FXOpen UK joined MetaTrader 5 adopters this week when the company launched MetaQuotes Software’s latest flagship terminal. The UK entity of the FXOpen group will offer access to Electronic Communication Network trading and interbank liquidity.
The broker’s clients can now choose between two order accounting systems via MT5, in addition to its economic calendar. The platform also has easily accessible financial news.
Both Australian-based broker AETOS and Chilean broker MercadosG began offering MT5 to its clients in September. On the other hand, VIPTRADE joined the MT5 platform in October.
Transitions started last year when the Group joined MT5 with the support of ECN trading accounts. The platform’s growing influence reached an uptick in 2018 in usage in retail brokerages.
In the same year, a large number of brokers were already transitioning from its predecessor, the MetaTrader 4. MetaQuotes stopped updating MT4’s software by then.
The company shifted its focus on the 5th generation last 2016, instead, featuring new updates and new capabilities. Consequently, MT4 since then declined and slowly “died out” as per their announcement in Finance Magnates’ London Summit.
FXOpen specializes in ECN for experienced traders and those who prefer scalping as their primary business strategy. The broker’s unique business model gives its clients financial benefits with lower trading commissions.
The broker helps investors enhance their trading capabilities with automated trading systems. It also offers its own PAMM technology to adapt experts’ forex strategies, which have a proven success rate in trading.
Clients receive real-time quotes from the largest liquidity providers with strict compliance in trading terms using innovative technology.
Investors can also trade cryptocurrencies like Bitcoin, Litecoin, Namecoin, and Peercoin via FXOpen.
The company aims to make Forex trading “more professional, easy-to-access, and secure,” as per their website. Founded as an educational center that offers courses in technical analyses and financial markets, the company promises a trader-oriented approach.