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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 / Trading Tools and Resources / Metatrader 5 iPhone Forex Software Review

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:

SEE ALSO: Forex scalping secrets revealed (full interview)

How do you check your charts when you are on the road?  Leave a comment below…

Related Episodes

How to Broadcast Metatrader Alerts to Multiple Traders/Devices
How to Show All Available Currency Pairs In Metatrader 4
How to Quickly Flip Through Charts in Metatrader 4 to Identify Trading Opportunities

SEE ALSO: Get the trading chart patterns cheat sheet

Category: Trading Tools and Resources Tag: MetaTrader 5 Tutorials, Trading Mobile Apps

About Hugh Kimura

Hi, I'm Hugh. I'm an independent trader, educator and international speaker. I help traders develop their trading psychology and trading strategies. Learn more about me here.

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First posted: June 2, 2011
Last updated: April 1, 2020

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CFTC Rules 4.41 - Hypothetical or Simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, because the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Testimonials appearing may not be representative of other clients or customers and is not a guarantee of future performance or success.

 

 

 

 

 

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