Most Axi Clients Now Trade on MetaTrader 5 as Broker Rolls Out MetaQuotes' Order Engine

More than 60% of Axi's clients now trade on MetaTrader 5, according to a MetaQuotes case study on the broker published on Wednesday, capping a three-year migration from the older MT4 platform. The same study says Axi has begun deploying Ultency, the order-matching engine MetaQuotes sells to MT5 brokers.

The shift mirrors a broader industry trend. MetaTrader 5 overtook MT4 across the market last year, handling 62% of combined MT4 and MT5 CFD volumes in the third quarter of 2025, according to FM Intelligence data. A year earlier, MT4 was still carrying roughly two-thirds of that volume.

Axi, founded in 2007, reports more than 1.4 million users across over 100 countries and $3.45 trillion in trading volume for fiscal 2025. In the case study, the broker credits MT5 with finer control over administrative permissions and with automation that reduces repetitive manual work. Axi also uses the platform's access servers to bring connectivity closer to clients in different regions.

Bridge pricing under pressure

MetaQuotes moved Ultency to volume-based pricing in December 2025, charging $1 per $1 million traded with discounts at higher volumes. The vendor is targeting MT5 brokers that route orders through third-party bridges, which MetaQuotes says typically cost $1,500 to $7,000 a month plus infrastructure. Most of the engine's announced users so far have been liquidity providers connecting their prices to it: LMAX, GMG Prime and Scope Prime signed up in early 2026, with Vantage following in April. MetaQuotes says Ultency now links brokers to more than 30 providers. Independent vendors including oneZero, PrimeXM and Centroid sell the same aggregation and routing layer, and industry executives warned in April of a "race to zero" in bridge pricing after MetaQuotes entered the market.

Axi's own stack already includes components from a competing supplier. In May 2025 it added a matching engine, liquidity aggregation and risk tools from Your Bourse to support its institutional business, and two months later relaunched AxiPrime as an institutional liquidity service built on that technology, handling up to 500,000 order events per second according to its launch announcement. It is unclear whether Ultency replaces that setup.

Owais Anwer, Axi's global head of technology operations, said the broker needs "technology that can scale without creating unnecessary operational complexity." Axi described the Ultency rollout as early stage and said it has seen initial improvements in platform performance and execution quality.