Forex broker FX Choice said on Tuesday it has added to its platform offering the mobile versions of the MetaTrader 5 (MT5). The mobile platform is available for devices with iOS or Android operating systems.
MT5 is the successor of the MetaTrader 4 (MT4), the world’s most widely-used platform for forex trading. It is also available as an application for desktops and as a web-based platform. FX Choice also offers the desktop version of the MT5 and the all versions of the MT4.
Earlier this week, Russian fintech MetaQuotes, the developer of the MetaTrader platforms, announced its intentions to stop issuing updated to the MT4 as it is to focus entirely on the MT5.
Both the MT4 and the MT5 offer access to the forex, contracts for difference (CFDs), options and futures markets, but the MT5 also has a function for stock trading.
Both platforms use MQL programming languages and allow automated trading via Expert Advisors (EAs). They offer advanced charting packages, trading and analysis tools, alerts, signals, and customizable indicators.
In the past few months, MetaQuotes actively been enhancing the functionality and interface of the MT5. It has added to it hedging functionality (a long-awaited feature), chat functionality, exchange markets analyzer, new charting solutions, one-click trading and demo account opening, among others. It also launched a gateway to e-trading and charting platform CQG, thus providing direct access to a number of instruments traded on global exchanges.
FX Choice offers trading in forex, precious metals, binary options, and contracts for difference (CFDs) on futures. The broker is registered in Belize and licensed by the local International Financial Services Commission (IFSC).