XM launches MetaTrader5

14 April, 2017

XM launches MetaTrader5

Leading EU broker XM officially announced it has launched the MetaTrader 5 (MT5) platform. In addition to the existing product offerings (FX, CFDs on Indices, Metals and Energies) the MT5 will allow XM’s clients to trade in CFDs on shares, such as stocks of Facebook, Apple, Nike, Coca Cola, eBay, Pepsi, etc.

The newly launched platform is flawlessly connected to all existing systems and is believed to be a game changer for XM. Unlike the MT4, the MT5 platform allows execution of orders in several financial markets, including stock exchanges, through a single trading account. XM’s product portfolio currently includes a total of 300 instruments and it indends to populate with more and more offerings as time goes by.

“I feel that the predecessor of MT5, the globally acknowledged MT4, is a great platform and has proved itself, but it could only satisfy the needs of a certain audience and that would be FX traders, while MT5 is open to a whole new audience in addition to FX traders”, commented Chris Zacharia, Marketing Director of the XM Group.

According to data provided by the developer of both MT4 and MT5, Metaquotes Software Corp, XM is currently the biggest MT4 broker with over 20 MT4 servers available and with over 1,000,000 clients, but with the addition of the MT5 to our platform offerings we are automatically entering into offering a new asset class which up to now was not possible for us: that of CFDs on Single Stocks.

MetaTrader 5 continues to gain popularity among forex brokers after its developer has made a number of enhancements in the platform, the most important of which was the adding of the hedging functionality. What is more, MetaQuotes even announced it will stop updating the MT4, as it tries to strengthen MT5’s position on the forex and CFD market.

XM is a brand of Trading Point Holdings Ltd., a company regulated by the Cyprus Securities and Exchange Commission (CySEC). Apart from its units in Cyprus and UK, it also has a subsidiary in the UK, licensed by the Financial Conduct Authority (FCA), an Australian unit, which holds a license from the Australian Securities and Investments Commission (ASIC). Furthermore, the XM group is registered with the relevant authorities in several other European countries, including the Germany, Spain, Italy, Finland, and France. It has also applied for a license from the Financial Services Board (FSB) of South Africa.


Source link  
XM Loyalty Program

Trade and earn XM Points that can be redeemed for credit bonus rewards. There are no forms to fill and nowhere you need to sign up to join, as soon as you start trading, you start earning...

XM Introduces Bitcoin for Trading

We are glad to inform our clients that as of now XM is offering a new trading instrument for its MT5 platform: Bitcoin / US Dollar (BTCUSD)...

Mission Nepal Completed

XM, together with the NGO Rhea Foundation, made a plan to travel...


UK General Election

We would like to inform our clients that considering our recent notification regarding the UK General Election, the margin requirements on all instruments...

French Legislative Election

We would like to inform our clients that the upcoming French Legislative Election, which will take place on 11th June 2017...

Swing Trading Seminar

Just one month after attending the Money Summit & Wealth Expo 2017 in Taguig City, XM returned to the Philippines, and this time with a free forex...


UK General Election

We would like to inform our clients that the upcoming UK General Election, which will take place on the 8th of June 2017, will possibly lead to market volatility, thin market liquidity...

Money Summit & Wealth Expo 2017

On 6th May this year, XM had the privilege to attend the Money Summit & Wealth Expo 2017 in Taguig City...

Second Round of Elections

We would like to inform our clients that considering our recent notification regarding the French...

  


Share: