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MetaTrader 5

Trading Tools

MetaTrader 5 (MT5) is a multi-asset platform from MetaQuotes. Its official feature set includes market and pending orders, technical and fundamental analysis, market depth, netting and hedging position accounting, an economic calendar, algorithmic trading through MQL5, copy trading, and desktop, web, and mobile access. MT5 is software rather than a standalone brokerage account: the broker determines which instruments, fees, leverage, countries, and account protections are available.

Data status: partially verifiedLast verified: 2026-08-02Provider website

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Catalog tags

Algorithmic Traders Technical Analysts Forex & CFD Traders
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Risk Warning

Trading financial instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Leverage trading can amplify both profits and losses. Past performance is not indicative of future results. Before trading, please consider your level of experience, investment objectives, and seek independent financial advice if necessary.

Key Features

Algo Trading (MQL5)
21 Timeframes
Market Depth (DOM)
Economic Calendar
Strategy Tester
Hedging & Netting
Multi-Currency Backtesting

Listed highlights

  • Powerful analysis and charting tools
  • MQL5 enables sophisticated algorithmic trading
  • Multi-asset support in a single platform
  • Massive marketplace of EAs and indicators
  • Superior backtesting with real tick data

Listed considerations

  • • Requires broker connection to use
  • • Steep learning curve for beginners
  • • Interface feels dated compared to modern apps
  • • Mobile app has limited functionality vs desktop

Quick Comparison

FeatureMetaTrader 5CoinGeckoCoinMarketCapSeeking AlphaTradingView
RatingNot availableNot availableNot availableNot availableNot available
PricingFree platform; broker costs varyFree web access; API plans varyFree web access; API plans varyFree / Premium $299 per year (current published price)Free and paid plans
Founded20102014201320042011
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Frequently Asked Questions

What's the difference between MT4 and MT5?
MT5 is the successor to MT4 with significant improvements: 21 timeframes (vs 9), 6 pending order types (vs 4), built-in economic calendar, depth of market, multi-asset support, and a more powerful MQL5 language. MT4 remains popular for forex-only trading.
Do I need a broker to use MT5?
Yes, MT5 requires a broker that supports the platform. Most forex and CFD brokers offer MT5. Downloading the platform is free, but you need a broker account to trade. Demo accounts are available without real money.
Can I use MT5 for automated trading?
Yes, MT5 has a powerful MQL5 development environment for creating trading robots (Expert Advisors). You can build custom EAs, backtest them with historical data, and deploy them for automated trading. The MQL5 Market also sells pre-built EAs.
Can I use MT5 on a Mac?
MetaTrader provides desktop, web, iOS, and Android access. Check the official download page and your broker's support documentation for the current Mac installation and feature options.
Pricing
MetaTrader states that the platform is available to download and use for free. Trading costs, account terms, instruments, and availability depend on the connecting broker. MQL5 Market products may have individual costs.
Min Deposit
Varies by broker
Founded
2010
Mobile App
Yes
Demo Account
Yes
Withdrawal
N/A
Support
Varies by Broker
Regulation
Platform software provider; broker regulation applies to the trading account

Licence number and legal-entity verification: not recorded. Check the regulator directly.

Platforms
Desktop (Windows/Mac)iOSAndroidWeb
Deposit Methods
N/A (Depends on Broker)