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Both platforms are good, but they have their own purpose. Here are the differences between the two platforms:

  • MT4: Good for basic orders like stop orders and limit orders
  • MT5: Best if you need to adopt a strategy that needs more flexibility in setting the pending orders

Continue Reading at Comparison of Pending Orders in MT4 and MT5

While it shows the market conditions in-depth, it is not updated regularly. It is basically a snapshot of a certain moment in time. In addition to that, DoM is not available in all trading platforms.

Continue Reading at Your Simple Guide to Depth of Market

By default, there is no OCO Order installed on MetaTrader 4. To use the tool, one must download the OCO Order's plug-in and install it on the platform. The plug-in will allow the trader to place an OCO Order.

Many experienced traders pick up said add-on from a trustworthy source such as forex brokers' extra trading facilities. One example is Admiral Markets which equips its MetaTrader platforms with a special feature called the MetaTrader Supreme Edition (MTSE).

Continue Reading at OCO Order Strategy, How Does It Work?

Since forex brokers mainly offer online trading, it is crucial for them to have the latest technology. First and foremost, the trading platforms must be accessible and affordable for all traders. It is also a great idea to provide additional technical indicators and trading tools to help clients take their trades to the next level.

MetaTrader 4 and MetaTrader 5 are the most popular trading platforms at the moment. As such, many brokers are content with offering these two options. However, we should also note that these days, there are loads of other available trading platforms in the market. Some of them are entirely unique and offer innovative features that are often found absent on the more popular platforms. Therefore, providing a wider list of platforms can attract more clients, especially those who are looking for specific, advanced trading tools and analysis.

Continue Reading at 5 Things to Rate in Forex Brokers Quality


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