MT5 may not be as popular as MT4, but you can also get an unparalleled advantage from Forex brokers that support MT5。

Whether you are a beginner or a professional trader, you must have heard of MetaTrader 4 (MT4) because it is popular with traders around the world and, arguably, has set the standard for the Forex industry to some extent.。

Five years later, MT4's parent company, MetaQuotes Inc..Launched a new platform called MetaTrader 5 (MT5), the upgraded platform provides a more complete and practical trading experience。MT5 may not be positioned as a major platform by most forex brokers, but the number of trading firms backing the platform is growing dramatically。In addition, the offer of the MT5 platform demonstrates the broker's commitment to providing traders with more advanced technology。

If you want to use MT5, here are some brokers to choose from:

1. IC Markets: Raw spreads on MT5
   FBS: Cent account available on MT5
   InstaForex: available on various devices
   XM: Low spreads, rich trading tools
   Exness: small spread, fast execution
   RoboForex: 0 point spread on MT5
   Alpari: There are many types of accounts to choose from

Each of the above MT5 brokers offers special offers to their clients, so which broker has the best MT5 conditions?？

1. IC Markets

MT5 is one of the most prominent platforms in this broker。In addition to MT4, IC Markets has also launched the MetaTrader series, offering an option for traders who prefer to trade in a familiar environment.。

There are two types of accounts that support MT5: original spread accounts and standard accounts.。If traders give preference to trades with smaller spreads, they can opt for an original spread account, or choose to open a standard account to avoid charging trading commissions。

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IC Markets is a private company in International Capital Markets Pty Ltd..) an online forex brokerage company operated under。Traders under Australian jurisdiction offer trading services at IC Markets-AU, which is based in Australia and licensed by the Australian Securities and Investments Commission (ASIC).。

On the other hand, non-Australian traders who open accounts with the broker are under the Seychelles-basedIC Markets SEY registered and regulated by the Seychelles Financial Services Authority (SFSA)。This dual operation is the result of the Australian Securities and Investments Commission's relatively new rules, which prohibit its regulated brokers from providing trading services outside Australia.。

IC Markets is classified as an ECN broker offering clients MetaTrader 4, MetaTrader 5 and cTrader as platform trading options。The broker also follows market trends with cryptocurrencies as one of its products, enriching its already wide selection of trading assets, including currencies, indices, metals, energy, software, stocks and bonds.。

with other affectedThe minimum deposit for IC Markets is at a moderate level compared to ASIC-regulated brokers, as each customer has a deposit of $200。Market analysis materials are also regularly prepared for trading insights on the official website of IC Markets, proving their ability to provide traders with important content created specifically for the market experts they work for.。

For payment methods,IC Markets allows financing and withdrawals via wire transfers, credit cards, PayPal, Skrill, Neteller, FasaPay, UnionPay, and BitPay's Bitcoin。The more interesting aspect of the broker is its multiple base currencies, including the US dollar, Australian dollar, euro, British pound, Singapore dollar, New Zealand dollar, Japanese yen, Swiss franc, Hong Kong dollar and Canadian dollar。

因为IC Markets' trading technology is equipped with highly centralized servers and extremely low latency (especially on cTrader), and the broker is well known for its ability to host traders with special needs for high-frequency trading and order brushing。

Anyway,IC Markets is the right destination for active traders looking for well-regulated brokers。IC Markets is also flexible in terms of base currency and payment methods, which demonstrates their commitment to welcoming traders from outside their home countries.。By the end of 2019, IC Markets was offering websites in 18 international languages, including English, Korean, Indonesian, French, Spanish, Italian, Malay, German and Chinese.。

2. FBS

FBS is a well-known broker with branches in more than 197 countries and more than 13 million traders worldwide.。The broker has been growing since its inception in 2009, with no less than 7,000 new clients and partners added every day.。

The MT5 trading platform in FBS is only available for Standard and Cent accounts。In addition, traders cannot trade cryptocurrencies through FBS's MT5 trading platform。For compatible devices, FBS provides access to MT5 for Windows, Android and iOS。

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Since 2009, FBS Holding Inc.(FBS) achievements in the field of foreign exchange transactions have been recognized by various international institutions.。As of 2019, the number of FBS clients reached 14 million, winning the most transparent Forex broker in 2018, the best investor education in 2017, the best customer service broker in Asia in 2016, the IB Forex program and many other titles.。

FBS is regulated by Belize IFSC and Cyprus CySEC。The broker is trusted by millions of traders and 370,000 partners from all countries.。According to the data, FBS has about 7,000 new trader and partner accounts every day.。And, 80% of customers will stay in FBS for a long time。

Trading products offered by FBS include Forex, CFD, Precious Metals and Equities。For Forex trading, CySEC-regulated FBS provides leverage of up to 1: 30 for cent accounts and standard accounts。Customers who want to try higher leverage can also register an account with FBS Belize。

In all types of accounts, the spread is from 1 point。Volume orders in standard accounts can be 0.01 to 500 lots, it is recommended that experienced traders use the account。

And on the cent account, bulk orders can be executed up to $500 breakups or the equivalent of 5 standard lots.。Cent accounts involve varying degrees of risk。FBS recommends cent accounts to beginners。All account types support the following trading instruments: 28 currency pairs and 2 metals。

Before entering the real Forex market, traders can practice using the FBS demo account, which is divided into two types, namely standard account and cent account。

Using the MetaTrader 4 and MetaTrader 5 platforms, FBS provides services on Windows and Mac, as well as Android and iOS mobile devices, providing traders with a trading experience at their fingertips, allowing traders to trade anytime, anywhere。

The MetaTrader platform also has a variety of key features, including the creation, purchase and use of Expert Advisors (EA) and scripts, one-click trading and embedded news, technical analysis tools, documentary other traders, hedging positions and VPS service support。

Another advantage of FBS is that customers who meet specific requirements receive a 100% deposit bonus and the deposit and withdrawal process is fast and convenient.。According to the customer, in addition to holidays, usually no more than 3-4 hours。

In order to increase the security of client funds, FBS also offers segregated accounts where 70 per cent of funds can be deposited with the client's bank; in addition, the margin is between 10 and 100 per cent.。If the trader loses funds in the course of trading but is insured, FBS will refund the trader's funds。

Traders have the opportunity to develop a side business when trading with FBS, i.e. as an economically recommended (IB) or affiliate。The commission provided by the FBS partner system is already at level 3, and traders can only earn additional income if they introduce new customers to FBS according to certain procedures。

Traders will also gain trading education experience at FBS。They have prepared a comprehensive foreign exchange course divided into 4 levels: beginner, beginner, intermediate and advanced。Traders can take courses that transform them from novice to professional, all materials are well structured。In addition, FBS offers a variety of forex analysis, webinars, forex news and daily market analysis that can be easily accessed on its website。

Traders can visit the official FBS website, which is available in multiple languages, including English, Dutch, Italian, French, Portuguese, Indonesian, Spanish, etc., and also provides live chat support 24 hours a day, 7 days a week。

In summary, FBS is a well-known broker among global retail traders。Due to flexible trading conditions, customers are able to use a variety of instruments for trading, low deposits, etc.。

3. InstaForex

InstaForex was originally founded in 2007 and has more than 7 million customers worldwide.。Traders can choose from about 100 trading instruments, whether forex, CFDs or commodities, and can open a trading account with leverage ranging from 1: 1 to 1: 1000 by depositing at least $1.。Regarding the trading platform, InstaForex supports MT5 for Windows, Android and iOS。

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InstaForex is an international broker offering trading services to traders worldwide。Since its inception in 2007, InstaForex has served up to 7 million traders from various countries.。InstaForex, headquartered in Kaliningrad, Russia, is always committed to improving the quality of the company in order to attract the hearts of customers。

InstaForex's efforts are there for all to see, and one of them is winning various awards, including the 2018 Best Forex Cryptocurrency Trading Platform from the UK Forex Awards, the 2018 Best ECN Broker in Asia from IBM, the 2018 Eastern European Forex Broker of the Year Award from Lee, the 2016-2017 Financial Olympus Fonti Award, Development Award and Success Award, among others.。

InstaForex offers 4 types of accounts that represent a common trading tool that helps to operate on international financial markets, such as Insta.Standard, Insta.Eurica, Cent.Standard and Cent.Eurica。The type of trading account varies depending on the method of calculating spreads and commissions and is selected by the account opening trader。

Insta.Standard accounts are linked to standard trading terms on the Forex market and allow trade settlement using classic spreads with no fees。Traders are charged a fixed spread every time they make a trade, with a spread range of 3-7 points。The main advantage of this type of account is its versatility, as the trader can change the trading leverage and use the convenient trader's deposit size。

with Insta.Standard account is different, Insta.The Eurica account does not need to pay any spreads when opening positions.。Therefore, such InstaForex account is suitable for a minimum trading volume of 0.01 hands of a beginner trader。

InstaForex also has other types of accounts, namely Cent.Standard and Cent.Eurica, available for beginners because they can use the smallest trading volume, which is 0.0001 lots (cost per lot is 0.1 cent)。The deposit currencies available to traders are EUR and USD (for all types of accounts)。

Trading at InstaForex is taken for granted as traders can choose to trade with leverage between 1: 1 and 1: 1,000。Since the minimum initial deposit requirement is only $1 (for all types of accounts), InstaForex customers have the opportunity to receive a 30% to 100% deposit bonus。

Not only that, beginners will not be confused when determining a forex trading strategy because the ForexCopy service provided by Instaforex allows traders to copy orders from professional traders in just a few minutes。

In addition, InstaForex provides traders with about 300 trading tools, in addition to currency pairs, there are futures, stocks, gold, silver, CFDs, Bitcoin, etc.。

Every InstaForex client is free to choose the trading platform that suits their needs。There are four types of trading platforms available, including InstaBinary, WebIFX, MetaTrader4 and MetaTrader5, each with advantages and disadvantages。InstaForex also offers video tutorials on how to register on each platform with the aim of making it more convenient for beginner traders who want to join InstaForex。

If traders are still confused after watching the video tutorials, traders can reach out to customer service 24 hours online via various social media including email, Skype, Whatsapp, Telegram, Viber, Twitter and phone。About 30 languages are available on the InstaForex website to facilitate traders from different countries。

Traders can also use the trading calculator available on the InstaForex website to help themselves and can accumulate currency pairs, leverage, trading volume and currency used。

InstaForex also has a variety of payment systems, with traders paying for deposits via Visa, Mastercard, Skrill, Neteller, PayCo and wire transfers.。All in all, InstaForex is a comprehensive broker for many types of traders。

4. XM

XM, a broker established in 2009 under Trading Point Holdings Ltd, has so far been licensed by a number of top regulators, including the FCA and CySEC (Cyprus).。As we all know, the broker has a fairly low spread and a variety of trading tools, XM has a customer base of more than 1 million traders, provides services in more than 30 languages, and provides MT5 support for Windows, Android and iOS.。

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XM was founded in 2009 as a company called Trading Point of Financial Instruments Ltd..A member of an online brokerage firm。To serve customers worldwide, the company has split into XM Australia and XM Global, as well as XM Cyprus。Each member has a different head office and license, XM Australia is registered under the Australian Securities and Investments Commission (reference number: 443670), XM Worldwide is registered under the International Financial Services Commission (60 / 354 / TS / 19), and XM Cyprus is registered under the Cyprus Securities and Exchange Commission (reference number: 120 / 10).。

XM is one of the more experienced brokers in today's online forex trading world。Since its inception, the broker has undergone many changes, including the addition of an ultra-low account and webinar function, which supports 19 different languages with 35 local instructors in each language。

In terms of trading instruments,XM is known for its diversity of asset providers, ranging from Forex, commodities, CFDs for equity indices, precious metals, energy, to equities。XM prides itself on being the ideal broker to execute trades, providing a statistic that 99.35% of orders executed in less than a second。Trading at XM also offers a strict no-re-quote policy, no virtual trader plug-ins, no rejection of orders, real-time market execution, and the option for traders to place orders online or over the phone.。

在在Spreads across all major currency pairs can be as low as 0 in an Ultra-Low account.6 points, while the spread of other accounts usually starts at 1 point。XM chose to limit their leverage to a scale of 1: 888, rather than offering a maximum leverage of 1: 500 or 1: 1000 (whole numbers), a unique number now widely recognized as a trademark of XM.。

In order to protect the client's funds in the case of extreme volatility,XM provides negative balance protection for each type of account。Deposits for micro and standard accounts start at $5, while Ultra-Low accounts require a minimum deposit of $50。Traders who open an account at XM can get conditions similar to a penny account environment in a micro-account, where each lot has a contract size of only 1,000 units.。If you use the smallest number of lots on the MetaTrader platform, which is 0.01 lots, then the trader can trade only 10 units per trade。

For deposits,XM applies zero-fee deposits in most of its available payment methods。Traders can choose to deposit and withdraw money by wire transfer, credit card, and the most popular electronic payment options such as Skrill, Neteller, and FasaPay.。

XM also provides Islamic accounts for Muslim traders who comply with Sharia law that prohibits the use of interest-bearing overnight swaps for each currency pair.。In order to provide their customers with the best trading experience, XM has opened access to MT4 and MT5 platforms, each with more than 6 display formats (PC, Mac, Multiterminal, WebTrader, iPad, iPhone, Android and Android tablets).。

In general, there is no doubt,XM has gone global, with its deep commitment to providing trading services worldwide available in more than 15 languages.。In addition to simplifying the trader's experience through mainstream trading platforms and high-quality trade execution, XM is open to all types of traders, from small capital traders to preparing large deposits. More experienced traders.。Even a penny trading environment for traders if they choose to register under a micro account。

for their global approach,XM has ensured that traders from various countries can easily access their services.。This has resulted in different domain names for traders in specific jurisdictions。

5. Exness

Exness is a broker founded in 2008 and popular in all countries of the world.。In 2016, transactions totaled more than $253 billion due to small spreads and fast and accurate execution.。

With Exness MT5, traders can access a variety of financial instruments including currency pairs, commodities, indices, stocks and cryptocurrencies。The platform offers a user-friendly interface and customizable charts, indicators and analysis tools to help traders make informed trading decisions for all Exness trading account types。

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The choice of broker is adjusted according to the needs of each trader. If you only need the basic platform and trading functions with the best attributes, then Exness may be your best choice。

Exness with its 0 only.Advantages such as the low spread from 1 o'clock make up for the lack of changes in its functions, which is very suitable for traders using scalping strategies (Scalper)。Spreads for major currency pairs in some account types can also be as low as 0.0 point, depending on market conditions。

Not only that, traders can also enjoy other advantages such as automatic withdrawals。Exness will process most customer withdrawals immediately without manual inspection; however, depending on the payment provider or method selected, withdrawals may be restricted。

Exness is one of the STP / ECN brokers in Europe, and the safety of traders' funds is also guaranteed。Exness became the official partner of Real Madrid football team for 3 years from July 2017, which also proves that the company has a high degree of stability.。

Exness supports deposits and withdrawals 24 hours a day, 7 days a week。However, it should be noted that the Company does not assume any responsibility if there is a problem with the deposit or withdrawal due to the payment system.。

Traders don't need to worry about transaction fees when making deposits and withdrawals.。Exness does not charge traders any transaction fees, and the chosen payment provider may incur some fees。Exness offers traders a variety of payment methods, including wire transfers, bank cards, Neteller, Skrill and more。

Financial reports and metrics on the Exness website are audited quarterly by Deloitte, one of the world's top four accounting firms。

In addition, Exness is one of the most transparent brokers in the online trading industry, and traders can find all the information about the company on the website, such as trading volume, number of active customers, customer deposits, company funds, etc.。

Exness offers different platforms, including MetaTrader 4, MetaTrader 5, web and mobile platforms。This makes it easier for traders to trade on Exness because they can also access the Exness platform anytime, anywhere.。

Over the years, Exness has developed into a broker that attracts traders, who comply with financial regulations such as FCA and CySEC, further strengthening their trust.。

One measure of customer confidence is the volume of transactions。As of December 2018, the monthly trading volume of its clients reached $348.4 billion, with more than 50,342 active traders worldwide.。

With the programs offered by Exness, traders also have the opportunity to earn extra income by becoming their partner。By introducing the Broker (IB) program, partners can earn up to 33% spread commission from each new customer who registers。

Additional income from Exness Partners。Traders who register through the member link can earn up to 25% spread commission per trade.。

Customers can also use their free VPS hosting service when trading at Exness。VPS (Virtual Private Server) provides traders with greater reliability and stability because they can maintain their trading and expert advisors without interruption in the event of unexpected technical problems (such as Internet or power outages)。

In summary, Exness is a trader's favorite broker due to its low spreads and flexible account type, ideal for traders with limited funds but need more opportunities to maximize profits。The broker is also known for its maximum support for new and old partners.。

6. RoboForex

RoboForex was originally founded in 2008, but started operations in 2009.。Since then, the Cyprus-regulated broker has received various awards and achievements for its excellent service and high-quality performance.。

With RoboForex's MetaTrader 5, traders can trade anytime, anywhere, regardless of location or time, using any portable device。The platform supports netting and hedging, allowing traders to choose their preferred trading method, available for Windows, Android and iOS。

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RoboForex is known as one of the most committed brokers to the advancement of trading technology, with a wide range of services, from beginners to experienced traders who seek a complex trading environment with similar ECN spreads and execution。Founded in 2009 and headquartered in Belize, RoboForex is registered under the Belize IFSC and successfully attracts customers with a leverage ratio of up to 1: 2000.。

As for services for European traders, RoboForex operates exclusively a different brand called RoboMarkets, which is still a member of the head office (Robo Holding Company) and has an office in Cyprus.。The business is licensed by the Cyprus Securities and Exchange Commission (CySEC)。

RoboForex is committed to being at the forefront of high-tech forex brokers, offering a variety of trading platform options including MetaTrader 4, MetaTrader 5, cTrader, social platforms and its proprietary platforms。

Trading instruments range from currencies to metals, indices, energy, stocks, ETFs and cryptocurrencies。In addition to basic services, RoboForex trading also presents a series of unique features, such as the PAMM system and the social trading network developed under its own brand CopyFX, ETFs and stocks, with thousands of available trading assets, small spreads, and payment methods via Bitcoin and Ethereum.。

In addition to wire transfers and credit cards, RoboForex accepts payments through a surprising online gateway。Alternatives are Skrill, Neteller, FasaPay, UnionPay, WebMoney, Perfect Money, Qiwi and other similar online payments。

After opening an account, traders can start with a minimum deposit as low as $10 in a professional account。To be specific, here is a short description of each type of account a trader can choose in RoboForex:

Pro-Standard

• Minimum deposit: $10
  Spread: 1.From 3 o'clock
  Minimum order quantity: 0.01
  Leverage: up to 1: 2000

ECN-Pro

• Minimum deposit: $10
  Spread: from 0 o'clock
  Minimum order quantity: 0.01
  Leverage: up to 1: 300

Prime

• Minimum deposit: $5,000
  Spread: from 0 o'clock
  Minimum order quantity: 0.01
  Leverage: up to 1: 100

Pro-Cent

• Minimum deposit: $10
  Spread: 1.From 3 o'clock
  Minimum order quantity: 0.1
  Leverage: up to 1: 2000

R Trader

• Minimum deposit: $100
  Spread: 0.From $01
  Minimum order quantity: 1 stock
  Leverage: up to 1: 200 (during the trading session) and up to 1: 4 (after the trading session)

The R Trader account marks RoboForex's attempt to distinguish between forex and stock trading conditions。The platform used in this particular account appears to be an internal product of RoboForex, designed for online trading of stocks.。

Despite being an offshore regulatory entity, RoboForex is an outstanding broker。RoboForex not only successfully offers a variety of trading techniques, but also focuses on stock trading for more conservative traders.。However, it is also important to note that RoboForex is one of the few brokers that boldly offers extremely high leverage ratios of 1: 2000.。

7. Alpari

Alpari, one of the top brokers founded in 1998, received more than $1 trillion in deals in 2015 alone and is widely ranked as one of the pioneers of retail trading.。

The broker essentially combines quality service with a wide range of options。There are various types of accounts and different trading tools that can meet the needs of many traders。On top of that, Alpari supports MT5 with hedging, allowing traders to perform hedging strategies through an upgraded version of the MetaTrader platform.。

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Alpari International, one of the largest Forex brands, strives to ensure that traders make the best trading and investment decisions。Alpari was founded on December 24, 1998, by a small group of people who wanted to start a financial business in one of the most economically unstable years in Russian history.。

In 20 years of experience in the Forex industry, approximately 2 million traders have chosen Alpari as a broker to trade with.。Alpari is headquartered at 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Mauritius。The company is regulated in Saint Vincent and the Grenadines (license number 20389 IBC 2012), Belize IFSC (license number IFSC / 60 / 301 / TS / 18)。

The broker uses MetaTrader 4 and MetaTrader 5, both of which offer great flexibility, charting tools and an easy-to-use interface。To boost trading volumes, the company also offers the Alpari International Direct platform, which offers enhanced features for senior investors.。

The company offers a range of real trading accounts to choose from.。Each offers different opportunities and allows traders to trade in different ways。All their accounts use USD, EUR, GBP and NGN as base currency options。However, NGN accounts are only available to customers in Nigeria。

Each account has a different spread, with standard accounts offering spreads from 1.2, the spread of micro-accounts from 1.7, ECN accounts and professional accounts spread from 0.4。Traders can open an account in Alpari and choose to trade currencies (forex major currencies, forex minor currencies, forex exotic currencies and forex rubles), spot metals, spot commodities, stock trading, spot indices and cryptocurrencies。

Traders can know the minimum spreads, pips, swaps and trading time periods for each instrument before starting trading.。If traders are still not sure where to start, they can find the answer in the guide available on the official Alpari website。

Their trading guides are designed to break down terms and answer traders "most common questions。Traders will soon be able to trade faster and with more confidence。

Alpari also offers PAMM (Percentage Allocation Management Module), which allows traders to select the account manager they want.。This gives traders the opportunity to make more profit without advanced knowledge of forex trading, managers often have extensive market experience with tried and tested strategic trading decisions。

The program also offers experienced traders the opportunity to become forex master traders。As forex master traders, they can use their trading experience to earn more from profitable trades, have access to Alpari's premium projects and all the tools needed to train a large number of investors。Investors will then help forex master traders earn more with commissions of up to 40%。

Their website also offers a variety of forex trading strategies。In order to increase the chances of profit, it is important to know as much as possible about the market and the trading strategies behind it。Alpari believes that strategies provide traders with a roadmap for trading, reducing the panic decisions that can occur on the spur of the moment。In other words, trading at Alpari allows traders to understand any type of forex trading strategy。

For educational purposes, the company offers trading webinars, a variant of technology that allows users to host seminars, talk shows and discussions online without having to meet face-to-face.。

Alpari creates a very convenient money and withdrawal experience for every trader。Traders can transfer money by any means, such as electronic payments (e.g., FasaPay, local transfers, TC Payment, etc.), credit cards (Visa, Mastercard, and Maestro), e-wallets (Neteller, Skrill, VLOAD, TC Pay wallets, WebMoney, Perfectmoney, Bitcoin), and bank transfers。An inactivity fee of €5 / USD / GBP will be charged if there has been no trading activity in the trader's account for at least 6 months。

All background transfers are processed during standard business hours, Monday to Friday 03: 00 - 19: 00 GMT + 2 (GMT + 3 during daylight saving time)。If traders are still confused, they can contact Alpari's team by any means, such as live chat, telegram or email。

MT5 issues

In general, MT5 has more sophisticated technology and more complete software packages than MT4。MT5 uses the MQL5 programming language, while MT4 uses the MQL4 language。MT5 does not have backward compatibility, which means that MT4's programs will not be able to run on MT5, which is a challenge for traders who want to occasionally upgrade MQL4-based software。Therefore, many traders choose to continue using MT4。

Another major problem with MT5 is that it complies with the U.S. "No Hedging Rule," which requires U.S. forex brokers to trade under FIFO (first-in, first-out) rules.。This means that if a trader opens two positions in the same currency pair, they are prohibited from closing them at the same time。

MT4 allows hedging and recording each trade separately so that traders can manage their positions individually。However, the "no hedging" condition has been addressed by attaching a "hedging option," which can be attached to the platform if the broker allows the client to adopt a hedging strategy。

Advantages of MT5

Despite the problems that have caused MT5 to be less popular than MT4, the software has certain advantages worth considering。In fact, MetaQuotes Inc.MT5 was released in 2010 for good reason。MT5 is designed for a wider range of users. It is not only suitable for forex traders, but also for stock and commodity traders。

The launch of MT5 coincided with a boom in retail stocks and commodities, so the platform was designed to adapt to the market and appeal to a wider audience.。Therefore, MT5 is an excellent choice for diversified traders active in multiple markets。

In addition, compared with MT4, MT5 uses more advanced technology。First, it has better backtesting functions, you can test the programmed trading strategy faster; second, it allows simultaneous multi-currency pair backtesting, these functions are very useful for traders who need to perform multiple backtests during the trading period Helpful。

It also enables traders to execute orders using multiple accounts through multiple brokers.。Tracking market trends is easier with a wide range of technical indicators and analysis objects in MT5, which is also updated regularly to improve its performance。

Finally, MetaQuotes Inc.has been trying to steer its users and software developers towards MT5 for the past few years。In 2015, when the updates made to MT4 were only minor, and a few years later, the company decided to stop ordering new licenses for MT4, MetaQuotes may completely stop updating MT4 in the future。

Conclusion

When discussing choosing the best trading platform, you must first understand what you want and need in trading: a reliable and easy-to-use trading platform that does not lag and does not crash frequently, you can also weigh the pros and cons according to your goals and trading strategies。

For MT5, it is actually best for traders who emphasize advanced charts but don't mind MQL4 incompatibility。Therefore, if you meet these criteria, then MT5 may be the best choice。After all, some brokers have enabled the "Hedge Compatibility" feature on their MT5 platform to remove restrictions.。