Will all Forex brokers transfer to MetaTrader 5?
Definitely all NFA regulated Forex brokers in US will make the transfer, as they have to comply with new NFA rules. Regarding other Forex brokers, we believe they will be free to choose: stay with MT4 or upgrade to MT5. Retail clients are expected to influence the choice: while there is a large demand for MT4 platform base due to extensive use of MT4 custom indicators and reluctance to give up hedging and customary position management style, retail brokers should be able to provide the option. If, however, there will be a tool to convert existing Expert advisors and indictors from MT4 to MT5, the process of introducing new MT5 platform to retail clients will be smoother. Update: Starting from October 12th, 2009 the testing of MT5 platform has begun. It is expected to last for 5-6 month before the final product is released. Check out participating MT5 brokers. Update: June 1st, 2010 – the Metatrader5 platform has been released.
