Recently, Alpari Russia announced the upcoming availability of Metatrader 5 for its clients. Real trading accounts will be available after the general public beta testing of Metatrader 5 that will begin tomorrow. As we know, the new version of Metatrader will allow to trade not only forex but options, futures and equities. This means that brokers who offer trading in such financial instruments can also use Metatraer 5 as their trading platform.
Some traders believe that after Alpari, the Metatrader 5 terminal will be used by FXOpen or Forex4you because both of them are known for being very innovative in their approach to traders and both rely heavily on MetaTrader and its attractiveness ( for example the NFA ruling compliance support ). Today, more than 300 brokers all over the world already use MetaTrader 4. With Metatrader 5, this number will probably grow higher.
- Read the announcement here
- Watch the video Alapri prepared about Metatrader 5 (in Russian) here
Read more about Metatrader 5 Brokers
As you have probably heard, the NFA ( National Futures Association ) has recently enacted a regulation which effectively eliminates hedging, because brokers are now forced to close trades on a First In First Out (FIFO) basis. This means that multiple open positions will be consolidated and netted off to one single position without the trader consent and request. This will much disadvantage traders who are running hedging strategies, multiple hedging expert advisors and systems.
Metatrader 5 has a build-in support of this new NFA regulation. When you open a buy & sell position on the same symbol, it will be automatically consolidated into 1 netted position. Thats why NFA regulated brokers will like Metatrader 5. And because of the same reason, traders probably will much dislike this new Metatrader feature.
It is not clear yet, if the current Metatrader brokers will automatically switch to the new Metatrader 5 platfrom, or they will continue to offer MT4 along with MT5.
Regarding the brokers: Alpari and FXDD announced already that they will offer the Metatrader 5 beta to their clients.
Read more about Metatrader 5 Brokers