Learn more about global assets trading with MT4, MT5 and ActTrader, the world-class trading platforms offered by Fxview.

In today’s fast-paced and ever-changing world of trading, having access to a powerful and innovative trading platform is essential. Award-winning, technology-driven financial services company Fxview offers a range of advanced trading platforms to cater to different trading styles and preferences.

Choosing a trading platform

When it comes to trading platforms, many traders might be concerned about their complexities and ask questions like: What level of experience is required?

To answer this, Fxview provides user-friendly platforms for a broad range of trading experiences. Starting from newcomers and all the way to seasoned experts, Fxview traders have a choice of three popular, customizable trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5) and ActTrader.

How to choose between the three? Every trader has their own, unique financial goals and strategies. The following overviews and comparisons of each platform are intended assist traders to make an informed decision and find the proper fit for their trading journey.

MetaTrader 4: The trusted classic

MT4 is a widely recognized and preferred trading platform. It has been in the market for nearly two decades and is well known for its user-friendly interface and powerful analytical tools. Beyond those, MT4 has an extensive library of technical indicators and its Expert Advisor (EA) options.

Featuring nine global trading time frames, 30 default indicators and market execution for trading orders, MT4 is a popular choice for traders seeking to access international financial markets, including foreign exchange (forex), commodities and indices, all via a single platform.

One of the key advantages of MT4 is its compatibility with multiple operating systems (OS), including:

• Windows;
• Mac;
• Android;
• iOS; and
• Web Trader (web-based platform).

This wide OS compatibility means that traders can trade anytime (during market hours), anywhere and on any device that suits them. Whether their preference is to trade on a desktop, a laptop, a tablet or a mobile phone, MT4 offers seamless movement between devices and assists with identifying various trading opportunities.

Advanced charting capabilities

Another standout feature of MT4 is its advanced charting capabilities. The platform provides a wide range of chart types, time frames and customization options, and is compatible with the programming language MetaQuotes Language 4 (MQL4). These features can help traders to analyze market trends and make informed trading decisions.

Equally important for traders that prefer an automated approach to their strategies, MT4 supports automated trading through the use of Expert Advisors (EAs): preprogrammed trading strategies that can execute trades on a trader’s behalf based on predetermined criteria.

On top of all these features, the MT4 News Section is a 24-hour, five-day feed that streams market news, economic developments and company news directly into the platform interface, keeping traders fully informed about day-to-day changes that could affect asset prices.

MetaTrader 5: The next-gen trading platform

MT5 is the successor to MT4 and includes all the features above, but it also offers several enhancements and additional advantages.

Most notably, traders have the option to invest in stocks and cryptocurrencies alongside other instruments like forex, commodities and indices. This expanded range of tradable instruments can provide traders with opportunities to diversify their portfolios and explore different markets.

Other additional features in MT5 are:

• MT5 features 21 time frames compared to nine time frames in MT4.
• Six pending order types are available in MT5 versus the four offered in MT4.
• An Economic Calendar highlights more information about trading events.
• A Market Depth chart giving insights into the current state of demand and supply for trading instruments and their underlying assets.
• MT5 has 38 default indicators compared to MT4’s 30 default indicators.
• Like MT4, MT5 features the MQL4 programming language plus one more language: MQL5.

ActTrader: Order control, analysis strengths

The exceptional features of ActTrader include its advanced analytical charting capabilities, such as a suite of 48 default indicators and detachable Windows to make it easier to view charts. Furthermore, unlike MT4 and MT5, ActTrader supports visual algorithmic trading, enabling traders to take advantage of additional trading tools and strategies.

ActTrader offers a choice of forex, global indices, commodities and stocks. Key features like the Multi Account Manager, predefined Lot allocation and predefined Stop Loss/Take Profit for every symbol might fit traders seeking advanced order controls.

In terms of compatibility, ActTrader is available for Windows, iOS, Android and Web Trader across different devices.

What sets it apart:

• A user-friendly interface that ensures easy navigation and effortless customization;
• Boasts three distinctive interfaces: the Fx Voyager toolbar, Application Menu and Skins;
• A comprehensive range of indicators, from trend analysis tools like Moving Averages to oscillators such as the Relative Strength Index (RSI);
• Real-time data feeds that provide timely market insights; and
• Integration of advanced drawing tools like trend lines and Fibonacci retracement levels that simplifies intricate technical analyses.

What is the proper fit?

Each platform offers its own set of features and advantages, catering to different trading styles and preferences. Fxview ensures that traders have the option to choose a platform that can fit their needs and provide a personalized experience.

Finding the proper fit for a trader’s needs is instrumental for seeking market opportunities. So it’s worth it for traders to take the time to explore the features and capabilities of MT4, MT5 and ActTrader to see which one best matches their trading goals and preferences.

To start their trading journey with Fxview, traders can open an account directly on the website or try a demo account to familiarize themselves with the platforms.

To further inform their choice of trading platform, traders can refer to the user-friendly Platform Comparison Table on the Fxview website. This table provides a side-by-side comparison of MT4, MT5 and ActTrader, highlighting their key features and compatibility with different operating systems.

With Fxview's innovative and versatile trading platforms, traders have a personalized trading experience that empowers them to take advantage of the market.

Contracts for differences (CFDs) are complex instruments and come with a high risk of losing money rapidly due to leverage. An estimated 76.31 percent of retail client accounts lose money when trading CFDs, so traders should consider whether they understand how CFDs work and whether they can afford to take the high risk of losing their money.

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