MetaQuotes

One of the largest Forex brokers in Asia and MENA region starts offering MetaTrader 5 to its clients.

Market Equity Inc. strives to open global markets for traders of all skill levels and make investing in the financial markets simple, efficient and cost-effective. This has led to the launch of the advanced MetaTrader 5 platform with its unique ecosystem of services.

To meet clients' demands, the broker offers several account types, plenty of trading instruments and different investment options. Fast execution, competitive spreads and enhanced trading opportunities are the rules that Market Equity upholds.

Mr Jubran Jubran, Market Equity Inc.

"As we care about our clients' success, we were quick adopters of MetaTrader 5", says Mr Jubran Jubran, CEO of Market Equity. "For traders wanting a multi-asset platform and access to powerful trading tools, MetaTrader 5 is a sensible option. MetaTrader 5 allows operating multiple accounts with different brokers. It also has excellent automated trading capabilities and copy trading. Overall, for complex trading strategies, MetaTrader 5 is the best".

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The recent MetaTrader 5 update delivers new functionality and further enhances user experience. The most noticeable changes are described below.

Terminal: New Data Downloading Option

In order to save traffic, the platform downloads symbol price history only when the relevant data is requested, for example, when the price chart is opened or when testing is launched. However, waiting for data to download may not be convenient for actively used symbols.

Enable the new option "Preload chart data for open positions and orders", and the charts of the symbols for which you have open positions or pending orders, will be updated in the background mode. The relevant data will be immediately available for analysis whenever you open the symbol chart.

Code Profiler: New Features and Inlining Control

With the updated Profiler, trading robot developers can accurately determine the execution time of each MQL program section. Performance data can assist in creating efficient and fast-running solutions. In contrast to the previously used Profiler which significantly modified the program, the new version uses an unchanged executable code for profiling.

The Profiler now uses the Sampling method: MQL program execution is interrupted every millisecond to analyze which function part is being executed at that moment. The analysis reflects the share of each function in the total code execution time.

Performance metrics (in units and percentage):

• Total CPU — how often the function was used.
• Self CPU — how much processor time was utilized for the specific function execution. This variable is crucial in identifying MQL program bottlenecks.
  

Another update concerns the function inlining during profiling. Inlining (adding a function code directly to its call site) enables program performance acceleration, but it makes function profiling difficult. Now, you can disable the inlining feature if you need a report on "pure" functions.

Tester: Improved Custom Settings

The update provides revised options for working with custom settings. For example, when the "Use custom settings" option is disabled, all other settings in the dialog are deactivated to avoid misleading interpretation.

Fixed calculation of custom commissions: now, commissions can be enabled by specifying the symbol name instead of the entire path. Also, the update features some minor bug fixes and interface improvements, including rearranged tabs and optimized table column width.

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The multi-regulated broker HYCM has added 83 new stocks for trading on all account types in the MetaTrader 5 platform. The new instruments include popular assets, such as Nike, Adobe, Berkshire Hathaway, Dropbox, GoDaddy, and Gilead Sciences stocks.

The addition of new trading instruments is part of HYCM's global strategy to expand its portfolio, in an effort to satisfy the needs of different types of traders.

Giles Coghlan, HYCM

Giles Coghlan, Chief Currency Analyst, HYCM, commented: "With large price swings across the major indices, people want to drill down into the fundamentals for specific stocks. They are looking for the individual winners and losers in our COVID-19 impacted world. With renewed interest across several different sectors, it was only a natural step for us to give HYCM clients wider access to new individual stock opportunities.

One of the MetaTrader 5 platform benefits, is the ability to trade individual stocks alongside commodities and forex. The main advantage of the new platform over MetaTrader 4, is the Depth of Market (DOM) display, which allows all parties trading a security to view the full list of buy and sell orders, along with their sizes. This is why the MetaTrader 5 platform is an excellent way for us to offer FX symbols alongside the recently added stocks".

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MetaTrader 5 trading platform features improvements allowing traders to achieve better results:

• additional fundamental data directly in the platform
• search for the best combination of inputs using Complex Criterion max when optimizing EAs
• arrange financial instruments by sector, industry and country
• more efficient development of robots in the updated MetaEditor

Additional fundamental data for symbols

Now you can get extended data on any instrument from well-known financial portals and services. This will allow your trading decisions to be more educated and based on detailed data. Study the quotes history of Microsoft shares in Google Finance, get dozens of statistical parameters from Finviz, find out how traders are currently trading on the selected instrument, and so on. Now you can do all that directly in your terminal.

We have done our best to provide additional fundamental data on the maximum number of instruments. However, this feature is not available in older platform versions. If you still utilize older platform versions, ask your broker to update the trading server.

New trading robot optimization criterion

Complex Criterion max is a complex parameter of trading robot inputs. When optimizing EAs, the maximum value of a single parameter (for example, profit) is not always the best option. The new option allows selection of the best passes with the best combination of parameters. For example, instead of the most profitable Expert Advisor, you can get an EA with moderate profit, reasonable drawdown and decent expectation. Thus, developers now have a built-in tool for creating balanced and stable robots.

The following parameters are available for complex optimization:

• Number of trades
• Drawdown
• Recovery factor
• Expected payoff
• Sharpe ratio

After optimization, users receive the list of the best passes for all these parameters at once. The Result column shows an integral parameter, which makes it easier to find the best option. For ease of use, the values have different colors: weak combinations with values below 20 are highlighted in red, while strong ones (above 80) are shown in dark green.

Extended properties of trading instruments

It has become easier to work with symbols. Each instrument has additional parameters: economic sector, industry and country. These parameters can help you to quickly navigate through large unfamiliar markets with multiple symbols. For example, when working with a broker offering thousands and tens of thousands of financial instruments. The new function enables quick searching to establish to which industry a particular security belongs.

With the new parameters, you can manage the list of instruments in the Market Watch window. Add the list of German pharmaceutical companies, French automakers or British financial companies in a couple of clicks.

Changes in MetaEditor

We have revised the Intelligent code management functions, allowing faster code writing while minimizing errors. Now the tooltip shows the entire function signature rather than its name, making it possible to accurately define what exactly is included in the code. Case-insensitive options and entry options have been added to the tooltips for ease of use. The tooltip font and color highlighting scheme are now specified in the MetaEditor settings. This means users are able to customize the appearance of their workspace.

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A regtech SaaS provider Sumsub (formerly Sum&Substance) has raised $6 million Series A funding round from a group of strategic investors to accelerate the global expansion of its machine-learning platform for user onboarding and KYC/AML compliance.

The round, led by Cyprus-based MetaQuotes, the major software provider for brokerages, banks, hedge funds and exchanges, also involves a group of strategic investors, and several existing investors, including Ilia Perekopsky, VP of Telegram messenger.

By providing an efficient AI-powered identity verification and compliance risk management toolkit Sumsub fundamentally changes how companies assess their corporate and individual clients, it even can affect how firms deal with crypto. First, the system automate identity verification, rockets a check to 60 seconds and drives conversion rate up to 97%. Recognized by multiple regulators and experienced in working with banks, Sumsub translates an AML policy of organization into automated digital workflows, providing compliance officers with a single solution to risk management onboarding users from over 200 regions. All of the above brought Sumsub to a growing number of 400 clients coming from banking, fintech, trading, gaming and sharing economy. Some of these clients are BlaBlaCar, JobToday, Exness, Gett, Flippa, HRS Group, ESL Gaming.

MetaQuotes had also bought out the shares of the first Sumsub investor, early stage venture fund Flint Capital, which had managed to achieve 5.5x from the exit.

Sumsub will use the proceeds to drive global expansion, hire staff and fasten product development. It aims to reach over 500 new SME and SMB customers worldwide by the beginning of 2021.

Andrew Sever, CEO and co-founder of Sumsub, says: “Around the world, thousands of global companies suffer from the overwhelming number of jurisdictions they conduct business in, from the differences and even variability of their requirements, making compliance and risks extremely difficult to manage and scale. We solve the issue by presenting teams with a single solution to drive customer and enhanced due diligence from one place, customizing the onboarding flow to any jurisdiction or requirement. Most importantly, we consult and support clients on legal and compliance framework to make it fit the applicable laws. With MetaQuotes joining our renowned group of existing investors, Sumsub has the global support of the greatest strategists to disrupt the most promising segment in the present world economy — regtech.”

Andrew Sever, CEO and co-founder of Sumsub

Renat Fatkhullin, CEO at MetaQuotes: “First, we’ve met Sumsub as potential clients on the hunt for a working product. For several years, we have had brokers request a compliance solution within MetaTrader. By the time we have met Sumsub, we had already tried dozens of other systems, but none of them suited us in terms of functionality and technical execution. Sumsub was far ahead of the competition. We saw it and thought it was an excellent opportunity for us to participate in what Sumsub does, hoping that our expertise will bring additional value to the project.”

Sumsub makes compliance flexible for clients and easier for end-users. Whether these are existing features such as automatically generated regulatory reports and tools for manual re-check of suspicious profiles, or new functionalities such as chargeback prevention, Sumsub continues to solve compliance and anti-fraud challenges faced by digital companies around the world.

The company was founded by three Israeli brothers Andrew, Jacob and Peter, and a former ResearchGate technical architect, Vyacheslav Zholudev, in 2015 in London. For the first years of existence, the company worked with forensic centers and assisted the police and intelligent services worldwide in investigating incidents related to online fraud. The team was often investigating fraud in sharing economy and fintech, accumulating valuable expertise in AML, data privacy compliance and anti-fraud, advising and working together with regulators, banks and financial crime police organizations. 

Since December 2017, when the first identity verification and compliance product of the company was released, Sumsub had focused on an easy to use technical and legal solutions for professional compliance and anti-fraud teams working in trading, payments, sharing economy and gaming industries. The company had welcomed more than 400 clients, verified tens of millions of identities, integrated thousands of data validation and AML screening sources, made the flow customizable to the requirements of local and global regulations and to the specific needs of their clients. Solution is currently available in over 200 countries and territories, assessing biometrics and 6500 different types of identity documents.

Through the trading platform, the broker's clients can enjoy a wide range of products, such as stocks and commodities, in addition to currencies, with high and flexible leverage facilities.

Apart from offering advanced trading functions, MetaTrader 5 makes available a number of superior tools using which Accuindex traders can easily carry out fundamental as well as technical analysis and trade in a better manner.

The latest-generation multi-asset platform provides a very powerful trading system which supports two position accounting systems, four execution modes and all types of trading orders, including market, pending and stop orders.

The platform's advanced tools for carrying out fundamental analysis include the economic calendar and financial news services provided by international news agencies.

Among the key MetaTrader 5 aspects, Accunidex team mention the possibility to trade automatically using trading robots and copy-trading features available directly through the platform.

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We continue to improve our mobile platforms. This time we have updated MetaTrader 5 Android which allows trading of currencies, stocks and futures from mobile devices anytime and from anywhere in the world.

The main new feature is the Color on White chart color scheme. We have selected the most soothing colors which will help you navigate trends, at any chart scale, from a minute to a month. Old color schemes are still available.

We have also added the dark theme for devices powered by OS version 10 and higher — it saves battery power and is more comfortable when working in low light. Some minor fixes have been implemented as well.

Features of MetaTrader 5 for Android:

• 2 position accounting systems: netting for trading on exchanges and hedging for Forex
• Powerful trading system featuring market depth and any trading operations
• Full set of orders: market, pending, stop and trailing stop
• 4 types of order execution: Instant, Request, Market and Exchange
• 3 chart types (line, bars and candles) and 9 timeframes
• Built-in technical analysis tools: 30 indicators and 24 analytical objects
• Integrated chat, financial news, alerts and push notifications

Install the free mobile MetaTrader 5 and trade whenever and wherever you want, be it your home, a cafe, a taxi, a hotel room or a beach.

Download MetaTrader 5 for Android

The website features the new Quotes section containing the relevant data on futures, financial and stock markets. It allows the monitoring of data from leading world exchanges and liquidity providers in real time. By utilizing such data, traders can stay up to date with any changes and take the correct trading decisions.

Study price history and matrix, track rate fluctuations, compare symbols and convert currencies.

Currencies

Monitor prices in the Overview — each symbol features bid and ask prices, as well as a stylized chart. To view a detailed symbol data just click on it.

The Forex Matrix tab allows users to select several currency pairs and monitor changes on a single screen. Clicking an intersection point of the two currencies containing a price, will open a detailed symbol chart.

The Currency Converter tab allows conversion of one currency to another. Choose the current rate or any other value from the history.

Charts

Working with charts section — traders are able to use and improve ready-made charts or create their own. Feel free to scale charts and apply any indicators for technical analysis.

Select Share in the upper menu to share your trading ideas with colleagues. You will get a direct link to the chart or an html code that can, for instance, be added to a blog.

All the changes you make on the chart are saved, while your recipient is able to edit them. This is convenient for team meetings or visual demonstrations.

Widgets

Install Overview, Forex Matrix or Currency Converter in your website or social network — select the appropriate widget type, size and language, as well as default currencies. Make your web resource more attractive to visitors and retain visitation loyalty.

It is free of charge. The data is updated automatically. No ads are displayed on widgets.

I want to install a widget

We have gathered feedback from MetaTrader 5 iOS users and overhauled the application in terms of appearance and functionality. The mobile platform is now more powerful, more efficient and more user-friendly.

The MetaTrader 5 platform addition has been rolled out across Infinox's global offices, meaning its clients from around the world are now able to trade forex pairs, commodities, indices, futures and equities, including well-known corporation stocks such as Facebook and Apple.

INFINOX have recognized that the multi-asset platform will give its clients the professional edge, introducing a host of institutional trading tools including:

• Being able to trade over 21 different timeframes
• A built-in economic calendar delivering news from around the world which may impact the markets
• Enabling clients to utilize 9 different order types
• Accessing Depth of Market features

MetaTrader 5 can also be accessed from both desktop and mobile devices, meaning clients can stay connected from wherever they are.

Mr Anthony Stubbs, INFINOX

Mr Anthony Stubbs, IX Capital Group Limited CEO, has commented on the launch: "INFINOX prides itself on providing a premium client service and a range of trading tools across multiple assets. The addition of the MetaTrader 5 platform to our product offering continues our commitment to provide our existing and new clients with cutting-edge technology in order to trade the financial markets."

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