LIMASSOL, Cyprus, June 20, 2016 /CNW/ - Recently, one of the domestic Russian brokers Solid Financial Services has launched the MetaTrader 5 trading platform with the hedging system of position accounting. Following RoboForex, Alpari, FX Choice and other companies, SFS has become one of the first foreign exchange market participants to offer traders the ability to perform oppositely directed deals on a single symbol on real accounts in the fifth generation platform.
The new accounting system has been added to MetaTrader 5 at the end of April and has already received positive feedback from market participants. For example, one of the largest international Forex brokers - Alpari has noted the significant growth of the number of new accounts. This confirms that currency traders actively use locking and prefer brokers offering such an opportunity.
The interest in MetaTrader 5 has been sparked among exchanges as well. In less than a year, the number of brokers offering MetaTrader 5 on DGCX (Dubai Gold Commodities Exchange) has increased from 1 to 10, while growing from 1 to 5 on PMEX (Pakistan Mercantile Exchange), including the largest market maker of the exchange - ACM Gold. A number of major international and national stock brokers are preparing to launch the platform in the near future, while the rest are planning its implementation.
"Alpari has decided to rely on MetaTrader 5 and turned out to be right," says Boris Shilov, Chief Executive Officer of Alpari. "In May 2016, MetaQuotes has released the long-awaited MetaTrader 5 platform version with bidirectional trading. This feature is familiar to most traders and maximizes the number of available strategies. Alpari has been the first one to offer the platform version on the market. Our clients are satisfied with the high speed of order execution, while we are satisfied with the increasing number of newly opened accounts. I believe that MetaTrader 5 is a worthy alternative to highly popular MetaTrader 4, and I am sure that MetaTrader 5 will become the key platform for our clients worldwide."
"The ability to open hedge accounts has been much anticipated by brokers and traders. RoboForex team believes that MetaQuotes has made the right decision by adding this functionality to their MetaTrader 5 platform. We have no doubts that this step will contribute to the shift of industry standards from MetaTrader 4 to MetaTrader 5 in the near future," states Vitaly Avtaykin, managing director of RoboForex. "This is already confirmed by our actual experience: we are offering MetaTrader 5 hedge accounts since May 26, and they already comprise 54% of the total number of accounts, while their turnover is much higher compared to netting accounts."
SOURCE MetaQuotes Software Corp.