Definition of MetaTrader 5 (MT5)
The successor to MT4, offering additional features including more timeframes (21 vs 9), more order types, an integrated economic calendar, and depth of market (DOM) display.
At a glance
Term
MetaTrader 5 (MT5)
URL slug
metatrader-5-mt5
Category
Platforms
Short answer
The successor to MT4, offering additional features including more timeframes (21 vs 9), more order types, an integrated economic calendar, and depth of market…
Deep dives
/guide/metatrader4/, /guide/metatrader5/, /guide/mt4-vs-mt5/
Example
Apply the definition: restate “MetaTrader 5 (MT5)” in one sentence tied to your next trade (symbol, direction, size, stop). If you cannot, re-read the definition above.
Common mistake
Common mistake: using “MetaTrader 5 (MT5)” as loose slang while your broker/platform specification defines it more narrowly.
Professional tip
Tip: bookmark this “MetaTrader 5 (MT5)” page and reopen it when reading broker specs so definitions stay consistent.
Related deep dives
Practice tools:
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FAQ
The successor to MT4, offering additional features including more timeframes (21 vs 9), more order types, an integrated economic calendar, and depth of market (DOM) display.
Knowing the precise definition of “MetaTrader 5 (MT5)” prevents platform and broker-spec mistakes—a common source of size and cost errors.
Common mistake: using “MetaTrader 5 (MT5)” as loose slang while your broker/platform specification defines it more narrowly.