FXOpen Launches MT5 for ECN Trading Accounts - The Industry Spread

Ricardo Esteves

Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.

FXOpen

FXOpen Launches MT5 for ECN Trading Accounts

October 27, 2018

MetaTrader 5FXOpen, a leading retail foreign exchange broker, has announced ECN trading and interbank liquidity via MetaQuotes Software’s new platform MetaTrader 5.

FXOpen MetaTrader 5 features a flexible trading system, including hedging and netting accounting of positions, 4 execution modes, all types of trading orders. Its professional technical analysis allows the opening of up to 100 charts and the use of more than 80 indicators and 21 timeframes.

FXOpen customers can use MT5 to copy successful traders’ deals in the Trading Signals service, and deploy ready-made trading robots and indicators. The platform is available as a Web terminal and mobile application for iOS and Android. Only ECN trading accounts are currently supported in MetaTrader 5.

Denis Peganov, CEO of FXOpen Markets Limited, commented:

Denis Peganov, CEO of FXOpen Markets Limited
Denis Peganov, CEO of FXOpen Markets Limited

“We are proud of the market-leading trading experience we offer to our clients. FXOpen has been at the forefront of trading innovation through MetaTrader, being the first to offer the MetaTrader 4 ECN bridge and Islamic accounts. At the same time, we have always been careful not to introduce new products, unless we are absolutely certain they meet client demands. Currently, we are happy to launch the most advanced online trading platform MetaTrader 5, which incorporates all the necessary features for successful trading in financial markets.”

FXOpen UK, the London-based branch, received the Financial Services Authority (FSA) license in 2013 as the broker launched One Click Trading and Level2 Plugin in order to improve order management in the MT4 trading platform.

The launch of Crypto Accounts introduced new financial instruments such as Bitcoins, Litecoins, Namecoins, and Peercoins. BTC, LTC, and ETH can be traded against USD, EUR or RUB.

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