Metatrader 5 Trading Platform & Best MT5 Forex Brokers 2023

MetaTrader 5 offers multi-asset trading for traders. Besides, it provides multiple opportunities for the brokers too. Usual brokers can convert themselves to MetaTrader 5 forex brokers, which can provide perfect solutions to expand brokerage service operations. Besides, MT5 can help start up a new brokerage business to organize a stock exchange, forex, and futures markets from the MT5 brokers account.

 

MetaTrader 5offers advanced trading functions with special tools for fundamental and technical analysis. However, it also helps automated trading through robots and trading signals. Also, it can be accessed from anywhere. We did thorough research on MT5; you will find the details about it below along with the MT5 brokers.

History of MetaTrader 5

As the MetaTrader 4 became popular, ‎Metaquotes Software Corp developed MT5 as a successor of MT4. They released MetaTrader 5 in 2010. Unlike MT4, which offers the only forex, MT5offers other markets too. It can connect the traders to different markets such as,

• The cryptocurrency that also includes Bitcoin
• Stock market including Dow Jones, S&P 500, NASDAQ, Dax 30
• Commodities such as gold
• Forex market
• CFDs

MT5 Trading Platform Features

The platform offers multiple features for the traders, which keep MT5asides from the crowd. The following are the top features.

• Trading System

MetaTrader 5 has a powerful and flexible trading system along with the market depth. Besides, it has a system to place orders and trades separately. Furthermore, MT5includes a hedging option system and a traditional netting system.

For the ease of ordering system, it has four different modes of exchange execution, request, instant, and market. Additionally, it included all types of trade orders, such as market, pending, and stop orders.

• Technical Analysis

Impressive analytical tools offer all in one concept that allows 100 charts of currency along with stock quotes. Furthermore, 21 timeframes give you a detailed analysis of all price movements. MT5 also provides 80+ technical indicators that can let you do the ultimate analysis.

However, apart from the built-in tools, you can choose from thousands of indicators from the Meta Trader marketplace. Besides, paid tools are also available in the market.

• Fundamental Analysis

It forecasts the price movements of financial instruments. It also monitors the various economic and industrial indicators. MetaTrader 5supplies all the fundamental data. You can get all the data right in the MT5platform through the international news agencies.

• Copy Trading Feature

In MetaTrader 5 forex brokers platform, you can subscribe to the successful traders and copy their trading signals. After that, the signal will get copied to your MT5 forex brokers account and trade automatically. Besides, you can monitor the signals and results from your account.

• Mobile Trading

You can get the MetaTrader 5 brokers to account without having a PC. You can now do regular trading from your mobile with MetaTrader 5, which is available for all mobile platforms, for example, iOS, Android, iPad, and tablets. It supports a full set of a trading platform like the desktop or laptop.

• Web Trading

MT5 brokers web trading provides the opportunity to trade from anywhere. You can access the MetaTrader 5 website from any browser on any operating system (windows, mac, Linux) and proceeds to the trading operation. A stable internet connection will get you all the features from a web browser.

• Algorithmic Trading

It is one of the great features from MetaTrader 5as it offers automated trading using forex trading robots, which are also known as expert advisors. Algorithmic trading does not need the physically logged in to the system. Besides, you have any successful trading strategy. You can command it to the robot, and it will complete it.

• Virtual Hosting

Virtual hosting (VPS) allows a trader to trade even when the computer is turned off. With the MT5 Forex Brokers account, a trader can trade remotely with through the forex VPS.

These features will be available for all the traders, whether you open the account on the MT5 website or through MetaTrader 5 forex brokers. 

MT5 Features for Forex Brokers

Besides the trader, MT5 offers a lot of opportunities for MetaTrader 5 brokers. However, these opportunities eventually help traders. Let’s get to know the MT5 broker’s features.

• Multi-Asset Trading Platform

MetaTrader 5 forex brokers can offer different asset classes to its trader, including forex and futures. So, with one MT5 trading account, a trader can perform trading for all types of assets. MT5 brokers platform’s ecosystem includes some impressive tools for the broker to provide service to the traders.

• White Level Programs

It allows any MetaTrader 5 brokers to expand the business through other financial organizations so that it can provide valuable services to the users.

• Strong Back-end

The Meta Trader software corporation offers multiple business models for MT5 forex brokers with the enhanced back end so that users can get all the benefits easily.

• Performance and Security

Faster architecture and security ensures the highest performance. These features complete the MT5as an efficient, fastest, and cost-effective forex trading platforms in the world. The data exchanges between the servers are encrypted, which ensures security.

However, to get all the features from a broker, you have to select a suitable broker from the MetaTrader5 broker’s list. We have listed all the best MetaTrader 5 brokers after researching based on the following criteria.

Criteria We Considered to make MetaTrader 5 Brokers List

• Before selecting MT5 brokers, the first thing we look at is its origin country’s regulations requirements. If the broker meets all the regulations, we shortlisted them.
• Then we check their deposit and withdrawal system and policy.
• Next, look for the minimum deposit they want.
• Finally, we consider MT5 forex brokers customer support system. Brokers with excellent customer service can get in the MetaTrader 5 brokers list.

These are the top criteria we choose while select MetaTrader 5 forex brokers.

Final Thought

Today, MetaTrader 5 is the best platform for the forex broker and traders. It is best, especially if you want to trade forex and futures from the same account. However, MetaTrader 5 forex brokers offer the entire MT5 features with some extra features.

Overall, to perform a complex trading strategy, you cannot get a better option than MetaTrader 5. Find out best forex broker ( ECN Brokers ).