ASIC-regulated brokerage firm GO Markets has expanded its offering through incorporating the MetaTrader 5 (MT5) trading platform into its live trading infrastructure, according to a statement on MetaQuotes Software’s website.
The long-awaited addition of hedging functionality to the MT5 in 2017 have convinced retail FX traders that, eight years after its launch, it might, at last, be time to upgrade their trading platform. More brokers are also actively switching to MT5, which expands demand for offering and complementing the platform’s features.
Specifically, the MT5 is a much more capable platform when it comes to offering equities, futures and other exchange-traded instruments. As such, technology providers were keen to satisfy this demand by further pushing the deployment of the platform and its infrastructure, allowing brokers to streamline their operations and empowering them to focus their resources on growth.
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The Melbourne-based broker said that the new generation platform goes one step further by simplifying the trading process for clients. It differs from the genuine version in terms of its more progressive algorithms for processing client operations, its speed and ease of use when conducting trades.
MT5 Finally Takes Off
According to the announcement, GO Markets’ MT5 platform will feature a full set of 90 financial instruments, 80 technical analysis tools, which will allow traders using the previous platform version to apply their preferred strategies, and hedging capabilities. The platform also offers Depth of Market for exchange and non-exchange symbols and will be available across multiple platforms such as desktop and mobile.
Commenting on the news, CEO of GO Markets, Christopher Gore, said: “MetaTrader 5 is an all-round better platform from both a front- and back-end perspective compared to its predecessor. MetaTrader 5 possesses true multi-asset capabilities and a highly configurable back-office, which is essential for our future expansion plans and strategic goals. The launch of a new product from MetaQuotes is a clear win for my team and our clients.”