Forex Traders are constantly looking for platforms that offer advanced tools, good charting capabilities, and the fastest execution of trades. Though MT4 is the most popular and widely used trading platform in the world, many traders are moving to the MT5 platform for next-level trading experiences like faster execution, a wide range of assets, advanced features, and so on.
FXSway is an online offshore forex and CFD broker. Traders opt to trade with offshore forex brokers like FXSway to enjoy restrictions-free trading. Now the question comes if FXSway supports the MT5 Trading Platform. In this blog post, we will discuss if FXSway supports MT5, Trading Platforms and facilities of FXSway, Alternatives of FXSway, and so on
Does FXSway Work With MT5
No, FXSway does not support MetaTrader 5 (MT5). The platform has chosen to implement the Tradelocker trading platform instead. Tradelocker represents the next generation of day trading platforms, strategically designed to meet the demands of bold traders and savvy brokers
FxSway at a Glance
- Founded Year: 2021
- Headquarters: Saint Vincent and the Grenadines
- Minimum Deposit: $10
- Maximum Leverage: 1:500
- Regulations: None (Unregulated Offshore Broker)
- Trading platform: TradeLocker (Desktop, Web, Mobile)
- Account Types: Standard, Var, Pro, Mini
- Trading Style: Scalping, Hedging, Swing Trading, Day Trading, Automated Trading
- Payment Options: Cryptocurrencies ((BTC, ETH, XRP, LTC, DOGE & USDT)
- US Traders: Accepted
What Trading Platforms Does FXSway Use?
FXSway currently uses the Traderlocker Trading Platform. Trading is a next-generation trading platform that offers advanced charting facilities
Alternatives of FXSway Trading Platforms
FXSway is a popular offshore broker. However, there are other brokers that can serve as alternatives to FXSway. Some of the alternative brokers even offer MT5 Trading Platforms. For example, PlexyTrade offers both MT4 and MT5 Trading Platforms. These alternative brokers include
- Founded In: 2024
- Minimum Deposit: $50
- Maximum Leverage: 1:2000
- Regulations: None
- Trading Platforms: MT4, MT5
- Trading Instruments: Forex, cryptos, commodities, indices and stocks CFDs
- Founded In: 2020
- Location: Comoros Union
- Minimum Deposit: $1
- Maximum Leverage: 1:1000
- Regulations: None
- Trading Platforms: MT5
- Trading Instruments: Forex, cryptos, commodities, indices and stocks CFDs
- Founded In: 2017
- Minimum Deposit: $1
- Maximum Leverage: 1:1000
- Regulations: None ( Offshore forex broker)
- Trading Platforms: MT4, MT5
- Trading Instruments: forex, indices, commodities, shares, cryptocurrencies, precious metals
- Founded In: 2022
- Location: Bulgaria
- Minimum Deposit: $10
- Maximum Leverage: 1:1000
- Regulations: None
- Trading Platforms: MT5
- Trading Instruments: Forex, cryptos, commodities, indices and stocks CFDs
- Founded Year: 2020
- Location: Stamford Hill, Durban Kwa-Zulu Natal 4001.
- Minimum Deposit: $10
- Maximum Leverage: 1:500
- Regulations: None (Unregulated Offshore Broker)
- Trading Platforms: MT5, TradeLocker
- Trading Instruments: CFDs on stock indices, various commodities, such as gold and silver, and a wide choice of FX pairs
Frequently Asked Questions (FAQs)
What is FXSway?
FXSway is an online forex and CFD broker that provides access to various financial markets, specializing in forex trading. The broker is known as an offshore forex broker.FXSway Offers 250+ trading instruments including Forex, CFDs( Stock, Indicies, Commodities and Cryptocurrencies)
What is the MT5 Trading Platform?
MT5, or MetaTrader 5, is a widely used trading platform in the financial industry. It is the successor to MT4 and offers advanced features such as more timeframes, additional order types, an economic calendar, and improved analytical tools. MT5 is commonly used for forex and CFD trading.
What are the alternatives to MT5 Trading Platforms?
MT5 is the second most popular trading platform in the world.MT5 is not the only platform in the industry,there are several trading platforms that serves as alternatives to MT5. They include.
- MT4 (MetaTrader 4): The predecessor to MT5, it remains immensely popular for its simplicity and wide adoption.
- Ctrader: Known for its user-friendly interface and advanced charting tools.
- Tradingview: A web-based platform appreciated for its social trading features and customizable charts.
- Etoro Platforms: Etoro offers a range of trading platforms, known for its social trading network.
Final Verdict :
FXSway does not offer Metatrader 5 as its trading platform. It offers Tradelocker as its trading platform.
Tradelocker, powered by Tradingview provides a range of features and tools for executing trades, managing positions, and analyzing markets. Although it may differ from the familiar MT4 interface, Tradelocker is designed to offer a user-friendly and efficient trading experience for FXSway clients.
Trading forex and CFDs comes with the risk of losing your trading capital. Furthermore, trading with unregulated brokers like LMFX puts your funds at higher risks
