As sales of the MetaTrader 5 (MT5) platform rise worldwide, particularly after its developer announced the possible discontinuation of MetaTrader 4, Tradologic has become the latest trading technology provider to offer MT5 to its customers.
MT5, successor to the popular MT4, features multi-asset capabilities which will be applicable to all asset classes that Tradologic introduces for its client base.
More brokers are actively switching to MT5, which expands demand for offering and complementing the platform’s features. As such, technology providers such as Tradologic are keen to satisfy this demand by further pushing the deployment of the platform and its infrastructure, allowing brokers to streamline their operations and empowering them to focus their resources on growth.
Tradologic specializes mainly in the development of technologies for the binary options industry. Since 2009, the fintech firm has supplied many of the industry’s leading names with bespoke software and services.
Earlier in May, Finance Magnates reported on Tradologic as the company shifted its main focus, aiming to develop and deliver fintech products to the market in the coming quarters. Sources with knowledge of the matter shared with Finance Magnates that the company will be phasing out its binary options product.
Michael Golod, CEO of Tradologic, commented: “We are happy to announce our cooperation with MetaQuotes Software. MetaTrader 5 is a significant addition to our suite of solutions. As a customer oriented company Tradologic is always striving to satisfy each customer, aiming for the highest standards of excellence. Now Tradologic is even more ambitious to conquer new markets and to develop its product portfolio further.”