What is Metatrader 5? Is metatrader 5 legit?

Metatrader 5 (MT5) is widely used by traders. However, many traders still ask the question: Is the software is Metatrader 5 legit? To get the most accurate answer with this software. Please follow the article below from Learn Forex Trading.

What is Metatrader 5 software?

Before going into is Metatrader 5 legit, let’s find out what Metatrader 5 is. Below we will share specifically about MT5 for you to understand clearly.

• MetaTrader 5 is a trading software that helps and supports traders in detecting outstanding signals in the financial markets.
• This platform was developed by the parent company Metaquotes and has been in use since 2010. To improve the MT4 software. Besides, MT5 has shown a long-term vision. Because of a strongly developing financial investment market shortly. 
• However, traders should note that MT5 software is not compatible with MT4. You cannot upgrade or replace MT5 with MT4 or use it in the opposite direction.

  

See more: Financial trading performance: MT5 platform

Is the software is Metatrader 5 legit?

To make an accurate assessment of whether the software is Metatrader 5 legit. Then we need to look at many aspects. As well as evaluation through actual use. To clarify this issue, we would like to provide the following information. It will help investors understand how reputable MT5 is:

Reliability

• If you evaluate Metatrader 5’s reliability based on its operating license from the financial regulator. Then that is a wise thing.
• The information about Metatrader 5 being a scam is completely absurd. Because it is integrated into margin exchanges and licensed to operate by ASIC organization. 
• Information about Metatrader 5 operations will always be updated. In addition, these activities are monitored by ASIC, so the platform cannot use traders’ investment money for other purposes. 

Transaction processing speed

The stable and fast nature of Metatrader 5’s transaction processing has endeared it to many users. Currently, many platforms are experiencing slow network errors. That affects investors’ trading orders. But with MT5, you do not have to worry because this software is designed to specifically handle those issues.

Low cost of use

Above we have shown that MT5 is very reputable. This software has many outstanding advantages. It is used by many investors around the world. Currently, MetaTrader 5 software is being used completely free of charge on trading exchanges. However some exchanges charge users for trading orders. However, this fee is quite low and can be accepted. Even if you download MetaTrader 5 to your computer, Mac, iOS, or Android phone, it is free. The company does not collect any fees from traders.

Is Metatrader 5 software a scam?

Those who have used it rate it as good, and effective and help them make transactions quickly. But if you are still wondering if it is true. Then find out more information below:

• The question of whether Metatrader 5 software is a scam is often asked by people on Forex forums. Because the Forex market is very fertile. Many traders choose this trading platform to make profits.
• Therefore, foreign exchange can be a smart investment but has many risks. And the most concerning risk is still whether the Forex exchange is defrauding customers. No matter what trading software you use, you can always be scammed. Not to mention Metatrader 5 software in particular.
• Therefore, we cannot say that if the broker is a scam then the Metatrader 5 software is a scam. According to our research, whichever exchange MT5 is on, that exchange is mostly reputable.

  

In addition, traders need to know that MetaTrader 5 is just software for integration on the trading platform. It has met common trading standards on global online exchanges. More specifically as follows:

• MT5 software has high security.
• It is a quality product of Metaquotes company. At the same time, this company has a history of operating in the industry for more than 20 years..

Factors to determine the reputation of Metatrader 5

This is a platform that supports traders and is completely scam-free. Is Metatrader 5 legit? We confirm that we are reputable. To be able to give the most accurate answer about how reputable the Metatrader 5 software is, you need to find out the following factors:

Reliability of Metatrader 5 software

MetaTrader 5 is known as one of the “favorite” products of the margin trading platform. And it is licensed by ASIC, all information is public and transparent. Products, information about MT5 software, and fluctuations will be continuously updated in real time. Not only that, MT5 is also supervised by ASIC financial institution. So it is always protected and safe. There are never any problems with customer investments here. This is something that very few exchanges today can do.

See more: Registering XM broker account on the phone

Metatrader 5 transaction processing speed

Metatrader 5 has a very stable transaction execution speed. The speed of processing transactions is also very fast according to market fluctuations. In addition, if you fall into a situation where there is a network connection error on the server, there is no need to worry too much. Because the exchange will always be ready to support you. Especially, investors can also integrate transactions on many different devices at the same time.

So is Metatrader 5 legit? When trading on MT5 software on the exchange, you do not have to pay any fees for this platform. The fees incurred will be paid by the brokerage company. Depending on each exchange, there will be a different fee for each transaction order. So this MT5 platform fee is completely free for trading investors.

Recently, questions regarding the Metatrader 5 scam issue have been popping up intermittently. Nowadays, many traders are getting rich from foreign exchange investments. This has created conditions for virtual forex exchanges to spring up like mushrooms. New investors lack knowledge and are not properly guided, so their investments can easily lose money.

Epilogue

Hopefully with the information that Learn Forex Trading has just provided above. Will help traders answer the question is Metatrader 5 legit? By learning all the knowledge in the article, you will know that MT5 is not a scam. If you use it with careful research and full knowledge, it will help you bring in profits. Good luck!