There are two main options for providing access to trading on the brokerage market – working with the company’s own terminal, as well as using the classic version, which has become Metatrader. Both variants have their benefits, but the classic one is a priority for most traders who prefer to work with a well-known and well-researched platform.
Esperio’s main trading platform, Metatrader, is the optimal choice which fully meets the needs of clients. We will describe the main benefits and reasons why the broker chose this particular program.
Why Metatrader?
Everything is quite simple. The active development of “retail” trading in the forex market began about 15 years ago in parallel with the spread of Internet access. At this time, the MetaTrader 4 platform was released, which subsequently became the most popular in the world, holding positions to this day. Many attempts have been made to introduce something new, but not a single program has been able to come close to MT in terms of the number of users. Since 2005, it has been the undoubted leader, which can only be compared with MetaTrader 5, released in 2010.
The management of Esperio decided to provide services according to the program that most of the clients like, so there was no question of choosing a terminal. The broker strives to maintain the level of service quality, this is confirmed by the constant expansion of the list of trading instruments, the introduction of bonus programs, and the development of the investment platform. The Esperio trading platform is represented by both popular Metatrader versions. Some users are happy to switch to MT 5, while others remain on MT4 and do not want to change anything.
Advantages of the MetaTrader Terminal
The reasons for the great popularity of MT are not always clear. And the beginner will not immediately understand why this program has become almost a cult in the trading environment. Let’s consider the main distinguishing features and aspects of the work, because of which everyone wants to trade in it:
- The most convenient interface, not overloaded with unnecessary elements. There is a graphical area, all other elements can be configured by the trader at will.
- Work stability. MetaTrader in Esperio has not caused any inconvenience since its inception, but the developers continue to support the program and periodically release updates to improve its capabilities. Relatively recently, by the standards of the entire life cycle of the terminal, the function of transferring stop-losses and take-profits, as well as pending orders with the mouse right on the chart, was introduced.
- The most popular platform is interesting for developers of analysis tools and automated trading. A trader can choose from literally thousands of different indicators, trading robots. Although there may be some compatibility issues with new builds, this rarely happens.
- MetaTrader in Esperio provides access to all key markets – forex, stocks, metals, cryptocurrencies, and commodities. All this can be traded without any difficulties in one program, switching between tabs in a couple of clicks.
- The program has many useful features, such as reporting and a news feed, which is constantly updated, and all key events are immediately displayed. The “Mail” tab allows you to receive notifications from the broker with various information about the company’s news, the addition of new instruments, changes in the trading schedule of any instruments.
- The platform is perfect not only for algorithmic trading but also for the implementation of the Copy Trading system in Esperio.
Esperio Trading Platform
In addition to the above, it is also worth noting the mobile application, which is available for download in the AppStore and PlayMarket. It largely duplicates the functions of the terminal desktop version, while it is not at all demanding on the power of the device. It is possible to view charts, add basic indicators, place and modify orders. The mobile version is often used on tablets; it will be almost a complete replacement for a computer. When connecting, you will simply need to choose the Esperio servers in the list. The application is intuitive, especially if you have experience using a standard Metatrader.
Differences Between MT4 and MT5
An interesting situation has been observed for many years – traders are reluctant to switch to a newer trading platform. The data varies, but even now, after 12 years, the number of clients with the MT5 terminal does not exceed their number with the MT4 terminal. The Esperio trading platform gives you a choice. Let’s consider the differences:
- Versions have different programming languages. Simply put, they are incompatible. You cannot take an indicator from MT4 and insert it into MT5. This is where the main disadvantage of MT5 comes from – it does not have such a number of all kinds of indicators and advisers that have been written for MT4 for so many years. Most often, this is the reason for choosing version 4.
- In MT5, the number of timeframes has increased. The function is useful, necessary for many. It often happens that there is no signal on the standard list of timeframes, but it appears on additional ones.
- A Market Watch appeared in MT5, but it can hardly be called a necessity.
Conclusion
Broker Esperio, when selecting a trading terminal, made the best choice, which suits the vast majority of forex traders. The ability to choose between different versions and access to trading native stock instruments through CFD allows you to cover almost the entire community. The Esperio trading platform is a universal solution, convenient, practical and functional.