Another three brokers XM.com, IC Markets and Hedge Total switched to MetaTrader 5

Migration of major brokers to MetaTrader 5 is well underway. XM.com, IC Markets and Hedge Total have announced the launch of the multi-asset HFT platform this spring. “It is something we have been patiently expecting for a long time, and I truly believe it will be a game changer for XM”, — says Chris Zacharia, […]

Migration of major brokers to MetaTrader 5 is well underway. XM.com, IC Markets and Hedge Total have announced the launch of the multi-asset HFT platform this spring.

“It is something we have been patiently expecting for a long time, and I truly believe it will be a game changer for XM”, — says Chris Zacharia, Marketing Director of XM Group. “As noted by myself in a previous interview, I feel the predecessor of MT5, the globally acknowledged MT4, is a great platform and has proved itself, but it could only satisfy the needs of a certain audience and that would be FX traders, while MT5 is open to a whole new audience in addition to FX traders. Only judging from the audience it will serve as a multi asset class platform, I would say it’s the platform of choice as we speak”.

“Following the popularity of the MetaTrader 4 trading platform, we are proud to announce the long-awaited release of MetaTrader 5”, — notes Angus Walker, Director of IC Markets. “We are extremely excited about this release as it is in line with our goal of providing traders with the absolute best tools and conditions to succeed in the markets. Improved functionality of the trading platform means our clients will gain access to advanced trading tools, hedging capabilities, and new financial products”.

“Hedge Total is a licensed broker offering its clients and partners the MetaTrader 5 platform with the market depth since 2011”, — adds Tim Davis, Head of the Dealing Department at Hedge Total.

“We believe that this is the most advanced trading platform, while adding the ability to place locks has also made it the most efficient one for profitable and safe trading. You do not need to study physics and laws of motion to drive a car. And you do not need any of that to trade in MetaTrader 5. Our team is grateful to traders choosing the MetaTrader 5 platform and enjoying the best trading conditions on Forex”.

Read this next

Digital Assets

DappRadar report: NFTs volume below $1 billion for the first time since June 2021

DappRadar’s July 2022 industry report found that blockchain games and their NFTs remain resilient amid a crypto winter accentuated by the debacle of Terra.

Digital Assets

Blockchain.com registers to operate crypto business in Italy

Blockchain.com had registered as a digital asset provider in Italy, following in the tracks of rivals who joined a special registry with brokerage regulator Organismo degli Agenti e dei Mediatori (OAM).

Digital Assets

Binance rolls out crypto card in Argentina with 8% cashback

Binance is launching its crypto debit card in Argentina, the first country in Latin America to have the product thanks to a partnership with Mastercard.

Digital Assets

Greece sends BTC-e operator Alexander Vinnik to US

Alexander Vinnik, an alleged Russian hacker accused of laundering $4 billion of criminal proceeds through BTC-e, has been extradited from Greece to the United States.

Retail FX

Saxo Bank reports weakest FX volume in 6 months

As many traders were away on annual summer leave, currency markets saw a relatively quiet period in July. Within that context, Copenhagen-based Saxo Bank has reported its monthly metrics, which showed a renewed decline month-over-month.

Market News

The Week Ahead: 5 August from David Madden, Market Analyst at Equiti Group

It has been an interesting week and despite a lot of negative news, equity markets enjoyed a positive run. US House Speaker, Nancy Pelosi, defied the warnings from the Chinese government and carried out a visit to Taiwan. The Beijing authorities moved military hardware close to the self-governed island to flex its muscles. Stock markets came under a little pressure as a result and risk-off assets like the Japanese yen and gold found themselves in high demand.

Opinion

Alina Strogonova of Muvon Payments: How Can Fintech Optimise Payments

Financial services in their conventional form are obsolete, according to fintech startups. New-age finance is constantly redesigning electronic money transactions and testing innovative solutions.

Digital Assets

No need for CFDs: BitMEX introduces leveraged FX perpetual swaps

Previously retail FX trading was mostly possible via CFDs (contract for difference). BitMEX’s FX perps allow both retail users and institutional traders to access FX markets through an exchange-traded contract.

Digital Assets

BEQUANT launches index measuring dollar against crypto

“Our research team has worked hard to quantify and capture the latest economic story into the broader crypto market.”

<