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Forex Tianye: MT4/5 removal storm, alternative cTrader is expected to be the biggest winner – XMDailyFX

Forex Tianye: MT4/5 removal storm, alternative cTrader is expected to be the biggest winner

In September, Apple suddenly removed the MT4 and MT5 apps from the App Store, which undoubtedly sent a huge shock to the Contract for Difference (CFD) market and the forex industry as a whole. Although users who have already downloaded it can still use it, not being able to carry out subsequent updates will inevitably cause a bad experience for existing users. New users will no longer be able to download MT4 and MT5 apps through the App Store. So for IOS investors, Forex believes that users/investors can consider using some alternative trading platforms to replace the IOS mobile version of MT4 or MT5. According to data from Finance Magnates Intelligence, MT4 and MT5 are the main trading platforms in the CFD market (83.8%). In recent months, mobile transactions (56%) have surpassed desktop transactions (44%). Therefore, the removal of MT4 and MT5 will lead to a huge gap, and it is particularly important to seek the replacement of MT4 and MT5. According to a survey by Finance Magnates, cTrader received 53% of the vote, far ahead of its competitors MatchTrader and Leverate. More than 350 people responded to the survey, The majority (53%) believe that Spotware’s cTrader platform will be the best alternative to MT4 and MT5. The cTrader platform has been in development for many years and is ahead of second-place MatchTrader (27%), Leverate (12%) and XOpenHub (8%). Advantages of the cTrader platform First of all, as an alternative to MT4 and MT5, cTrader, unlike MetaQuotes’ MT4/5 products, is not disabled by Apple and is continuously available in the App Store for investors/users. The cTrader platform was created by Spotware and is still under development, and currently offers a PC version of cTrader in the form of a desktop application (Windows), a Web application, and is available in any Web browser (Windows, Linux, MAC). The mobile app is available in iOS and Android mobile operating systems. Contains almost all the major features of the smart platform and is available in 22 different languages, increasing accessibility to an international customer base. As can be seen from the platform’s description on its website, its mission is to find a balance between ease of use and advanced comprehensive features so that both experienced and novice traders can use it. Available for all trading styles, Because the cTrader trading platform is designed and displayed by the traders themselves, entering trade orders is both flexible and intuitive, meeting the needs of both speed scalpers and traders who carefully plan their positions. Capable of precise risk management , Calculating the correct size of trading positions is the basis for proper risk management. With the cTrader trading platform, users/investors can determine the point value, margin and commission for each trade position entered, better manage risk with the tracking stop loss function, and truly take risk management into their own hands. Sound fundamental analysis , Comprehensive economic calendars, market depth indicators, or market sentiment indicators are just a few of the many tools that will make your fundamental trading more efficient and precise. The built-in economic calendar provides an uninterrupted flow of information, perfect overview of liquidity using market depth indicators, and clear market psychology analysis with market sentiment indicators. Better chart direction, By combining a library of technical analysis tools (crowned with an unmatched market scanner multifunctional tool) with a wide range of graphical capabilities and chart layout options, users/investors can finally make the most of their trading. In addition, cTrader has highly customizable chart and workspace options and a rich set of chart and technical analysis tools covering a wide range of algorithmic metrics. Free demo use indefinitely, All features of the cTrader trading platform are also available in a free demo account. This gives users/investors the opportunity to connect to real markets without risking actual funds, and is completely free and indefinitely available to users/investors. Automated editor available, This extension of the cTrader trading platform is compatible with C# and.NET frameworks, and will make programming, backtesting, and running an automated trading system for users/investors much easier thanks to its built-in code editor and countless backtesting features. In addition, Spotware, the developer of the cTrader platform, has provided a complete manual. Perhaps it is because the cTrader platform has the above perfect functions and intimate services. Leading brokers have adopted cTrader as one of their own trading solutions. Finally, we would like to say that what works for you is best, and investors should always conduct their own research to find an alternative to the MT4/5 platform that best suits your individual trading style and goals. Choose a good trading software that can help you make good trades. And choose a good platform, in order to peace of mind to invest! In the face of thousands of platforms true and false, the slightest careless investors are easy to be deceived. As a global corporate financial information query tool, Forex Skyeye is known as “the Skyeye of the forex industry”. In addition, it can provide basic information query, regulatory license query, credit evaluation, platform identification and other services for included forex trading platforms. There are also many functions such as exposure, mediation, black platform summary, and investment information, so that investors can fully and timely understand the information of the foreign exchange industry.

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