The most people may be no stranger to MetaTrader 4 or MetaTrader 5 when looking for investment information, but many people may just not hear too much about it or even misunderstand it as a fraud platform, the following introduction to Meta Trader…
Introduction to MetaTrader
MT series platform is a Russian company called MetaQuotes developed trading software, the first main provision of foreign exchange commodity futures trader services has now expanded to a variety of CFD stock trading, the company initially as the increasingly popular online trading in the Internet era to provide traders with a very low entry threshold, traders do not need to develop their own applications as long as the lease metaQuotes developed trading software and can conduct business so that a large number of operators into the industry. Mainly provide small and medium-sized trading broker platform because they may not have enough capital to develop trading software, will rent directly, some operators although also have to develop their own trading platform, but sometimes in order to meet customer needs while retaining MetaTrader.
There are two trading interfaces on the market are MT4, MT5 trading platform or can be called trading software APP, support a variety of platforms, from computers to tablets, mobile phones and so on have support.
MT4 MT5 difference comparison
MT5 | MT4 | |
Some order execution policies | be | not |
Order execution policy | Full execution or immediate cancellation Cancel immediately or execution return | Full execution or immediate cancellation |
The type of pending order | 6 | 4 |
Depth of market | be | not |
Time and values (Exchange Data) | be | not |
Technical indicators | 38 | 30 |
Graphic object | 44 | 31 |
ระยะเวลา | 21 | 9 |
ปฏิทินเศรษฐกิจ | be | not |
Email system | be | be |
Transfers between accounts | be | not |
Built-in MQL5.community chat | be | not |
Trading strategies | Multithreaded Multi-currency Real-time quotes | Single thread |
Multilingual Unicode | be | not |
unilateral | be | not |
Lock the silo | be | be |
Symbols | ไม่จำกัด | 1024 |
Supported markets | Forex/Futures/ Options/Stocks/ bond | Forex/Futures/ Options/Stocks/ bond |
Exchange trading Exchange Trading | be | not |
MT4, MT5 scam misunderstanding
MetaTrader is simply used as a trading tool, especially in the field of foreign exchange rates, whether it is a regular trader or other unlicensed traders will use MetaTrader as a trading tool, many fraudsters often confuse the concept, choose a formal regulated trading platform is important things.
MetaTrader is not used as a crime tool, but as a tool that generates different results when used by different people.
How to distinguish MT4, MT5 fraud trading platform
The date the site was established
Scams typically buy cheap giveaway SITEs for less than $10 a year, so these sites are relatively less than a year old
You can check the date of creation of these sites by searching the web for whois to verify by:
Whois Stationmaster’s House Tool
Godday Whois who’s a website checker
Are there other site reviews
A website with good credit trust will have recommendations from other sites in search results, and you must check that these sites have good quality website design, because fraudsters can also mislead consumers by building a lot of reviews
You can register a legally regulated trading platform by browsing this site
Check app stores such as the Apple App Store and Google Play
A well-run trading platform typically publishes their exclusive name APP in the App Store, checking the presence of these trading brokers through the store, because Apple and Google regularly review whether these brokers are legally licensed to provide user downloads of their apps published on the App Store
Check regulation
Brokers on a legitimate and normal deposit trading platform usually have the following licenses and provide license numbers for investors to check, as most of these sites are constructed in English, if you are unsure, it is recommended to ask others who know English
Unconscionable way to send money
The most common form of deposit on a legitimate trading platform is by depositing money through VISA and MASTER cards, and will not through a local bank into an account in a private name
MT4, MT5 FAQs
Cannot trade
Usually the broker’s server fails and the trading signal cannot be sent
MT4, MT5 slip price The buying and selling prices are different from the actual price
Some brokers plunder clients’ assets through slip price operations and suggest that you can change the broker
The MT4 and MT5 spreads are too large
Each broker has a different spread and advantage trading product, or your referrer increases your spread in order to earn additional commissions
Pending order mode
- Market market order
- Buy Stop hits the mark to break through the buy-to-get
- Sell Stop’s hit price fell below the catch-up price
- Buy Limit backs down to make up for it
- Limit Sell bounces back to make up the sale
- Buy Stop Limit breaks through to make up for it
- Sell Stop Limit fell below the rebound to make up for it
MT4.5 Leverage Introduction
Total position lots | Leverage x1 | Leverage x2 | Leverage x5 | Leverage x10 | Leverage x50 | Leverage x100 | Leverage x200 | Leverage x400 |
0.01 | 1000 | 500 | 200 | 100 | 20 | 10 | 5 | 2.5 |
0.02 | 2000 | 1000 | 400 | 200 | 40 | 20 | 10 | 5 |
0.1 | 10000 | 5000 | 2000 | 1000 | 200 | 100 | 50 | 25 |
0.5 | 50000 | 25000 | 10000 | 5000 | 1000 | 500 | 250 | 125 |
1 | 100000 | 50000 | 20000 | 10000 | 2000 | 1000 | 500 | 250 |
2 | 200000 | 100000 | 40000 | 20000 | 4000 | 2000 | 1000 | 500 |
5 | 500000 | 250000 | 100000 | 50000 | 10000 | 5000 | 2500 | 1250 |
10 | 1000000 | 500000 | 200000 | 100000 | 20000 | 10000 | 5000 | 2500 |