MetaTrader is one of the most outstanding trading platforms that offer customers ample opportunities and benefits. The world is quite aware of the presence of Metatarder4 and its uses. But recently, its variation with much better features were introduced in the market is MetaTrader5. Some of the features offered by this platform include automated trading, intuitive designs, and tools for fundamental analysis.
Currently, it is being used mostly by Forex traders, but it also provides trading related to stocks and CFDs. This article highlights some of the best metatrader5 brokers in detail to help traders understand its right use.
Advantages of using Metatrader4
- 21 different time frames are available for analysis of short and long term fluctuations
- Consists of 80powerful tools for successful trading
- Users can develop trading robots and technical indications
- Enhanced encryption and security benefits
- Quick and easy interface
FP Markets: This was originally founded in 2005 and was regulated by ASIC offering several segregations for tier liquidity and client funds. FP Markets is a group that consists of First prudential markets ltd that is operated by the exchange commission and Cyprus securities. On this platform, you can also get a range of market analyses and education related to core trading analysis.
Customers operating this platform can also channel the use of telephones, live chat and email the whole day long. DMA trading and ECN prices are also available here within a limited pricing range.
Exness: The year of origin of Exness was back in 2008 and ever since then; it has been a customer favourite. This broker provides clients to trade in more than 200+ CFD instruments. These instruments include Indices, shares, metals, cryptocurrencies and Energies. The best part of this platform is that it offers customers free deposit and withdrawal amounts. Users also get to enjoy unlimited leverage and commission-free trading on this platform.
IC Markets: This platform falls under one of the true ECN brokers with an effective institutional liquidity grade. The service operation is also fast enough as it offers customers 24/7 support and benefit. Brokers both with proper experience and beginners can use this platform as it has been created in such a way. However, there are options to seek high volume trade through this platform as well. It consists of more than 500,000 trades each day with trading and scalpers.
Swissquote: This is an online Forex and derivative-based trading broker which offer a total trading package to go beyond CFD and Forex value. Many users are not aware but swissquote bank is a part of the group holdings. This platform started its operation back in 1996 and ever since then, it has been helping traders.
Swissquote is a multilingual portal that provides customers with 10 language spread. This helps customers from every field to accommodate varied trading opportunities due to no language barrier. Investor protection in this platform is extremely strong with added customer support and timely service needs.
BDSwiss: This platform came into existence a little later than the rest that is in 2012. Users here can trade using more than 250 financial CFD instruments. These include indices, equities, commodities, and cryptocurrencies.
If you are a beginner, you can take part in this platform and learn from the live education analysis by the broker. It also holds educational seminars and webinars from time to time with advanced courses. The best reason to go with this platform is that it can be used to trade both in MetaTrader4 and 5.
Why Should You Choose MetaTrader Broker?
MT5 is a great platform with intuitive designs and features that everyone prefers. Additionally, the software capabilities also ensure to keep MT5 much in popularity. But as there are so many brokers available online. It might become difficult to choose the one that is best for your need.
Some major key features to look out for when choosing MT5 brokers for better trading results are:
- Keep an eye on the regulations and analyse the regulation under which the broker has valued to safeguard losses if any
- Be sure to check up on data security as well
- Check the transaction costs as well for budgeting high or low pays
- Choose a broker who can offer a hassle-free deposit and withdrawal
- Customer service and its availability when in need
In conclusion, the metaTrader5 is truly a beneficial platform for the Forex digital market. The features of this platform make it one of a kind that can help every trader.