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Metatrader 5 iPhone Forex Software Review

I get my hands on the first MT5 iPhone app and compare it to other apps in the market. Metatrader 4 is such a good charting package that I was wondering when they would put all that programming power into an iPhone app. How does it stack up against other products? Is it worth using? Find out in this post.

Home / Trader Life / Metatrader 5 iPhone Forex Software Review

Last updated: August 11, 2022
By Hugh Kimura

Metatrader 4 was my first introduction to a charting platform that actually worked the way I wanted…and it is free.  Ever since I first discovered it, I have been using it exclusively.  True, it's not perfect, but no piece of software is.

But there was still something missing.

A mobile trading app that would allow me to have the same (or similar) functionality when I am on the go.  I guess that could be a good or bad thing, but I think it is something that every trader dreams of.

My first iPhone forex charting software was a big step up from what I had used before, but it was slow and very limited.  In addition, they wanted to charge $60 for you to speed up the chart loading and link it to a trading account in which they were the introducing broker.  That meant higher spreads and questionable execution.  No thanks.

So when I heard that there was a MT5 app that was available for free, I downloaded it and installed it immediately on my iPhone 3G.   Here are my first impressions:

Happy trading!

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Category: Trader Life Tag: Product Reviews, Trading Mobile Apps

About Hugh Kimura

Hi, I'm Hugh. I'm an independent trader, educator and researcher. I used to work at a hedge fund and the largest bank in Hawaii. Now I help traders optimize their trading psychology and trading strategies. Learn more about me here.

Financial freedom is probably closer than you think. Stop paying for things that don’t make you truly happy.
“Freedom (n.): To ask nothing. To expect nothing. To depend on nothing.”

― Ayn Rand

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