Benefits of Using MT5
Access to more asset classes- Advanced technical analysis tools
- Built-in trading signals and copy trading
- Ideal for day trading and swing trading
- Used by many top online trading brokers
MetaTrader 5 (MT5)
Advanced Multi-Asset Trading Platform
MetaTrader 5 is a multi-asset trading platform developed by MetaQuotes. Unlike MT4, MT5 supports a broader range of markets and is often used by brokers offering:
- Forex
- Stocks
- Futures trading
- Indices and Commodities
- CFDs
Online brokerage companies and forex trading brokers offer MT5 platforms to their traders and investors, giving them exposure to all the leading financial markets under one roof.
Markets Available on MT5
Depending on your broker, MT5 supports:
Forex trading
Futures trading
Exchange-traded instruments (broker-dependent)
Stock trading platforms
CFDs on indices and commodities
This makes MT5 suitable as both a forex trading platform and a platform for stock trading.
Key Features of MT5 Trading Platform
- 21 timeframes and advanced charting
- More pending order types than MT4
- Built-in economic calendar
- Depth of Market (DOM)
- Faster strategy testing
- Improved order execution
These features position MT5 as the best online trading platform for professional and institutional-style trading.
Algorithmic Trading
with MQL5
MT5 uses MQL5, a more powerful programming language than MQL4. Traders can:
- Create advanced trading bots
- Run multi-threaded strategy testing
- Access the MQL5 marketplace and signals
- Use social trading features
Who Should Use MT5?
MT5 is ideal for:
- Traders who want forex + stocks + futures
- Advanced and professional traders
- Traders using institutional trading platforms
- Users seeking the best trading platform for beginners with long-term scalability
MetaTrader 5 Download Options
MT5 is available across multiple devices:
Frequently Asked Questions (MT5)
Is MetaTrader 5 free to download?
Yes, MetaTrader 5 (MT5) is completely free to download as a desktop, web, or mobile application from your broker's website, app stores, or the official MetaQuotes website. There is no license fee for traders. You only need to fund a live account with a broker to trade with real money.
Can I trade stocks on MT5?
Yes, one of MT5's key advantages is its built-in support for multi-asset trading. Beyond forex and CFDs, many brokers offer direct access to exchange-traded stocks, bonds, and futures on MT5, unlike MT4, which primarily offers these as CFDs. Check your broker's specific instrument list.
Is MT5 better than MT4?
"Better" depends on your needs. MT5 is technologically superior, but MT4 remains dominant for forex.
Choose MT5 if you need:
- You trade stocks, futures, or multiple asset classes
- You need faster, more detailed backtesting
- You want more technical tools and timeframes
- You can work with MQL5 or use newer trading systems
MT4 is still preferred if:
- You only trade forex/CFDs
- You rely on many existing MT4 EAs/indicators
- Your broker or trading style requires hedging by default
- You prefer simplicity and widespread community support
Is MT5 more for beginners or professional traders?
MT5 suits both, but for different reasons:
Beginners may appreciate the clearer visual design, more built-in tools (like an economic calendar), and depth of market data.
Professional/Advanced Traders benefit from its superior backtesting speed, more order types, and true multi-asset capabilities. Its learning curve is slightly steeper than MT4's.
Can I copy trades on MT5?
Yes. MT5 has a built-in social/copy trading feature called "Signals." You can browse thousands of signal providers directly within the platform, analyze their performance history, and subscribe to automatically copy their trades into your account with a single click. This is more integrated than on MT4.
What's the main reason I should upgrade from MT4 to MT5?
The key reason is if you need more than basic forex/CFD trading. Upgrade if you:
Trade multiple asset classes (stocks, futures) on one platform.
- Require faster, more detailed strategy backtesting.
- Need more analytical tools, timeframes, or the Depth of Market feature.
- If you are a forex-only trader happy with MT4's tools and ecosystem, an immediate upgrade may not be necessary.
