It is a multifunctional online trading platform licensed and owned by Metaquotes Software Corporation. MetaTrader 5 (MT5) is the successor of MetaTrader 4, which enables the traders to stream live prices, view charts and place orders robotically.
MT5 offer various features to its users such as automated trading, copy trading, virtual hosting service and technical and fundamental analysis tools for strategy development. Copy trading is one of the best features with which a trader can copy trading method of effective traders.
The millions of forex traders all around the world use the MetaTrader 5 platform due to a wide array of benefits and exceptional features. Millions of user-made it probable to shape a community of traders called MQL5 Community, where traders communicate to discuss trading strategies, trade signals and much more.
MetaTrader 5 (MT5) platform allows its users to trade in stocks, commodities, CFD’S, indices, forex and futures markets. It is a multi-asset trading platform that provides tools and features needed for successful financial trading. For international exchanges, MetaTrader 5 (MT5) offers powerful technical analysis tools, cutting edge functionality, algorithmic trading and social trading.
It also offers the functionality of mobile trading as well to its clients. By downloading the mobile version of MetaTrader 5, traders can control trades with the use of tablet and mobile. MT5 mobile trading application offers the same features as its web trading.
MetaTrader 5 (MT5) is a very user-friendly trading platform that is clear and easy to use. All the information and charts are updated in a real-time scenario, which is essential to lessen the risk. The only disadvantage is that it is not best for novice traders due to its advance features and tools. As discussed earlier, it is a multi-feature platform, but to access all will require a purchase. It means that the user can’t use all of its features unless they purchase what is needed.
Despite a few disadvantages, MetaTrader 5 (MT5) is a best-appreciated trading platform available today. It is equipped with more than 3000 markets all around the world. Thus clients can enjoy additional features every time they trade.