London-based brokerage Stater Global Markets has announced that it will be adding the Metatrader 5 trading platform, in an effort to provide additional trading venues for its clients. The additional of the MT5 platform emphasises the prime of prime brokerage’s desire to appeal to the needs of their institutional clients, particularly in the Asian region.
The newly added trading platform will be added to a comprehensive list of platforms available for use through Stater Global Markets, which includes Integral, Currenex, FlexTrade, PrimeXM, and Metatrader 4. Over the past decade, Metatrader 4 has been by far the most popular trading platform in the FX industry. However, recent trends have shown an increasing number of brokerages offering the Metatrader 5 platform, as a way to provide alternative methods of trading for all clients.
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Stater’s Chief Executive Officer since 2016, Ramy Soliman, commented on the decision: “Brokers are increasingly wanting to offer multi-asset products to clients and we believe that MT5 – which is far superior to MT4 – will become the dominant platform for retail clients. It is a quality product and is ideally suited for our institutional client base and their multi-asset requirements… We are continually evolving to provide clients with the very best technology and products in the industry and are delighted to have added MT5 to our portfolio of platforms. Stater can deliver our entire product suite to clients through MT5, offering access to Exchange Traded Futures, Precious Metals, FX and CFDs. In addition, we have plans to offer Cryptocurrencies imminently and these will also be available through MT5.”
While it is true that in many ways the MT5 system surpasses MT4 in terms of performance, many veteran and new traders have a strong preference for the MT4 platform. Stater continues to offer MT4 as an option for all clients, while also providing the option to link any account through MT5. However, institutional clients may prefer the newer version provided by Metaquotes, due to various updated features that are not available on MT4.
Moreover, Stater will also be offering a MetaTrader 5 White Label program in an effort to accommodate the needs of banks and brokerages in Asia and across the globe, which forward their server capacity to smaller companies for a fee. The company’s efforts to accommodate the demand of all client types illustrates its determination to satisfy the needs of various client bases and to further develop into a multi-faceted global financial firm.