About MetaTrader 5 (MT5)
The online trading platform MetaTrader 5, or commonly known as MT5, is the successor of the well-known MetaTrader 4 (MT4). It was developed by MetaQuotes Software Corp., and initially released in 2010 as a beta version. Over the years, MetaQuotes had invested in continuous development, testing and improvements, which made MT5 today as the next generation of trading platforms with extended possibilities.
The biggest advantage that MT5 possesses over its predecessor is its flexibility to offer an extended number of instruments from various asset classes with different settings, all tradable from the same interface and the same trading account.
MetaTrader 5 (MT5) takes the famous charting package and the automated trading possibilities to a whole new level. All the features that made MetaTrader 4 (MT4) the platform of choice have been kept and have been upgraded to a more sophisticated back end infrastructure that can support trading on multiple instruments from various asset classes.
Multi-Asset Trading on MT5
MT5 gives online investors the option to trade on multiple asset classes ranging from forex (currency trading), Contracts for Difference (CFDs) for individual stocks (shares), stock indices, precious metals, energies and commodities.
Whether for beginner, more advanced or professional online traders, MT5 has opened up new perspectives to not just trade but also gain better visibility across different markets and different asset classes.
Moreover, in the 21st century, the ability for online investors to trade various financial assets from one account offers the benefit of strategic asset allocation (or asset management), with the primary aim to allocate the invested capital in several different assets and manage risk according to market volatility, as well as according to how those assets perform in the short or in the long run.
Advantages of MT5 in Online Trading
The multi-functionality of the MT5 platform includes powerful features, which were all developed with state-of-the-art technology and by keeping several major criteria in mind, the most important ones being the same second to none charting package, the possibilities and flexibility of automated trading (algorithmic trading) and now a diversity of markets supported.
For both beginner and professional traders MT5 ensures platform features and functionalities that are in line with the highest expectations of any online investor today. These include the variety of pending order types (buy limit, buy stop, sell limit, sell stop, buy stop limit, sell stop limit); a database that holds an unlimited number of trade positions that can be placed and the cutting-edge programming language MQL5 that allows traders to program their own trading robots and indicators customized to their individual trading preferences and choice of financial assets to trade on.
Mobile Trading on MT5
The MT5 suite comes with apps for both iOS and Android devices that offer full access to your account while on the go, with features including the unrivalled mobile chart plus technical analysis options with over 30 built-in indicators and 24 analytical objects.
