MT5 Basics / Getting started

MT5 vs Broker

The platform is the tool; the broker is the company and account behind the tool.

Lesson 2 / 23 minBeginner
01 / What you'll learn

The platform is the tool; the broker is the company and account behind the tool.

04 / Visual explainer
MT5 platform

Screen, charts, and order tools.

Broker account

Account, terms, products, and execution.

05 / WHY IT MATTERS

The broker's legal entity and terms matter more than the app name.

06 / Explain it simply

MT5 vs Broker

The platform is the tool; the broker is the company and account behind the tool.

07 / Everyday example

A food-delivery app is not the restaurant. It helps send an order, while the restaurant prepares it. MT5 and a broker play different roles.

08 / MT5 example
BrokerMT5Your order

Check the broker name and server when logging in. A wrong server can prevent the account from appearing.

DEMO ACCOUNT

MT5 vs Broker

Practice with Virtual money. No live order is required.

  1. 1Open your demo account
  2. 2Choose a symbol
  3. 3Open the order window
  4. 4Find the relevant field
  5. 5Enter a practice value
  6. 6Review before submitting
09 / Key takeaways
  • Check the contracting legal entity.
  • Products and leverage depend on the account and jurisdiction.
  • Compare official terms, not only brand names.
10 / Common mistake

Choosing a platform and assuming it automatically means every broker product is available.

Mini quiz

Who provides the account terms?

Quiz progress is saved with this lesson when you mark it complete.
MT5 vs Broker | 85st. Academy