ACM Gold, one of Africa’s largest retail brokerages, has upgraded its trading infrastructure to be compatible with MetaTrader5 (MT5), making it the latest broker to transition over to the new platform after years of near-hegemonic dominance from MT4. The upgrade to MT5 is to take place by the end of the month.
Brokers from around the industry have been slowly migrating to MT5, though the transition from MT4 has been anything but smooth or methodical. While MT5 has largely failed to achieve the same market penetration as its predecessor, this trend has gradually changed, kindled by greater emphasis from Metaquotes itself, in conjunction with higher demand for the platform.
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This in turn has coincided with the release of a higher amount of dedicated builds, updates, and other benefits exclusive to MT5 that have collectively facilitated the growth and spread of the platform. Following the upgrade at the end of June, ACM Gold will be fully compatible with MT5, enabling the Johannesburg-based group to offer improved tools and interface capabilities to its clients.
The integration of MT5 at ACM Gold will also see the benefit of more streamlined account switching, more accurate market penetration information, and an emphasis on EA development setting. The upgrade also makes ACM Gold one of the first brokers on the continent to switch over to MT5.
David Rosenthal, Chief Commercial Officer of ACM Gold, commented: “ACM Gold is excited to be moving forward. We are confident that MT5 with its multiple advantages such as tick charts, much better time frames, graphical tools and other technical indicators will offer traders a whole new experience in the technologically driven forex market.”