AvaTrade, a foreign exchange (Forex ) and contracts for difference (CFD) broker, revealed exclusively to Finance Magnates that it has added the MetaTrader 5 Trading Platform 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.
Dáire Ferguson, the CEO of AvaTrade
Source: LinkedIn
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.
