If you decide to invest through online trading, you will need a trading platform. It is an important part of trading through which you place orders to buy or sell trading instruments and a number of other activities relating to your investments.
Trading platform
You can download a trading platform to your computer, tablet, or phone. It allows you to control all your trading account, i.e. monitor the latest prices and rates on capital markets, execute and manage trades. Through the platform, you can make detailed analyses of rate development of all trading instruments (currency pairs, commodity prices, shares, and indices). The most popular platforms include MT4, MT5 and xStation. However, you should determine which platform is the most appropriate for you depending on your personal needs and preferences.
MetaTrader 4
MT4 has become the most popular platform on the market. This professional multiplatform is used to analyse asset prices and monitor individual open and previously traded positions and gives an opportunity to use technical analyses and set up automatic trading systems. Its advantages include fast execution of orders, a strategy tester, an economic calendar, and one-click trades. It is intended for traders of all skill levels. Its operation is simple, and it is suitable for beginners. In addition, it provides a wide range of functions to tailor the platform to the precise needs of specific clients.
MT4 provides access to your account and charts on all your devices. It supports Windows, Mac, Android, and iOS.
MetaTrader5
The Company uses MetaTrader 5 for trading. It is the number one platform used by traders and investors all over the world. The platform is a successor to the popular MetaTrader 4. It offers advanced analytical instruments and provides a detailed view of all substantial developments on the financial market. All favourite functions of MetaTrader 4 are preserved and expanded to include new elements making the platform’s operation easier and more handy, such as eight types of trading orders (compared to MT4 which offers just six), 21 time frames (compared to the original nine offered by MT4) and a range from 1 to 10 minutes for a more precise analysis. It supports Chrome, Firefox, Safari, IE 9+, iOS and Android.
xStation
xStation ranks among newer professional platforms. This platform allows you to monitor the recent changes and rates of all tradable instruments and analyse charts and several other instruments, which makes trading easier. With new functions, platform control and analyses and monitoring of market information are simpler and more user-friendly. The platform is capable of extra fast execution of trade orders without time delays. Its special functions include namely investor statistics (outline of detailed trading information, e.g. profit and loss ratio), sentiment (a function showing how other traders see the market development, which instruments have been traded the most and the least recently), closing multiple positions in just one click and opening API (allowing for writing your own scripts, robots or trading applications).
