MetaQuotes Updates Web Platform with Enhanced User Authentication

MetaQuotes, the 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 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 provider, today announced an enhancement to its MetaTrader 5 web platform which improves the protection of accounts against unauthorised access.

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The enhanced protection includes the two-factor authentication using one-time passwords and the ability to change master and investor passwords.

In order to enable the two-factor authentication, users simply need to launch the MetaTrader 5 mobile application, log in and choose the OTP generator option in the Settings window.

The one-time password (OTP) generator can bind all trading accounts and automatically generate a unique one-time six-digit password for each account. Users should enter the generated password when logging in to the web platform which will secure their account.

The updated MetaTrader 5 web platform also includes an auto generation of demo accounts feature and provides users with the opportunity to change master and investor passwords.

Today's new update follows last month's announcement that the company had unveiled its latest MT5 build incorporating new features to the hedging mode and other graphics, as reported by Finance Magnates.