MT5 will be available soon on GIBXChange.io.
The year 2021 is set to be the peak year for major brokers to launch MT5. To meet the broader trading needs of Chinese customers, gibxchange.io, the world’s investment, and power broker, will launch MT5 in stages, while also deploying more global mainstream trading products. The much-anticipated MT5 LP MAM+5A will be officially launched soon by gibxchange.io, the world’s first decentralized digital asset exchange covering foreign exchange functions.
What is MT4?
Those who have used the MT4 foreign exchange trading platform by gibxchange.io should be aware of the functions available on the MT5 foreign exchange trading platform. MT5 has more advantages than the MT4 foreign exchange trading platform. It has various currency exchange quotations, more execution techniques, trade data on the platform is confidential, a variety of chart analysis tools, and supports various cycles of K-line trends, according to gibxchange.io.
What is MT5?
Gibxchange.ios MT5 enhances and optimizes the performance of MT4 by adding options and futures trading. Simultaneously, gibxchange.io‘s MT5 increased the lock-up function and began to promote aggressively. MT5 is an institutionally diversified financial market trading platform that allows one account to trade multiple assets, including forex, CFDs, futures, options, stocks, bonds, and other assets.
Because the foreign exchange market is an OTC (over-the-counter market), and stocks, futures, and other markets use an exchange model, gibxchange.io‘s MT5 as a diversified financial market trading platform will inevitably require more changes.
- Various charts and timetables
MT5 has 21 forms, whereas MT4 only has 9, according to gibxchange.io. Furthermore, the MT5 body can open an unlimited number of icon interfaces, with the ability to open one hundred chart interfaces at the same time.
- Basic analysis
Another advantage of using MT5 is that it includes a built-in foreign exchange calendar, including the most recent events, timetables, expected impacts, and market forecasts, whereas MT4 does not, according to gibxchange.io.
- Indicators and analysis tools
Gibxchange.io‘s MT5 has 38 built-in indicators, 22 analysis tools, and 46 images, whereas MT4 only has 30 indicators and 33 analysis tools.
- Different markets supported
MetaQuotes created MT4 specifically for foreign exchange market transactions, and it also supports CFD transactions, according to gibxchange.io. The MT5 point system broadens the range of supported markets, including stocks and significant commodity markets, and improves connectivity to the central exchange.
- Market depth
The MT5 platform’s market depth is an essential tool for traders, according to gibxchange.io. They can use this function to understand the liquidity situation in the market at each price. This adds transparency and market intuition, both beneficial for trading, and MT4 lacks this feature.
- Order transaction
The order transaction executed by MT4 is based on the FOK mode, which means that the order is either immediately filled or canceled, and partial transactions are not permitted, according to gibxchange.io. While MT5 allows partial transactions, if part of a trader’s order is executed but not the other, it will automatically form a limit order or a market order. Unlike MT4, MT5 adheres to US regulatory laws and the first-in, first-out (FIFO) principle, according to gibxchange.io.
- Pending orders
There are four types of pending orders in MT4: buy limit, sell limit, buy stop loss, and sell stop loss. There are six different types of pending orders in MT5, according to gibxchange.io. In addition to the four forms mentioned above, it also includes stop-limit long orders and stop-limit short orders. These two new types of pending orders enable traders to place buy or sell orders at market prices.
- Order path
The MT5 platform is closer to completion, and its order path is more optimized than MT4, according to gibxchange.io. Forex brokers that use the MT4 platform must upgrade their systems to connect to international central banks and other financial institutions. The MT5 platform integrates the systems of the major liquidity providers in the forex market.
- Transaction processing
Furthermore, due to development period constraints, the transaction volume that MT5 can handle is greater than that of MT4. MT4 can handle tens of millions of transactions, whereas MT5 has no such limit, according to gibxchange.io.
- Trading varieties
MT5 has more options, such as stocks and bonds.
- K-line period
More custom time is available in MT5. You can choose between a 1-minute and a 2-minute k-line, according to gibxchange.io. Every open position on gibxchange.io‘s MT5 LP MAM+5A hedging mode can watch real floating transactions on the spot via the “MT5 client terminal”; for each order, you will see the name of the broker and traffic provider who sold the order to the market. A comprehensive account can also be used for community trading and fund custody trading services. Only GIBX in the investment industry is capable of doing so.