Brokers with MetaTrader 5
More than 10 years the de facto standard for private traders Forex is the trading terminal Meta Trader 4. It is reliable, has friendly interface, provides the user the necessary set of analytical tools, free and trusted for years. The next version of the popular app for online trading Meta Trader 5 (for short – MT5) has absorbed all the best from its predecessor, but has a number of innovative innovations that bring online trading to a whole new level. On this page is ranking brokers with the accounts MT5 for live trading.
MetaQuotes Software Corp. announced the release of a new version of its trading platform Meta Trader in 2009, but the first test accounts for MT5 brokers began to open. Active trading in them began after another two or three years, because the new product contained a lot of new capabilities the development and adoption of which traders took a lot of time. Here are the main ones:
- The opportunity arose, in addition to currency and CFD trading, use the trading tools that were previously unavailable: options, futures and stocks using a single Deposit account with a broker;
- Now there is no possibility of locking orders. This is due to the fact that MT5 has changed fundamentally the very concepts of orders, deals and positions with regard to their program logic. In accordance with the recommendations of major us market regulators, counter transactions in MT5 completely excluded from trade practices;
- Full depth of market built into the fifth version of the trading platform, opens new possibilities for a trader but it requires to work with it, the presence of ECN accounts offered by not all of the brokerage company;
- Changed the storage of the history. She became much more compact, which allowed the use of 21 working time frame instead of 9 in the Meta Trader 4;
- The new rules of orders execution, in addition to standartyh orders Forex better compliance with the requirements of the stock market. This "composite" types of pending Buy Stop Limit and Sell Stop Limit;
- Seriously redesigned built-in programming language – for speed latest version is more than ten times larger than MLQ4 and closer in performance to C.
Of course, the trading terminal Meta Trader 5 is much more powerful than the previous version, although largely incompatible with it. For this reason, the Forex brokers offer it to customers yet only as an additional software product. But even beginners should think about the future and start gradually to master this trading platform today.