--- description: Review of MetaTrader 5 Software: system overview, features, price and cost information. Get free demos and compare to similar programs on Software Advice New Zealand. image: https://gdm-localsites-assets-gfprod.imgix.net/images/software_advice/og_logo-55146305bbe7b450bea05c18e9be9c9a.png title: MetaTrader 5 | Reviews, Pricing & Demos - SoftwareAdvice NZ --- Breadcrumb: [Home](/) > [Hedge Fund Software](/directory/4146/hedge-fund/software) > [MetaTrader 5](/software/239682/metatrader-5) # MetaTrader 5 Canonical: https://www.softwareadvice.co.nz/software/239682/metatrader-5 Page: 1 / 3\ Next: [Next page](https://www.softwareadvice.co.nz/software/239682/metatrader-5?page=2) > MetaTrader 5 is a web-based trading platform designed to help Forex and stock traders automate trading using trading robots, signals and fundamental analysis. Key features include web trading, algorithmic trading, mobile trading and professional technical analysis. Teams using MetaTrader 5 can predict future market movements through thorough price analysis and forecasting. The application enables users to monitor all required financial instruments, examine short-term price fluctuations and long-term trends. Through the platform, individuals can read news reports from international news agencies, analyze various economic indicators and forecast their effect on stock prices and currency. Additionally, it allows traders to place pending orders and perform comprehensive market analysis on the basis of various graphical objects and technical indicators. MetaTrader 5 also lets users set protective Take Profit and Stop Loss levels, send pending orders and perform trading operations using iPads, iPhones, or Android-powered devices. Support is extended via documentation and an online inquiry form. > > Verdict: Rated **4.4/5** by 48 users. Top-rated for **Likelihood to recommend**. ----- ## Quick Stats & Ratings | Metric | Rating | Detail | | **Overall** | **4.4/5** | 48 Reviews | | Ease of Use | 4.4/5 | Based on overall reviews | | Customer Support | 4.0/5 | Based on overall reviews | | Value for Money | 4.3/5 | Based on overall reviews | | Features | 4.4/5 | Based on overall reviews | | Recommendation percentage | 90% | (9/10 Likelihood to recommend) | ## About the vendor - **Company**: MetaQuotes Software - **Location**: Limassol, Cyprus - **Founded**: 2015 ## Commercial Context - **Starting Price**: US$2,000.00 - **Target Audience**: Self Employed, 2–10, 11–50, 51–200, 201–500, 501–1,000, 1,001–5,000, 5,001–10,000, 10,000+ - **Deployment & Platforms**: Cloud, SaaS, Web-based, Mac (Desktop), Windows (Desktop), Linux (Desktop), Android (Mobile), iPhone (Mobile), iPad (Mobile) - **Supported Languages**: English, Russian, Traditional Chinese - **Available Countries**: Cyprus ## Features - Activity Dashboard - Alerts/Notifications - Branch Optimisation - Customisable Reports - Data Import/Export - Data Visualisation - Financial Analysis - For Hedge Funds - Forecasting - Investor Management - Investor Reporting - Monitoring - Performance Management - Performance Metrics - Real-Time Data - Real-Time Reporting - Reporting/Analytics - Secure Data Storage - Third-Party Integrations - Transaction History ## Support Options - Email/Help Desk - FAQs/Forum - Knowledge Base - Phone Support - 24/7 (Live rep) - Chat ## Category - [Hedge Fund Software](https://www.softwareadvice.co.nz/directory/4146/hedge-fund/software) ## Related Categories - [Hedge Fund Software](https://www.softwareadvice.co.nz/directory/4146/hedge-fund/software) - [Financial Services Software](https://www.softwareadvice.co.nz/directory/4356/financial-services/software) ## Alternatives 1. [PayPal](https://www.softwareadvice.co.nz/software/104664/paypal) — 4.6/5 (26301 reviews) 2. [Google Pay](https://www.softwareadvice.co.nz/software/124963/google-pay) — 4.6/5 (908 reviews) 3. [AppNomu SalesQ](https://www.softwareadvice.co.nz/software/370537/appnomu) — 4.6/5 (95 reviews) 4. [Dynamo Software](https://www.softwareadvice.co.nz/software/131884/dynamo) — 4.6/5 (34 reviews) 5. [Unity](https://www.softwareadvice.co.nz/software/395666/unity) — 5.0/5 (3 reviews) ## Reviews ### "Great and simple platform for trading derivatives." — 5.0/5 > **Daniel** | *7 January 2022* | Health, Wellness & Fitness | Recommendation rating: 9.0/10 > > **Pros**: MetraTrader 5 has a very simple and easy to understand user interface. As a result it makes trading on the platform very easy. I personally trade forex and other Contract For Difference (CFD) derivatives such as NAS100, US30, S\&P 500 and synthetic indices on the platform. > > **Cons**: Since MetraTrader 5 isn't an institutional trading platform it lacks certain security features that institutional platforms provide. As a result a lot of scammers tend to take screenshots of fake demo profits to lure unsuspecting people into investing with them and they end up losing their money to these scammers. > > MetraTrader 5 makes trading so simple and easy to do provided you already have the knowledge to trade the money and capital markets. I enjoy trading on MetraTrader 5 so much as it makes my trading of CFDs so easy unlike other complex trading platforms. ----- ### "Meta Trader 5 Review 2023-Softidity" — 5.0/5 > **Ontiretse** | *8 September 2023* | Apparel & Fashion | Recommendation rating: 10.0/10 > > **Pros**: the main features that i love about Meta Trader 5 is the feature that allows you to open graphs from different currency pairs and be able to observe them all at the same time. Market watch becomes very easy for someone who need to observe different financial commodities at the same time. > > **Cons**: Difficulty for new users to understand the platform, for users that have not used the previous versions of the platform before, it becomes difficult to locate some of the tools that are critical to trading. > > My overall experience with Meta Trader 5 is a positive one. it is an software that i recommend to other financial traders as it offers real time access to the markets. there are no delays and data is displayed at real time.Meta Trader 5 also allows its users to connect to many of the available brokers. you can sign up to a broker of your choice and still be able to connect the app. ----- ### "I have been using this tool to trade" — 3.0/5 > **Jaroslav** | *18 February 2022* | Internet | Recommendation rating: 3.0/10 > > **Pros**: It is quite fast, if you hove fast internet connection. > > **Cons**: It is easy to get lost there, too many infomation a lot of gibberish. > > Bad, very hard to use. ----- ### "MetaTrader 5 is the Best Trading Platform" — 5.0/5 > **Verified Reviewer** | *13 May 2023* | Computer Networking | Recommendation rating: 10.0/10 > > **Pros**: Instant Execution and Swaping are impressive and it is very easy to use in any computers like android phones, apple phones, laptops, desktops and tablets. I am a trader so the most reliable software or trading platform I have found in my daily and weekly trading is MetaTrader 5. It helps me a lot in my trading business. > > **Cons**: The only feature that needs to be consistent with all the computers is the adjustment for take profit and stop loss executions. In a desktop the stop loss and take profit targets can be manually adjusted but the same is not found in the androids and tablets. Hence, when you are not trading using the desktop, and maybe when you are mobile, it is little bit difficult to manually adjust the take profit and stop loss targets. Hence, the tendency to making a loss is there. > > The hustle and bustle to run around to buy and sell or working hard to earn extra income is overcome by MetaTrader 5 by ensuring you to make money from anywhere anytime. Forex trading is indeed a rewarding market to which MetaTrader 5 becomes the interface between the trader and the various forex markets. ----- ### "MetaTrader 5 trading platform" — 5.0/5 > **Themba** | *27 March 2024* | Education Management | Recommendation rating: 10.0/10 > > **Pros**: Guys i like this app so much its beta than 4 especially with the new features brought this year. > > **Cons**: I'm worried about latest update everytime you open trade its jamming previous update before the latest was moreway better than new one. > > I learned lot of things with metaTrader like indicators,trading strategies \& how to prevent major losses. ----- Page: 1 / 3\ Next: [Next page](https://www.softwareadvice.co.nz/software/239682/metatrader-5?page=2) ## Links - [View on SoftwareAdvice](https://www.softwareadvice.co.nz/software/239682/metatrader-5) ## This page is available in the following languages | Locale | URL | | en | | | en-AU | | | en-GB | | | en-IE | | | en-NZ | | | fr | | ----- ## Structured Data