Globex360 live account

Interactive charts in the mobile app track and update currency rate changes in real time.

Best forex bonuses

Globex360 Review, globex360 live account.

The application provides three types of charts: bars, candlesticks and lines allowing you to trade directly on them. You can easily scale and scroll charts, as well as switch between 9 timeframes — from one minute to one month.

Overview of all accounts with balances
Account types
Trade history
Mobile deposits
IB tools
Promo materials
Performance analytics
Commissions due

Globex360 review

Globex360 is a regulated trading broker that has a limited range of instruments for trading online via the popular metatrader 4 (MT4) platform for desktop, web and mobile devices. The trading brokers review team found this broker not the cheapest option whilst they could improve on the educational resources provided. However, they do have a social trading platform and a variety of account types to choose from.

Globex360 review, pros & cons

Regulated broker

Copy trading platform

Islamic accounts

Popular MT4 platform

FIX API

Not the lowest spreads & commission fees

Limited trading instruments

Limited deposit/withdrawal options

No individual stock cfds

Lack of educational resources

No live chat support

No belgium, US or canada clients

In this detailed globex360 review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

Globex360 is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including globex360.

Globex360 review: summary

Founded in 2017, globex360 is a global online trading services provider based in south africa. Clients can choose from over 100+ trading instruments from multiple asset classes including forex, commodities and indices. The broker offers online trading with competitive spreads, leverage of up to 1:500 and has no hidden fees. However, the brokers spreads starting from 1.2 pips are not the lowest considering some brokers have spreads that start from 0 pips. The commission charges from $8 are also not the cheapest.

Globex360 review: broker features

Globex360 review: regulation

Globex360 is an authorised financial services provider registered and regulated under the financial sector conduct authority (FSCA) in south africa. The FSCA is responsible for the regulation of financial institutions in south africa.

The FSCA aims to enhance and support the efficiency and integrity of financial markets and to protect investors by promoting fair treatment as well as providing them with financial education. They aim to ensure there is an efficient and stable environment where customers are informed, protected and treated fairly.

At globex360, the safety of your funds is paramount to the brokers activity. With this in mind, all client funds are held in a segregated account separate from the company’s funds. This means that they should not be used for any other purposes such as day to day business running costs.

Globex360 review: countries

Globex360 products and services are not intended for belgium, US and canada residents. Some globex360 broker features and products mentioned within this globex360 review may not be available to traders from specific countries due to legal restrictions.

If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers australia, best brokers south africa, best brokers canada or our best brokers for all other countries.

Globex360 review: trading platforms

Metatrader 4 (MT4)

Globex360 review: MT4 trading platforms

Globex360 offer online trading via the ever popular metatrader 4 (MT4) platform which is used by millions of traders all over the globe and an obvious choice for many brokers. MT4 is known for its user-friendly interface that is fully customisable and features automatic monitoring, advanced charts and live analysis. Its classic design and powerful analytical tools make it a mainstay within the trading industry.

Whether you’re interested in automated trading or building your own setup with add-ons, MT4’s long-standing community enables you to add signals, indicators, and oscillators to your trading strategies.

Some of the key MT4 platform features include:

Real time bid/ask price quotes via market watch window

Multiple chart types & timeframes

Supports multiple order types

Built-in technical indicators & drawing objects for analysing charts

Automated trading with expert advisors (eas)

Strategy tester to back test eas over historical data

MQL community to share ideas & tools with other traders

Metaeditor to develop custom indicators, scripts & eas in the MQL language

Price alert notification via email, pop-ups & SMS

Available for desktop, web & mobile (ios & android)

Metatrader 4 (MT4) mobile app

Globex360 review: MT4 mobile trading app

The MT4 mobile app is useful for those who need to access their account and trade whilst on the go. It is compatible with ios and android devices. You can trade from anywhere in the world provided there is an internet connection. The MT4 mobile app maintains many of the same features as the desktop version and you can access both through one trading account.

Interactive charts in the mobile app track and update currency rate changes in real time. The application provides three types of charts: bars, candlesticks and lines allowing you to trade directly on them. You can easily scale and scroll charts, as well as switch between 9 timeframes — from one minute to one month.

The MT4 app allows you to set up and implement your own customised trading strategy. The app supports 30 of the most essential technical indicators and 24 analytical objects: lines, channels, geometric shapes, as well as gann, fibonacci and elliott tools. All can be applied both to the chart window and each other, whilst the platforms colour schemes can also be adjusted to your preferences. You can open up to 10 windows with indicators simultaneously for thorough analysis.

Instant execution orders allow you to trade online continuously, while pending ones relieve you from the necessity to constantly manage your trading. Your trading request will be executed even if the MT4 mobile application is closed. Open positions can be modified by changing stop loss and take profit order levels.

All information regarding the amount of orders and open positions, open prices, volumes and account status can be found in the trade window, while the history window allows you to view the detailed history of all previously performed trades.

Globex360 app

Globex360 review: globex360 app

Globex360 also offers its very own trading app for its partners to help manage their business. Partners have access to their client’s data on the go. Partners get the full set of tools to refer clients, from the conventional referral URL, to the more advanced referrals via social media and other types of messaging. Ibs can also instantly see the result of their work. Features include:

Overview of all accounts with balances

Account types

Trade history

Mobile deposits

IB tools

Promo materials

Performance analytics

Commissions due

Copy trading platform

Globex360 review: copy trading platform

Globex360 provide clients with the option of copy trading using their social trading platform where you can provide or copy the signals of other traders. You can follow and view the performance statistics of traders. You maintain full control of whom you copy, how much of your account is used to copy and when to stop copying any of the traders on the social/copy trade platform. It must be strongly emphasised that past performance is by no means any guarantee of future results and you should have a clear understanding of all the significant risks involved with trading online.

FIX API

Globex360 state that they offer FIX API connection to large private and institutional clients. The minimum account balance required to qualify for the FIX API is $25,000 and the minimum monthly trading volume required is 500 lots. If a client does not reach 500 lots, then a $1,000 fee applies.

Globex360 review: trading tools

Whilst the MT4 platform will have more than enough compatible tools for the average retail trader, the broker does provide a few additional tools.

Trading calculators

Globex360 review: trading calculators

There are a couple of trading calculators on the brokers website which can help traders to quickly and easily calculate position sizes and convert currencies. These are powered by the dailyforex brand.

Economic calendar

Globex360 review: economic calendar

There is an economic calendar freely available on the brokers website that displays up and coming news releases. You can check the title of the release along with the date and time. This can be used as part of a trading strategies fundamental analysis to identify potential market movements caused by news releases. The calendar can be customised to display only news that is relevant to you whilst it also shows the previous, forecasted and actual result of the news.

Globex360 review: education

Unfortunately, globex360 does not have a trader’s academy and thus, the educational resources are very limited. There are no tutorial videos, trading guides or webinars. This would be beneficial as they can help beginners to improve upon their trading knowledge and skills.

Knowledge base

There is a basic knowledge base section on the brokers website that displays a few common terms along with an explanation of what each means. This may be deemed useful by beginner traders although not all of the most important terminologies are covered.

Globex360 review: trading instruments

Globex360 provide over 100+ trading instruments from different markets including forex, commodities and indices. This could actually be considered a limited selection when compared to other online brokerages, some of who offer thousands of trading instruments.

Forex trading

Forex, commonly known as the foreign exchange or FX, is the world’s most widely traded market in terms of trading volume, with an estimated daily turnover exceeding $5.5 trillion. Currencies are traded around the clock 24 hours a day, 5 days a week. Globex360 offers over 50 major, minor and exotic FX currency pairs.

50+ FX currency pairs

Leverage up to 1:500

24/5 forex trading

Indices trading

Indices are weighted index of the top shares on a particular exchange, like the US30 (dow jones 30) and the new york stock exchange. With globex360 you can trade a wide range of global indices with no overnight financing costs and low margin requirements.

6 market sectors and over 20 cfds

Leverage up to 1:500

Advanced technical indicators

Commodities trading

Clients get access to trade cfds on a range of commodities from the energy, industrial, precious metal, financial and agricultural sectors. As the foundation of the global economy, you can gain exposure to a wide range of products – from copper and coffee to silvers and soybeans. With globex360 commodities trading you can enjoy competitive spreads and modest margin requirements.

6 market sectors and over 20 cfds

Leverage up to 1:500

Advanced technical indicators

Globex360 review: trading accounts & fees

The broker has a variety of account types to suit different investment levels and trading strategy requirements. Globex360 accounts require a $100 minimum deposit and have flexible leverage of up to 1:500 available.

Basic account

This is the entrance level account that has a minimum $100 deposit requirement, spreads from 2 pips and leverage up to 1:100. Commission per lot is $12.

Standard account

For more experienced traders who need professional advantage this account has a minimum $100 deposit requirement, spreads from 1.6 pips and leverage up to 1:200. Commission per lot is $10.

Professional account

For professional accounts you will need to speak to an account manager. This comes with increased leverage, tighter spreads from 1.2 pips, a larger $5,000 minimum deposit and access to a trade specialist. Commission per lot is $8.

Copy trading account

Copy trades from other traders with leverage up to 1:500 and a minimum deposit of $200.

Islamic accounts

There are islamic accounts that are muslim friendly and comply with sharia law.

Demo accounts

Demo accounts that allow you to try out the platforms and practice your trading strategies are also available.

Globex360 review: account types

As broker fees can vary and change, there may be additional fees that are not listed in this globex360 review. It is imperative to ensure that you check and understand all of the latest information before you open a globex360 broker account for online trading.

Globex360 review: customer service

Globex360 support can be contacted using the online form on their website or using the email and telephone numbers provided. They do not offer live chat support which is disappointing as this can be the most convenient form of communication for many users.

Globex360 review: deposit & withdrawal

The broker supports fast deposits and withdrawals via wire transfer, credit/debit card, payfast and bitcoin. This is quite a limited selection compared to other brokers who offer multiple online payment processors such as skrill, neteller, paypal, etc. Some of these methods may incur additional charges. If your withdrawal is under a certain amount, the broker apples a small charge. The fee depends on the base currency of your trading account.

Please note that globex360 will not cover any exchange rates charged if you are depositing in a currency that is different to that of your bank funds. Accounts can be opened GBP, EUR, USD, CHF. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency. You can have multiple trading accounts in different currencies at the same time.

Any bank transfers made to globex360 must be made from a bank account registered in the client’s full name, otherwise your funds may be returned to source.

Globex360 review: deposit withdrawals

Globex360 review: account opening

There is an application form that can be completed on the brokers website should you wish to open a live trading account with globex360. It is not the shortest form we have seen and will require some personal financial information. You must read the brokers terms and conditions then check the box only if you agree to them. After your account has been created, you will need to verify it using proof of identification (e.G. Passport) and address (e.G. Utility bill). Once your account has been verified, you can fund it using any of the convenient deposit methods, download the trading platforms and commence trading online.

Globex360 review: open live account

Globex360 review: conclusion

Overall, globex360 has a solid online trading offering although it could be considered to be limited when compared to other trading brokerages who have more trading instruments, platforms and educational materials. They do have a variety of different account types but could increase funding options. The social trading platform is a useful addition to some although they would also benefit from providing daily market analysis. Furthermore, the trading brokers review team discovered that this particular broker does not have the lowest spreads or commission charges. For alternative options, you may wish to see our list of best trading brokers.

Contracts for difference (”cfds”) are leveraged products and carry a high level risk to your capital as prices may move rapidly against you. Losses can exceed your deposits and you may be required to make further payments. These products may not be suitable for all clients, therefore, ensure you understand the risks and seek independent advice.

Min $100 deposit

Globex360 is a regulated trading broker that has a limited range of instruments for trading online via MT4. The broker is not the cheapest & could add some educational resources. They do have a social trading platform & variety of account types.

Engaging with your clients simplified.

Consolidated everything an IB needs into a single experience

Ultra low
spreads

250+ trading
instruments

$10 minimum
deposit

Leverage
1:500

Immediate deposits
and withdrawals

24/5 email
support

Instruments

250+ instruments in the platform.

Desktop, tablet, mobile

Desktop, tablet, mobile and web based trading with metatrader 4 and metatrader 5

Automated trading platforms

A range of automated trading platforms and EA compatibility

Spreads offering

Competitive spreads offering

Client funds security

Client funds are held in segregated accounts for increased security

Multilingual languages

Trading website in more than 20 languages

Customer support

Connect through whatsapp

Whatsapp contact to reach customer support

Why trade with veracity markets?

Veracity markets is continuously working hard to become a major player in the online financial field, with a proven track record of positive customer satisfaction. Our key responsibility is to offer top-notch services to all our traders.

Trade anywhere
any time

Successful online trading depends on efficient and powerful trading technology. Veracity markets offers you the best trading platforms to get you into the market quicker and easier. You can access quality information and trading tools to help ensure you make educated trading decisions.

Choose your account type

standard account
initial deposit : $250
spreads : floating from 1.6 pips
commission : $0
leverage : 1:500
order volume (lots) : 0.01 - 250 (lot)
platforms : MT4
expert advisers : supported
maximum open positions : unlimited
execution: market
swap free: available
read full account terms & description here
open account

pro account
initial deposit : $250
spreads : floating from 2 pips
commission : $0
leverage : 1:500
order volume (lots) : 0.01 - 250 (lot)
platforms : MT4
expert advisors : supported
maximum open positions : unlimited
execution: market
swap free: available
read full account terms & description here
open account

ECN account
initial deposit : $250
spreads : floating from 0.00 pips
commission : $7 lot only FX & metals*
leverage : 1:500
order volume (lots) : 0.01 - 250 (lot)
platforms : MT4
expert advisers : supported
maximum open positions : unlimited
execution: market
swap free: not available
read full account terms & description here
open account

Access the world's top tradable assets

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Vestibulum cursus sit amet metus id ultricies.

Become a
just perfect trader
today and receive 100%
on your first deposit

Trade a broad range of markets

Discover hundreds of markets available to trade, with more to be added soon

Forex trading

Over 38 major, minor & exotic pairs

Cryptocurrencies

Trade a broad range of cryptocurrencies

Indices

9 globel indices available

Metals

Trade gold, silver, platinum & copper

Commodities

Oil, gas & agricultural commodities

Over 150 shares to choose from

Lorem ipsum dolor sit amet, consectetur adipiscing elit.

Start your trading with veracity markets in 4 simple steps:

Register

Verify

Trade

Helpdesk

Tel: +27 (0) 87 012 5545

Email: help@veracitymarkets.Com

Registered address: 1 energy lane, century city, 7441, south africa. Suite 305, griffith corporate centre,
P.O. Box 1510, beachmont kingstown,
st. Vincent and the grenadines. -->

Connect now:

Trading

Platforms

Partners

Promotions

Company

Legal and regulation

Veracity markets (pty) ltd is incorporated in south africa with registration number 2018/515174/07 and is a duly appointed juristic representative of nirvesh financial services (pty) ltd with registration number 2014/214417/07, which is an authorised financial services provider under the financial advisory and intermediary services act no 37 of 2002 – FSP4701. The website www.Veracitymarkets.Com is operated by veracity markets (pty) ltd based in south africa.

Clearing services

Veracity markets is an execution-only trading intermediary and makes use of regulated liquidity providers for clearing of its client trades.

High risk investment warning

Online trading consists of complex products that are traded on margin. Trading carries a high degree of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent expert advice if necessary and speculate only with funds that you can afford to lose. Please think carefully whether such trading suits you, taking into consideration all the relevant circumstances as well as your personal resources. We do not recommend clients posting their entire account balance to meet margin requirements. Clients can minimise their level of exposure by requesting a change in leverage limit. For more information please refer to veracity markets risk disclosure.

Disclaimer

The content of this page is for information purposes only and it is not intended as a recommendation or advice. Any indication of past performance or simulated past performance included in advertisements published by veracity markets is not a reliable indicator of future results. The customer carries the sole responsibility for all the businesses or investments that are carried out at veracity markets.

Regional restrictions

The information provided by veracity markets is not directed or intended for distribution to or use by residents of certain countries or jurisdictions including, but not limited to, united kingdom, australia, belgium, france, iran, japan, north korea and USA. The company holds the right to alter the above lists of countries at its own discretion.

Responsible trading policy

When it comes to trading on veracity markets platforms and using its features, we encourage responsible behavior among all our users and traders. Our “responsible trading policy” calls on traders to protect themselves from emotional decision making that can result in unnecessary losses. This web page and its products are intended exclusively for legally adult use, given that current legislation anywhere in the world does not permit account onboarding, trading, advising, binding in a legal contract to those under 18 years of age.

Safety of funds

At veracity markets (PTY) LTD, the safety of your funds is paramount to our business activity. With this in mind, all client funds are held in a segregated account separate from the companies funds.

Refund policy

All the funds deposited with veracity markets is for the sole purpose of trading the financial markets on contract for difference. There is no physical delivery of any asset. The clients acknowledge that they incur profit or loss depending on the open and close price of the asset traded. Any funds deposited with veracity markets is the asset of the client and a liability on veracity markets. The client can request for a withdrawal of their unused funds held with veracity markets at anytime. Any funds lost while trading in financial markets with veracity markets is non-refundable and non-withdrawable.

Globex360 live account

Our standard account type provides access to veracity markets interbank spreads and competitive liquidity with no commission.

recommended deposit	$250
spreads	floating from 1.6 pips
commissions	$0
leverage	1:500
order volume (lots)	0.01 - 250 (lot)
platforms	MT4
expert advisers	supported
maximum open positions	unlimited
execution	market
swap free	available

Helpdesk

Tel: +27 (0) 87 012 5545

Email: help@veracitymarkets.Com

Registered address: 1 energy lane, century city, 7441, south africa. Suite 305, griffith corporate centre,
P.O. Box 1510, beachmont kingstown,
st. Vincent and the grenadines. -->

Connect now:

Trading

Platforms

Partners

Promotions

Company

Legal and regulation

Clearing services

Veracity markets is an execution-only trading intermediary and makes use of regulated liquidity providers for clearing of its client trades.

High risk investment warning

Disclaimer

Regional restrictions

Responsible trading policy

Safety of funds

At veracity markets (PTY) LTD, the safety of your funds is paramount to our business activity. With this in mind, all client funds are held in a segregated account separate from the companies funds.

Refund policy

Globex360 review

Globex360 review, pros & cons

Regulated broker

Copy trading platform

Islamic accounts

Popular MT4 platform

FIX API

Not the lowest spreads & commission fees

Limited trading instruments

Limited deposit/withdrawal options

No individual stock cfds

Lack of educational resources

No live chat support

No belgium, US or canada clients

In this detailed globex360 review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

Globex360 review: summary

Globex360 review: broker features

Globex360 review: regulation

Globex360 review: countries

Globex360 review: trading platforms

Metatrader 4 (MT4)

Globex360 review: MT4 trading platforms

Some of the key MT4 platform features include:

Real time bid/ask price quotes via market watch window

Multiple chart types & timeframes

Supports multiple order types

Built-in technical indicators & drawing objects for analysing charts

Automated trading with expert advisors (eas)

Strategy tester to back test eas over historical data

MQL community to share ideas & tools with other traders

Metaeditor to develop custom indicators, scripts & eas in the MQL language

Price alert notification via email, pop-ups & SMS

Available for desktop, web & mobile (ios & android)

Metatrader 4 (MT4) mobile app

Globex360 review: MT4 mobile trading app

Globex360 app

Globex360 review: globex360 app

Overview of all accounts with balances

Account types

Trade history

Mobile deposits

IB tools

Promo materials

Performance analytics

Commissions due

Copy trading platform

Globex360 review: copy trading platform

FIX API

Globex360 review: trading tools

Whilst the MT4 platform will have more than enough compatible tools for the average retail trader, the broker does provide a few additional tools.

Trading calculators

Globex360 review: trading calculators

Economic calendar

Globex360 review: economic calendar

Globex360 review: education

Knowledge base

Globex360 review: trading instruments

Forex trading

50+ FX currency pairs

Leverage up to 1:500

24/5 forex trading

Indices trading

6 market sectors and over 20 cfds

Leverage up to 1:500

Advanced technical indicators

Commodities trading

6 market sectors and over 20 cfds

Leverage up to 1:500

Advanced technical indicators

Globex360 review: trading accounts & fees

Basic account

This is the entrance level account that has a minimum $100 deposit requirement, spreads from 2 pips and leverage up to 1:100. Commission per lot is $12.

Standard account

For more experienced traders who need professional advantage this account has a minimum $100 deposit requirement, spreads from 1.6 pips and leverage up to 1:200. Commission per lot is $10.

Professional account

Copy trading account

Copy trades from other traders with leverage up to 1:500 and a minimum deposit of $200.

Islamic accounts

There are islamic accounts that are muslim friendly and comply with sharia law.

Demo accounts

Demo accounts that allow you to try out the platforms and practice your trading strategies are also available.

Globex360 review: account types

Globex360 review: customer service

Globex360 review: deposit & withdrawal

Any bank transfers made to globex360 must be made from a bank account registered in the client’s full name, otherwise your funds may be returned to source.

Globex360 review: deposit withdrawals

Globex360 review: account opening

Globex360 review: open live account

Globex360 review: conclusion

Min $100 deposit

Engaging with your clients simplified.

Consolidated everything an IB needs into a single experience

Ultra low
spreads

250+ trading
instruments

$10 minimum
deposit

Leverage
1:500

Immediate deposits
and withdrawals

24/5 email
support

Instruments

250+ instruments in the platform.

Desktop, tablet, mobile

Desktop, tablet, mobile and web based trading with metatrader 4 and metatrader 5

Automated trading platforms

A range of automated trading platforms and EA compatibility

Spreads offering

Competitive spreads offering

Client funds security

Client funds are held in segregated accounts for increased security

Multilingual languages

Trading website in more than 20 languages

Customer support

Connect through whatsapp

Whatsapp contact to reach customer support

Why trade with veracity markets?

Trade anywhere
any time

Choose your account type

standard account
initial deposit : $250
spreads : floating from 1.6 pips
commission : $0
leverage : 1:500
order volume (lots) : 0.01 - 250 (lot)
platforms : MT4
expert advisers : supported
maximum open positions : unlimited
execution: market
swap free: available
read full account terms & description here
open account

pro account
initial deposit : $250
spreads : floating from 2 pips
commission : $0
leverage : 1:500
order volume (lots) : 0.01 - 250 (lot)
platforms : MT4
expert advisors : supported
maximum open positions : unlimited
execution: market
swap free: available
read full account terms & description here
open account

ECN account
initial deposit : $250
spreads : floating from 0.00 pips
commission : $7 lot only FX & metals*
leverage : 1:500
order volume (lots) : 0.01 - 250 (lot)
platforms : MT4
expert advisers : supported
maximum open positions : unlimited
execution: market
swap free: not available
read full account terms & description here
open account

Access the world's top tradable assets

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Vestibulum cursus sit amet metus id ultricies.

Become a
just perfect trader
today and receive 100%
on your first deposit

Trade a broad range of markets

Discover hundreds of markets available to trade, with more to be added soon

Forex trading

Over 38 major, minor & exotic pairs

Cryptocurrencies

Trade a broad range of cryptocurrencies

Indices

9 globel indices available

Metals

Trade gold, silver, platinum & copper

Commodities

Oil, gas & agricultural commodities

Over 150 shares to choose from

Lorem ipsum dolor sit amet, consectetur adipiscing elit.

Start your trading with veracity markets in 4 simple steps:

Register

Verify

Trade

Helpdesk

Tel: +27 (0) 87 012 5545

Email: help@veracitymarkets.Com

Registered address: 1 energy lane, century city, 7441, south africa. Suite 305, griffith corporate centre,
P.O. Box 1510, beachmont kingstown,
st. Vincent and the grenadines. -->

Connect now:

Trading

Platforms

Partners

Promotions

Company

Legal and regulation

Clearing services

Veracity markets is an execution-only trading intermediary and makes use of regulated liquidity providers for clearing of its client trades.

High risk investment warning

Disclaimer

Regional restrictions

Responsible trading policy

Safety of funds

At veracity markets (PTY) LTD, the safety of your funds is paramount to our business activity. With this in mind, all client funds are held in a segregated account separate from the companies funds.

Refund policy

Guide to downloading and installing MT5 trading platform

Trading in a financial market like forex can be profitable and fun at the same time. Notwithstanding, if you are a trader, you need certain tools in your armory to make this a reality. One of such tool is trading platforms that give traders the opportunity to perform various trades.

There are many trading platforms for traders to use in trading financial instrument. These platforms come in different formats with each having their unique features and benefits. Some of these platforms include ctrader, metatrader 4, and metatrader 5. In this article, our focus is on metatrader 5 (MT5), which is the successor to metatrader 4 (MT4). You will learn how to download the trading platform in various format and finally learn the key difference between MT5 and ctrader.

Metatrader 5

If you have been a trader, you might have used MT4 for your trading activities. MT4 is suitable for traders that want to focus on forex trading. However, MT5 platform offers trader with trading signals that enable them to have the best trading results. Importantly, the platform is reliable and robust, thereby giving traders a pleasant and smooth trading experience. The platform offers great possibility for people who want to trade in other financial assets such as cfds (contracts for difference) or stocks. Importantly, traders can open several different positions on particular asses, irrespective of the direction. With this, they can maximize their profit through the trading platform.

Features of metatrader 5

The following are some of the features of MT5:

Six types of pending orders (buy stop, buy limit, buy-stop limit, sell stop, sell limit, and sell-stop limit)

Allows hedging and netting

Compatible to various device format

21 timeframes

Comparison between metatrader 5 and other platforms

Metatrader 5 vs. Ctrader

Depth of market: this offers relevant information on the number of pending orders under a predetermined price. It gives trader additional advantage over their counterparts who aren’t aware of the orders placed on the market. MT5 has this feature and allows traders to open a number of trades for a given price. However, in terms of depth of market, undoubtedly, ctrader has the upper hand because it comes with the feature.

Availability: generally, metatrader platforms are available. Interestingly, most brokers offer traders the opportunity to download the platform from their website. Additionally, it is also available in various format to enable traders manage their position wherever they are. However, the ctrader platform isn’t available generally because only a few brokers have adopted it. ECN/STP brokers mostly adopt it on their platforms.

How to download MT5

In this section, you will learn how to download and setup metatrader 5 successfully. Before you can trade effectively, you need to download MT5 either from your preferred broker or directly from the metaquotes website. MT5 is available in various platforms such as mac, windows, android, ios, and web platform. Let us begin with how to download MT5 on the PC platform.

First, you have to visit the metaquotes download page (https://www.Metatrader5.Com/en/download). From the image below, you can see that you can download the smartphone, tablets or launch the web platform. However, click on the green tab showing “download metatrader 5 for PC and open a demo account.”

If you are using a download manager, it will pop up a window instructing you to download the “MT5 software.

Once the download is completed, you have to install it by clicking on the setup file from your download folder. Once you click it, the following window below will pop up. Then click on next to continue the installation.

Another window will pop up indicating the software is installing. Then you have to click on finish to complete the installation process as shown below.

After the completion, the MT5 platform will open up as shown below. Then you have to open a demo account to start trading.

To create an account, right-click on “accounts” on the left-hand side and select “open an account.” A new window will pop up for you select your broker. For this example, we are using the “metaquotes software corps”

When you click next, the window below will pop up instructing you to open a demo account, a real account, or connect to an existing account. For this post, our focus is on opening a demo account. Select the demo account and click next.

The next step is to fill the information on the image displayed below and tick the agreement to the terms and condition of the software. Then click on next to complete the installation process.

If everything goes well, the next window will display information about your accounts including your login details and password.

Once you click finish, a new window will appear. From here you can start trading forex and learning how to perfect your strategy. It is important for beginners to begin with a demo account before using their real money.

Conclusion

MT5 is a wonderful trading platform that gives traders a whole lot of opportunity to trade forex and cfds. With 38 inbuilt indicators, depth of market access, and six types of pending orders, you cannot go wrong using MT5.

Furthermore, it gives traders the opportunity to keep track of economic activities including news event, schedule, and impacts.

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Deriv investments (europe) limited, W business centre, level 3, triq dun karm, birkirkara BKR 9033, malta, is licensed in malta and regulated by the malta financial services authority under the investments services act to provide investment services in the european union (licence no. IS/70156). It is also authorised and subject to limited regulation by the financial conduct authority in the UK. Details about the extent of our authorisation and regulation by the financial conduct authority are available from us on request.

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