Metatrader 5 is a software developed by MetaQuotes, one of the world’s leading technology solution providers in the financial sector. Compared to MT4, MT5 software was released later and is equipped with more features. To understand more about MT5, let’s join Learn Forex Trading to learn about instructions for open MT5 real account on mobile phones for both iOS and Android operating systems.
What is MT5?
MT5 is a trading platform used in the financial markets. The main role of this software is to connect investors with the market. In addition, it also provides useful tools to help investors predict price trends to help them invest in the right direction and make huge profits.
MT5 was born in 2010 and is now 13 years old. However, people still often compare MT5 with MT4. These are two software developed by MetaQuotes to serve customers. Depending on each user’s needs, they will choose to use MT4 or MT5. Therefore, there is also a difference in the popularity of these two platforms.
In the market, when trading at exchanges, if you want to use MT5, you can download the app to your computer or phone. If you don’t want to download, you can use MT5 Webtrader directly. But for the convenience of trading, most traders download this software to their phones. In this article, we will also guide you to open MT5 real account on your phone.
Features of MT5
Before learning about instructions for open MT5 real account on your phone, let’s learn Forex yourself and review some of the features of this platform. See what the MT5 software supports for traders. From there, draw experience and evaluate whether MT5 is suitable for you. Specifically, MT5 has the following features:
- The timeframe of the MT5 software is 21.
- Provides more than 80 technical analysis tools for traders to use.
- Supports trading with 6 different types of pending orders.
- The economic calendar calculation function is available.
- Through CFDs, it is possible to trade stocks in the traditional form.
- The trading chart clearly shows the depth of the market.
- Providing EAs and Scripts makes the trading process of traders more convenient.
Above are the superior features of MT5 software. There are many support tools to help investors more easily earn profits, right?
See more: Financial trading performance: MT5 platform
Instructions to open MT5 real account on the phone
On the market today, there are two most popular phone operating systems: IOS and Android. Luckily, the MT5 software is compatible and can be used well on both operating systems. Next, we will guide you to open MT5 real account on your phone. If you don’t have an account, please follow the instructions below.
Instructions for opening an MT5 real account on an iOS phone
The number of iOS phone users is extremely large. Because iPhone phones with this operating system have good sharpness and run smoothly. The iPhone is also the most popular and used phone line today. Using an iPhone to open MT5 real account and use it is standard.
To open MT5 real account or demo account. You need to follow these instructions:
- Step 1:Go to the App Store on iPhone, press search, and type “Metatrader 5“.
- Step 2:Press “Receive” to start downloading the software to your phone. Wait for the app to finish downloading, then click “Open”.
- Step 3 The screen displays the message “Welcome to hereMetatrader 5”. Now you press “CHAPTER THUAN” to agree to the terms and policies of the application.
- Step 4 The screen continues to notify you of opening an account. You click on “OPEN DEMO ACCOUNT”. If you want to open a real account, you need to open a real trading account by signing an agreement with a financial company.
Instructions for opening an MT5 real account on an IOS phone are really easy, right? Anyone can do it easily.
Interface of MT5 software on iOS
- Price: this is where the prices of all currency pairs are announced. Prices here will change over time.
- Chart: is a place to monitor the developments of currency pairs. Also where you can change the time and add indicators….
- Transaction: This is where you can make transactions. View your capital sources including balance, and deposit. Besides, you can also set stop loss, take profit, and pending orders.
- History: You can view your transaction history through past data saved on the software. Additionally, you can also view profit, time opened or closed.
- Settings: You can enter to log out or log in. The password can be changed. Change language. Chart settings.
How to open orders, close orders, and edit orders on MT5
After watching the instructions for open MT5 real account on an IOS phone. Have you successfully opened an account and want to trade? Right below is how to open, close, and edit orders. Let’s follow along to know how to do it.
Open order
You need to select a currency pair in the “quotes” section and then go to the “trade” section to place pending orders, take profits, or cut losses. Continue to select buy, sell, or “Place” orders if it is a pending order. During the trading process, if you want to change or close the order. You can swipe the screen from right to left.
Close and edit orders
You just need to click on “trade” and then select the order you want to close or modify. Hold the order and click edit order or close order. When you close or edit an order, you will receive a notification from the software.
Add, remove, or rearrange tools on MT5
In case you want to add instruments, just go to the “quotes” section, then press the plus icon to open the trading instruments, select an instrument you want to add to the chart, and then press “add”.
In case you want to delete any tool. Just tap the “pencil” icon and then select the trash can to delete the tool. Arranging trading tools is done in the same way, you just need to drag and drop.
See more: Registering Exness broker account on your phone
Instructions for opening an MT5 real account on an Android phone
Similar to how to open an account and use MT5 on IOS. If you use an Android phone, you can do the same. The only difference is that for Android, you go to CH Play to download. After downloading and opening an account, there is no difference in using both phones.
Advantages of using MT5 on your phone
Metaquotes has created an MT5 that is more optimized than MT4 with many user-friendly features. This makes the trading process of investors faster and more convenient. Specifically, the advantages of MT5 are as follows:
- Programming language: MT5 software is developed based on the programming language MQL5. The advantage of using this programming language is that it allows users and programmers to use a black box and easily apply EA to the MT5 platform.
- Backup capabilities on MT5 are optimized: Users can also backtest all operations faster and with larger trading volumes than on MT4. At the same time, MT5’s backtesting ability is also extremely outstanding.
- Timeframe: MT5 gives you options such as: M2, M3, M4, M6, M10, M12, M20, H2, H3, H6, H8, H12.
Epilogue
Above are instructions for opening an MT5 real account on IOS and Android phones. Along with the features and how to use MT5, you surely know how superior MT5 is. Besides, you can also learn more about how to use MT5 on pc to make trading more convenient. Hope investors can open MT5 real account easily and quickly. At the same time, trade smoothly and successfully and bring profits when using MT5.
