MetaQuotes reports increasing utilization of MT5 over MT4 platform
Cyprus bases forex broker software firm MetaQuotes, developer of the MetaTrader family of trading platforms, has released information showing that MT5 trading server utilization by brokers has increased by a factor of 1.5x, compared to the previous platform version ones.
According to MetaQuotes’ latest study, the percent utilization of the MT4 servers has dropped to 36.7%. The company said that this is an expected dynamic change: back in June 2021, MetaQuotes reported that MT5 had become more popular than MT4 among brokerage companies, and the trend has been increasing since then.
Renat Fatkhullin, CEO of MetaQuotes Ltd, commented on the new statistics:
“This is a logical and predictable result. MetaTrader 5 is a technologically advanced platform which offers the widest possible opportunities to users, and assists companies in solving business tasks of any complexity level. Furthermore, we expect a complete replacement of MetaTrader 4, amid the rapidly growing popularity of MetaTrader 5.”
MetaQuotes added that the growth in popularity is mainly due to the new Pay-as-You-Go model and to a number of important MetaTrader 5 updates, which have been released over the past year.
The most noticeable updates include but are not limited to:
The ability to administer cluster machines directly from the administrator terminal
Expanded capabilities of the Automations service
A new section for managing Integrations
New web integration capabilities