ΜetaTrader 5 or MT5 platform released in 2010 by MetaQuotes Software Corp. The MT5 platform is designed
to facilitate multi-asset trading, supporting financial instruments including CFDs products, forex,
futures, options, bonds and stocks. It became the most popular trading platform for day traders, retail
investors, forex and CFD traders, allowing investing cleverly in the financial market.
MT5 offers a better trading experience, and it has all the advantages a beginner or experienced trader
could ask for. The platform has rapidly grown in popularity from traders who prefer the flexibility of
trading stocks and futures, forex trading, and more from the one trading account.
CFD trading and stocks trading can lead to a potentially rewarding experience. Trading stocks on
MetaTrader 5 is more accessible than ever as now trading stocks can be on the Australian Securities
Exchange (ASX), New York Stock Exchange (NYSE) and Nasdaq forex markets.
Rich analysis tools and indicators, different order types, automated trading are some of MT5' platform
options. It also provides the option of adopting hedging strategies in order to reduce risk by
synchronising the opening of several positions largely.
Reading this tutorial about MetaTrader 5 will help you simplify how to install external technical
indicators on the MetaTrader platform.
We will explain how to download and use the platform on Mac, Windows or other operating systems and list
the best MT5 brokers. We will also give you some tips on gaining more profit through the platform and
list you trading types available on MT5.
Technology is developing and growing quickly, with many traders eager to embrace it.
The best MetaTrader 5 Brokers
MetaTrader 5 is available at some of the best-established stock and forex brokers, particularly in the
UK, US and AU:
Metatrader 5 System Requirements & RegistrationIs
MetaTrader 5 is available directly through an online web browser, but there is an option of downloading
the platform to your PC. The software is free, and it is compatible with Windows XP, 7,8, and 10 as well
with Mac devices, except MacOS Catalina and runs easily on both 32-bit and 64-bit processors. In
addition, MT5 is also compatible with Linux.
The next step after downloading MT5 to your PC or navigating to the login page on your browser, you
register for a new account. The information needed for completing this step varies from broker to
broker. Most of them will ask for basic information in order to verify your identity, risk appetite and
You can make depοsits and withdrawals frοm your accοunt dashbοard. Keep in mind that minimum deposits and
payment fees vary between brοkers and depend on the prοvider and methοd selected.
Commissions, trading costs, and leverage levels are flagged when signing up for an account. A swap fee
may be seen from Forex traders, which is interest earned or paid on trades kept overnight.
MetaTrader 5 offers 38 built-in technical indicators, including:
With over 100 price charts and 21 timeframes available on the platform, ranging from one minute to one
month, the platform is suitable for analysing short-term and long-term price trends. Furthermοre, 80
technical analysis and analytical tοοls are alsο available, including graphical objects.
MetaTrader 5 houses real-time news around the world and an economic calendar. MT5 also has a Depth of
Market feature to see plus one-click trading, liquidity and an extensive library of historical market
information, such as NSE stock data.
MetaTrader 5 enables separate accounting of orders and trades, supporting all types of trading orders and
The two accounting modes are:
The MetaTrader 5 web terminal is designed for personalising. For example, Python APIs and Gateway Java
allow integration so traders can run:
Custom indicators – By following pre-determined rules,
indicators can analyse price data.
Scripts – Scripts can perform almost any function on the platform,
such as closing all pending orders or adding indicators to a chart.
Libraries – A portfolio of tasks sharing segments of popular
custom applications on MetaTrader 5.
Traders can also personalise the look and feel of the platform, including choosing between the light and
Automated trading is available through Expert Advisors (EAs). Executing trades on your behalf will work
automatically by following pre-determined criteria, algorithms.
The MetaQuotes Language (MQL5) programming language helps for the development, optimisation and
backtesting of Expert Advisors. The MQL5 Wizard helps inexperienced traders begin with trading robots.
For experienced traders, MQL5 IDE offers extra tools:
MetaEditor – Develops and refines trading robots and
Strategy Tester – By using historical data, it tests trading
Expert advisors can also be bought directly from the market, or free downloads are available at
If you feel you have fastened with your Chromebook or Macbook web platform, you can choose to operate
with your mobile device. A mobile app has everything a pro needs and access to a complete set of trading
orders, including pending orders and level 2 prices with up to 32 quotes. Additionally, mobile traders
can benefit from fast switching between financial instruments on charts, push notifications, free
financial news, 24 analytical tools and 30 technical indicators. Traders can also use the History Center
to view price quote history.
Find the Android mobile app (APK) and download it from the Google Play Store. If you are a user of an
iPhone, go to the Apple App Store. There is also the choice to find the platform through the WebTrader
login page on your mobile browser. Most brokers provide a tutorial on MT5 to mobile beginners.
Keep in mind that the time zone is set by the broker and cannot be changed from your trading app.
A demo account is a perfect solution for most traders who want to experiment first before diving into the
market. MetaTrader5 demo account is with no costs and an excellent preliminary step to take before
starting with a real live account. Traders can get familiar with order execution and trend analysis,
test strategies on shares. There is no risk as all the money you use are virtual. Beginners can also
experiment with different lot sizes in a forex strategy, or try trailing stops and risk management
Traders must keep observing and documenting what does and doesn't work to gain more knowledge and become
Support is available to MetaTrader 5 traders through multiple avenues. Go to the 'Help' page for key
Charts & graphs
If you face issues such as forgetting your password, no connection, or the platform keeps closing, many
brokers provide assistance with a live chat or telephone. You can educate more yourself in solving
problems with user manuals and guides in PDFs or watching online videos. There will be complex topics
that have to be explained and standard templates, so prepare yourself for better functionality.
Nevertheless, MetaTrader 5 community is available to get the greatest source of support when having
issues with the platform. Whatever you want to ask, you will find forums with users willing to help
Traders may face errors such as 'Market closed', 'Off quotes', 'Can't place order' or 'Unsupported
Each of these errors means that:
'Market closed' – When you try and place a trade outside of
'Off quotes' – When you lose connectivity, and the platform
cannot display current prices
'Can't place order' – When you try to place a trade without
sufficient capital in your account
'Unsupported filling mode' – Brokers use different symbol filling
modes, so check the filling mode accepted by your symbol
Take the First Step
MetaTrader 5 is a relatively legitimate platform, using data encryption and extended authentication to
protect client information from hackers.
Τrading can be very risky by its nature, so it is important to risk what you can afford to lose. Any
online platform could involve risk and lack of security, so traders must careful with their choices.
Despite that, we presented this extended tutorial of what the platform offers. Traders should now
consider finding a well known, regulated broker before stepping into the platform. Although MT5 does
more than you need with its primary functionality, the broker may be destroying for your trading. MT5 is
there, as your broker will facilitate your trades electronically offering a variety of tools and
resources for both the broker and the trader.
Tips and Tricks to gain more profit with MT5
MT5 offers full charting capabilities being used by many traders. This gives the opportunity to traders
trading forex with certain exchanges such as Nasdaq markets, ASX and NYSE.
Seven reasons why to use MT5 for your trading activity.
Automated trading systems by creating Expert Advisors and running
them through the strategy tester;
It is a free trading platform built by Metaquotes Software Corp;
Faster and more powerful than MetaTrader4 (MT4), with an account
type for new or pro traders;
Excellent charting capabilities on desktop and mobile
The mobile app is ideal for iPhone, iPad, Android, and Windows
Easy to use, intuitive interface, with advanced ordering options
Trade on multiple exchanges (such as NYSE, ASX, and Nasdaq).
You can also choose from a wide range of asset classes to start trading on with MetaTrader 5. The options
you have include ETFs, Forex(USD, EUR etc), Share CFDs, Indices, Commodities, Precious Metals, Indices,
and Cryptocurrencies (Bitcoin, Ehterium etc). All trades are cash-settled CFDs.
Trading types available on the MT5 platform
Market — The place where you can get free and paid technical
indicators, trading robots, trading signals, and copy trading.
Signals — With just a few clicks, you can choose multiple providers
to start copy trading copy trades of professional traders. This can work directly to your
Virtual Hosting — Option to rent a virtual hosting straight from
the platform to run your trading robot or to copy signals. You must have an MQL5 Community
Freelance — MQL5 community website gives you the option in case you
do not find the desired application in the Code Base or Market to order one from a professional
developer in the Freelance section.
As you have seen, MT5 is a great trading platform for day traders who want to take their trading to the
next level and make a profit. Before downloading MetaTrader, make sure you understand completely how its
works and how you can customise your MT5 trading environment to improve your trading process.
When it comes to online trading, the ability to access a variety of trading tools, and to access more
global markets than your traditional stockbrokers, MT5 is an excellent trading platform. However, if you
are starting, a demo account might be a great first step when finding a reputable brokerage.
For experienced traders wanting a multi-asset platform and access to powerful trading tools and various
trading operations, MetaTrader 5 is a sensible option. It also has excellent automated trading
capabilities and copy-trading. Overall, for complex trading strategies, MetaTrader 5 is among the best.
FP Markets: A Leading CFD and Forex Broker
The FP Market's MT5 platform delivers a first-rate experience in Forex trading, shares, metals,
commodities, indices and cryptocurrencies. MT5's platform excels in trading automation (algorithms),
providing traders with the ability to produce and modify their own trading robots and indicators. This
is beneficial for traders who run different trading strategies across alternative asset classes.
FP Markets also offer full mobile accessibility on all trading platforms. MT5 is available on iOS and
Android devices, offering the convenience of trading wherever you are.