Finance Magnates shares its most recent data on MT5 platform usage in the FX/CFD industry
While MT4 is still the most popular Trading Platform, it is already 15 years old. It has a younger brother, MT5, which is being heavily promoted by its developer. But how does the competition between these two platforms look like, and has the time come to offer it to clients?
Until a few years ago, the number of brokers using the MT4 platform was estimated to be considerably higher than 1,000. Since then, more and more brokers have added the MT5 platform to their offer. Despite being in many ways superior to its older brother, MT5 is still second in the ranks.
Finance Magnates Intelligence conducts quarterly surveys among some brokers related to the usage of the MT4/5 platforms. As our findings show, the usage of MT5 is still far from its potential but is visibly growing. In the first quarter of 2019, exactly 94.6% of the retail volume of surveyed brokers was made through the MT4 platform. Only 5.4% of the volume was generated on MT5 platforms.
One year later, we can observe a slight change to the numbers. In Q1 of 2020, the share of MT5 increased to 11.5%, while 88.5% of trading volume came from MT4 platforms. These numbers are average values only from brokers who offer both platforms and share their metrics with Finance Magnates. However, numbers for the whole industry should be close to it, showing a clear growing trend of MT5 usage.
The MT5 platform is being chosen more frequently, mostly due to its better capabilities, especially when it comes to Multi-Asset trading. Just recently, a number of world-known brokers added it to its offer, just to name Oanda Japan. According to Oanda, the platform will also be made available in other geographies over the coming months. “We also look forward to rolling it out around the world soon, in response to client demand,” Kurt vom Scheidt, Chief Operating Officer at Oanda, said.
If you would like to get these and more of the latest FX/CFD industry statistics critical for decision making in a competitive brokerage environment, get our latest Quarterly Intelligence Report.
While MT4 is still the most popular Trading Platform, it is already 15 years old. It has a younger brother, MT5, which is being heavily promoted by its developer. But how does the competition between these two platforms look like, and has the time come to offer it to clients?
Until a few years ago, the number of brokers using the MT4 platform was estimated to be considerably higher than 1,000. Since then, more and more brokers have added the MT5 platform to their offer. Despite being in many ways superior to its older brother, MT5 is still second in the ranks.
Finance Magnates Intelligence conducts quarterly surveys among some brokers related to the usage of the MT4/5 platforms. As our findings show, the usage of MT5 is still far from its potential but is visibly growing. In the first quarter of 2019, exactly 94.6% of the retail volume of surveyed brokers was made through the MT4 platform. Only 5.4% of the volume was generated on MT5 platforms.
One year later, we can observe a slight change to the numbers. In Q1 of 2020, the share of MT5 increased to 11.5%, while 88.5% of trading volume came from MT4 platforms. These numbers are average values only from brokers who offer both platforms and share their metrics with Finance Magnates. However, numbers for the whole industry should be close to it, showing a clear growing trend of MT5 usage.
The MT5 platform is being chosen more frequently, mostly due to its better capabilities, especially when it comes to Multi-Asset trading. Just recently, a number of world-known brokers added it to its offer, just to name Oanda Japan. According to Oanda, the platform will also be made available in other geographies over the coming months. “We also look forward to rolling it out around the world soon, in response to client demand,” Kurt vom Scheidt, Chief Operating Officer at Oanda, said.
If you would like to get these and more of the latest FX/CFD industry statistics critical for decision making in a competitive brokerage environment, get our latest Quarterly Intelligence Report.
A graduate of the Warsaw School of Economics, Sylwester received an MA specializing in finance and banking. As Finance Magnates' research associate and STA certified analyst, he leaves no stone unturned. Sylwester is the previous minority partner of an NFA registered US forex broker, and since 2003, has participated in many forex projects.
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Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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