A Metatrader is trading software that is developed by Meta Quotes Software. This software is used for trading financial instruments online like forex, futures and options. This software was developed in the year 2002. It has evolved as among the most successful tools for trading at all times. This software includes MQL4. This is a scripting language that involves a powerful capability of real-time processing.  It is also able to provide even the smallest details in indicators. The 4.0 version is the most widely used. This includes more than fifty indicators built to it that will monitor the markets in precise ways.

A complete package of this software includes a server, mobile, client terminal, administrators, data center and manager. The client terminal is the one providing the options for trading and as well a real time information regarding the market and the indicators. However, for you to be able to start trading using this client terminal, you need to have a live account first. The most important part is the server. This is what holds the requests of the trading. It is managed by the administrator. The inquiries information and customer accounts are all managed by the manager console. The data center console is the one used to reduce the load of trading in the main server. This will help achieve an efficient level of application.

Source: www.jcjnjd.com

Website: http://www.forex.com

Headquarters:

Bedminster One
135 US Highway 202/206
Suite 11
Bedminster, NJ 07921, USA

Country: United States

Other offices countries: Subsidiaries: UK, Australia, Singapore, Japan, Korea

Phone: +1 908-731-0750

Year of company’s foundation: 1999

Liquidity Providers: Our best execution goal is supported by liquidity relationships with some of the world’s leading FX banks, such as UBS, Barclays and Goldman Sachs.

Regulated by: NFA(US), CFTC(US), FSA (UK), Australian Securities and Investments Commission, ASIC(AU) and FSA (JP)

Leverage:

50:1 Major Pairs, 20:1 Minors (US)
200:1 (UK and AU entities only)

Pip spread on majors:
PRO as low as

EUR/USD: 1.3
GBP/USD: 1.3
USD/JPY: 1.3
USD/CHF: 1.3
AUD/USD: 1.1
EUR/CHF: 1.3
EUR/GBP: 1.2
USD/CAD: 1.3

Commissions description:

At FOREX.com, you can trade on spreads as low as 1.1 pips on the most popular currency pairs. Our competitive pricing is coupled with a commitment to deliver the best possible execution on each and every trade. As always, you pay no commissions at FOREX.com. Your only transaction cost is the dealing spread – the difference between the bid and the ask price.

Fractional pip pricing: Y
Mobile trading: Y
Free demo account: Y

URL free demo account: http://ad.doubleclick.net/clk;242126754;64877452;p

Duration: 30 days

Description: Whether you’re new to currency trading or already an experienced forex trader, our risk-free $50,000 practice account is an ideal way to get started at FOREX.com. At FOREX.com, advanced trading tools, 24-hour customer support during trading hours, and a secure online trading experience are all part of our commitment to offer more to the individual investor.

Open Live Account:http://ad.doubleclick.net/clk;242126754;64877452;p

Regular Account: Y
Minimum account size for Regular Account: $2,500
Mini Account: Y
Minimum account size for Mini Account: $500 US
$250 (UK & AU)
Micro Account: Y (MetaTrader accounts only)
Minimum account size for Micro Account: $500 US
$250 (UK & AU)

Accounts denominated in non-USD currencies: CHF, EUR, GBP, JPY (AUD, NZD in AU only)

Segregated Accounts: Y (UK, JP, and AU accounts only)

Payment methods: FOREX.com offers clients four convenient ways to fund their trading account. Fund your account via credit card, eCheck (US only), wire or check.

Services: Trading 24 hours a day from Sunday 5pm ET – Friday 5pm ET. Commission free trading (FOREX.com is compensated through the bid/ask spread). Web-based trading platform requires no download or installation. Free access to charting, news and research. 24 hour customer support via phone, email, and chat during trading hours. Mobile trading available.

24 Hour trading: Y

Hedging Facilities: Y (MetaTrader, UK and AU accounts only)

Order Types: Market, limit, stop loss, If/Then, If/Then OCO, OCO, trailing stop

FIFO Rule: Y (ForexTrader and MetaTrader US)

Pairs Offered:

AUD/CAD
AUD/CHF
AUD/JPY
AUD/NZD
AUD/USD
CAD/CHF
CAD/JPY
CHF/JPY
EUR/AUD
EUR/CAD
EUR/CHF
EUR/CZK
EUR/DKK
EUR/GBP
EUR/HUF
EUR/JPY
EUR/NOK
EUR/NZD
EUR/PLN
EUR/SEK
EUR/TRY
EUR/USD
GBP/AUD
GBP/CAD
GBP/CHF
GBP/JPY
GBP/NZD
GBP/USD
NZD/CAD
NZD/CHF
NZD/JPY
NZD/USD
SGD/JPY
USD/CAD
USD/CHF
USD/CZK
USD/DKK
USD/HKD
USD/HUF
USD/JPY
USD/MXN
USD/NOK
USD/PLN
USD/SEK
USD/SGD
USD/TRY
USD/ZAR
ZAR/JPY

Other instruments:

Spot metals (UK and AU entities only)
CFDs (UK and AU entities only)

Platforms:

FOREXTrader PRO, FOREXTrader Web, Mobile Trading: iPhone and Android applications.

Platform Description: Our FOREXTrader platforms combine ease of use, flexibility and a full suite of professional charting and order management tools, all on a single screen. Best of all, you can use the same User ID and Password to switch between platforms at will, putting you in control of your trading experience. No debit balance guarantee. Free access to charting, news, and research. 24-hour customer support via phone, email and chat during trading hours. Wireless trading available. USD, EUR, CAD, YEN, CHF, AUD and GBP deposits are accepted.

MetaTrader 4 and MT4 Mobile

Platform Description: Traders can benefit from all of the features of the MetaTrader 4 trading platform, as well as the competitive pricing and services of FOREX.com. This highly intuitive platform with advanced trading capabilities offers you the ability to place advanced orders – including hedge support for strategies that require placing opposing trades (UK and AU only).

Trading from charts: Y
EA Compatibility: Y (MetaTrader only)
Platform Video Tour: Y
Platform Video Tour URL: http://www.forex.com/tour/windows.html

Support

FreePhone: Toll Free US: 877-367-3946
Freephone UK: 0800 032 1948
Freecall Australia: 1800 052 278
Toll Free Japan: 0120-288-168
Fax: US: 1-908-731-0701
UK: +44 (0) 208100 5599
AU: +61 2 9221 0591
E-mail: info@forex.com
E-mail average response time: 1 business day
Languages: English, Chinese Traditional, Chinese Simplified, Arabic, Russian, and Japanese

24 hours a day from 10AM Sunday to 5PM Friday (ET)
Saturdays 9AM to 5PM (ET)

Educational Programs:

Discover how our learning resources can help you expand your currency trading knowledge. Watch video tutorials, attend our webinars, and read through a library of articles touching on every area of Forex trading.
Educational Programs link: http://www.forex.com/Learn

Research: Our experienced research team provides robust market analysis you won’t find anywhere else, from real-time commentary to essential daily and weekly reports that summarize key market developments with an insightful perspective. Also, access a full breadth of institutional -grade research to help you monitor the Forex market – their reports combine a chartist’s approach with traditional and proprietary indicators and pattern recognition to evaluate directional moves, identify price targets, and scan the markets for potential trade ideas.

Awards: FT Investors Chronicle, Best Forex Platform (2010)
Middle East Online Trading Summit, Best Retail Services Provider (2010)
Moscow Forex Expo, Best US Broker (2010)
Shares Awards, Best FX Broker (2010)

Social Media Links

Forex.com Twitter: http://twitter.com/#!/forexresearch
Facebook: https://www.facebook.com/forex.com
Forex.com Research Team Twitter: http://twitter.com/#!/forexdotcom
RSS Feed: http://www.forex.com/weekly.xml

Source: www.actionforex.com

If you have always desired to do some Forex Trading but never been able to take out time from your busy schedule, you need not worry anymore because Forex Trading can now be done from the ease of your iPhone. With MetaTrader 5 not only can you follow but also trade directly from your iPhone.

With MetaTrader 5 you can quickly make accounts and trade with some of the biggest broker servers like NordFX, N2Markets, AlfaForex, ActivTrades, Exness, MetaQuotes, United World Capital, Straighthold Investment Group, FXDD, and AFBFX.

Getting started with forex trading requires educating yourself on the basics. Forex trading is serious business and there is much to learn before you can begin. Taking the time to educate yourself can help you avoid costly mistakes. Before you actually commit any money to live trading, like anything else, you’ll need to spend some time practicing.

Practicing is not exciting, but it is necessary, and it should even be required when money is going to be on the line. In forex trading, you can practice using a forex practice account or demo account. If you have always wanted to try forex trading; you can do it now without risking any of your money with a Demo account from MetaQuotes or any of your favourite brokers. A demo account is a virtual account that comes with play money that you can make virtual trades with. Demo accounts are free of charge and they are supposed to represent actual market conditions. Some brokers limit the demo account to 30 days of use. A good broker allows unlimited use of a demo account.

MetaTrader 5 offers an user friendly easy to use interface with a rich variety of features like charts, analytics tools (coming soon), live currency changes and more. The functionality of MetaTrader 5 for iPhone is similar to the PC version, but the application interface is adapted to make your forex trading more comfortable. You can change the view of graphs, pinch to zoom in and out, view currency value relative to date, time and current change. You can also decide in which timeframes you want the boxes/lines to appear on. Upper or lowercase, separated by commas. Valid entries are M1, M5, M15, M30, H1, H4, D1.

MetaTrader 5 is really eye catching app for forex available on the app store for free.

Screenshots from the app :

Source: www.iphonefootprint.com

Soon charts will appear in the MetaTrader 5 Mobile. With the new version, traders will be able to conduct trade operations and visually monitor real-time quotes. However, this is not the last innovation – this is only an interim step towards a mobile terminal equipped with technical analysis tools. Immediately after the release of the version with charts, we will start developing a terminal with indicators and graphical objects. With the new features, the MetaTrader 5 Mobile will provide the widest opportunities to traders, opening a new insight into mobile trading.

The features of the MetaTrader 5 Mobile Terminal continue to expand. So follow the news to keep abreast of the latests developments.

Source: www.metaquotes.net

Advances commitment to transparency by allowing performance numbers to speak for themselves

Interbank FX LLC, one of the industry’s leading global providers of online forex trading, continues to provide customers with transparency metrics in 2011, further signifying a commitment to providing the best trading experience for customers and partners.

Execution success data is rarely made public in the forex industry, yet IBFX’s performance statistics for January 2011 unveil that execution rates have averaged 99.9%—with an overall rejection rate of 0.1%.

“IBFX is an open book via our performance page,” said Todd Crosland, chairman and president of Interbank FX. “We feel confident that our technology surpasses our competition, which is why we open up the hood of our engine. With IBFX, weekly rejection rates are displayed frequently so traders can objectively analyze the rejection rates and determine their best outcome.”

Interbank FX’s Transparency Metrics—January 2011 (source; ibfx.com/performance)

Number of January Tickets: 7,135,859

Overall Rejection Rate: 0.1%

5-50 Lot Rejection Rate: 0.3%

Average Execution Time: 7.16 milliseconds

*Date range of data comprised from 1/1/11 through 1/31/11.

“Our performance page demonstrates the agility and speed of our Core infrastructure—technology in which we’ve invested millions of dollars in to deliver a streamlined trading experience,” said Crosland. “Our customer’s deserve to know how their trade is executed, which is why we provide information on all major pairs over any period of time—allowing customers to always be aware of a trade’s execution rate, trade speed and the average spread (price) for each currency pair.”

Source: www.ibfx.com/corporate/

To view the full article, please visit: http://www.metatraderglobal.com/253/metatrader-5-trading-system/

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