The popular global brokerage firm, Libertex, has upgraded its trading platform offerings with MetaQuotes’ latest release: MetaTrader 5. The successor of the most popular forex trading platform amongst retail traders of all levels (MetaTrader 4), MT5 offers technological enhancements at all levels of functionality and can now be used by Libertex’s European clients.
MetaQuotes released MT5 back in 2010, but the global trading community was reluctant to let go of its older brother. With the vast range of improvements offered, MT4’s inertia is impressive, with MetaQuotes stating in June 2021 that, while more companies now offer MT5, the volume of trade through its predecessor remains much greater.
MetaTrader 4 is very much a forex-focused trading platform, designed with those markets in mind and optimised for forex traders. MetaTrader 5, on the other hand, brings support for all manner of assets, from stocks and futures to options, bonds and CFDs. The newer platform also offers eight more default indicators, more timeframes, greater market data depth, unlimited charts to create and a built-in economic calendar with an integrated news and events feed.
MT5, being “multi-threaded” software, runs much faster than MT4 and is less susceptible to crashes thanks to its enhanced memory management systems. On top of this, MT5 offers a new “netting” capability, which adds subsequent positions on the same asset by changing the order size, rather than holding several open positions on one instrument.
The move is a logical one, adding sleeker technology and capabilities for newer traders while maintaining the cult classic MT4 for those who have been around longer and find themselves among the millions with a fondness for the older platform.
A Cyprus-based brokerage firm, Libertex enables clients to access equities and derivatives markets across the world. With accounts based in pound sterling (GBP), Swiss franc (CHF) and Polish Zloty (PLN), more than 2.5 million traders from over 120 countries have signed up with Libertex to access their 250-strong range of financial instruments.
The move to join the long list of brokers offering MT5 makes sense, given the company’s range of stocks, indices, cryptocurrencies, commodities and ETFs and the additional support and functionality of the platform over its predecessor for instruments outside the forex markets.
Libertex will maintain its support of the MT4 platform and its own proprietary mobile application, simply adding MT5 to its roster of trading technologies.
The broker’s General Manager in Europe, Andrew Nikolaev, commented on the inevitability of progress and believes that customer demand is moving the way of MT5, where “traders can access financial markets through … advanced software and trade in global markets more efficiently and faster.”