London-based retail brokerage, Tickmill has unveiled a major change to its offering. The company is the latest from the financial services industry to roll out the MetaTrader 5 (MT5) platform to its clients.
MT5 supersedes the older MetaTrader 4 platform, widely regarded as the most popular and successful retail trading platform ever. As such, it comes as no surprise that Tickmill has adopted the new terminal – after years of dominance by MT4, the MT5 platform is already gaining broader industry traction. The transformation began a few years ago when MetaQuotes revealed a more targeted agenda to stimulate migration towards the newer platform.
According to a statement issued by the company, the MT5 platform will feature a full set of financial instruments, flexible leverage, which will allow traders using the previous platform version to apply their preferred strategies, and hedging capabilities. The platform will be available across multiple platforms such as desktop and mobile.
Commenting on the launch of the MT5 platform, Executive Director and COO of Tickmill Group, Ingmar Mattus said:
“The move to launch MetaTrader 5 came as a result of an increasing shift of interest towards multi-asset trading and flexible platform solutions. Not only does the platform deliver a powerful and functional trading environment but it also adds to the analytical capacity of the MetaTrader 4 platform, by offering superior analytical tools and algorithmic trading applications, such as Expert Advisors and copy trading.”
Tickmill said that the new generation MT5 platform goes one step further by simplifying the trading process for clients. It differs from the genuine version in terms of its more progressive algorithms for processing client operations, its speed and ease of use when conducting trades.
The broker informs traders that MT5 will be packaged with its regular account types. The terminal is available on desktop, web, Android and iOS devices. Tickmill traders can trade a variety of CFD asset classes, including Forex, stock indices, metals, bonds and stocks.
Tickmill is a group of companies with UK FCA, Cypriot CySEC, SC FSA, South African FSCA and Malaysian LFSA licenses.
MetaTrader 5, successor to the popular MT4, offers retail forex traders many features that were previously only available on institutional level platforms.
While this feature-rich online trading platform has been around for a while, brokers have been really slow to begin offering it. However, the growing list of forex brokers that launched MT5 recently could help resolve the chicken and egg dilemma, where there were no brokers offering it because traders are not familiar with the new generation. On the other hand, traders were not demanding it because no brokers were yet offering MT5.