MetaQuotes Software, the financial technology company behind a couple of the most popular forex trading platforms, Meta Trader 4 and 5 has updated the Meta Trader 5 (MT5) mobile application for iOS devices.
The biggest novelty is the added support for hedging, which until recently the MT5 platform did not offer. The new system allows opening of multiple positions of the same financial instrument, even on opposite positions. The updated MT5 iOS mobile app now offers both exchange trading with the netting system and Forex trading with one of the two available systems.
The new MT5 accounting system is similar to that of its predecessor – MT4, but adds the advantages of the fifth-generation platform – execution of orders using multiple deals (including partial filling), stop-limit orders, and more.
The hedging functionality is activated through the “Use Hedge” option on new demo accounts.
The updated MT5 mobile version also had some minor bugs fixed.
The MT5 application for Android devices is yet to be updated with the hedging functionality.
The mobile MT5 app is used for trading in forex, CFDs, futures, options and stocks. It offers real-time quotes, charts, technical indicators, analytical objects, chat with other users of the MT5 platform.