For forex traders in general, MetaTrader is the most familiar type of platform because it is available on almost all brokers. In its development, there are types of MetaTrader 4 (MT4) and MetaTrader 5 (MT5). There are also more and more brokers using MT5 as a new generation of MT4.
Aside from the conventional desktop platform, MetaTrader also has a WebTrader version that eliminates the need to install any software on traders' devices. If you look at WebTrader's essence as as a lightweight platform that doesn't require an installation process, it should be able to be operated anywhere easily, whether on a computer desktop, tablet, or smartphone. However, not all of the MetaTrader Web versions support forex trading on Android.
So, are all the WebTraders produced by MetaQuotes like that? Of course not, because only MT4 WebTrader experiences such problems. MetaQuotes has actually launched a newer version that is suitable for Mobile Trading, namely the MT5 WebTrader.
Unfortunately, most forex brokers still prefer to offer MT4 WebTrader rather than moving on to MT5 WebTrader. Traders might also need to be more careful in looking for MT5 WebTrader brokers because many of them just claim without actually providing the platform; what they say on the site doesn't actually reflect what they offer.
As such, we took the time to specifically explore which brokers claim to provide access to MT5 WebTrader and actually offer the platform.
FBS
FBS Broker not only provides beginner-friendly trading conditions but also a web-based trading platform. Offered as an MT WebTrader, FBS's MT5 WebTrader is equipped with quick access to their Personal Area and Help Center.
Traders who have previously registered at FBS and opened a demo or live MT5 account can access the web address that leads to the broker's MT5 WebTrader. The login data required is only the account number, password, and trading server.
Exness
Not wanting to be left behind in offering mobile trading via web browsers, Exness has also succeeded in providing a choice of WebTrader platforms that can be accessed on mobile devices. This broker even has 2 types of web platforms, namely Exness Terminal and MetaTrader WebTerminal.
For clients who want to trade on MetaTrader, they can choose MetaTrader WebTerminal which is specifically provided in the MT4 and MT5 versions. Both have friendly layouts and are ideal for smartphone users. Specifically for MT5 WebTrader, Exness claims that the platform is compatible on Windows, Linux, macOS, iOS, and Android devices.
IC Markets
IC Markets is a well-known broker for raw spreads. Not much different from FBS and Exness, this broker also provides access to MT5 WebTrader. In fact, IC Markets stated that the platform is compatible with popular web browsers such as Google Chrome, Mozilla Firefox, Safari, and Internet Explorer.
Some of the benefits of the IC Markets MT5 WebTrader include one-click trading, multilingual interface, chart customization, Stop Loss and Take Profit orders, as well as technical analysis features commonly seen on the MetaTrader App.
XM
Through the MT5 version of their WebTrader platforms, XM Broker proves its commitment to providing various types of platforms with complete features. As one of the brokers that uses MT5, XM certainly goes all out in presenting its services. According to information on the broker's official website, the MT5 WebTrader is equipped with 700 trading instruments and various technical analysis features.
This version of the platform clearly increases trading flexibility and convenience. Apart from eliminating the downloading process of a trading software, MT5 WebTrader also supports forex trading on Android. So, if you mind installing the MetaTrader app due to certain limitations, this type of platform could be the perfect answer.
Admirals
Presented with the principle of "No download. No specific OS. No worries", MT5 WebTrader at Admirals has basic advantages that allow you to trade anywhere, anytime, without having to download and wait a long time access the platform. More importantly, there will be no restriction in regard to OS preferences.
All the advantages of MT5 WebTrader complement the Admirals service, which basically offers various types of accounts with a number of forex instruments, CFDs, metals, shares, stock indices, energy, and bonds. Admirals could also be an ideal choice because of its legitimacy as an experienced (since 2001) and well-regulated broker.
FxPro
As one of the brokers that provides the MT5 platform, FxPro is proud to reveal its achievements as the winner of two Best MT5 Broker awards at the UK Forex Awards. FxPro can indeed provide MT5 in various versions, namely Desktop, WebTrader, and Mobile. The MT5 WebTrader is supported by a choice of instruments in 5 asset classes and market-depth.
According to their official statement, MT5 WebTrader is a sophisticated platform with a variety of useful trading features. Its specialty lies in the ease of access and operational convenience that other types of platforms cannot provide. For those of you who want high efficiency in trading, the MT5 WebTrader platform at FxPro is also equipped with one-click trading.
Swissquote
Known as an international broker with long history, Swissquote does not miss the opportunity in providing MT5 WebTrader to complement its retail trading services. Of course, the platform is present in its full capacity as a new generation trading platform.
In offering MT5 WebTrader, Swissquote does not forget to emphasize its advantages in supporting automated trading. This broker, which is part of the Swissquote Group Holding SA banking network, is commonly known as a brokerage company that does not only focus on individual traders but also asset managers and institutional traders. Therefore, this broker could be an option for experienced traders who want to step up to the pro level.
FX Choice
One more forex broker that can provide WebTrader in the MT5 version is FX Choice. Unlike previous brokers who favor MT5 WebTrader with freedom in device options, FX Choice openly states that their MT5 WebTrader is only supported on internet browsers in certain versions. For example, the platform cannot be opened in browsers with versions lower than Internet Explorer 11, Microsoft Edge 12, Mozilla Firefox 34, Google Chrome 43, Safari 8, and Opera 32.
This broker only provides 3 account options, namely Optimum, Classic, and Pro. The most contrasting difference between the three accounts is the spread. Classic accounts have spreads starting from 0.5 pips, Optimum accounts 1.5 pips, while the Pro account charges spreads starting from 0 pips.
Final Words
The best trading experience with MetaQuotes' WebTrader is now available on smartphones as long as you register with a broker that uses MT5 WebTrader. The brokers above could be the main choices that you can consider.
You can put emphasize on the credibility and reputation (Admirals, Swissquote, IC Markets ), ease of access (FX Choice, Exness), or friendly trading conditions (XM, FBS). Whatever your choice, always remember to adjust the broker's specifications to your needs and conditions.