Darwinex, a UK-based social trading broker and asset manager, has officially integrated the MetaTrader 5 trading platform, which is now available for download on the company’s website.
In the latest example of an FX broker adding MT5 to its list of trading platforms, the industry-wide shift to Metaquotes’ most advanced platform is being further advanced. Darwinex will continue to provide access to the outdated MT4 platform “for as long as MetaQuotes permits.”
A few months ago, Metaquotes announced that it would no longer sell its long-standing MetaTrader 4 platform to any new brokers, while also halting its support of the platform across various versions of Windows operating systems.
Furthermore, the trading software developer has also said it would not sell any additional servers even to existing clients, essentially forcing the transfer to MT5 over time. The lack of support from Metaquotes has led many brokers to quickly adjust and add the MT5 trading platform for its clients.
Darwinex differs from standard FX brokers, in that the company focuses on creating a transparent social trading environment. The FCA-regulated broker has developed a tool that analyzes the strategies of traders, through a series of criteria, including risk, scalability, performance, and experience.
The assessment of each trader provides a thorough analysis for all participants, enabling them to make more informed decisions about which strategies they would prefer to follow and potentially copy.
Winning the Battle of Blockchain Fundraising with ILPGo to article >>
The continued Shift to MT5
Meanwhile, Metaquotes continues to push forward its MT5 agenda, by updating and expanding the trading platform’s capabilities and technological compatibility.
A recent Finance Magnates survey illustrates that over 53% of traders intend on continuing to trade through the MT5 platform, once MT4 is no longer available.
The same survey also shows that nearly 48% of traders currently favor trading through desktop versions of trading platforms, likely due to the many more features and charting tools available, relative to mobile versions.
Metaquotes is taking steps to improve its mobile platforms’ capabilities by implementing various changes and additions to its trading platform, to adhere to the growing demand for mobile access and capabilities.
In June of last year, Metaquotes added 31 indicators to its MT5 Mobile Web App, in an attempt to create a more advanced trading mobile trading environment. Just a couple months later, the company unveiled its latest iOS build for the MT5 trading platform.
Metaquotes also enabled trading on India’s BSE stock exchange, as the company attempts to extend its global reach to appeal to additional markets.