Exclusive: MetaQuotes Emphasizing MT5 Development, as MT4 ‘Slowly Dying Out’
- MT5 has become the paramount focus of MetaQuotes as the group looks to phase out the widely utilized MT4.
MetaQuotes outlined the genesis of its platform development, which is focused on its newer iteration, 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). The group’s past success with its existing product suite led by MT4, is slowly shifting into the company's new prime product. Earlier this year, the company introduced hedging, which has been a game changing functionality for many traders.
The company has been facing a unique struggle, given the traction MetaTrader 4 (MT4) MetaTrader 4 (MT4) MetaTrader 4 (MT4) functions as a comprehensive platform for trading foreign exchange (FX), analyzing financial markets, and using expert advisors. Despite the emergence and adoption of the newer MT5 variant, MT4 has remained the dominant and de-facto platform utilized by brokers since its release by MetaQuotes Software since 2005.MT4 is widely used in the online retail foreign exchange space by traders. The software is licensed to FXbrokers who provide the software to their clients and consists MetaTrader 4 (MT4) functions as a comprehensive platform for trading foreign exchange (FX), analyzing financial markets, and using expert advisors. Despite the emergence and adoption of the newer MT5 variant, MT4 has remained the dominant and de-facto platform utilized by brokers since its release by MetaQuotes Software since 2005.MT4 is widely used in the online retail foreign exchange space by traders. The software is licensed to FXbrokers who provide the software to their clients and consists Read this Term) currently has – the platform is largely the paramount choice amongst brokers. According to Anthony Papaevagorou, Head of Sales at MetaQuotes, in a recent presentation at the Finance Magnates London Summit: “MT5 was previously struggling to keep up with MT4 and our other offerings, our problem is that we are victims of our own success.”
We are victims of our own success
Indeed, MT5 has thus far failed to achieve the same market penetration as its more dated counterpart, though this has not stopped MetaQuotes from doubling its efforts to push MT5 adoption. Whereas past sales growth was almost exclusively relegated to MT4 on a sustained basis, since July 2016, MT5 has constituted the vast majority of the company’s product growth, far outperforming MT4 for the first time.
Additionally, MetaQuotes fortified its stance on the MT5 platform, which it intends to focus on more extensively moving forward. “We do not expect to see any developments to come out of MT4 ever again. Given this, MT4 is slowly dying out,” Papaevagorou added.
We do not expect to see any developments to come out of MT4 ever again
Looking ahead, MetaQuotes also unveiled a composite of new updates to MT5 as it looks to ultimately phase out MT4.
MetaQuotes outlined the genesis of its platform development, which is focused on its newer iteration, 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). The group’s past success with its existing product suite led by MT4, is slowly shifting into the company's new prime product. Earlier this year, the company introduced hedging, which has been a game changing functionality for many traders.
The company has been facing a unique struggle, given the traction MetaTrader 4 (MT4) MetaTrader 4 (MT4) MetaTrader 4 (MT4) functions as a comprehensive platform for trading foreign exchange (FX), analyzing financial markets, and using expert advisors. Despite the emergence and adoption of the newer MT5 variant, MT4 has remained the dominant and de-facto platform utilized by brokers since its release by MetaQuotes Software since 2005.MT4 is widely used in the online retail foreign exchange space by traders. The software is licensed to FXbrokers who provide the software to their clients and consists MetaTrader 4 (MT4) functions as a comprehensive platform for trading foreign exchange (FX), analyzing financial markets, and using expert advisors. Despite the emergence and adoption of the newer MT5 variant, MT4 has remained the dominant and de-facto platform utilized by brokers since its release by MetaQuotes Software since 2005.MT4 is widely used in the online retail foreign exchange space by traders. The software is licensed to FXbrokers who provide the software to their clients and consists Read this Term) currently has – the platform is largely the paramount choice amongst brokers. According to Anthony Papaevagorou, Head of Sales at MetaQuotes, in a recent presentation at the Finance Magnates London Summit: “MT5 was previously struggling to keep up with MT4 and our other offerings, our problem is that we are victims of our own success.”
We are victims of our own success
Indeed, MT5 has thus far failed to achieve the same market penetration as its more dated counterpart, though this has not stopped MetaQuotes from doubling its efforts to push MT5 adoption. Whereas past sales growth was almost exclusively relegated to MT4 on a sustained basis, since July 2016, MT5 has constituted the vast majority of the company’s product growth, far outperforming MT4 for the first time.
Additionally, MetaQuotes fortified its stance on the MT5 platform, which it intends to focus on more extensively moving forward. “We do not expect to see any developments to come out of MT4 ever again. Given this, MT4 is slowly dying out,” Papaevagorou added.
We do not expect to see any developments to come out of MT4 ever again
Looking ahead, MetaQuotes also unveiled a composite of new updates to MT5 as it looks to ultimately phase out MT4.