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July 26, 2016

Question:How different between MT4, MT5 and cTrader of FXPro?

Answer:

To compare the platform features, FXPro’s official website may offer a latest and comprehensive tables for investors.

FxPro Official Website

FXPro offers 3 different trading platforms and FXPro Edge platform.

Here are the main features of each trading platform.

MetaTrader4 Trading Platform

fxpro metatrader4 trading platform forex

On the FxPro MT4 platform they offer instant execution with no-dealing-desk intervention, with client orders being immediately put through to their liquidity providers.

There is no commission fee for trading, FXPro applies a small mark-up to the spreads.

It is the most basic and popular Forex trading platform in the world, and majority of the online Forex brokers adopt this trading platform.

Common VDP(Virtual Dealer Plugin) is the one thing many traders are worried about MetaTrader though, as FXPro is a NDD broker you do not need to worry about it.

There are thousand of tutorials and programs that you can utilize with MT4.

If a trading tool is not available in MT4, then it wouldn’t be available with other trading platforms.

MetaTrader5 Trading Platform

fxpro metatrader5 traidng platform forex

On the FXPro MT5 platform they offer market execution and provide their clients with full market depth information, tick chart trading and an integrated development environment for Expert Advisors.

This is the trading platform built by the same company(MetaQuotes) which has built the MT4 though, it wasn’t so popular as MT4 and many bugs and less amount of available trading options were troubling traders.

Now that MetaQuotes are hardly working on this product, MT5 is becoming the second popular trading platform.

MT5 has got similar user-interface as MT4 and many other trading tools.

FXPro is one of a few brokers in Cyprus that offers MT5 to traders for years.

cTrader Trading Platform

fxpro ctrader ecn trading platform forex

FxPro cTrader pools all available liquidity directly to the platform and sends orders straight through to the market.

Clients receive market spreads without any mark-up and pay a commission fee of 45 USD per 1 million USD traded upon opening and closing a position.

Clients always receive the best available bid and ask prices for the volume being traded, with orders being filled at VWAP (Volume Weighted Average Price).

ECN(Electronics Communication Network) is built-in the cTrader and Spotware(the creator of the platform)  guarantees that there is no price manipulations or interference to your orders.

cTrader has got more easier user-interface.

Many traders find it easier to use than MetaTraders.

Click here for the FxPro Platforms Comparison Table.

You can find it by scrolling down the page.

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