OctaFX MT4 vs MT5. Which platform should you use to trade Forex?

Comparison of OctaFX’s trading account types

OctaFX mainly offers MT4 and MT5 trading account types.

See the table below to know the difference between these trading account types

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OctaFX MT4 – The most popular trading platform

MetaTrader 4 (MT4) platform is the leader among Forex trading platforms.

MetaTrader 4 ™ is considered the most popular trading terminal among professional traders. More than 70% of brokers offer MT4 to their clients, and about 90% of the total volume of transactions in the Forex market is made directly through this trading platform. MT4 has earned its impeccable reputation thanks to its wide functionality that allows traders to analyze financial markets, conduct trading operations (including using mobile devices), use trading advisors (robots), and much more.

In 2009, OctaFX for the first time offered Forex traders direct access to the ECN and the interbank trading platform through the MetaTrader 4 terminal. OctaFX improved Metatrader 4 with its own innovative development – a liquidity aggregator. OctaFX ECN provides fast and error-free order execution at the best prices from over 10 major banks and other liquidity providers (LPs).

Please note that the trading platform for Market Maker (Micro) accounts is different from the one used for trading on ECN accounts. Please make sure that you download the version of the MT4 terminal that supports your chosen trading account.

Open OctaFX MT4 Account

Why you should use OctaFX MT4?

The advantages of OctaFX MT4 are:

Manual trading

The ability to trade directly from the chart; all types of orders (market, pending, stop loss and take profit) and three types of execution (immediate execution, execution on the market and on demand), as well as trailing stop for stop loss orders.

Automatic trading

You can use any ready-made scripts and Forex advisors or create your own based on your trading strategy.

Working with charts

Customizing the display of charts in the form of bars, ticks, Japanese candles or lines.

Analytics

Over 50 built-in indicators and charting tools for technical analysis, download of quote history, strategy tester, news feed.

MQL

A simple and understandable functional MT4 programming language that has allowed specialists from all over the world to create an uncountable number of scripts, trading advisors, Forex indicators and other auxiliary programs for working with this platform.

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OctaFX MT5 – Advanced platform with more features

The MetaTrader 5 multi-market trading platform, developed by MetaQuotes Software Corp., has rightfully earned the title of the most popular free terminal for online trading. In the MT5 trading platform, you will find all the functionality of the previous version of MetaTrader 4 and a large number of additional services – everything you need for successful Forex trading.

Why should you choose MT5?

• 4 modes of order execution, exchange execution with support for the order book (Depth of Market);
• Pending Stop-Limit orders with execution without negative slippage;
• Consolidated (netting) position for a currency pair;
• The ability to create expert advisors without programming knowledge;
• MQL Market and Code Base with thousands of ready-made advisors, indicators and scripts;
• Testing strategies on several currency pairs or several computers;
• Manual trading directly from the chart;
• Control of Stop Loss and Take Profit levels using the mouse;
• Mobile versions for iPhone and Android.

Open OctaFX MT5 Account

Why you should use OctaFX MT5?

The advantages of OctaFX MT5 are:

Flexible trading system

In MT5, you can use two order accounting systems (hedging and netting), 4 execution modes, as well as all types of orders;

Professional technical analysis.

The platform allows you to simultaneously open up to 100 charts with quotes, track price movements using 21 time periods and analyze the market using more than 80 technical indicators.

Fundamental analysis tools

Fundamental analysis tools are always at your service in MetaTrader 5. The economic calendar and financial news will help you predict price dynamics.

Trading signals

Copy trades of successful traders by subscribing from a selected provider.

Mobile trading

Install the mobile application on your iOS or Android smartphone or tablet and trade on the financial markets anytime, anywhere.

Web trading

Web trading allows you to trade Forex through any browser in the event that you do not have the opportunity to use a desktop or mobile terminal.

Algorithmic trading

Algorithmic trading allows you to trade using trading robots (advisors) without your participation.

MetaTrader Market

A store of the best trading robots and indicators built into the terminal.

Shared hosting

Shared hosting allows you to trade in financial markets around the clock with your computer turned off, having previously created a virtual copy of your trading terminal and running it on the server.

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OctaFX MT4 and MT5 Mobile trading

Take full control of your trading accounts from your smartphone or tablet!

OctaFX offers you a wide selection of trading terminal versions for the most popular mobile platforms – iOS and Android. These applications are convenient and even irreplaceable when you don’t have access to a desktop computer. The capabilities of the mobile versions practically do not differ from the desktop version of the trading platform.

With their help, you can:

• Place market and pending orders.
• Analyze market trends using built-in technical indicators.
• Work with interactive charts.
• View account history and report on current positions and account funds.
• Receive event notifications.

Download OctaFX’s Mobile Apps

OctaFX MT4 and MT5 Web Trader

Meta Trader’s Web Trader platform supports all modern browsers and operating systems, including Windows, Mac OS, and Linux. You do not need to download and install Meta Trader 4 or any other additional programs on your computer. You only need a stable internet connection. In just a couple of clicks, you can log into your account and start trading.

What is the difference between Web Trader and Meta Trader for a regular computer?

The interface of the Meta Trader Desktop version is well-known in the Web Trader terminal. If you have already traded through Meta Trader Desktop before, then it will be very easy for you to switch to using WebTrader. Newbie traders will also find it easy to master the functionality of Web Trader thanks to its intuitive interface. Web Trader allows you to open and close orders, set Stop Loss and Take Profit, and place pending Stop and Limit orders in just one click.

Why Choose Web Trader?

• Access to a trading account from any computer without downloading and installing additional software.
• Compatible with all OC: Windows, Mac OS, Linux.
• Supports most popular browsers.
• Familiar and intuitive MetaTrader interface.
• Your data is securely protected.
• One-click trading.

Access to OctaFX’s Web Trader

OctaFX’s Trader tools

Speed ​​of response, accuracy in calculations, transparency, and deep understanding of the trading mechanism is the key to successful trading and risk management.

Accurate calculations of pip value, margin, SWAP, and ECN commission will help you assess the economic efficiency of trade, plan a trade, and determine the optimal position size. Focus on market analysis and trading without wasting time on routine!

1. Online calculator

A handy tool for instant and accurate calculation of commission, margin, and pip value. Accurate calculations are indispensable for optimizing a trading strategy in order to avoid losses and close positions by stop out.

A simple and quick way to calculate margin and pip value before opening a position. In addition, use the calculator to determine the optimal leverage, as well as the exact calculation of commissions on ECN accounts.

2. One Click Trading and Market Depth

The speed of placing an order is very important during periods of high volatility in the market. With the one-click trading plugin, you can place an order at the best available price with just one click. A glass of orders with 5 levels of market depth will give you an idea of ​​the available liquidity for each pair.

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3. History of exchange rates

OctaFX offers multi-currency accounts. The Conversion Calculator allows you to calculate the exact conversion rates when transferring funds between OctaFX wallets with different base currencies. You can also see the history of conversion rates for any date.

How to open OctaFX’s MT4, MT5 or cTrader account?