Cambodian derivatives broker BIC Markets pushed the MetaTrader5 platform into Southeast Asia. MT5 continues to see its availability rise across global markets with brokers, shifting from its variant MT4.
CEO of BIC Markets, Bun Sovatdy, said the MT4’s successor is a comparably more intuitive trading platform.
BIC Markets is a leading derivatives broker in Cambodia and the first company to launch the multi-asset trading platform domestically.
Moreover, MT5’s launch will help the company absorb more clients and offer broader services.
Increasing interest in Cambodia’s trading activity leads the platform’s proliferation within the country in recent years, replacing European jurisdictions. Thus, analysts believe Cambodia’s flourishing population serves as an “untapped resource” for potential and current clients.
New features under MT5 include a full set of financial instruments, leverage up to 1:400, and hedging capabilities. Additionally, the improved platform also has an account opening functionality with a back office.
The upgraded edition also includes features that aren’t in MT4, like docked charts, economic calendars, and a multi-threaded strategy tester.
MT5 Has A News Feed
MetaQuotes, MetaTrader parent company, recently announced its foreign exchange news feed into the MT5 platform. The news feed was divided into five news categories: Sentiment, Economic indicators, Central banks, Risk events, and Bank order levels.
The Sentiment feature is one of the application’s most popular features. In addition, the Forex Source founder Jarrat Davis said the feature opens a broader audience to their educational analysis.
MetaTrader helps traders keep up with the market and help turn their news into profit.
Moreover, the platform’s Expert advisors save you from having to open your computer for a trading opportunity. Each EA is different and built for each trader’s needs.
As a result, the broker’s Market has the largest collection of free EAs, Indicators, and trading and financial magazines and books.
MetaTrader 4 remains the most popular trading interface. With analytical technologies in the platform, any trader can make multiple combinations of complex trading strategies.