MetaQuotes CEO Calls On MT4 Traders to Switch to MT5

MetaQuotes Software Corp. today released a new version of its MetaTrader 5 platform, now offering an hedging option as we reported in March. The firm's head used the opportunity to call upon the many users of its MT4 platform to make the switch.

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"Why use two platforms, when you can access all the required functionality in one of them?" said Renat Fatkhullin, CEO of MetaQuotes Software Corp. "MetaTrader 5 is not just a multi-asset platform, now it offers specific features for different financial markets. The netting trading system is available for Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term traders, while Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term traders can use the familiar hedging mode."

The introduction of the hedging option came after years of popular demand from traders and the firm expects that it will encourage many more MT4 brokers adopt MetaTrader 5.

The new MT5 platform version (build 1325) also features a more convenient user guide with less text but more illustrations, explanatory diagrams, interactive images, and videos. It additionally allows for testing trading robots and technical indicators using real tick history, increasing the accuracy of reports on Expert Advisor (EA) testing and optimization. Another innovation in MT5 is the built-in chat, which allows discussing financial news and trading strategies with other traders straight from the platform.