FXTM has expanded its account suite to now include MT5 Pro, which will look to support a wide range of new trading conditions. The new account type helps cater to a growing user demand and pool of MT5 users that have collectively gravitated towards the platform from MT4.
FXTM had originally been ahead of the curve in the MetaTrader 5 (MT5) space, having launched a new hedging option for its clients that was compatible MT5 platform back in 2016. The capability was one of the earliest adapted brokers, enabling hedging on the MT5 platform.
It comes as no surprise that FXTM’s latest efforts have focused on MT5 – after years of dominance by MT4, the MT5 platform is finally gaining broader industry traction. The transformation had already originally begun in late 2016 when MetaQuotes revealed a more targeted agenda to stimulate migration towards its newer platform. This included the rollout of new updates and an emphasis on new capabilities, essentially leaving behind MT4.
Previously, FXTM only supported MT4 for its Pro account along with its other account types. The brokerage also offers its baseline ECN Account for MT5, while the rest of its account suite is only suited for MT4. FXTM’s MT5 Pro account will feature several newly defined conditions that will cater to its growing trading base.
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This includes free-floating leverage from 1:25 to 1:200. Additionally, its spreads on popular pairs such as the EURUSD will average 0.2 pips, while also supporting an unlimited number and volume of orders with no requotes and no commissions.
MT5 Pro also bestows several other benefits as well including hedging and netting capabilities, in tandem with partial order filling policies. Of note, the platform supports twenty-one available timeframes and over thirty-eight technical indicators on offer.
The new account constitutes one of several developments for FXTM in H1 2018. Earlier this year, FXTM saw the acquisition of a new FCA regulatory license. The license represented the third regulatory jurisdiction from which the company has acquired a permit.
The company had previously been operating in the EU with a CySEC license and its move to diversify its portfolio comes after registering material growth in client numbers throughout 2017. In February 2018, FXTM reported that its client base increased by 77 percent year-on-year with its number of active clients swelling by 64 percent over the same period.