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What Is MetaTrader 5

MetaTrader 5 is the 2010 successor to MetaTrader 4 from the same maker: one login that can reach currencies and also shares, indices and futures, with twenty-one timeframes, a Depth of Market window and a second way of holding trades called netting. This paper shows you MT5 in five lines; the idea as a station with several lines running into it; the twenty-one timeframe buttons with MT4's nine marked; netting shown with two real euro prices from 25 August 2026 folded into one position; and the Toolbox on your platform, where the trades show.

Difficulty
Beginner
Reading time
5 min
Pages
8
Reviewed by
Saman Rahbar

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MetaTrader 5, in five lines

MetaTrader 5, written MT5, is the program the maker of MetaTrader 4 released in 2010, also handed out free by brokers. It reaches currencies and, at brokers that offer them, shares, indices and futures through one login. It adds 21 timeframes in place of MT4's nine, a Depth of Market window, an economic calendar and two more order types. It can hold trades in one of two ways, netting or hedging, which the broker sets. It is not an update to MT4: it is a separate program, and an MT4 login does not open it.

One station, many lines

Picture a station with four lines running into it: currencies, shares and indices, gold, oil and futures. MT4 was built for the currency line and does the others only as the broker's own contracts. MT5 is the station the other lines were run into: one program and one login reach whichever markets the broker has connected, including real exchange-traded shares and futures at brokers that offer them. Which lines actually run at your broker is the broker's choice, not the program's.

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