During the last month or so, more brokerages have launched MetaQuotes Software’s MetaTrader 5 (MT5) trading platform on their websites. The latest brokers that have added the product are ModalMais from Brazil, Caveo Brokerage from Kuwait, IFCMarkets, and Perfekt Capital Limited from Hong Kong.
The heads of the aforementioned companies shared their thoughts regarding the growth in popularity of the leading technology provider’s latest platform.
Agasi Vardanyan, Executive Director of IFCMarkets, commented: “In addition to our own NetTradeX platform and MetaTrader 4, IFCMarkets now offers trading on MetaTrader 5 significantly enhancing the possibilities of our traders. MetaTrader 5 provides a number of new features, improved functionality and expanded set of tools making the trading process more flexible and comfortable. The powerful algorithmic trading is implemented in the platform by means of the built-in MQL5 object-oriented development environment opening new horizons for professional traders.”
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Rodrigo Puga, CEO of Modal DTVM, said: “We are very excited with MetaTrader 5 launch at ModalMais and we expect it to become the most used platform by our clients in a very short period of time. We have a huge demand from active traders and from Expert Advisors’ users. Brazilian market lacks platforms like MetaTrader 5, where customers can easily program and execute their strategies with speed and assertiveness. We had invested in a solid and robust infrastructure to meet the highest standards and to offer the best MetaTrader experience for the most active traders in Brazil with the lowest possible latency.”
Hossam El Kashif, CEO of Caveo Brokerage, noted: “As a Kuwaiti company, our founders are traders with more than 10 years of experience. This reflected on our mission to make it easier to trade starting from our trading platform and moving to wide range of services. At the end of 2016, our plan was to move forward to better experience of trading. We realized that MetaTrader 5 is our solution once MetaQuotes announced that the hedging is now available. We realized that now we can offer better technology with more trading instruments including futures and stocks beside the regular Forex trading conditions that the clients used to have in MetaTrader 4. MetaTrader 5 will provide traders with the ability to trade US stocks, Futures, ETFs, FOREX and CFDs.”
Mallikarjun T. Patil, CEO of Perfekt Capital Limited, stated: “The introduction of the widely demanded MetaTrader 5 hedging option has expanded opportunities for Forex traders bringing more traders to the platform. Along with other powerful platform tools like Depth of Market and standard timeframes, the hedging feature will give more confidence and flexibility in trading. Now, it is possible to have multiple positions per symbol, including opposite directed ones if the price moves against a trader.”
Last week, MetaQuotes announced the launch of a new economic calendar widget. The company has been heavily pushing the MetaTrader 5 trading platform since last year, when back in April the firm launched hedging capabilities.
The effort from MetaQuotes has been received well by brokers as more and more are introducing the trading platform to their offering in what appears to be a slow transition away from MetaTrader 4.