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MT5 is an advanced version of MT4, and MT5 provides more tools and benefits. The MT4 is only suitable for currency trading, whereas the MT5 is suitable for other trading methods as well.
Hello this is Gulshan Negi
Well, there are lots of platform where you can do trading. On the behalf of popularity and ranking I will recommend you to use anyone in between eToro and Plus500.
Thanks
Some popular trading platforms include MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, NinjaTrader, TradingView, Interactive Brokers (IBKR), and eToro. The best platform for you depends on your specific needs and preferences, so it's important to research and compare features, usability, and compatibility with your trading style.
It depends on your style of trading and if you are an experienced or beginner in trading. Most beginners start off with an MT4 because it is simpler to use compared to the MT5, and the MT4 is most suitable for currency trading, whereas the MT5 is an advanced platform that also includes stocks and CFDs trading.
The trading platform should be chosen based on trading methods and years of experience in forex trading. Because the MT4 is much simpler to use when compared to the MT5, even though it is an advanced version.
I still use the MT4 with my broker, FP Markets, because it is suitable for scalping and provides some of the best trading conditions and analysis.
Whether you are a novice or seasoned trader depends on your trading technique. Since the MT4 is easier to use than the MT5 and is best suited for currency trading, most novices begin with an MT4 rather than the more sophisticated MT5, which also allows for stock and CFD trading.
I am quite satisfied with the MT4 platform. It has sufficient functionality, good stability of operation and it is quite suitable for trading according to my trading strategy.
MT5 does offer more advanced features than MT4, but I still use MT4 so far, maybe one day when MT4 can no longer be used, I will use MT5. Apart from that, I also tried using the Ticktrader platform to access multiple markets in one account.
If you're looking for alternatives to MT4 and MT5 on iOS, popular trading platforms include cTrader, TradingView, and NinjaTrader. These platforms offer advanced charting tools, a user-friendly interface, and reliable performance, ensuring smooth trading experiences on your iPhone.
I've never tried cTrader or Ninjatrader because the broker I chose doesn't offer that platform option, on the other hand, Tradingview is a popular web platform with a variety of trading tools.
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