JRG International Brokerage Offers Trading on DGCX via MetaTrader 5

JRG International Brokerage DMCC, an international commodity derivatives ‎brokerage operating out of the United Arab Emirates (UAE), has expanded ‎its offering through incorporating MetaTrader 5 (MT5) ‎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 into its live trading infrastructure.‎

Now, JRG customers can trade the financial instruments available at the ‎Dubai Gold and Commodities Exchange (DGCX), the first derivatives exchange in the Middle ‎East and North Africa region, enjoying all the advantages of the universal ‎platform‏.‏

Traders will gain access to all instruments available at the DGCX via the MT5 platform, which ‎is the successor of the hugely popular MetaTrader 4 (MT4) MetaTrader 4 (MT4) MetaTrader 4 (MT4) functions as a comprehensive platform for trading foreign exchange (FX), analyzing financial markets, and using expert advisors. Despite the emergence and adoption of the newer MT5 variant, MT4 has remained the dominant and de-facto platform utilized by brokers since its release by MetaQuotes Software since 2005.MT4 is widely used in the online retail foreign exchange space by traders. The software is licensed to FXbrokers who provide the software to their clients and consists MetaTrader 4 (MT4) functions as a comprehensive platform for trading foreign exchange (FX), analyzing financial markets, and using expert advisors. Despite the emergence and adoption of the newer MT5 variant, MT4 has remained the dominant and de-facto platform utilized by brokers since its release by MetaQuotes Software since 2005.MT4 is widely used in the online retail foreign exchange space by traders. The software is licensed to FXbrokers who provide the software to their clients and consists Read this Term), developed by ‎MetaQuotes Software.‎ MetaTrader 5 offers retail traders many ‎features that were previously only available on institutional level platforms.‎

While this feature-rich online trading platform has been around for a while, brokers ‎have been slow to begin offering it. However, the growing list of brokers ‎launching MT5 recently has helped resolve the chicken and egg dilemma, where ‎there were no brokers offering it because traders are not familiar with, while on the ‎other hand traders are not demanding it because nobody was yet offering it.‎

Further implementation of MT5 in Dubai

Earlier in January, MetaQuotes has abandoned MT4, stating that it will no longer ‎sell the legacy terminal as it turns entirely to the MT5 trading platform.‎

The decision of launching MetaTrader 5 by JRG International also ‎signifies the broker's position in the region ‎through offering the advanced trading technology.‎ ‏‏JRG International is the ‎oldest and largest brokerage company in DGCX and is also a member of the ‎Dubai Pearl Exchange (DPE), Dubai Gold & Jewellery Group, ‎Dubai Commodities Clearing Corporation (DCCC), and DMCC ‎Dubai Gold Receipt System.‎

‎The company is licensed by Emirates Securities and Commodities Authority ‎‎(ESCA) and Dubai Multi Commodities Centre (DMCC).‎

Commenting on the news, Jiguang Yu, CEO of AMA and Director of JRG International, said: "Our efforts are focused upon empowering traders to trade on the Dubai Gold & Commodities Exchange using state-of-the-art technology and trading tools. Our acquisition of JRG and the introduction of the MetaTrader 5 Platform will help us to serve our customers better and also extend our services to multi-asset trading communities around the world."

Les Male, CEO of DGCX, added: "Further implementation of MetaTrader 5 will enable greater connectivity and speed for both themselves and their clients."