Russia-based financial software developer MetaQuotes released on Thursday a web-based beta version of its MetaTrader 5 (MT5) forex trading platform, the developer said in a notice. The new version is available via any browser and operating system.
The web-based platform will have all features available at MT5, including hedging, which it introduced in late March 2016 for desktop and Android and iOS mobile devices, as well as the entire set of trading orders, 30 technical indicators, and 24 analytical objects.
In order to use the newly-launched web-based platform, traders need an MQL5.community account and a demo account on MetaQuotes-Demo. To make it even more accessible, MetaQuotes has made available the new platform in 41 languages.
The software company has been putting a stronger emphasis on its MT5 platform, trying to prompt more brokers and traders to convert to it from its predecessor MetaTrader 4 (MT4), which is the world’s most widely-used forex trading platform.
MetaQuotes said it has decided to launch a web-based MT5 due to the numerous requests it has received from brokers who strive to attract new traders. Web-based platforms have an advantage over traditional desktop and mobile applications in that their use does not require the installation of any software.
We expect to hear in the near future from nearly all major forex brokers that they have adopted the web-based version of the MT5.
The MT5 platforms supports trading in forex, contracts for difference (CFDs), options, futures, and equities trading instruments. Unlike its predecessor – the MT4, the MT5 features functions for stock market traders. The platform allows, through a single trading account, the execution of orders in several financial markets and stock exchanges. It features advanced charting package, trading and analysis tools, alerts, signals, and customizable indicators. The platform allows four types of order execution – Instant, Request, Market and Exchange.
The platform is based on the MQL5 programming language and has options for automated trading strategies (Expert Advisors, EAs) and is available as an application for desktop and mobile devices.
MT5 trading is included in the offering of forex brokers WhoTrades, Exness, FXTM, IC Markets, RoboForex, Windsor Brokers, Admiral Markets, and etc.