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MetaTrader 5 Review

MetaTrader 5 is the excellent choice for traders having several trading accounts because the platform allows quick switch between trading windows. The usage of this trading software makes trading more comfortable and fast. The platform is currently one of the most popular in the industry and one of the widely used by the traders of all levels of experience. Most Forex brokers offer their clients trading with this platform because of its intuitive interface and effectiveness suitable both for novice and experienced traders.

MetaTrader 5 almost does not have any disadvantages inherent in many trading platforms while there are numerous advantages. The platform’s trading terminal allows the usage of any kinds of trading orders which is important if a trader applies a complicated trading strategy and wants to implement it successfully. If a trader wants to control his losses using pending orders or wishes to reverse the position – the platform allows all this.

The platform contains almost fifty market analysis tools including twenty line tools and thirty technical indicators. With this set market dynamics is no longer a mystery to a trader. To extend the functionality of the platform the developers integrated MQL5 in it. Because of this a trader has the possibility to make analysis and trading completely automatic by creating expert advisors.  The platform contains built-in indicators which can be customized by novice traders to create their first personal indicators.

MetaTrader 5 - Forex Platform's information

MetaTrader 5 MetaTrader 5
Software developer MetaQuotes Software
First release 2010
Traders' reviews Post a review
Free of charge trial
Free of charge
Monthly payment
Multilingual interface
Web-based version
IOS version
Android version
Blackberry version
Windows mobile version
MacOS version
E-mail alerting
Mobile alerting
Ready Smart Dealer application
Ready Web Trader application
Free forex signals
Free tutorial
Technical support
Real-time charts
Automated trading
Stop order
Limit order
Market order
Market analysis tools
Technical indicators
Trading robots allowed
Expert advisors allowed
Traders calculator
Trading history
Trading signals export
Hot keys customizability
Different trading tools handling
Several trading accounts handling
Open interface (API)
Data encryption