About the MetaQuotes development company
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MetaQuotes Software is a software company that develops software for forex trading. MetaQuotes Software has created breakthroughs for trading software in the financial markets, making the analysis and profitability of traders more enjoyable, accurate, and efficient. In this article, let’s look more detail into MetaQuotes and its products.
The Metaquotes history & development process
Founded in 2000, MetaQuotes is considered one of the leading developers of software applications for brokers, banks, and exchanges. The company’s representative offices are now covered in many countries worldwide.
MetaQuotes has a unique development platform. The company has developed a variety of trading applications, from the simple design FX Charts platform to more advanced platforms such as MetaTrader 5.
- The first MetaQuotes product, FX Charts, was released in 2000. This easy-to-use platform allows trading operations and currency pair quote analysis on the Forex market. FX Charts is truly a revolutionary product that supports many functions at a reasonable price. Immediately after its launch, FX Charts quickly gained market share, especially on exchanges with many users. This platform is considered as MetaQuotes’ major breakthrough in the field of trading software.
- After a successful experience with the first product, the company continued to develop other products. The second trading platform that MetaQuotes creates is a trading application using the MQL (MetaQuotes Language) programming language. The new product is again in the spotlight, allowing traders to develop and use automated robots in financial trading.
- With the third generation platform released under the MetaTrader brand name, traders received the opportunity to trade futures contracts in addition to FX pairs. Then the first mobile trading applications, MetaTrader CE and MetaTrader for Palm, were released in 2003. Both apps became very popular. This release significantly increased the number of traders using the new platform and fueled market interest in products of MetaQuotes
- The release of the new MetaTrader 4 in 2005 was a significant milestone. It is a brand new platform with a completely redesigned architecture and a new MQL4 programming language. MetaTrader 4 also features revolutionary tools for developing, testing, and optimizing trading robots. This fourth-generation platform has made algorithmic trading accessible to more traders from all over the world. News of the new platform quickly spread worldwide. MetaTrader 4 has become the de facto standard in forex trading and provides millions of traders with a reliable tool.
- Another milestone in the history of MetaQuotes – the official multipurpose MetaTrader 5 platform was released to the market. The revolutionary element of MetaTrader 5 is its ability to offer trading for almost all financial markets, including Forex, commodities, indices, stocks, cryptocurrencies. The MetaTrader 5 platform includes desktop, mobile, and Web versions. The new product is faster, more functional, reliable, and far more convenient than previous generation platforms. Millions of traders all over the world gradually appreciate the advantages of the new platform, helping brokers replace outdated platforms with MetaTrader 5.
It can be said that MetaQuotes has created a rich infrastructure with a unique knowledge base and related services to support highly functional products. The best proof of MetaQuotes’ credibility is the world’s largest community of MQL5.community algorithmic traders, bringing together MQL5 application developers and traders from around the world. This portal has a unique knowledge base and provides access to a wide variety of services for traders, including Trading Signals, the trading robot MetaTrader Market and indicators Newspapers, a library of free trading apps, a Freelance service, and an impressive knowledge base containing unique articles and materials.
Some Featured products of Metaquotes
Among the software and platforms that Metaquotes offers, the two most prominent are the MetaTrader line of online trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). In which:
1. Metatrader 4 (MT4)
MetaTrader 4 (MT4) is a trading platform that allows traders to trade on the foreign exchange market and other financial products. MetaTrader 4 is currently the most popular trading platform, allowing to trade Forex, commodities, and CFDs. When trading on MT4, you are being provided with many fundamental technical analysis tools and indicators. Besides, MT4 is also the platform used by many programmers to create advanced indicators. The warehouse of indicators used on this platform is enormous, rich, and diverse.
MT4 has several advantages as follows:
- Supported by over 1,200 online brokers
- Ideal for Forex traders
- There are many technical indicators and charting tools available
- The vast majority of robot vendors and EAs choose MT4
Some disadvantages of MT4 are as follows:
- Fewer technical indicators than MT5
- More suitable for Forex than other asset classes
2. Metatrader 5 (MT5)
Similar to MT4, MT5 is an online trading platform, making it easy for investors to access and make transactions of a particular type of product. However, MT5 offers trading for more financial markets, including Forex, commodities, indices, stocks, cryptocurrencies.
MT5 has some advantages as follows:
- More technical indicators and charting tools than MT4
- Very advanced command types and execution models
- More support for CFDs other than Forex
Some disadvantages of MT5 are as follows:
- MT5 supported brokers are much less than MT4
- Very few robot developers and EAs choose MT5
Despite providing more features, MT5 owns a customer base not as large as MT4. This probably stems from the fact that investors do not want to give up the habit of using MT4 and do not want to spend too much time mastering a new platform.
Until now, MetaQuotes has been a trusted software provider for thousands of exchanges, brokers, and banks worldwide, with a huge number of loyal users over many years. This is the best proof of MetaQuotes expertise and reliability.
Since its founding, MetaQuotes has had a strong track record and offers thousands of exchanges and banks worldwide a wide range of innovative products. MetaQuotes’ core focus is on developing and implementing professional, high-quality online trading platforms that cater to online trading platforms. In the future, Metaquotes will design and create more quality software to meet users’ needs.
Read more: MT4