Menacorp joins the reluctant ranks of MT5 users, offering trading on Dubai's Gold and Commodities Exchange.
FM
Menacorp, a leading brokerage firm operating out of Abu Dhabi in the United Arab Emirates (UAE), is launching the MetaTrader 5 (MT5) online Trading Platform for their customers wishing to trade on the Dubai Gold and Commodities Exchange (DGCX), the first derivatives exchange in the Middle East and North Africa region.
Traders will gain access to all instruments available at the Middle Eastern financial and commodity derivatives exchange via the MT5 platform, which is the successor of the hugely popular MetaTrader 4 (MT4)), developed by MetaQuotes Software.
The move by Menacorp to adopt MT5 is rather curious, given its overall lack of uptake among trading firms. Consequently, the very thing that made MT4 so popular – namely, that a huge development community sprung up around it providing customization – is strikingly absent from its successor.
Nevertheless, Menacorp’s status as the number one broker on UAE exchanges will likely not be harmed by offering the new trading technology on the DGCX.
Commenting on the decision, Gaurang Desai, Interim CEO of DGCX, said: “We extend our congratulations to Menacorp to become first DGCX member to use MetaTrader 5 platform and offer our products to their customer base. This partnership comes at a time when DGCX has recorded the highest Open Interest ever in its 10 year history and with dynamic platforms like MetaTrader 5, we expect increased participation and fresh enrollments across the MENA region.”
"We are very delighted to be a member on DGCX as we believe that it has a great future and we look forward to being a very important and active member. DGCX will help us diversify our product offering to our clients. We made sure to use one of the best software for trading futures which is MetaTrader 5," comments Ayman Al Satari, Deputy Managing Director Brokerage at Menacorp.
"We also congratulate Menacorp on the successful implementation of MetaTrader 5 to DGCX," adds Renat Fatkhullin, CEO of MetaQuotes Software. "This step has significantly expanded the opportunities of the broker's clients.”
Menacorp, a leading brokerage firm operating out of Abu Dhabi in the United Arab Emirates (UAE), is launching the MetaTrader 5 (MT5) online Trading Platform for their customers wishing to trade on the Dubai Gold and Commodities Exchange (DGCX), the first derivatives exchange in the Middle East and North Africa region.
Traders will gain access to all instruments available at the Middle Eastern financial and commodity derivatives exchange via the MT5 platform, which is the successor of the hugely popular MetaTrader 4 (MT4)), developed by MetaQuotes Software.
The move by Menacorp to adopt MT5 is rather curious, given its overall lack of uptake among trading firms. Consequently, the very thing that made MT4 so popular – namely, that a huge development community sprung up around it providing customization – is strikingly absent from its successor.
Nevertheless, Menacorp’s status as the number one broker on UAE exchanges will likely not be harmed by offering the new trading technology on the DGCX.
Commenting on the decision, Gaurang Desai, Interim CEO of DGCX, said: “We extend our congratulations to Menacorp to become first DGCX member to use MetaTrader 5 platform and offer our products to their customer base. This partnership comes at a time when DGCX has recorded the highest Open Interest ever in its 10 year history and with dynamic platforms like MetaTrader 5, we expect increased participation and fresh enrollments across the MENA region.”
"We are very delighted to be a member on DGCX as we believe that it has a great future and we look forward to being a very important and active member. DGCX will help us diversify our product offering to our clients. We made sure to use one of the best software for trading futures which is MetaTrader 5," comments Ayman Al Satari, Deputy Managing Director Brokerage at Menacorp.
"We also congratulate Menacorp on the successful implementation of MetaTrader 5 to DGCX," adds Renat Fatkhullin, CEO of MetaQuotes Software. "This step has significantly expanded the opportunities of the broker's clients.”
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Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
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🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
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FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
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FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
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FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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