Capitalizing on the popularity of the trading network MetaTrader 4 (MT4), with the release of the MetaTrader 5(MT5) trading platform in 2010. MetaQuotes Applications attempted to replicate the success. Although several have believed that the MT5 trading platform would improve MT4 in the online trading sector. This was not necessarily the case. In essence, the MT5 trading platform was planned to appeal to non-Forex industries. As the commodity market, the stock market, and the futures market. In brief, a new group of end-users was developed to fix it.
Although the MT4 and MT5 trading systems have parallels, there are still notable variations between the two platforms. The MT5 trading site, for instance, comes with more technical metrics, more than 80 currently. The tables also provide separate twenty-one periods. You can concurrently open up to 100 individual maps. But you’ll be hard-pressed to locate a screen that can hold that many charts at once.
Furthermore, a different scripting language, MQL5, is used in the framework. It should be noted that the backward compatibility of MQL5 with MQL4 is not mandatory. Nevertheless, the MT4 and MT5 exchange platforms both have important parallels. The MT5 also facilitates algorithmic trading using specialist advisors, including the MT4 (EAs). The “Depth of Market” (DOM) functionality is another fascinating feature of the MT5 trading platform. In essence, DOM is a window displaying the number of requests for “Buy” and “Sell.” You may say the supply and demand of a specific tool with this feature. See our list of suggested brokers that endorse the MT5 platform below if you are searching for a broker that features the MT5 platform as one of the key trading channels.
GO Markets
An ASIC-regulated trader, GO Markets Pty Ltd, has been in business since 2006. In Melbourne, Australia, the head office is situated. With over a decade of experience, GO Markets has expanded from over 150 countries to become a primary broker with a large customer base. GO Markets supplies the MT4 and MT5 exchange sites with forex and shares CFDs, indexes, metals, and trading services.
The MT5 was optimized for forex and CFD trading and was designed to provide a wider variety of securities. Although it is more complex and has more functionality, it has equivalent functions to the MT4. This builds on the latest capabilities of the MT4. As a WebTrader and as a free Windows program, GO Markets offers the MT5 network. To exchange the ASX shares provided by GO Markets, only the MT5 platform can be used.
A controlled brokerage agency is GO Markets, which is a consideration that guarantees clear trading conditions. Innovative technologies and robust servers based in London provide ultra-fast trading executions courtesy of it. Trading and research resources such as Autochartist and Trading Central are also offered.
RoboForex
Created in 2009, RoboForex is an official affiliate of BMW M Motorsport. The broker is approved and supervised by Belize’s Foreign Financial Services Commission. Offers adverse balance insurance for separated trading accounts. They are now part of the Financial Commission’s Arbitration Pool, which has links to the Check My Trade standard execution certificates.
The broker offers exchange options, ETFs, indexes, cryptocurrency, and derivatives in eight asset groups covering Forex ECN and CFDs. Users may also invest in American companies’ actual stocks, taking the overall amount of tradable assets to over 12,000.
There are five distinct trading accounts: prime, ECN, R Dealer, Pro-Cent, and Pro-Standard. The broker also offers links to a sample trading account and Islamic swap-free accounts. Commissions differ based on which account form is open on those accounts, with a maximum leverage of 2000:1.
It has 12,000+ markets for MetaTrader 4, MetaTrader 5, and cTrader to sell on and will trade on. It also offers instructional videos and the RoboForex Analytics software and has 24/7 customer service in various languages.
IC Markets
IC Markets was found in 2007 in Sydney, Australia. Governed by the Australian Securities and Investments Commission (ASIC) and the Financial Services Authority of Seychelles (FSA). According to the broker’s website, they managed $646 billion worth of trade value in April 2019 alone.
While the broker provides facilities.Features built for both novice and experienced traders, owing to their New York Equinix NY4 data center. The firm promotes itself as the ‘go-to’ choice for high volume traders, scalpers. Trading algos-processing over 500,000 trades a day.
IC Markets has a real institutional grade liquidity ECN brokeR. Its desktop, network, and smartphone MetaTrader and cTrader are open. It also has a wide variety of tradable items. An impressive library of instructional resources and videos with 24/7 customer service.