All MetaTrader 5 Reviews
1-25 of 44 Reviews
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Themba
Verified reviewer
Education Management, 51-200 employees
Used daily for less than 2 years
OVERALL RATING:
5
EASE OF USE
5
FUNCTIONALITY
5
Reviewed March 2024
MetaTrader 5 trading platform
I learned lot of things with metaTrader like indicators,trading strategies & how to prevent major losses.
PROSGuys i like this app so much its beta than 4 especially with the new features brought this year.
CONSI'm worried about latest update everytime you open trade its jamming previous update before the latest was moreway better than new one.
Rivoningo Shaun
Architecture & Planning, 11-50 employees
Used daily for more than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed July 2022
The best trading platform
I do personal forex trading and I am also teaching others to trade forex, they too appreciate the app.
PROSIt is easy to access trading account on this platform and payour is faster. Deposited funds appear on the platform immediately.
CONSI have never come across difficulties when using the app, it is quite reliable.
Reason for choosing MetaTrader 5
MetaTrader5 is essy to use and requires little data to operate. It operates 24/7 so this is why I chose the app.
Reasons for switching to MetaTrader 5
Derive is slow, complicated and it requires a lot of data to operate.
Kranthi
Accounting, 1 employee
Used daily for less than 6 months
OVERALL RATING:
1
EASE OF USE
2
VALUE FOR MONEY
1
CUSTOMER SUPPORT
1
FUNCTIONALITY
1
Reviewed January 2023
Works Platform to trade...No guaranty for Our FUNDS to withdraw
For the withdraw time they are asking us to pay unnecessary charges. Even that conditions they will not mention before.Huge loss for who trading with this platform.No guaranty for our funds and no support to withdrawal our amount from account.So many restrcions and so many condtion now i cannot able to withdraw my money.Huge loss now i am in trouble i paid all the taxes like Country ta ,Tether USA AND asking for Fin CEN......this all comes when your trying to withdraw amount from your account they will charge all this things........Its very bad and worest no one will help you from MT5.I Can say worst platform and Worst and bad experience with this app and enquiry support.Still i am trying for my money back..............I can say worst service
PROSFor the withdraw time they are aking us to pay unnecessary charges. Even that conditions they will not mention before.Huge loss for who trading with this platform
CONSFor the withdraw time they are aking us to pay unnecessary charges. Even that conditions they will not mention before.Huge loss for who trading with this platform
Jorge Guardiola
Verified reviewer
Marketing and Advertising, 1 employee
Used daily for more than 2 years
OVERALL RATING:
4
EASE OF USE
3
VALUE FOR MONEY
5
CUSTOMER SUPPORT
3
FUNCTIONALITY
3
Reviewed October 2021
Among the most known free graphical analysis platforms allowing algorithm trading
Considering the low cost of the platform (free of charge) and the possibility of using robots (algorithm trading) of your own design, rented or purchased, it is a good alternative. Given the fact that Meta Trader 4 and 5 are possibly the most used trading platform worldwide, the number of users and contributors is immense. The MQL5 forum shows a great number of indicators and robot developers who may be happy to sell or rent their products.
PROSMeta Trader 5 and its brother application Meta Trader 4 are possibly the most used platforms worldwide both for manual trading and using robots (algorithm trading). The software was originally developed based on Linux and is usually distributed free of charge by most trading agents and hedge funds, becoming like the entry-level application for manny daytraders.
CONSBeing a software usually available free of cost, the support is based on forums and users associations from a great number of countries. Basically, if help is needed it will require many times, extensive searching and reading before a solution is found. When using VPN to achieve better response time and less sleepage of orders, performance is good. Without using VPN, performance may be critical unless the trading agent provides a direct and upgraded communications channel with Meta Trader 5 servers. You may experience platform stops of several seconds sometimes.
Ontiretse
Verified reviewer
Apparel & Fashion, 1 employee
Used daily for more than 2 years
OVERALL RATING:
5
EASE OF USE
4
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed September 2023
Meta Trader 5 Review 2023-Softidity
My overall experience with Meta Trader 5 is a positive one. it is an software that i recommend to other financial traders as it offers real time access to the markets. there are no delays and data is displayed at real time.Meta Trader 5 also allows its users to connect to many of the available brokers. you can sign up to a broker of your choice and still be able to connect the app.
PROSthe main features that i love about Meta Trader 5 is the feature that allows you to open graphs from different currency pairs and be able to observe them all at the same time. Market watch becomes very easy for someone who need to observe different financial commodities at the same time.
CONSDifficulty for new users to understand the platform, for users that have not used the previous versions of the platform before, it becomes difficult to locate some of the tools that are critical to trading.
Reasons for switching to MetaTrader 5
Feature have been more refined in meta trader 5 and there are a lot more tools as compare to Meta Trader 4
Anonymous
2-10 employees
Used weekly for less than 2 years
OVERALL RATING:
5
EASE OF USE
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed May 2023
MetaTrader 5 is the Best Trading Platform
The hustle and bustle to run around to buy and sell or working hard to earn extra income is overcome by MetaTrader 5 by ensuring you to make money from anywhere anytime. Forex trading is indeed a rewarding market to which MetaTrader 5 becomes the interface between the trader and the various forex markets.
PROSInstant Execution and Swaping are impressive and it is very easy to use in any computers like android phones, apple phones, laptops, desktops and tablets. I am a trader so the most reliable software or trading platform I have found in my daily and weekly trading is MetaTrader 5. It helps me a lot in my trading business.
CONSThe only feature that needs to be consistent with all the computers is the adjustment for take profit and stop loss executions. In a desktop the stop loss and take profit targets can be manually adjusted but the same is not found in the androids and tablets. Hence, when you are not trading using the desktop, and maybe when you are mobile, it is little bit difficult to manually adjust the take profit and stop loss targets. Hence, the tendency to making a loss is there.
Stephan
Verified reviewer
Computer & Network Security, 2-10 employees
Used daily for more than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
3
FUNCTIONALITY
5
Reviewed May 2023
MetaTrader5 why i love trading on it
I love it, and the fact that its free makes it that much more appealing
PROSEasy to use and install program to access my Broker's network and make informed Forex and Synthetic Indices trades.It also easily runs my Robots or Expert Advisors which are programs to automatically open and close trades for you based on a set of parameters
CONSNo down sides discovered yet, but i would have liked longer trade history. Longer than 6 monthd
Daniel
Verified reviewer
Health, Wellness and Fitness, 501-1,000 employees
Used daily for less than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
4
FUNCTIONALITY
5
Reviewed January 2022
Great and simple platform for trading derivatives.
MetraTrader 5 makes trading so simple and easy to do provided you already have the knowledge to trade the money and capital markets. I enjoy trading on MetraTrader 5 so much as it makes my trading of CFDs so easy unlike other complex trading platforms.
PROSMetraTrader 5 has a very simple and easy to understand user interface. As a result it makes trading on the platform very easy. I personally trade forex and other Contract For Difference (CFD) derivatives such as NAS100, US30, S&P 500 and synthetic indices on the platform.
CONSSince MetraTrader 5 isn't an institutional trading platform it lacks certain security features that institutional platforms provide. As a result a lot of scammers tend to take screenshots of fake demo profits to lure unsuspecting people into investing with them and they end up losing their money to these scammers.
Bame
Verified reviewer
Hospital & Health Care, 51-200 employees
Used daily for more than 2 years
OVERALL RATING:
5
EASE OF USE
4
VALUE FOR MONEY
5
CUSTOMER SUPPORT
4
FUNCTIONALITY
5
Reviewed February 2023
Most Important Tool for Day Trading
Im able to perform technical analysis and place anything from market execution to pending orders. This is the only app that makes me a ton of money on my phone. Its never been easier to participate in the financial markets than now thanks to the Metatrader 5 app.
PROSIt allows me load multiple broker accounts and trade them simultaneously, its convenient as its available on PC and Android.
CONSI can no longer use it on my Iphone since its no longer available.
Mamoloko
Arts and Crafts, 51-200 employees
Used daily for less than 2 years
OVERALL RATING:
5
EASE OF USE
5
FUNCTIONALITY
5
Reviewed November 2023
Customer satisfaction
Metatrader 5 is owesome compared to other trading platforms Wich enables one to trade different assets with ease
CONSGlitches although sometimes you might experience some glitches Wich might cause delays
Rennee
Design, 1 employee
Used daily for more than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed November 2021
Trading stocks made easier
The platform is eligible for usage worldwide, giving investing opportunities to anyone. The platform operates on a couple of devices like Windows, iOS and Android. This variety helps potential investors start small and grow their way up. They offer indicators and robots, which serve to make trading easier. This platform is open to big institutions as well as individuals.
PROSWithdrawal of profits is the easiest and convenient process. In South Africa our global bank is FNB and after a successful trade the funds are loaded directly to your account, saving you the hassle of transfering to a medium international account then to FNB. Traders benefit from the growing and falling exchange rates against each other. MetaTrader 5 is legit and offers brokers who help you with spreads. Also a little bit of training is provided for new users as guidance.
CONSThe platform already has a lot of users, and support or assistance enquiry may take forever. I do consider calling my broker but the network in different countries may get in the way. But that is the best option so far.
Reasons for switching to MetaTrader 5
MetaTrader 4 is limited compared to MetaTrader 5.
Felipe
Education Management, 501-1,000 employees
Used weekly for less than 2 years
OVERALL RATING:
4
EASE OF USE
4
FUNCTIONALITY
4
Reviewed April 2023
Great and professional trading platform
Overall, I would recommend Metatrader 5 to experienced traders who are looking for a powerful and customizable platform. However, beginners may want to consider other options that are more user-friendly.
PROSI have been using Metatrader 5 for both stock and currency trading, and overall, it has been a positive experience. The platform offers a wide range of features and tools, and there are many free and paid add-ons available to customize it to your needs. I particularly like the ability to use automated trading strategies and to access historical data for backtesting. The platform is also available on multiple devices, including desktop and mobile, which is convenient for trading on the go.
CONSOne issue I have encountered is that sometimes I am not confident that the data being displayed is up to date, which can affect the accuracy of my trades. Additionally, while there are many third-party add-ons available, I am concerned about the security of these applications and whether Metatrader ensures their safety. Finally, the platform can be somewhat difficult to use, particularly for beginners, and it may take some time to get used to its interface and features.
Christopher
Verified reviewer
Retail, 2-10 employees
Used daily for more than 2 years
OVERALL RATING:
4
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed November 2022
One of the best trading app ever.
I have had the best experience on this software. the only thing that is still a problem is those missing indicators. but overall, it is a very good app.
PROSThe best feature about this software is that I can open multiple charts of different pairs all at once and i can monitor different charts if i dont have multiple screens. Apart from that is the strategy tester that was made available so that people can practice within the app on real markets. They also have a "signals" option where one can choose from thousands of professional traders and copy their trades in a fully automated way. This really helped me as a beginner and made money while still learning...
CONSThere are a lot of missing tools and indicators that some other platforms use. for example, they dont have fibonacci extention.
Saurabh
Real Estate, 2-10 employees
Used daily for less than 2 years
OVERALL RATING:
4
EASE OF USE
5
VALUE FOR MONEY
4
CUSTOMER SUPPORT
5
FUNCTIONALITY
4
Reviewed July 2022
Best trading platform i have used
Overall my experience is good because i have used a lot of trading platforms but when i found meta trader 5 . I was sticked with it till now and i hope they will add new features and i will never change my trading platform.i am used to its graphics and tools and very much satisfied to it's features excellent
PROSA lot of options to trade like currencies crypto commodity based ob our broker and log in very easy with having almost every broker and great graphics..and a lot of indicators that helps a trader .
CONSSome times it freezes I don't know why but while i want to buy or sell any pair sometimes it freezes for some seconds which leads us to buy and sell at different price we want
Reasons for switching to MetaTrader 5
Other trading platforms were so much lagging and gave less number of tools indicators so i was searching for better option and found meta trader5
Pontsho
Marketing and Advertising, 1 employee
Used daily for more than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed February 2023
Review on MetaTrader 5 by @pontsho_tvc
My experience with matter has been amazing and it is simply bcos it is the best platform. I mean which broker is not on MetaTrader? Lol Follow me @pontsho_tvc
PROSEverything as in easy login, various servers to choose from in according to your broker or brokerage. Dashboards easy to maneuver and pretty much trading is MetaTrader and 5 is the best version of it really.
CONSNothing I would say I don't like or didn't like about the platform. I rather recommend it to everyone who wishes to trade, learning or anybody for that matter.
Anonymous
1,001-5,000 employees
Used daily for more than 2 years
OVERALL RATING:
4
EASE OF USE
4
FUNCTIONALITY
5
Reviewed December 2022
Best For Trading
It is an amazing software, easy to use!
PROSI have used the metatrader5 for quite some time now, and it is a very user friendly software. The fact that I am able to view my trading history on the charts is so amazing. Opening pending orders, modifying TP and SL by simply dragging and dropping. How amazing!
CONSThe one thing I did not like much about the MT5, especially on the mobile phone is that I am unable to modify my TP and SL easily when I am holding the mobile phone on the landscape position!
Nsubuga
Marketing and Advertising, 501-1,000 employees
Used daily for more than 2 years
OVERALL RATING:
4
EASE OF USE
3
VALUE FOR MONEY
4
CUSTOMER SUPPORT
2
FUNCTIONALITY
4
Reviewed March 2023
Meta trader 5
Financial and asset analysis before making financial decisions.
PROSThe charts display and the different icons directing one to the usage sections
CONSThe community section is lagging and this limits so many since a new user can not easily identify it and how to use it.
Roger
Internet, 2-10 employees
Used daily for more than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed September 2022
Trading facil
En general he aprendido a como usarlo, adonde esta cada cosa. La ayuda es un poco complicada y he tenido que buscar en foros una mejor explicacion-.
PROSQue se pueden programar EA's para expandir las funcionalidades y automatizacion.
CONSel UI esta un poco atrasado ya que la aplicacion de escritorio para de windows 95. Visualmente no es atractivo para el usuario podrian mejorarlo.
Reason for choosing MetaTrader 5
no podia implementar EAS
Reasons for switching to MetaTrader 5
me gusto mas las funcionalidades de MT5
Reotshepile
Broadcast Media, 1 employee
Used daily for less than 12 months
OVERALL RATING:
4
EASE OF USE
3
VALUE FOR MONEY
4
CUSTOMER SUPPORT
4
FUNCTIONALITY
3
Reviewed March 2022
MT5 review
The overall experience of the software is acceptable, there is no bugs or delays on price delivery and data. The only problem I have is unavailable data prior to 2012 and easy access feature of swiping left on a quote to access the chart.
PROSMT5 has an even more extended range of tradeable quotes such as crypto-currencies added giving me more options on tradeable quotes.
CONSThe software is quite complex compared to the previous version MT4. Some of the easily accessible features like swiping left on a quote to view the chart is not available on MT5. Charts on my mobile device can't load data prior 2012 and my analysis on charts would sometimes disappear when I re-open on the chart until I had to set it manually on settings.
Reasons for switching to MetaTrader 5
For a wider range of quotes to trade.
arnaud
Verified reviewer
Design, 1 employee
Used daily for more than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed January 2023
Crypto monnaie en sécurité
Je trouve ça cool
PROSIl est facile d'accéder au compteFaire du trading sur cette plateforme et le paiement est plus rapide. Les fonds déposés apparaissent immédiatement sur la plateforme.Et la sécurité de nos crypto est assurée
CONSJe n'ai jamais rencontré de difficultés lors de l'utilisation de l'application
Oluwatobiloba Abiodun
Capital Markets, 1 employee
Used daily for more than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
4
FUNCTIONALITY
5
Reviewed September 2022
"My MT5 Review"
Solving all forex related issues when it comes to trading,analyzing and communication with metaquotes (mql5) community.
PROSIt provides simple to use interface for both newbies and pros in trading and to cap it all the real time data is excellent with no lagging.
CONSProvides me with real time data, no lagging.
Audrey
Marketing and Advertising, 1 employee
Used daily for less than 2 years
OVERALL RATING:
5
EASE OF USE
5
FUNCTIONALITY
4
Reviewed April 2022
Hyper pratique pour trader débutant et même plus
ça a toujours été un peu chiant pour moi de prendre des positions, entrer le TP, le SL chiffre par chiffres. SUr MT5 plus besoin de faire tout ça, simplement déplacer le curseur là où on souhaite mettre nos ordres. Super pratique pour accéder à son compte dériv directement
PROSLa facilité d'utilisation. C'est ça la différence avec MT4. Ici on peut facilement placer des ordres COMME ON VEUT, c'est trop cool. Et l'option dépôt, retrait c'est une tuerie.
CONSAbsolument rien pour le moment. Tout est super.
Hlalanathi Enoch
Verified reviewer
Accounting, 1 employee
Used daily for more than 2 years
OVERALL RATING:
4
EASE OF USE
5
VALUE FOR MONEY
5
CUSTOMER SUPPORT
5
FUNCTIONALITY
5
Reviewed November 2021
MetaTrader 5 Review
Overall it's great platform just as good as MetaTrader 4. 8/10.
PROSOne of the growing trading platforms, big improvement from metatrader 4 platform. Easy account opening, low trading fees, web compartibility
CONSno stock trading as opposed to MetaTrader 4. Few financial companies offer MetaTrader 5.
Elvis
Banking, 1 employee
Used daily for less than 2 years
OVERALL RATING:
5
EASE OF USE
5
VALUE FOR MONEY
4
CUSTOMER SUPPORT
3
FUNCTIONALITY
5
Reviewed October 2023
Great software
Best trading platform one can ever use.
PROSTimely updates to the software, tools are easily accessible. The app is not complicated at all.
CONSUpdates tend to come slower to Android user than to ios users
Edesiri
Verified reviewer
Professional Training & Coaching, 1,001-5,000 employees
Used daily for less than 2 years
OVERALL RATING:
4
EASE OF USE
5
FUNCTIONALITY
4
Reviewed April 2022
Reliable trading platform
I've used it to trade successfully for the past 1year.
PROSIt easily connects once there is network coverage. Secondly, it's quite easy to navigate around the software. It also easily communicates with other broker sites. Once there's a withdrawal from it or deposit to it, it reflects immediately.
CONSI haven't discovered anything con about it yet.