As for new, over 15 trading solutions are operating in the FX market. The most popular among them are MetaTrader platforms. What are the key features of MT solutions?
MetaTrader: key features of the trading platform
There are dozens of different solutions that help to start cryptocurrency business. Developers of these systems combined years of experience and the best innovations in the industry. That’s why the MetaTrader trading platform is the most popular among FX brokers and traders. According to statistics, about 54% of brokers are using MT4 and MT5. What makes these solutions distinctive?
An in-depth learning of the developer’s background
The MetaQuotes Software Corp., which created the MetaTrader solution, was established in 2000. This company launched their most prominent product, MT4, in 2005. A first-class trading platform became all who thought on how to start a Forex business. Since that time, MetaTrader 4 has gotten many updates that make M4 safer and more secure.
Five years later, the MetaTrader 5 came into existence. Developers added features for trading on FX and stock markets. Meanwhile, the MT5 has got some new instruments. However, MT4 remains the most in-demand platform among newcomers and reliable brokers.
What are the working principles of the MetaTrader online trading platform?
The reason for the high demand for MT solutions is quite simple: they combine user-friendliness with top-notch features. Let’s learn the most valuable features of MetaTrader cryptocurrency exchange software?
- High-end solution for matching different strategies.
MetaTrader platforms include a wide variety of tools like pending orders, Stop-Loss and Take-Profit options, instant execution of orders, etc. This is the reason why traders choose the MT platform for applying testing trading strategies of any complexity.
- First-class tools for analytics.
Experts note that advanced analysis is a critical component of success. White Label trading platform has the analytic tools, indicators, chart modes and dozens of timeframes. All of them provide traders and investors with ample opportunity for an accurate price prediction.
- Compatibility with third-party options.
Newcomers are sceptical of the FX market because there are dozens of stories about failures on the Internet. With MT platforms, traders and investors can copy successful deals and benefit from them.
- Compatibility with smartphones.
The 4th and the 5th versions of MetaTrader can be exploited on Android- and iOS-based mobile devices. Traders can access first-class trading instruments for building a successful Forex career even on the go.
- MetaTrader Market.
This is a unique store where traders can get high-end trading robots, indicators and plugins. All buying operations are secure and transparent. In addition to paid options, traders can find some free features and options for commercial use.
Metatrader: how it works, and which option meets your demands?
The MetaQuotes Software Corp. offers two MetaTrader versions. Both of them are in-demand, but business owners have difficulty choosing the best version to integrate. On the one hand, MT4 has the broadest customer base, but MT5 has tools to work with different markets. Let’s learn the main differences more in detail:
- Programming languages: MQL4 (for MetaTrader 4) and MQL5 (for MetaTrader 5). The latter version has testing features for custom trading advisers.
- Timeframes. MT4 contains 9 different timeframes, while in MT5, their number more than doubled – 21.
- Inbuilt indicators. The 4th version of MetaTrader contains 30 tools. On the other side, MT5 includes 38 indicators and a powerful tool for creating new advisers and indicators called MetaEditor.
- Order types. In MT5, there are Buy Stop Limit and Sell Stop Limit orders.
- Available markets. MetaTrader 4 is compatible only with the Forex market, while the MT5 provides access to Crypto CFD, Forex, Commodities, Metals, etc.
Metatrader: how to use the White Label FX solution in the crypto market?
Digital coins are gaining momentum now; that’s why newcomer traders and investors try to find some features to help them succeed in the crypto market. MetaTrader platforms accept bitcoin payments so that traders can work with digital currencies. Besides, some differences are vital for all beginners.
MetaTrader crypto trading systems don’t offer direct crypto purchases. However, traders and investors can make CFD contracts for some crypto coins. That’s why a trader doesn’t hold digital currency.
Further, MetaTrader platforms are designed for margin trading so that spot crypto operations are unavailable. This is why both brokers and traders need to know all nuances of exploiting MetaTrader 4 and 5 for crypto deals.
What MetaTrader option to choose: regular license or White Label crypto exchange
Every newcomer brokerage company needs to exploit a trading platform. But there are some pitfalls during a company establishment and purchasing a license. MT 4 and 5 are the most popular platforms among traders. This is the best answer on how to start a crypto exchange and take the lead on the market. Such solutions provide comprehensive features but cost about $200,000. It’s a massive amount of money for a new company.
Fortunately, there are cheaper ways to skyrocket to the top of the FX market. Newcomers can leverage White Label cryptocurrency exchange software from a reliable company. In this case, a business owner gets the ready-made product with its own customization, which covers customers’ needs.
B2Broker provides MetaTrader 4 and 5 platforms to save money for further scaling of your business. Transparent conditions, reasonable pricing, complete implementation and branding of the chosen feature, and round-a-clock support — all of these will help you to succeed in the Forex market. Request a callback to get a perfect alternative for newcomer brokers.