How does the metatrader trading platform differ between different brokers?

Ten years ago, almost every brokerage company tried to be special and offer clients their own trading platform.

But gradually, most brokers became convinced of the advantages of metatrader and gave preference to this trading platform.

This is not surprising, because metatrader versions 4 and 5 are currently considered the most popular trading program.

A huge number of third-party scripts have been developed specifically for the metatrader, which can be easily downloaded from the market or sites dedicated to exchange trading.

Metatrader is so universal that in the program itself you can select a broker and open an account, sometimes you don’t even need to visit the brokerage company’s website.

But despite this, the same trading platform may differ depending on the brokerage company.

What changes in metatrader when you change broker

To begin with, it should be noted that changes occur not only when changing a broker, but even when changing an account within the same brokerage company.

Number and types of assets

First of all, the differences relate to the quantity and types of assets available for opening transactions.

For example, if you have an account in the metatrader 5 trading platform from the broker RoboForex - https://roboforex.com/ , you can select an asset from the following list of symbols:

At the same time, the symbol selection window in the Alpari company - https://alpari.com/ has many more positions:

Depending on the broker, the number of available assets sometimes differs several times.

Operation speed

It would seem that the same program is installed on the same computer, but you just need to switch between brokers and the metatrader starts working completely differently.

On the account of one broker, the change of time frames occurs instantly, while on another you need to wait a few seconds until the chart is updated. There are also differences in the time of opening orders.

Script work

This is not the first time I have encountered when the same indicator, script or advisor simply refuses to work for a certain broker.

Often these are restrictions imposed by the brokerage company itself, and in some cases the conditions are specified in the script code itself.

Therefore, sometimes you shouldn’t waste time setting up a tool that doesn’t work, but just check its functionality in the terminal of another broker.

Trading conditions

Despite the fact that there is only one trading platform, transactions are opened in it in accordance with the trading conditions of the currently active account.

Parameters such as spread size, swap, and leverage size will depend only on the trading conditions of your broker.

This also applies to various restrictions - the possibility of hedging , order setting parameters, minimum and maximum position sizes, and much more.

We can say that the metatrader trading platform provides basic functionality on the basis of which the trading process takes place, but most of the nuances depend only on your broker and the type of account on which you trade.

Brokers with metatrader 5 - https://time-forex.com/vsebrokery/broker-metatrader5