Your Essential Guide to Trading Platforms: Find the Perfect Fit for Your Trading Style with FBS

Since you read this post on the FBS blog, you definitely keep an eye on opportunities for income growth. We are glad you want to reach financial success and improve your wealth through trading. Now, let’s decide on the essential tool you need — your trading platform.

First things first, you should know your options. A trading platform is software that allows you to trade through brokers. A platform enables traders to open positions for different trading instruments, follow their trading strategies, analyze their performance, and apply risk management settings to improve their results.

With your FBS trading account, you can choose the platform you will be most comfortable with. Let’s find out which trading platform is the one and only for you. We’ll describe the differences between the major players, who they are intended for, and why you may want to choose one over the other.

FBS mobile app

Let’s begin with the most straightforward option that will work for everyone regardless of their trading experience—the FBS mobile app. The developers have done their best to make the app a simple solution anyone can master and enjoy.

FBS is positioned as an all-in-one app for trading. With everything a trader needs, it is a solution to help everyone uncover their potential in online trading.

What does “all-in-one” mean? It means you download and install a single app, and you don’t need anything else on your device as you will have all your needs covered:

Manage your balance: deposit and withdraw money using one of 200+ payment providers
Receive valuable content in push notifications
Customize the charts for the instruments using various indicators
Trade right in the app and apply risk management settings
Access your trading performance in a single tap
Contact support service 24/7 in a live chat

Is the FBS mobile app right for you?

The FBS mobile app gives you all the tools and resources to trade smart. It is probably right for you if you are looking for a comprehensive yet simple solution. It works both for newbies with limited experience who want to master the art of trading and for more advanced traders who want a straightforward solution for their mobile lifestyle.

MetaTrader 5

MetaTrader 5 is a sophisticated platform with advanced features. It is particularly useful for those who prefer to trade on the desktop and use endless customization options. However, its vast range of features can sometimes make it difficult to grasp for those who don’t have enough expertise.

MetaTrader 5 was launched in 2010 with the intent to be more than a newer version of the popular MetaTrader 4 platform. It was intended to be a platform for trading stocks, futures, and commodities. The developers used a different programming language, so end users received more tools for developing their algorithmic trading programs and electronic assistants.

MetaTrader 5 has advanced features enjoyed chiefly by advanced traders who want to perfect their trading.

21 timeframes
90 indicators and charting tools
Six types of pending orders

This may sound too complicated for novice traders, but experts enjoy using MetaTrader 5 on their desktops for comprehensive analysis and multi-functional trading. Some also combine mobile trading in the FBS app with a more detailed workflow in MetaTrader 5 on the desktop. You may open a casual position when an opportunity arises while on the go and do more careful analysis when you return to your desktop.

Is MetaTrader 5 right for you? If MetaTrader 5 is for you, you probably already know it: you have enough experience to need all the tools supported by MetaTrader 5 on the desktop. It may be too complicated for a novice trader who will find it hard to understand all the indicators and tools available. However, if you need an advanced platform for more focused trading, you will probably find the right solution in MetaTrader 5.

MetaTrader 4

For a long time, MetaTrader 4 was a go-to solution for traders of all kinds. Now, it is still considered an all-time classic by some traders. Others admit it is a traditional tool, but now it leaves something to desire.

The platform was launched in 2005, and for years, it has been the most downloaded trading software. It still has its loyal fans who do not consider other options and refuse to even think about moving elsewhere.

However, more and more traders now choose the more advanced, newer MetaTrader 5 platform. Many traders also want to move their trading routine to their mobile devices, so they choose a solution that will work on the go, such as the FBS mobile app.

Is MetaTrader 4 right for you? If you are not one of the long-time fans of MetaTrader 4, you probably won’t want to download it now. The trading world evolves rapidly, and the trading platforms do so, too. You will probably want to use more advanced, up-to-date tools to master trading.

Food for thought

Let’s sum it all up.

FBS mobile app is a fresh, all-in-one product that meets all your trading needs. With its intuitive user interface, customizable charts, easy-to-use trading stats, and valuable content delivered right to your mobile device in push notifications, it is a comprehensive solution for trading on the go.
MetaTrader 5 provides an extensive feature set for skillful, experienced traders. If you select MetaTrader 5 as your trading platform when creating a new FBS trading account, you can trade on this account both in MetaTrader 5 and the FBS mobile app.
MetaTrader 4 is still loved by many traders who have mastered it and don’t want to move elsewhere and learn new tools.

All the platforms are free to use, so you can try them and decide which works best for you.

FAQ

What trading platform is the best?

There is no “best” trading platform: there are options that work for some people and options that work for others. You should choose a platform based on your trading preferences, lifestyle, and experience.

Can I trade on a mobile device only?

Yes, this approach is becoming rather popular among traders these days. People tend to want to learn about market movements and open positions no matter where they are—chilling on the beach or having lunch at a restaurant. The FBS mobile app aims to be a comprehensive solution that will meet these needs.

Is MetaTrader 5 better than MetaTrader 4?

Both platforms are delivered by one provider, but MetaTrader 4 is only used by long-term fans who do not want to move to a newer tool. MetaTrader 5 is a more advanced, up-to-date solution with a more modern look and feel.

What trading platform should I use?

Your choice of trading platform depends on your trading lifestyle and experience. If you only master trading or want to trade mainly on the go, you will want a more straightforward, comprehensive solution, such as the FBS mobile app. If you have enough experience to feel that you need even more customization options and want to trade while sitting at your desk, you may opt for MetaTrader 5.

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