UK Broker Tickmill Joins the Metatrader 5 Crowd
London-based retail brokerage, Tickmill has expanded its offering through incorporating the MetaTrader 5 (MT5) platform into its live trading infrastructure, according to a corporate statement.
Tickmill said that the new generation MT5 platform goes one step further by simplifying the trading process for clients. It differs from the genuine version in terms of its more progressive algorithms for processing client operations, its speed and ease of use when conducting trades.
In an announcement to its clients, the broker informs traders that MT5 will be packaged with its regular account types. The terminal is available on desktop, web, Android and iOS devices. Tickmill traders can trade a variety of CFD asset classes, including Forex, stock indices, metals, bonds and stocks.
Tickmill is a group of companies with UK FCA, Cypriot CySEC, SC FSA, South African FSCA and Malaysian LFSA licenses.
MetaTrader 5, successor to the popular MT4, offers retail 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 could help resolve 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.
Commenting on the launch of the MT5 platform, Executive Director and COO of Tickmill Group, Ingmar Mattus said:
“Progress is an integral part of our business, and we see a shift in market interest towards multi-asset trading and more flexible platform solutions. Not only does the MT5 platform deliver a powerful and functional trading environment but it also adds to the analytical capacity of the MT4 platform by offering superior analytical tools, algorithmic trading applications such as trading robots, Expert Advisors and copy trading.”
“We believe that providing the MT5 platform in addition to the MT4 would add value to our clients’ trading experience by offering them those extra possibilities powered by a next generation trading platform.”