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Taurex FAQs

Find answers to all your questions about trading with Taurex.

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What is MT5 and why is it popular for trading?

MT5 is a widely used trading platform known for its advanced features, expanded asset classes, and powerful analytical tools. Traders prefer it for its versatility and comprehensive trading capabilities.

Can I trade on MT5 with Taurex using mobile devices?

Absolutely, Taurex’s MT5 platform is fully accessible via both Android and iOS mobile devices. This allows you to manage your trading account, track position changes, and execute trades, all while enjoying the flexibility of being mobile.

Can I set up custom indicators and trading algorithms on MT5 with Taurex?

Yes, MT5 with Taurex offers a flexible environment for custom indicator creation and algorithmic trading. You can utilize MQL5 programming language to develop your own indicators and Expert Advisors.

What are the main differences between MT4 and MT5?

MT5’s interface is more intuitive and advanced compared to MT4, giving you ample space to monitor multiple currency pairs effortlessly. With a wider range of technical indicators, analytical tools, and graphical objects, MT5 empowers you to conduct in-depth market analysis and make well-informed trading decisions. The availability of more timeframes enhances your flexibility in analyzing price movements effectively. Furthermore, MT5 offers a broader selection of order types, including advanced pending orders, while its ‘Market Depth’ feature provides valuable insights into market liquidity.

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