The biggest advantage that MT5 possesses over its predecessor is its flexibility to offer an extended number of instruments from various asset classes with different settings, all tradable from the same interface and the same trading account. Over the years, MetaQuotes had invested in continuous development, testing and improvements, which made MT5 today as the next generation of trading platforms with extended possibilities.
It was developed by MetaQuotes Software Corp., and initially released in 2010 as a beta version. The online trading platform MetaTrader 5, or commonly known as MT5, is the successor of the well-known MetaTrader 4 (MT4).
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