MetaTrader 5 Reviews & Product Details

• Broad asset coverage: MT5 handles Forex, equities, indices, commodities and crypto-CFDs in one terminal, so I can analyse correlated markets side-by-side without switching platforms.

• 21 time-frames & 100 simultaneous charts let me drill from tick data to monthly structure and keep multiple instruments open while scanning for setups.

• Fast multi-threaded Strategy Tester shortens optimisation cycles; I routinely back-test EAs across several symbols in parallel and get results hours faster than on MT4.

• Integrated MQL5 marketplace (robots, custom indicators, VPS, copy-trading signals) means I can extend the terminal without third-party installers and keep everything under a single login.

• Economic calendar and news feed stream directly into the platform; macro releases pop up on the chart, useful when positions straddle high-impact events.

• Cross-device parity: desktop, WebTrader and native iOS/Android apps share the same account list and chart templates, so drawing tools and indicators sync when I move from PC to phone during market hours.

• Robust security design: encrypted client-server links, segregated component architecture, two separate authentication layers at broker and terminal level; never hit a connection leak during volatile sessions.

• Continuous version updates: monthly builds add features such as extended reporting tabs and ONNX model inference; upgrades arrive via Live Update with zero downtime. Review collected by and hosted on G2.com.

• Steep learning curve: the extra order types, DOM panel and multi-asset symbols clutter the UI; key actions (e.g., switching hedging/netting) sit deep in menus and took time to discover.

• Limited broker adoption versus MT4; several regional brokers still don’t offer MT5, so I keep redundant MT4 installs for legacy accounts.

• Higher resource demand: back-testing large data sets or running multiple EAs spikes CPU/RAM; on older laptops the terminal lags during London open.

• Code incompatibility with MQL4: porting existing MT4 robots demands a full rewrite in MQL5; that slowed migration of my proprietary libraries.

• Occasional mobile freezes during trade execution reported by other users and mirrored in my own experience—slippage becomes an issue if the app hangs for a few seconds on entry. Review collected by and hosted on G2.com.

It has better, slightly more modern or updated features than MetaTrader 4. Review collected by and hosted on G2.com.

It remains a basic software that simply gets the job done but doesn't give you an edge to operate; in this industry, it is surely designed precisely with these limitations. Review collected by and hosted on G2.com.

Fast work, effective, fast live feed also, no freezes and good graphics if we want to compare it to older models, also it is clear and basic and not complicated at all Review collected by and hosted on G2.com.

switching from spot (1-1) to leveraged trading is not very good as it keeps showing free margin while it shouldnt because the free margin is irrelevant, beside this everything is good Review collected by and hosted on G2.com.

With MetaTrader 5 most of the key elements which were missing from the MT4 platform are been included. Ex; 8-hour and 12-hour time frames are now available with MT5.

The interface is Much more smooth and the new color scheme also very nice

The most Importantly Speed of the Platform is upgraded Review collected by and hosted on G2.com.

Can't say anything unwanted about it but for those who start fresh platform can be intimidating with all the quotes and advanced features it has. Review collected by and hosted on G2.com.

The best thing I like about MT5 is it's allowing flexibility to be connected with any type of CRM system in the market with Demo and Live Account Features. This can be used easy way to test the integration and develop seamless CRM systems for brokers. Nowadays CRM system is very useful for the broker to onboard and manages clients to provide a digital platform for trading. It's very trending requirement in the market now a days. Review collected by and hosted on G2.com.

For the time being, It's should be extended with a good dashboard and with an advanced reports facility. Review collected by and hosted on G2.com.

The main feature of Meta Trader family is a sophisticated design, excellent chart graphics, especially for MT5. It is fast to assemble and open a retail account with minimum steps to achieve activation. The valuable feature for the platform is the volumes data available to be printed on charts. It is easy to automate indicator creation with help of QPILE basic alike language to evolve it even for robo trading engine even posted on VPS. Review collected by and hosted on G2.com.

I guess it is not FIX connected so did not hear large trading companies use it for trades execution. MT5 focused on CDS so is a kind of OTC market. We have plenty of MT5 technical analysis tools but lack other approaches like VSA visualisations. It is great to have affordable priced VPS to deploy your own MT5 robot but the problem is QPILE is not a very popular language so you will need time to get acquainted with it to use installed logic but you have Python MT5 API since of 2019 year active and can use it at separate application. The question will be your round trip time - qpile, python, dde excell to choose which is acceptable to your time frame and execution speed needed. Review collected by and hosted on G2.com.

Nothing stay away they do not have access to communicate Review collected by and hosted on G2.com.

I opened up account. They took $10 for setting it up on $1000 initial start up. I went into initiate some practice trading my manager never got back to me. I tried to contact them many times nobody ever responded and now my moneys gone they ripped me off. Review collected by and hosted on G2.com.

This application contains all that you need to become a great trader. It works both in PC's and mobile devices. The features that the app contains are simply better than the version 4. Review collected by and hosted on G2.com.

The GUI has some errors when trying to filter the history of trades in a range of dates. Other than that I don't have any other complains or dislikes about the app. Review collected by and hosted on G2.com.

Allows quick management of transactions, the application interface allows easy navigation through each of its functions, the learning curve is very intuitive. Review collected by and hosted on G2.com.

I believe it still needs to position itself in front of the developers so that they provide more contributions in the implementation of bots. On the other hand, some platforms have not yet integrated with Meta Trader 5. Review collected by and hosted on G2.com.

You can start trading pretty quickly. The initial screen when you first load it up directs you to open a demo account that allows you to perform transactions immediately. Review collected by and hosted on G2.com.

Sometimes when using a custom expert advisor there's lag and issues that may occur. Though it isn't the main app itself, I think it needs better custom expert advisor support. Review collected by and hosted on G2.com.