How to install MetaTrader 5 (MT5)? The complete guide for beginners

MetaTrader 5 (MT5) is one of the most widely used trading platforms in the world. It allows you to analyze markets, open positions and manage your trading account from a computer or smartphone.

If you want to trade synthetic indices on Deriv, MT5 is an essential platform.

In this guide, find out how to install MetaTrader 5 step by step.

What is MetaTrader 5?

MetaTrader 5, also known as MT2, is a platform developed to enable traders to access financial markets.

In particular, it proposes:

• real-time graphics;

• technical indicators;

• several time units;

• different types of orders;

• advanced analytical tools.

It is available free of charge.

How to install MT5 on a computer?

Installation is simple:

1. Download MetaTrader 5 from the official website or your broker.

2. Run the installation file.

3. Follow the steps displayed on the screen.

4. Open MT5 after installation.

You can then add your trading account.

How to install MT5 on a phone?

MT5 is also available on Android and iPhone.

The steps are similar:

• Open Google Play Store or App Store;

• search MetaTrader 5 ;

• Install the application;

• Open MT5;

• Connect your account.

The app offers most of the essential features to trade on the move

What do you need to connect?

To use MT5, you will usually need:

• your account number;

• trading password;

• the server associated with your account.

This information is provided by your broker when creating the MT5 account.

Most frequent errors

New users sometimes encounter the following problems:

• download a wrong application;

• enter a wrong password;

• choose an incorrect server;

• forget to create an MT5 account with their broker.

Always check your login information before trying again.

Conclusion

Installing MetaTrader 5 is an essential step in accessing markets through your broker.

Once the platform is installed, you can analyze graphics, use technical indicators and manage your positions more easily.

Start free in 2 steps

Step 1: Create your Deriv account for free

Create your Deriv account free with my partner link.

You can then create an MT5 account and start practicing on a demo account.

Create my Deriv account for free

Step 2: Join Bono Trading training for free

Once your account is created, join Bono Trading for free.

You will learn:

To be installed MT5

Login your Deriv account

To use graphs

The basics of technical analysis

Trading strategies

Access Bono Trading training for free