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You are here: Home / Metatrader / MetaTrader 5 Demo Servers Now Available for BSE Currency Markets

MetaTrader 5 Demo Servers Now Available for BSE Currency Markets

March 20, 2018 by Rajandran 8 Comments

Bombay stock exchange is the first Indian Exchange to integrate their currency derivative Instruments with Metatrader 5 platform. Bombay Stock Exchange is the oldest stock exchange in Asia with a rich heritage, now supports demo access with Metatrader 5 platform. User can now Open an demo account on the MetaQuotes-BSE-Demo server and start receiving realtime quotes and charts of BSE Currency derivatives. The most interesting part is, you can apply technical analysis tools and perform back-testing using the exchange’s historical price data.

Definitely it is a welcoming move from BSE to integrate their BSE Currency futures and options instruments with metatrader 5, which brings better trading platform into Indian Markets. Also Metatrader (Metaquotes) is widely popular for their MQL trading community and algorithmic trading platform in forex markets. Hopefully sooner BSE will add their BSE stocks and BSE stock derivatives into Metatrader 5 platform.

Commenting on this development Mr. Ashishkumar Chauhan, MD & CEO of BSE said, “After the successful integration of currency segments with MetaTrader 5, we will be extremely happy and excited to integrate more BSE finance instruments with MetaTrader 5. I am sure this is an important and long-awaited development for the Indian community of traders and investors.”

Steps to Setup BSE Demo Server

1)Download Metatrader 5 for BSE

2)Select the Trading server as Metaquotes-BSE and press Next

3)Select New Demo Account and Press Next

4)Enter your registration details and also select I agree to subscribe to news letters as shown below

5)Now your Virtual Trading Account with Metatrader for BSE 5 is ready. Press Finish to complete the registration

6)Bingo you are done. Now start working with Metatrader 5 platform for BSE!

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Filed Under: Metatrader

About Rajandran

Rajandran is a Full time trader and founder of Marketcalls & Co-Founder of Traderscafe, trades mostly using discretionary Trading Concepts like Market Profile, Trading sentimental analysis, building timing models, algorithmic trading models. Instructs professional traders, full time traders & aspiring full time traders. Rajandran attended college in the Chennai where he earned a BE in Electronics and Communications. Rajandran has a broad understanding of trading softwares like Amibroker, Ninjatrader, Esignal, Metastock, Motivewave, Market Analyst(Optuma),Metatrader,Tradingivew,Python and understands individual needs of traders and investors utilizing a wide range of methodologies.

Comments

  1. Raj says

    March 20, 2018 at 12:04 pm

    For USDINR, what about spread and leverage? Demo allow 1:500 time leverage.

    Reply
    • Rajandran says

      March 20, 2018 at 9:50 pm

      Thats in demo environment. I guess once the broker started providing in real environment people will get the right leverage.

      Reply
  2. neo269 says

    March 21, 2018 at 9:56 am

    Hope NSE also provides such data for NSE Cash & Futures

    Reply
    • Rajandran says

      March 21, 2018 at 9:56 pm

      That will be the biggest game changer for small traders!

      Reply
  3. salman says

    March 21, 2018 at 11:21 am

    any broker that provide mt5 in india in coming days?

    Reply
    • Rajandran says

      March 21, 2018 at 9:57 pm

      not sure how many brokers will be able to afford MT5 license cost and the overhead cost attached with it. But definitely some brokers might show interest to tap the market.

      Reply
      • Kumar says

        May 10, 2018 at 7:22 pm

        I think Sharekhan can easily afford to offer Metatrader 5 platform as it is owned by BNP Paribas. Bnp Paribas will be investing 70 million euros in Sharekhan to upgrade the services.

        Reply
  4. Rajat Ponia says

    December 26, 2018 at 1:18 pm

    Hi Rajandran,

    I want to use MT5, currently I’m using Amibroker with True data as data feed provider.

    Please could you help name of a good data provider who provides feeds to MT4/MT5.

    Thank you

    Rajat

    Reply

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