Exclusive: AvaTrade Adds MetaTrader 5 Platform to Offering

AvaTrade, a foreign exchange (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) and contracts for difference (CFD) broker, revealed exclusively to Finance Magnates that it has added the MetaTrader 5 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 to its offering.

AvaTrade provides a selection of trading platforms for its clients, such as AvaTradeGO mobile app, DupliTrade, AvaOptions, and more, and now, the broker can also offer the MT5 trading platform.

With the addition of the MetaTrader 5 platform, the FX broker can now offer trading in bonds, shares, vanilla options, and other asset classes. In particular, MT5 offers a number of shares, bonds, options, and futures, in addition, to MetaTrader 4’s traditional offering of over 1,200 forex pairs, cryptos, and CFDs.

Commenting on the announcement, Dáire Ferguson, CEO of AvaTrade, said in the statement: “MetaTrader 5 is placing AvaTrade at the forefront of online trading. We believe in endless possibilities and providing our clients with the best of the best, that is why this MetaTrader 5 launch is so exciting, as it correlates perfectly with the trading environment, we wish to provide our clients”.

The rise of MT5 adoption

The MetaTrader 4 and MetaTrader 5 platforms were developed by MetaQuotes and have become an industry standard for forex trading. Although MetaTrader 4 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.

According to the statement seen by Finance Magnates, MetaTrader 5 provides a “new and improved” interface, two new order types, an economic calendar EA compatibility, and an EA testing environment.

In recent months a suite of brokers and trading providers have adopted the platform. VIPTRADE recently adopted the MetaTrader 5 platform in October. AsFinance Magnates reported, in the same month, Australian based broker AETOS began offering the platform to its clients, as did Chilean broker MercadosG in September.