MetaTrader 5 (MT5) is the newer, broader MetaQuotes platform — not simply an upgrade of MT4 but a multi-asset platform with more timeframes, more order types, a built-in economic calendar and access to exchange-traded markets where the broker supports them. It suits traders who want to trade beyond forex or want MT5's extra built-in tools.
What is MetaTrader 5 (MT5)?
MetaTrader 5 (MT5) is MetaQuotes' newer trading platform, released in 2010. Despite the name it is not just a later version of MT4 — it was designed as a multi-asset platform that can handle forex and CFDs as well as exchange-traded instruments like shares and futures, where the broker enables them. Like MT4, it is the software you analyse charts on, place and manage orders through, and optionally run automated strategies on, across desktop, a web terminal and mobile apps.
Most brokers serving the Caucasus and Central Asia offer MT5 alongside MT4, so you generally do not have to choose one broker for one platform. MT5's broader scope, rather than raw speed, is what distinguishes it: it gives a trader more built-in tools and more markets in one place, at the cost of being slightly less lean than MT4 and having a smaller (though substantial) legacy library of third-party tools.
What does MT5 add over MT4?
MT5's additions cluster in a few areas. It offers more chart timeframes (twenty-one versus MT4's nine), more pending-order types, a built-in economic calendar, a depth-of-market view, and a built-in market/news panel. It also supports more instrument types where the broker enables them, which is the main reason to choose it if you expect to trade indices, shares or futures rather than forex alone. For many traders, the built-in economic calendar and extra order types alone make MT5 the more convenient default.
The trade-offs are modest but real. MT5 uses the MQL5 language for automation, which is not compatible with MT4's MQL4 — so an expert advisor or indicator built for MT4 must be rebuilt to run on MT5. And because MT4 has been around longer, its third-party ecosystem is larger. If you depend on a specific MT4 tool, that can be a reason to stay on MT4; otherwise MT5 is generally the more future-proof choice.
- More timeframes (21 vs 9) and more pending-order types.
- Built-in economic calendar and depth-of-market view.
- Access to exchange-traded assets (shares, futures) where the broker supports them.
- Uses MQL5 — not compatible with MT4's MQL4 tools (must be rebuilt).
- Smaller (though substantial) legacy third-party library than MT4.
MT5 on mobile vs desktop
Like MT4, MT5 runs on desktop, a web terminal and Android/iOS apps, with your account synced across them. The desktop version is the most capable — best for detailed charting, using the full set of order types and built-in tools, and running automated strategies, which generally need a desktop or an always-on virtual server. Serious analysis and automation belong on desktop.
The mobile app is strong for monitoring positions, placing or adjusting orders, and checking the built-in economic calendar on the move, but it is not the place for heavy charting or running expert advisors. The common pattern is the same as MT4: analyse and automate on desktop, monitor and react on mobile. Your account and positions are identical across devices.
Which CaspianFX brokers offer MT5?
The brokers below — drawn directly from our verified broker data — offer MetaTrader 5. We derive this list from each broker's platform field rather than restating it in prose, so it always matches our records. MT5 availability is a fact about the platform; spreads, commissions, minimum deposits and whether a swap-free account type is available are set by the broker and account type, not by MT5, and we do not publish those figures.
If you expect to trade beyond forex, or want MT5's built-in economic calendar and extra order types, choose a regulated broker from the list and verify the entity that serves your country on its register first. Because most of these brokers also offer MT4, you can usually switch or run both — the platform is a secondary, reversible decision next to choosing a safe, regulated broker and the right account type. Forex and CFD trading is high-risk and most retail accounts lose money.