What are the fees and charges for MT4 and MT5? - Brokereveiws Financial Community Discussions (2024)

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What are the fees and charges for MT4 and MT5? - Brokereveiws Financial Community Discussions? ›

With a standard account on either the MT4 platform or MT5 platform, zero commissions are charged as any fee is built into the spread.

MT4 Trading: Fees explained. Trading fees (Commissions) will be charged according to the notional value of the contracts being traded. Regardless of the order type, a flat trading fee rate of 0.03% will be applied for position opening and position closing.

MT5 accounts are free of additional commission fees, the Zero. MT4 and Zero. MT5 accounts are commission-based per transaction, which is common across most brokers who offer Forex ECN trading directly with the broker's liquidity providers.

Does MetaTrader 4 cost money? MetaTrader 4 is completely free to use, whether you have a demo or live account. That said, you can still incur trading costs charged by your broker (or market-maker) in the form of spreads and commissions when you buy or sell securities such as forex and CFDs.

MetaTrader 5 paid version starts at US$2,000.00/month.

A 0.02 USD (or the equivalent in another currency) per share per side (i.e. separately for opening and closing positions) commission is charged on Invest. MT5 accounts. For US stocks, 1 lot equals 1 stock. Therefore, the commission for 100 lots equals USD 0.02 * 100 stocks = 2 USD.

A quick overview of broker fees

The short answer is that when employing a business broker you'll usually end up paying a commission of around 8%-10% of the price at which they list/sell your business.

MT5 White Label Cost

The MetaTrader 5 cost of the WL license includes an initial fee of $5,000, along with a recurring monthly support fee of $1,750, covering both the mobile and desktop platform versions.

Is MT5 a Russian company? ›

App versions of the popular PC electronic trading platforms are provided by MetaQuotes Software Corp., a Russian software company that also has registration offshore in Limassol, Cyprus.

You can't use MetaTrader for trading without a broker. MT4/MT5 is a trading platforms that provides tools and features for analyzing quotes and making trades. However, you can do that only on a trading account that you opened with a broker and connected to the platform via the menu.

MT5 is a versatile platform, allowing the trading of Forex, stocks, indices, commodities, and cryptocurrencies. It boasts a more extensive array of charting tools, technical indicators, and timeframes than MT4, making it ideal for detailed market analysis.

The "Charges" field shows any extra costs that are charged by the Broker, such as transaction commissions. It does not however include the spread as that value is never shown anywhere else but as a consequence of the difference between the Ask and Bid price quotes.

Commission refers to the service charge that brokers require for carrying out transactions on behalf of their clients. This fee is typically based on the size and type of transaction. Commissions serve as compensation for the broker for the time and effort spent facilitating the trade.

Standard Account. With a standard account on either the MT4 platform or MT5 platform, zero commissions are charged as any fee is built into the spread.