Russian forex brokerage group Alpari said on Tuesday it has launched version of the MetaTrader 5 (MT5) trading platform for Android and iOS devices. The mobile platform allows live trading of forex, stocks, futures, and contracts for difference (CFDs) .
The news comes less than two weeks after the broker adopted the MT5 desktop platform and launched two new type of trading accounts, ecn.mt5 and pamm.ecn.mt5, providing its clients with access to forex and spot metals via the MT5.
The MT5 platform is a product of MetaQuotes Software. It provides users with analytical and trading tools, technical and fundamental analysis, automated trading strategies (EAs), and custom indicators in the MQL programming language. They platform is available as desktop and mobile applications. It is a successor of the world’s most widely-used trading platforms, the MetaTrader 4 (MT4), but unlike it, MT5 features functions for stock market traders.
In addition to the MT5, Alpari has MT4 and binary options platform BinaryTrader. Mobile applications for Android and iOS are available for MT4, as well.
The Alpari group provides forex, CFDs, and metals trading services. The group originated in Russia and operates in several different markets via subsidiaries regulated in Mauritius and Saint Vincent and the Grenadines.It is also pending approval for a Russian forex broker license.
The groip consists of the companies Alpari-Broker (Russia), Alpari Ltd (Saint Vincent and the Grenadines), Alpari International Ltd (Mauritius), Alpari Ltd (Belize), and Alpari Forex (Russia). In January 2015, Alpari’s UK branch went insolvent after it saw exceptional volatility and extreme lack of liquidity as a result of the EUR/CHF collapse.