A multi-asset, multi-functional, institutional trading platform is MetaTrader 5. Contrary to MetaTrader 4, which is focused on the forex market, MetaTrader 5 allows trading in stocks and commodities, despite its lower level of popularity. Visit multibank group
It is accessible via web, online, and mobile versions, and it also provides extra services like integrated trading robots, a database of independent strategy developers, copy trading, and virtual hosting. Through your broker, you can access the platform interface for free and in 31 different languages.
In addition to making, it easier to place orders, good trading software gives you the tools, features, and research you need to spot opportunities and monitor the performance of your portfolio.
MetaTrader 5 Is For Whom?
If you’re an experienced trader, MetaTrader 5’s multi-asset, multi-functional platform is a better fit. You are able to manage multiple accounts with various brokers. The platform offers price information, enables the creation of unique financial symbols, and permits the use of certain non-tradable assets, such as physical gold, as margin for open positions in other instruments.
The day traders
A trading platform that is quick, reliable, strong, and powerful is essential for day traders. MetaTrader 5 fulfills all requirements.
The Platform and Tools of MetaTrader 5
The platform for MetaTrader 5 is available on desktops, the web, and mobile devices. For in-depth price analysis, algorithmic trading applications using trading robots or expert advisors (EAs), and copy trading, the desktop version provides superior tools.
The MQL5 language is used by the MetaTrader 5 platform, which is a piece of computer software that executes trades automatically. It can carry out a wide range of tasks, including tracking financial symbols around-the-clock, copying deals, creating and sending reports, analyzing news, and even offering a particular tailored graphical user interface.
Your profitable trading strategy can be automated thanks to the platform’s comprehensive development environment for building and refining your own EA. As an alternative, you can select from a variety of ready-to-use EAs that are available for free download from Code Base, or you can buy or rent them from “MetaTrader Market,” the largest marketplace for ready-to-use trading software. Using the freelance service, you can also get professional programmers to create custom applications for you.
You can subscribe to profitable trader signals using the copy trading feature, which will make it easier for all trades on your account to be automatically replicated. For demo or live accounts, hundreds of free and paid signals are available.
The traditional netting system for exchange markets, such as the stock market and the options market, as well as the hedging option system for the forex market are both supported by the MetaTrader 5 platform. It supports two market orders, six pending orders, two stop orders, and four different execution modes including instant, request, market, and exchange execution.
The platform lets you view 100 currency or stock charts at once, and its 21 timeframes allow for a thorough and in-depth analysis of even the smallest price changes. It also provides 44 analytical objects, including Gann, Fibonacci tools, geometric shapes, and different channels, in addition to 80 technical indicators.
Fundamental analysis is a feature of MetaTrader 5 that tracks different economic and industrial indicators. The website features an economic calendar in addition to news articles from global news organizations.
The mobile trading platform for MetaTrader is accessible on your smartphone or tablet running iOS or Android. The mobile version supports the full range of trading features, among them the ability to view trading history and keep track of account status.
The Research Offerings of MetaTrader 5
In addition to providing a daily broadcast of dozens of newsletters from international events, MetaTrader 5 offers financial news from international agencies. The platform also includes an economic calendar that provides information on upcoming events’ times, forecasted values, actual values from the previous period, and more.
Pricing for MetaTrader 5
Retail traders can get the free MetaTrader 5 platform either directly from MetaQuotes or from the website of their broker, and they can practice using the platform’s demo account.
Brokers can choose between an entry license, a standard license, or an enterprise license for MetaTrader 5. Up to 1,000 real accounts can be accommodated by the entry license, 25,000 can be accommodated by the standard license, and up to 200,000 can be accommodated by the enterprise license.
Compatibility with MetaTrader 5
The MetaTrader 5 platform can run on most Windows software and requires a processor with SSE2 support (Pentium 4/Athlon 64 or higher). Wine, a free and open-source software program that enables Windows applications to run on Unix-like OSes, can also be used to run the platform on a Mac OS. Here are some additional tech-related points to look at:
- You should use PlayOnMac, open-source, free software that runs on Wine and enables quick installation and use of Windows applications on Mac OS.
- MetaTrader 5 can be installed and used on computers running Ubuntu using Wine to run on Unix OS systems.
- Download MetaTrader 5 for Android from Google Play to access the mobile platform, then sign in with your broker to begin trading. The platform’s mobile version for iPhone and iPad can be downloaded from AppStore or iTunes.
- The program is compatible with the iPhone 4S or newer, the iPad 2, and the iPod Touch 5 or newer. iOS 8.0 or a more recent OS version is needed.
Using MetaTrader 5 is Simple
The platform MetaTrader 5 is accessible for download. With the most frequently used commands available on the toolbar, it offers a straightforward and user-friendly interface that makes it easy to access all commands from the main menu. Market Watch offers quotes for the stock market and other instruments, and the Navigator offers tools for algorithmic trading and managing technical analysis.
The distributed architecture of the MetaTrader 5 download makes it immune to hacker attacks. An encrypted connection is used for data transmission between system parts. The accounts are secured by sophisticated authentication and authorization systems that are already built in. All system databases have backup and recovery features and are securely encrypted.