MetaTrader 5, or MT5 for short, is the second-generation trading platform that was developed by the Russian company MetaQuotes Software. MT5 was released in 2010, 5 years after the release of the original MetaTrader 4 platform. Today, it is possible to trade both forex and CFDs based on all kinds of different assets, including many cryptocurrencies, on the platform.
Just like its younger sibling, MetaTrader 5 comes with an impressive selection of automated “Expert Advisors” and custom technical indicators. Some of these are available for free, while others can be bought via the built-in marketplace. Some of these trading strategies may also work well with in the crypto market, since this is still in many ways a less competitive market than forex.