For starting work on Forex, dealers need to create an account using the brokerage company website. Brokers offer their clients several trading terminals. MetaTrader 5 is very popular among various similar platforms. Experts attribute the high demand for MT5 to the presence of an intuitive interface and stable work.
To make business on Forex, it is recommended to choose trusted brokerage companies. Such brokers suggest qualitative and safe software. For MetaTrader 5 download, the merchants may visit, e.g. fbs.com. Using installation files from dubious platforms is fraught with damage to the computer by malware.
How is MT5 different from MT4?
MetaTrader 5 is a refinement of the 4th software release of the same name. The MT5 was launched in 2010. Thus, this software, as well as MT4, has succeeded in passing a long test of trading in real market conditions. Among the main differences between MetaTrader 5 and version 4 of the platform, they mark:
# Better check system — backtest stats have been expanded and the multi-currency feature has also been added to the MetaTrader 5 tester.
# Improved market depth function — it’s practically non-functional and seldom-used MT4 option. And within MT5, the function has become a full-fledged trading tool.
# More perfect technical analysis — there was an increase in the number of key indicators in MT5. And the MT4 users add the new indication elements manually. There are also 2 fresh pending orders known as Buy/Sell Stop Limit.
# Larger timeframes quantity — a number of atypical time intervals have been added to MT5. In MT4, the issue is fixed by installing an extra script.
Additionally, it’s important to notice the MetaTrader 5 order counting system. The clearing scheme has been appended to the platform. Thus, now only one order is shown on the diagram. That’s the average all active position value of one asset. For this reason, the merchants don’t have to follow a large transaction number.
Main MetaTrader 5 Advantages
The developer (MetaQuotes Software Corporation) suggests trading platform versions for PCs running Windows, Linux, and macOS. The terminal should be installed on a computer or laptop with the following minimum parameters:
# RAM – at least 256 MB;
# CPU – with a frequency of about 17 GHz or higher;
# Storage – at least 50 MB free drive space.
MT5 supports Internet Explorer, Opera, Firefox, Safari, as well as Chrome browsers. To get more information, the dealers can visit, for example, the FBS company website.
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MetaTrader 5 for Portable Devices
Traders can apply MT5 mobile versions. The developer released portable software for Android and iOS devices. However, the specialists recommend using the MT5 mobile version when the gadget is connected to a proven network. It’s better not to use public wireless connections for trading. Otherwise, the dealer’s account may be hacked.
Other MetaTrader 5 Benefits
The platform excels for its user-friendly interface. The latter produces fast access to the most significant trading options. So, the terminal is suitable for beginners and experienced traders. The downloading, as well as the installing of the software, takes a short time. In addition, the users notice an educational materials presence and qualitative customer support.
