MetaQuotes Software Corporation

MetaTrader 5

Composite Score

8.2 /10

CX Score

8.5 /10

17 Reviews Write a Review

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What is MetaTrader 5?

The MetaTrader 5 Trading Platform is a perfectly equipped trader's working tool that allows trading on the financial markets. It provides the necessary tools to analyze price dynamics and use the automated trading programs.

Company Details

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MetaTrader 5 Ratings

Real user data aggregated to summarize the product performance and customer experience.

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

92 Likeliness to Recommend

100 Plan to Renew

90 Satisfaction of Cost Relative to Value

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Emotional Footprint Overview

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

+94 Net Emotional Footprint

The emotional sentiment held by end users of the software based on their experience with the vendor. Responses are captured on an eight-point scale.

How much do users love MetaTrader 5?

0% Negative

3% Neutral

97% Positive

Pros

Helps Innovate
Continually Improving Product
Reliable
Performance Enhancing

Feature Ratings

Average 85

Trade Management

Currency Quotes

Portfolio Management

Analytics and Reporting

Collateral Management

Multi Currency

Stock Management

Currency Exchange Market Management

Margin Management

Currency Conversion

Banking Risk Management

Vendor Capability Ratings

Average 84

Breadth of Features

Ease of IT Administration

Ease of Implementation

Quality of Features

Business Value Created

Product Strategy and Rate of Improvement

Ease of Customization

Usability and Intuitiveness

Availability and Quality of Training

Ease of Data Integration

Vendor Support

MetaTrader 5 Reviews

Chibunna O.

Role: Operations
Industry: Finance
Involvement: End User of Application

Validated Review

Verified Reviewer

Submitted Jun 2025

My Personal Experience Using MT5 as a Forex Trader

Likeliness to Recommend

9 /10

What differentiates MetaTrader 5 from other similar products?

MetaTrader 5 (MT5) is way more advanced than most trading platforms, especially for forex and stock traders. It’s got built-in technical analysis tools, algorithmic trading (bots!), and supports way more assets than MT4. Best for serious traders or developers who want to automate their strategies—beginners might find it overwhelming.

What is your favorite aspect of this product?

The custom indicators and Expert Advisors (EAs) are insane. I coded a simple bot to trade for me while I sleep, and it actually works. Saves me from staring at charts all day.

What do you dislike most about this product?

The interface looks like it’s from 2010—clunky and slightly user-friendly. Also, the mobile app crashes at the worst times (like during big market moves). It does not have a feature that allows you to automatically take partial profit from a trade. You can't also set alarm to monitor your price levels.

What recommendations would you give to someone considering this product?

If you’re day trading or into algo trading, MT5 is a powerhouse. But if you’re a casual investor? Stick to something simpler like TradingView or your broker’s basic platform. There should add a feature that allows you to automatically take partial profit from a trade. It should also have alarm that let's you know when your price levels has been reached.

Pros

Continually Improving Product
Helps Innovate
Reliable
Trustworthy

Cons

Vendor's Interest First
Less Friendly Negotiation

Tuot N.

Role: Information Technology
Industry: Finance
Involvement: Business Leader or Manager

Validated Review

Verified Reviewer

Submitted Dec 2024

Fantastic product! I love MetaTrader 5.

Likeliness to Recommend

9 /10

What differentiates MetaTrader 5 from other similar products?

MetaTrader 5 stands out with its multi-asset support, advanced charting tools, built-in economic calendar, fast order execution, and comprehensive algorithmic trading features, making it ideal for diverse trading strategies.

What is your favorite aspect of this product?

My favorite aspect of MetaTrader 5 is its flexibility, offering advanced tools for technical analysis, seamless multi-asset trading, and robust support for automated trading strategies.

What do you dislike most about this product?

The steep learning curve for beginners and limited customization options for the user interface are the most significant drawbacks of MetaTrader 5.

What recommendations would you give to someone considering this product?

For those considering MetaTrader 5, invest time in learning its features, start with a demo account, and explore algorithmic trading options to maximize its potential for diverse trading strategies.

Pros

Reliable
Performance Enhancing
Enables Productivity
Trustworthy

Samuel .C. E.

Role: Finance
Industry: Finance
Involvement: Initial Implementation

Validated Review

Verified Reviewer

Submitted Nov 2024

As a trader, you deserve this!

Likeliness to Recommend

10 /10

What differentiates MetaTrader 5 from other similar products?

It's use for executions while other brokers and prop firm industry depends on it for ease of use and certificate of integration.

What is your favorite aspect of this product?

It's available for everyone to use it for stocks, commodities and currency market.

What do you dislike most about this product?

It carries minimal amount of risk since it does not use authentication or any third party means to log in, someone can execute trade without your notice.

What recommendations would you give to someone considering this product?

It's unique to use, since it user experience and interface is beginner friendly

Pros

Helps Innovate
Continually Improving Product
Reliable
Performance Enhancing

MetaTrader 5

What is MetaTrader 5?

Company Details

Need Assistance?

MetaTrader 5 Ratings

92 Likeliness to Recommend

100 Plan to Renew

90 Satisfaction of Cost Relative to Value

Emotional Footprint Overview

+94 Net Emotional Footprint

How much do users love MetaTrader 5?

Pros

Feature Ratings Average rating of all product features, some of which may not be shown below

Trade Management Includes forex trading, real-time trading, trade processing, and automated trading.

Currency Quotes Includes currency comparisons and real-time currency rates.

Portfolio Management Includes portfolio composition, investment strategizing, portfolio risk management, and market development and trend analysis.

Analytics and Reporting Includes historical & real-time dashboard visualizations, detailed & summary reporting and easy data extraction for data analysis.

Collateral Management Includes collateral tracking, valuations, and settlements.

Multi Currency Includes multi-currency accounting, multi-currency transactions, and multi-currency reporting.

Stock Management Includes stock trading, stock ranking, stock charting, and stock analysis.

Currency Exchange Market Management Includes market analysis, market graphics, and market indicators.

Margin Management Includes position tracking, real-time data updates, and pre-trade margin and limit checks.

Currency Conversion Includes currency calculator, real-time market rates, and currency exchange.

Banking Risk Management Includes stress tests, anti-money laundering, risk monitoring, and alerts.

Vendor Capability Ratings Average rating of all vendor capabilities, some of which may not be shown below

Breadth of Features Users prefer feature rich software that enables them to perform diverse series of tasks. This data expresses user satisfaction with the product's breadth of features.

Ease of IT Administration This data indicates whether IT personnel will be able to resolve issues and perform configurations efficiently and effectively.

Ease of Implementation Successfully implementing new software is necessary to realize its full value and promote end user adoption. This data indicates whether or not the product is easy to implement.

Quality of Features Feature quality is just as important as quantity. Use this data to determine if this product will do what you're purchasing it to do, easily, intuitively, reliably, and effectively.

Business Value Created Software needs to create value for employees, customers, partners, and, ultimately, shareholders. This data expresses user satisfaction - or lack thereof - with the product's business value.

Product Strategy and Rate of Improvement Vendors who don't stay on top of emerging needs and trends won't enable you to meet your business goals. Use this data to separate innovators from imposters.

Ease of Customization Don't get bogged down in a difficult customization; use this data to make sure you can easily achieve the functionality you need for your particular situation.

Usability and Intuitiveness End user learning curves cost the organization money. Pay attention to your end users' technical ability to determine how important UX is in your purchase.

Availability and Quality of Training Effective and readily available training enables users to get the most out of the software you've chosen. Use this section to make sure your vendor's training programs and materials measure up.

Ease of Data Integration Use this data to determine whether the product will cause headaches or make data integration easy.

Vendor Support The importance of vendor support will vary for each organization depending on internal capabilities, but there will always be issues that only the vendor can resolve.

MetaTrader 5 Reviews

Chibunna O.

My Personal Experience Using MT5 as a Forex Trader

Likeliness to Recommend

Pros

Cons

Tuot N.

Fantastic product! I love MetaTrader 5.

Likeliness to Recommend

Pros

Samuel .C. E.

As a trader, you deserve this!

Likeliness to Recommend

Pros

Feature Ratings

Trade Management

Currency Quotes

Portfolio Management

Analytics and Reporting

Collateral Management

Multi Currency

Stock Management

Currency Exchange Market Management

Margin Management

Currency Conversion

Banking Risk Management

Vendor Capability Ratings

Breadth of Features

Ease of IT Administration

Ease of Implementation

Quality of Features

Business Value Created

Product Strategy and Rate of Improvement

Ease of Customization

Usability and Intuitiveness

Availability and Quality of Training

Ease of Data Integration

Vendor Support