Platform
Deepen your forex analysis, explore automation features, and trade seamlessly on the industry-standard platform.
MetaTrader 5 (MT5) is a multi-asset trading platform developed by MetaQuotes Software. It is the successor to MetaTrader 4 and offers advanced trading features and tools. MT5 supports trading in Forex, stocks, commodities, and futures, providing traders with a comprehensive platform for various financial markets.
With enhanced charting tools, multiple order types, and extensive technical analysis capabilities, MetaTrader 5 is designed to meet the needs of both beginner and professional traders.
Analyze market trends with 21 timeframes, over 80 technical indicators, and a variety of chart types.
Utilize various order types, including market, pending, stop orders, and trailing stops, to manage your trades effectively.
Stay updated with the latest economic events and news directly within the platform.
Develop and deploy automated trading strategies using the built-in MQL5 programming language.
Access the Depth of Market feature to see real-time order book information for better decision-making.
Trade across multiple asset classes, including Forex, stocks, commodities, and futures, from a single platform.
Follow and copy the trades of successful traders using the platform's social trading features.
Tailor the platform's interface to your preferences, enhancing your trading experience with a user-friendly layout.
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MT5 itself is free to download and use. However, trading commissions and other fees may apply depending on your chosen WongaaFX account type. Please refer to our fee schedule for details.
While MT5 itself offers extensive user guides, WongaaFX may provide additional educational resources or tutorials related to using the platform for trading with us. We also recommend exploring the wealth of educational resources available online and through reputable financial institutions.
Yes, MT5 offers mobile trading apps for iOS and Android devices, allowing you to manage your positions and monitor markets on the go. Download the app directly from the Apple App Store or Google Play Store.
Absolutely! WongaaFX offers demo accounts pre-loaded with virtual funds, allowing you to familiarize yourself with the MT5 platform and practice your trading strategies in a risk-free environment.
MT5's built-in strategy tester allows you to evaluate the performance of your trading strategies on historical market data. This helps you refine your approach and gain confidence before deploying real capital. Refer to the MT5 user guides for detailed instructions on using the strategy tester.
While wongaaFX cannot provide specific trading advice or guidance on using Expert Advisors, our dedicated support team is happy to assist you with any technical questions related to the MT5 platform and your WongaaFX account.
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