MetaQuotes Software Corporation

MetaTrader 5

Composite Score

8.2 /10

CX Score

8.5 /10

14 Reviews Write a Review

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What is MetaTrader 5?

The MetaTrader 5 Trading Platform is a perfectly equipped trader's working tool that allows trading on the financial markets. It provides the necessary tools to analyze price dynamics and use the automated trading programs.

Company Details

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MetaTrader 5 Ratings

Real user data aggregated to summarize the product performance and customer experience.

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

94 Likeliness to Recommend

100 Plan to Renew

88 Satisfaction of Cost Relative to Value

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Emotional Footprint Overview

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

+95 Net Emotional Footprint

The emotional sentiment held by end users of the software based on their experience with the vendor. Responses are captured on an eight-point scale.

How much do users love MetaTrader 5?

0% Negative

4% Neutral

96% Positive

Pros

Helps Innovate
Continually Improving Product
Reliable
Performance Enhancing

Feature Ratings

Average 84

Trade Management

Portfolio Management

Collateral Management

Analytics and Reporting

Currency Quotes

Stock Management

Multi Currency

Currency Exchange Market Management

Currency Conversion

Margin Management

Banking Risk Management

Vendor Capability Ratings

Average 84

Business Value Created

Ease of IT Administration

Product Strategy and Rate of Improvement

Ease of Customization

Breadth of Features

Quality of Features

Ease of Implementation

Ease of Data Integration

Availability and Quality of Training

Usability and Intuitiveness

Vendor Support

MetaTrader 5 Reviews

Tjhin F.

Role: Finance
Industry: Finance
Involvement: End User of Application

Validated Review

Verified Reviewer

Submitted Aug 2022

new feature added

Likeliness to Recommend

6 /10

What differentiates MetaTrader 5 from other similar products?

if i want to compare, i will compare it with the previous products Metatrader4, : 1. . MT5 has more options in time frame, i mean MT5 can show 21 timefarmes, MT4 shows 9 timeframes. 2. MT5 provides news forex calendar forex , in MT4 not available 3. MT5 provides more options technical indicator built in compare MT4

What is your favorite aspect of this product?

if i answer favorite aspect about MT5... the charting become more impressive

What do you dislike most about this product?

there are some disadvantage MT5 compare MT4 1. the program language used for MT5 is different with MT4, of course this issue become serious things for Expert advisor programmer, EA that work in MT4 can not work in MT5, this conditions forces the EA programmer learn new language program that work and compatible for MT5. 2. the default setting of MT5 is FIFO First In First Out, this condition can not applied hedging trading position, FIFO default follow the United States regulation, NFA, the second position can open after first position closed, of course . this condition can not use for hedging position.. In MT4 hedging posiiton is allowed.

What recommendations would you give to someone considering this product?

i personally used and comfortable with MT4, the aim of use trading platform is making money...i dont say that MT5 is not good as MT4 , there are some traders can make money with MT5 platform, it depends on each traders , which platform that suit with their methods and conditions.

Pros

Helps Innovate
Continually Improving Product
Reliable
Performance Enhancing

MetaTrader 5

What is MetaTrader 5?

Company Details

Need Assistance?

MetaTrader 5 Ratings

94 Likeliness to Recommend

100 Plan to Renew

88 Satisfaction of Cost Relative to Value

Emotional Footprint Overview

+95 Net Emotional Footprint

How much do users love MetaTrader 5?

Pros

Feature Ratings Average rating of all product features, some of which may not be shown below

Trade Management Includes forex trading, real-time trading, trade processing, and automated trading.

Portfolio Management Includes portfolio composition, investment strategizing, portfolio risk management, and market development and trend analysis.

Collateral Management Includes collateral tracking, valuations, and settlements.

Analytics and Reporting Includes historical & real-time dashboard visualizations, detailed & summary reporting and easy data extraction for data analysis.

Currency Quotes Includes currency comparisons and real-time currency rates.

Stock Management Includes stock trading, stock ranking, stock charting, and stock analysis.

Multi Currency Includes multi-currency accounting, multi-currency transactions, and multi-currency reporting.

Currency Exchange Market Management Includes market analysis, market graphics, and market indicators.

Currency Conversion Includes currency calculator, real-time market rates, and currency exchange.

Margin Management Includes position tracking, real-time data updates, and pre-trade margin and limit checks.

Banking Risk Management Includes stress tests, anti-money laundering, risk monitoring, and alerts.

Vendor Capability Ratings Average rating of all vendor capabilities, some of which may not be shown below

Business Value Created Software needs to create value for employees, customers, partners, and, ultimately, shareholders. This data expresses user satisfaction - or lack thereof - with the product's business value.

Ease of IT Administration This data indicates whether IT personnel will be able to resolve issues and perform configurations efficiently and effectively.

Product Strategy and Rate of Improvement Vendors who don't stay on top of emerging needs and trends won't enable you to meet your business goals. Use this data to separate innovators from imposters.

Ease of Customization Don't get bogged down in a difficult customization; use this data to make sure you can easily achieve the functionality you need for your particular situation.

Breadth of Features Users prefer feature rich software that enables them to perform diverse series of tasks. This data expresses user satisfaction with the product's breadth of features.

Quality of Features Feature quality is just as important as quantity. Use this data to determine if this product will do what you're purchasing it to do, easily, intuitively, reliably, and effectively.

Ease of Implementation Successfully implementing new software is necessary to realize its full value and promote end user adoption. This data indicates whether or not the product is easy to implement.

Ease of Data Integration Use this data to determine whether the product will cause headaches or make data integration easy.

Availability and Quality of Training Effective and readily available training enables users to get the most out of the software you've chosen. Use this section to make sure your vendor's training programs and materials measure up.

Usability and Intuitiveness End user learning curves cost the organization money. Pay attention to your end users' technical ability to determine how important UX is in your purchase.

Vendor Support The importance of vendor support will vary for each organization depending on internal capabilities, but there will always be issues that only the vendor can resolve.

MetaTrader 5 Reviews

Tjhin F.

new feature added

Likeliness to Recommend

Pros

Feature Ratings

Trade Management

Portfolio Management

Collateral Management

Analytics and Reporting

Currency Quotes

Stock Management

Multi Currency

Currency Exchange Market Management

Currency Conversion

Margin Management

Banking Risk Management

Vendor Capability Ratings

Business Value Created

Ease of IT Administration

Product Strategy and Rate of Improvement

Ease of Customization

Breadth of Features

Quality of Features

Ease of Implementation

Ease of Data Integration

Availability and Quality of Training

Usability and Intuitiveness

Vendor Support