Toolkits and plugins - essential extras for optimising MetaTrader platforms

Heather McLean explores how brokers can differentiate their services and capture new business opportunities by leveraging an increasingly wide range of third party components for the MT4 and MT5 platforms.

First Published: e-Forex Magazine 51 / Retail e-FX Provider / April, 2013

MetaTrader 4 and its new sibling, MetaTrader 5, have taken the retail foreign exchange market by storm, dominating the space, whilst also making strong inroads into the professional and institutional trader’ sector. As retail FX trading has taken off in recent years, the take up of the MT4 and MT5 platforms has simultaneously increased, which has in turn spawned huge growth in the number of brokers in the market looking to take advantage of the boom. However, as the market has grown, it has become harder for brokers to stand out from the crowd. To the rescue has come an increasingly wide range of flexible, value added toolkits and plugins to help brokers better exploit the power of the MT4 and MT5 platforms.Brokers should consider utilising an increasingly wide range of flexible value added toolkits and plugins to help them better exploit the power of the MT4 and MT5 platforms, says Andrew Ralich, oneZero’s chief executive officer.  He states that MT4 has proven to be a system that is...continued

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