SolidECN

Platform

The popular trading platforms are narrowed to a few. We chose the newest and the most advanced platform that is available in the market, the MetaTrader 5!

Why MetaTrader 5?

Contrary to commune belief, MetaTrader 5 is not an upgrade of MT4. The MT4 platform was developed for trading in the Forex environment, whereas MT5 was coded for CFDs, Stocks, and futures access. To be short, MetaTrader 5 is for more experienced and advanced traders, but before we go with the MT5, at Solid ECN we ran a survey of the traders we know, and found out that most rookies and novice users are already with the MT5 platform, and for the first time the MT5 users have surpassed the MT4?s!

Advantages

• MT4 has 9-time frames, whereas MT5 offers 21-time frames. More time frames assist technical analyzers to have a better conception of the market movement.
• MT 4 has 4 pending orders, whereas MT5 provides 6 types of pending orders.
• MT 4 doesn?t have the market depth, but MT5 market depth is accessed within the chart.
• MT5 has the Economic calendar on default.
• MT4 has 4 types of pending orders, whereas MT5 holds 6 types.
• MT4 allows hedging only, whereas MT5 allows both hedging and netting on request.
• MT5 has 38 technical indicators, 44 analytical objects and unlimited charts
• Partial order filling policies (fill/kill or cancel return) is another advantage of the MT5 for advanced traders.
• The strategy tester of the MT5 platform is multi-threaded but MT4 is single-threaded.

MetaQuote corporation has been sending announcements about stopping MT4 updates. Therefore, we believe it was in the best interest of all parties to go with the MT5 platform!