- MetaTrader 5 for Mac OS is the favorite app among traders on the Forex markets, who use devices running on the Mac OS X. MT5 for Mac OS comes with numerous features like fundamental and technical financial analysis, automation of deals, powerful algorithmic trading and setting alerts and notifications on the important trading events.
- How to Install the Platform on Mac OS. The trading platform can be installed and used on computers that run Mac OS using Wine. Wine is a free and open source software application that aims to allow applications designed for Microsoft Windows to run on Unix-like operating systems. One of the Wine versions is designed for Mac OS.
PlayOnMac is a Wine-based free software providing easy installation and use of Windows applications on Mac OS. Below is a step by step MT5 installation process which is provided by Metaquotes: PlayOnMac Installation.
The platform represents the all-in-one concept and offers impressive analytical tools. It allows you to open up to 100 charts of currency and stock quotes at a time. The 21 timeframes available enable comprehensive detailed analysis of all minor price movements. More than 80 technical indicators and analytical tools, including graphic objects, provide detailed analysis of quote dynamics.
Furthermore, analytical resources of the terminal are not limited to the built-in tools. Traders are welcome to choose between thousands of free of charge indicators from the Code Base, purchase or rent applications from the Market of more than 2500 ready-made algorithmic applications, as well as to order custom indicators from professional programmers through the Freelance service. With the high performance of the MQL5 programming language, you can create your own indicator with unique characteristics. All of these features enhance the analytical capacity of your platform and your ability to achieve the most detailed and accurate technical analysis of quotes.
New macOS Update Breaks MetaTrader 4 Compatibility
For Trader’s using Apple Macbooks or other devices which are using the macOS operating system, there is a nasty surprise coming with Apple’s latest update called Catalina. The release of the new version of the system which is called Catalina, Apple has ceased support for all 32bit applications. MT4 is running natively in 32bit and there is no 64bit version of the trading. This means that the MetaTrader 4 application will no longer be supported by the new macOS update.
No More Updates for MetaTrader 4
Mt5 For Mac Os 10.10
Currently, there is no solution to solve this issue and it is unlikely going to be one since MetaQuotes has stated on multiple occasions that it will no longer provide updates for the now obsolete MetaTrader 4 platform. If you wish to keep using MT4 on your Mac, the only solution is to postpone the Catalina update, find another way to trade or find another trading platform.
For traders who have already updated to Catalina and lost MetaTrader 4 compatibility, you may be able to use your broker’s web trader version of MT4. But not all brokers offer a web version of MT4 and they are not all the same either. While the web version does offer a slightly different experience it does still allow you to log in and trade with your MT4 accounts. There is also the option of switching to mobile apps available for both iOS and Android.
Is this an Advantage for cTrader
Mt5 For Mac Os High Sierra
The fact that MetaTrader 4 offered a native version for macOS gave it a huge advantage over cTrader. Now MetaTrader 4 compatibility for Mac has gone, this change will very much level the playing field. MetaTrader 4 is likely going to be phased out as more and more trader updated their operating systems, is this going inspire MT4 traders to consider other trading platforms like cTrader? Despite cTrader not having a native version for macOS, perhaps you could settle for some of the workarounds mentioned in our article on how to install cTrader desktop for Mac. If a native desktop trading experience on your macOS device is a dealbreaker, check this article which explores multiple trading platforms which offer a native macOS version.