MetaTrader 5 is a trading platform – used by over 50 million traders worldwide – for trading Forex, stocks and futures.
But that’s not all, it’s also become a key tool for cryptocurrency traders and is increasingly becoming the platform of choice for crypto exchanges, including DRIVE Markets.
So why MetaTrader 5 (or MT5, as its friends call it)? To start with, it’s FIX compliant, can manage multiple asset classes, has applications for mobile and desktop, and makes use of trading algos and automated bots.
But wait, there’s more:
- Built-in market analysis tools: 30 technical indicators and 24 analytical objects
- Full-featured trading system with Market Depth and all types of trade execution
- Netting and hedging position accounting systems
- Full set of trade orders, including pending and stop-orders
- 3 chart types and 9 timeframes
- Built-in chat, financial news, alerts and push notifications
- Extended versions on tablet: iPad or Android
Bots, Algos & Indicators
MT5 grants you access to literally thousands of trading bots and automation scripts — including scalpers, martingale robots and neural networks — that can help maximize profits while minimizing manual input.
Each trading robot and indicator is provided with a detailed description and a free demo version. Before purchasing the full version, you can first download the demo and test the efficiency of the application in the Strategy Tester.
Renting a product is cheaper than purchasing a full version — so even start-up traders with limited capital can use the latest technology of algorithmic trading. Most sellers in the Market offer their applications for rent (usually between 1–12 months).
In addition to paid or rented products, traders can download free applications from the market. This is particularly useful for beginners who wish to further understand the principles of algorithmic trading and choose robots that best compliment their trading strategy.
The mobile application supports full set of trading functions, provides extensive analytical capabilities through the use of technical indicators and graphical objects, as well as allows you to monitor account status, view your trading history and more.
You can control your account, monitor the history of your trades, buy, sell and exchange with just one tap – allowing you to stay informed and conduct trade operations 24 hours a day.
If this sounds like the solution for you, we recommend learning more about the platform at the MetaTrader website, or if you want to dive in and start trading crypto with MT5 today, we recommend signing up at crypto exchange DRIVE Markets to begin trading immediately.