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Australian Forex broker Pepperstone is building its portfolio of online trading platforms and has unveiled plans to roll out Metatrader 5. The name of MetaTrader 5 has appeared in the list of platforms supported by Pepperstone with a promise that the release is “Coming Soon”.

Such a move makes some sense when considering the more recent steps taken by Pepperstone, particularly its targeting of Russia and the Commonwealth of Independent States. Earlier this year, Pepperstone opened an office in Odessa, Ukraine, and launched a dedicated Russian-language website for its services. The website is gaining more functionality and also markets the pending launch of MetaTrader 5, which is well known in Russia in contrast to its relative scarcity in other jurisdictions in which most firms have stuck firmly to the ubiquitous MetaTrader 4 platform.

Admiral Markets’ Financial Conduct Authority (FCA) licensed British operation is engaging in a degree of platform diversity, having recently made a subtle indication toward the imminent offering of the somewhat under-subscribed MetaTrader 5 platform.

The company added a ‘coming soon’ tab to its www.admiralmarkets.co.uk website, denoting the MetaTrader 5 platform as its next addition to its range of front end systems.

In preparing to add MetaTrader 5 to its armory, Admiral Markets is making steps toward further providing platforms for all audiences, despite its London location, in which retail electronic trading companies are usually notable for their use of in-house CFD and spread betting platforms which are specifically suited to the domestic market.

Admiral Markets added Spotware Systems’ cTrader platform in May this year, which became available across Admiral Markets’ Cyprus-based business, and the company has demonstrated further efforts to diversify its offering more recently when it rebranded its British Virgin Islands registered division to MTrading, and began to offer accounts with a 1:1000 leverage ratio.

The slow take up of MetaTrader 5 across the entire retail FX industry contrasts severely with the ubiquity of MetaTrader 4, which still accounts for the lion’s share of the platform market, largely due to its compatibility with expert advisers.