What is the MT5 Platform?
MT5 or MetaTrader 5 is one of the best liquidity trading services or multi-asset trading platforms all over the world that allows Forex, Futures, Indices, and Stocks trading. It also accepts cryptocurrency trading. MT5 trading platform is multiple solutions for traders to find all of the superior trading tools and price analysis charts. There are no nearest competitors for the MT5 or MT4 trading platform who can provide all of the trading facilities like MT5. Here we will try to explore all of the features of the MT5 platform.
Some incredible features are available in the MT5 platform; we highlight the most interesting parts here.
Two order accounting modes, Netting, and Hedging
There are no trading platforms available that offer two order accounting modes; only MT5 provides this opportunity to traders. In addition, traders are eligible to use netting and hedging modes together while using MT5. We know that hedging is used in forex trading, and netting is used for exchange markets.
MetaTrader 5 allows unlimited open charts where they are showing up to 100000 bars by default. This is the standard setting for any traders, but they can change it in the background if anyone wants to increase it. Not only unlimited bars, but a trader can also get access over 21 timeframes for free, and as a bonus, there always a one-minute history of quotes available for traders.
MetaTrader 5 platform is going more popular due to its built-in indicators. There are over 80 free technical trading indicators are available, which are completely free for its users. Also, there are a lot of analytical tools available for traders.
It's a secure service for traders where they can buy any trading tools and robots. Many professional trading tools and indicators are available in the MetaTrader market, which is more helpful than free tools. MetaTrader 5 users can access the market, and they can purchase any indicators, scripts, newly developed EA tools, and technical tools for advanced trading.
The popular software company MetaQuotesCorporation has developed the MT5 trading platform, and they have developed the software with different versions, including macOS, Windows, Linux. They have also developed software for mobile users; any iPhone user can download it from the apple store, android users can find it in the Google play store or any other app store.