Russian software company MetaQuotes said on Tuesday it has released a web-based version of MetaTrader 5 (MT5), a multi-asset trading platform. The new platform features all key functions of the desktop MT5 platform, but, unlike the desktop version, the web-based platform is available across all platforms at any time – it can be used on any browser or operating system without software installation, as long as there is Internet connection.
In mid-May this year, MetaQuotes released a demo version of the MT5 web platform. Unlike the demo version, the new platform has depth of market feature, which allows setting market and pending orders to buy and sell stocks, currencies, futures and contracts for difference (CFDs) in a single click.
“We currently see the explosive growth in the popularity of desktop MetaTrader 5 with support for hedging”, said Renat Fatkhullin, CEO of MetaQuotes Software Corp. “We expect the web version of the product to spark similar excitement, since it is an excellent opportunity for traders to try the most advanced platform on the market by simply opening a new browser tab,” he added.
The developer said it designed the web platform at the requests of traders and brokers. The platform is available in 41 languages and features 31 technical indicators, 23 analytical objects, and the entire set of trading orders.
The MT5 is among the leading platforms for trading in forex, CFDs, options, futures, and equities. It allows users to execute trades in several financial markets and stock exchanges using a single trading account. The platform is based on the MQL5 programming language and has options for automated trading strategies (Expert Advisors, Eas), technical analysis, netting and hedging functionalities. It includes advanced charting package, trading and analysis tools, alerts, signals, and customizable indicators. The MT5 allows four types of order execution – Instant, Request, Market and Exchange.
The MT5 is a product of software developer MetaQuotes, which is also the owner of the MT4 platform. The two platforms are the world’s most widely-used ones. Both platforms have outstanding charting package, auto-trading capabilities and signal copying. The MT5, however, features functions for stock market traders that are not available on the MT4.
MT5 has been gaining popularity and is included in the offering of numerous forex brokers, including WhoTrades, Exness, FXTM, IC Markets, RoboForex, Windsor Brokers, Admiral Markets, and etc.