MetaTrader 5 is the latest technology when it comes to online trading platforms for Forex. It builds on the excellent features that MetaTrader 4 brought to the game, offering yet more control and adds new options that traders interested in diversifying their investing profiles will appreciate.
While MT4 was restricted to currency exchange, MT5 steps up the game including equities and commodities. Still, a bit more to go till this powerful technology reaches the stock market, but we can see how things are developing in that direction.
Sadly, MT5 remains a choice for a few, being less popular than MT4 due to its incompatibilities. However, those that have chosen it, and decide to give it a go, discover that MetaTrader 5 is actually a great tool!
But how to make sure the broker of your choice is offering MT5? Do not hesitate to check out this site https://investingoal.com/best-mt5-forex-brokers/ with all the information you need to find the perfect broker that offers the online trading platform that you want.
What is MetaTrader 5?
MetaTrader 5 is the most recent update of MetaQuotes. a Russian software company that has been designing trading platforms for years.
What is new with MT5?
There are a few new features that Forex traders will find useful. For example, new indicators, more moderns tools. The MetaTrader 5 also allows trading equities and commodities and other interesting assets.
If you’re interested in using MetaTrader 5 as your online platform, there are few things you should still consider.
Why choose MetaTrader 5?
Many think that MetaTrader 4 and 5 are quite the same with a few new innovations. Kind of like an upgrade on your phone. However, users must know that MetaTrader 5 is written in MQL5, a completely new programming language that, sadly, makes it not compatible with older versions.
If you’re wondering why this may be a problem? Well, all your libraries of useful resources in MetaTrader 4 will not be available in the newer version.
If you are using MT4 and you’re happy with it, MT5 may not be for you. However, if you’re a new or experienced trader looking to take advantage of the latest technology available, MT5 is probably for you.
The best brokers that offer MT5
Due to its compatibilities issues, MetaTrader 5 is still much more unknown than the previous MetaTrader 4. Still, the biggest Forex brokers offer their main trading platforms in the MT4 technology, while many have included the option now of using MT5, it remains a secluded few that actually use it.
We have selected the best among them.
FOREX.com. This broker has consistently ranked among the best for years now. They support MT4 and MT5, offering interesting options for those traders looking to expand their horizons and diversify their investments.
At the same time, they offer a variety of educational tools, as well as different types of accounts, each with its own advantages, designed for different kinds of traders.
IC Markets. This is a broker based in Australia supporting both MetaTrader 4 and 5. IC Markets offers many more benefits, apart from the latest technology. They offer leverage up to 500:1 and a wide variety of currency pairs to invest in.
Admiral Markets. Another broker that supports MetaTrader 4 and 5, letting traders use whatever suits their trading style better. While high leverage is only available to professional traders and there are fewer currency pairs available, Admiral Markets definitely shines when it comes to CFDs.
A broker with multiple regulations, and interesting options when it comes to assets to trade with.