MetaQuotes has unveiled a new market of brokerage solutions for the MetaTrader 5 platform (MT5). The cohesive marketplace of third-party solutions will look to increase the scope of MT5 solutions available for clients from multiple leading integration companies. Consequently, many companies have already joined the marketplace, with the B2B service aimed at further growing the migration to MT5.
After years of dominance by MT4, the MT5 platform is finally gaining broader industry traction. The transformation had already been underway in late 2016 when MetaQuotes revealed a more targeted agenda to stimulate migration towards its newer platform. This included the rollout of new updates and an emphasis on new capabilities, essentially leaving behind MT4.
2017 saw the wide scale adoption of MT5 across multiple brokers, which has now become much more of an industry standard than in previous years. In 2018, MetaQuotes is looking to further kindle this trend with the launch of its new market, which can effectively enable financial technology providers to directly offer their goods and services to brokers.
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Reception for the market has been quite positive, with many groups looking to embrace the visibility of their respective product suite using MT5. This stance was echoed by Tom Higgins, CEO of Gold-i, who commented: “We are very pleased to have been selected to be included in the exciting new third party MetaTrader 5 solutions market. This will greatly increase the visibility of our range of MetaTrader 5 products.”
“We are already seeing an increase in sales of MetaTrader 5 related products — our Gold-i MetaTrader 5 Gateway, our MAM for MetaTrader 5, our business intelligence and risk management tool, Visual Edge; and our liquidity management platform, Matrix. The Gold-i Crypto Switch, which provides access to leading global crypto exchanges and crypto liquidity providers, is also proving to be popular. We expect that the new service will create further sales opportunities for us as MetaTrader 5 brokers worldwide will be more informed about Gold-i’s products,” he added.
Many other industry participants have already signed up to join the market, which has in turn expanded the range of featured products. The development is noteworthy and beneficial for both brokers and financial integrators.
On the brokerage side, these groups can gain access to a wide range of third-party MT5 applications via the market. By extension, integration companies can also promote their solutions to institutional users of the platform through access to the newly-deployed marketing channel.
“We are happy for brokers to be presented a reliable means to access quality, tested solutions via MetaQuotes’ new marketplace. For many years, they struggled to identify which technology companies provided reliable solutions for MetaTrader platforms. The launch of the new Market has finally solved this problem,” explained Andrew Ralich, CEO of oneZero.