ACM Gold Becomes Latest Broker to Transition to MT5

ACM Gold, one of Africa’s largest retail brokerages, has upgraded its trading infrastructure to be compatible with MetaTrader 5 (MT5) MetaTrader 5 (MT5) MetaTrader5 (MT5) is an all-in-one trading platform that enables the trading of forex, futures, and stocks. As a whole, MetaTrader5 is widely considered as one of the best applications for trading due to its capability of supporting algorithmic trading applications, such as Expert Advisors, Trading Robots, and Copy Trading. Functioning as a multi-asset platform, MetaTrader supports hedge trading which is widely employed by investors trading the foreign exchange market. MT5 supports market, trail MetaTrader5 (MT5) is an all-in-one trading platform that enables the trading of forex, futures, and stocks. As a whole, MetaTrader5 is widely considered as one of the best applications for trading due to its capability of supporting algorithmic trading applications, such as Expert Advisors, Trading Robots, and Copy Trading. Functioning as a multi-asset platform, MetaTrader supports hedge trading which is widely employed by investors trading the foreign exchange market. MT5 supports market, trail Read this Term), making it the latest broker to transition over to the new platform after years of near-hegemonic dominance from MT4. The upgrade to MT5 is to take place by the end of the month.

The London Summit 2017 is coming, get involved!

[gptAdvertisement]

Brokers from around the industry have been slowly migrating to MT5, though the transition from MT4 has been anything but smooth or methodical. While MT5 has largely failed to achieve the same market penetration as its predecessor, this trend has gradually changed, kindled by greater emphasis from Metaquotes itself, in conjunction with higher demand for the platform.

This in turn has coincided with the release of a higher amount of dedicated builds, updates, and other benefits exclusive to MT5 that have collectively facilitated the growth and spread of the platform. Following the upgrade at the end of June, ACM Gold will be fully compatible with MT5, enabling the Johannesburg-based group to offer improved tools and interface capabilities to its clients.

The integration of MT5 at ACM Gold will also see the benefit of more streamlined account switching, more accurate market penetration information, and an emphasis on EA development setting. The upgrade also makes ACM Gold one of the first brokers on the continent to switch over to MT5.

David Rosenthal, Chief Commercial Officer of ACM Gold, commented: “ACM Gold is excited to be moving forward. We are confident that MT5 with its multiple advantages such as tick charts, much better time frames, graphical tools and other technical indicators will offer traders a whole new experience in the technologically driven 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 market.”