MetaQuotes continues to roll out a string of updates, this time releasing a new version of the MetaTrader 5 (MT5) mobile web application, which will enable the ‘Depth of Market’ feature for users. A newly launched iteration of the tool will look to improve visibility of orders on the market, and also cater to brokers in the process.
Stocks to Watch This Week – Expedia Group, IncGo to article >>
One of the main advantages of the Depth of Market feature is the provision of relevant information about liquidity conditions. Additionally, the ability to look directly at orders on the market will also be of note for users. Such upgrades to the MT5 mobile version will be helpful for brokers given the ease with which it can be assimilated directly into websites and applications.
The latest version of the MT5 mobile web follows on the heels of multiple builds and other updates from MetaQuotes over the last few months that have seen a greater emphasis on MT5 over its predecessor MT4. Despite a large swath of the industry committed to using the MT4 platform, MetaQuotes has been focusing its development resources on MT5, which it sees as the future.
The group conceded that MT4 will be phased out in the long term, ultimately favoring a transition towards MT5. This may explain an increase of support fees for MT4 that took effect this January. This push has gradually caused a shift amongst brokers, who have been warming to MT5 en masse in recent months.