MetaTrader 5 Web Platform Officially Goes Live with Market Depth Feature

Market depth on a web-based platform is a feature that makes MetaTrader 5 stand out from its peers.

MetaQuotes has officially released its latest MetaTrader 5 web platform with the company highlighting the market depth display feature. The feature was not available in the beta version of the platform. The launch comes after the company has already deployed its web solution for the MetaTrader 4 suite, already implemented by a big number of brokerages.

The MetaTrader 5 solution is aiming at ECN type of execution and is allowing access to a multitude of exchanges.

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MetaTrader 5 Web supports a full list of assets including FX, stocks, futures and CFDs. The platform is available across multiple browsers and operating systems including Windows, Mac and Linux. The need to install the application is eliminated, however the functionality of MT5 Web is not as powerful as the desktop equivalent.

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MetaTrader 5
Market Depth on the web-based MetaTrader 5, Source: MetaTrader 5 Web

Just like on the desktop platform, MetaTrader 5 Web supports netting and hedging accounting systems for the convenience of traders and brokers alike. The platform shows the depth of the market and has 3 chart types across 9 timeframes. The web-based software solution currently supports 31 indicators and 23 graphical objects for technical analysis.

The multi-market support of the MetaTrade 5 platform has been one of its key features with the platform strongly upgrading on the capabilities of its predecessor. MetaQuotes recently committed to the 5th generation of its platform, updating it with one of the most demanded features, hedging and netting.

Commenting on the announcement, the CEO of MetaQuotes, Renat Fatkhullin, said: ”We currently see the explosive growth in the popularity of desktop MetaTrader 5 with support for hedging. We expect the web version of the product to spark similar excitement, since it is an excellent opportunity for traders to try the most advanced platform on the market by simply opening a new browser tab.”

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