The Forex
trading technology provider, MetaQuotes launched a new MetaTrader 5
(MT5) web terminal on Monday for forex and contract for difference trading. The
launch comes over a month after the technology giant, Apple pulled down the company’s popular
MetaTrader 4 and 5 mobile trading apps from its App Store without warning.
Industry
sources attributed the suspension to the alleged prevalent use of the platform by ‘bad actors’ in perpetrating scams. However, while the development happened without any warning, months before MetaQuotes had been
implementing a shift in its policy towards offshore brokers who mostly
operate from jurisdictions with less rigorous regulations.
Meanwhile, following
the news, MetaQuotes’ competitors reported increased sign-up requests from brokers, which is
likely to affect MetaQuotes’ market share. In mid-October, Spotware Systems announced that it started investing in upgrades to its infrastructure to meet the higher demand for cTrader, its electronic trading
platform.
‘No Need for a Mobile App’
However,
on Monday MetaQuotes announced that traders “can
fully manage their trading accounts using a mobile device” by using the new MT5 web terminal. The company said that “regardless of iPhone
versions and browsers.”
“Furthermore,
there is no need to download a mobile app from the Apple App Store or Google
Play,” MetaQutoes added.
A view of the new MT5 Web Terminal (Demo account)
Additionally, the
software provider explained that the new terminal offers demo and live
accounts, financial symbol quotes and the ability to execute trading operations
in any financial market, among other features.
On top of that, the company noted that the terminal was “redeveloped from scratch,” and was optimized; hence, it “has become faster and more efficient.”
“The new core has enabled faster response to commands and greater operational
stability. The web terminal is safe to use since all transmitted information is
securely encrypted,” MetaQuotes said.
The Forex
trading technology provider, MetaQuotes launched a new MetaTrader 5
(MT5) web terminal on Monday for forex and contract for difference trading. The
launch comes over a month after the technology giant, Apple pulled down the company’s popular
MetaTrader 4 and 5 mobile trading apps from its App Store without warning.
Industry
sources attributed the suspension to the alleged prevalent use of the platform by ‘bad actors’ in perpetrating scams. However, while the development happened without any warning, months before MetaQuotes had been
implementing a shift in its policy towards offshore brokers who mostly
operate from jurisdictions with less rigorous regulations.
Meanwhile, following
the news, MetaQuotes’ competitors reported increased sign-up requests from brokers, which is
likely to affect MetaQuotes’ market share. In mid-October, Spotware Systems announced that it started investing in upgrades to its infrastructure to meet the higher demand for cTrader, its electronic trading
platform.
‘No Need for a Mobile App’
However,
on Monday MetaQuotes announced that traders “can
fully manage their trading accounts using a mobile device” by using the new MT5 web terminal. The company said that “regardless of iPhone
versions and browsers.”
“Furthermore,
there is no need to download a mobile app from the Apple App Store or Google
Play,” MetaQutoes added.
A view of the new MT5 Web Terminal (Demo account)
Additionally, the
software provider explained that the new terminal offers demo and live
accounts, financial symbol quotes and the ability to execute trading operations
in any financial market, among other features.
On top of that, the company noted that the terminal was “redeveloped from scratch,” and was optimized; hence, it “has become faster and more efficient.”
“The new core has enabled faster response to commands and greater operational
stability. The web terminal is safe to use since all transmitted information is
securely encrypted,” MetaQuotes said.
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