MetaQuotes, the developer of the leading platform in the industry, MetaTrader 4, says that the transition effort which the company committed to last year is bringing in results. More and more brokers are starting to adopt the firm’s MetaTrader 5 solution.
Metaquotes has announced the latest adopters of the MT5 trading platform: BCS Forex, InstaForex and LiteForex.
In March last year, Finance Magnates broke the news that the software company launched a massive upgrade to the platform, namely a hedging option. So far in 2017, Binary.com, Benchmark Finance and MIB700 have also adopted the platform.
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The CEO of Liteforex, Aleksandr Mestovsky, said: “The hedging system makes MetaTrader 5 even more popular among traders. The ability to trade Forex symbols and exchange assets via a single platform, the powerful multi-task strategy tester, the popular among developers MQL5 language syntax — all these features push the boundaries for industry participants.”
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The Business Development Manager at BenchMark Finance, Stanislav Fortunov, added: “The MetaTrader 5 Hedging feature allows its users to explore the benefits of bidirectional trading strategies, as well as to be more flexible in dynamic market conditions.”
“Traders on our MetaTrader 5 platform can now avail a wider range of trading strategies, reacting to both positive and negative news in the market,” said the CEO of Binary.com, Jean Yves Sireau.
The adoption of MetaTrader 5 is no big surprise. The development of the fifth generation of the trading platform delivered by MetaQuotes was highlighted during the annual Finance Magnates London Summit.
At the time, the Head of Sales of MeatQuotes, Anthony Papaevagorou, said: “We do not expect to see any developments to come out of MT4 ever again. Given this, MT4 is slowly dying out.”
MetaQuotes has also recently hiked the monthly support fees that brokers pay for the legacy version of the trading platform.