By Andrei Skvarsky.
M4Markets, a foreign exchange and contract-for-differences (CFD) brokerage, has announced it has rolled out a MetaTrader 5 (MT5) electronic trading platform in addition to the less sophisticated MetaTrader 4 (MT4) it used until then.
MT5 offers a range of features that MT4 does not possess. They include an in-built economic calendar, the possibility of netting and fund transfer between accounts, and a chat facility for traders who use MetaQuotes Language 5 (MQL5).
MT5 is a multi-threaded platform that operates twice as fast as the single-threaded MT4.
A CFD is a financial derivatives contract stipulating that the anticipated difference between the value of an asset as of the moment of settlement and its value as of the moment of contract signature should be paid by the buyer to the seller or vice versa depending on which value is higher.
M4Markets is headquartered in Seychelles and regulated by the latter’s Financial Services Authority. The company is in the process of applying for a European Licence.
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