Why trade with GrowPro MetaTrader 5?
- CFDs on Forex, Stock Indices, Commodities, Bonds and Cryptocurrencies.
- Execute your order with no partial fills, as a result of our huge depth of liquidity.
- EA trading facilities by using our VPS services.
- Advanced Technical Analysis, 50+ Indicators and customisable charting…
- In 39 languages.
- Trading Signals with an advanced notification system.
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Trading with the MT5:
Benefits and Functionality
MT5 trading comes with a huge range of benefits for retail traders. With extensive functionality available the benefits trickle into almost every aspect of trading.
In this section we’re going to be looking into some of the benefits that you’ll encounter while trading on the MT5:
User-Friendly
One of MT5’s main features is its user-friendly interface. With a simple and easy download process it’s easy to begin MT5 trading in just a few clicks. You’re also able to find a wealth of information online as it stands as one of the most popular trading platforms available today.
Language Capabilities
A key factor of the success of the platform is that it can be used by anyone in the world. What makes this all possible is the multi-language capabilities available for traders to engage in MT5 trading in their native language.
Instruments
Thanks to the dynamic evolution of the platform, different instruments are added by brokers daily. Retail traders now have access to a huge range of CFDs ranging from Forex and Indices to Cryptocurrencies and Stocks on the trading platform. Although it is down to your broker to decide which instruments they’d prefer to offer to their clients, the trading platform is so versatile that adding new instruments is simple and straightforward; meaning you’re likely to have a wide range available.
Slippage
One of the classic issues that traders encounter. While trading, you’ll likely encounter or even recall where you’ve decided to exit or enter a trade at a certain price however, the market moves during the time it takes to execute the order itself. So, that’ll result in you not receiving your desired entrance or exit point. Although this can be both negative and positive, the MT 4 can reduce the slippage that you’d encounter using a different trading platform! Thanks to its sensational stability and super-fast execution you actually get reduced slippage when compared to other platforms.
One-click trading
This essentially allows you to execute a trade by literally clicking once. It’s super useful for scalpers that needs to execute many trades at speed and day-traders where once again speed is of the essence! Another huge benefit of the Metatrader 4 platform is that you have access to the MQL community where you can source programs to enable one-click or automated trading!
Alerts
Super important for keeping on top of your trading, the alerts enabled for use when MT5 trading allow you to simply press CTRL+T and click on the ‘Alerts’ tab. You’ll then be able to activate this feature so you can select the instrument, the sound, the bid and ask price and anything else to help you monitor your trading effectively!
Analysis and Tools
One of the most attractive things about the trading on MT5 is its functionality with regards to analysis. There are 30 in-built indicators which we’ll discuss in more depth later, and 24 graphical objects. Coupled with the ability to add your own custom indicators and charting tools, MT5 trading enables you to analyse the markets in a way that suits your trading strategy and style. You’ve also got a range of drawing tools at your fingertips including lines, channels, text and other visual elements. Many traders use these tools to identify key parameters for trading like support & resistance levels, entry, exit, stop-loss and take-profit points. Overall the huge range of tools available for MT5 trading enhances retail traders market analysis substantially. Additionally, traders are able to customize the appearance of the platform to their own taste or load presser templates.
Algorithmic Trading
Automation is no problem when MT5 trading! Design and creation, enabled by the MetaQuotes Language 4 (MQL4) allow you to not only program and install your own expert advisors but also to install your own custom indicators. As you’re also able to customize any indicator in MQL4 and then upload it onto the MT5 platform the possibilities are endless. You’re even able to buy and sell expert advisors on the Metatrader Marketplace.
Trading on the Go
As the trading landscape has evolved MetaQuotes became acutely aware that desktop options shouldn’t be the only option available to retail traders. With that in mind, the form developed multiple mobile platforms to ensure that you can trade and monitor your account while you’re away from your desktop! The mobile options are fully compatible with most Android and iOS mobile devices which not only give you full control of your account while on the move, but also enables you to keep up to date with evolving news and then adjust your trades accordingly.
Multi-Account Management
The platform also boasts tools that benefit more seasoned traders and account managers. Professional traders are able to use the platform for managing multiple accounts at one time. For example, by using the MT5 MAM, professional traders are able to execute a number of trades in different accounts simultaneously. These MAM accounts also have all of the additional account management tools that retails traders benefit from; providing a comprehensive trading solution no matter the level of experience.
Communication
Brokers are able to use the platform to communicate directly with their clients, ensuring no messages are lost or important information is missed. All conducted in real-time it removes the need for long email communications which overall streamlines the trading experience.
Low Resource Requirement
Hugely beneficial for those using complex programs or development tools, the MT5 platform itself requires very little to function at peak performance levels. It keeps disruption of your PC to a minimum ensuring that there’s no issues when you need to perform tasks at speed.
Security
As we move through the digital era, online security has become of utmost importance to traders. Traders need to feel secure when they’re investing and be safe from attacks on their account. MT5 trading ensure this security as the platform encrypts data between the server and the trader with a 129-bit key while also completely hiding the IP of the trader.
How to Download Metatrader 5
Downloading the MT5 platform is a relatively straighttforward process. As a 'Windows-based' program it wasn’t always available to use on Mac operating systems. However, there’s now a multitude of ways to access the program with no limits to the devices you can use it on. Please find the download buttons located below so you can begin the process.