MetaTrader 5 for Forex, stocks and futures (2024)

Table of Contents
Exchange Market Forex Market FAQs

MetaTrader 5 is a multi-asset platform suitable for trading in the Forex, Stocks and Futures markets. This platform provides all the necessary tools for financial trading, technical and fundamental analysis, algorithmic and copy trading, as well as development of custom technical indicators and trading robots. Such versatility provides to traders a full arsenal of trading tools for a successful work on any financial market.


Exchange Market

An Exchange Market is the aggregation of buyers and sellers of securities. In order to buy and sell stocks, futures, bonds and options, the only thing needed to have is a trading account. Hence, a trader can trade the most successful companies from various sectors of the economy, reduce monetary risks using futures contracts and work with derivative financial instruments.

MetaTrader 5 for Forex, stocks and futures (1)

There are three main categories of securities including shares, bonds and derivatives. Unlike the Forex market with its round-the-clock trading, exchanges operate in sessions — only on weekdays and during working hours. An additional difference from the Forex market, where traders have access to a limited number of national currencies, is that the stock trader can buy and sell shares of any company. The main principle of profiting here is to buy low and sell high.

Stock exchanges are extremely popular in the United States (NYSE, NASDAQ, NYMEX, GLOBEX and others), while some other poplar exchanges include Tokyo Stock Exchange, London Stock Exchange (LSE) and Hong Kong Stock Exchange (HKEX).

Modern technology and web development make it possible to trade securities using multi-functional computer software — trading platforms. The trader places an order to buy or sell securities in such software, and the broker then makes a transaction on the stock exchange on behalf of the trader. The MetaTrader 5 trading platform provides cutting-edge functionality for trading on global exchanges, as well as powerful tools for technical analysis, algorithmic and social trading.

The rich functionality of the desktop version of MetaTrader 5 can be accessed from mobile devices. Mobile platform versions are available for Android and iOS powered smartphones and tablets. You can trade stocks anywhere in the world using the MetaTrader 5 Mobile platform. Download MetaTrader 5 Mobile for free and start trading right now!

MetaTrader 5 supports algorithmic trading, which implies trading on exchange markets by a preset algorithm using automated trading robots. Such trading robots can be developed, tested, debugged, and optimized directly in the platform. The built-in MQL5 Wizard will help any trader to create a custom Expert Advisor. If you do not want to create a program by yourself, you can purchase a ready-to-use trading robot from the Market or order one from a professional Freelance programmer.


Forex Market

Forex is an interbank foreign exchange market, the trading volume of which exceeds all other financial markets. Forex trading is available 24 hours a day via global information networks. Currency buy and sell operations are available not only to banks, but also to retail traders. Speculation is the core principle of profiting from Forex — buy low and sell high.

MetaTrader 5 for Forex, stocks and futures (2)

The most popular Forex currencies include USD (US dollar), JPY (Japanese Yen), GBP (Pound Sterling), EUR (Euro), CHF (Swiss Franc), CAD (Canadian dollar) and AUD (Australian dollar). These Forex currencies form major currency pairs: EUR/USD, GBP/USD, USD/JPY, USD/CHF.

A trader can access the currency market through a Forex broker. All that is needed is a computer (or a smartphone/tablet) with an Internet connection, and the MetaTrader 5 platform that can be downloaded for free. Currency buy and sell orders can be sent directly from the platform. Based on fundamental and technical analysis, the trader tries to forecast the currency movement: in other words, the trader tries to buy a currency at its lowest price and then to sell this currency when the price goes up. The trader's profit is equal to the resulting difference between the buying and selling price.

Algorithmic trading using robots is also available for the Forex Market. Trading robots are able to analyze currency quotes and execute trading operations. You can develop your own robot, purchase a ready-to-use Expert Advisor from the Market, download a free app from the Code Base or order a custom application from the Freelance service.

Also you can comfortably trade currencies from your tablet or smartphone. With the MetaTrader 5 mobile platform, you can trade on the Forex market any time and anywhere. Download the mobile application for free, and take your trading account with you wherever you go!

MetaTrader 5 provides a wide arsenal of tools to ensure the most comfortable conditions, so that the trader can focus solely on financial market trading. Maximum opportunities, rich functionality, user friendly interface, clear trading logic and additional services — all these benefits are available for trading on Forex and Exchange Markets. With MetaTrader 5, there is no need of using multiple applications to trade on the Forex market and exchanges. No compromise: One platform, many markets!

Download MetaTrader 5 and trade on the Stock and Forex markets

MetaTrader 5 for Forex, stocks and futures (2024)

FAQs

Is MT5 good for futures trading? ›

MetaTrader 5 is an all-in-one platform for trading Futures via any smartphone device, browser or operating system: Windows, Mac and Linux. The platform offers a powerful arsenal of tools available with a click of the mouse.

Is MetaTrader 5 good for forex? ›

MT5 is a great choice for traders who are looking for a more powerful, more advanced trading platform than its predecessor. MT5 offers more order types, technical indicators, analytical objects, time frames, and charts.

Is MetaTrader 5 allowed in the US? ›

If you want to trade stocks or options on MetaTrader, you'll have to do it outside the United States. Still, plenty of quality brokerage options exist for international traders who wish to use MetaTrader 5.

Is MetaTrader 5 legit? ›

While MT5 itself is not a scam, it's essential to recognize that for a secure experience, one must know about any potential scams and fraudulent behaviour they may encounter when using the platform. In the rest of the article, these scams are explored and the ways to avoid them.

Which is better MT5 or TradingView? ›

Reviewers felt that TradingView meets the needs of their business better than MetaTrader 5. When comparing quality of ongoing product support, reviewers felt that TradingView is the preferred option.

Which is better for forex MT4 or MT5? ›

Is the newer MT5 version better than the MT4 version? Both MT4 and MT5 are the official versions created and distributed by MetaQuotes Software. The new MT5 version is considered to be superior for stock trading and order management, while the older MT4 platform is considered to be superior for forex trading.

Can you make real money on MetaTrader 5? ›

Here are some of the benefits of trading with a real account on MT5: Real money trading allows you to make a profit. If you are successful in your trading, you can make a profit and grow your investment.

Is MT5 good for beginners? ›

The biggest advantage of MetaTrader 5 is that it allows for both netting and hedging. These are risk management strategies that can be difficult for beginners to understand. For instance, experienced traders use hedging to manage risk and make more advanced trading decisions.

Should a beginner use MT4 or MT5? ›

In short, if you are new to trading, MT4 is the right choice. The basic functions in MT4 are more than enough for trading. If you already have trading experience, try MT5 as it has more features.

Why was MT4 banned in the US? ›

The two MetaTrader apps were banned on Apple's App Store in 2022 for their alleged use by fraudsters targeting the US citizens and residents.

What is the minimum deposit for MT5? ›

There is no minimum deposit required to create a MetaTrader 5 (MT5) account. Can you trade via the MetaTrader 5 (MT5) mobile application? Yes, we offer MetaTrader 5 (MT5) on Android and iOS, as well as on windows desktop, Mac, and web browser.

Which US brokers support MT5? ›

With these parameters in mind, let's take a look at the 10 best MT5 brokers recommended for you:
  • MetaQuotes. MetaQuotes is the developer of the MetaTrader 5 trading platform and offers brokers licensing options for using their software. ...
  • Admiral Markets. ...
  • IC Markets. ...
  • XM. ...
  • OctaFX. ...
  • Exness. ...
  • Tickmill. ...
  • Axiory.
Jan 10, 2024

Can MT5 trades be faked? ›

Demo Server Deception: Scammers use demo servers on MetaTrader platforms to create fake transactions, sharing manipulated screenshots on social media to gain the trust of potential victims.

Why was MetaTrader 5 removed? ›

In September 2022, a ban on the MT4 and MT5 apps in Apple's App Store, which affected all markets, made headlines. Though the reasons for the decision were unclear, there was speculation that it was related to trading scams published in the iOS app store, impersonating popular trading platforms.

Can I use MetaTrader 5 for stocks? ›

MetaTrader 5 (MT5) is a platform that allows you to trade Stocks, CFDs, Forex, and Futures. With MT5, traders can use algorithmic trading applications to automate trades, including trading robots and Expert Advisors (EA). You can build your own EAs or import built-in EAs onto the MT5 platform.

What futures brokers use MT5? ›

Best MT5 Forex Brokers Comparison
MT5 BrokerFX PairsAccount Fees
Vantage Markets40+ECN accounts pay from $2 round turn full lot commission
AvaTrade53$50/quarter inactivity fee after 3 months
Pepperstone60+None
Forex.com80+$10/month inactivity fee after 1 year
3 more rows
Feb 16, 2024

Can I trade S&P 500 on MT5? ›

S&P 500 SPDR is available on the AvaTrade MT5 platform. Plus, trade many other assets available on our other platforms such as MT4 and AvaOptions.

What broker should I use to trade futures? ›

What is the best platform for trading futures? Interactive Brokers and tastytrade offer attractive pricing and powerful desktop platforms. Interactive Brokers is more geared toward professional investors and has much more news and research, while tastytrade is quick and convenient for individual traders.

Can you trade commodities on MT5? ›

FairMarkets' MetaTrader 5 platform allows you to trade all CFDs for Forex Pairs, indices, and commodities, just like MT4. MT 5 allows you to trade futures in addition to spots.

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