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MetaQuotes launches new MT5 website for mobile traders

Forex trading technology provider MetaQuotes on Monday launched a new MetaTrader 5 (MT5) web terminal for forex and contract for difference trading. The launch comes more than a month after tech giant Apple pulled the company’s MetaTrader 4 and 5 mobile trading apps from its App Store without warning.

Industry sources attributed the suspension to the alleged widespread use of the platform by ‘bad actors’ in the commission of fraud. However, while development happened without any warning, months before MetaQuotes implemented a change in policy to offshore brokers who operate primarily from jurisdictions with less stringent regulations.

Meanwhile, following the news, competitors of MetaQuotes reported increase in broker registration requests, which is likely to affect MetaQuotes’ market share. In mid-October, Spotware Systems announced that it had begun investing in upgrades to its infrastructure to meet increased demand for cTrader, its electronic trading platform.

“No need for a mobile app”

However, on Monday, MetaQuotes announced that traders “can fully manage their trading accounts using a mobile device” using the new MT5 web terminal. The company said that “regardless of iPhone versions and browsers”.

“Plus, there’s no need to download a mobile app from Apple’s App Store or Google Play,” added MetaQutoes.

A view of the new MT5 web terminal (demo account)

Additionally, the software provider explained that the new terminal offers demo and live accounts, quotes of financial symbols and the ability to execute trading operations in any financial market, among other features.

In addition to this, the company noted that the terminal had been “redesigned from the ground up” and optimized; as a result, it “became faster and more efficient”.

“The new core has enabled faster response to commands and greater operational stability. The web terminal is safe to use because all transmitted information is securely encrypted,” MetaQuotes said.

Forex trading technology provider MetaQuotes on Monday launched a new MetaTrader 5 (MT5) web terminal for forex and contract for difference trading. The launch comes more than a month after tech giant Apple pulled the company’s MetaTrader 4 and 5 mobile trading apps from its App Store without warning.

Industry sources attributed the suspension to the alleged widespread use of the platform by ‘bad actors’ in the commission of fraud. However, while development happened without any warning, months before MetaQuotes implemented a change in policy to offshore brokers who operate primarily from jurisdictions with less stringent regulations.

Meanwhile, following the news, competitors of MetaQuotes reported increase in broker registration requests, which is likely to affect MetaQuotes’ market share. In mid-October, Spotware Systems announced that it had begun investing in upgrades to its infrastructure to meet increased demand for cTrader, its electronic trading platform.

“No need for a mobile app”

However, on Monday, MetaQuotes announced that traders “can fully manage their trading accounts using a mobile device” using the new MT5 web terminal. The company said that “regardless of iPhone versions and browsers”.

“Plus, there’s no need to download a mobile app from Apple’s App Store or Google Play,” added MetaQutoes.

A view of the new MT5 web terminal (demo account)

Additionally, the software provider explained that the new terminal offers demo and live accounts, quotes of financial symbols and the ability to execute trading operations in any financial market, among other features.

In addition to this, the company noted that the terminal had been “redesigned from the ground up” and optimized; as a result, it “became faster and more efficient”.

“The new core has enabled faster response to commands and greater operational stability. The web terminal is safe to use because all transmitted information is securely encrypted,” MetaQuotes said.