MetaTraders

MetaTraders refers to software platforms used for trading financial instruments. The most well-known is MetaTrader 4 (MT4), developed by MetaQuotes Software Corp. It is widely used by online retail foreign exchange traders. MetaTrader 5 (MT5) is its successor, offering additional features and markets.

These platforms allow traders to analyze currency markets, execute trades, and use automated trading strategies through Expert Advisors (EAs). They provide charting tools, technical indicators, and a scripting language (MQL) for developing custom trading robots and indicators.

MetaTraders are typically offered by brokers to their clients. Traders download the platform from their broker and connect to the broker's servers to access real-time market data and place trades. The popularity of MetaTraders stems from their user-friendly interface, extensive customization options, and the availability of a large community of developers and traders sharing resources.

While primarily known for forex trading, MT5 expanded its capabilities to include other markets like stocks, futures, and options. Both platforms are highly regarded for their reliability and functionality in the online trading space.