Best MT5 Brokers
MetaTrader 5 is the successor to MetaTrader 4, the world's most popular retail FX trading platform. Compare MT5 brokers now.
MT5 was released in 2011 as a successor to MetaTrader 4, the world's most popular retail Forex trading platform.
MetaTrader 4 vs. 5
If you are comfortable trading on MetaTrader 4, you might wonder what MetaTrader 5 has to offer:
- CFDs on stocks, indices and commodities alongside Forex (MT4 is primarily focussed on the Forex market). Note that the range of markets and securities will ultimately depend on your broker.
- Six types of pending orders and two types of stop orders (MT4 has four types of pending orders).
- A wider choice of chart time-frames.
- Additional technical indicators
MetaTrader 5 also supports Expert Advisors, robots that allow you to automate trades and account management tasks. However, you should note that MetaTrader 4 robots are not compatible with MetaTrader 5. If you are particularly keen on using a certain EA, you'll need to check compatibility with your chosen platform.
You can write your own EAs with MetaQuotes Language 5 (MQL5), the platform's built-in programming language. MQL5 is an object-orientated programming language which means you'll feel right at home with it if you're familiar with C++, C#, VB.NET or Java.
MetaTrader 5 is also available on iPhone and Android. Manage your account, trade online and perform technical analysis drawing on 14 of the most popular indicator in one place.
Trade 45+ currency pairs, Spot Metals and Spot CFDs with market execution and no requotes. Scalping ... MoreTrade 45+ currency pairs, Spot Metals and Spot CFDs with market execution and no requotes. Scalping and all EAs allowed on MetaTrader 4 or MetaTrader 5. Available swap-free.
Risk warning ?
Trade over 50 pairs of currencies as well as CFDs on metals, indices and commodities through MT4 ... MoreTrade over 50 pairs of currencies as well as CFDs on metals, indices and commodities through MT4 with this true ECN account. Get fast execution speed over dedicated fibre optic links to New York.