This comes one month after Apple removed MT4/MT5 trading apps from App Store.
MetaQuotes said the application was "redeveloped from scratch".
The Forex
trading technology provider, MetaQuotes launched a new MetaTrader 5
(MT5) web terminal on Monday for forex and contract for difference trading. The
launch comes over a month after the technology giant, Apple pulled down the company's popular
MetaTrader 4 and 5 mobile trading apps from its App Store without warning.
Industry
sources attributed the suspension to the alleged prevalent use of the platform by ‘bad actors’ in perpetrating scams. However, while the development happened without any warning, months before MetaQuotes had been
implementing a shift in its policy towards offshore brokers who mostly
operate from jurisdictions with less rigorous regulations.
Meanwhile, following
the news, MetaQuotes’ competitors reported increased sign-up requests from brokers, which is
likely to affect MetaQuotes’ market share. In mid-October, Spotware Systems announced that it started investing in upgrades to its infrastructure to meet the higher demand for cTrader, its electronic trading
platform.
'No Need for a Mobile App'
However,
on Monday MetaQuotes announced that traders “can
fully manage their trading accounts using a mobile device” by using the new MT5 web terminal. The company said that "regardless of iPhone
versions and browsers."
“Furthermore,
there is no need to download a mobile app from the Apple App Store or Google
Play,” MetaQutoes added.
Additionally, the
software provider explained that the new terminal offers demo and live
accounts, financial symbol quotes and the ability to execute trading operations
in any financial market, among other features.
On top of that, the company noted that the terminal was "redeveloped from scratch," and was optimized; hence, it "has become faster and more efficient."
"The new core has enabled faster response to commands and greater operational
stability. The web terminal is safe to use since all transmitted information is
securely encrypted,” MetaQuotes said.
The Forex
trading technology provider, MetaQuotes launched a new MetaTrader 5
(MT5) web terminal on Monday for forex and contract for difference trading. The
launch comes over a month after the technology giant, Apple pulled down the company's popular
MetaTrader 4 and 5 mobile trading apps from its App Store without warning.
Industry
sources attributed the suspension to the alleged prevalent use of the platform by ‘bad actors’ in perpetrating scams. However, while the development happened without any warning, months before MetaQuotes had been
implementing a shift in its policy towards offshore brokers who mostly
operate from jurisdictions with less rigorous regulations.
Meanwhile, following
the news, MetaQuotes’ competitors reported increased sign-up requests from brokers, which is
likely to affect MetaQuotes’ market share. In mid-October, Spotware Systems announced that it started investing in upgrades to its infrastructure to meet the higher demand for cTrader, its electronic trading
platform.
'No Need for a Mobile App'
However,
on Monday MetaQuotes announced that traders “can
fully manage their trading accounts using a mobile device” by using the new MT5 web terminal. The company said that "regardless of iPhone
versions and browsers."
“Furthermore,
there is no need to download a mobile app from the Apple App Store or Google
Play,” MetaQutoes added.
Additionally, the
software provider explained that the new terminal offers demo and live
accounts, financial symbol quotes and the ability to execute trading operations
in any financial market, among other features.
On top of that, the company noted that the terminal was "redeveloped from scratch," and was optimized; hence, it "has become faster and more efficient."
"The new core has enabled faster response to commands and greater operational
stability. The web terminal is safe to use since all transmitted information is
securely encrypted,” MetaQuotes said.
Solomon Oladipupo is a journalist and editor from Nigeria that covers the tech, FX, fintech and cryptocurrency industries. He is a former assistant editor at AgroNigeria Magazine where he covered the agribusiness industry. Solomon holds a first-class degree in Journalism & Mass Communication from the University of Lagos where he graduated top of his class.
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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Register now to secure your spot: https://bit.ly/3JbUpCK
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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