One year after we reported that Abu Dhabi based investment bank and broker Menaсorp became the first DGCX member to offer the MetaTrader 5 (MT5) platform, MT5 developer MetaQuotes Software has announced that the number of brokers offering trading on the Dubai Gold and Commodities Exchange (DGCX) via MT5 has now increased to 10.
The major players in the Middle East region, including Arab Global Commodities, AxiTrader ME, LT International and Krishi Gold, are among those offering DGCX trading on MT5.
MetaQuotes has been making a big marketing push lately, encouraging both traders and brokers to migrate to its newer MT5 platform from the very popular and still dominant MT4. With trade hedging now available on MT5, it seems to us that traders are indeed slowly moving over to MT5.
According to MetaQuotes, MT5 users can download and launch any of the thousands of ready-made trading robots, copy trading signals of successful traders and even rent virtual hosting directly in the platform. Thus, brokers offering MetaTrader 5 are able to provide their clients with advanced trading and analysis tools as well as all additional built-in features for efficient trading.
According to Manoj Choudhary, Head of MetaFintech LLC which acts as the official rep office of MetaQuotes in Dubai:
MetaTrader 5 is rightfully in high demand among brokerage companies, since this is the most powerful solution for trading on financial markets. Due to its technological superiority, the platform meets the needs of the most demanding traders significantly expanding their opportunities.