Admiral Markets continues to cast its net wide, prepares to launch MetaTrader 5

Admiral Markets’ Financial Conduct Authority (FCA) licensed British operation is engaging in a degree of platform diversity, having recently made a subtle indication toward the imminent offering of the somewhat under-subscribed MetaTrader 5 platform.

The company added a ‘coming soon’ tab to its website, denoting the MetaTrader 5 platform as its next addition to its range of front end systems.

In preparing to add MetaTrader 5 to its armory, Admiral Markets is making steps toward further providing platforms for all audiences, despite its London location, in which retail electronic trading companies are usually notable for their use of in-house CFD and spread betting platforms which are specifically suited to the domestic market.

Admiral Markets added Spotware Systems’ cTrader platform in May this year, which became available across Admiral Markets’ Cyprus-based business, and the company has demonstrated further efforts to diversify its offering more recently when it rebranded its British Virgin Islands registered division to MTrading, and began to offer accounts with a 1:1000 leverage ratio.

The slow take up of MetaTrader 5 across the entire retail FX industry contrasts severely with the ubiquity of MetaTrader 4, which still accounts for the lion’s share of the platform market, largely due to its compatibility with expert advisers.

Indeed the onset of new, API and application-driven platforms within the retail FX market have gained further ground due to their algorithmic capabilities and specific leaning toward the direct market access brokerage model as opposed to MetaTrader 4’s requirement of an external liquidity bridge. On this basis, cTrader and tradable, two retail platforms which are rapidly gaining ground, are outpacing MetaTrader 5 in terms of brokerage onboarding by a considerable margin.

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Admiral Markets continues to cast its net wide, prepares to launch MetaTrader 5


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