Best MetaTrader 5 (MT5) Brokers In 2025

Contributor Image
Written By
Contributor Image
Written By
Paul Holmes
Paul has over 14 years experience in the trading industry, both as a full-time trader and working with leading brokers. He’s traded indices and forex, developed proprietary day trading techniques, and built his own MetaTrader algorithms. He excels at delivering simple-to-follow guides for beginners to experienced traders.  
Contributor Image
Edited By
Contributor Image
Edited By
James Barra
James is an investment writer with a background in financial services. As a former management consultant, he has worked on major operational transformation programmes at prominent European banks. James authors, edits and fact-checks content for a series of investing websites.
Contributor Image
Fact Checked By
Contributor Image
Fact Checked By
Michael MacKenzie
Michael is a writer and editor with over a decade in journalism and publishing. His niche lies in editing and fact-checking content in the financial services sector, with a focus on online brokers and trading platforms. Michael previously reported on politics and economics in the Middle East and edits books for established publishers.
Updated

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:

Click a broker for details
  1. 1
    FOREX.com
    Active Trader Program With A 15% Reduction In Costs

    Ratings
    4.9 / 5
    4 / 5
    4.3 / 5
    4.6 / 5
    4.6 / 5
    4.3 / 5
    4.8 / 5
    4.5 / 5
    3.6 / 5
    3.8 / 5

    $100
    0.01 Lots
    1:50
    NFA, CFTC
    Forex, Stocks, Futures, Futures Options
    MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
    Wire Transfer, Credit Card, Debit Card, Visa, Mastercard, Skrill, Neteller, ACH Transfer
    USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN
  2. 2
    Pocket Option
    50% Deposit Bonus

    Ratings
    2 / 5
    3.5 / 5
    2.5 / 5
    3.5 / 5
    3.3 / 5
    3.3 / 5
    3 / 5
    3.5 / 5
    4 / 5
    4.2 / 5

    $50
    $1
    MISA
    Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos
    Web, MT4, MT5
    Wire Transfer, Credit Card, Bitcoin Payments, Volet, Perfect Money, Visa, Mastercard, Debit Card, WebMoney, FasaPay, Ethereum Payments, Maestro, JetonCash, Airtel
    USD
  3. 3
    RedMars

    Ratings
    3.3 / 5
    3.5 / 5
    3.8 / 5
    3.5 / 5
    3.8 / 5
    4 / 5
    2.8 / 5
    3 / 5
    4.7 / 5
    4.6 / 5

    €250
    0.01 Lots
    1:30 (Retail), 1:500 (Pro)
    CySEC, AFM
    CFDs, Forex, Stocks, Indices, Commodities, Cryptos
    MT5
    Credit Card, Wire Transfer, Debit Card, Sticpay, FasaPay, Bitcoin Payments, Trustly, PayPal, Skrill, Neteller, Klarna, Mastercard, Visa
    USD, EUR
  4. 4
    xChief
    $100 No Deposit Bonus

    Ratings
    4 / 5
    3.8 / 5
    3.7 / 5
    3 / 5
    4.3 / 5
    3.5 / 5
    3.5 / 5
    3.3 / 5
    0 / 5
    0 / 5

    $10
    0.01 Lots
    1:1000
    ASIC
    CFDs, Forex, Metals, Commodities, Stocks, Indices
    MT4, MT5
    Wire Transfer, Bitcoin Payments, Credit Card, UnionPay, Skrill, Neteller, WebMoney, Perfect Money, Debit Card, Ethereum Payments, FasaPay, Volet
    USD, EUR, GBP, JPY, CHF
  5. 5
    Coinexx
    100% Deposit Welcome Bonus

    Ratings
    2.5 / 5
    2.5 / 5
    2.8 / 5
    3.3 / 5
    3.8 / 5
    3 / 5
    0.8 / 5
    1.3 / 5
    0 / 5
    0 / 5

    0.001 BTC
    0.01 Lots
    1:500
    Forex, Commodities, Indices, Cryptocurrencies
    MT4, MT5
    Bitcoin Payments, Ethereum Payments
    USD
  6. 6
    Plexytrade
    120% Cash Welcome Bonus

    Ratings
    1.5 / 5
    2.5 / 5
    2.5 / 5
    3.3 / 5
    2.5 / 5
    3.5 / 5
    0.5 / 5
    0.5 / 5
    4.8 / 5
    4.7 / 5

    $50
    0.01
    1:2000
    CFDs, Forex, Indices, Stocks, Commodities, Crypto
    MT4, MT5
    Bitcoin Payments, Ethereum Payments
    USD, EUR
  7. 7
    World Forex
    100% Deposit Bonus

    Ratings
    2.5 / 5
    3.3 / 5
    3 / 5
    2.8 / 5
    3.5 / 5
    3.3 / 5
    2.5 / 5
    2.8 / 5
    1.3 / 5
    1.3 / 5

    $1
    0.01 Lots
    1:1000
    SVGFSA
    Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
    MT4, MT5
    Wire Transfer, Debit Card, Credit Card, Visa, Mastercard, Google Wallet, Apple Pay, Perfect Money, Bitcoin Payments, Volet
    USD, EUR, RUB

This is why we think these brokers are the best in this category:

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. 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

Best MetaTrader 5 (MT5) Brokers In 2025 Comparison
Broker MT5 Integration MT5 Demo Automated Trading Instruments Regulators Minimum Deposit
FOREX.com logo
Expert Advisors (EAs) on MetaTrader Forex, Stocks, Futures, Futures Options NFA, CFTC $100
Pocket Option logo
Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos MISA $50
RedMars logo
Expert Advisors (EAs) on MetaTrader CFDs, Forex, Stocks, Indices, Commodities, Cryptos CySEC, AFM €250
xChief logo
Expert Advisors (EAs) on MetaTrader CFDs, Forex, Metals, Commodities, Stocks, Indices ASIC $10
Coinexx logo
Expert Advisors (EAs) on MetaTrader Forex, Commodities, Indices, Cryptocurrencies - 0.001 BTC
Plexytrade logo
Expert Advisors (EAs) on MetaTrader CFDs, Forex, Indices, Stocks, Commodities, Crypto - $50
World Forex logo
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 OfferActive Trader Program With A 15% Reduction In Costs
Demo AccountYes
InstrumentsForex, Stocks, Futures, Futures Options
RegulatorNFA, CFTC
PlatformsMT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral
Minimum Deposit$100
Minimum Trade0.01 Lots
Leverage1:50
Account CurrenciesUSD, 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 Offer50% Deposit Bonus
Demo AccountYes
InstrumentsBinary Options, Currencies, Commodities, Stocks, Indices, Cryptos
RegulatorMISA
PlatformsWeb, MT4, MT5
Minimum Deposit$50
Minimum Trade$1
Account CurrenciesUSD

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."

Christian Harris, Reviewer

RedMars Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, Cryptos
RegulatorCySEC, AFM
PlatformsMT5
Minimum Deposit€250
Minimum Trade0.01 Lots
Leverage1:30 (Retail), 1:500 (Pro)
Account CurrenciesUSD, 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 AccountYes
InstrumentsCFDs, Forex, Metals, Commodities, Stocks, Indices
RegulatorASIC
PlatformsMT4, MT5
Minimum Deposit$10
Minimum Trade0.01 Lots
Leverage1:1000
Account CurrenciesUSD, 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 Offer100% Deposit Welcome Bonus
Demo AccountYes
InstrumentsForex, Commodities, Indices, Cryptocurrencies
PlatformsMT4, MT5
Minimum Deposit0.001 BTC
Minimum Trade0.01 Lots
Leverage1:500
Account CurrenciesUSD

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."

Christian Harris, Reviewer

Plexytrade Quick Facts

Bonus Offer120% Cash Welcome Bonus
Demo AccountYes
InstrumentsCFDs, Forex, Indices, Stocks, Commodities, Crypto
PlatformsMT4, MT5
Minimum Deposit$50
Minimum Trade0.01
Leverage1:2000
Account CurrenciesUSD, 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."

Tobias Robinson, Reviewer

World Forex Quick Facts

Bonus Offer100% Deposit Bonus
Demo AccountYes
InstrumentsForex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
RegulatorSVGFSA
PlatformsMT4, MT5
Minimum Deposit$1
Minimum Trade0.01 Lots
Leverage1:1000
Account CurrenciesUSD, 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.

Infrographic explaining DayTrading.com's methodology for ranking the top brokers with MT5

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:

  • 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

Step 2: Set Up Your Account

Step 3: Navigate Like A Pro

Step 4: Usability Tips

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?

Opening Market Watch on MetaTrader 5

How To Navigate Market Watch

  1. Open Market Watch: If it’s not visible, press Ctrl+M or go to View > Market Watch.
  2. 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.
  3. 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.
author image
Paul Holmes
Author

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?

How To Navigate Navigator

  1. Open Navigator: Press Ctrl+N or go to View > Navigator.
  2. Log In to Accounts: Double-click Accounts, then select your account or log into a new one using credentials.
  3. Apply Indicators: Drag an indicator from the list and drop it onto a chart. Adjust settings to match your strategy.
  4. 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.
author image
Paul Holmes
Author

Opening Navigator window in MetaTrader 5

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?

How To Navigate Toolbox

  1. Open Toolbox: Press Ctrl+T or go to View > Toolbox.
  2. Switch Tabs: Click the tabs at the bottom of the Toolbox window (eg Trade, History).
  3. Set Alerts: Go to the Alerts tab, right-click, and choose Create. Set conditions like when EUR/USD hits 1.1000.
  4. 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.
author image
Paul Holmes
Author

Opening the Toolbox in MT5 terminal

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.
author image
Paul Holmes
Author

Advanced Charting

MT5 takes charting to the next level with 21 timeframes (from 1 minute to 1 month) and over 80 built-in indicators.

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.
author image
Paul Holmes
Author

Opening trend tools on MetaTrader 5 platform

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.

I use EAs for heavy lifting by automating repetitive trading tasks.
author image
Paul Holmes
Author

Opening Strategy Tester on a broker's MT5 terminal

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.

Accessing economic calendar at MT5 broker Admirals

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.
author image
Paul Holmes
Author

Looking at forex DoM on MT5 software

How To Customize MT5

MT5 gives you total control over how your workspace looks and functions:

  1. Dockable Panels: Rearrange panels like Market Watch, Navigator, and Toolbox to create your perfect setup.
  2. Custom Indicators: Beyond the built-ins, you can add custom indicators downloaded from the MQL5 marketplace.
  3. 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.
author image
Paul Holmes
Author

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

Adjusting chart settings on MetaTrader 5 desktop platform

Add Indicators

Adding indicators on MetaTrader 5

I often stack multiple indicators in the same sub-window (e.g., RSI and MACD) to save space and get a combined view.
author image
Paul Holmes
Author

Customize Chart Appearance

MT5 chart customization settings

Use Multiple Timeframes

Changing timeframes on MT5

Workspace Customization

Dockable Panels

MT5 lets you rearrange panels like Market Watch, Navigator, and Toolbox to suit your style.

💡
Keep frequently used panels close to the chart window for quick access.

Multiple Monitors

If you’re juggling multiple markets, spread your charts across several monitors.

Custom Profiles

Set up different profiles for various trading strategies or markets. For example:

Keyboard Shortcuts & Hotkeys

MT5 is a hotkey lover’s dream. You can assign shortcuts for nearly every action.

Use shortcuts for actions like switching timeframes or closing charts; this helps me save precious seconds during fast markets.
author image
Paul Holmes
Author

Market Watch Customization

This is where you monitor all the instruments you can trade.

Depth Of Market (DOM) Settings

Active traders using DOM can customize their views.

I use the DOM for precise entry/exit planning, especially in highly liquid markets.
author image
Paul Holmes
Author

Alerts & Notifications

Stay on top of price changes without constantly watching the screen.

Setting alerts on MetaTrader 5

Expert Advisors (EAs) & Scripts

Automation is king on MT5, and the platform makes it easy to implement your trading bots.

💡
Optimize EAs before live trading using the Strategy Tester.

Adding Expert Advisors on MT5 platform

Language & Regional Settings

If English isn’t your preferred language, switch the platform’s language.

Changing language settings on metaTrader 5

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.

author image
Paul Holmes
Author

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.

Article Sources

The writing and editorial team at DayTrading.com use credible sources to support their work. These include government agencies, white papers, research institutes, and engagement with industry professionals. Content is written free from bias and is fact-checked where appropriate. Learn more about why you can trust DayTrading.com