The number of brokers that are currently offering or using the MT5 has officially surpassed the number of those using the MT4, MetaQuotes revealed last month. For the first time in its history, the 2010- released MT5 has the high ground. Yet, the MT5 still lacks behind the MT4 in terms of trading volume, meaning that the former has still a lot of work to do to catch up with the latter’s numbers.
The latest broker to add the MT5 to its collection of trading softwares is Cypriot-based Libertex. The broker announced on Monday that it will support both demo and live MT5 accounts.
The General Manager Europe at Libertex Andrew Nikolaev asserted that progress was inevitable and that it is crucial for the company to increase its “list of available solutions” as he terms it, referring to the addition of the MT5.
Another global brokerage, SquaredFinancial, announced earlier this year that it has included the MT5 as part of its repertoire of trading softwares. Users can access the terminal by means of a desktop and mobile apps.
Husam Al Kurdi, CEO of SquaredFinancial, claims that he is aware of the attachment his firm’s users have over the MT4, but the benefits of an MT5 are too many to ignore. In his view, the latter version of the MetaQuotes software is the way to go.
Despite the advantage of the MT5 over in predecessor, the trading people seem to be still heavily invested in the MT4, which is still the industry-standard trading software.
