How do I download MetaTrader 5? ⬇️
You can download the XBTFX MetaTrader 5 platform here.
Note: You do not need to uninstall MT4 prior to downloading MT5.
How do I open a MetaTrader 5 demo account? 💻
MetaTrader 5 demo accounts can be opened inside the client interface.
First, register at https://my.xbtfx.io/en/register.
After registration, click Trade Accounts / MT5 on the left navigation.
Scroll to the bottom and click "Create Demo Account".
What are the system requirements for MetaTrader 5? 🖥️
Operating System: Windows 7, 8, or 10
Screen Resolution: Minimum of 800 x 600
Internet Connection: Speed of 36.6 Kbps or faster
Does XBTFX MetaTrader 5 adhere to the First in First Out (FIFO) rule? 🔄
The XBTFX MetaTrader 5 is in hedging mode, which means it operates similarly to MT4 in terms of how positions are viewed and managed.
Note: XBTFX does not currently offer ‘netting’ MT5 accounts.
What order types are available on MetaTrader 5? 📈
Here are the available order types in MetaTrader 5:
Market Order 🏷️: Executed at the best available price at the time the order is received.
Limit Orders ⏳: Rest on the server and are executed at the order rate, then become a market order and are executed at the best available price.
Sell limit orders are triggered when the bid reaches the requested rate.
Limit orders to buy are triggered when the offer reaches the requested rate.
Stop Orders ⚠️: An order to buy or sell once a pre-defined price is reached. When the price is reached, the stop order becomes a market order and is executed at the best available price.
Stop Entry Order 🚀: Placed to buy above the current price or to sell below the current price. Useful when anticipating market movement in a particular direction and setting a target entry price.
Stop Loss Order 🛑: Placed to sell below the current price (to close a long position) or to buy above the current price (to close a short position). A vital risk management tool to limit potential losses.
Note: Stop orders do not guarantee execution at the specified price. They are triggered once the stop level is reached and will be executed at the next available price.
For more detailed reports on tick data, please contact customer service.
How do I access my MetaTrader 5 account reports? 📑
Account reports can be accessed within the MetaTrader 5 platform:
Click on the History tab in the Terminal section.
Right-click to select whether you want positions, orders, or deals to be included.
You can change the timeframe and export reports from there.
Additionally, account history is also available on https://my.xbtfx.io.
Are MT4 EAs compatible with MT5? ⚙️
Most MT4 Expert Advisors (EAs) are not compatible with MT5. You will need to contact the EA provider for the MT5-compatible version.
Can I manage my account on MT5 Mobile? 📱
Yes! You can manage your account using the MT5 mobile app. This includes:
Monitoring your account
Placing trades and orders
Accessing your reports and more.