Just like the MT4, MetaTrader 5 (MT5) can also handle binary options trading with the right type of extension added to it. However, the reality is still that most binary options brokers that offer the MT5 usually provide it for traditional forex trading, and offer a separate binary options trading platform for those who are mainly interested in binary options trading.
In the cases where a separate binary options trading platform is offered, MT5 is often the preferred alternative for traditional forex traders who are looking for a familiar user interface combined with high-speed execution and reliable performance. Since it was released in 2010, MT5 has proven that it can deliver on these things, and it has therefore become highly popular among brokers and traders alike.
