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Additional FAQ
How should we rate brokers on their trading platforms?
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
Between MT5 and MT4, which trading platform is faster?
The MT5 platform is generally faster than the MT4 platform. The speed difference can be attributed to several factors, including the underlying code and backend architecture.
Continue Reading at Is MT5 Faster Than MT4? Here's What You Need to Know
MT5 is a trading platform that is also developed by MetaQuotes, is another online trading platform designed for trading various financial instruments, including forex, cryptocurrencies, stocks, indices, and metals. It offers more advanced technical features compared to MT4.
Continue Reading at Is MT5 Faster Than MT4? Here's What You Need to Know
Why is KYC important for fintech and trading platforms?
Because KYC mandates the verification of client information, such as full names, addresses, and personal details. Failure to comply with KYC can lead to severe legal and business consequences for brokers.
Continue Reading at Is KYC Important in Forex Trading?
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