MetaTrader 5

MetaTrader5 (MT5) functions as an all-in-one platform that allows for the trading of forex, futures, and stocks.

It has grown in popularity in recent years among brokers, in some cases even replacing the industry standard MetaTrader 4 (MT4) platform.

Overall, MT5 is widely considered by brokers to be one of the most preferred applications for trading.

This is due to its ability to support algorithmic trading applications, such as Expert Advisors, Trading Robots, and Copy Trading, as well as other functions.

MT5 can support market, trailing stop, stop orders, and pending orders.

Moreover, instant, exchange, market, and request are the four trading execution modes supported while a traditional netting system may also be used.

Why Use MetaTrader 5?

For well over a decade, MT4 dominated the market, becoming the paramount platform adopted by brokerages.

However, MT5 has eroded this dominance and to understand why means exploring what separates MT5 apart from other competing trading platform

Overall, the biggest benefit if MT5 is its wide array of options and capabilities that the platform is capable of providing traders.

MT5 supports over 100 currencies and stock quotes that can be analyzed while traders have the option to choose from more than 80 analytical tools and technical indicators.

In addition, MT5 also allows several thousand indicators free of charge through their Code Base that can be integrated into the framework of MT5.

Traders less adept to handle the challenges of trading can purchase or rent from over 2,500 algorithmic applications to execute autonomous trading programs on their behalf.

Advanced traders or programmers can also create custom trading algorithms and indicators to suit your unique interests.

Furthermore, traders can also leverage the built-in fundamental analysis tools to predict price fluctuations.

From the built-in Market of Trading Apps, traders can choose from custom-made trading robots or subscribe to a successful trader who renders a signal service.

MT5 supports over thirty languages, while the installation takes no more than a few minutes to complete.

Additional services may be opted-in while MetaTrader5 is an ideal solution for traders looking to independently trade, subscribe to a signal service provider or implement trading robots.