MetaQuotes launches revised web terminal for MetaTrader 5
MetaQuotes has announced a completely revised web terminal for MetaTrader 5: faster, more efficient, customizable, and with a redesigned interface and core.
According to the trading software company, the major update of the latest version enables the web terminal to run on each broker’s access server.
Operating as an individual web terminal – which only works with a specific platform – provides maximum security and full control for the broker, says MetaQuotes.
A list of new functions featured on MetaTrader 5’s new web terminal
The new MetaTrader 5 web terminal features a wide range of new functions, including:
- Convenient configuration of symbols in the Market Watch, along with the daily price change data
- Ability to request real accounts with a detailed registration form and document submission options
- More analytical objects with extended management options
- Market entries and exits displayed on charts
- Economic Calendar events displayed on charts
- Support for price data subscriptions and the ability to receive delayed quotes
- Significantly simplified interface
- The mobile version features a responsive interface for iOS and Android devices
Web terminal licensees can set up the new version without extra fees
The MetaTrader 5 web platform supports currency, stock and futures trading from any web browser, from any operating system, without extra software installations. MetaQuotes ensured the new MT5 web terminal is safe to use since all transmitted information is securely encrypted.
Companies holding valid web terminal licenses can set up the new version on their servers and start using it without extra fees. Companies that do not have a web terminal can order it via MetaQuotes’ technical support website.
MetaQuotes is a pioneer in FX trading technology that caters to brokerages, banks, exchanges, and hedge funds.The firm’s flagship products MetaTrader 4 and MetaTrader 5 are used daily by millions of users and thousands of financial institutions.
MetaTrader 5’s iOS version remains suspended
In September, Apple decided to suspend the MetaTrader app without disclosing the exact reasons behind the move, but the suspension follows several complaints and investigations regarding online trading scams using MT4 and MT5. Weeks prior to the decision, Apple spokesperson Adam Dema told Forbes the company was investigating complaints about MetaTrader, and would take additional action to protect App Store users if necessary.
Although the decision was made quietly on Friday, the news quickly reached the whole FX industry, which is already scrambling to find solutions for brokers that have put all their eggs in one basket.
“MetaTrader is used by the majority of ‘white label’ firms which only operate a sales team and whose sole business strategy is to buy lead lists for soliciting deposits which are then used as revenue for the white label”, said Natalia Zakharova, Head of Sales at FX and CFD broker FXOpen.
“It is therefore possible that MetaQuotes will have to work with Apple to figure out what criteria must be met in order to re-list it, which could be the implementation of vetting to ensure that only brokers with their own infrastructure and proper regulation via bona fide financial regulators in top tier jurisdictions would be using it, and providing enough resources to ensure that traders have been vetted as people with enough knowledge to be able to navigate the financial markets properly, and to ensure that actual live financial markets are being offered rather than creating a simulated market which guarantees loss to clients.
“Either way, it is a good thing for the industry as a whole, as the good quality brokerages will be able to sustain their business and prosper, and the bad actors who churn clients via lead lists will not be able to continue their operations as they do not have loyal client bases and will not be able to churn clients anymore.”