MetaTrader 5 (MT5) is a multi-asset trading platform by MetaQuotes. that allows trading forex, stocks, and futures.
Like most online trading platforms, MT5 allows traders to view charts, stream live prices, and place orders with their broker.
Trading on MT5 gives traders access to financial markets including foreign exchange, commodities, CFDs, stocks, futures, and indices.
Its diverse functionality includes fundamental and technical analysis tools, copy trading, and automated trading.
MT5’s most popular feature is the ability to use trading robots, known as Expert Advisors or EAs. The robots operate without the participation of the trader, monitoring price, and performing trading operations by following an underlying algorithm.
Other benefits of MT5 include a multi-threaded strategy tester, fund transfer between accounts and a system of alerts to keep up to date with all the latest market events.
Traders can also communicate through the embedded MQL5 community chat to network with other traders and share tips and strategies.