MetaTrader 5, mobile trading application
MetaTrader is undoubtedly a mature, fully advanced product for mobile devices, which is the latest installment of the well-known MetaTrader, owned by MetaQuotes. It allows, among other things, to open opposing positions and immediately modify orders. The application also allows for simultaneous work on up to 100 charts.
What is the mobile version of MetaTrader used for?
The MetaTrader 5 mobile application was developed to enable online trading in Forex and stock markets. It allows you to trade financial instruments such as CFDs, Forex or Futures and Options anywhere in the world. All you have to do is install the application on your smartphone to see how innovative it is.
Using this app, users can trade and view the history of their trades, connect to broker’s servers, monitor currency quotes and stock prices on an ongoing basis and have access to the macroeconomic calendar. It is worth knowing that the handling of transactions here is fully compliant with the latest regulatory requirements. Another important information is that the use of MetaTrader 5 is free of charge.
What is the difference between MetaTrader 5 and MetaTrader 4 in mobile version?
Many people who have used MetaTrader 4 so far are wondering if it is a good idea to install a newer version of the software. It is good to know that MetaQuotes, a company that is a leader in the financial software market, has decided to create a more modern product, better adapted to STP and CPN models. That is why the MetaTrader 5 mobile application offers innovative ways of handling orders and more analytical tools.
First, it should be stressed that the MetaTrader 5 mobile application is an improved version of MetaTrader 4, which has been and still is appreciated by many users. Especially those at the beginning of their trading adventure appreciate the advantages of MetaTrader 4. However, most experts interested in more complex strategies choose MetaTrader 5. Apart from the new features, which can be really much appreciated, it is simply faster, more convenient to use and with better graphics. The newer version of MetaTrader, as already mentioned, has been adapted to the STP and CPN models and has received an extended number of technical analysis indicators and a multi-threaded strategy tester.
It is believed that tools displaying market depth and trading volume and many time intervals are the biggest advantages of MetaTrader 5. It is also noteworthy that the newer application uses a programming language that allows you to program your own trading systems. It cannot be omitted that MetaTrader 5, in contrast to its older version, allows you to trade contracts for shares from world exchanges.
MetaTrader 5 in mobile version, i.e. advanced trading
If you want to make your work easier and want a product that works really fast and has advanced analytical tools, you will definitely benefit from installing MetaTrader 5 on your smartphone.