Question: ForexChief's MT4, MT5 and Mobile app. Which is the best for trading?
ForexChief Trading Platforms, Mobile App, and Tools
ForexChief, an internationally acclaimed Forex broker, offers its clients an array of advanced and user-friendly platforms, applications, and trading tools. These platforms cater to various operating systems, including Windows, iOS, and Android, enabling traders at all skill levels—be it beginners, skilled, or professional—to navigate the global trading landscape with ease.
Each platform can be used for the following account types:
Account Type | CENT | Classic+ | DirectFX | xPRIME |
---|---|---|---|---|
Trading Platforms | MetaTrader 4, MetaTrader 5, Mobile Trading | MetaTrader 4, MetaTrader 5, Mobile Trading | MetaTrader 4, MetaTrader 5, Mobile Trading | MetaTrader 4, MetaTrader 5, Mobile Trading |
Minimum Deposit | No | $10 (or equivalent) | $50 (or equivalent) | $2000 (or equivalent) |
Dealing Technology | Market Maker | STP | STP/ECN | ECN |
Position accounting system | Hedging | Hedging | Hedging, Netting | Hedging, Netting |
Execution Mode | Market Execution | Market Execution | Market Execution | Market Execution |
Account Currency | USD,EUR | USD,EUR,GBP | USD,EUR,GBP | USD,EUR,GBP,CHF,JPY |
Max Leverage | 1:500 | 1:1000 | 1:1000 | 1:1000 |
Available Contracts | 35+ | Forex, Metals | Forex, Metals, Commodities, Indexes – 50+ | Forex, Metals, Commodities, Indexes, Stocks, Crypto – 150+ |
Spread | from 0.9 pips | from 0.6 pips | from 0.3 pips | from 0 pips |
Stop Out | 30% | 30% | 30% | 50% |
Brokerage Fee | No | No | Forex, Metals, Commodities, Indexes – $15 per 1 mln. Stocks, Crypto – 0.1% |
Forex, Metals, Commodities, Indexes – $25 per 1 mln. Stocks, Crypto – 0.1% |
Min Order Size (lots) | 0.01 (increment – 0.01) | 0.01 (increment – 0.01) | 0.01 (increment – 0.01) | 0.01 (increment – 0.01) |
Max Order Size (lots) | 1000 | 100 | 1000 | No Limit |
Max number of open orders | No | Yes | Yes | No |
PAMM | No | Yes | Yes | Yes |
Trading Credits | No | Yes | Yes | Yes |
Turnover Rebates | No | No | No | Yes |
Welcome Bonus $500 | No | Yes | Yes | No |
No Deposit Bonus $100 | No | No | Yes | Yes |
Swap-free | No | Yes | Yes | No |
Go to ForexChief’s Official Website
1. MetaTrader 5 for Desktop
The MetaTrader 5 (MT5) platform is designed for personal computers using Windows 7 and higher operating systems. It is a next-generation MetaTrader platform that uses the MQL5 programming language. The platform hosts a vast database of Code Base technical indicators, which traders can utilize to strategize and assess the market. A built-in strategy tester enables traders to evaluate and refine their strategies before implementation. Additionally, an application store offers an array of tools designed for Direct Market Access/STP (DMA/STP). The MT5 platform caters to beginners, skilled, and professional traders, offering an advanced and comprehensive trading interface.
2. MT5 for iPhone and iPad
MetaTrader 5 also extends its functionalities to iOS users with an optimized mobile platform. Traders using iPhone, iPod Touch, and iPad with iOS 8.0 and higher can access all types of MT5 desktop version orders. One-click trading from the chart simplifies trading operations, while network traffic consumption is optimized to ensure minimal resource use. The platform also incorporates additional services and MT5 services. The MT5 mobile platform is recommended for skilled and professional traders.
3. MT5 for Android
Android users can enjoy the perks of the MetaTrader 5 platform on their smartphones and tablet computers with Android OS 5.0 and higher. The MT5 Android platform boasts interactive quotes and offers all types of orders from the MT5 desktop version. Other features include trading history, price chart scaling from M1 to MN1 timeframes, and special additional services. This version of the MT5 platform is best suited for skilled and professional traders.
4. MT5 WebTerminal
The MT5 WebTerminal is another extension of the MetaTrader 5 platform, designed for personal computers using Windows 7 and higher. It offers a seamless web-interface and carries all the advanced features of the desktop version, providing a robust trading experience for users across all levels—beginners, skilled, and professionals.
Access ForexChief MT5 Web Trader
5. MetaTrader 4 for Desktop
The MetaTrader 4 (MT4) platform is available for desktop personal computers using the Windows 7 and higher operating systems. Known for its intuitively understandable interface and the embedded programming language MQL 4, the MT4 platform offers a wide variety of indicators and tools for technical analysis. It also allows Direct Market Access through MT4 Bridge technology. Similar to MT5, MT4 is suitable for beginners, skilled, and professional traders.
6. MT4 for iPhone and iPad
The MetaTrader 4 mobile platform brings the full range of functionalities to iPhone, iPod Touch, and iPad users with iOS 8.0 and higher. The platform’s handy and well-designed interface allows traders to operate seamlessly on their iOS devices. This version is best suited for skilled and professional traders.
7. MT4 for Android
Android users can also access the MetaTrader 4 platform on their smartphones and tablets with Android OS 5.0 and higher. The platform comes with interactive quote charts, an adjustable “Market survey”, a trading history log, and 30 technical indicators. Its friendly interface ensures minimum traffic flow, making it an ideal choice for skilled and professional traders.
ForexChief Mobile App
In addition to its robust suite of platforms, ForexChief also offers a user-friendly mobile application designed to make trading operations easier. The app incorporates all the essential functions of the Personal Area, such as account opening, deposit and withdrawal, identity verification, helpdesk, bonuses and trading credits, and souvenir features. The ForexChief Mobile App is designed to be a comprehensive assistant for every successful trader, offering features like simple registration and account opening, identity verification, trading in Forex, Metals, Commodities, Indices, Stocks, and Crypto, amongst others.
Download ForexChief’s Mobile App
Bonuses, Investments, and Safety of Client Funds with ForexChief
ForexChief offers several lucrative bonuses to its clients, including a No Deposit Bonus of $100, a Welcome Bonus of up to $500, and Affiliate CPA of up to $300. The broker also provides leverage of up to 1:1000. For investments, the broker app facilitates bank transfers, credit/debit cards, and electronic payment systems.
ForexChief places utmost importance on the safety of client funds. They offer financial guarantees against technical faults and keep client funds separate from the company’s funds, ensuring robust client protection against broker insolvency. ForexChief does not shift responsibility to its technology providers or liquidity providers during technical issues but acts as the entity solely liable to the client. The broker also does not transfer client funds to liquidity provider accounts but uses its funds to meet counterparty margin requirements when placing client orders into the market.
Overall, ForexChief’s comprehensive suite of platforms, mobile app, and tools serve to enhance the trading experience, while ensuring optimal convenience, functionality, and security for every trader.