Another broker has adopted the latest version of MetaQuotes’ electronic trading platform, MetaTrader 5, with Chilean broker MercadosG now offering the platform to its traders.
In Latin America, traders can now access more than 10,000 trading symbols through MetaTrader 5. In addition to currency pairs, the broker’s clients can also trade contracts of large global corporation stocks such as Apple, Google, and Facebook.
In addition, through the electronic trading platform, clients of MercadosG can trade exchange indices, commodities and American Depositary Receipts (ADR), the statement published by MetaQuotes said.
Some of the features included in MercadosG’s MT5 platform are deposits in Chilean pesos or US dollars, desktop, web and mobile versions (available for Android and iOS), trading robots, all order types, more than 50 technical analysis tools, economic news, and a built-in chat.
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Commenting on the announcement, Jose Manuel Briceño, Head of MercadosG, said: “Given the improved speed, robustness and technological innovations within MetaTrader 5, we felt that only this platform was suitable for our brand and for our clients’ trading habits.”
“With the MetaTrader 5 system, our traders are really excited to have access to the advanced platform features, which can assist in a better-informed trading decision making process across a wide range of global markets.”
Brokers increasingly adopt MetaTrader 5
MetaTrader 4 and MetaTrader 5 were developed by MetaQuotes and have become an industry standard for forex trading. Although MetaTrader 4 still remains as the dominant trading platform between the two versions, brokers are increasingly adopting the MT5 platform, which expands demand for the offering and enhances the platform’s features.
As Finance Magnates reported, FIBO Group, a retail forex broker, recently launched online and mobile applications for MetaTrader 5. The trading instruments available on the web and mobile applications include FX pairs and precious metal contracts.