The legacy platform from MetaQuotes is still dominating the retail brokerage space despite an MT5 push.
The market has long been predicting the demise of MetaTrader 4, despite the rock-standing domination of the Trading Platform over the retail forex space. Closing on 15 years since the product has been released, it remains the industry standard offering, especially for brokers that are aiming to address the needs of algo traders.
Add to that the fact that the company that developed the software also released a successor called MetaTrader 5 in 2010. Eight years have now passed without the new platform being able to surpass the dominance of MT4.
The Hard Data
Over 2018, the Finance Magnates Intelligence department collected a dataset which sheds light on the continuing importance of MetaTrader 4 for the retail forex brokerage industry. Our first chart below details the amounts of volumes brokers are transacting via the MT4 platform across the global retail broker industry outside of Japan.
Traders appear to be creatures of habit, and the slow but steady adoption of MT5 over the past couple of years apparently is not doing enough to change the industry trends. As we can see, the turn of the first quarter of 2018 saw just above 50 percent of total trading volumes outside of Japan traded via MT4.
Until the end of the year, that market share has reached as high as 55 percent. The increase in the market share of MT4 has been steady throughout the year, reaching a peak at the end of the 3rd quarter.
As our charts show, the composition of the market shifted in favor of the legacy platform of MetaQuotes towards the end of the year. Whether or not that has to do anything with the new ESMA regulations is pure speculation. That said, it is worth noting that several large brokers which have been relying on proprietary platforms did lose clients.
Did ESMA Cause MetaTrader 4’s Rennaisance?
Data from publicly-traded companies are pointing to a sharp impact from the ESMA changes. The likelihood that clients shifted to brokers outside of the EU, which are more MT4-centric is confirmed from the chart below.
The average monthly trading volume via MetaTrader 4 at IC Markets steadily increased throughout the year. The rise from $308 billion monthly as of the end of Q1 to almost $500 billion per month during the final three months is a whopping 61 percent increase.
There is little doubt that this sharp rise is related to the harsh regulatory changes in Europe. Australian brokers have lately been actively pursuing licensing in the EU to take advantage of their strong growth and join the race to accommodate the needs of European customers.
The market has long been predicting the demise of MetaTrader 4, despite the rock-standing domination of the Trading Platform over the retail forex space. Closing on 15 years since the product has been released, it remains the industry standard offering, especially for brokers that are aiming to address the needs of algo traders.
Add to that the fact that the company that developed the software also released a successor called MetaTrader 5 in 2010. Eight years have now passed without the new platform being able to surpass the dominance of MT4.
The Hard Data
Over 2018, the Finance Magnates Intelligence department collected a dataset which sheds light on the continuing importance of MetaTrader 4 for the retail forex brokerage industry. Our first chart below details the amounts of volumes brokers are transacting via the MT4 platform across the global retail broker industry outside of Japan.
Traders appear to be creatures of habit, and the slow but steady adoption of MT5 over the past couple of years apparently is not doing enough to change the industry trends. As we can see, the turn of the first quarter of 2018 saw just above 50 percent of total trading volumes outside of Japan traded via MT4.
Until the end of the year, that market share has reached as high as 55 percent. The increase in the market share of MT4 has been steady throughout the year, reaching a peak at the end of the 3rd quarter.
As our charts show, the composition of the market shifted in favor of the legacy platform of MetaQuotes towards the end of the year. Whether or not that has to do anything with the new ESMA regulations is pure speculation. That said, it is worth noting that several large brokers which have been relying on proprietary platforms did lose clients.
Did ESMA Cause MetaTrader 4’s Rennaisance?
Data from publicly-traded companies are pointing to a sharp impact from the ESMA changes. The likelihood that clients shifted to brokers outside of the EU, which are more MT4-centric is confirmed from the chart below.
The average monthly trading volume via MetaTrader 4 at IC Markets steadily increased throughout the year. The rise from $308 billion monthly as of the end of Q1 to almost $500 billion per month during the final three months is a whopping 61 percent increase.
There is little doubt that this sharp rise is related to the harsh regulatory changes in Europe. Australian brokers have lately been actively pursuing licensing in the EU to take advantage of their strong growth and join the race to accommodate the needs of European customers.
Gender Gap in Online Privacy Concerns: Women More Reserved in Sharing Personal Data
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.
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
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
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!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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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
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
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
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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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
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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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!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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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.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
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