MetaTrader5™ Trading Platform

Introduction to MetaTrader 5

MetaTrader-5 or MT5 is a 5th generation free trading platform released in 2010 by MetaQuotes. MT5 provides trading services to customers in Forex, CFDs, and Futures, as well as equity markets.

• Versions/Operating Systems: Windows, MACos, WebTrader, Ios, and Android

MT5 and MT4 Comparison

In comparison to MT4, MetaTrader-5 offers more features such as direct stocks and futures trading, more timeframes, analytical objects, market depth, and six (6) types of pending orders. In addition, the programming language MQL5 is more advanced than MQL4.

Trading Assets

Using MetaTrader-5 you may trade Forex, Stocks, Indices, Futures, Bonds, CFDs, and Cryptocurrencies. Both manually and automated trading are supported.

MT5 Basic Features

(1) MT5 is designed to provide traders with access to Futures, CFDs, and Stocks

(2) The platform is written in the MQL5 environment (C-like programming language) and includes an MQL5 built-in editor and compiler

(3) Offers six (6) types of pending orders

(4) Supports both manual and automated trading (Expert Advisors)

(5) MT5 isn't backward compatible with MT4

(6) MetaTrader-5 offers more timeframes than MT4 (21 timeframes, in total)

(7) Offers 38 technical analysis indicators and 44 analytical objects

(8) There are MT5 mobile traders for iOs and Android

(9) MetaTrader-5 offers Depth of Market (DOM)

(10) Multi-threaded strategy tester (advanced EA backtesting)

(11) MT5 offers both Hedging & Netting (MT4 only hedging)

(12) MT5 offers an economic calendar

Read more: MetaTrader-5 (MT5)

MetaTrader4™ Trading Platform

Introduction & Short History

MetaTrader4 or MT4 is a free platform, supported by more brokers (300) than any other trading platform. The software is developed by MetaQuotes Software Corporation, which was found in 2002. By that time (2002), MetaQuotes released the FX Charts online trading platform. MetaTrader-4 is their 4th generation platform and it was completed in 2005. Since then, MT4 is one of the most popular trading platforms worldwide.

• Versions/Operating Systems: Windows, MACos, WebTrader, iOs, and Android
• MetaTrader4 Available Asset Index: Forex pairs and CFDs (Stocks, Indices, Commodities, Bonds, and Cryptocurrencies)

Basic Features of the MetaTrader4 Platform

(1) MetaTrader-4 is a 100% free platform for traders

(2) The platform is written in the MQL4 environment (C-like programming language)

(3) MT4 includes an MQL4 built-in editor and compiler

(4) Supports both manual and automated trading via Expert Advisors (EAs)

(5) MetaTrader4 allows traders to program custom indicators and automated trading systems

(6) Allows receiving trade signals from listed signal providers (copy-trading)

(7) The MetaTrader 4 includes the MultiTerminal option which is designed for managing multiple accounts simultaneously (PAMM/MAM Accounts)

(8) Mobile apps for iOs and Android

(9) The next generation of MetaTrader Platform is the MetaTrader5 (also reviewed by the TradingCenter)

(10) Supported languages include English, Spanish, Russian, German, Arabic, and Chinese.

Read more: MetaTrader4 (MT4)