Best MetaTrader 5 (MT5) Brokers In 2025
Launched in 2010, MetaTrader 5 (MT5) is an all-in-one toolkit that’s proven a hit with active traders, and has been integrated by hundreds of online brokers.
But which of these providers offers the best MetaTrader 5 experience? We’ve done the legwork for you – discover DayTrading.com’s pick of the top MT5 brokers following our hands-on tests.
As a veteran MT5 user, I’ll also share my pro tips for getting the most out of the latest software from MetaQuotes.
7 Top MetaTrader 5 Brokers
We’ve put 216 brokers through their paces as of December 2025, and these are the 7 best brokers with MetaTrader 5 integration:
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1
FOREX.comActive Trader Program With A 15% Reduction In Costs
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$1000.01 Lots1:50NFA, CFTCForex, Stocks, Futures, Futures OptionsMT4, MT5, TradingView, eSignal, AutoChartist, TradingCentralWire Transfer, Credit Card, Debit Card, Visa, Mastercard, Skrill, Neteller, ACH TransferUSD, EUR, GBP, CAD, AUD, JPY, CHF, PLN -
2
Pocket Option50% Deposit Bonus
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$50$1MISABinary Options, Currencies, Commodities, Stocks, Indices, CryptosWeb, MT4, MT5Wire Transfer, Credit Card, Bitcoin Payments, Volet, Perfect Money, Visa, Mastercard, Debit Card, WebMoney, FasaPay, Ethereum Payments, Maestro, JetonCash, AirtelUSD -
3
RedMars
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
€2500.01 Lots1:30 (Retail), 1:500 (Pro)CySEC, AFMCFDs, Forex, Stocks, Indices, Commodities, CryptosMT5Credit Card, Wire Transfer, Debit Card, Sticpay, FasaPay, Bitcoin Payments, Trustly, PayPal, Skrill, Neteller, Klarna, Mastercard, VisaUSD, EUR -
4
xChief$100 No Deposit Bonus
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$100.01 Lots1:1000ASICCFDs, Forex, Metals, Commodities, Stocks, IndicesMT4, MT5Wire Transfer, Bitcoin Payments, Credit Card, UnionPay, Skrill, Neteller, WebMoney, Perfect Money, Debit Card, Ethereum Payments, FasaPay, VoletUSD, EUR, GBP, JPY, CHF -
5
Coinexx100% Deposit Welcome Bonus
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
0.001 BTC0.01 Lots1:500Forex, Commodities, Indices, CryptocurrenciesMT4, MT5Bitcoin Payments, Ethereum PaymentsUSD -
6
Plexytrade120% Cash Welcome Bonus
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$500.011:2000CFDs, Forex, Indices, Stocks, Commodities, CryptoMT4, MT5Bitcoin Payments, Ethereum PaymentsUSD, EUR -
7
World Forex100% Deposit Bonus
Ratings/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5/ 5
$10.01 Lots1:1000SVGFSAForex, CFD Stocks, Metals, Energies, Cryptos, Digital ContractsMT4, MT5Wire Transfer, Debit Card, Credit Card, Visa, Mastercard, Google Wallet, Apple Pay, Perfect Money, Bitcoin Payments, VoletUSD, EUR, RUB
This is why we think these brokers are the best in this category:
- FOREX.com - Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.
- Pocket Option - Established in 2017, Pocket Option is a binary options broker offering high/low contracts on forex, stocks, indices, commodities and cryptocurrencies. With over 100,000 active users and a global reach, the platform continues to prove popular with budding traders.
- RedMars - Launched in 2020, Cyprus-based RedMars offers competitive spreads on more than 300 instruments and leverage up to 1:500. Three accounts are available - Standard, Pro and VIP - serving a range of budgets and experience levels, with a fast and fully digital account opening process.
- xChief - xChief is a foreign exchange and CFD broker, established in 2014. The company is based offshore and registered with the VFSC and FMA. Users can choose between a wide selection of accounts and base currencies, making ForexChief accessible to global traders. The brand also stands out for its no deposit bonus and fee rebates for high-volume traders.
- Coinexx - Coinexx is an unregulated broker that provides leverage up to 1:500 on forex, commodities, indices and cryptocurrencies with deep liquidity, pure ECN spreads and negative balance protection. The broker uses crypto as base currencies and has low minimum deposit requirements of 0.001 BTC.
- Plexytrade - Established in 2024 and headquartered in Saint Lucia, Plexytrade is an ECN/STP broker. Geared towards active traders, it supports four account options, crypto deposits and withdrawals, plus very high leverage up to 1:2000 made possible by its unregulated status.
- World Forex - World Forex is an offshore broker registered in St Vincent and the Grenadines, offering commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
Best MetaTrader 5 (MT5) Brokers In 2025 Comparison
| Broker | MT5 Integration | MT5 Demo | Automated Trading | Instruments | Regulators | Minimum Deposit |
|---|---|---|---|---|---|---|
|
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✔ | ✔ | Expert Advisors (EAs) on MetaTrader | Forex, Stocks, Futures, Futures Options | NFA, CFTC | $100 |
|
|
✔ | ✔ | ✔ | Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos | MISA | $50 |
|
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✔ | ✔ | Expert Advisors (EAs) on MetaTrader | CFDs, Forex, Stocks, Indices, Commodities, Cryptos | CySEC, AFM | €250 |
|
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✔ | ✔ | Expert Advisors (EAs) on MetaTrader | CFDs, Forex, Metals, Commodities, Stocks, Indices | ASIC | $10 |
|
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✔ | ✔ | Expert Advisors (EAs) on MetaTrader | Forex, Commodities, Indices, Cryptocurrencies | - | 0.001 BTC |
|
|
✔ | ✔ | Expert Advisors (EAs) on MetaTrader | CFDs, Forex, Indices, Stocks, Commodities, Crypto | - | $50 |
|
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✔ | ✔ | ✔ | Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts | SVGFSA | $1 |
FOREX.com
"FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools."
Christian Harris, Reviewer
FOREX.com Quick Facts
| Bonus Offer | Active Trader Program With A 15% Reduction In Costs |
|---|---|
| Demo Account | Yes |
| Instruments | Forex, Stocks, Futures, Futures Options |
| Regulator | NFA, CFTC |
| Platforms | MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral |
| Minimum Deposit | $100 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:50 |
| Account Currencies | USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN |
Pros
- There’s a wealth of educational resources including tutorials, webinars, and a stacked YouTube channel to help you get educated in the financial markets.
- Alongside a choice of leading platforms, FOREX.com offers a superb suite of supplementary tools including Trading Central research, SMART Signals pattern scanner, trading signals, and strategy builders.
- FOREX.com offers industry-leading forex pricing starting from 0.0 pips, alongside competitive cashback rebates of up to 15% for serious day traders.
Cons
- There’s no negative balance protection for US clients, so you may find yourself owing more money than your initial deposit into your account.
- Demo accounts are frustratingly time-limited to 90 days, which doesn’t give you enough time to test day trading strategies effectively.
- FOREX.com's MT4 platform offers approximately 600 instruments, significantly fewer than the over 5,500 available on its non-MetaTrader platforms.
Pocket Option
"Pocket Option excels for its easy-to-use web platform which provides a best-in-class user experience for short-term binary traders. The $50 minimum deposit is also accessible for beginners while opening an account is really easy. Looking at the negatives, Pocket Option still trails alternatives in its market offering and regulatory credentials."
Jemma Grist, Reviewer
Pocket Option Quick Facts
| Bonus Offer | 50% Deposit Bonus |
|---|---|
| Demo Account | Yes |
| Instruments | Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos |
| Regulator | MISA |
| Platforms | Web, MT4, MT5 |
| Minimum Deposit | $50 |
| Minimum Trade | $1 |
| Account Currencies | USD |
Pros
- Extremely fast and smooth sign-up process that takes less than 2 minutes
- The web platform shines for its straightforward design and usability that will appeal to beginners looking to speculate on popular financial markets in a few clicks
- The range of payment methods beats the majority of rivals, providing fast, secure and convenient deposits for traders in most countries
Cons
- The MISA is a weak regulator with limited investor protection for retail traders
- You need to deposit $1000 to access the extended list of 250+ assets, otherwise just 130+ assets are available
- The maximum binary contract length of 4 hours is restrictive for longer-term trading strategies. Alternatives like Videforex offer binaries up to 1 month
RedMars
"RedMars is the best fit for experienced day traders familiar with the MetaTrader 5 platform and based in the EU, where the broker is authorized by the CySEC. However, the threadbare education and research tools make it unsuitable for beginners."
RedMars Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Cryptos |
| Regulator | CySEC, AFM |
| Platforms | MT5 |
| Minimum Deposit | €250 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:30 (Retail), 1:500 (Pro) |
| Account Currencies | USD, EUR |
Pros
- RedMars offers one of the best platforms for day trading, MT5, hosting 21 timeframes, dozens of analytical tools, flexible templates and algo trading
- The broker supports a range of flexible payment methods, including wire transfers, credit cards, e-wallets, and notably cryptocurrencies
- Clients in the EU, in particular, can trade with peace of mind knowing RedMars is authorized by the CySEC with up to €20K compensation available through the ICF in the event of bankruptcy
Cons
- The no-frills trading environment offers little beyond the basics, with no Islamic account, PAMM account or copy trading.
- With just 300 instruments, RedMars offers a narrow trading environment, particularly compared to category leaders like BlackBull Markets which offers 26,000 assets
- While RedMars' spreads are within industry averages, they don't offer a significant edge over the cheapest day trading brokers we've personally used, notably IC Markets
xChief
"xChief continues to prove popular with investors looking to trade highly leveraged CFDs on the popular MetaTrader platforms. The broker's rebate scheme and investment accounts will particularly appeal to seasoned traders. However, the lack of top-tier regulatory oversight is a major drawback."
William Berg, Reviewer
xChief Quick Facts
| Bonus Offer | $100 No Deposit Bonus |
|---|---|
| Demo Account | Yes |
| Instruments | CFDs, Forex, Metals, Commodities, Stocks, Indices |
| Regulator | ASIC |
| Platforms | MT4, MT5 |
| Minimum Deposit | $10 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:1000 |
| Account Currencies | USD, EUR, GBP, JPY, CHF |
Pros
- xChief offers STP/ECN execution with low spreads from 0.0 pips and low commission rates starting from $2.50 per side
- The low minimum deposit of $10 will appeal to beginners, as well as the beginners’ guides in the Library
- The broker offers several account types to suit different traders, including a Cent account for beginners and pro-level hedging/netting accounts
Cons
- Fees and minimums are imposed on most withdrawal methods, including a €60 minimum for SWIFT bank transfers
- The total range of 150+ assets is much lower than most competitors who typically offer hundreds
- The Classic+ and Cent accounts provide access to fewer instruments than the other account types, at 50+ and 35+, respectively
Coinexx
"Coinexx best serves short-term traders willing to foregoes regulatory protections in return for highly-leveraged CFDs and trading accounts, deposits and withdrawals processed in cryptos like BTC. "
Tobias Robinson, Reviewer
Coinexx Quick Facts
| Bonus Offer | 100% Deposit Welcome Bonus |
|---|---|
| Demo Account | Yes |
| Instruments | Forex, Commodities, Indices, Cryptocurrencies |
| Platforms | MT4, MT5 |
| Minimum Deposit | 0.001 BTC |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:500 |
| Account Currencies | USD |
Pros
- The virtual private server (VPS), hosted near the firm’s data center in Amsterdam, offers 24/7 connectivity, low latency and 99.99% uptime, catering to algo traders.
- Coinexx is one of a limited pool of brokers to support the ActTrader platform, which is highly customizable with detachable widgets, as well as 48 indicators, 11 timeframes, and price quotes up to 8 decimal places.
- Coinexx uses an ECN model that facilitates ultra-tight spreads from 0 pips, which alongside high leverage up to 1:500, may serve fast-paced, high-volume trading strategies.
Cons
- Despite operating for over 7 years, Coinexx still hasn’t secured any regulatory approvals, respected industry awards or the full confidence of our experts.
- Although it supports near-instant account funding in 25+ cryptos, the absence of fiat deposit options at Coinexx will be severely limiting for many traders.
- Aside from 7 calculators (forex, margin, pip, currency, commission, swap, PnL), Coinexx offers very little in terms of additional tools, with no education or research features to support traders.
Plexytrade
"Plexytrade is a newcomer in the brokerage scene with attention-grabbing features like 1:2000 leverage, zero spreads on select instruments and fast execution speeds of less than 46 milliseconds. However, the absence of regulation is a significant concern, while the non-existent research and educational tools place it far behind industry frontrunners."
Plexytrade Quick Facts
| Bonus Offer | 120% Cash Welcome Bonus |
|---|---|
| Demo Account | Yes |
| Instruments | CFDs, Forex, Indices, Stocks, Commodities, Crypto |
| Platforms | MT4, MT5 |
| Minimum Deposit | $50 |
| Minimum Trade | 0.01 |
| Leverage | 1:2000 |
| Account Currencies | USD, EUR |
Pros
- Despite lacking regulation, Plexytrade provides negative balance protection and reinforces safety protocols by holding client funds in segregated accounts.
- Plexytrade accommodates a range of trading methods and short-term strategies, including scalping, hedging, and automated trading.
- US residents are accepted as clients, distinguishing Plexytrade as one of the rare offshore brokers that cater to US-based traders.
Cons
- With around 100 instruments, Plexytrade restricts the flexibility of investors who prefer to trade across various assets, especially compared to Blackbull with its 26,000 securities.
- Plexytrade lacks regulation in major jurisdictions, significantly increasing the risks of opening an account and depositing funds.
- Deposits and withdrawals are exclusively facilitated through cryptocurrencies, as Plexytrade does not support bank cards, bank wire transfers, or e-wallets.
World Forex
"World Forex provides both highly leveraged CFDs and digital contracts, making this a good broker for clients who want flexible and rewarding ways to trade. The copy trading service will also appeal to newer traders."
World Forex Quick Facts
| Bonus Offer | 100% Deposit Bonus |
|---|---|
| Demo Account | Yes |
| Instruments | Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts |
| Regulator | SVGFSA |
| Platforms | MT4, MT5 |
| Minimum Deposit | $1 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:1000 |
| Account Currencies | USD, EUR, RUB |
Pros
- Copy trading solution
- STP/ECN technology
- A wide range of assets to trade, including via digital contracts
Cons
- Weak regulation
- Withdrawal fees apply
- No negative balance protection
How We Chose The Best MT5 Brokers
To compile a list of the best brokers that support MT5, we:
- Took our evolving directory that today stands at 216 online brokers,
- Pinpointed the approximately 70+ firms that have MT5 on desktop, web or mobile,
- Sorted those providers by their overall rating, combining 200+ data points with the personal views of our testers to find the very best.
How To Choose A MetaTrader 5 Broker
When selecting an MT5 broker, here are six key factors to consider:
1. Device Compatibility
Virtually every MT5 broker we’ve evaluated provides access to the software on desktop, mobile and web:
- The desktop terminal is best for advanced traders needing custom features and fast execution.
- The web solution is more beginner-friendly but can be slower and sometimes lack certain tools.
- The mobile app is perfect for on-the-go trading and is highly rated (above 4.5/5) on both iOS and Android, with iOS slightly ahead.
- Pepperstone has impressed us for years, providing a first-class trading environment on MT5’s desktop, web and mobile platforms. It’s also scooped our annual ‘Best Forex Broker’ award twice, plus our ‘Best Overall Broker’ and ‘Best Trading App’.
2. Available Trading Instruments
Unlike its predecessor MT4, which was built for forex trading, MT5 offers multi-asset trading opportunities on popular global markets spanning stocks, commodities, indices, cryptocurrencies, and CFDs.
- BlackBull continues to offer the most extensive range of instruments for trading on MT5 that we’ve seen, with over 26,000 markets covering forex, stocks, indices, commodities and more.
3. Trading Costs
Look for brokers with low spreads and minimal commissions, especially if you’re a day trader making frequent transactions.
Advanced traders may even prefer an ECN broker, which often offer spreads from 0.0 pips, low commissions, and even rebates to high-volume traders.
- IC Markets tops our rankings for pricing, with its raw spread account featuring terrific spreads averaging 0.1 pips on EUR/USD. IC Markets has also scooped our ‘Best MetaTrader Broker’ annual award in recent years.
4. Demo Account Availability
Over 95% of brokers we’ve tested offer MT5 demo accounts, allowing you to practice with virtual funds.
Great for beginners, these accounts typically last between 14 to 30 days, but some providers even offer unlimited demo access for ongoing practice of day trading strategies.
- XM impresses with its MT5 demo account that we customized with a whopping $5,000,000 in account equity. You can also keep the demo mode open alongside your live account – ideal for beginners.
5. Trustworthiness
Choose an MT5 provider with a clean track record and most importantly, authorization from a respected regulator to ensure your funds are protected.
We’ve built a proprietary Regulation & Trust Rating, putting regulators into four tiers – green, yellow, orange and red – to help you understand which regulatory licenses indicate a trustworthy brokerage.
- FOREX.com continues to earn our trust, sporting over 20 years in our industry and authorization from 9 ‘green tier’ regulators, ensuring it’s held to the highest regulatory standards in multiple jurisdictions worldwide.
6. MT5 Add-Ons
Some brokers provide advanced tools for technical analysis and risk management features through MetaTrader add-ons, taking the trading experience up a notch for serious investors.
- Admirals built upon the standard MT5 offering with the Supreme Edition package, providing powerful add-ons like the Mini Terminal for efficient trade management and the Tick Chart Trader for precise entry points based on real-time price movements.
What Is MetaTrader 5?
MetaTrader 5 is an online trading platform that connects retail investors, primarily active traders, to the financial markets.
Think of MT5 as the bigger, more advanced sibling of MetaTrader 4 (MT4). While MT4 focuses on forex trading, MT5 goes further, opening doors to other markets like stocks, commodities, and even futures.
It’s ideal for those who want to explore diverse trading opportunities without switching platforms.
Whether you’re just starting out or already an experienced pro, MT5 packs a punch with its modern features, user-friendly design, and powerful tools.
Here are the highlights:
- Multi-Asset Trading: Access to a wide range of markets beyond forex.
- Advanced Charting: Over 80 built-in technical indicators and 21 timeframes to analyze trends.
- Algorithmic Trading: Automate strategies using Expert Advisors (EAs).
- Economic Calendar: Stay updated on market-moving events directly in the platform.
- Fast Execution: Designed for speed, MT5 ensures trades are executed quickly, ideal for day trading.
- Market Watch: This is your dashboard for monitoring various instruments and their prices.
- Chart Window: Where the magic happens analyze price movements, add indicators, or apply templates.
- Toolbox: Your command centre for monitoring trades, account history, alerts, and more.
Getting Started With MT5
Step 1: Download & Install
- Where to Get It: Download MT5 from your broker’s website or the official MetaQuotes MT5 download.
- Compatibility: It’s available for Windows, Mac, web browsers, and mobile devices (iOS/Android).
Step 2: Set Up Your Account
- Create a demo account to practice risk-free or log in with your broker-provided credentials for live trading.
Step 3: Navigate Like A Pro
- Market Watch: Right-click to add/remove instruments.
- Navigator: Access accounts, indicators, EAs, and scripts here.
- Toolbox: Track trades, account history, alerts, and news.
Step 4: Usability Tips
- Learn the Interface: Spend time clicking around in a demo account. MT5 is intuitive, but I know from firsthand experience that familiarity makes a huge difference.
- Test Features: Whether it’s using one-click trading or adding indicators, don’t be shy to experiment.
Key Features
Let’s unpack three essential parts of the MetaTrader 5 (MT5) platform: Market Watch, Navigator, and Toolbox.
Each one plays a critical role in helping you monitor markets, manage tools, and keep track of your short-term trades.
Market Watch
What Is It?
Market Watch is the command centre for all the instruments you can trade (forex pairs, stocks, indices, commodities, etc). It gives you real-time price quotes and quick access to charts and order windows.
How Does It Work?
- Price Quotes: See Bid and Ask prices for selected instruments at a glance.
- Tick Charts: Double-click an instrument to open a real-time price movement tick chart.
- Add/Remove Instruments: Customize the list to focus on the assets you actually trade.
- Depth Of Market (DOM): Right-click an instrument and select Depth of Market for a detailed view of liquidity and order book.
How To Navigate Market Watch
- Open Market Watch: If it’s not visible, press Ctrl+M or go to View > Market Watch.
- Add Instruments: Right-click anywhere in the Market Watch panel > Symbols. From here, browse categories (eg forex, indices) and double-click to add/remove assets.
- Customize Columns: Right-click > Columns. Choose what you want to display, like Spread, High/Low, or Volume.
My pro tip is to use Sets to save different groups of instruments. I find it great for switching between trading forex pairs and stocks.
Navigator
What Is It?
The Navigator is where you manage all your trading accounts, indicators, scripts, and Expert Advisors (EAs). Think of it as your control panel for everything customizable on MT5.
How Does It Work?
- Accounts Management: Easily switch between demo and live accounts or log into a new account.
- Indicators: Access built-in technical indicators like Moving Averages, Relative Strength Index (RSI), and Bollinger Bands.
- EAs and Scripts: Manage your automated trading tools and run quick tasks using scripts.
How To Navigate Navigator
- Open Navigator: Press Ctrl+N or go to View > Navigator.
- Log In to Accounts: Double-click Accounts, then select your account or log into a new one using credentials.
- Apply Indicators: Drag an indicator from the list and drop it onto a chart. Adjust settings to match your strategy.
- Run EAs: Drag an EA onto the chart to activate it. Be sure to enable automated trading via the toolbar or Ctrl+E.
When I have a lot of custom indicators and scripts, I organize them into folders for quick access.
Toolbox
What Is It?
The Toolbox is your all-in-one tracker for open trades, account history, news, alerts, and more. It’s where you monitor the status of your trading activities and manage notifications.
How Does It Work?
- Trade Tab: Shows your current open positions, pending orders, and overall account balance.
- History Tab: A detailed log of all your closed trades – great for reviewing your performance.
- News Tab: Keeps you updated with market news from your broker.
- Alerts Tab: Manage alerts you’ve set for price levels or economic events.
- Mailbox Tab: Receive essential messages from your broker.
- Journal Tab: Tracks all platform activities, such as login history or order executions.
How To Navigate Toolbox
- Open Toolbox: Press Ctrl+T or go to View > Toolbox.
- Switch Tabs: Click the tabs at the bottom of the Toolbox window (eg Trade, History).
- Set Alerts: Go to the Alerts tab, right-click, and choose Create. Set conditions like when EUR/USD hits 1.1000.
- View Performance: Use the History tab to filter trades by day, week, or month to analyze your results.
Monitor your real-time profit/loss and margin usage on the Trade tab. I find it crucial for managing my risk.
Besides these three core features, there are several notable tools that will also appeal to active traders:
Multi-Asset Trading
Many day traders love variety, and MT5 delivers big time. You can trade forex, stocks, indices, commodities, and futures from one platform.
Real-life perk: Suppose you’re trading EUR/USD in the morning and eyeing US tech stocks in the afternoon. With MT5, there’s no need to switch platforms.
I use the Market Watch panel to monitor multiple markets simultaneously and create groups to keep things tidy.
Advanced Charting
MT5 takes charting to the next level with 21 timeframes (from 1 minute to 1 month) and over 80 built-in indicators.
- Chart settings: Save your favorite chart settings as templates to apply them across instruments instantly.
I once spent hours perfecting a Fibonacci retracement setup on MT5’s chart, and the precise tools made it so much easier to spot critical levels.
Algorithmic Trading With Expert Advisors (EAs)
MT5’s support for automated trading strategies makes it a dream come true for tech-savvy traders.
You can write your programmes in MQL5 or download pre-built EAs.
- Switching to MT5 for EA testing can be a game-changer. The backtesting speed alone saves hours.
- Use MT5’s strategy tester to backtest your EA on historical data before deploying it live.
I use EAs for heavy lifting by automating repetitive trading tasks.
Built-In Economic Calendar
Stay ahead of market-moving events without leaving the platform. The economic calendar, which you won’t find in MT4, highlights key reports and forecasts.
- MT5 links the calendar to charts to see how past events affected price movements.
- Combine the calendar with alerts to get notified about upcoming events that matter to your trades.
Fast Execution & Depth Of Market (DOM)
For scalpers and day traders, speed and pricing transparency are crucial. MT5’s DOM shows the real-time order book.
Seeing the depth of market helps me gauge liquidity before placing big orders – it’s an absolute lifesaver for my trading strategy.
How To Customize MT5
MT5 gives you total control over how your workspace looks and functions:
- Dockable Panels: Rearrange panels like Market Watch, Navigator, and Toolbox to create your perfect setup.
- Custom Indicators: Beyond the built-ins, you can add custom indicators downloaded from the MQL5 marketplace.
- Shortcuts: Set hotkeys for frequent actions; this is a massive time-saver for active traders.
Create different profiles for different trading strategies. For example, I can have one for scalping with smaller timeframes and another for swing trading with higher ones.
Let’s break it all down:
Chart Customization
Charts are the heart of any platform for day traders, and MT5 offers a ton of ways to tweak them to your liking.
Change Chart Styles
- Options: Choose from three chart types: Line, Bar, or Candlestick.
- How-To: Right-click on the chart > Properties > Choose your style under Common.
Add Indicators
- Options: MT5 comes preloaded with 80+ indicators (eg Moving Averages, RSI, Bollinger Bands), and you can add custom indicators too.
- How-To: Drag indicators from the Navigator to your chart or download custom ones from the MQL5 marketplace.
I often stack multiple indicators in the same sub-window (e.g., RSI and MACD) to save space and get a combined view.
Customize Chart Appearance
- Colours: Adjust the colour of candles, gridlines, backgrounds, and more.
- How-To: Right-click > Properties > Colors tab.
- Templates: Save your preferred chart style (timeframe, indicators, colours) as a template.
- How-To: Right-click > Template > Save Template.
Use Multiple Timeframes
- Why It’s Beneficial: Analyze trends across timeframes with just a click; great for strategy building.
- How-To: Right-click on the chart > Timeframes > Select from 1-minute to 1-month views.
Workspace Customization
Dockable Panels
MT5 lets you rearrange panels like Market Watch, Navigator, and Toolbox to suit your style.
- How-To: Drag and drop any panel to dock it in a new position or leave it floating.
Multiple Monitors
If you’re juggling multiple markets, spread your charts across several monitors.
- How-To: Right-click on the chart tab > Detach Window.
Custom Profiles
Set up different profiles for various trading strategies or markets. For example:
- A forex profile with charts for EUR/USD, GBP/USD, and USD/JPY.
- A stocks profile with S&P 500 and Nasdaq charts.
- How-To: Go to File > Profiles > Save Profile As.
Keyboard Shortcuts & Hotkeys
MT5 is a hotkey lover’s dream. You can assign shortcuts for nearly every action.
- Default Shortcuts:
- Ctrl+T: Show/Hide Toolbox.
- Ctrl+M: Show/Hide Market Watch.
- F9: Open the trading order window.
- Alt+T: Activate one-click trading.
- Custom Hotkeys:
- Go to Tools > Options > Hotkeys tab.
Use shortcuts for actions like switching timeframes or closing charts; this helps me save precious seconds during fast markets.
Market Watch Customization
This is where you monitor all the instruments you can trade.
- Add/Remove Symbols: Right-click in the Market Watch window > Symbols > Search and select/deselect instruments.
- Create Custom Groups: Organize instruments into categories like forex pairs, commodities, and indices.
- Tick Chart Display: Double-click any instrument to see its tick chart – ideal for scalpers.
Depth Of Market (DOM) Settings
Active traders using DOM can customize their views.
- Options: Switch between Standard, Market Depth, and Price Ladder styles.
- How-To: Right-click in the DOM window > Settings.
I use the DOM for precise entry/exit planning, especially in highly liquid markets.
Alerts & Notifications
Stay on top of price changes without constantly watching the screen.
- Set Alerts:
- Right-click on the Price Line or in Toolbox > Alerts tab > Create.
- Example: Alert when EUR/USD hits 1.1000.
- Get Push Notifications: Sync MT5 with the mobile app to receive alerts on your phone.
- How-To: In Tools > Options > Notifications, enter your MetaQuotes ID.
Expert Advisors (EAs) & Scripts
Automation is king on MT5, and the platform makes it easy to implement your trading bots.
- Install EAs: Drag and drop your EA file into the Experts folder (accessible via File > Open Data Folder).
- Customize EA Parameters: Adjust inputs to fine-tune the bot to your needs once added to the chart.
Language & Regional Settings
If English isn’t your preferred language, switch the platform’s language.
- How-To: Go to View > Languages, select your choice, and restart MT5.
The beauty of MT5 is its adaptability. It can be as straightforward or as complex as you want. Spend time playing around with these options and quickly discover what works best for you.Start small, explore its features step by step, and watch your trading experience evolve.
Bottom Line
MetaTrader 5 (MT5) isn’t just a trading platform; it’s a powerhouse that caters to active traders of all levels.
Whether you’re a beginner looking for a user-friendly way to start trading or an experienced trader ready to dive into multi-asset strategies, MT5 has the tools to make it happen.
That’s partly why it’s the second most widely offered third-party platform offered by online brokers based on our analysis, trailing just its predecessor, MT4.
That said, since its app was briefly removed from the Apple App Store in September 2022, it’s facing increasing competition from other third-party platforms, notably TradingView and cTrader, which are now more widely supported at brokerages.
To get started, find the right provider for your needs from our selection of the best MetaTrader 5 brokers.
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