This comes one month after Apple removed MT4/MT5 trading apps from App Store.
MetaQuotes said the application was "redeveloped from scratch".
The Forex
trading technology provider, MetaQuotes launched a new MetaTrader 5
(MT5) web terminal on Monday for forex and contract for difference trading. The
launch comes over a month after the technology giant, Apple pulled down the company's popular
MetaTrader 4 and 5 mobile trading apps from its App Store without warning.
Industry
sources attributed the suspension to the alleged prevalent use of the platform by ‘bad actors’ in perpetrating scams. However, while the development happened without any warning, months before MetaQuotes had been
implementing a shift in its policy towards offshore brokers who mostly
operate from jurisdictions with less rigorous regulations.
Meanwhile, following
the news, MetaQuotes’ competitors reported increased sign-up requests from brokers, which is
likely to affect MetaQuotes’ market share. In mid-October, Spotware Systems announced that it started investing in upgrades to its infrastructure to meet the higher demand for cTrader, its electronic trading
platform.
'No Need for a Mobile App'
However,
on Monday MetaQuotes announced that traders “can
fully manage their trading accounts using a mobile device” by using the new MT5 web terminal. The company said that "regardless of iPhone
versions and browsers."
“Furthermore,
there is no need to download a mobile app from the Apple App Store or Google
Play,” MetaQutoes added.
Additionally, the
software provider explained that the new terminal offers demo and live
accounts, financial symbol quotes and the ability to execute trading operations
in any financial market, among other features.
On top of that, the company noted that the terminal was "redeveloped from scratch," and was optimized; hence, it "has become faster and more efficient."
"The new core has enabled faster response to commands and greater operational
stability. The web terminal is safe to use since all transmitted information is
securely encrypted,” MetaQuotes said.
The Forex
trading technology provider, MetaQuotes launched a new MetaTrader 5
(MT5) web terminal on Monday for forex and contract for difference trading. The
launch comes over a month after the technology giant, Apple pulled down the company's popular
MetaTrader 4 and 5 mobile trading apps from its App Store without warning.
Industry
sources attributed the suspension to the alleged prevalent use of the platform by ‘bad actors’ in perpetrating scams. However, while the development happened without any warning, months before MetaQuotes had been
implementing a shift in its policy towards offshore brokers who mostly
operate from jurisdictions with less rigorous regulations.
Meanwhile, following
the news, MetaQuotes’ competitors reported increased sign-up requests from brokers, which is
likely to affect MetaQuotes’ market share. In mid-October, Spotware Systems announced that it started investing in upgrades to its infrastructure to meet the higher demand for cTrader, its electronic trading
platform.
'No Need for a Mobile App'
However,
on Monday MetaQuotes announced that traders “can
fully manage their trading accounts using a mobile device” by using the new MT5 web terminal. The company said that "regardless of iPhone
versions and browsers."
“Furthermore,
there is no need to download a mobile app from the Apple App Store or Google
Play,” MetaQutoes added.
Additionally, the
software provider explained that the new terminal offers demo and live
accounts, financial symbol quotes and the ability to execute trading operations
in any financial market, among other features.
On top of that, the company noted that the terminal was "redeveloped from scratch," and was optimized; hence, it "has become faster and more efficient."
"The new core has enabled faster response to commands and greater operational
stability. The web terminal is safe to use since all transmitted information is
securely encrypted,” MetaQuotes said.
Solomon Oladipupo is a journalist and editor from Nigeria that covers the tech, FX, fintech and cryptocurrency industries. He is a former assistant editor at AgroNigeria Magazine where he covered the agribusiness industry. Solomon holds a first-class degree in Journalism & Mass Communication from the University of Lagos where he graduated top of his class.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!