MetaQuotes MT5 for Web Released in Beta Version

Trading technology software developer of one of the most widely used FX trading platforms for retail traders, MetaQuotes Software Corp. (MetaQuotes), today announced the beta-version release of its MT5 web-based version of the platform, according to an official company press release.

While best known for its MetaTrader 4 (MT4) MetaTrader 4 (MT4) MetaTrader 4 (MT4) functions as a comprehensive platform for trading foreign exchange (FX), analyzing financial markets, and using expert advisors. Despite the emergence and adoption of the newer MT5 variant, MT4 has remained the dominant and de-facto platform utilized by brokers since its release by MetaQuotes Software since 2005.MT4 is widely used in the online retail foreign exchange space by traders. The software is licensed to FXbrokers who provide the software to their clients and consists MetaTrader 4 (MT4) functions as a comprehensive platform for trading foreign exchange (FX), analyzing financial markets, and using expert advisors. Despite the emergence and adoption of the newer MT5 variant, MT4 has remained the dominant and de-facto platform utilized by brokers since its release by MetaQuotes Software since 2005.MT4 is widely used in the online retail foreign exchange space by traders. The software is licensed to FXbrokers who provide the software to their clients and consists Read this Term) desktop software, and subsequent mobile and web-based versions of the MT4 platform, MT5 is the company’s next-generation Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term that has been out already for a number of years – but not in a web-based version until now.

MQL5 account needed

According to a company blog update, MetaQuotes explains that traders can log in to the MT5 web version provided they have an MQL5 community account, including a demo from any of the multitude of brokers available that are connected to its demo and live accounts servers.

The company said the beta version of the MT5 web platform already has the recently announced hedging features that were added in the desktop version. The beta release of the MT5 web version also features 30 technical indicators, 24 analytical objects, and the entire set of MetaTrader5 trading orders, and has been translated into 41 languages.

CEO wants traders to switch

Finance Magnates had written about that news after the company’s CEO implied that clients should make the switch to MT5, as a large number of clients still currently use MT4 due to the dependency of a vast number of expert advisors (EAs) that were built for the MT4 platform and that are still in use, among other potential reasons.

MT4 EA's can be re-wired or modified to fit the MT5 platform, to some extent, depending on the complexity of an automated trading system and the developers that would revise the program code to make it compatible. In addition, there are a multitude of EAs already available for MT5 available on the market within the MQL5 community, for traders that either start from scratch or want to make the switch from MT4.