MetaTrader 4 or 5 and the Tablet, PDA, and SmartPhone, FXCM Markets Metatrader 4 come in many different variations. This means that traders are able to trade from anywhere. There is no need for a computer/laptop with MetaTrader 4/5 and modem. Tablets PDAs SmartPhones have become more mobile and lightweight than desktops or laptops.
MetaTrader 4 electronic platform, developed by MetaQuote, is widely used. Forex traders use this to view forex realtime charts and quotes as well as manage accounts and access online markets. For easy forex trading, this type of trading platform is best suited for novices.
MetaTrader 5 has not been widely adopted by many traders. The software was created by MetaQuote. It is also available for download and installation on the website of the broker. It is more professional, and only professional forex trader can use it.
Please note: Both the MT4 and the MT5 platforms use MQL4/MQL5, a proprietary programming language that enables traders to design Expert Advisors as well as Custom Indicators, Scripts or other scripts.
PDAs, Tablets, and iPads also support the PDA platforms. This forex trading platform controls a trader’s trading account via gadgets like PDAs. Tablets. and iPad. Because these devices are so portable, they can access charts, prices and manage accounts from any location.