MetaQuotes has announced today that the MetaTrader 5 trading platform is now available for trading on the Moscow Exchange’s FX Market (MOEX). The first broker to launch MOEX trading via MetaTrader 5 is the Russian “Otkritie Broker” company. The service was launched for Otkritie’s clients on November 18, 2014.
The developer which is mostly focused on the retail FX market, explained to traders that they can now access the largest Russian exchange with the convenience of one-click currency trading with the exchange “Depth Of Market” option and financial market analysis using built-in technical indicators. With MetaTrader 5, traders can automate the trading process using robots, which they can develop themselves, order from professionals or buy in the trading application store MetaTrader Market.
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The Moscow Exchange is experiencing increased activity: in the third quarter of 2014 trading volumes have increased in almost all markets, but the best result is that of the FX section. The total trading volume of the foreign exchange market has increased by 26.4% compared to the third quarter of 2013 and amounted to 55.86 trillion rubles.
MetaQuotes said that the MetaTrader 5 platform can be used for trading both in Moscow Exchange’s FX Market and the FORTS market. When trading on the two markets from one terminal, a trader can easily switch between brokerage accounts (for the FORTS and FX sections of MOEX).