What is MetaTrader 5?
MetaTrader 5 (MT5) is a powerful, multi-asset trading platform developed to meet the growing demands of modern traders. It offers access to a wide range of financial markets, including foreign exchange, stocks, indices, commodities, and cryptocurrencies. MT5 builds upon the success of MetaTrader 4 by introducing more timeframes, technical indicators, order types, and analytical tools, enabling a more versatile and in-depth trading experience for both beginners and professionals.
Designed with speed and flexibility in mind, MT5 allows users to manage multiple trading accounts, implement complex strategies, and utilize automated trading systems through the advanced MQL5 scripting language. The platform also integrates a real-time economic calendar and offers cloud hosting for uninterrupted expert advisor performance.
Why Choose MT5 with OnFin?
- Full integration with all OnFin account types for a seamless trading experience.
- Quick registration process and instant platform access with secure credentials.
- Cross-platform availability: MT5 runs on Windows, macOS, Android, and iOS.
- Offers both demo and live accounts for different experience levels and needs.
- Reliable server infrastructure ensures low latency and high execution speed.
- Dedicated customer support to assist with platform navigation and troubleshooting.
- Regulated and transparent brokerage environment for safe and compliant trading.
Getting Started with MT5
- Visit OnFin’s official website and create your account in a few simple steps.
- Download the MT5 platform version compatible with your device.
- Use your login credentials to sign in to the trading platform securely.
- Select the appropriate OnFin server to connect your account for trading.
- Customize your workspace by selecting chart types, technical indicators, and templates.
- Use the built-in news feed and calendar to stay updated on economic events.
- Begin executing trades using the platform’s extensive market analysis tools.
Advanced Features and Tools
- High-precision charting with 21 timeframes and advanced drawing tools.
- Access to 80+ technical indicators and 40+ graphical objects for analysis.
- Integrated marketplace for purchasing and testing expert advisors (EAs) and indicators.
- Built-in VPS hosting ensures continuous operation of automated strategies.
- Supports pending orders, stop orders, trailing stops, and partial order fills.
- Built-in economic calendar and financial news integrated for informed decisions.
- Multi-threaded strategy tester for comprehensive backtesting of trading robots.
System Requirements
To enjoy a seamless trading experience on MT5, your system should meet these requirements:
- Operating System: Windows 7 or later, macOS Catalina+, Android 8+, iOS 12+
- Memory: At least 512MB for mobile devices, 2GB or more for desktop devices
- Storage: Minimum of 100MB free disk space
- Internet: A stable broadband or 4G/LTE connection recommended
Download MT5
MT5 vs MT4 Comparison
| Feature | MT4 | MT5 |
|---|---|---|
| Timeframes | 9 | 21 |
| Technical Indicators | 30 | 38 |
| Assets | Forex only | Forex, Stocks, Commodities, Crypto |
| Strategy Tester | Single-threaded | Multi-threaded |
| Language | MQL4 | MQL5 |
Frequently Asked Questions (FAQ)
- What is MetaTrader 5? MT5 is a multi-asset trading platform used to access forex, stocks, crypto and more. It’s known for its enhanced analytical tools, integrated news, and support for automated strategies. It is considered one of the most powerful trading platforms available today.
- Is MT5 suitable for beginners? Yes. MT5 is user-friendly and includes a demo account feature. It’s designed with both new and professional traders in mind and offers a wide array of tutorials and practice tools.
- Can I use MT5 on multiple devices? Absolutely. MT5 supports synchronized access from desktops, tablets, and smartphones. You can use the same login credentials on each device.
- Is MT5 free with OnFin? Yes. All OnFin clients can use MT5 free of charge. There are no additional costs for accessing the platform once registered.
- Does MT5 support automated trading? Yes. MT5 supports Expert Advisors (EAs) and offers a built-in programming environment (MQL5) for building and testing strategies.
- What markets can I trade with MT5? You can trade forex, stocks, indices, commodities, and cryptocurrencies. MT5 supports a wide range of instruments, making it a complete solution.
- Is my data secure on MT5? Yes. MT5 uses encrypted connections and OnFin adds additional layers of compliance and data protection to ensure safety.
- Can I switch between demo and real accounts? Yes. You can open both demo and real accounts on MT5 and switch between them anytime within the platform.
- How do I get help if I have issues? OnFin support is available 24/5 through email, live chat, and phone. They assist with setup, technical, and account questions.
- Is MT5 faster than MT4? Yes. MT5 supports 64-bit architecture and multi-threading, which provides faster performance, especially for automated strategies and complex analysis.