The right choice of a trading platform for a trader is equivalent to choosing a musical instrument for a musician.

The speed of transactions and their profitability depend on the understandability and convenience of the program. The features of the program clearly define your capabilities in the market. That is why the right choice of a trading platform is extremely important.

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A trading platform is a program developed to carry out trading operations on the market from your personal computer or smartphone. The Trading Platform or the Trading Terminal allows you to buy or sell a trading instrument such as currency, stock, futures, analyze, use charts and other additions to manage your accounts.

Trading platforms

MetaTrader 4 (MT4)

MetaTrader 4 (MT4) is one of the most promising developments. Convenience and informational content of the terminal for trading make this platform full-fledged for trading in the Forex market.

The MetaTrader 4 trading platform was released on July 1, 2005. During this time, it has become one of the most popular trading platforms. This can be explained by the opportunities that MetaTrader 4 opens up for the trader:

MT4 Advantages

  • using different technologies for orders, such as Instant Execution and Request Execution;
  • confidentiality of trading operations;
  • full technical analysis thanks to a large number of built-in indicators and other tools, as well as support for various time periods;
  • possibility to write own indicators and scripts;
  • the presence of a news feed, which contains the latest information on events in the Forex market;
  • ability to use the built-in programming language MetaQuotes Language 4;
  • the ability to test robots based on historical data;
  • clear interface.

UTIP WebTrader

UTIP is a new online platform that provides an excellent alternative to the products previously reviewed. For beginners, it offers usability, as it is simple and intuitive. UTIP has a panel on the right side that facilitates access to various functions. UTIP has serious functionality for performing technical analysis, beautiful design and user-friendly interface.

The first release of the MetaTrader 5 platform was released on June 1, 2010. In the new version of the platform, expansion of functionality was expected to work not only in the foreign exchange, but also in the stock markets.

UTIP combines the capabilities of two markets, Forex and binary options. Bidding takes place in a single terminal and from one account. Toolkit and functionality are equally available in these two markets.

Web Trader Advantages

  • convenient interface that allows a trader to perform operations quickly with opening and closing transactions, changing current positions, viewing reports, etc.
  • the modern design in dark colors looks equally great both on PCs and on laptops, tablets and other mobile devices;
  • a complete set of tools for technical analysis with many functions can satisfy the needs of any professional trader;
  • UTIP has a huge number of indicators them (more than 30) which can be tailored to specific needs. If desired, you can add your own indicator;
  • the terminal has the ability to draw on the chart using 29 drawing tools: lines, channels and other icons. This gives a trader more freedom.
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  • Server
  • Reports
  • Built-in indicators
  • Analytical objects
  • Log files
  • Orders management
  • Platform for trading
  • MT4
  • 1 dedicated server
  • Reports are in HTML format only
  • 30 built-in indicators and 33 analytical objects
  • The number of analytical objects  – 31.
  • Are not commpressed automatically
  • Closing a single open trading position
  • Platform for trading
  • 4 main servers
  • Reports are displayed in HTML and Open XML format.
  • 38 built-in indicators
  • The number of analytical objects  – 44.
  • Are automatically compressed
  • Allows partial orders
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