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Many questions may arise in a trader’s mind when they try to understand the relation between Binomo and MT4/MT5. Whether Binomo is better than MT4/MT5? What is MT4/MT5? Does Binomo use MT4/MT5 as well? We shall find the answers to all such questions soon. First, let us know more about MT4/MT5, and then we shall find a link between Binomo and MT4. We shall finally learn whether we can use MT4 for Binomo.
We stop promoting and recommending Binomo anymore after banning our partner’s account for no reason. Choose a better alternative like Quotex or Pocket Option to trade!
Choose the best alternative to Binomo:
100+ Markets
- Accepts international clients
- High payouts 95%+
- Professional platform
- Fast deposits
- Social Trading
- Free bonuses
100+ Markets
- Min. deposit $10
- $10,000 demo
- Professional platform
- High profit up to 95%
- Fast withdrawals
- Signals
100+ Markets
- Accepts international clients
- High payouts 95%+
- Professional platform
- Fast deposits
- Social Trading
- Free bonuses
from $50
(Risk warning: Trading is risky)
100+ Markets
- Min. deposit $10
- $10,000 demo
- Professional platform
- High profit up to 95%
- Fast withdrawals
- Signals
from $10
(Risk warning: Trading is risky)
What you will read in this Post
What does MT4/MT5 signify?
MT4/MT5 is the short form for MetaTrader 4 and 5. As the name hints, it is an online trading platform. It has seen wide usage since its launch in 2005. Particularly, online retail foreign exchange speculative traders have benefited largely from its availability.
The MT4 and MT5 both are Forex trading platforms developed by MetaQuotes Software. Since 2005, it has been licensed to foreign exchange brokers who offer the software to their clients.
It is nothing but a platform that focuses on trading Forex. It also offers to analyze financial markets using Expert Advisors. The essential parts that enhance your Forex trading experience with MT4 are trading signals and mobile trading.
Because of its utility, millions of traders choose MetaTrader 4/5 for their trading requirements. Traders having different needs can easily benefit from it.
With this platform, traders get ample opportunities. That allows traders of all skill levels to utilize advanced technical analysis and flexible trading systems.
Moreover, with MT4/MT5, the traders can experience algorithmic trading and expert advisors along with mobile trading applications.
The signals and market services extend MetaTrader 4 boundaries. These services allow the trader to copy trades of other successful traders. MT4/MT5 also offers you various Expert Advisors and Technical indicators available to buy.
We stopped promoting Binomo, there are better alternatives for you!
(Risk warning: Your capital can be at risk)
The MetaTrader 4/5 trading system
The MT4/MT5 trading system is a powerful system for online traders. It allows them to implement strategies of various complexities. A trader can avail of the instant execution facility, utilize stop orders, trade from a chart, etc. The MT4/MT5 provides more tools at your disposal. It includes a trailing stop, tick chart, and trading history, among many others.
By using the MT4/MT5 trading system, a trader can expect a convenient and flexible trading experience.
Below are some of its additional features:
- Execution modes
- Pending and stop orders
- Market orders
- Interactive charts
- 9 timeframes
- 23 analytical objects
- More than 30 technical trading indicators
We stopped promoting Binomo, there are better alternatives for you!
(Risk warning: Your capital can be at risk)
The MetaTrader 4/5 analytics
Among the most substantial points of the MT4/MT5 platform is the analytical functions. A trader can get online quotes and interactive charts for better trading assistance. These are available in 9 periods. That allows a better examination of quotes in all the details. As a result, they can achieve a quick response to price changes.
The MT4/MT5 analytics consists of 23 analytical objects along with 30 built-in technical indicators. These can considerably simplify this task. However, this shows only a glimpse of what’s inside. You also get a free CodeBase and built-in Market with this platform.
The analytical tools can detect any movement in the market. Therefore, you can react promptly with its help.
(Risk warning: Your capital can be at risk)
Why use MetaTrader 4/5?
MetaTrader 4 and 5 are undoubtedly advanced trading platforms. They stand out from others by giving you access to various tools and features that help carry out the analysis. However, MT4/MT5 also lets you customize your trading experience.
The tools available also help you use and build trading algorithms. They can significantly help you automate your trading.
(Risk warning: Your capital can be at risk)
MT4/MT5 features
MT4/MT5 has been around us for almost 14 years now, and it is still serving millions of clients. That places it among the most rewarding trading platforms across the globe. The features of the MT4/MT5 platform are helpful for forex and other traders alike. Let us view some of its features now. These features show us exactly why it has persisted so long to deliver the best experience.
- Thousands of MT4/MT5 indicators
The MT4/MT5 package of any broker will deliver you instant access to 18+ free add-ons and indicators. With these indicators, you can have an edge in your trading. Moreover, you can also download more of them if you wish.
- Automated Trading
The MT4/MT5 platform allows you to build your own algorithms. Also, it allows you to import Expert Advisors3 from within the platform.
- Customizable Charts
The MT4/MT5 platform offers you the ability to customize the charts. You can fully customize and adjust them to suit your individual trading needs.
- Micro Lots
The minimum lot size of MT4/MT5 helps you to manage the risks effectively. So, even when you invest in high-volume trading, you can minimize the risks.
- Software-Based
Being software-based, MT4/MT5 eliminates any chance of emotional trading. Moreover, the access and interaction with the platform and charts are effortless. That makes the MT4/MT5 trading a fluid and natural process.
(Risk warning: Your capital can be at risk)
Binomo and the MT4 – Is it available?
Binomo is a binary trading broker that offers a premium service to all the traders out there. It is a regulated broker that offers services through both its app and web service.
The agency mainly regulating it is IFC. But it is currently in the process of getting an additional certification from CySEC as well. Such regulations and certifications make it a reliable and safe broker.
Similar to the MT4 platform, Binomo also offers trading signals and other trading tools. More than 30 trading signals are available for easing the technical and fundamental analysis.
Binomo is also among those technology-oriented brokers that offer convenience in the form of its own app. The traders can avail of the app on both major OS platforms: IOS and Android.
Usually, many brokers use the MT4 platform in their services to provide additional benefits. Unlike MT4, Binomo is a broker which has its own trading platform. So, the first distinction is that MT4 is a platform that a broker like Binomo can use to offer services. However, we can emulate that Binomo does not offer MT4/MT5 services through its platform. But, forex traders can still use Binomo for trading.
(Risk warning: Your capital can be at risk)
Conclusion: The MetaTrader is not available on Binomo
We can safely say that Binomo and the MetaTrader 4&5 are two different trading tools from our analysis. The traders looking to use MT4 alone should make sure that their broker offers a service through the MT4/MT5 platforms; however, if you are a Binomo trader, you can trade in forex and other assets without using MT4 or MT5 as well.
(Risk warning: Your capital can be at risk)
