SmartyTrade VS MetaTrader5

Compare SmartyTrade VS MetaTrader5 and see what are their differences

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SmartyTrade

SmartyTrade is an online trading platform is an online trading broker that offers traders an extensive range of options.

MetaTrader5

World-leading multi-asset platform that allows trading Forex, Stocks, Futures and CFDs.

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2023-10-07

SmartyTrade

Website: smartytrade.com

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MetaTrader5

Website: metatrader5.com

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SmartyTrade features and specs

No features have been listed yet.

MetaTrader5 features and specs

Multi-Asset Platform
MetaTrader 5 allows you to trade a variety of asset classes including Forex, stocks, commodities, indices, and cryptocurrencies.
Advanced Charting Tools
The platform offers advanced charting tools with a wide range of technical indicators and graphical objects for detailed market analysis.
Automated Trading
MetaTrader 5 supports algorithmic trading via Expert Advisors (EAs), which can automate trading tasks based on predefined strategies.
Market Depth
The Market Depth feature provides an insightful view of available bids and offers, enhancing your market analysis.
Economic Calendar
An integrated economic calendar allows traders to monitor market-moving events and news directly within the platform.

Possible disadvantages of MetaTrader5

Complexity
The platform can be overwhelming for beginners due to its extensive features and advanced tools.
Limited Broker Support
Not all brokers support MetaTrader 5, limiting its accessibility depending on your broker of choice.
Learning Curve
There is a steep learning curve to fully leverage all the advanced features and customization options MetaTrader 5 offers.
Resource Intensive
The platform can be resource-intensive, requiring a robust computer system for optimal performance, especially when multiple charts and indicators are used.
Transition from MT4
Users transitioning from MetaTrader 4 to MetaTrader 5 may face compatibility issues, as not all scripts, indicators, and EAs are transferable.

SmartyTrade videos

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MetaTrader5 videos

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Which Forex Trading Platform is BEST? (MetaTrader 4 vs cTrader)

Category Popularity

0-100% (relative to SmartyTrade and MetaTrader5)

SmartyTrade

MetaTrader5

Trading

1 1%

Trading

99% 99

Finance

1 1%

Finance

99% 99

Investing

1 1%

Investing

99% 99

Fintech

100 100%

Fintech

0% 0

User comments

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Reviews

These are some of the external sources and on-site user reviews we've used to compare SmartyTrade and MetaTrader5

SmartyTrade Reviews

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MetaTrader5 Reviews

TradingView Alternatives For Budget Conscious Traders

MetaTrader platforms are known for their many features including robust alert systems and the ability to “hijack” the visual backtester to perform full replays during backtesting. These platforms support algorithmic trading through Expert Advisors (EAs) and have a large library of custom indicators and trading tools. While MT4 and MT5 are very versatile they require a...

Source: medium.com

Top 8 Forex Tester Alternatives in 2024

MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are widely-used trading platforms that include basic backtesting functionalities. These platforms are popular due to their availability and versatility, but they come with some limitations.

Source: forextester.com

5 MetaTrader alternatives for Apple devices (Jan 2023)

iOS devices with MetaTrader apps already installed can continue to use them, but they will not receive software updates, creating potential security risks. The problem does not affect Android mobile devices because MetaTrader platforms continue to be freely downloaded and installed from Google PlayStore. But this is not a solution for the millions of users who have no...

Source: smnweekly.com

Alternatives to MetaTrader

The brokers that support MetaTrader and other similar platforms purchase the rights to the software; the servers are run by the broker, and it’s just the software itself that is supplied by MetaQuotes, the company that developed MetaTrader.

Source: investingreviews.co.uk

What Are The Alternatives To MetaQuotes' MetaTrader MT4 And MT5 Platforms For Brokers?

It has been over 2 weeks since LiquidityFinder broke the story on Saturday 24th September that Apple had removed MetaQuotes' MetaTrader 4 (MT4) and MetaTrader 5 (MT5) apps from its App Store. This move by Apple, with still no official explanation from either Apple or MetaQuotes, has left a huge amount of uncertainty in the trading industry, both for brokers and end clients....

Source: liquidityfinder.com