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MetaQuotes stops developing MT4

growthera
Feb 24 2017 at 06:57
86 posts
Thanks for the answers so far. @wortrader : are you suggesting metaquotes is a company that does not charge it's brokers? How does it pay its employees?
Indeed a shame choice is so limited. Hey, maybe I should start a business creating an FX platform then.... Too bad I'm not really that familiar with the industry of trading platforms.. sounds like an opportunity. I'll stick to trading then.

vontogr (togr)
Feb 24 2017 at 07:32
4862 posts
wortrader posted:
Ctrader never can be better, because charge commision for each trade what trader execute... So definitely you pay stupid commision for platform provider and no for broker. Logic broker charge more. So this platform offer only several brokers and MT is more popularized because cost is 0.

This situacion only make visible, like desperate is fx market. For stupid futures trading you can choice from 50 platforms + and for fx from 2 :D and most of this platform look much better and ctrader is from stone age.


there are ctrader brokers without commission
and with reasonable spread same as on mt4

vontogr (togr)
Feb 24 2017 at 07:32
4862 posts
growthera posted:
Thanks for the answers so far. @wortrader : are you suggesting metaquotes is a company that does not charge it's brokers? How does it pay its employees?
Indeed a shame choice is so limited. Hey, maybe I should start a business creating an FX platform then.... Too bad I'm not really that familiar with the industry of trading platforms.. sounds like an opportunity. I'll stick to trading then.


Metaquotes is indeed charging brokers for mt4

mlawson71
Feb 24 2017 at 12:38
1487 posts
growthera posted:
Thanks for the answers so far. @wortrader : are you suggesting metaquotes is a company that does not charge it's brokers? How does it pay its employees?
Indeed a shame choice is so limited. Hey, maybe I should start a business creating an FX platform then.... Too bad I'm not really that familiar with the industry of trading platforms.. sounds like an opportunity. I'll stick to trading then.


Metaquotes is not only charging brokers for using MT4 and MT5, but it’s charging them more for MT4 than for MT5 in an attempt to promote MT5. (https://smnweekly.com/2016/12/22/metaquotes-software-hikes-mt4-fees-in-attempt-to-promote-mt5/) The MT4 license costs USD 100 000, while the for MT5 stands at USD 25 000, the monthly subscription fees for MT4 are also higher.

bestools
besttools
Feb 24 2017 at 21:45
898 posts

yes, not send new updates and 1-2 years all users change MT4 for MT5 or not:)

Tiffany (TiffanyK)
Feb 28 2017 at 09:27
427 posts
growthera posted:


Thanks TiffanyK. Did you happen to do any programming backtesting etc.. ? if yes, any thoughts on that?
I'll certainly give it try....


Hi @growthera, I didn’t do any specific testing. I compared it to MT4 and most of the results were better. As I said – superb speed execution (on Mt4 sometimes the executions are slowing down and cannot find the reason for that), also the functionality is better on cTrader … and many more.

Accept the loss as experience
Tiffany (TiffanyK)
Feb 28 2017 at 09:30
427 posts
To help you and others I found this very interesting article “ MetaTrader vs cTrader comparison” - https://thefxview.com/2014/08/01/metatrader-vs-ctrader/ . Enjoy 😄

Accept the loss as experience
vellkan
Feb 28 2017 at 14:59
9 posts
Excellent, it's a very complete article, thanks for sharing @TiffanyK

mlawson71
Mar 03 2017 at 12:39
1487 posts
Metaquotes updated MT5 again, adding new features, enabling users to fast switch between windows and change price values with the mouse wheel, announced Russia-based MetaQuotes, the developer of the platform. (https://smnweekly.com/2017/02/20/mt5-makes-switching-windows-changing-price-easier/ )
They’re really determined to develop it.
I don’t know about you, but I am still stubbornly using MT4.

Tiffany (TiffanyK)
Mar 08 2017 at 07:21
427 posts
You are right. MT5 is in upswing right now, personally I am using both cTrader and MetaQuotes. It’s up to each trader’s choice

Accept the loss as experience
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