MetaTrader 5 is the newest trading platform by MetaQuotes Software Corp. It is more intuitive and offers a lot of innovative features. MT5 makes trading more comfortable and faster.
The МetaTrader 4 trading platform for PC is designed for conducting trading operations and technical analysis on the Forex market and has the most complete list of functions and instruments.
МetaTrader 4 for Android OS is ideal for traders who use devices with this operating system. It supports the opening of any type of orders, trading history, interactive charts, technical analysis and the necessary basic set of indicators.
МetaTrader 4 for iOS is ideal for traders who use devices with this operating system. Supports the opening of any type of orders, trading history, interactive charts, technical analysis and the necessary basic set of indicators.
MT4 WebTrader provides instant online access to the global financial markets for trading both on demo and real accounts, herewith, the installation of the terminal is not required.
A Forex trading platform is a special software that monitors the Forex market, places and manages orders and overall maintains a trading account. Basically, it is a mean of communication between a broker and a trader, and an access point to the Forex itself.
All popular Forex trading platforms are free, however, some are proprietary to a certain broker. We advise beginners to start with a more generic and widely supported platform – then they will have transferable skills and will be able to trade with any existing platform.
Forex trading platforms bring the whole exchange to your pocket, allowing you to trade while doing your own thing. Here’s a short list of what you can do with of them.
In shorthand, Forex trading platforms make you a part of the Forex market without the need of going to the exchange physically. That’s why everyone uses them nowadays – from newbies to hardened professional traders and dedicated market analysts.
If you don’t know with which Forex platform to start – here’s a nifty list to check.
Just remember – at the end of the day, all Forex trading platforms are good. While some of them have more intuitive UI or enjoy wider community support, all of them still do the same job. As long as your broker supports your platform, you are good to go.
The most popular Forex trading platform for beginners is MetaTrader 4. It provides everything you need for comfortable trading and scales really well with the custom indicators, scripts and expert advisers.
MetaTrader 4 is supported by the majority of brokers – even those with the proprietary systems tend to offer the MT4 support as a fallback. It’s tried, true and beloved by the community, which creates new advisors, scripts and indicators even 13 years after the initial release. And you don’t even have to be a professional software developer to create your own add-on – the MQL scripting language is quite approachable.
At the moment, MetaTrader 4 is best enjoyed on PC. MetaQuotes also makes an Android version, and there is an iOS port of it for the Apple devices. There is also a Web version, although it does not have all the features. Linux and MacOS are supported officially via Wine. However, Wine brings some limitations – like a missing internal add-on Market.
MetaTrader 4 is free and available for download on MetaQuote’s official website.
The trading platform offers new advanced features for professional traders.
This terminal provides 38 technical indicators and 44 graphical objects for making the analysis. Also, you may use 21 timeframes instead of standard 9 in MT4. By default, the toolbar contains only the main timeframes. By calling the context menu, you can add the timeframes you need to the toolbar.
The terminal contains several dozens of built-in indicators developed by professional traders. At the same time, you can install an unlimited number of technical indicators on one chart. The difference from the MT4 trading terminal is that in the MT5 trading platform you can impose one indicator on another, receiving more smoothed indicator data.
These and much more features are available in the Metatrader 5 trading terminal.