FxPro MetaTrader 5

FxPro MetaTrader 5 (MT5) is an advanced, multi-functional trading platform and the official successor to MetaTrader 4 (MT4). It is developed by MetaQuotes Software and offered by FxPro for trading a wide range of CFD financial instruments. MT5 is ideally suited for traders seeking expanded analysis tools, algorithmic trading, and access to more markets than were available on MT4.

Key Features of FxPro MetaTrader 5

1. Expanded Analytical Functionality

MT5 significantly surpasses its predecessor in technical analysis capabilities:

• More Timeframes: It offers 21 timeframes (compared to 9 on MT4), allowing for more detailed market analysis.

• Indicators and Objects: Includes over 38 built-in technical indicators and 44 analytical objects (lines, channels, Fibonacci tools, etc.).

• Integrated Economic Calendar: Provides direct access to crucial economic events and news that can impact the market, integrated directly into the platform.

2. Access to a Wider Range of Instrument

While MT4 is traditionally Forex-focused, MT5 has a multi-asset architecture, allowing FxPro to offer:

• Forex.

• Shares (Stock) CFDs: Access to thousands of Stock CFDs.

• Indices.

• Futures.

• Energies and Metals.

3. Improved Algorithmic Trading (MQL5)

MT5 supports the MQL5 programming language, which is more powerful and flexible than MQL4:

• Powerful Strategy Tester: Equipped with a multi-threaded Strategy Tester that enables significantly faster backtesting and optimization of Expert Advisors (EAs) on historical data.

• EA Optimization: Thanks to MQL5, traders can create more complex and efficient trading algorithms.

• VPS Hosting: FxPro offers a Virtual Private Server (VPS) service to ensure the continuous, 24/5 operation of EAs.

4. Expanded Order Types

MT5 adds two new pending order types, increasing the precision of entry/exit strategies:

• Buy Stop Limit

• Sell Stop Limit

5. Platform Availability

FxPro ensures MT5 access across all popular devices:

• Desktop: Fully featured versions for Windows and macOS.

• WebTrader: A version that runs directly in the browser with no download required.

• Mobile App: Available for iOS (iPhone/iPad) and Android.

Is MetaTrader 5 safe to use?

1. Platform Security

• Data Encryption: MT5 uses strong encryption for all data transmission between your terminal, the broker's server, and the trading servers. This protects your login credentials, trade orders, and account data from interception.

• Reliability: The platform is widely considered industry standard for retail Forex and CFD trading, meaning it is thoroughly tested and robust.

• Authentication: Access requires secure login credentials, which should always be kept private and strong.

2. Operational Safety

• Algorithmic Trading (EAs): MT5 allows for Expert Advisors (EAs), which are automated trading robots. While powerful, EAs carry risks:

  • Code Malfunction: A poorly coded EA could execute unintended or excessive trades, leading to rapid losses.

  • Security Risk: If you download an EA from an unreliable third-party source, it could potentially contain malware or compromise your system. Always use trusted sources (like the MQL5 Market).

• Third-Party Tools: The flexibility of MT5 means you can install custom indicators and scripts. Similar to EAs, only download these tools from trustworthy developers.

The Biggest Factor: Your Broker's Regulation

The platform itself holds no money; your funds are held by your broker. Therefore, the single most important factor for financial safety is the regulation and reputation of the broker you connect to MT5.

A safe broker is typically:

1. Regulated: Licensed by Tier-1 regulatory bodies (like the FCA in the UK, CySEC in Cyprus, or ASIC in Australia).

2. Reputable: Has a long operating history and positive industry standing.

3. Segregated Funds: Keeps client funds in segregated accounts (separate from the company's operational funds), protecting your money if the broker faces insolvency. (FxPro, for example, is regulated and segregates client funds).

Conclusion: Use MT5 with a well-regulated broker and exercise caution when deploying any custom, automated software (EAs) or indicators, and MT5 is considered a safe and reliable trading environment.

MT5 download

For security and optimal performance with your trading account, you should always download MT5 directly through FxPro or from official app stores.

1. Desktop Version (Windows / Mac)

The desktop application is the most powerful option for in-depth analysis and using algorithmic trading systems (Expert Advisors – EAs).

1. Go to the FxPro Download Centre: Visit the official FxPro website and find the "Trading Platforms" or "Download Centre" section.

2. Select MT5: Locate the MetaTrader 5 platform and choose the download link that corresponds to your operating system (Windows or Mac).

3. Installation and Login: Run the downloaded file and follow the instructions to complete the installation. Afterward, open the platform, click 'File' > 'Login to Trade Account', and enter your account number, password, and the FxPro server name.

2. Mobile App (iOS and Android)

For monitoring and trading on the go, you will need the official mobile application.

1. Find the App: Open the Apple App Store (for iOS) or the Google Play Store (for Android).

2. Search: Look for the official MetaTrader 5 app by MetaQuotes Software Corp.

3. Install and Connect: Install the app. When launching it for the first time, search for your broker (FxPro) and select the required server (Live or Demo).

4. Log In: Enter your MT5 account credentials.

3. WebTrader (Browser Access)

If you prefer not to install any software, you can use the WebTrader version, which runs in your internet browser.

1. Log into FxPro Direct: Go to the FxPro website and sign in to your FxPro Direct client area.

2. Launch: Find your MT5 account and click the "Launch WebTrader" option for instant access.

Reminder: You must have an open MT5 account with FxPro to start trading. If you haven't created one yet, you can do so in your FxPro Direct area before downloading.