MT5 is a software released after MT4, so it has been upgraded and has many more outstanding features. Because of this, MT5 is loved and chosen to be used by the vast majority of traders. However, some users still do not understand this platform. Also don’t know how to download Download MT5. And right in this article, Learn Forex Trading will show you how to download MT5 to both PC and phone.
Overview of the MT5 trading platform
Before learning how to Download MT5, let’s find out what this platform is. And compared to the previous version, MT4, what is the difference?
What is MT5 software?
MT5’s full name is MetaTrader 5, launched in 2010 – this is a popular Forex trading platform released by MetaQuote company. MT5 was born to support investors in making transactions with many different asset types.
Most major Forex exchanges in the market such as Exness, XM, and ICMarkets… have included MT5 to support traders in trading more conveniently.
Compare MT5 to MT4 software
Compared to its predecessor, MT4, MT5 was born 5 years after MT4. As always, later versions are always improved and add many new features. MT5 attracts traders due to its many exclusive indicator and indicator analysis tools. From there, creating a more convenient and in-depth trading experience. The specific differences between MT4 and MT5 are as follows:
- Structure: MT5 was developed by the company with an expanded architecture, providing connectivity and more diverse features. This allows users to create more complex trading strategies.
- Trading products: Regarding products, when downloading MT5 you will see that this platform supports more types of products than MT4.
- Analytical tools: The previous MT4 also had many basic analytical tools. MT5 adds more detailed technical analysis tools, including multi-timeframe analysis tools and numerology techniques.
- Transaction history: Both platforms store transaction history. But MT5 stores a more detailed trading history including closing and average prices.
- Processing speed: When trading on MT5 you will notice that this platform has faster processing speed. Update price information and more detailed indicators than MT4.
See more: Financial trading performance: MT5 platform
Benefits when downloading MT5 and using it
MT5 is a great trading platform, it is compatible with many different operating systems. The platform interface is designed with information, making it easy to find the necessary information. Even newbies trading on MT5 for the first time only need to open a Demo account. Experience trading a few times to grasp the tools and features.
In addition, when you experience MT5 you will see that it brings the following benefits:
- On MT5 you can easily customize trading times and update to new measurement methods. It helps you be flexible in applying strategies from time to time.
- Through the index chart, you can track and summarize your trading history automatically. This helps you evaluate the performance of your strategies and adjust them if necessary.
- You can open up to 100 charts at the same time, the connection speed is extremely fast and stable.
- The platform has 21 different timeframes. This helps you grasp market fluctuations at each specific time.
- MT5 provides more than 80 technical indicators and objects to help you analyze prices in the most detail. You can use these tools to make smarter, more accurate trading decisions.
Those are the main advantages of MT5 that traders love. Download MT5 to use, you will have a powerful support tool for making transactions.
Newbie instructions for downloading MT5 for computers and phones
To open trading orders and monitor the market anytime and anywhere. You need to download the MT5 platform to your phone or computer. Then create an account and log in to the platform to be able to execute orders at any time. Below, Self-Teach Forex will show you how to download the app.
How to Download MT5 for PC
Computers are the preeminent and most perfect devices to conduct Forex transactions. If you have a job where you often sit at a computer, download MT5 to this device to use. The specific steps Download Metatrader 5 for PC super quickly
Step 1: Visit metatrader5.com, and click on “Download”.
Step 2: Downloads for devices will appear, here you select “Download for Windows”
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Step 3: An mt5setup file appears, select the drive to save the file and click OK to download to your computer. Wait a moment for the file to download, then click open. The file will begin to be installed, click “NEXT” to begin the installation
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Wait for the software to be installed and you can open an account and make transactions.
How to Download MT5 for your phone
Even though I know that computers are the best device for Forex trading. But the nature of each person’s work is different. For those who do not have time to sit and trade on the computer, they can use the phone instead. How to Download MT5 for your phone is as follows:
Step 1: Go to the application store on your phone and search for “MT5”
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Step 2: Click to download the application called “Metatrader 5”.
With just 2 simple steps, you already own the MT5 software. Trade anytime, anywhere right on your small phone.
Should I download MT5 for a computer or phone?
Choosing to Download MT5 for a computer or phone depends on the conditions, nature of work as well as the user’s wishes. Let’s see the advantages of downloading these two devices and then make a choice.
Advantages of MT5 Download to your computer
- Large computer screen, easy-to-see charts, features, and trading tools.
- Full display features include detailed charting and technical analysis tools.
- Highly customizable features, you can easily set up a custom interface as you like.
- Controlling with a computer mouse helps you operate easily and accurately.
- Managing multiple accounts at the same time is also something the MT5 software on the computer interface does very well. If you have two or more MT5 accounts, it is easier to manage them via computer.
Advantages of downloading MT5 to your phone
- The phone is compact and always carried with you, so it is very convenient for transactions anytime, anywhere.
- Touch-screen phone, allowing you to operate and view charts, and check transactions with just one touch.
- Can perform basic functions such as placing orders or managing accounts without a computer.
See more: Opening and verifying an ICMarkets account
Notes when downloading MT5 to avoid failure
Although downloading MT5 for computers or phones is very easy. But for those new to trading on these platforms, it is still quite confusing. That’s why they still encounter basic errors that cause MT5 software downloads to fail as follows:
Download MT5 software from a trusted source
Make sure you download this platform from a trustworthy source. For example, download from the official MT5 website. This will ensure the correct software is downloaded.
Make sure to Download MT5’s latest version
Use the latest MT5 software version to ensure you receive all the latest improvements and stability.
Stable network connection when MT5 downloads
When downloading an app but the internet connection is unstable, it is easy to fail. Please connect to a stable internet connection and then download MT5.
Epilogue
Above Learn Forex Trading has shown you how to Download MT5 for computers and phones. Please follow the instructions and remember the notes mentioned in the article to download the software successfully.
Frequently asked questions?
From which source should I download the MT5 platform?
You should download it from the official website of Metatrader 5.
Is there a fee to download MT5 software?
Are not. Downloading MT5 to your computer or phone is free.
Is it better to download MT5 to your computer or phone?
Choosing which device to download the platform to depends on the user’s wishes. MT5 works well on any device and has the same stability.
