MetaTrader
MetaTrader is a popular trading platform used for online trading in the forex, CFDs, futures, and stock markets. It offers advanced charting tools, backtesting capabilities, algorithmic trading, Virtual Private Servers (VPS), and Expert Advisors (EAs).
forex
stocks
technical-analysis
charting
MetaTrader: Advanced Trading Platform for Forex, CFDs, Futures & Stocks
MetaTrader is a popular trading platform used for online trading in the forex, CFDs, futures, and stock markets. It offers advanced charting tools, backtesting capabilities, algorithmic trading, Virtual Private Servers (VPS), and Expert Advisors (EAs).
What is MetaTrader?
MetaTrader is a multi-asset trading platform developed by MetaQuotes Software for trading forex, stocks, futures, and CFDs. First released in 2005, MetaTrader has become one of the most widely-used retail trading platforms in the world due to its ease of use, customizable nature, and automated trading capabilities.
Key features of MetaTrader include:
- Advanced charting and technical analysis tools including a wide range of indicators and drawing tools
- The ability to develop, buy and sell Expert Advisors (EAs) and technical trading robots for algorithmic trading
- An embedded programming language called MQL for backtesting trading strategies
- Mobile and web trader platforms in addition to the desktop platform
- Virtual Private Servers (VPS) to enable uninterrupted automated trading
The platform comes in two main versions - MetaTrader 4 and the newer MetaTrader 5. MetaTrader 4 remains the most popular version due to its larger broker and community support. However, MetaTrader 5 provides more assets classes to trade and market depth.
Overall, MetaTrader is considered one of the best trading platforms for new and experienced retail traders alike due to its extensive functionality and active developer community expanding the software's capabilities.
MetaTrader Features
Features
- Advanced charting tools
- Algorithmic trading
- Backtesting capabilities
- Expert Advisors (EAs)
- Virtual Private Servers (VPS)
Pricing
- Free
- Subscription-Based
Pros
User-friendly interface
Wide range of technical indicators
Supports automated trading
Available on desktop, web, and mobile
Cons
Only works with brokers that support MetaTrader
Limited customization options
Less securities available compared to other platforms
Official Links
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