It uses about three times more RAM than its predecessor. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. The two major differences have already been covered, but there are a number of others worth mentioning within any MT4 and MT5 comparison. The spreads offered by Dukascopy Europe are variable and pretty tight, averaged 0. The experiences traders make with Dukascopy are very positive. How a generic software could be so flexible and adapted as a custom software? The broker must offer the above and:
MT4 Vs JForex Let’s look at a comparison between MT4 and JForex on some of the key criteria for evaluating a trading platform: Popularity – MT4 comes out to be the clear winner as it is the most widely used trading platform and many brokerage firms provide MetaTrader platforms as a standard.
No more MT4 Back-testing! :o) Moving to a professional, C/Python Backtester for the F4 Framework
It will also help them do away with potential mistakes. Ninja Trader is another popular online trading platform available today. NT has some functions that are quite difficult to achieve with MetaTrader 4 or 5. However, it is a low-key platform compared to MetaTrader.
Many traders considered MT4 to be more user-friendly than NT. MetaTrader gets higher recognition than Ninja Trader based on its overall performance.
Choosing the right trading platform matters a lot. The most important thing is that the platform chosen should be a perfect match for the user. That platform continues to dominate the market because of its flexibility and its customized features. Furthermore, there are hundreds of expert advisors, custom indicators and other useful tools available for MetaTrader 4. When only few of them for other platforms.
All these advantages have been realized by many new and experienced traders. This is why they would rather stick with MetaTrader 4 trading platform. Share your thoughts in the comments. Our customers prefer MT4 simply because the amount of RAM it consumes compared to other platforms is much smaller. I also tried RTFX broker platform. It has a few advantages several orders windows open in the same time, news, automation… but MT4 is far more easy and complete.
A type of web based Mt 4 would be great, something that works on all platforms. If there was a trading tool that made winning too easy, the retail forex business model could be in shambles liquidity wise and end up in a retail vs retail exchange model like futures are. My belief is the so-so platforms make retail forex business more attractive to the bigger players.
I mean why would a bank or hedge fund want to be sellers to retail traders if the retail had same or better tools than them and were winning most of the time…. The question really is, if you are profitable with MT, would you be more profitable with something else?
MT4 is a much better and far much traders friendly platform than MT5, whatever they say they added to MT5 are nonsense if the execution functions are not acceptable to traders. The moment they do that, there will no longer be any way to protect Expert Advisors from decompilation. Most interestingly, MetaQuotes is soon going to be sued by a large group of investors and two major brokers for the recent changes to their software Build Your email address will not be published.
Leave this field empty. This is especially true for beginners. MT5 offers more advanced capabilities than MT4. This allows Forex traders to trade and conduct technical analysis all at once. The difference between them is how the charts appear on the user interface.
In fact, they see this feature as more of a waste of chart space. Unfortunately, major changes were made in the Fib for MetaTrader 5.
It actually made some users disappointed when they tried this tool in 5th version of MetaTrader. The Fib drawn in currency charts has changed so much that traders find it useless.
In any case, feel free to download Fibonacci tool for PC. Spreads are dynamic and are for informational purposes only. If a broker offers variable spreads this means that their spreads will vary depending on trading conditions. A stop loss is an order to sell a security when it reaches a certain price, and is designed to help traders manage risk.
Stop losses are not guaranteed. A limit order is an order to buy or sell a security at a specified price or better. Limit orders are not guaranteed. One-click trading is a feature that enables you to place market orders with just one click.
It can be particularly useful for news-event traders. A trailing stop is an order to buy or sell an instrument if it begins to move in an unfavourable direction. Unlike a standard stop loss, a trailing stop automatically adjusts to the current market price of the instrument. Trailing stop losses are not guaranteed. An expert advisor or 'EA' enables you to automatically copy the trades or follow the instructions of another trader. Direct market access or DMA is a service offered by some brokers that allows you to interact directly with an exchange's order book.
If a broker is a STP Straight Through Processing broker, this means that all orders you place are passed on directly to their liquidity providers. An ECN broker is a broker that uses electronic communications networks ECNs to provide its clients access to other participants in the markets. If a broker is a market maker this means that they will buy and sell securities from their clients at a profitable price.
Price alerts are a feature that allows you to trigger SMS or email notifications to yourself when an instrument reaches a specified price. If a broker allows signal trading this means that you can follow the instructions of other traders and engage in automated trading.
They serve customers in over countries and offer a wide range of instruments and platforms including both MT4 and MT5. Dukascopy allow you to trade both Forex and metals through the same platform. Dukascopy have focused on providing an attractive pricing model with spreads for popular forex pairs starting as low as 0. They provide instant execution on orders and offer a wide range of trading orders including stop-loss along with their 24 hour support 6 days a week.
Good AAA Our support rating is calculated as follows:
What is MT5?
Platform [b]OS: JFOREX - 1 vs MT4 - 0[/b] First of all, one of the things that led me to look for brokers that not use MT4 platform was the issue of the OS, as everyone knows MT4 only runs under Windows. About to open an account with DukusCopy / Molecule6 Which of these platforms should I use? JForex vs MT4 tia. Platforms: JForex, MT4 (via Bridge), ZuluTrade, WebTrader, Binary Trader, Tablet & Mobile apps Fixed spreads If a broker offers fixed spreads this means that their spreads will remain constant regardless of trading conditions.