MetaTrader 5 is another trading platform that was created by MetaQuotes and was launched in 2010. It particularly targets small institutional traders and retail traders as well.

For many years, its predecessor MetaTrader 4 has become the leading trading platform. Almost all brokers offer it to their clients.

Until MT5 was made available to the public. The newly released trading platform started to gain the attention of the traders.

This is not shocking as MT5 had improved capabilities and trading tools than MetaTrader 4.

5 Reasons To Choose MetaTrader 5 Among Other Trading Platforms

MetaTrader 5 Proves To Be A Multi-Asset Platform

When MT5 was created, the developers particularly considered the retail Forex. Because of that, it is more suitable for retail traders in stocks, commodities, and equities compared to MetaTrader 4 which is more focused on the Forex market.

Additionally, MT5 doesn’t require a Forex broker as an intermediary. Therefore, no conflict of interest could arise and the execution of trades becomes fair.

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MetaTrader 5 Provides Historical Data

Historical data is very important when it comes to doing technical analysis either through the use of tools or manually.

But in MetaTrader 4, you cannot retrieve your past data as historical data is not available in this trading platform.

But it is totally different when it comes to MT5. With this trading platform, you can download historical data easily.

MT5 is also equipped with a state-of-the-art chart which acts as data storage of the server, which includes granular minute charts.

All of these things together make up the ideal trading platform for traders, something that can provide great support for your investment decisions and trading algorithms as well.

MetaTrader 5 Offers Charts and Other Execution Types

MetaTrader 4 indeed allows its users to view previous price patterns coming from nine different charts and also use it with their algorithmic trading.

But the downside here is the limitation of MT4’s storage, which in turn creates a hurdle on algorithms performed by frequent traders.

But with MetaTrader 5, it has an amazing number of charts. MT4 only has 9 charts but MT5 has 21 charts.

As the number of bars allowable to get stored is significantly high. All these things help the clients download high-quality data even on their first log-in.

MetaTrader 5 Offers A Market Depth Function

One great feature of MT5 that’s missing in MetaTrader 4 is the Market Depth. When a trading platform has access to the market depth, they can get a better idea of the market activity.

Therefore, they can predict the execution prize from the size of the trade from that particular symbol.

MetaTrader 5 Processes Faster Orders

Since MT5 is built with 64-bit architecture, it enables you to work a lot better and the backtesting of trading algorithms is also a lot easier.

As for MT4, it only has a 32-bit architecture and only single-threaded, unlike MT5 which is multithreaded. It means that MT4 has a limit on the memory that can be utilized.

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