How to deposit money in metatrader 5

Metatrader 5 certainly isn’t as widely used as metatrader 4, but it still has a lot to offer.

Free forex bonuses

MetaTrader 5, how to deposit money in metatrader 5.

The key difference is that metatrader 5 is geared towards the advanced trader. MT5 offers 38 technical indicators while MT4 has 30. MT5 has 44 graphical objects to MT4’s 31. And MT5 has 21 timeframes while MT4 has nine. Metatrader 5 is available at some of the best-established stock and forex brokers, particularly in the UK and US:

Metatrader 5

Metatrader 5 (MT5) facilitates online trading in forex, stocks, and futures. Rich analysis tools and indicators make it an excellent platform for experienced traders. Automated trading is also available through expert advisors and signals. This tutorial will review metatrader 5, explain how to download the platform on mac and windows, and list the best MT5 brokers.

Metatrader 5 brokers

History

Metaquotes released the metatrader 5 platform in 2010 as a successor to the hugely popular metatrader 4. Retaining the same iconic logo, metatrader 5 was marketed to the advanced trader, offering an extensive suite of trading tools.

The platform connects retail traders to multiple markets:

Stock indices, including the S&P 500, dow jones, NASDAQ, dax 30

Cryptocurrency, including bitcoin (XTB)

Commodities, including gold

Forex, including XAU/USD

Cfds

Getting started

System requirements

Metatrader 5 is free to use and available directly through an online web browser. Alternatively, you can download the platform to your PC. The software is compatible with windows XP, 7, 8, and 10. The download also works on mac devices, except with macos catalina. The software should run smoothly on both 32-bit and 64-bit processors. Metatrader 5 is also compatible with linux.

Registration

Once you have downloaded metatrader 5 to your PC or navigated to the login page on your browser, register for a new account. Most brokers will require basic information to verify your identity, trading objectives, and risk appetite.

From your account dashboard, you can make deposits and withdrawals. Minimum deposits vary between brokers. Payment fees also depend on the provider and method selected.

Trading costs, commissions, and leverage levels are flagged when you sign up for an account. Forex traders may see a swap charge against their account. A swap fee is interest earned or paid on trades kept overnight.

Technical analysis

Metatrader 5 offers 38 built-in technical indicators, including:

Exponential moving averages (emas)

Volume profile

MACD-2 lines

Pivot points

B-clock

Zig zag

Renko

Custom indicators are also available from code base and the market.

Over 100 price charts are available on the platform with 21 timeframes, ranging from one-minute to one-month. This makes the platform suitable for analysing both short-term and long-term price trends.

Additional tools

Metatrader 5 is home to real-time international news streams and an economic calendar. The software also has a depth of market feature to see liquidity, plus one-click trading and a vast library of historical market information, such as NSE stock data.

Metatrader 5 allows for separate accounting of orders and trades, plus support for all types of trading orders and execution models.

The two accounting modes are:

Netting – adopted on exchange markets

Hedging – used for trading

For further guidance on how to build a trading strategy, see here.

Customisation

The metatrader 5 web terminal has been designed with personalisation in mind. Gateway java and python apis, for example, enable integration so users can run:

Custom indicators – indicators can analyse price data following pre-determined rules.

Scripts – scripts can perform almost any function on the platform, such as adding indicators to a chart or closing all pending orders.

Libraries – this is a portfolio of tasks that share segments of popular custom applications on metatrader 5.

Note you can also personalise the look and feel of the platform, including choosing between the light and dark mode.

Expert advisors

Automated trading is available through expert advisors (eas). Following pre-determined criteria, algorithms will automatically execute trades on your behalf.

The MQL5 programming language allows for the development, backtesting, and optimisation of expert advisors. The MQL5 wizard helps beginners get started with trading robots. For advanced traders, MQL5 IDE provides additional tools:

Metaeditor – used to develop and refine trading robots and indicators

Strategy tester – tests trading strategies using historical data

Expert advisors can also be bought directly from the market or free downloads are available at code base. Detailed tutorial pdfs that explain how to get started with metatrader 5 robots can be found online.

Mobile app

If you need to step away from your macbook or chromebook, the mobile app has everything a pro needs to operate. You can access a complete set of trading orders, including pending orders and level 2 prices, with up to 32 quotes. Mobile traders also benefit from fast switching between financial instruments on charts, free financial news, push notifications, 30 technical indicators, and 24 analytical tools. Additionally, the history center can be used to view price quote history.

Download the android mobile app (APK) from the google play store. For iphone users, head to the apple app store. Alternatively, the platform is available through the webtrader login page on your mobile browser. A tutorial for MT5 mobile beginners is offered by most brokers.

Note the time zone is set by the broker and cannot be changed from your iphone or android device.

Demo account

The free metatrader 5 demo account is an excellent preliminary step to take before opening a real live account. Beginners can get familiar with trend analysis and order execution. You could test a strategy on shares, for example, without risking real money. You could also play around with different lot sizes in a forex strategy, or try trailing stops and risk management tools. Note 1 lot equals 100,000 of your base currency while a mini lot equals 10,000 and a micro lot equals 1,000.

A useful tip for new traders is to keep a trading journal, documenting what does and doesn’t work. For further guidance on demo accounts, see here.

Metatrader 5 brokers list

Metatrader 5 is available at some of the best-established stock and forex brokers, particularly in the UK and US:

Interactive brokers

Admiral markets

Trading 212

JFD brokers

JP markets

Binary.Com

IC markets

Just2trade

24option

Oanda

Support

Support is available to metatrader 5 customers through several avenues. Head to the ‘help’ page for key topics, including:

Getting started

Charts & graphs

Price analysis

Copy trading

Mobile trading

Trading signals

Automated trading

For common issues, such as no connection, the platform keeps closing, or you’ve forgotten your password, most brokers operate a live chat or telephone support service. To get complex topics explained and standard templates, user manuals and guides in pdfs or online videos are a good place to start.

However, arguably the greatest source of support is the online metatrader 5 community. If you’re having issues with the platform not updating, connecting or working, or if you want a review of keyboard shortcuts and hotkeys, you’ll find forums with users willing to help. Avid users are also great for updates on how to get the most out of the latest version of metatrader 5.

Errors

Common platform errors include:

‘market closed’ – appears when you try and place a trade outside of trading hours

‘off quotes’ – if connectivity drops, the platform can’t display current prices

‘can’t place order’ – usually happens if you try to place a trade without sufficient capital in your account

‘unsupported filling mode’ – brokers use different symbol filling modes, so check the filling mode accepted by your symbol

Head to the ‘contact us page’ to speak to a manager from one of metatrader’s representative offices.

Metatrader 5 vs metatrader 4

Metatrader 5 certainly isn’t as widely used as metatrader 4, but it still has a lot to offer. The key difference is that metatrader 5 is geared towards the advanced trader. MT5 offers 38 technical indicators while MT4 has 30. MT5 has 44 graphical objects to MT4’s 31. And MT5 has 21 timeframes while MT4 has nine.

Metatrader 5 is also considered a multi-asset platform, whereas metatrader 4 is primarily used by forex traders. Finally, metatrader 5 has two market orders, six pending orders, plus two stop orders, whilst MT4 offers two market orders and four pending orders. But the price of MT5’s additional tools is that beginners and those looking for an uncomplicated platform might be deterred.

So when it comes to the choice of metatrader 5 or metatrader 4, consider your needs. MT5 is probably the best fit for advanced traders seeking a state-of-the-art platform, but MT4 will suffice for most.

Metatrader 5 vs ninjatrader 8

For forex traders, there is a metatrader vs ninjatrader debate. Both platforms are aimed at experienced traders using sophisticated strategies.

The benefit of ninjatrader is that it promises more customisation than metatrader 5. The downside is it’s not as readily available as metatrader. This means less choice when it comes to brokers and a smaller online community. In contrast, the metatrader 5 community is extensive, ensuring help is always on-hand, be it you want to change the platform’s time zone indicator or view the latest update release notes.

Overall, metatrader 5 is more widely available and still offers ample customisation.

Final word

For experienced traders wanting a multi-asset platform and access to powerful trading tools, metatrader 5 is a sensible option. The server allows you to operate multiple accounts with different brokers. It also has excellent automated trading capabilities and copy trading. Overall, for complex trading strategies, metatrader 5 is among the best.

What is metatrader 5?

Metatrader 5 is an online trading platform that connects retail investors to the financial markets. It’s commonly used for trading on forex, stocks, and futures.

Is metatrader 5 a broker?

No – metatrader 5 is not a broker. It’s offered by brokers to customers who use the interface to manage trading activity, including conducting analysis and executing trades.

Is metatrader 5 a legitimate platform?

Metatrader 5 is a legitimate and well-regarded platform. Its developers, metaquotes, are among the industry’s best-established providers.

How do I use metatrader 5?

To use metatrader 5 you need to download the platform to your mac or windows device, or open the terminal in your web browser. You will then need to register for a new account. Once you have your login details, sign-in to deposit funds, conduct price analysis, and place trades.

Is metatrader 5 free?

Metatrader 5 is free to use for traders. The broker pays an upfront fee and a monthly charge to be able to license the platform to its customers.

How do I use a metatrader 5 demo account?

To use a metatrader 5 demo account, simply register for a new account, select ‘demo’, and follow the on-screen instructions.

Is metatrader 5 safe?

Metatrader 5 is a relatively safe platform, using data encryption and extended authentication to protect client information from hackers. With that said, it’s impossible to guarantee the security of any online platform. Also, trading by its very nature is risky, so do not risk more than you can afford to lose.

How to open a metatrader 5 account

Interested in learning how to set up a metatrader 5 account? This article will explain in detail everything you need to know about how to get started. Moreover, this article will also discuss how to create a demo account for metatrader 5 (MT5) and other useful tips to help you get started, such as adding and withdrawing funds.

Trading with metatrader 5

To answer the question of how to open a trading account on metatrader 5, we need to look at six steps that are part of involved in the process.

Choose a metatrader 5 broker

Download the trading platform

Creating a trading account

Installing metatrader 5 supreme edition.

Adding funds to your live account

Let's look at these six stages individually, to provide us with a more detailed understanding of how to open a trading account on metatrader 5.

1) choose a metatrader 5 broker

The first step in opening a metatrader 5 trading account, is to choose a forex broker which offers the metatrader 5 trading platform. Choosing a good broker can be a daunting task due to the amount of choice there is out there. Be sure to do your research carefully and, if in doubt, read our guide on ' how to find the best CFD & forex brokers ' which will help guide you through this process.

At admiral markets, we offer the ability to trade using both the metatrader 4 and 5 trading platforms.

2) download the trading platform

Whether you are considering opening a live account for metatrader 5, or a demo trading account, you will need to download the software.

If you are using windows, head over to the metatrader 5 download page , fill in your details and begin your download! For mac users, read our article ' how to install metatrader 5 for mac ' in order to learn how to proceed, the specific steps involved will depend on which mac OS you have installed.

Once you have downloaded the installation file, open it to begin the installation process. To log in, you will need to have either a live or demo trading account, both of which we will explain how to open later on.

3) create your metatrader 5 account

Once you have the metatrader platform on your device, you will need to open an account with your chosen metatrader 5 broker.

For new traders, it is recommend that you practice on a demo account before making the transition to a live metatrader 5 account. The process for opening a demo trading account does not differ greatly from that of opening a live account with admiral markets, however, below we will walk you through both processes.

Opening a demo account

A forex demo account enables you to trade forex in metatrader 5 with virtual funds, allowing you to practice different trading strategies without risking your own capital. You can practice trading on a wide range of products, all with real market prices.

To create a new demo account for metatrader 5, simply visit the demo account page on our website and complete the form. Once you have done this, you will receive an email with your trading account details, which you can then use to log in to MT5.

Opening a live account

If you are ready to trade on the live markets, you can open a live metatrader 5 account with admiral markets. To do this, you must firstly log in to the trader's room with your registered email address and password (if you have a demo account, this is the same email you used in that sign up process). If you do not already have a trader's room account, you will need to create one .

Once logged in to your trader's room, just follow these steps:

Click the 'open live account' button.

Add and verify your phone number.

Add your details over the following pages. These details will include contact information, tax identification details and your passport number.

Read and accept the confirmation notice.

Verify your identity by uploading the requested documents.

From here, admiral markets will review your application, after which we will contact you by email with the results of your application. If your application is successful you will receive your account details by email, these will include:

An account ID

A main password

An investor password

Account server

Account type

Account balance

Leverage available

You can see the full process for opening a live account in the video below.

4) log in to metatrader 5

Once you have your trading account set up, open metatrader 5. Once opened, click 'file' at the top of the screen and select 'login to trade account', as shown in the image below.

Source: admiral markets metatrader 5 - file - login to trade account

A dialogue box will then appear on your screen prompting you to login. You need to ensure that the 'server' field matches the server details provided by your metatrader 5 broker. You can overtype in this field if needs be. Enter your account ID in the 'login' field and complete the 'password' field with your main password.

Source: admiral markets metatrader 5 - login

5) metatrader 5 supreme edition plugin

Once you have opened your account, you will have access to a core bundle of indicators. If you would like to expand that selection, there are a vast number of custom indicators that you can purchase from the MT5 marketplace .

Alternatively, you can add a number of cutting-edge indicators and other trading tools free of charge, by downloading the admiral markets metatrader supreme edition plugin (MTSE). MTSE is a custom plugin developed by market professionals that expands the choice of indicators and expert advisors (eas) available on the MT5 platform.

6) add funds to your account

To add funds to a live metatrader 5 account, you will need to log in to the trader's room dashboard using the same email address and password you used to sign up for your trading account. Once you've logged in, follow these steps:

Scroll down to the account where you would like to deposit funds, and click 'deposit'.

Choose your preferred payment method and follow the prompts to deposit funds.

Depending on your payment method, funds may take up to three business days to clear. Once they have cleared, your account balance will appear in your trader's room dashboard next to your live account details.

Note that you can also withdraw funds from the trader's room. Both the deposits and withdrawals processes are outlined in the video below.

Final thoughts

We hope you have found this article on how to create a new account in metatrader useful. Of course, opening an account for metatrader 5 really is just the first step on your journey as a successful trader. If you would like to learn more about the technical tools you'll find in the trading platform itself, you might want to read our list of the ' most important forex indicators '.

Trade on metatrader 5 with admiral markets

Admiral markets offers the ability to trade with metatrader 5 in your browser, or to download the entire platform for FREE! Gain access to real-time market data, technical analysis, insight from professional trading experts, and thousands of trading instruments to trade and invest with. Start your trading journey the right way, click the banner below to get started!

About admiral markets

Admiral markets is a multi-award winning, globally regulated forex and CFD broker, offering trading on over 8,000 financial instruments via the world's most popular trading platforms: metatrader 4 and metatrader 5. Start trading today !

This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks .

How to deposit money in metatrader 5

Hirose financial UK offers 4 simple ways to fund your account.

Important notice for skrill users
users from aland islands, austria, bulgaria, croatia, cyprus, czech republic, denmark, estonia, finland, guadeloupe, guernsey, gibraltar, greece, hungary, ireland (rep. Of), italy, latvia, liechtenstein, lithuania, luxembourg, malta, martinique, mayotte, netherlands, norway, poland, portugal, reunion, romania, svalbard and jan mayen, slovakia, slovenia, spain, sweden, and united kingdom are restricted to use skrill as payment method to hirose financial UK due to regulation restriction. Please use other available funding methods to fund your account.

USD, EUR, GBP 20 USD, 20 EUR, 20 GBP instant

USD, EUR, GBP 20 USD, 20 EUR, 20 GBP within 15 mins*

USD, EUR, GBP 50 USD, 50 EUR, 50 GBP within 2 - 3 business days

※ credit / debit card payments will be instantly reflected in your MT4 account. Neteller and skrill payments take generally 10 to 15 mins during our business hours as these payments are manually processed by hirose staff. If you let us know on our live chat service to facilitate your neteller or skrill payment, we should be able to process your payment faster than indicated above. Bank wire transfer payments will be credited upon confirmation of the receipt of the payments.

※ please note that hirose UK will not process third party payments. Please ensure that any payments made to us are from a card or bank account in your name and not from a third party. If a third party payment is credited to your account it will be returned to the source and you will be liable for any associated costs that may be incurred. Further, we cannot be held liable if the return of such funds has a detrimental effect on your trading account, for example, where the return of funds triggers an automatic closure of your existing positions.

* oricon is the most well known ranking company for customer satisfaction and popularity in japan.

RISK WARNING : cfds are complex instruments and come with a high risk of losing money rapidly due to leverage.
64% of retail investor accounts lose money when trading cfds with this provider.
You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

All financial products traded on margin carry a high degree of risk to your capital. They are not suited to all investors and you can lose substantially more than your initial investment. Please ensure that you fully understand the risks involved, and seek independent advice if necessary (see risk warning). For more information, please click terms and conditions which gives you a fuller explanation of some of the risks involved.

The information on this site is not directed at residents of the united states or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. Hirose UK is unable to accept applications for live accounts from residents of japan.

Popular faqs

How do I open an account with FOREX.Com?

You can apply for an account with FOREX.Com online. Start your application now.

I forgot my username or password. How can I retrieve them?

If you forgot your username, please contact us for assistance. If you forgot your password, please click here here and fill in your username and email. You’ll then receive an email with a link to reset your password.

How do I download FOREX.Com's desktop platform?

Click here to download the FOREX.Com windows desktop application.

How do I download metatrader 5?

Click here to download the FOREX.Com metatrader 5 platform.

Please remove any previous versions of the metatrader 5 software from your PC prior to installation in order to ensure proper function of the platform.

Can I renew my demo account?

Demo accounts last for 30 days after sign up. Afterward, you will not be able to log in using the demo account credentials. Demo renewals are not available at this time. If you have further questions, please contact us.

What information do I need when opening an account?

We will need you to provide us with your name and address to establish your identity. Typically, we can verify your identity instantly. For more information, see our account document faqs .

How much money do I need to open an account?

The minimum initial deposit required is at least 100 of your selected base currency. However, we recommend you deposit at least 1,000 to allow you more flexibility and better risk management when trading your account.

How do I fund my account?

You can easily fund your account by logging in to myaccount and visiting the funding page.

We accept funds by credit card, debit card and wire transfer. For more information, visit our funding & withdrawals faqs.

How will my withdrawal be processed?

Withdrawals can be submitted through myaccount and are processed in the order funds were received.

Funds are returned to the originating account in the following order:

Credit/debit card

Bank transfer

I would like to learn about

Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.

Contracts for difference (cfds) are not available to US residents.

FOREX.Com is a trading name of GAIN global markets inc. Which is authorized and regulated by the cayman islands monetary authority under the securities investment business law of the cayman islands (as revised) with license number 25033.

FOREX.Com may, from time to time, offer payment processing services with respect to card deposits through its affiliate, GAIN capital UK ltd, devon house, 58 st katharine’s way, london, E1W 1JP, united kingdom.

GAIN global markets inc. Is part of the GAIN capital holdings, inc. Group of companies, which has its principal place of business at 135 US hwy 202/206, bedminster, NJ 07921, USA. All are separate but affiliated subsidiaries of stonex group inc.

Deposit and withdrawal

Choose the most comfortable payment method!

Frequently asked questions

Can I make a deposit in my national currency?

Yes, you can. In this case, the deposit amount will be converted into USD/EUR according to the current official exchange rate on the day of the deposit execution.

How can I deposit funds into my account?

Open the deposit within the finances section in your personal area .

Choose the preferred deposit method, select offline or online payment, and click the deposit button.

Select the account you wish to deposit funds into and enter the deposit amount.

Confirm your deposit details on the next page.

The FBS payment method is quick and simple. However, note that your payment provider may ask you for some additional steps.

What payment methods can I use to add funds to my account?

FBS offers different funding methods, including numerous electronic payment systems, credit and debit cards, bank wire transfers, and exchangers. There are no deposit fees or commissions charged by FBS for any deposits into the trading accounts.

What is the minimum deposit amount?

FBS minimum deposit varies depending on the trading account you choose. Cent account has the smallest initial deposit from $1, while the minimum deposit required to open the ECN account is $1000.

How do I deposit funds into my metatrader account?

Metatrader and FBS accounts synchronize, so you do not need any additional steps to transfer funds from FBS directly to metatrader. Just log into metatrader, following the next steps:

Download metatrader 4 or metatrader 5.

Enter your metatrader login and password that you have received during the registration at FBS. If you didn't save your data, get new login and password in your personal area .

Install and open metatrader and fill in the pop-up window with login details.

Done! You are logged into metatrader with your FBS account, and you can start trading using the funds you have deposited.

How long does it take to process a deposit/withdrawal request?

Deposits via electronic payment systems are processed instantly. Deposit requests via other payment systems are processed within 1-2 hours during FBS financial dept.

Business hours: from monday to friday. The maximum time of processing a deposit/withdrawal request via an electronic payment system is 48 hours since the moment of its creation. Bank wire transfers take up to 5-7 bank business days to process.

How can I make a deposit and withdraw funds?

You can fund your account in your personal area, via “financial operations” section, choosing any of the available payment systems. Withdrawal from a trading account can be executed in your personal area via the same payment system that was used for depositing. In case the account was funded via various methods, withdrawal is executed via the same methods in the ratio according to the deposited sums.

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The service is not provided in the following countries: japan, USA, canada, UK, myanmar, brazil, malaysia, israel and the islamic republic of iran

Payment transactions are managed by НDС technologies ltd.; registration no. HE 370778; address: arch. Makariou III & vyronos, P. Lordos center, block B, office 203

For cooperation, please contact us via support@fbs.Com or +35 7251 23212.

Risk warning: before you start trading, you should completely understand the risks involved with the currency market and trading on margin, and you should be aware of your level of experience.

Any copying, reproduction, republication, as well as on the internet resources of any materials from this website is possible only upon written permission.

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Metatrader 5

Metatrader 5 brokers

History

The platform connects retail traders to multiple markets:

Stock indices, including the S&P 500, dow jones, NASDAQ, dax 30

Cryptocurrency, including bitcoin (XTB)

Commodities, including gold

Forex, including XAU/USD

Cfds

Getting started

System requirements

Registration

From your account dashboard, you can make deposits and withdrawals. Minimum deposits vary between brokers. Payment fees also depend on the provider and method selected.

Technical analysis

Metatrader 5 offers 38 built-in technical indicators, including:

Exponential moving averages (emas)

Volume profile

MACD-2 lines

Pivot points

B-clock

Zig zag

Renko

Custom indicators are also available from code base and the market.

Additional tools

Metatrader 5 allows for separate accounting of orders and trades, plus support for all types of trading orders and execution models.

The two accounting modes are:

Netting – adopted on exchange markets

Hedging – used for trading

For further guidance on how to build a trading strategy, see here.

Customisation

The metatrader 5 web terminal has been designed with personalisation in mind. Gateway java and python apis, for example, enable integration so users can run:

Custom indicators – indicators can analyse price data following pre-determined rules.

Scripts – scripts can perform almost any function on the platform, such as adding indicators to a chart or closing all pending orders.

Libraries – this is a portfolio of tasks that share segments of popular custom applications on metatrader 5.

Note you can also personalise the look and feel of the platform, including choosing between the light and dark mode.

Expert advisors

Automated trading is available through expert advisors (eas). Following pre-determined criteria, algorithms will automatically execute trades on your behalf.

Metaeditor – used to develop and refine trading robots and indicators

Strategy tester – tests trading strategies using historical data

Mobile app

Note the time zone is set by the broker and cannot be changed from your iphone or android device.

Demo account

A useful tip for new traders is to keep a trading journal, documenting what does and doesn’t work. For further guidance on demo accounts, see here.

Metatrader 5 brokers list

Metatrader 5 is available at some of the best-established stock and forex brokers, particularly in the UK and US:

Interactive brokers

Admiral markets

Trading 212

JFD brokers

JP markets

Binary.Com

IC markets

Just2trade

24option

Oanda

Support

Support is available to metatrader 5 customers through several avenues. Head to the ‘help’ page for key topics, including:

Getting started

Charts & graphs

Price analysis

Copy trading

Mobile trading

Trading signals

Automated trading

Errors

Common platform errors include:

‘market closed’ – appears when you try and place a trade outside of trading hours

‘off quotes’ – if connectivity drops, the platform can’t display current prices

‘can’t place order’ – usually happens if you try to place a trade without sufficient capital in your account

‘unsupported filling mode’ – brokers use different symbol filling modes, so check the filling mode accepted by your symbol

Head to the ‘contact us page’ to speak to a manager from one of metatrader’s representative offices.

Metatrader 5 vs metatrader 4

Metatrader 5 vs ninjatrader 8

For forex traders, there is a metatrader vs ninjatrader debate. Both platforms are aimed at experienced traders using sophisticated strategies.

Overall, metatrader 5 is more widely available and still offers ample customisation.

Final word

What is metatrader 5?

Metatrader 5 is an online trading platform that connects retail investors to the financial markets. It’s commonly used for trading on forex, stocks, and futures.

Is metatrader 5 a broker?

No – metatrader 5 is not a broker. It’s offered by brokers to customers who use the interface to manage trading activity, including conducting analysis and executing trades.

Is metatrader 5 a legitimate platform?

Metatrader 5 is a legitimate and well-regarded platform. Its developers, metaquotes, are among the industry’s best-established providers.

How do I use metatrader 5?

Is metatrader 5 free?

Metatrader 5 is free to use for traders. The broker pays an upfront fee and a monthly charge to be able to license the platform to its customers.

How do I use a metatrader 5 demo account?

To use a metatrader 5 demo account, simply register for a new account, select ‘demo’, and follow the on-screen instructions.

Is metatrader 5 safe?

How to deposit money in metatrader 5

Hirose financial UK offers 4 simple ways to fund your account.

USD, EUR, GBP 20 USD, 20 EUR, 20 GBP instant

USD, EUR, GBP 20 USD, 20 EUR, 20 GBP within 15 mins*

USD, EUR, GBP 50 USD, 50 EUR, 50 GBP within 2 - 3 business days

* oricon is the most well known ranking company for customer satisfaction and popularity in japan.

How to use a lot size calculator in MT4 and MT5

We are always on the lookout for tools that will help make trading easier, quicker and more efficient. In this post we look at how you can use a lot size calculator in MT4 and MT5 to quickly calculate the size of your trading position based on the information already in your metatrader platform.

This free position size calculator will help you quickly work out your position size based on your current account balance, where you set your entry and stop and the price of the currency being traded.

This can be incredibly handy when looking to make a quick trade and you don’t want to open a manual position size calculator , go back to your MT4 charts, find prices and then have to enter all the required information.

NOTE: not sure what position sizing is or how to do it? Checkout the guide at; forex money management guide

What is the metatrader lot size calculator

The lot size indicator we are discussing today is from earnforex. It is free, regularly updated and comes with some incredibly helpful tools.

The main uses and benefits of this MT4 and MT5 indicator are;

– you can use the indicator with all trading instruments and forex pairs. This is super useful as many position size calculators don’t include markets like gold or stock indices.

– the calculations are simple to use and you can see them directly on your chart with a panel over your MT4 or MT5.

– you can run your calculations and work out risk with either pending orders or market orders .

– the indicator plots stop loss, take profit and entry levels on your chart and you can drag these to show risk and trade size.

– you can use the take profit level to see what your potential risk reward ratio may be on a profitable trade.

– you are given the margin requirements for each position.

– you have a separate tab that shows you information on your rollover costs depending on the pair you are trading.

calculate Forex position size Metatrader

Why use a forex lot size calculator?

As with everything we do in trading, the quicker and more efficient we can do it, the better it will be for our trading.

After finding a potential trade entry, there is a heck of a lot to consider and take into account. We are looking at potential stop loss levels, where a suitable profit target could be and other factors like margin and potential trading costs, among other things.

Using a lot size indicator that is already in our trading platform that we can use to quickly weigh up a potential risk reward ratio , the margin required and how large our trade should be is going to help this trading process.

How to install and run the lot size calculator in MT4 and MT5

#2: if you are not familiar with how to download, install and run indicators, then you can take a moment to read the lesson at; how to download and install indicators

#3: you can download the indicator at;

#4: once you have installed the indicator and restarted your metatrader, click into “insert” >> “indicators” >> “custom” to find and add the position size calculator to your chart.

The earnforex lot size calculator has five main tabs;

Main

This tab is where you have the major control over most of your calculations. Inside the main tab you can decide if the entry is pending or at market, your stop loss, risk and reward as well as entering commissions.

You will also be shown your account balances along with your trade size calculations.

Risk

This is where you can take a quick look at your account risk profile.

The indicator takes into account your current trading positions, any trades you may be looking to enter and your stop loss levels. You will then be shown your account’s current risk level.

Margin

Under the margin tab you will be able to quickly assess your current positions margin and how much margin you currently have remaining for other trades. This is also where you can set your account leverage.

Swaps

This is quite a handy tab especially for traders who might incur overnight rollover costs .

A lot of traders don’t know that they may be going to pay (or receive) these rollover amounts and this tab will quickly show you what costs you could be in-line to pay for your current position.

Script

Many will not use this tab and it can be skipped if you are not looking to use a script to open trades in the same or another platform using the calculated position size with a given entry, SL, and TP level.

How to use the position size calculator

Using the lot size calculator is quite simple once downloaded and installed.

When you want to use it to calculate a potential trade you can open it from the indicators tab inside your metatrader.

When first opened you will be presented with your input options that will allow you to choose things like the colors of your take profit and stop loss levels.

Once you have selected these and hit “ok” the panel will be opened on your chart.

NOTE: if you open the indicator on one pair or market it will not be open on all of your charts. You will have to open it on each chart you would like to use it.

One handy tip that earnforex added about using the indicator is; “the easiest way to add PSC to multiple charts is to save a chart template with this indicator attached to a chart and then load the template on all charts you want it applied to”.

Most traders will use this indicator for its primary use, which is calculating a trade size, potential risk reward and checking margin levels.

This can be done easily by opening the indicator, moving to the main tab, setting your trade entry type and then either manually entering in your stop loss or moving the levels on the chart that are automatically output.

Lastly

This is a super handy indicator, but as with all new indicators and tools make sure you first practice with it on your demo and become comfortable with using it before using it on a live account.

If you are using this indicator and you want to find a little more information on it, you will find a quick video at the earnforex site that goes through how to use this indicator, along with the recent updates.

Please leave any questions or comments in the section below;

Metatrader 5 tutorial: ultimate guide on how to use metatrader 5 in binary options?

Metatrader 5 provides an array of opportunities for a pool of actions in the financial markets, such as trading analysis (both fundamental and technical), testing of trading strategies, the development, automated trading, customize technical indicators, and scripts.

The platform is powerful with multiple trading instruments. Moreover, you have the freedom to enjoy the platform from both smartphone and tablets.

The versatility was designed to equip the user with a complete set of tools so that traders can trade in any financial market with ease.

In this article, we will give you an ultimate guideline so that you can achieve outstanding trading performance from this platform. Whether you have novice or advance traders, it is the all in one platform for trading forex to binary options.

If you want to more about this exotic trading form, you can collect information from our what is binary trading article.

What is metatrader 5

Metatrader 5 isn’t just only a trading platform. It is a complete and highly preferred platform that allows traders to trade the financial market around the world.

Moreover, it has a highly accessible interface, rich functionality, a straightforward, and intuitive logic of trade. The platform metatrader was released in 2010. It is both an updated and upgraded version of metatrader 4.

We will discuss the differences between the two platforms, later in this article. If you want to have access to a broader range of trading opportunities, charts, indicators, technical analysis of quotes, etc. Then metatrader 5 is the best choice for you.

Hundreds of brokers and financial platforms use this high-tech trading platform. Besides, it supports major financial news providers which is an important advantage for traders. So, binary trading is now simpler than other platforms.

Why metatrader 5 is the market leader

The platform is widely accepted by many traders only for its benefits and features. It is the best choice for modern traders and also for advanced traders. You can purchase a trading order without jumping into other sites for market analysis because you will find all the fundamental tools under one roof.

Here are some leading features of MT5 that make this platform convenient for traders.

Powerful trading platform

Can access from any device

Trader’s capital and data will be secured

User-friendly platform

Powerful analytical tools

Wide time-frames

Expert advisor or auto trading facility

A wide range of trading instruments

Metatrader 5 tutorial: how to use MT5 platform

The MT5 platform is easy to use and supports reliable brokers with multiple trading assets. Metatrader 5 platform offers a demo account. So, you will get a chance to make a short tour before dealing with real money.

In one platform, you will see all the key elements that are related to the trading world. At the first time, you have to download the software in your device. Open an account with a valid e-mail and password.

From the menu bar, you will find all the information that will help you to create a chart using trading indicators and analysis tools. You can also create a customized trading environment.

Moreover, a trader can open multiple trading dashboards to analyze more than one trading assets.
From the left side on the dashboard, you will see a market watch with all real-time data of selected trading assets.

Furthermore, from the toolbox section, you will see the trading history with open, close, and pending orders.

The overall metatrader 5 platform has multi-functional windows with all useful categories such as trading alerts, market news, internal mailbox, expert journals, auto trading, and much more.

To place an order using this platform, you have to follow 3 simple steps.

Open the market watch section

Select the asset and open a new order

Decide the type of order that you want to execute – instant, pending, or market order

so, let's see, what was the most valuable thing of this article: we explain how metatrader 5 works and how to find an MT5 broker in this tutorial. Compare all brokers that support metatrader 5 and start trading now. At how to deposit money in metatrader 5