MT5 is software used to view markets and send orders to a broker.
04 / Visual explainer
YouMT5 platformBroker accountMarket
Volume 0.01Stop Loss —Take Profit —
Knowing the tool helps you avoid confusing the app with the broker.
What is MT5?
MT5 is software used to view markets and send orders to a broker.
A map shows roads, but it does not own the cars. MT5 shows a market interface, while the broker provides the account and execution service.
BrokerMT5Your order
The main MT5 areas are Market Watch, the chart, the Toolbox, and the order window.
DEMO ACCOUNT
What is MT5?
Practice with Virtual money. No live order is required.
- 1Open your demo account
- 2Choose a symbol
- 3Open the order window
- 4Find the relevant field
- 5Enter a practice value
- 6Review before submitting
- MT5 is a platform, not a broker.
- The broker account controls available products and terms.
- The same platform can look different by broker.
Assuming MT5 itself holds your money or sets every trading condition.