The MT4 platform is one of the most popular trading platforms amongst new and established traders.
It offers a comprehensive set of features designed to empower traders with the tools they need to succeed in the dynamic world of financial markets.
From advanced analytical tools to smart trader features and community support, it caters to the diverse needs of traders while providing a seamless trading experience.

Key Features:

• Analytical Tools: The platform boasts a wide array of analytical instruments, including advanced charting capabilities and a diverse range of technical indicators. These tools empower traders to conduct thorough market analysis and make informed trading decisions.
• Smart Trader Tools: Enhancing functionality, the platform provides smart trader tools such as Expert Advisors (EAs) and a variety of indicators, allowing for automated trading strategies and advanced charting features.
• Order Types and Execution Options: Traders benefit from the flexibility of various pending order types and execution options, enabling precise control over trade entry and exit points.
• Community and Customization: Access to a vibrant trading community and thousands of online plug-in tools enriches the trading experience. Additionally, traders have the ability to create custom Expert Advisors using the platform's programming language.

MetaTrader 5 (also known as MT5), is a versatile trading platform, that caters to advanced trading needs, providing access to automated trading systems, technical tools, and copy trading.
Among its notable features are:

• Diverse Asset Classes: MT5 offers access to a wider range of asset classes, including stocks and commodities, compared to MT4.
• Advanced Timeframes: MT5 provides additional timeframes for charting, offering more flexibility in analyzing price movements.
• Enhanced Depth of Market (DOM): MT5 improves the Depth of Market feature, providing a more comprehensive view of market liquidity.
• Built-in Economic Calendar: MT5 includes a built-in economic calendar, allowing traders to stay updated on key economic events directly from the platform.
• Advanced Technical Analysis: MT5 introduces more built-in technical indicators and graphical objects for in-depth market analysis.
• Hedging and Netting: MT5 supports both hedging and netting accounts, offering more flexibility in position management.
• Improved Strategy Tester: MT5's Strategy Tester offers faster and more efficient backtesting of trading strategies compared to MT4.

Key Features

Analytical Tools:

The platform boasts a wide array of analytical instruments, including advanced charting capabilities and a diverse range of technical indicators. These tools empower traders to conduct thorough market analysis and make informed trading decisions.

Smart Trader Tools:

Enhancing functionality, the platform provides smart trader tools such as Expert Advisors (EAs) and a variety of indicators, allowing for automated trading strategies and advanced charting features.

Order Types and Execution Options:

Traders benefit from the flexibility of various pending order types and execution options, enabling precise control over trade entry and exit points.

Community and Customization:

Access to a vibrant trading community and thousands of online plug-in tools enriches the trading experience. Additionally, traders have the ability to create custom Expert Advisors using the platform's programming language.

OctaTrader, a proprietary trading platform from Octa, is available as an app for desktop, laptop, and mobile devices, enabling traders to manage their Octa portfolios effectively.
Leveraging TradingView's advanced charting technology, OctaTrader offers comfort and customization.
The success of Octa's proprietary trading service (downloaded over 10 million times by Android users) has also led to the development of a dedicated mobile app.

Octa did a great job investing in developing a proprietary copy trading service, which they've also made available through a mobile app. In this service, traders can follow signal providers, referred to by Octa as Master Traders.
A standout feature is the flexible commission structures offered.

Octa provides two commission models: a revenue share where copiers pay a fee only on profitable trades, and a fixed revenue per lot, which is charged regardless of trade outcomes.
Copiers can use filters to select Master Traders that fit their preferred commission structure.

The platform includes a ranking system that evaluates the trading history and performance of each Master Trader, providing in-depth details about their strategies.
This allows copiers to assess each trade and choose Master Traders based on a comprehensive range of trading metrics, enhancing decision-making.

Before following any Master Trader, copiers need to fund their copy trading accounts, either through direct deposit or by transferring from their existing trading accounts.
Octa suggests a recommended investment amount for each Master Trader, and copiers can choose to copy trades either fully or proportionally based on their balance relative to the Master Trader.

I suggest the former approach for potentially better trading results, as it adjusts positions according to portfolio size and leverage.
Additionally, a risk management feature, the drawdown percentage (DDP), is available for copiers to set according to their risk tolerance.

This feature automatically closes positions if the Master Trader incurs losses, but copiers also have the option to manually close positions, maintaining full control over their investments.