Equiti Group the Latest to Adopt MetaTrader 5 (MT5) Platform
Financial technology firm Equiti Group has expanded its offering through incorporating the MetaTrader 5 (MT5) platform into its live trading infrastructure, according to a corporate statement.
Equiti Group said that the new generation MT5 platform goes one step further by simplifying the trading process for clients. It differs from the original version in terms of its more progressive algorithms for processing client operations, its speed and ease of use when conducting trades.
The technology, multi-asset trading provider informs clients that MT5 will be packaged with faster processing times, an ability to hedge positions, copy trading, 80+ preinstalled technical indicators, and multiple order types. It also offers live market news, a fully integrated economic calendar of different countries, premium risk monitors and controls, as well as the newest trading tools. The terminal is available on desktop, web, Android and iOS devices.
Commenting on the launch of the MT5 platform, Iskandar Najjar, Equiti Group CEO, said the move was an integral part of their business as they see a shift in market interest towards multi-asset trading and more flexible platform solutions.
The chicken and egg dilemma
“The addition of MetaTrader 5 to our range of trading platforms is one of the many ways we are expanding our offering to provide an advanced trading experience to our clients. MetaTrader 5 will enable our growth plans throughout 2022 and support thousands of new financial instruments including fractional shares and ETFs, while offering superior trading features,” he added.
MetaTrader 5, successor to the popular MT4, offers forex traders many features that were previously only available on institutional level platforms. While this feature-rich online trading platform has been around for a while, brokers have been really slow to begin offering it. However, the growing list of forex brokers that launched MT5 recently resolves the chicken and egg dilemma, where there were no brokers offering it because traders are not familiar with the new generation. On the other hand, traders were not demanding it because no brokers were yet offering MT5.
Christoforos Theodoulou, Head of Global Business at MetaQuotes, also notes: “We are pleased that Equiti Group has chosen MetaTrader 5. It shows their dynamic approach to growing and adapting to market trends, aimed at providing the best tools and products to their global clients for an optimal trading experience.”