MT5 Synthetic Symbols

With our new MT5 Synthetic Symbols solution, forex brokers can convert existing symbols and expand the set of tradable symbols.

The tool works with any symbol, but will find most common use in converting commodity and cryptocurrency symbols as those symbols usually either have low prices (e.g. TRON (TRX) at $0.020299) or the variety is somewhat limited as commodities typically come as one symbol (e.g. 1 ozt of Gold at $1187.26).

By splitting original symbols into other fractions, you cannot merely send those orders to liquidity providers as the symbols differ too much. To solve this issue, the solution comes with a built-in hedging functionality that converts synthetic symbols back into the traditional variants used by liquidity providers or other brokers.

Example:

  • Traditionally, 1 lot of Gold is equal to 100 troy ounces.
  • With the Synthetic Symbols plugin, MT5 brokers can offer 1 lot of Gold that will equal 1g, 10g, 1kg of 99.5% purity, 1 kg of 99.9% purity, etc., with prices explicitly calculated for each symbol.