Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64.29% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

64.29% of retail CFD accounts lose money.

Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64.29% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

MetaTrader Web trading platform – WebTrader online terminal

MetaTrader 4

MetaQuotes Software designed MetaTrader, an online forex trading platform. Since 2005, MetaTrader has been available for Windows PC users, and these users have been highly satisfied with the services the platform delivers. They consider it to be the best trading platform they have come across. MetaTrader is additionally available for Android and iOS users.

Although Windows PC and mobile devices are the most popular among traders, some users run MacOS, Chrome OS, Linux, and other operating systems that MetaTrader is currently not compatible with. However, MetaQuotes released MetaTrader Web so that these users could interact with the trading platform. Users of MetaTrader Web quickly began calling it WebTrader.

WebTrader
WebTrader Live WebTrader Demo

Qualities of MetaTrader Web

Operating systems with a modern web browser are compatible with WebTrader. Other qualities of MetaTrader Web make it a viable resource for forex trading, including the following:

  • Universal support – users can launch MetaTrader Web on FreeBSD, Chrome OS, Gentoo, and many other systems supporting a modern web browser.
  • Features – MetaTrader Web incorporates critical features from MT5 Desktop, such as chart creations and exports, graphical objects, 9 timeframes, and 30 technical indicators.
  • Personalizable charts – traders can customize their charts according to user-defined color palettes, technical indicators, chart elements, chart types, and other parameters relevant to their trading experience.
  • Different order types – investors may execute both instant and pending orders for their trading needs.
  • Familiar interface – traders who are familiar with MetaTrader 5 can experience a similar layout with regard to charts, trading windows, and order interfaces.
  • One-click trading – investors can easily open and close positions with a single click and not miss out on current market trends.
  • Offline access – trading history, mail, and downloaded charts and tools are available even when a trader does not have internet access.

While these qualities of WebTrader make it worthwhile, it does not feature expert advisor access, which traders will need to investigate MetaTrader 5 PC to access. Because WebTrader is web-based, resources are limited, and trading robots inefficiently use these resources.

Reasons to Use MetaTrader Web

Some traders do not have access to MetaTrader 5 PC, so they can only use WebTrader as a substitute. These are a few cases wherein traders will use WebTrader:

  • Anti-malware system – some traders like to maintain a high level of security on their computers by avoiding installing anything that can introduce malware. WebTrader requires no downloads, so traders can stay free of viruses and other malware.
  • Budget – if a trader cannot afford to buy a Windows computer just to run MetaTrader 5 PC, the trader can look to WebTrader to experience a similar interface and functionality.
  • Convenience – the platform is web-based, so as long as a trader has internet access, they can access it virtually any time they have a computer. If traders use someone else’s computer, they must clear cookies before returning it.

Despite the positives of using WebTrader, there are cases when WebTrader will not provide an optimal experience for traders. For example, a trader with a poor internet connection will suffer from lag. WebTrader requires an internet connection to constantly download and upload data to the platform, whereas MetaTrader 5 PC and mobile versions of the platform are not resource-intensive.

Traders can use MetaTrader Web in one of the listed cases. If they do not have access to a computer that supports MetaTrader 5 PC, they can use WebTrader as a tool to assist their trading. Users of MetaTrader 5 PC may still use the web-based version as an additional tool for trading.

Getting Started With MetaTrader Web

MetaTrader Web allows traders to open demo and active accounts, one of which they must open before officially using the platform. Traders may use the program as their primary trading platform or use it with another MetaTrader solution.

You will need to create a JustMarkets account before using the WebTrader. In order to create an account, sign up.

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