Unlike other brokers, Fxview does not only provide MetaTrader platforms. There's also another option called ActTrader. How does it compare to MT4 and MT5?
In trading, especially in the field of forex and shares, a strong trading platform cannot be substituted with anything else. Traders need fast and reliable execution platforms since they are reacting to quick price movements which makes them prone to losses.
This brings to mind Fxview, a Multi-Regulated Award Winning Forex Broker. This broker provides three standout platforms: MetaTrader4 (MT4), MetaTrader5 (MT5), and ActTrader.
Each of these platforms has its strengths and weaknesses. Now, how do you decide which platform suits you best?
We'll break down each Fxview trading platform and then compare them. Stick around to get the answer.
Fxview MetaTrader 4
One of the best platforms for trading forex and commodities is MetaTrader 4. It goes without saying that in 2023, there will be at least forty million users of it!
Fxview MetaTrader 4 offers trading instruments from forex pairs, global indices, or commodities. But, just a head up, you can't trade stocks here.
MT4 uses the regular server time and gives you 9 time frames to pick from — ranging from monthly to 1-minute time frame. When it comes to making trades, MT4 uses something called market execution and 4 types of pending orders (buy limit, sell limit, buy stop, and sell stop).
The smallest unit for trading is 0.01 lots for both forex and commodities, and the largest is up to 100 lots. If you're into indices, it starts at 1 lot and goes up to 100 lots. Surely, mixing the cool features of MT4 with Fxview's trading conditions makes for a strong and exciting trading experience.
Advanced Charting Capabilities
In terms of charting capabilities, Fxview MT4 is pretty straightforward. It has an easy-to-use layout with a special section for news feeds a 24/5 stream of market news, economic developments, and company news directly into the platform interface. But, just so you know, it doesn't have an economic calendar or fancy market depth.
If you're into using expert advisors (kind of like trading robots), MT4 lets you do that. Plus, you can hedge your trades, use 30 basic indicators, and 31 other tools.
And if you're curious about the language it speaks, it's called MQL4. MT4 works on Windows, MAC, Android, iOS, and Web Trader - so, pretty much anything!
Fxview MetaTrader 5
Fxview MetaTrader 5 is like the upgraded version of MetaTrader 4, but not as popular. It runs on a programming language called MQL5 and has more than 10 million people around the world using it.
With Fxview's MT5, you get a bunch of trading options - forex pairs, global indices, commodities, and stocks. Unlike MT4, it gives you 21 time frames to play with instead of just 9.
When you want to make trades, MT5 uses market execution, 6 types of pending orders, plus 2 more called stop-limit. The amount you trade is similar to MT4, starting at 0.01 lots to 100 lots for forex and commodities. For indices, it's 1 lot minimum and 100 lots maximum.
Apart from the news section, MT5 also throws in an economic calendar and market depth, making it better for keeping up with the latest. Plus, just like MT4, you can use expert advisors.
MT5 comes with 30 default indicators, more than what MT4 has, and a whopping 44 analytical objects.
Guess what? It works on everything - Windows, Mac, Android, iOS, and Web Trader. So, you can use it on pretty much anything you've got!
Fxview ActTrader
Fxview ActTrader might not be as famous as Metatrader 4 and 5, but it's good at looking at charts and handling orders. It comes with 48 default indicators and can do transactions super fast.
The special things in ActTrader include visual algorithmic trading, a multi-account manager, pre-set lot choices, and ready-made stop-loss/take-profit settings for every symbol. All these things make it easy for traders to do their deals quickly and right.
What's nice about ActTrader is that its screen is easy to use, you can move around easily, and you can change how it looks. It's good for beginners, with 3 different views - Fx Voyager toolbar, Application Menu, and Skins. And if you want to look at charts, you can pop them out in separate windows.
People who use this platform really like how it looks and how fast it can do things. Fxview ActTrader lets you trade in forex, global indices, and commodities. And just like with MT4 and MT5, you can use special helpers (expert advisors/EAs) and do hedging.
It also has the same level of trading volume as MT4 and MT5.
Platform Comparison
To help you easily compare the three platforms, we've put together a table of Fxview platform comparison below. Afterward, we'll provide a detailed explanation of the important differences.
Features | MT4 | MT5 | ActTrader |
💻User Interface | Single Interface | Single Interface | 3 Interfaces (Fx Voyager toolbar, Application Menu, Skins) |
Trading Instruments | Forex pairs, global indices, commodities | Forex pairs, global indices, commodities, stocks | Forex pairs, global indices, commodities |
🕘Time Frames | 9 | 21 | 11 |
🆗Execution | Market Execution | Market Execution | Market Execution |
⏳Pending order types | 4 | 6 | 4 |
🔧Default Indicators | 30 | 38 | 48 |
📊Analytical Objects | 31 | 44 | 18 |
Visual Algorithmic Trading | ❌ | ❌ | ✔️ |
💼Multi Account Manager | ❌ | ❌ | ✔️ |
🧩Detachable Windows | ❌ | ❌ | ✔️ |
👨💻Programming Language | ActFX | MQL4 | ActFX |
📰News Section | ✔️ | ✔️ | ✔️ |
❌ | ✔️ | ❌ | |
🔍Market Depth | ❌ | ✔️ | ❌ |
💱Hedging | ✔️ | ✔️ | ✔️ |
🤖EA Trading | ✔️ | ✔️ | ✔️ |
🔁Compatibility | Windows, Mac, Android, iOS, Web Trader | Windows, Mac, Android, iOS, Web Trader | Windows, Android, iOS, Web Trader |
Minimum-Maximum Lot Size |
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- User Interface: A simple interface is available on MT4 and MT5. On the other hand, ActTrader distinguishes itself by offering three interfaces. The flexibility of this variation enables users to build interfaces with their tastes that make it comfortable for traders.
- Trading Instruments: Standard forex pairs, global indices, and commodities are supported by all three platforms in Fxview. On the other hand, MT5 has taken the extra step of incorporating stock trading. As such, MT5 could be better for traders who want to have a bit broader diversified list of assets, especially some equities.
- Time Frames: MT5 has 21 time frames so there are more opportunities for analyzing market fluctuations. Meanwhile, ActTrader has only 11 time frames. It balances both the simplicity of MT4 and the complexity of MT5.
- Execution and Order Types: MT5 is the winner with 6 pending order types, allowing traders to execute varied strategic options.
- Indicators and Analytical Objects: MT5 has the largest number of default indicators (38) and analytical objects (44). Traders who depend mostly on technical analysis will find a larger selection of instruments in MT5 more helpful.
- Visual Algorithmic Trading and Advanced Features: In terms of visual algorithmic trading, ActTrader is the front-runner, thus providing a friendlier atmosphere for traders aiming at algorithmic methods. Other great features of the platform include; Multi Account Manager and Detachable Windows which are mainly suited for professional traders looking to manage several accounts concurrently.
- News Section, Economic Calendar, and Market Depth: Only MT5 provides useful tools such as the Economic Calendar and Market Depth in addition to the important New Section. Such features are likely to be invaluable for traders who base themselves on fundamental analysis in making decisions.
- Hedging and EA Trading: All three platforms support hedging and EA (Expert Advisor) trading, ensuring flexibility for traders implementing various strategies.
- Compatibility: All platforms offer broad compatibility across different operating systems, including Windows, Mac, Android, iOS, and Web Trader.
Fxview Trading Platform: Which One is Better?
To figure out which could be the best option in this Fxview platform guide, consider three important things:
- How easy it is to use,
- the quality of trading, and
- whether the platform is available.
Out of these, ActTrader is a better choice for both new and experienced traders. It has a great interface, solid trading conditions, and it's pretty quick.
The only downside to ActTrader is that not all brokers offer it, unlike MT4 and MT5 which almost every broker has. But if you're using Fxview, I suggest going for ActTrader.
Fxview is a brokerage brand with 13 years of experience and counting. They have provided technology to some of the notable listed and unlisted financial services entities across the globe, as well as catered to a few million clients in over 180 countries. The company is regulated by the CySEC and the FSCA.
10 Comments
Dec 24 2023
Good morning! After checking out this article, I couldn't resist the temptation to give ActTrader a spin. Eager to explore its features, I navigated to the official FXview website, where I proceeded to download ActTrader and seamlessly install it onto my computer.
However, to be transparent, my firsthand encounter with ActTrader didn't quite align with the positive sentiments expressed in the article. The user interface left me somewhat underwhelmed, exhibiting a certain rigidity that became particularly noticeable when attempting to incorporate additional indicators. Furthermore, the screen real estate felt a bit constrained, hindering the overall user experience. Despite these observations, I must commend ActTrader for its remarkably swift response times.
Has anyone else tried ActTrader and had a similar experience, or is it just me?
I also find myself pondering the reasons behind ActTrader's seemingly lower popularity compared to stalwarts like MT4 and MT5, and how it fares against the likes of cTrader. If ActTrader indeed boasts impressive features, what factors contribute to its comparatively lesser-known status? Thanks to anyone who can shed light on this.
Dec 27 2023
Good morning! It's awesome that you are sharing your experience with ActTrader. It matters a lot and we appreciate it. People's enjoyment can change a lot based on what they like and how they trade.
I had a good experience with the ActTrader trading platform. I think it's easier to use than MT4 or MT5.
As for the popularity of ActTrader compared to MT4, MT5, and cTrader, there are several factors to consider:
1. Established Reputation: MT4 and MT5 have been here for a longer time, they've made lots of users. People like them because they are always dependable. That's why many people use them.
2. Features and Functionality: While MT4 is simpler and only for forex trading, MT5 adds more kinds of markets like stocks, metals, and international indexes. On the other hand, cTrader focuses on a simple design and has useful features like getting straight to markets between banks. It also gives good tools for testing algotrading strategies effectively.
3. Programming Language: MT4 and MT5 use MQL4 for keeping things organized, while cTrader uses the well-known C# language to control trading.
4. Ecosystem: MT4 has more resources, indicators, and Expert Advisors to use. MT5 is becoming more popular, but it still has less stuff compared to MT4. But cTrader, even though not as famous, is growing and getting traders who are looking for something different.
ActTrader is better because of its amazing tech tools, easy changes, and user-friendly screens. However, it may not be as famous due to these points. But, it's becoming popular with shop traders and has 1.85 million retail traders as users.
Dec 24 2023
Hi there! The article got me interested in trying out ActTrader. Just to give you some background, I'm a beginner trader currently using MT4. I tend to switch indicators a lot to find a comfortable trading strategy. My trading journey involves a fair amount of experimentation with different indicators as I strive to find a strategy that resonates with my style and comfort.
MT4 has 30 default indicators, while ActTrader offers a whopping 80. The sheer abundance of indicators has caught my attention, particularly because I rely on them to bolster my confidence in trading decisions. I'm eager to delve deeper into the specifics. Could you provide a more detailed breakdown of the available indicators and shed some light on their individual functions and applications? This additional information will be instrumental in helping me weigh the option of transitioning to ActTrader or maintaining my current stance with MT4.
Additionally, I'm keen to hear firsthand experiences from those who have directly engaged with ActTrader. How was your journey with the platform? Sharing your anecdotes would not only be insightful but also foster a collaborative learning environment. Looking forward to hearing your stories! Thanksss!
Dec 26 2023
Hello! It's great to hear about your interest in ActTrader. ActTrader provides 80 indicators that can assist traders in analyzing market trends, identifying potential entry and exit points, and making informed trading decisions. These indicators cover various aspects of technical analysis, including trend analysis, volatility measurement, momentum, and volume analysis.
While it is not possible to provide an exhaustive list of all the ActTrader indicators, here are some commonly used ones:
1. Moving averages: Moving averages help smooth out price data and identify trends by calculating the average price over a specified period. They can be used to determine the direction of the trend and potential support and resistance levels.
2. Bollinger Bands: Bollinger Bands consist of a moving average and two standard deviation bands. They help traders identify periods of high or low volatility and potential price reversals.
3. RSI: RSI is a momentum oscillator that measures the speed and change of price movements. It can indicate overbought or oversold conditions in the market.
4. MACD: MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a security's price. It helps identify potential trend reversals and generate buy or sell signals.
5. Stochastic Oscillator: The Stochastic Oscillator is a momentum indicator that compares a security's closing price to its price range over a specified period. It helps identify overbought or oversold conditions and potential trend reversals.
6. Fibonacci retracement: Fibonacci retracement levels are horizontal lines that indicate potential support and resistance levels based on the Fibonacci sequence. Traders use these levels to identify potential entry or exit points.
7. Volume indicators: ActTrader offers various volume indicators that help traders analyze the trading volume of a security. Volume indicators can provide insights into the strength of a price move and potential trend reversals.
8. Candle Body Alert: The indicator calculates the size of a candle and notifies a trader when it reaches the predefined value. There is an option to calculate full candle size (candle body plus shadows) by checking the Include Shadows checkbox (by default only candle body is taken into account).
9. Market Status: This indicator Displays the current Market Status. Parameter Values for the Market are UK, US, and Tokyo.
10. Chaikin Volatility: The Chaikin Volatility Indicator evaluates the dynamics of the difference between the high and low rates. It estimates the market volatility by measuring the gap between the minimum and maximum.
These are just a few examples of the indicators available on ActTrader. Speaking from experience, ActTrader's user-friendly interface, advanced trading tools, and top-notch customer support have made my trading experience smooth and efficient. I also appreciate the platform's extensive selection of technical analysis tools, resizable charts, and real-time market data.
Dec 25 2023
As a novice trader testing out ActTrader, I've had a pretty good experience. I find its interface appealing, and the execution speed is impressive. Plus, having access to a demo account allows for a risk-free trial.
However, it's a bit of a downer that ActTrader is not universally offered by all forex brokers. This limitation is somewhat disappointing because, in my estimation, more widespread availability of this platform could position it as a formidable competitor to the established MetaTrader 4 and 5.
It would be helpful if the author could share information on brokers, aside from FXview, that provide the ActTrader trading platform. This information could be invaluable for both myself and fellow traders who might be interested in experimenting with ActTrader through different brokers.
Oh, and by the way, does FXview have bonuses, like a welcome bonus? Bonuses like these would be quite enticing, making it a win-win situation. Hehehehe
Dec 29 2023
It's good to know you like using ActTrader and are excited about looking for other brokers that provide this system. ActTrader is a good platform with many options that fit various trading styles.
There are many brokers that offer the ActTrader program, providing different choices for people. Here are some of them:
1. FXPlayer
2. AvaTrade
4. Divisa Capital
4. Capital Street FX
5. GCI
6. Hirose
7. Xtrade Broker
8. HYCM Broker
9. LonghornFX
10. FXPlayer
11. Hankotrade
It's important to know that how simple or hard ActTrader is can change depending on the business and location.
For bonuses, FXview gives a big welcome bonus. They provide a 100% bonus plan for your first deposit. For every dollar you put in, FXview will add the same amount to your trading account. This can help you manage your dangers better by allowing bigger trades. But, we need to always read and know what the rules are about any bonus plan.
Remember, the best place for you later will be based on your own trading style and how okay you feel with it. I hope this knowledge helps you in your buying and selling adventure! 😊
Dec 26 2023
In the article mentioned earlier, MT5 emerges as a superior option compared to MT4 and ActTrader, primarily owing to its more extensive array of pending order types. Notably, MT5 boasts six distinct order types: sell limit, buy limit, sell stop, buy stop, buy stop-limit, and sell stop-limit. I'm familiar with the concepts of sell/buy limit and sell/buy stop since I've used them in my trading account.
However, I'm a bit unclear about buy stop-limit and sell stop-limit. Could you please provide a comprehensive explanation to enhance my understanding of the nuances associated with buy stop-limit and sell stop-limit orders? Your insights are greatly appreciated! Thank you!
Dec 28 2023
Of course, I can tell you about buy stop-limit and sell stop-limit orders.
Buy Stop-Limit Order: A buy stop-limit order is like telling the broker to start buying when a certain price is reached. Here's how it works:
1. You set a price limit higher than the current cost of the stock.
2. If the stock reaches your stop price, it makes a buy limit order happen.
3. You can only buy stocks at the price you set or less. This keeps you from paying too much by setting a low and high price limit.
Sell Stop-Limit Order: A sell stop-limit order is usually used when a trader wants to reduce their losses or save profit on something they own. Here's how it works:
1. You set a limit price lower than the stock's current value.
2. If the stock price drops to your stop amount, it causes a sell limit order.
3. Shares will only be sold for a price equal to or more than your limit. This makes sure you won't sell the shares for a price lower than what you want.
Both times, the stop-limit order turns into a buy or sell limit price order when the stop cost is reached. It's essential to remember that stop-limit orders don't promise your trade will go through. If the cost of the security falls fast or there's a break in buying and selling, your order might not be done at the right limit price. It could fail all together too. This might cause a loss of money if the right prices aren't aimed for.
I hope this helps!
Dec 26 2023
I've recently taken the opportunity to experiment with Fxview's ActTrader platform. While I find it quite compelling and fascinating, there's a particular aspect about it that gives me some pause, causing me to deliberate and mull things over. It's about the EA/robots.
In my trading journey, I've been employing two distinct methods when operating on the MetaTrader 4 (MT4) platform. One of these is manual trading, where I personally analyze and execute trades based on my understanding of the market. The other method involves the use of automated systems or robots, also known as EAs. These EAs automate the trading process, executing trades based on pre-set criteria and algorithms.
The challenge arises because MT4 robots are programmed in MQL4, while ActTrader uses the ActFX language. This difference in programming language poses a significant challenge when trying to transition from one platform to the other.
I'm curious to know if there's a specific feature or a tool available within ActTrader that could facilitate this kind of transition. Are there any existing resources or systems in place that can aid in the transfer and adaptation of these EAs from MQL4 to ActFX?
Additionally, I'm curious about whether ActTrader has any risk management tools or any extra features. When I was using MT4, I had to rely on externally installed scripts to manage risk.
Dec 29 2023
Certainly! About your question how to move EAs from MQL4 to ActFX, there is a helpful tool in ActTrader called the "MQL4 To ACTFX Converter". It helps with this task. This tool is made to simplify the work of changing strategies from MQL4 language into ActFX programming language. It's a good thing for people who know MQL4 and want to keep using their old Expert Advisors on the ActTrader system.
But, it's important to know that the change might not be perfect because there are natural differences between both computer languages. It's a good idea to check and fix the changed code carefully so it works well in ActTrader.
ActTrader does more than most risk management tools. It gives traders lots of helpful features to manage their trades well. Here are some notable ones:
1. Amount-based trading: This tool makes it easier to figure out the value of a lot. It shows trades in amounts and removes extra complications, making things simpler.
2. Advanced Risk Management Tools: ActTrader helps with risk numbers for your trades, changing big amounts into smaller ones to make risk checking more accurate.
3. Advanced Profile: People can easily handle their profiles, switching between Beginner and Advanced settings. The better version has a special risk exposure part that shows possible gain and loss for one certain situation in terms of Notional value.
4. One-Click Trading: With this new feature, you can start any kind of trade right from the charts with just one click. This makes trading easier and faster.
5. Default Order Range: This protection stops traders from making orders that go beyond a set size, helping to lower risk.
These parts should give a strong way to manage risk for your trading actions on the ActTrader platform. I hope this information helps!