MetaTrader 4 vs MetaTrader 5
Make an Informed Choice
The phenomenon of modern trading is taking the world by storm.
The bull market in the United States markets doesn’t seem to be going anywhere and traders around the world are jumping in with both feet rather than testing the waters first. The same can be said about the Forex market where traders are finding communities and using the power of group think to determine price movements.
As retail traders are looking for a broker to help them navigate these waters, a key point to consider is the trading platform being offered and the differences between the two that are most commonly available – MetaTrader 4 and MetaTrader 5
MetaTrader 4The most popular platform that is currently available and widely used by brokers around the world, there’s no doubt that MetaTrader 4 offers everything a trader needs to execute their trades effectively. Here’s a list of MetaTrader 4’s greatest benefits.
MobileMobility is important for traders on the go. All of us don’t have the luxury of sitting in front of a computer and day trading throughout (even though you should never do that). The benefit here is any trades taken on your computer terminal can easily be managed and watched from your phone and the application is available on both iOS and Android devices.
SecurityWhen you put your hard earned money in a brokerage account, your expectation is that the funds are secure and that you’ll be able to execute your trades without the fear of excessive slippage. MetaTrader 4 integrates well with your broker and you can be certain that the exchange of information between the terminal and the servers is encrypted with 128-bit keys. The issue with MetaTrader 4 is the limitations in order entry and the fact that the industry is slowly moving towards MetaTrader 5. At Dominion Markets, MetaTrader 5 is the platform of choice for a variety of reasons and technological advancement is one of them. However, if you want to learn more about MetaTrader 4, you can click here for more information.
MetaTrader 5As the industry shifts to MetaTrader 5, it is important for you to understand why. So much of the benefits lie underneath the hood, and the best parts of MetaTrader 4 are also available with MetaTrader 5. Below are several reasons why MetaTrader 5 is Dominion Markets platform of choice.
SpeedNo, this isn’t about execution speed. This is about how the platform and software affect the computer/device that you’re using. In the past, our computers were 32-bit systems and MetaTrader4 was originally designed for these types of devices. MetaTrader 5 is a full-fledged 64-bit platform with multi-threading for fast execution that doesn’t bloat your device and is optimized for resource allocation. As most devices being sold today are 64-bit, Dominion Markets is staying ahead of the curve to provide an exceptional trading experience to its clients.
Real-Time Volume DataMetaTrader 5 provides very similar functionality to that of Level 2 when trading stocks, showing the amount of volume that is being traded so you as a trader can make more informed decisions based on the data that you see. Not only is this beneficial to the retail trader, it also shows you real time information about where price could be headed. Combine this with technical and fundamental analysis and you can see profitability potentially increase within weeks. In the past, our computers were 32-bit systems and MetaTrader4 was originally designed for these types of devices. MetaTrader 5 is a full-fledged 64-bit platform with multi-threading for fast execution that doesn’t bloat your device and is optimized for resource allocation. As most devices being sold today are 64-bit, Dominion Markets is staying ahead of the curve to provide an exceptional trading experience to its clients.
ConclusionAt Dominion Markets, the combination of platform speed and real-time volume data make MetaTrader 5 the platform of choice. It’s technologically primed for future growth, provides traders with more tools and abilities to make informed decisions, and offers an economic calendar tab to follow through with fundamental news that affects movement in currency pairs. To learn more about MetaTrader 5, you can click here for more information.
If you’re interested in trading with Dominion Markets, you can go ahead and register for a trading account where we offer a variety of funding options and are a broker that is designed by traders, for traders. Thank you for reading, and we look forward to working with you soon.