MetaTrader 5 is one of the most popular platform in the world. It allows to trade Forex, Indices, Metals, Crypto. Supports Time and Sales and Order book functionality, which was not present in previous version.
MetaTrader 5 is easy to use, which make this first choice platform for retail trades.
Tradesoft integrates with MetaTrader 5 netting and hedging account types. It’s possible to setup MT4 as master, follower or both. It works both for Real and Demo account.
One of the most seen use case is when trader trade is trading on single MT5 account but than decide to open another account with different broker.
With Tradesoft, it’s possible to focus on trading on single account and multiply trades to one or more follower accounts.
Each follower account can be different in size. There are several ways of handling risk management.
MT4 is the most popular platform for retail traders. Many Expert Advisors / indicators were written to it. Not all of them are available in MT5.
With Tradesoft you can use existing Indicators or Expert Advisors on MT4 and handle execution with broker on MT5 account.
With Tradesoft trade copier, it’s possible to copy trades between MetaTrader 4 and MetaTrader 5 platforms.