what broker to use for metatrader 5 – Fee comparison included – jay forex trading school

There are yet a large number of forex brokers that still use 4 digit quotes what broker to use for metatrader 5. These quotes are fairly easy and simple to understand as the last digit indicates the genuine worth of a pip. With a sizeable number of 4 digit forex brokers still existing in the market, it is glamorous to know how they stack up adjacent to each other what broker to use for metatrader 5.

Online Forex Broker : what broker to use for metatrader 5

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Pros & Cons

1. RoboForex

RoboForex is a highly popular CFDs and online forex broker that is regulated by both the IFSC and CySEC. Founded in 2009, this online broker is furthermore registered in the same way as IFC and UK’s FCA. Being a regulated forex broker, its users can be get off assured of regulatory authorities looking after their legal interests later than utmost care.

With RoboForex, you can pick between 4 trading platforms – MetaTrader 5, MetaTrader 4, CTrader, and WedTrader. The former two platforms are considered as the industry agreeable as they come later than packed tools and features and are used by millions of traders worldwide.

Also, with RoboForex you can choose between 3 trading account types – Standard, ECN, and Cents. Depending upon the account you choose, the spreads can either be aimless or fixed. The customer hold of RoboForex is understandable 24/7 through breathing chat, e-mail; request a callback through the website and, the telephone. The website too is nearby for users in 15 alternative languages.

2. Admiral

This international forex broker, established in 2001, focuses upon discharging online trading services for CFD on equities, currencies, energy, market indices and artificial metals to retails traders everything across the world. All the operations of Admiral Markets are regulated by FCA in the UK and EFSA in Estonia.

Traders can see forward to using different welcome of the art platforms later Admiral Markets – MetaTrader 5 and MetaTrader 4. Also, to accommodate various devices and to put happening to traders carry out their activities, the broker has come out later than apps for Apple and Android devices.

One of the main features of Admiral has been their analytics. In fact, traders can dig deep into rarefied analysis, fundamental analysis, forex calendar, a unique heat map, and nod analysis to gain an idea of where the push is heading.

Customer withhold through Admiral is to hand round-the-clock via web get into form, e-mail, the telephone, and conscious chat.

3. Forex4you

For those looking for online forex trading services, Forex4you provides wealth of options. Despite creature a small player in the trading market, Forex4you has earned wealth of positive reviews and recognitions and is among entirely few players that pay for cents trading accounts for those traders that are starting afresh in the forex market.

This British Virgin Islands-based forex broker provides unaided one trading platform – MetaTrader 4 for its users next key features included in it gone Market Alerts, Automated Scripts, Advanced Charting Package, Trade Alarms, Technical Indicators and Trailing Stops. The account types user-friendly for traders in choosing Forex4you are – Cent, Classic, Pro, and PAMM.

In auxiliary to providing a wide range of trading services, Forex4you provides customer preserve 24/5 through the telephone, e-mail or Live Chat.

4. NSFX

This Maltese based forex broker primarily serves the French, English, German, Arabic and Italian markets and is regulated by a number of financial authorities including, MFSA in Malta, BaFin, FSA, MiFID, and others. Besides forex, traders can plus use NSFX for trading commodities past CFDs, Indices, Crude Oil, Gold, and Silver.

NSFX offers three alternative trading accounts – Standard MT4, Professional ECN, and VIP account as soon as each of them providing right of entry to combined indices, commodities and currency pairs. Besides the web, traders can afterward use the trading features via mobile devices.

While the NSFX website is genial in English, German, Turkish, Italian and Arabic, for customer support, traders craving to admittance any of the broker’s international locations using Online Chat or E-mail.

5. FXPrimus

FXPrimus is one of those online forex brokers that place a lot of emphasis upon performance, security and transparency. Owned by FXPRIMUS.com, this forex broker has its presence onslaught across the globe and is controlled by a number of regulatory bodies. Today, FXPrimus is a remote sponsor of Manchester City Football Club.

FXPrimus users craving to rely on MetaTrader 4 platform to carry out their trading activities. Besides this platform, the broker then offers a reliable mobile trading platform and a console trading platform called MyFX. Some of the best features on offer through this broker supplement Chart Recognition Software and Autochartist, both of which allow indicators and identify events that can assist you make the most of the trading opportunities.

Three oscillate trading accounts on offer are – Individual, Corporate and Joint accounts, besides a demo account. Customer Keep for traders is reachable in English and many additional languages. For puzzling support, traders have the other between the telephone, e-mail or live chat.