Cyprus-based Libertex has become the latest broker to add MetaTrader 5 (MT5) to its offerings for European clients, thus further expanding support for its trading services.
Announced on Monday, Libertex will offer both demo and real accounts on the MT5 platform. It has become one of the many brokerages to add MT5 trading platform in their offerings.
Commenting on the development, Andrew Nikolaev, General Manager Europe at Libertex, said: “Progress is inevitable, and we see a shift in the market demand towards MetaTrader 5. It was important for us to extend the list of available solutions and to start offering platform solutions which are of interest to our customers.”
“With the newly launched MetaTrader 5 platform, traders can access financial markets through the advanced software and trade in global markets more efficiently and faster.”
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Push for MT5
Apart from Cyprus, Libertex is regulated in South Africa and Belarus. Though the broker just added MT5 support for European traders, it was already offering trading on the latest MetaQuotes Software platform to its global clients.
With operations in around 120 countries, Libertex offers forex and CFDs trading services to more than 2.5 million clients. Its offerings include 250 derivatives trading instruments with euro, British pound, Swiss franc and Polish zloty accounts.
MetaQuotes released the updated trading platform in 2010, but the trading industry remained clutched to the older MT4 platform, which became an industry-standard platform for forex and CFDs trading. However, the company is determined to promote its new platform and impose many tactics to push the adoption of MT5.
Last month, MetaQuotes revealed that the number of companies using MT5 has exceeded the ones using MT4. But, when it comes to trading volume, MT4 leaves MT5 far behind. Match-Trade’s Michał Karczewski earlier told Finance Magnates that many brokers are now offering both MT4 and MT5, thus giving traders a choice of platforms.