Admiral Markets, the leading online retail broker, says its Admiral Markets MT5 account will mirror all terms and instruments of the broker’s flagship MT4 account. The news is expected to make an impact on both current Admiral Markets MT5 users and customers who are still trading with MetaTrader 4.
The mirroring, effective from session opening on Monday 11 September 2017, means that the majority of Admiral Markets clients will be able to take advantage of all features of MetaTrader 5, while still retaining access to their preferred markets.
MetaTrader 5 retains the usability and the looks of MT4, but has a more advanced, feature-packed software, both on the client side and on the server side. Admiral Markets is not only upgrading its Admiral.MT5 by mirroring all terms and instruments of its MT4 platform, but also changing trading conditions on the Admiral.MT5 account, including:
- A reduction in the minimum deposits to respective levels of the Admiral.Markets account.
- Expanded coverage of markets, with all Forex instruments and CFDs on cash indices, commodities, single shares, bonds, and cryptocurrencies;
- Improved margin requirements, with the increase of the maximum leverage on existing FX pairs and spot metals up to 1:500 (currently 1:100), according to the tiered Margin Requirements of the Admiral.Markets account;
- The removal of volume-based commission, which will be factored into spread, so that the typical spreads on all Admiral.MT5 instruments will be the same as those on an Admiral.Markets account;
- A reduction to the minimum trade size for FX to 0.01 lots (currently 0.1 lots);
- An increase to the maximum order size for FX instruments to 100 lots (currently 50 lots);
- The enabling of the possibility of position hedging (currently, MT5 does not allow hedging/locking of positions).
In addition to the upgrade to the trading terms, Admiral Markets will launch MetaTrader 5 Supreme Edition, further enhancing this advanced trading platform. The platform will now feature Level 2 Pricing (Market Depth) to assess the liquidity and even anticipate possible short-term price movements. Moreover, MQL5 will be available for programming trading robots, indicators, and scripts,. Admiral Markets will also boost customers’ MT5 trading experience with MT5 mobile apps for iOS and Android.