MetaTrader 5 Beta Testing

MetaTrader 5 is at the stage of public beta testing till the 1st of February, 2010.

Today the public testing of the MetaTrader 5 client terminal starts. All of you now can participate in it. If you want to become the testing participant, just download the terminal and test it. You can send your bug reports and suggestions by email or publish them in this topic.

Now Metaquotes have launched the Beta testing of their latest platform, Metatrader 5 (MT5). This has been some 4 years in the development and promises to improve many of the inadequacies experienced in MT4.

MT5 has been totally written from scratch and offers many new features, including:

1) Access to more asset classes - including options, futures and stocks (exchange based rather than via a CFD as with MT4).
2) Access to market depth, or order ladders/trees.
3) New order types.
4) Easier programming language for EAs. Some suspect that MT5 also makes it easier for a broker to view the EAs parameters via a "back window". If so, MT5 improves dramatically the ability for a broker to run a hedging strategy against the clients EA trades. This could be seen as an advantage for both sides, as "legitimate" EAs will be more readily acceptable by brokers.

Even though beta testing has only just begun on MT5, there are already many comments and posts already written about the functionality, advantages and disadvantages of the platform which you can read about on various forums.

If you want to participate in this beta testing you can download the platform via this link.
Please note at the moment this is only available for Forex - they will be rolling out other asset classes over the coming weeks.

We will post our comments and feedback on MT5 in our next update. Let us know what you think! If you have any questions regarding MT4, MT5 and its application with the brokers on our site, drop us a line and we will be happy to help.