FXOpen Adopts MetaTrader 5 for ECN Accounts

Retail forex broker FXOpen is joining the growing crowd of MetaTrader 5 adopters as the firm today added support for MetaQuotes Software’s latest flagship terminal.

FXOpen’s step comes as the industry's transition towards the MT5 platform remains in full swing, following years of hegemonic domination by its predecessor, MT4. FxOpen has become the latest brokerage to follow suit with the support of ECN trading accounts and interbank Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term on MT5.

The decision to support MT5 functionality for its ECN trading accounts is a nod to the growing market penetration of the platform, which has seen a methodic uptick in usage amongst retail brokerages over the past year.

As a large number of FX brokers have started shifting their offering into the multi-asset space, the need for a new trading frontend caused MetaQuotes to stop updating its legacy platform and move on to focus on the 5th generation of the software. This included the rollout of new updates and an emphasis on new capabilities, essentially leaving MT4 behind.

Since then, more and more brokerages have opted to launch MT5 offerings, with an uptick of multiple incentives, updates, and builds supported by MetaQuotes.

Explore MT5 Fresh Updates at London Summit

MetaQuotes, the developer of the most popular retail trading platforms, will showcase its latest MetaTrader 5 developments at the Finance Magnates London Summit 2018. Russian software company plans to reveal several updates, including the optimized client management system and advanced analytical features in the back office functionality.

Europe's largest B2B conference for the financial industry will also feature a packed agenda including a wide range of panels, discussions, seminars, and workshops on the cryptocurrency space, along with the retail and institutional FX fields.

Last week, FXOpen expanded its offering, adding eight new Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term to its growing suite. The move places the company on par with other brokers in the industry amidst burgeoning client demand.