A free trading hub
MetaTrader 5 — Forex, Stocks is a free finance app that empowers you to trade in various markets. Developed by MetaQuotes Software Corp., this institutional multi-asset platform is great for browsing Forex and Stock markets, allowing you to work anywhere in the world and on any device.
MetaTrader 5 offers technical analysis tools, automated trading systems, and copy trading. It functions as your all-in-one trading hub — however, it does not provide financial services or access to MetaTrader 5 platform servers and databases managed by financial companies. You also need to be cautious with trading despite the automated features you can use.
Trade anywhere
MetaTrader 5 — Forex, Stocks focuses on comfort and a multi-functional interface. You can choose to use either a demo account for trading or start using your own brokerage account. Available for Android devices, this finance program enables you to trade 24/7. It has real-time quotes of Forex, CFD, Futures, Options, and stock markets, letting you keep an eye on the charts as they continuously fluctuate at any given time of the day.
However, as previously mentioned, you need to enter into a separate agreement with a financial company — or broker — that has installed the server component of the trading platform if you want to trade using real money. The developer MetaQuotes is a software company and does not provide financial services, nor does it have access to platform servers and databases managed by financial companies. What this app provides instead is a roster of robust features that can help you make informed trading decisions.
A host of advanced features
You can switch quickly between financial instruments on the charts, customize their color schemes, and easily see the trade levels, and SL and TP values with MetaTrader 5. For orders, you get a full set of trade orders and pending orders. Unfortunately, the ability to open charts by swiping on currency pairs is no longer available. However, you can still do all types of trade execution and see your full detailed online trading history. You can also access level II prices with up to 32 quotes.
In addition, the trading platform’s advanced features include sound notifications, a built-in market for trading robots, trading signals, a Virtual Hosting service, free financial news, and its MQL5.community chat support. If you want to analyze the data, this platform has interactive real-time Forex and Stock charts — with zoom and scroll, although the mobile version’s vertical mode skews the charts — 30 technical indicators, 24 analytical objects, 9 timeframes, and 3 types of charts. While its reliability is hit-and-miss at times, it does offer versatile tools at your disposal.
Handy tool for pro and newbie traders alike
Overall, MetaTrader 5 — Forex, Stocks is a powerful, multi-functional app covering a variety of trading opportunities across different markets. Equipped with comprehensive technical analysis tools, automated trading systems, and copy trading, it is a robust platform for both Forex and Stock markets. Despite not providing financial services, the app allows users to make informed trading decisions aided by its advanced features, including real-time market quotes, trading signals, a built-in market for trading robots, and a Virtual Hosting service.
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