MetaTrader5 (MT5) is an all-in-one trading platform that enables the trading of forex, futures, and stocks.
As a whole, MetaTrader5 is widely considered as one of the best applications for trading due to its capability of supporting algorithmic trading applications, such as Expert Advisors, Trading Robots, and Copy Trading.
Functioning as a multi-asset platform, MetaTrader supports hedge trading which is widely employed by investors trading the foreign exchange market.
MT5 supports market, trailing stop, stop orders, and pending orders.
Additionally, instant, exchange, market, and request are the four trading execution modes supported while a traditional netting system may also be used.
The Benefits of MT5
What separates MetaTrader5 apart from competing trading platforms would be the vastness of options and capabilities that the solution is capable of providing traders.
Over 100 currencies and stock quotes can be analyzed while traders have the option to choose from more than 80 analytical tools and technical indicators.
Furthermore, MetaTrader 5 supports several thousand indicators free of charge through their Code Base that can be integrated into the framework of MT5 while traders less adept to handle the rigors of trading can purchase or rent from over 2,500 algorithmic applications to execute autonomous trading programs on their behalf.
For traders or programmers who are competent in the programming language, you can create custom trading algorithms and indicators to suit your unique interests.
Additionally, traders can also leverage the built-in fundamental analysis tools to predict price fluctuations.
Virtual Hosting may be rented to decrease server latency while mobile, web and algorithmic trading are supported.
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.
MetaTrader supports 31 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.
MT5 is free of charge and comes with a $100,000 demo account.