If you’re looking to try out a new online trading platform, you’ll want to consider MetaTrader 5 (MT5). MT5 is a multi-asset trading platform offered by Equiti that is used by those looking to trade various assets, including Forex, stocks, and futures. Because MT5 is a multi-asset platform, traders are given access to more financial tools and instruments than other platforms.
Below is some more information about MetaTrader 5 and how you can use it to take your trading to the next level.
Origins of MT5
MetaTrader 5 was developed in 2010, and was a successor to the popular MetaTrader 4 platform, which had been around since 2005. The developers behind MT5 wanted to improve the functionality of their existing platform to give users more advanced features and tools. They also wanted traders to have access to a wider range of financial instruments, including stocks, options, and futures, as MT4 was primarily limited to Forex.
MetaQuotes, the creators of MT5, are committed to providing reliable, high-performance trading solutions to traders and financial institutions. With improved charting tools and enhanced algorithmic trading capabilities, the impressive development of MT5 has made a huge impact in the world of trading.
What MT5 Has to Offer
MT5 offers traders several impressive tools, including 21 different timeframes that give traders the ability to analyze the market in a more in-depth manner. It also offers algorithmic trading, which lets traders automate their strategies using Expert Advisors (EAs). These programs can execute trades automatically based on pre-defined rules, so you can trade conveniently, taking much less time and effort than doing it all manually.
MT5 supports several advanced order types, including the following:
- Market orders
- Limit orders
- Stop orders
- Trailing stop orders
- Stop-limit orders
This variety can give traders more options to make trading as seamless as possible.
As if that all weren’t enough, MT5 has a built-in economic calendar that presents traders with important news about the market and upcoming events that can majorly impact trading decisions. This can help traders make more informed decisions while using the platform, so you’re more likely to make good financial choices.
Ultimately, MT5 is designed to be flexible and offer traders the most support possible in an online trading platform. It can be accessed easily on desktop, tablet, and mobile devices through MQ WebTrader in your web browser.
While it is certainly advanced enough for experienced traders, it also offers low-risk, zero-commission trading accounts with low deposit requirements for those just getting into trading and trying to learn new strategies. Anyone from any trading experience level can find their niche using MetaTrader 5.
MetaTrader 5 is a powerful, top-of-the-line trading platform that offers traders a huge, advanced collection of tools, features, and functionalities. Today, it is considered to be one of the most popular international trading platforms available to traders.
If you’re looking to trade financial assets simply and safely, MT5 is a great place to start.