Russia-focused forex broker Alpari said on Monday its clients now have access to the web-based version of the MetaTrader 5 (MT5) trading platform. Investors can trade in the platform directly from their accounts on myAlpari, which is the broker’s client portal.
The web version of the MT5 has all the functionalities of the desktop platform, excluding autotrading. However, it is more convenient since it does not require the installation of additional software and can be used across all operating platforms and browsers.
MT5, together with its predecessor MetaTrader 4 (MT4), is the most widely-used trading forex platforms. In addition to currencies, the platform provides access to various other trading instruments – contracts for difference (CFDs), options, futures, and equities. In addition, it has functions for stock market traders (unlike the MT4). The platform also features advanced charting package, trading and analysis tools, alerts, signals, and customizable indicators. It allows four types of order execution – Instant, Request, Market and Exchange.
The platform uses MQL5 programming language and grants access to several financial markets and stock exchanges through a single trading account. The platform allows hedging and automated trading, using Expert Advisors (EAs).
In addition to the web-based version, the platform is also available for desktop and mobile devices. The web platform was released in May this year, initially in a beta version.
MT4 and MT5 are developed by Russian fintech MetaQuotes.
Alpari is headquartered in Russia and has units regulated in Belize and registered in Saint Vincent and the Grenadines and Belarus. It is focused on Russia and the Commonwealth of Independent States (CIS), or the former Soviet countries. The broker was ranked as the largest forex broker by average monthly retail deposits and clients in 2015 by Interfax-Center for Economic Analysis (Interfax-CEA).
The broker offers three different web, desktop, and mobile platforms – MT4, MT5, and BinaryTrader.