Today, 6th March, XM officially announced that it had successfully launched the MT5 platform, after a series of testing phases that ensure the additional platform is seamlessly connected to all existing systems.
The addition will enable XM to extend its offerings to 6 Asset Classes, including CFDs on Single Stocks (Shares) in addition to the existing offerings which include FX, CFDs on Indices, Metals and Energies.
It is something we have been patiently expecting for a long time, and I truly believe it will be a game changer for XM, which is taking its first steps in extending its range of instruments to the stocks sphere.
XM is currently the biggest MT4 broker* with over 20 MT4 servers available and with over 1,000,000 clients, but with the addition of the MT5 to our platform offerings we are automatically entering into offering a new asset class which up to now was not possible for us: that of CFDs on Single Stocks.
Our plan is to extend our instrument offerings to up to 5000 CFDs on single stocks from companies all across the world listed on various stock exchanges including but not limited to NYSE, Nasdaq, LSE, Frankfurt Stock Exchange, to only name a few.
The current launch phase, which is officially being announced today, includes a total of 300 instruments and we will populate with more and more offerings as time goes by.
As noted by myself in a previous interview, I feel that the predecessor of MT5, the globally acknowledged MT4, is a great platform and has proved itself, but it could only satisfy the needs of a certain audience and that would be FX traders, while MT5 is open to a whole new audience in addition to FX traders.
Only judging from the audience, it will serve as a multi-asset class platform, I would say it is the platform of choice as we speak.
It’s simply a new era.”
*Data obtained by Metaquotes Software Corp