RECOMMENDED FOREX BROKERS
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Automated forex broker RoboForex said on Monday it has expanded its trading platform offering with the web-based versions of the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) terminals. Traders can access the web platforms via the mt.roboforex.com web page, using their existing account details for their MT4 or the MT5 trading accounts.
The web version of MT4 was released in September 2015, while that for the MT5 is available since May 2016. Unlike the other versions, the web platforms do not require the installation or download of any additional software, since they are accessed directly from any device and browser.
The MT4 and MT5 WebTraders support all types of trading operations, one-click trading, three chart types, graphical objects and has 30 indicators for technical analysis, 24 graphic objects for technical analysis, nine timeframes, and reliable data protection.
MT4 and its successor MT5 are the world’s most widely-used forex trading platform. They both have support for a wide range of forex, contracts for difference (CFDs) and futures instruments. The MT5, however, has additional functions for stock market traders. Users of the two platforms can download ready-made or create their own trading robots (Expert Advisors, or EAs), scripts and custom indicators in the MQL programming language.
Clients can choose between several MT4 accounts – Fix Standard, Pro Standard, ECN Pro NDD, RCN-Fix Spread NDD, Fix Cent, Pro Cent, and three affiliate offerings – Fix-Affiliate, Pro-Affiliate, and ECN-Pro Affiliate. Meanwhile, via the MT5 investors can open Pro Standard, ECN Pro NDD, or Pro Cent accounts.
It offers the MT4 and MT5 in (web, desktop and mobile), as well as a wide selction of other platforms, including cTrader and Umstel (for US stocks).
RoboForex, headquartered in Cyprus’ Limassol, is a forex brokerage group with representative offices globally. It offers trading in forex, CFDs, and metals. The group used to provide binary options instruments under the cap of its Cyprus-regulated unit, but it discontinued the service in early June.
The brokerage consists of the holding company RoboForex Financial Group, and its units Cyprus-regulated RoboForex CY Ltd., New Zealand-based RoboForex LP., and Belize-regulated RoboForex Ltd., which until recently was known as RoboTrade Ltd.