Technology advanced fast in forex industry, not excepting among forex trading platform providers. Yesterday (15/7), Leaprate reported that MetaQuotes upgraded Metatrader4 to include several new features. On the same day, Forexmagnates wrote that cTrader platform now has been added to Myfxbook's social trading network AutoTrade.

Technology advanced fast in forex industry, not excepting among platform providers. Latest news proved that competition remains tight among forex trading platform providers to provide the best service for forex brokers and traders. A few days ago, MetaQuotes announced upgrade on its Metatrader5 platform. Yesterday (15/7), Leaprate reported that MetaQuotes upgraded Metatrader4 to include several new features. On the same day, Forexmagnates wrote that cTrader platform now has been added to Myfxbook's social trading network AutoTrade.

 

MT4 Virtual Hosting

The inspiration for MetaQuotes latest upgrade of the well-known MT4 is the need for traders to enable their platform to work with robots or EA 24/7. The common solution to fulfill that need is by renting virtual private server (VPS). However, to choose a bonafide VPS provider will take time and efforts. Therefore, MT4 platform now include Virtual Hosting Wizard that could be activated by accessing Register a Virtual Server in MT4 Navigator menu.

Metaquotes News

Virtual Hosting Cloud refers to an internationally distributed server network that supports special version of trader's platform. In it, trader could automatically select the host location, service plan, payment and synchronization. That way, forex traders could choose the most convenient service plan directly from MT4 platform.

Beside of that, MT4 also features several other assortment of upgrade. New WebRequest entry has been added in the platform, so the platform could directly connected to third-party website, and the old Navigator menu has been simplified.

 

AutoTrade Supports cTrader

It is well known that although interests on social trading network continue to grow, not all forex trading platform is well-connected to social trading network, including cTrader. Compared to the widespread use of MT4, the number of forex brokers providing Spotware's cTrader platform is quite limited. In this circumstances, the inclusion of cTrader platform among trading platforms supported by AutoTrade is a meaningful step forward. As well as providing extra advantage for the platform users, it could also interest more people to join AutoTrade network.

cTrader copy function will be launched in conjunction with Australian-based forex brokers, Pepperstone and IC Markets. cTrader users from both brokers then could directly connect their accounts to AutoTrade, without having to install any softwares.

What do you think about both trading platforms efforts to boost their edge? is it good, or do you have other kind of improvements in mind that you wish they do? Feel free to share your thoughts on the space below.