MetaQuotes stops selling MT4 to new customers
MetaQuotes, the leading forex trading platform developer and provider of MetaTrader, announced it will stop selling MetaTrader 4 platform licenses to new clients, leaving them with MetaTrader 5 as the
MetaQuotes, the leading forex trading platform developer and provider of MetaTrader, announced it will stop selling MetaTrader 4 platform licenses to new clients, leaving them with MetaTrader 5 as the only option.
The company had announced it would stop updating its software in late 2016, which caused panic to users that were not willing to adopt MetaTrader 5 as their trading software. This announcement comes as a new shock to MT4 users that complain about what they consider being bugs and limitations in MetaTrader 5.
As the new broke out, users’ comments of the leading FX forum ForexFactory turned out to be quite negative.
While new customers will have to settle with MetaTrader 5, current MetaTrader 4 brokers will be able to order additional White Label terminals and receive comprehensive technical support. The developer will also keep releasing security updates and bug fixes for the said platform.
Regarding additional functions and improvements, MetaQuotes will focus solely in MetaTrader 5, which is based on modern architecture and fully supports various functions from the older version, including hedging and reports on positions. MetaTrader 5 is now also featuring Synthetic symbols and support for Anti-DDoS providers.
MetaTrader 5 supports operation on multiple markets, including Forex, CFDs, stocks, futures, metals and cryptocurrencies. A number of software companies have developed MT4 and MT5 bridging solutions for brokers. Fortex, Gold-i, oneZero, PrimeXM and Tools For Brokers are the leading providers.
Reporting by Rick Steves. Filed 16 January 2018, 13:30 GMT.
Senior Reporter, Regulation and Fintech
Rick Steves has seen business and economics through many lenses. He joined the financial services industry in 2009, and has been a financial journalist since 2011.
