FIBO Group, a retail foreign exchange (forex) broker, has launched online and mobile applications for MetaTrader 5, allowing clients to perform trading operations via any web browser, and on Android and iOS devices, MetaQuotes Software Corp. announced this Friday.
MetaTrader 4 and MetaTrader 5 were developed by MetaQuotes and have become an industry standard for forex trading. The trading instruments available on the web and mobile applications include FX pairs and precious metal contracts.
According to the statement, the FIBO Group MetaTrader 5 web and mobile app features include real-time quotes, all order types, built-in technical analysis tools, full trading account access, secure connection, and more.
Commenting on the launch, Evgeny Usanov, the Chief Executive Officer of FIBO Group Ltd. said: “Traders and investors tend to choose mobile devices for managing their assets.”
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“MetaTrader 5 apps provide an excellent opportunity to stay mobile in a rapidly changing world. This fully complies with our company mission to provide the best trading conditions to clients.”
FIBO Group, Ltd. is regulated by the Financial Services Commission (FSC) in the British Virgin Islands. The group includes FIBO Group Holdings Limited (Cyprus), operating under the brand, and offering mainly MetaTrader 4 and MetaTrader 5.
MetaTrader 4 continues to be FX industry standard
As Finance Magnates reported, despite the fact that industry participants have long predicted the demise of MetaTrader 4, it managed to defy the odds last year by gaining market share.
After more than 15 years since the product has been released, it remains the industry standard offering, especially for brokers that are aiming to address the needs of algo traders.
Not only that, but with the European Securities and Markets Authority (ESMA) implementing its product intervention measures retail traders are increasingly looking to trade with brokers outside of the EU, where trading firms are more likely to offer MetaTrader 4, enhancing its popularity.