If you are looking into trading currencies, stocks, futures or any other assets online, you may quickly realise that the software is of a prime importance. Look at the trading software as you would look on a any tool that you need to use for some sort of an activity. Imagine driving from Mumbai to Pune. If you drive a 1.2 Volkswagen, you will surely arrive to your point of destination. However, driving a Mercedes S-klasse would get you there faster and in a more comfortable way. Hence, you should pick up the trading software accurately.
MetaTrader 4
Once you start browsing the latest Forex brokers reviews, you will find out that nearly every brokerage offers this trading platform to its traders. Yes, MT4 is the most popular FX trading platform in the world. It is also used for CFD trading, but that’s about it, the availability of the other markets is nearly impossible to find. Even though it is a dated software, it is very stable, hence it is certainly recommended if you want to trade currencies and CFDs.
MetaTrader 5
It is another software from the MetaQuotes Corp., a company behind MT4. Even though the platform is a renewed version of MT4, it hasn’t gotten much of the traction in the trading world. One of the most distinct advantages of MT5 is that it is a multi-asset platform that can include the price feeds of stocks, ETFs, futures and other financial instruments. In the end of 2016, MetaQuotes has made some substantial improvements, so MT5 is expected to become much more popular. If you are already experienced with MT4 but want to try out other markets, MT5 seems like a great choice.
cTrader
This is a state-of-the-art platform developed by Spotware company and integrated with over 20 brokers until now. Similar to MT4, most of the software adopters are coming from the FX and CFDs sectors. Nevertheless, the platform is much more intuitive, powerful and has a larger scope of useful features. It is especially useful for the ones looking to engage in algo trading, as the platform supports robots written in C#.
