In
the financial markets, Ali Marwani has
embarked on a new venture. He has founded PrimaCapital, a retail Forex and
CFD brokerage with operations based in Beirut, Lebanon.
PrimaCapital’s
Challenges and Evolution
PrimaCapital,
accessible through its website at prima-capital.com, is set to offer a range of
trading options, including Contracts for Difference (CFDs) on the popular MT4
and MT5 platforms. The company is led by a team of professionals with over 13 years of
collective experience. Operating from Beirut, the company’s regulatory status
remains uncertain, a factor that will attract attention within the industry.
Marwani, the CEO and Founder at PrimaCapital, reflecting on his extensive experience in capital
markets, expressed his enthusiasm for the sector’s unique blend of business and
global politics. His departure from OneRoyal marks the end of a decade-long
association, having joined the precursor, Royal Financials, in 2011.
In
a LinkedIn post, Marwani shared insights into his passion for the capital
markets, highlighting the enormity of the industry, particularly Forex, which
sustains a daily turnover exceeding $4 trillion.
As
PrimaCapital enters the competitive arena of Forex and CFD trading, industry
observers will be keenly watching how the new venture navigates challenges and
distinguishes itself in a market characterized by constant evolution and
regulatory scrutiny.
MT5
vs. MT4: A Turning Point in Trading Platform Preferences
In
an earlier report at Finance Magnates,
it was noted that MetaQuotes Software had announced a noteworthy milestone. The
number of companies adopting its MetaTrader 5 (MT5) platform has finally
surpassed those using the iconic MetaTrader 4 (MT4), marking a turning
point in the industry landscape.
Since
its launch in 2010, MT5 has been lauded for its advanced features and broader
market support compared to its predecessor, MT4. Despite these advantages, MT4
has remained the preferred choice for both brokers and traders. However, recent
developments indicate a changing tide in favor of MT5.
MT5
represents a trading platform with a range of market support. Unlike MT4, which
is primarily tailored for forex and CFDs trading, MT5 facilitates trading in
various markets. Notable features include enhanced control with fewer
third-party plugins and the introduction of an STP Gateway, enabling direct
connectivity between MT5 brokers for liquidity.
Despite
its technical prowess, MetaQuotes has faced resistance in convincing brokers to adopt MT5. The company ceased MT4
sales in January 2018, coupled with significant changes in pricing to make the
new platform more cost-effective. This is while MT4
has maintained its dominance, commanding 84.5 percent of the trading volume
distribution on MetaQuotes’ platforms in Q4 of 2020. However, recent data has revealed a shift, with MT5 gaining ground, capturing the attention of an
increasing number of companies.
Industry
insiders express optimism about the future of MT5, anticipating a gradual shift
from MT4. The slow adoption has been evident in the extensive development efforts,
with MT5 boasting seven million lines of code compared to its predecessor’s two
million.
Despite
the impending demise of MT4 support and MetaQuotes’ regular updates to MT5, the
challenge lies in altering traders’ preferences deeply rooted in familiarity.
The transition appears inevitable, driven by the enhanced speed and additional
features offered by MT5.
As
brokers rush to diversify their trading services, incorporating stock and
futures trading alongside traditional CFDs, MT5’s multi-asset platform becomes attractive.
While MT4 remains deeply ingrained, industry experts foresee a gradual transition
towards the technically superior MT5.
This article was written by Tareq Sikder at www.financemagnates.com.
