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Trading PlatformFeaturedIndustry Standard

MetaTrader 5

4.7/5

Free (via broker)

Last reviewed: 1/10/2025

MetaTrader 5 is a professional multi-asset trading platform for forex, stocks, and futures with advanced charting and automated trading capabilities.

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What is MetaTrader 5?

MetaTrader 5 (MT5) is the successor to the legendary MetaTrader 4 platform, developed by MetaQuotes Software. It's designed for trading forex, stocks, futures, and CFDs on a single platform.

MT5 is the industry standard for retail forex trading, used by millions of traders worldwide. It's available through most forex brokers completely free of charge.

The platform's biggest strength is its support for Expert Advisors (EAs) - automated trading programs written in MQL5 that can trade on your behalf 24/7.

Key Features

Expert Advisors (EAs)

MQL5 Programming

Depth of Market

Economic Calendar

Multi-Asset Trading

Copy Trading

VPS Hosting

One-Click Trading

Use Cases

🤖Automated Trading

Run Expert Advisors 24/7 to execute your trading strategy automatically.

💰Multi-Asset Trading

Trade forex, stocks, futures, and crypto all from one platform.

📊Custom Indicators

Create or download custom indicators and scripts using MQL5.

📋Copy Trading

Follow and copy trades from successful signal providers.

Pros & Cons

Pros

Free to use via any broker
Industry standard platform
Excellent for automated trading
Huge marketplace for EAs and indicators
Available on desktop, web, and mobile
Supports stocks and futures (not just forex)

Cons

Steeper learning curve than competitors
Interface feels dated
MQL5 requires programming knowledge
Less social features than TradingView

Who Should Use MetaTrader 5?

Algo Traders

Build and run Expert Advisors for automated trading.

Professional Traders

Industry-standard platform trusted by institutions.

Forex Traders

Access to all major currency pairs with tight spreads.

Developers

Create custom indicators and EAs with MQL5.

Alternatives to MetaTrader 5

Service	Rating	Pricing
📊TradingView	4.9	Free / $14.95-59.95/mo	View Details

Frequently Asked Questions

Is MetaTrader 5 free?

Yes, MT5 is completely free to download and use. You access it through a forex/CFD broker account.

What is the difference between MT4 and MT5?

MT5 supports more asset classes (stocks, futures), has more timeframes, improved backtesting, and uses MQL5 instead of MQL4.

Can I use Expert Advisors on MT5?

Yes, MT5 fully supports Expert Advisors (EAs) written in MQL5. There's also a large marketplace to buy or rent EAs.

Which brokers support MetaTrader 5?

Most major forex brokers support MT5, including IC Markets, Pepperstone, XM, and hundreds more.

Vetted & Trusted Partner

This service has been vetted and tested by our team. We only recommend tools we trust.

Ready to Try MetaTrader 5?

Get started today and discover how it can enhance your trading experience.

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TradingView

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Links on this page are affiliate links. We may earn a commission if you sign up through our links.