Active traders of currency will have full access to everything that can help them stay up to date – their trading accounts, charts, quotes, market news and almost anything that can help them keep their trading accounts owned by them. The idea or reason behind it is to access them whenever and wherever they want. This made the demand for smartphone software or applications more over time, and today such programs and software are extremely popular. You can actively swap the big or important currency pairs, and they usually remain volatile during the trading stages. The currency pairs will respond to the events and you will notice that the prices are under financial press releases! Therefore, as a trader, you should have access to accounts, charts, news feeds, and most importantly, you should access the market notes.
If you are an iPhone user, you will know that you will be secure mobile apps for forex trading that may or may not be compatible with android phones. Then we took the two most popular iPhone mobile apps for forex trading and compare them with all the necessary details so you can better understand and choose wisely. Let's understand the difference between MetaTrader 4 vs. MetaTrader 5 iPhone app, with this application you can start forex trading on iPhone to make money or invest.
Usually known as MT4, MetaTrader 4 is an e-commerce platform that is widely used by speculative traders of online foreign currency. MT4 or MetaTrader 4 was developed and introduced by MetaQuotes Software in 2005. MetaTrader is licensed to the foreign exchange market, and these brokers offer the software to their customers. MT4 consists of server and client component. The broker runs the component of the server. On the other hand, the client software is offered to the clients of the broker, and they use the software to view charts and streaming prices, live, manage their own accounts, and place orders.
MetaTrader or MT4 iPhone app lets you choose from a large number of servers and brokers to trade with. You will get all kinds of trade orders and more than 50 technical analysis tools. In addition, you can chat with other merchants and enable or receive push or sound alerts in the iPhone, which will help you in continuous trading anytime, anywhere.
You can get one of the most popular and reliable Forex trading platforms of the world today, MetaTrader 5 on the iPhone, and it's totally free. MetaTrader 5 allows you to gain full control of your account, get the most out of technical indicators for better market analysis and trading in financial markets. MetaTrader 5 is an upgraded version and offers many more benefits compared to MetaTrader 4. It greatly helps you with your trading ̵
Furthermore, MetaTracker offers 30 most reliable and popular technical indicators – For example: Stochastic oscillator, Standard deviation, Oscillator Liquid Average, Power Index, MACD, Envelopes, Momentum, etc. In addition, you also get 3 map types – Broken Line, Japanese Candlesticks, and Bars. MetaTrader 5 is also known for its user-friendly interface and ease of use. You can shop anytime and anywhere with state-of-the-art popular trading platform. In addition, you can access the entire trading history, prices, charts and current trading positions even when offline.
Another great trading app from MetaQuotes, MetaTrader, helps you shop anywhere with ease and with the features, this app is one of the best trading apps you find on the iPhone. MetaTrader 5 gives you access to all kinds of trading orders available on the desktop. In addition, you also get the option of Market Execution and Instant Execution, which will make your trading much more convenient and time-saving. You can also monitor trading history, account balance and open position with MetaTrader 5.
If you are looking for an excellent forex trading app for iPhones then both MetaTrader 4 and MetaTrader 5 can Be good alternatives. But MetaTrader 5 comes with many more options and is much easier to use than MT4. Looking at all the benefits and features of MetaTrader 5, we can safely conclude that it is the smart forex trading option for you today.