💻 MetaTrader5™ Trading Platform
Released in 2010 by MetaQuotes, MetaTrader 5 (MT5) is a multi-asset trading platform and the successor to MetaTrader4 (MT4). It is widely used by all types of traders worldwide.
📝 Introduction to MetaTrader 5
Released in 2010 by MetaQuotes, MetaTrader 5 (MT5) is a fifth-generation trading platform, free to use, and the successor to MetaTrader 4 (MT4). MT5 supports multi-asset trading, including Forex pairs, stocks, metals, crypto, CFDs, futures, and other financial instruments. The platform supports three languages: English, Spanish, and Russian.
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Versions/Operating Systems: Windows, macOS, WebTrader, iOS, and Android
- MetaTrader 5 lets traders access multiple financial markets with a single account. -As of 2025, over 100 brokers worldwide support the MT5 platform.
MT5 vs. MT4
Compared to MT4, MetaTrader 5 offers more features, including direct stocks and futures trading, additional timeframes, more analytical objects, market depth, and six types of pending orders. Its programming language, MQL5, is more advanced than MQL4.
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More advanced platform than MT4
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More charting tools compared to MT4
- Supported by fewer brokers and developers than MT4
🛠️ MT5 Basic Features
Here are the basic features of MetaTrader-5:
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MT5 provides access to futures, CFDs, and stocks.
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The platform is built in the MQL5 environment, a C-like programming language, and includes a built-in MQL5 editor and compiler.
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Supports six types of pending orders.
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Allows both manual and automated trading using Expert Advisors (EAs).
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MT5 is not backward compatible with MT4.
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Offers more timeframes than MT4, with a total of 21.
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Includes 38 technical analysis indicators and 44 analytical objects.
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Mobile apps are available for iOS and Android.
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Depth of Market (DOM).
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Multi-threaded strategy tester for advanced EA backtesting.
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Supports both hedging and netting (MT4 supports only hedging).
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Includes an economic calendar.
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Includes a wide range of fundamental analysis tools, including financial news from international agencies, annual reports, new regulatory laws affecting companies and stocks, and other relevant information.
💱 MetaTrader-5 Asset Index
With MetaTrader 5, you can trade Forex, stocks, indices, futures, bonds, CFDs, and cryptocurrencies (depending on your broker). Typically, these financial assets include:
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Forex Currencies – Major, minor, and exotic pairs (spreads vary by broker).
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Indices – Major stock indices, volatility indices, USDX, and more.
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Stocks / Equities (CFDs) – Individual stocks or stock CFDs.
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Commodities – Precious metals, industrial metals, energies, and agricultural products.
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Cryptocurrencies (CFDs)
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Other CFDs – Bonds, ETFs, CFDs on Futures, and more.
📌 Note: The exact asset index depends on your broker.
⚙️ MT5/MQL5 Automated-Trading Features
The built-in MQL5 environment provides an integrated development system for creating, testing, debugging, and running MQL5 Expert Advisors (EAs). Key automated-trading features include:
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Creating and backtesting advanced Expert Advisors (EAs).
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Supports object-oriented programming for advanced strategies and allows integration with external applications via DLLs.
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Access to the MQL5 Market (marketplace for buying and selling EAs, scripts, and indicators).
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Traders can subscribe to signals from other traders to automatically copy their trades.
🕰️ MT5 Backtesting Features
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Multi-Currency Testing – Test strategies across multiple currency pairs simultaneously.
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Multiple Timeframes – Supports charts from 1 minute to monthly.
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Tick-by-Tick Data – Provides accurate simulations using detailed price movements.
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Optimization & Forward Testing – Ensures the robustness of automated strategies.
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Visual Trade Simulation – Simulate trades directly on charts.
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Detailed Performance Reports – Includes net profit/loss, drawdown, profit factor, and trade statistics.
🏆 MT-5 Automated Trading Championship (Not active at the moment)
The MetaTrader 5 (MT5) Automated Trading Championship is an annual global competition organized by MetaQuotes Software Corp. Hundreds of developers participate, highlighting algorithmic trading through Expert Advisors (EAs), automated systems built using the MQL5 programming language.
📲 MetaTrader 5 for Mobile Devices
There is a MetaTrader 5 app for iPhone and Android devices. The MT4 mobile platform provides functional Forex trading with 30 technical analysis indicators.
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Available for iOS and Android.
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Real-time quotes and charts.
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Multiple account management.
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Execute trades using Expert Advisors (EAs) developed for MT5 (mobile supports signals but not full EA programming).
🔗 Downloads: » Download the MT5 iPhone Terminal | » Download the MT5 Android terminal
🏁 MetaTrader 5 Demo Account
The MetaTrader 5 demo account simulates real trading conditions, allowing users to practice without risking real money. It generally mirrors actual market conditions using virtual funds, though differences may exist depending on your broker.
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You can start with a demo account and later switch to a real account.
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The MT5 client service is free, but a deposit is required to move from a demo to a real account.
🔗 Downloads: » https://www.metaquotes.net/en/download
□ MetaTrader-5 Review
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