Metatrader 5 iPhone Review
By Simon Burns On 8 Aug, 2012 At 10:15 AM | Categorized As iPhone, Reviews | With 0 Comments

Metatrader 5 for iPhone is trading software that is a bit more flexible than what you may usually expect on iPhone. The main differentiating factor is that is allows you to connect to any brokerage server you like, allowing you to trade Forex.

Here, according to the developer, are all the app’s features:

Trade Forex with your iPhone or iPad!

The world’s most popular Forex trading platform MetaTrader 5 is now available on iPhone and iPad free of charge. With the MetaTrader 5 iPhone you can control your account, trade in the financial markets and use technical indicators for market analysis.

TRADING

• Real-time quotes of financial instruments
• The full set of trade orders, including pending orders
• Support of all types of execution modes
• History of trading operations

TECHNICAL ANALYSIS

• Real-time interactive charts with zoom and scroll
• 30 most popular technical indicators: Accelerator Oscillator, Accumulation/Distribution, Alligator, Average Directional Movement Index, Average True Range, Awesome Oscillator, Bears Power, Bollinger Bands, Bulls Power, Commodity Channel Index, DeMarker, Envelopes, Force Index, Fractals, Gator Oscillator, Ichimoku Kinko Hyo, MACD, Market Facilitation Index, Momentum, Money Flow Index, Moving Average, Moving Average of Oscillator, On Balance Volume, Parabolic SAR, Relative Strength Index, Relative Vigor Index, Standard Deviation, Stochastic Oscillator, Volumes and Williams’ Percent Range
• 7 timeframes: M1, M5, M15, M30, H1, H4 and D1
• 3 types of charts: Bars, Japanese Candlesticks and Line
• Adjustable graphical settings of technical indicators (color, line width)

CONVENIENCE

• User friendly interface
• Trade levels and volumes on chart
• Offline mode (prices, charts, current positions, all trading history)
• Minimum traffic
• Push notifications from the desktop terminal and MQL5.community services, viewing received notifications

The app is pretty comprehensive, although there is one big thing missing: true iPad support. Making the iOS version universal would be fanatastic, but as it is, traders who want to use this on iPad have to put up with the blocky, zoomed in window that Apple offers.

It is a shame, especially given the fact that the developer would essentially be doubling their audience by doing it. Aside from that, there is little missing here. Pivot points would be nice, but maybe I am just being picky, as there is actually a lot to like here.

With plenty of options, a nice user interface and full trading history, Meta trader 5 for iPhone is a very good and well rounded app, it is just a shame it isn’t universal. Overall, as a free app, this is well worth a try for experienced and budding traders on iPhone.

MetaTrader 5 - MetaQuotes Software Corp.

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Simon Burns

About - Simon Burns is the editor and founder of VoxelArcade and The Smartphone App Review. He has been a fan of technology for over twenty five years and loves playing with gadgets and spending time with his family. You can get in touch with him via the ‘contact us’ section of the site or on Twitter by following @smartappreview

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