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MT5 is the successor to the popular MetaTrader 4 (MT4) platform and is widely used in the financial industry, particularly in Forex (foreign exchange) and CFD (contracts for difference) trading. More about MT5 brokers you can read here https://fxaudit.com/best-mt5-brokers/. MetaTrader 5 offers various features and improvements over its predecessor, including:

More financial instruments: MT5 supports trading not only in Forex and CFDs but also in stocks, commodities, and futures, providing traders with a broader range of options.

Timeframes: MT5 allows traders to use more timeframes for analyzing price movements and making decisions.

Technical indicators and analytical tools: MT5 includes an extensive set of technical indicators and analytical tools to assist traders in conducting in-depth market analysis.

Economic calendar: MT5 has an integrated economic calendar that displays important economic events and indicators, helping traders stay informed about upcoming events that might impact the markets.

Hedging: MT5 permits hedging, allowing traders to have both long and short positions open simultaneously on the same instrument.

Multi-currency tester: MT5 offers a multi-currency strategy tester that allows traders to backtest their trading strategies across multiple currency pairs.

MT5 brokers are companies or firms that offer access to the MT5 platform to their clients. Traders can download the platform, create trading accounts with these brokers, and then trade various financial instruments using the features provided by the MetaTrader 5 software.

Keep in mind that the trading landscape may have evolved since my last update, and new developments might have taken place in the world of financial markets and trading platforms.

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