From Brazil to Kuwait — Brokers continue switching to MetaTrader 5
Migration of global brokers to MetaTrader 5 is entering a new round.
Recently, a number of notable market players have announced the launch
of the multi-asset platform with support for hedging.
Among them are the international Forex and CFD broker IFCMarkets,
Brazilian ModalMais, STP broker Caveo Brokerage from Kuwait and the Hong Kong-based STP Broker Perfekt Capital Limited.
"In addition to our own NetTradeX platform and MetaTrader 4, IFCMarkets
now offers trading on MetaTrader 5 significantly enhancing the
possibilities of our traders", says Agasi Vardanyan, Executive Director
of IFCMarkets. "MetaTrader 5 provides a number of new features, improved
functionality and expanded set of tools making the trading process more
flexible and comfortable. The powerful algorithmic trading is
implemented in the platform by means of the built-in MQL5
object-oriented development environment opening new horizons for
"We are very excited with MetaTrader 5 launch at ModalMais
and we expect it to become the most used platform by our clients in a
very short period of time", adds Rodrigo Puga, CEO of Modal DTVM. "We
have a huge demand from active traders and from Expert Advisors' users.
Brazilian market lacks platforms like MetaTrader 5, where customers can
easily program and execute their strategies with speed and
assertiveness. We had invested in a solid and robust infrastructure to
meet the highest standards and to offer the best MetaTrader experience
for the most active traders in Brazil with the lowest possible latency".
"As a Kuwaiti company, our founders are traders with more than 10 years of experience", notes Hossam El Kashif, CEO of Caveo Brokerage
commenting on switching to MetaTrader 5. "This reflected on our mission
to make it easier to trade starting from our trading platform and
moving to wide range of services. At the end of 2016, our plan was to
move forward to better experience of trading. We realized that
MetaTrader 5 is our solution once MetaQuotes announced that the hedging
is now available. We realized that now we can offer better technology
with more trading instruments including futures and stocks beside the
regular Forex trading conditions that the clients used to have in
MetaTrader 4. MetaTrader 5 will provide traders with the ability to
trade US stocks, Futures, ETFs, FOREX and CFDs.”
"The introduction of the widely demanded MetaTrader 5 hedging option
has expanded opportunities for Forex traders bringing more traders to
the platform", says Mallikarjun T. Patil, CEO of Perfekt Capital Limited.
Along with other powerful platform tools like Depth of Market and
standard timeframes, the hedging feature will give more confidence and
flexibility in trading. Now, it is possible to have multiple positions
per symbol, including opposite directed ones if the price moves against a