Brokeree Solutions, an Estonia-based technology solutions provider for FX brokers, has expanded its portfolio for the MetaTrader 5 trading platform. The company on Wednesday launched a new MT5 Trade Copier solution, which enhances the brokers’ spreading migration to the MetaQuotes’ flagship terminal through additional services.
Brokeree’s MT5 Trade Copier plugin operates in a similar way to that of its MT4 solution and is compatible with most of MetaTrader Bridges and dealing software. It allows brokers to duplicate trades from master accounts to those of followers with applicable parameters, such as margins, volume, prices, etc. The Trade Copier plugin was created to be used internally by MT5 licensed brokers and doesn’t have an external web interface.
The company made available three copying modes to ensure that the selected range of features fit brokers’ workflow. This includes the ‘Volume multiplier’ which adjusts the volume of trades copied to target accounts. The second mode, dubbed ‘Reverse copying,’ changes the direction of the copied order, while the last one places pending orders on the target account instead of direct copying.
What Does 2021 Hold for the Markets? HYCM CEO SpeaksGo to article >>
MT5 Adoption Grows
Brokeree Solutions has recently offered a pipeline of MetaTrader 5 solutions, ultimately making most of its key products available to MT5 brokers. The long-awaited addition of hedging functionality to the MT5 in 2017 have convinced retail FX industry that eight years after its launch, it might 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.
The latest development follows on the heels of several years’ experience in which the company engineered MetaTrader 4 plugins for a wide range of financial service venues. The firm regularly develops new products and expands their portfolio of MetaTrader plugins.
We last reported on Brokeree last month when Playtech’s financial division TradeTech Group has integrated the company’s liquidity bridge to enhance its liquidity and risk management offering.