If you are looking for a reliable and flexible trading platform, you might want to consider .platform XM for Trading. Platform XM is a regulated and renowned broker that offers a wide range of financial instruments to trade, such as forex, CFDs on stocks, indices, metals, and energies . .Platform XM also provides you with the option to choose between two popular trading platforms: MT4 and MT5, which are accessible through various devices such as PC, Mac, phone, and tablet (Android and iOS) .
Platform XM has many advantages for traders of all levels and styles.
Some of the benefits of trading with .platform XM are:
- Flexible trading accounts with very low spreads
- No requotes, no rejections, and leverage ranging from 1:1 to 1000:1
- Client protection programs such as the negative balance protection, stop calls, limit calls, and margin calls
- Over 1000 instruments to trade, including 300 CFDs on stocks (shares) on the MT5 platform
- Over 80 analytical objects and market depth of latest price quotes on the MT5 platform
In this blog post, we will explain the main features and differences between the MT4 and MT5 platforms, and how you can use them to enhance your trading experience with platform XM. Both MT4 and MT5 are third-party trading platforms that can be downloaded to your desktop or mobile device and connected with your XM broker account. They offer advanced tools for research, analysis, and trading, such as technical indicators, chart drawing tools, order types, and automated trading robots. However, there are some key differences between the two platforms that you should be aware of before choosing one.
MT4 was launched in 2005 and is mainly designed for forex trading. It supports over 1,200 online brokers and has a large community of users and developers. It allows you to trade with 2 market orders, 4 pending orders, 2 stop orders, and a trailing stop. It also supports Expert Advisors (EAs), which are scripts that can automate your trading strategies based on predefined rules and conditions.
MT5 was released in 2010 and is more versatile than MT4. It supports not only forex trading, but also other markets such as commodities, options, stocks, and futures. It allows you to trade with 2 market orders, 6 pending orders, 2 stop orders, a trailing stop, and a depth of market functionality. It also supports EAs, but with a different programming language (MQL5) than MT4 (MQL4). MT5 also has more technical indicators (38 vs 30), graphical objects (44 vs 31), and timeframes (21 vs 9) than MT4.
So which platform should you choose? It depends on your trading goals, preferences, and style. If you are mainly focused on forex trading and want to use a well-established platform with a large user base and support network, then MT4 might be a better option for you. If you want to trade different markets and instruments and use more advanced features and tools, then MT5 might suit you better. You can also try both platforms for free with. XM's demo accounts and see which one you like more.