The 5th-generation trading platform from MetaQuotes Software Corp is an improved version of MetaTrader 4. The developers have enhanced the terminal's interface and improved its productivity and performance. The platform's feature set has also been expanded.
MetaTrader 5 supports trading shares and options.
Two new types of pending orders have been added: Buy Stop Limit and Sell Stop Limit.
Now you can set additional conditions when trading on the stock market: Fill or Kill (FOK), Immediate or Kill (IOK).
The terminal supports Level 2 quotes, which make it possible to analyze market depth.
Now the development environment can be launched directly from the terminal, and new programs automatically appear in MetaTrader 5.
Several limitations of MQL4 have been eliminated in a new language and the number of functions and graphical objects has increased.
MT5 developers have taken away the ability to hedge forex positions.
All charts are created based on one-minute intervals, which allows up to 21 timeframes to be used simultaneously and the quotes history to be stored in a compact form.
This terminal is available for iPhone and mobile devices with the Android operating system. Please note that forex trading on real accounts is only possible using MetaTrader 4.