Chilean Broker MercadosG launches Trading Through MetaTrader 5

Another broker has adopted the latest version of MetaQuotes’ electronic trading platform, MetaTrader 5, with Chilean broker MercadosG now offering the platform to its traders.

In Latin America, traders can now access more than 10,000 trading symbols through MetaTrader 5. In addition to currency pairs, the broker’s clients can also trade contracts of large global corporation stocks such as Apple, Google, and Facebook.

In addition, through the electronic Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term, clients of MercadosG can trade exchange indices, commodities and American Depositary Receipts (ADR), the statement published by MetaQuotes said.

Some of the features included in MercadosG’s MT5 platform are deposits in Chilean pesos or US dollars, desktop, web and mobile versions (available for Android and iOS), trading robots, all order types, more than 50 technical analysis tools, economic news, and a built-in chat.

Commenting on the announcement, Jose Manuel Briceño, Head of MercadosG, said: "Given the improved speed, robustness and technological innovations within MetaTrader 5, we felt that only this platform was suitable for our brand and for our clients' trading habits."

“With the MetaTrader 5 system, our traders are really excited to have access to the advanced platform features, which can assist in a better-informed trading decision making process across a wide range of global markets."

Brokers increasingly adopt MetaTrader 5

MetaTrader 4 and MetaTrader 5 were developed by MetaQuotes and have become an industry standard for Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term trading. Although MetaTrader 4 still remains as the dominant trading platform between the two versions, brokers are increasingly adopting the MT5 platform, which expands demand for the offering and enhances the platform’s features.

As Finance Magnates reported, FIBO Group, a retail forex broker, recently launched online and mobile applications for MetaTrader 5. The trading instruments available on the web and mobile applications include FX pairs and precious metal contracts.

Other trading providers to offer to trade through the platform include FTXM, GO Markets, and many more.