MetaTrader 5 Web Platform Officially Goes Live with Market Depth Feature

MetaQuotes has officially released its latest MetaTrader 5 web platform with the company highlighting the Market Depth Market Depth Market Depth is a characteristic of a given market and its ability to handle large order sizes without materially affecting the price of the underlying asset or currency pair. Broad-based definitions of market depth characterize it as a function of liquidity and trading volume.In its most simplistic sense, market depth reflects a real-time list displaying the quantity to be sold versus unit price. This in turn is organized by price level and is reflective of real-time market activity. In theory, Market Depth is a characteristic of a given market and its ability to handle large order sizes without materially affecting the price of the underlying asset or currency pair. Broad-based definitions of market depth characterize it as a function of liquidity and trading volume.In its most simplistic sense, market depth reflects a real-time list displaying the quantity to be sold versus unit price. This in turn is organized by price level and is reflective of real-time market activity. In theory, Read this Term display feature. The feature was not available in the beta version of the platform. The launch comes after the company has already deployed its web solution for the MetaTrader 4 suite, already implemented by a big number of brokerages.

The MetaTrader 5 solution is aiming at ECN type of Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term and is allowing access to a multitude of exchanges.

MetaTrader 5 Web supports a full list of assets including FX, stocks, futures and CFDs. The platform is available across multiple browsers and operating systems including Windows, Mac and Linux. The need to install the application is eliminated, however the functionality of MT5 Web is not as powerful as the desktop equivalent.

Just like on the desktop platform, MetaTrader 5 Web supports netting and hedging accounting systems for the convenience of traders and brokers alike. The platform shows the depth of the market and has 3 chart types across 9 timeframes. The web-based software solution currently supports 31 indicators and 23 graphical objects for technical analysis.

The multi-market support of the MetaTrade 5 platform has been one of its key features with the platform strongly upgrading on the capabilities of its predecessor. MetaQuotes recently committed to the 5th generation of its platform, updating it with one of the most demanded features, hedging and netting.

Commenting on the announcement, the CEO of MetaQuotes, Renat Fatkhullin, said: ”We currently see the explosive growth in the popularity of desktop MetaTrader 5 with support for hedging. We expect the web version of the product to spark similar excitement, since it is an excellent opportunity for traders to try the most advanced platform on the market by simply opening a new browser tab.”