MetaTrader 5 (MT5) facilitates online trading in forex, stocks, and futures. Rich analysis tools and indicators make it an excellent platform for experienced traders. Automated trading is also available through expert advisors and signals. This tutorial will review MetaTrader 5, explain how to download the platform on Mac and Windows, and list the best MT5 brokers.
IC Markets MT5 Review
IC Markets MT5 is available for download, The IC Markets MT5 platform is similar to MT4 forex trading platform. IC Markets provides clients access to the financial markets through the industry-leading MetaTrader 5 trading platform. The new platform is an updated and improved version of its predecessor which has long been the industry standard for traders around the world.
MetaTrader 5 is the all-in-one platform for trading forex, stocks, indices, bonds, cryptocurrencies and commodities. IC Markets Raw Pricing help to make it one of the most powerful trading platforms for active traders.
The MT5 platform is an updated and improved version of MT4 which still remains the industry standard for many traders around the world. MetaTrader 5 implements advanced charting technology coupled with sophisticated order management tools that can help you to monitor and control your positions quickly and efficiently. It is a powerful platform packed with an array of useful features aimed at improving your trading experience. MT5 is available on both of the IC Markets account types: Raw Pricing and Standard.
Raw Pricing Connectivity
Ultra-Fast Order Execution
No Restrictions on Trading
Level II Pricing – Market Depth
Spreads from 0.0 Pips
Automated Trading (EAs)
Built-in Technical & Fundamental Indicators
Desktop, web & mobile compatibility
Ic markets MT5 Vs MT4
MetaTrader 5 certainly isn’t as widely used as MetaTrader 4, but it still has a lot to offer. The key difference is that MetaTrader 5 is geared towards the advanced trader. MT5 offers 38 technical indicators while MT4 has 30. MT5 has 44 graphical objects to MT4’s 31. And MT5 has 21 timeframes while MT4 has nine.
MetaTrader 5 is also considered a multi-asset platform, whereas MetaTrader 4 is primarily used by forex traders. Finally, MetaTrader 5 has two market orders, six pending orders, plus two stop orders, whilst MT4 offers two market orders and four pending orders. But the price of MT5’s additional tools is that beginners and those looking for an uncomplicated platform might be deterred.
So when it comes to the choice of MetaTrader 5 or MetaTrader 4, consider your needs. MT5 is probably the best fit for advanced traders seeking a state-of-the-art platform, but MT4 will suffice for most.