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Offshore forex brokerage house Weltrade said on Tuesday it has introduced the MetaTrader 4 (MT4) MultiTrader, a component of the trading platform that allows the management of several trading account from one place at the same time.
The new option is suitable for MT4 users who manage investors’ accounts and for traders working with many accounts simultaneously.
The main feature of the MT4 MultiTerminal is its capability to simultaneously manage several trading accounts with a single click. Users can receive quotes and news in real-time mode, control and manage state of open positions and pending orders, and execute trading operations for clients’ accounts, among others.
The MultiTerminal’s interface is similar to that of the MT4 Client Terminal and platform users will easily find their way around it as it is very simple. Also, all trading tools available on the MT4 platform are also available on the MT4 MultiTerminal. In order to use the MultiTerminal, traders need to download and install it on their computer.
The MT4 MultiTerminal was released by MetaQuotes, the developer of MT4, in late 2006 and is supported by forex brokers FxPro, RoboForex, XM, Blackwell, IFC Markets, ACFX, and HotForex.
MetaQuotes has expressed its intentions to stop issuing updates to the MT4 as it seeks to focus entirely on its successor, the MetaTrader 5 (MT5). Indeed, recently the developer has not made any significant enhancements to the MT4, while adding new functions to the MT5 on a regular basis. Moreover, it increased MT4’s support fees in an attempt to promote the usage of the MT5.
Weltrade offers trading in forex, precious metals and contracts for difference (CFDs). It was set up in 2006 as SystemForex and was rebranded in 2012. The broker is based in Belize, where it received a forex broker license in December 2015 from the International Financial Services Commission (IFSC).
It has four representative offices – in Russia, Ukraine, Belarus, and Thailand, as well as 126 regional partners in Europe Asia, Africa, and Latin America. Weltrade has more than 100,000 clients in nearly 20 countries, including Russia, the Commonwealth of Independent States (CIS) (former Soviet countries) and some Asian countries.