MetaQuotes Introduces a New Chat Trading App for MT4

A communications software for traders and brokers, called MQL5 Channels, was just released by MetaQuotes, the company behind MetaTrader 4 and MetaTrader 5.

According to the company, the messenger gives users a platform for communication where they can talk to traders from around the world, make their own news channels, and learn about fundamental and technical analysis.

According to MetaQuotes’ news release, the messaging app, which is accessible on the ITunes Store and Google Play, was created with the financial sector in mind.

Apps like Discord and Telegram are already utilised by a number of market participants and trader-focused groups online for subscription services where users can communicate. The MQL5 Channels Product gives customers the same options as those other programmes, allowing them to follow market updates, subscribe to trade channels, or even start their own channel and sell their knowledge.

But, MetaQuotes set itself apart by emphasising that its service is primarily intended to promote communities, optimise trading-related interactions, and help users of the MetaTrader 5 trading platform.

In order to ensure the secure exchange of sensitive information via the app, MetaQuotes further emphasised that the business “adheres to high-security requirements.” The software is also said to be able to convey messages even with a spotty internet connection.

Due to non-compliance with policies, Apple terminated the MT4 and MT5 trading platforms from MetaQuotes in September 2022. Although no explicit explanations for the removal were given, many online speculators believed it was because of the rise in frauds carried out using the MT4 and MT5 apps.

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