October 2009 Archives

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US broker Manhattan Beach Trading (usually known simply as MB Trading) introduced demo ECN MetaTrader 4 accounts way back at the start of this year. They have just announced that at long last their live ECN MT4 accounts are available:

More on MB Trading Finally Offer Live ECN MetaTrader Accounts

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MetaQuotes announced today on the MQL4 forum that the long awaited MetaTrader 5 client terminal will finally be available for testing by the general public in the very near future. According to the announcement:

More on MetaTrader 5 Public Beta Testing Begins Next Week

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Way back on July 15th Alpari UK announced on their website that they:

Will launch two advanced trading platforms by the end of August, offering high-speed and direct access to the international currency market for Alpari clients and other institutional and retail customers. Powered by trading technology provider Currenex®, Alpari Direct Pro will be offered to institutional clients while Alpari Direct will be offered to retail customers.

More on Alpari Russia Introduce Currenex ECN Demo Accounts

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The long wait is over! You can now download the first publicly available version of the MetaTrader 5 client terminal from the MQL4 forum.

Unfortunately it sounds as though you'll have to wait another 6 months before you will be able to use it in anger on a live account. "The nearest future" that Alpari Russia were talking about last week doesn't mean this week or even this month as far as demo accounts are concerned. A live account certainly sounds as though it won't be arriving until some time next year.

More on MetaTrader 5 Public Beta Available At Last

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Following the lead of their Russian cousins Alpari US announced yesterday that they too are now:

Pleased to introduce FX traders to our two new trading platforms, Alpari Direct and Alpari Direct Pro.

More on Alpari US Announce "Direct" Currenex Demo Accounts

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MetaTrader 5 has been open for public beta testing for a few days now.  After a few trials and tribulations we have now got our first example robot working on MetaTrader 5.  If you'd like to know what changes we had to make you can take a look at our MQL5 source code. This is just a quick port retaining the old MQL4 procedural style. We're not using any of the fancy new object oriented features of MQL5 yet.

More on Trading Gurus Robot Available on MetaTrader 5

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Alpari UK have just announced that as long as you have at least 20,000 US dollars to spare you are now able to use it to fund a shiny new Alpari Pro account. Demo accounts are available of course, just like in the United States and Russia, but Alpari UK are more than happy to let you open a real account with real money too, as long as you don't reside in the US or in British Columbia that is. Here's how the announcement put it:

More on Alpari Launch Live Pro Account in the UK

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Following the recent release of a beta version of MetaTrader 5 to the public expert advisor vendors have been struggling to get to grips with the new MQL5 language. Being able to read Russian has helped, but even then some vital information has been missing from the available documentation.

More on MQL5 Documentation Now Available in English (Mostly!)

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Following on from its "no hedging" and first-in first-out rule changes, the National Futures Association in the United States will shortly impose further restrictions on the activities of its Forex Dealer Members (FDMs). In notice Notice I-09-18 dated September 24, 2009 the NFA informed brokers that:

More on FXCM UK Increase Margin Requirements

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As we reported back at the beginning of August forex broker GFT published on their website a document entitled "Get the Facts" which pointed out that their DealBook platform didn't require changing to comply with the recently introduced NFA hedging and FIFO rules. Amongst other things they stated then that:

More on GFT U-Turn on Offshore Hedging

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