About MetaTrader 5

MetaTrader 5 is a web-based trading platform designed to help Forex and stock traders automate trading using trading robots, signals and fundamental analysis. Key features include web trading, algorithmic trading, mobile trading and professional technical analysis.

Teams using MetaTrader 5 can predict future market movements through thorough price analysis and forecasting. The application enables users to monitor all required financial instruments, examine short-term price fluctuations and long-term trends. Through the platform, individuals can read news reports from international news agencies, analyze various economic indicators and forecast their effect on stock prices and currency. Additionally, it allows traders to place pending orders and perform comprehe...


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4 Reviews of MetaTrader 5

Overall rating

4.25 / 5 stars

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September 2021

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Lunga from Tept Forex

Verified Reviewer

Company Size: 2-10 employees

Industry: Capital Markets

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

3.0

Functionality

5.0

September 2021

Metatrader takes care of you and your funds

Pros

Metatrader is very simple to use and it involves many indicators and drawing tools to make your trading easy and convenient

Cons

Very limited drawing tools compared to tradingview.

October 2021

Jorge Guardiola from J.Meinhardt Cons. Rep. Ltda

Verified Reviewer

Company Size: 1 employee

Industry: Marketing and Advertising

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

3.0

Value for money

5.0

Customer support

3.0

Functionality

3.0

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.

Pros

Meta 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.

Cons

Being 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.

November 2021

Llanoi from University of Technology

Company Size: 1,001-5,000 employees

Industry: Education Management

Time Used: Less than 2 years

Review Source: Capterra


Ease-of-use

4.0

Functionality

4.0

November 2021

MetaTrader Review

Pros

Multiple window analysis with each timeframe is great as i can plan my trades better and get super sharp entries.

Cons

The android version seems to have a lot of bugs. Zooming in and out of charts is an issue as i have to close and restart the app to get it working again.

November 2021

Hlalanathi Enoch from Self-employed

Verified Reviewer

Company Size: 1 employee

Industry: Accounting

Time Used: More than 2 years

Review Source: Capterra


Ease-of-use

5.0

Value for money

5.0

Customer support

5.0

Functionality

5.0

November 2021

MetaTrader 5 Review

Overall it's great platform just as good as MetaTrader 4. 8/10.

Pros

One of the growing trading platforms, big improvement from metatrader 4 platform. Easy account opening, low trading fees, web compartibility

Cons

no stock trading as opposed to MetaTrader 4. Few financial companies offer MetaTrader 5.