More than 60% of Axi's customers now trade on MetaTrader 5, MetaQuotes said yesterday (Wednesday) in a case study on the broker. Axi has also started deploying Ultency, the order-matching engine MetaQuotes sells to MT5 brokers.
MetaTrader 5 overtook MT4 across the industry last year. It handled 62% of combined MT4 and MT5 CFD volumes in the third quarter of 2025, as FM Intelligence data showed the newer platform extending its lead, after MT4 had carried about two-thirds of volumes a year earlier.
London's trading industry is coming home!
Founded in 2007, Axi reports more than 1.4 million users in over 100 countries and $3.45 trillion in trading volume for fiscal 2025.
MetaQuotes Pitches Ultency to Brokers Using Outside Bridges
MetaQuotes switched Ultency to volume-based pricing in December 2025, charging $1 per $1 million traded with discounts at higher volumes. The model is aimed at MT5 brokers that route orders through third-party bridges, which MetaQuotes said typically cost $1,500 to $7,000 a month plus infrastructure.
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Most of the engine's announced users so far have been liquidity providers connecting their prices to it. LMAX, GMG Prime and Scope Prime signed up in early 2026, and Vantage followed in April. MetaQuotes says the engine now links brokers to more than 30 providers.
Independent vendors such as oneZero, PrimeXM and Centroid sell the same aggregation and routing layer. Industry executives warned in April of a "race to zero" in bridge pricing after MetaQuotes entered the market.
Axi Added Your Bourse's Engine Last Year
Axi said the Ultency rollout is at an early stage and that it has seen initial improvements in platform performance and execution quality, according to MetaQuotes.
Owais Anwer, Axi's global head of technology operations, said the broker needs "technology that can scale without creating unnecessary operational complexity."
Axi credits MT5 with finer control over administrative permissions and with automation that cuts repetitive manual work, the case study said. Axi also uses MT5's access servers to bring connectivity closer to clients in different regions.
In May 2025, Axi added a matching engine, liquidity aggregation and risk tools from Your Bourse to support its institutional business. It is unclear whether Ultency replaces that setup.
Two months later, the broker relaunched AxiPrime as an institutional liquidity service for professional trading firms, built on the Your Bourse technology. The service handles up to 500,000 order events per second, according to its launch announcement.
