Currently, MT5 still has a relative advantage in obtaining second-hand licenses, otherwise, given the current situation with applying for new licenses, it's difficult to predict what measures the official bodies will take. Therefore, if a clean second-hand license appears on the market, it definitely offers absolute advantages in terms of cost and setup time.
Moreover, considering the costs associated with the primary licenses for MT5, time is money. The application for a new license can take at least a few months, and the preparatory work that can be done during the waiting period is limited. Therefore, obtaining a second-hand license is indeed a very ideal operation!
For forex investors, brokers, or liquidity providers, the forex trading platform is crucial. Forex investors and brokers need to conduct trades and operations through the platform, and liquidity providers also need to connect with the platform. The platform offers a variety of services such as market viewing, simulated trading, and data analysis, facilitating activities for all three parties while also generating revenues for itself.
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The trading platforms most welcomed by the majority of investors include MT4 and MT5, both are market data reception software released by the Russian company MetaQuotes. The MT5 trading platform is an upgraded version developed based on the MT4 platform, a more complex version, boasting higher technology, richer content, and functionalities.
Firstly, the MT5 trading platform offers a higher variety of tradable instruments. It supports financial products covering stocks, futures options, spot contracts, forex, CFDs, etc., enriching market information, providing investors with more comprehensive financial product quotations and trades, enriching investors' choices, and reducing the risk of focusing on a single product. The rich variety of tradable instruments not only benefits investors but also attracts more customers for the platform.
Furthermore, the MT5 trading platform has added and strengthened many functionalities. It features twenty-one timeframes for trend charts, over seventy types of technical indicators, nineteen drawing tools, four scaling modes, various execution methods and order types, more pending order options, and a more powerful EA testing function (supports multi-currency EA testing). With these enhanced and new features, the MT5 platform can present more comprehensive market information, provide better conditions for more complex analyses, offer more order strategies for investors, essentially providing investors with more choices and broadening their operational space. Moreover, the MT5 platform, promoted by MetaQuotes, also has an improvement over the MT4 platform, which is its built-in bridging technology, allowing brokers using the MT5 platform to save various costs without having to seek bridging technology providers separately.
Finally, the MT5 platform has improved technologically, boasting faster computing speeds. In programming, the MT5 trading platform supports the C++ programming language, which is more convenient and quicker, making it a boon for C++ enthusiasts. Moreover, compared to the MetaQuotesLanguage4 programming language, the new generation MetaQuotesLanguage5 achieves faster computing speeds and adapts well to programming tasks. The technological upgrade of the MT5 trading platform solidifies professional investors' confidence in their choice.
In summary, with richer functionalities, faster speeds, and stronger technical support, the MT5 trading platform offers more comprehensive services to investors, while lowering costs for forex brokers. The MT5 forex trading platform has great compatibility, not only suitable for novice investors but also a top choice for professionals or those with investment experience. Although most brokers currently use the MT4 platform, it is believed that as time goes on, the MT5 platform will be increasingly discovered and utilized by more brokers.
