. The first results are already visible: New platforms and established players with open philosophy are gaining significant traction and see their market share increasing. Additionally, reputable brokers that have their own proprietary trading platforms are not affected and enjoy unique flexibility in their actions, a critical advantage that MT4 dependent brokers do not share.
And I pose the million dollar question: what is the value of a broker that has a proprietary platform vs a broker with MT4 only? The MT4 broker with no ability to connect via an API, just inherited a new competitor: MetaQuotes! Now competing with brokers, when is trying to mess with broker partners. What is the value of a broker with MT4, when all the future business model could be REJECTED by METAQUOTES?
Our info shows that MetaQuotes is blocking over a 100 companies with social services. Anyone with a website with customers with a cloud EA service? Now it's blocked. Can you believe that? Metatrader doesn't help the industry to evolve. In every industry new services are popping up and are upgrading the experience. MetaQuotes will block those companies, because they see it as competition.
Our calculations indicate that ZuluTrade plus all social services have introduced over $1 billion in new deposits to brokers. All new deposits will now shift to non MT4 brokers. The social industry is growing every year and MetaQuotes is not going to be a part of it.
MetaQuotes’ recent aggressive policy of using their MT4 Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term in order to push brokers to abandon established autotrading platforms in favor of their own signals solution may in reality be a blessing in disguise for the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term industry. Their actions are about to bring a long-needed change from a closed ecosystem to a more open trading environment.
As is typical to a monopolistic player, Metatrader is trying to control both the trading and signals markets and exercise a suffocating level of pressure on brokers. The first results are already visible: New platforms and established players with open philosophy are gaining significant traction and see their market share increasing. Additionally, reputable brokers that have their own proprietary trading platforms are not affected and enjoy unique flexibility in their actions, a critical advantage that MT4 dependent brokers do not share.
And I pose the million dollar question: what is the value of a broker that has a proprietary platform vs a broker with MT4 only? The MT4 broker with no ability to connect via an API, just inherited a new competitor: MetaQuotes! Now competing with brokers, when is trying to mess with broker partners. What is the value of a broker with MT4, when all the future business model could be REJECTED by METAQUOTES?
Our info shows that MetaQuotes is blocking over a 100 companies with social services. Anyone with a website with customers with a cloud EA service? Now it's blocked. Can you believe that? Metatrader doesn't help the industry to evolve. In every industry new services are popping up and are upgrading the experience. MetaQuotes will block those companies, because they see it as competition.
Our calculations indicate that ZuluTrade plus all social services have introduced over $1 billion in new deposits to brokers. All new deposits will now shift to non MT4 brokers. The social industry is growing every year and MetaQuotes is not going to be a part of it.