The MT5 has a number of new features that were non-relevant for the MT4 version. The novelties are analytical tools and more advanced graphs as well as more timeframes including 2 minutes and 8 hours. What is more, MT5 provides new ways of trading in terms of trading methodology and investment instruments. Read our detailed analysis “What Forex Platform to Choose: MT4 or MT5” to decide which version suits your trading needs and skills.
MT4 allows only hedging. … MT4 is designed for CFD forex instruments, whereas MT5 is an all-in-one state of the art multi-asset trading platform, covering both centralised and non-centralised financial markets, including, stocks, futures and FX trading instruments. MT5 is faster and more efficient than MT4.
MetaTrader 5 is the world-famous Forex trading web platform that provides wide opportunities for brokers who have different accounts. Metatrader platform allows trader to switch quickly between accounts and windows making his orders fast. Metatrader 5 review considers this software as one of the most wide-spread among experienced Forex traders. But novices also don’t pass by this software because of its friendly interface and high level of effectiveness. Many experienced brokers download Metatrader 5 to offer their clients the very fast, safe and comfortable trading with this platform.
MetaTrader 5 supports working with most popular operational systems. There are versions for android, for ipad, for mac and for linux. Mt5 review doesn’t show any disadvantages of this platform but accents on a lot of benefits. Thus, the trading terminal provides usage of different orders. That is highly important while broker sets a complex trade strategy and wishes to get a good profit. A great benefit is a possibility to trade on demo account before entering a real market. MetaTrader 5 provides a wide range of features for automated trading. Its api allows trader to create his own unique strategies. And simulator allows testing these strategies before starting real trading.
MetaTrader 5 also allows to control every loss and profit including pending orders and reverses of the position. If you read the reviews of best ECN forex brokers, mt5 is a platform with one of the biggest number of indicators and signals. Everyone who wants to learn how to use metatrader 5 will appreciate its features in creating personal indicators, learning market dynamics and watching all the market news online.