MetaTrader-5 Platform

Forex Platforms
 
 

MetaTrader 5 Platform Review

MetaTrader 5 (MT5), the fifth platform developed by MetaQuotes, supports trading in Forex, options, and stock markets. MT5 offers a wide range of tools for analyzing price movements and supports automated trading via Expert Advisors (EAs or trading robots).

 

Basic Features of MetaTrader 5

  • MT5 includes over 79 analytical tools, including graphic objects and technical analysis features for monitoring price dynamics.

  • The platform offers tools for technical analysis, fundamental analysis, alerts, automated trading programs, and a multi-currency strategy tester.

  • MT5 comes with a variety of built-in indicators such as MACD, Bollinger Bands, Moving Averages, and Parabolic SAR.

  • 21 timeframes are available for each financial instrument.

  • The platform allows users to open up to 100 charts simultaneously.

  • MT5 supports both the use of free resources from the Code Base and the creation of custom technical indicators using the MQL5 programming language.

  • MetaTrader 5 provides four main types of order execution: Instant, Request, Market, and Exchange execution. Each order type includes market orders, pending orders, and stop orders. 

Compare Forex: » Compare Expert Advisors | » Compare Platforms

 

MetaTrader 5 Basic Structure

MetaTrader 5 supports algorithmic trading through the MQL5 language (MetaQuotes Language 5). It includes a comprehensive Integrated Development Environment (IDE) that enables traders to create, edit, and run automated trading programs. On the MT5 platform, these programs are commonly referred to as Expert Advisors or Trading Robots.

Automated Trading with MetaTrader 5

The MetaTrader 5 client terminal is built on the MetaQuotes Language 5 Integrated Development Environment (MQL5 IDE). More information about MQL5 at the end.

Basic Steps for Automated Trading on MetaTrader 5

Before engaging in automated trading, it is recommended to:

  1. Choose a reliable Forex broker offering low spreads

  2. Practice on a demo account before trading with real funds

  3. Learn how to read and interpret Expert Advisor performance statistics

  4. Understand the win/loss ratios of MT5 Expert Advisors

  5. Assess and manage the overall risk of your trading portfolio

 

 

Download MetaTrader 5 (MT5) for Mobile Devices

Trade Forex, stocks, and commodities anytime, anywhere with MetaTrader 5 (MT5)—the powerful trading platform now available for iPhone and Android devices. The mobile version of MT5 delivers a seamless trading experience with advanced charting tools, real-time market data, and a wide array of technical indicators—all optimized for smartphones and tablets.

  • Trade 24/5 – Never miss a market opportunity, even while on the move.

  • Multi-Asset Trading – Access Forex, stocks, indices, commodities, and cryptocurrencies (depending on your broker).

  • One-Click Trading – Place trades instantly with minimal delay.

  • Push Notifications – Stay informed with instant price alerts and trade updates. 

Key Features of MetaTrader 5 Mobile:

✅ Full-Fledged Trading – Execute trades, manage orders, and monitor positions on the go.

✅ Advanced Charting – Access over 80 technical indicators and analytical tools for deep market analysis.

✅ Real-Time Quotes – View live pricing across multiple financial instruments.

✅ Secure & Reliable – Enjoy encrypted transactions and stable connectivity for safe and consistent trading.

✅ Customizable Interface – Personalize your workspace with various chart types and timeframes.

📲MetaTrader 5 for iPhone (iOS)

The MT5 app for iPhone is fully optimized for iOS, offering smooth performance on both iPhones and iPads. Whether you're a beginner or an experienced trader, its intuitive interface ensures a user-friendly experience.

Download MetaTrader 5 for iPhone (Free on the App Store): → Download Now (Insert App Store Link)

📲MetaTrader 5 for Android

Trade seamlessly on any Android smartphone or tablet with the MT5 Android app. Enjoy the full capabilities of the desktop platform in a mobile-friendly format.

 Download MetaTrader 5 for Android (Free on Google Play): → Download Now (Insert Google Play Link)

 
Table: MT5 Forex Brokers  

MT5 BROKER

TRADING INFO

 ACCOUNT INFO NEW ACCOUNTS
 

■ Automated Trading: YES

EURUSD Spread:

  • 1.3 pips (no trade commissions)

■ Number of currency pairs: 35+

■ Cryptocurrencies: YES

  

Promotion: 

Welcome Bonus, Rebates, Free VPS

Min. Account: 

  • $10
 
  
  • Fair spreads and fast execution
  • Fast withdrawals via wallets
  • Free VPS

■ Automated Trading: YES

EURUSD Spread:

  • 0.1 Pip plus $4.0 per lot

■ Number of currency pairs: 50+

Promotion: 

Free VPS

Min. Account: 

  • $5 for Micro Account
  • $500 for ECN account 
 
  • Tight spreads
  • A wide Forex asset index

■ Automated Trading: MT4 and MT5

EURUSD Spread:

  • 1.4 Pip (no commissions)

■ Number of currency pairs: 70

Promotion:

Free VPS, a small Welcome Bonus

Min. Account: $10

 
  • A wide variety of Forex pairs (70+)
  • Free VPS, PAMM Accounts

 
 

MQL5 on MetaTrader 5

MQL5 (MetaQuotes Language 5) is the powerful programming language behind MetaTrader 5 (MT5), enabling traders to develop automated trading systems (Expert Advisors – EAs), custom indicators, and scripts. Whether you're a developer or a trader aiming to automate your strategies, MQL5 offers the tools to elevate your trading performance.

✅ Algorithmic Trading – Automate your strategies using Expert Advisors (EAs) for 24/7 trading without manual intervention.

✅ Custom Indicators – Create personalized technical tools tailored to your trading style.

✅ Scripts for Quick Tasks – Perform one-time operations (e.g., batch order modifications) with custom scripts.

✅ Backtesting & Optimization – Evaluate strategies on historical data to refine performance before going live.

✅ MQL5 Community & Market – Access thousands of free and paid EAs, indicators, and trading signals.

Key Features of MQL5

🔹 Object-Oriented Programming (OOP) – Allows for more structured, modular, and efficient code than MQL4.
🔹 Faster Execution – Optimized for high-frequency trading (HFT) and low-latency environments.
🔹 Advanced Debugging Tools – Includes a built-in debugger and profiler to ensure error-free code.
🔹 Direct C++ Integration – Extend functionality and enhance performance with native C++ extensions.
🔹 Economic Calendar Access – Automate trading decisions based on real-time economic events.

How to Start with MQL5 on MT5

  1. Open MetaEditor – Use the built-in IDE in MT5 (navigate to Tools > MetaQuotes Language Editor or press F4).

  2. Learn MQL5 Basics – Refer to the official MQL5 Documentation.

  3. Code Your First EA/Indicator – Begin with basic scripts and gradually build more complex algorithms.

  4. Backtest & Optimize – Use MT5’s Strategy Tester (View > Strategy Tester or press Ctrl+R) to test performance.

  5. Deploy Live – Run your EA on a live account—start with a demo to minimize risk.

 
 
MT5 Forex Robots
 
■ Forex Robots specially designed for MT5: » WallStreet Forex Review
WallStreet Forex Robot
 

Contact MetaQuotes

  • Cyprus, Limassol 4004, Cyprus | Tel: +357 25 875134
  • China, Shenyang, Liaoning, China 11025 | Tel: +86 21 51870932
  • Singapore, Podium B Bestway Building Singapore 079212 | Tel: +65 6532 2567
  • Australia, North Sydney, NSW 2060 Australia | Tel: +612 9460 3936
  • Turkey, Gayrettepe | Tel: +90 212 274 28 85
 

■ Automated Fx Trading Platforms -MetaTrader5 Review

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