MetaTrader 5 – MT5 Forex Brokers Reviews

the Metatrader 5 Trading Platform is becoming the Trading platform for the serious Traders among us. when you put the MT4 vs MT5 then you will find that those with a MetaTrader 5 Account Take their Trading to the Next Level. the Best MT5 Brokers are in general also Brokers that have been in business for some time and added an MT5 Download Option on request of their Traders. if you do not have the Software then Press here MetaTrader 5 Download

Why Trade with Metatrader 5 ?

Building on from the industry’s gold standard MT4, MetaTrader 5 is the latest platform by Metaquotes aimed at traders looking for state-of-the-art features. The platform comes with many additional advantages, including 21 time-frames, 6 pending order types, hedging and netting options and multi-thread strategy tester for EAs.

• Full set of trading orders for flexible trading
• Unlimited amount of charts with 21 time-frames and one-minute history of quotes
• Technical analysis with over 80 built-in technical indicators and analytical tools
• Fundamental analysis based on financial news and economic calendar
• The largest store of ready-to-use trading applications at MetaTrader Market
• Trading Signals allowing you to copy deals of experienced traders automatically
• A system of alerts to keep track of all important market events
• Robust algorithmic trading with the built-in MQL5 development environment

The new and MT5 trading platform got a brand new assortment of candlestick time frames, which are now available and accessible for both long term and short term traders. In addition, the economic calendar is directly integrated and incorporated with the price charts and has small bookmarks on the time alignment in the bottom. All of these new and improved features can, of course, be filtered or fully removed from the calendar menu.

The MQL Marketplace is still available on the MT5 trading platform, but the outdated indicators and Expert Advisors (EAs), which were developed for MT4 but they are no longer supported on the new trading platform. New and updated versions are being developed and established, but it will take some time until their volume reaches the old volumes of the MT4 platform.

At first, the MT5 platform was designed with the prospect of trading futures and stocks. Therefore, a trader was not able to have a long position and a short position open at the same time (also known as hedging). However, as the platform evolved hedging became a prominent feature for Forex traders. MT5 Forex brokers, at their discretion, may offer the opportunity to their clients to hedge certain instruments under certain trading conditions.

On the surface, there is not much of a difference between both trading platforms, and most brokers provide both trading platforms for traders.

The only distinction that pertains to both trading platforms is the trader’s personal preference when he or she is trading.

The new and improved features of the MetaTrader 5 trading platform is not suited for every trader. This also means that there are a lot of traders that would benefit from what the MT5 has to offer in comparison to the Metatrader 4.

The MetaTrader 4 trading platform is more user-friendly, and many traders have learned how to trade on this platform, and like your first car, you reserve a special place for your first experience. But for some, they have outgrown this platform and are ready to look further. For them, the MT5 is the right platform to continue and evolve your trading.

While the MT4 trading platform is the preferred trading platform of trading for almost all Forex brokers, various brokers choose to add MT5 trading platform as an additional option and provide their traders with the choice of platform.

There are today even forex brokers that have moved entirely to the Metatrader 5 trading platform and have discontinues their MT4 options. one example is LegacyFX

Since MetaQuotes ( the developer of the MT4 and MT5 ) no longer provides licenses for the MT4 and only for the MT5, we will see that more and more brokers will go into this direction. That is also why we believe that for traders to would be a smart move to familiarise themselves with this fantastic trading platform already.

Despite the additional features that the MT5 offers, the MT4 and MT5 trading platform is neither the MT5 or MT5 is to the other. There are advantages and disadvantages to each trading platform. MT4 and MT5 Forex brokers manage to provide the trader’s opportunity to pick whichever platform they prefer.

We always believe that you should open a demo account on Both platforms if the broker provides them and see what you like best, it will help you to make a better decision.

SO LET’S LOOK AT THE DIFFERENCES BETWEEN THE MT5 AND MT4

The MT5 ais more resourceful and flexible than the MT4 trading platform. In turn, it will provide the traders’ access to more opportunities for more earnings and the capability to execute more operations.

For the more experienced traders and ambitious traders among you, The MT5 is the most suitable trading platform. But for the beginning traders and those traders that like to keep everything simple and be in complete control of the risks better stay with the simplified MT4 trading platform. Both the MT4 Forex brokers and the MT5 Forex brokers allow traders to make all the trading decisions, so you keep your control regardless of your choice.

WHAT TO CONSIDER WHEN USING THE MT5 PLATFORM

• Following the reputation of its forerunner and prior version, MT4, the MT5 gives real-time access to various financial markets.
• Trades can be executed and fulfilled with the click of a button, and all information is regularly updated and restructured through streaming software that is located in the Cloud.
• MT5 is designed and deliberately designed as a full-fledged system that allows clients to trade online.
• The MT5  consists of a wide range of features of the previous MT4 version supplemented and supported with new useful tools and resources.
• The new and MT5 trading platform got a brand new assortment of candlestick time frames, which are now available and accessible for both long term and short term traders.
• The economic calendar is directly integrated and incorporated with the price charts and has small bookmarks on the time alignment in the bottom.
• The trading platform provides advanced charting and trading tools, as well as options for automated trading.

All traders have to do is simply download, install, and they can start trading!

The MQL Marketplace is still available on the MT5 trading platform. Still, the outdated indicators and Expert Advisors (EAs), which were developed for the MT4 are no longer supported on the new trading platform.

This does not mean that this is the end of the EA’s and indicators as new and updated versions of the plugins are being developed continuously.

This development will only increase in the future, but at the same time it will take some time before the MT5, but it will take some time till this reaches the level of what currently is available on the Metatrader 4.

the original concept of the design and development of the MT5 platform was that it was primarily meant for trading futures and stocks and the American Market.

This means that a trader is not able to have an extended position and a short position open at the same time (also known as hedging). However, as the platform evolved, hedging became a leading feature for Forex traders. MT5 Forex brokers, at their discretion, may offer the opportunity to their clients to hedge specific instruments under certain trading conditions.

 HOW TO DOWNLOAD MT5 – FREE TRADING PLATFORM

MеtаTrаdеr5 (MT5) is the today one of the most popular one multi-asset platform that is chosen by traders and investors alike.

There is not a better platform for trading Forex, CFDs, exchange-traded instruments and futures.

The trading platform can be downloaded at absolutely no charge, and hassle-free. This can be done through your broker but also the MetaQuotes website.

Then by entering the account details of your brokers MT5 version, you can immediately find out a balance of your trading account. Besides, you will receive records of all your deals, open orders, profits, and losses.

Download MT5 and start trading using the full list of the trading platform options and features.

 MЕTАTRАDЕR5 SYSTEM REQUIREMENTS

MT5 FOR PC REQUIRES

• Processor with SSE2 support (almost all modern processors)
• Windows 7 (32 – and 64-bіt); Windows 8 (32 – and 64-bіt) and Windows 10 (32 – and 64-bіt)
• RAM 512 MB
• Free hard disk space 50 MB
• Screen Resolution 800×600

MT5 FOREX BROKERS OFFER A WIDE VARIETY OF FUNCTIONS AND UNIQUE FEATURES FOR THE MODERN FOREX TRADER:

FULL SET OF TRADING ORDERS FOR FLEXIBLE FOREX, STOCKS, AND OTHER SECURITIES TRADING

• Two-position accounting systems: netting and hedging
• Unlimited amount of charts with twenty-one time-frames and one-minute playback history of quotes
• Technical analysis with over eighty built-in technical indicators and analytical tools
• Fundamental analysis based on financial news and economic calendar
• The largest store of ready-to-use trading applications at MetaTrader Market
• Powerful algorithmic trading with the built-in MQL5 development environment
• Trading Signals allowing you to copy deals of experienced traders automatically
• A system of alerts to keep track and monitor all the essential financial market events
• Built-in Forex VPS

PROS AND CONS OF THE METATRADER 5 TRADING PLATFORM

PROS

There are several advantages of the MT5 trading platform, 

The MT5 trading platform is currently still mainly used by advanced traders,

The first advantage is that it is intuitive and a clear and easy-to-use online trading platform, which means that it is user-friendly, and it provides a comprehensive guide on how to execute trades.

The second advantage is that the MT5 trading platform has a mobile application that makes trading possible anytime, anywhere! So, traders will not be constrained with the possibility of missing a vital trade or be chained to a desk, to trade. Traders will be able to sell and buy whenever they feel like it, wherever they are, and it won’t take any time at all.

The third and final advantage that will be highlighted is the real-time element of the MT5 trading platform. The MT5 trading platform provides charts and other analytical data in trading in real-time scenarios. This means that you can create reliable trading strategies, and make accurate trading decisions, through MT5. With the real-time situations, it will be reasonably easy for traders to forecast what assets are going up, and what assets are going down. The third advantage is one of the most important aspects since it defines the trades a user will make for the future trading operations that will occur; it also allows traders a peek into the inner-workings of the forecasted trades.

CONS

The MT5 trading platform has two main disadvantages for traders.

The first disadvantage is that the MT5 trading platform is not suitable for new traders; it is also not the correct choice or investors with a small investment.

It would be regarded as very challenging for beginner traders to utilise the MT5 trading platform, and they might see it as too confusing.

The second disadvantage and an essential element to consider is the cost of the MT5 trading platform. Although the MT5 trading platform is entirely and utterly free for any user, there is some cost to it. To access all the features of the MT5 trading platform, traders will have to pay for it and purchase the option to access all the features.

COMPARISON OF METATRADER 5 AND METATRADER 4

Compare our trading platforms