FxPro MT5 for Advanced CFD Analysis
Traders who have outgrown MT4’s nine timeframes and four pending order types often land here. FxPro MetaTrader 5 addresses those gaps directly – more instruments, deeper analytics, and a built-in strategy tester that MT4 never offered.
Table of Contents
What MT5 Brings to the Table with FxPro
MT5 is not simply an updated MT4. The architecture is different, the order system is different, and the asset coverage is broader. FxPro deploys MT5 as a multi-asset environment covering forex pairs, equity CFDs, indices, commodities, and energies.
The platform runs on a No Dealing Desk (NDD) execution model. Average execution speed sits under 12 milliseconds. That matters when trading during the Asian session overlap, when spreads on pairs like USD/MYR or AUD/USD compress and price moves fast.
FxPro supports three account types on MT5: Standard (no commission, spreads from 1.2 pips), Raw+ (USD 7 per lot commission), and Elite (USD 5 per lot commission). All three carry leverage up to 1:500, subject to applicable regulatory conditions.
MT5 Platform Specifications
| Feature | Detail |
|---|---|
| Timeframes | 21 (M1 through Monthly) |
| Built-in Indicators | 80+ pre-installed |
| Analytical Tools | 44 |
| Pending Order Types | 6 (including Buy/Sell Stop Limit) |
| Charts Open Simultaneously | Up to 100 |
| Execution Model | NDD, average under 12ms |
| Instruments Available | 2,000+ including shares |
| Automation Support | MQL5 EAs, scripts, robots |
| Platforms | Windows, macOS, iOS, Android, WebTrader |
| Demo Account | Available with virtual funds |
Downloading and Installing MT5
The download is free. Access it through FxPro Direct after registering and verifying a live account.
Desktop Installation (Windows)
1. Log into FxPro Direct.
2. Go to Quick Access, then Download Centre.
3. Select FxPro MT5 Client Terminal.
4. Download the .exe file and run it.
5. Follow the installer prompts – accept defaults unless you need a custom path.
6. Launch the terminal once installation completes.
Windows 7 or later is sufficient. A connection speed of 56kbps or above is the stated minimum, though a stable broadband connection is recommended for live trading.
macOS Installation
macOS does not run MT5 natively. Install PlayOnMac first, then download the FxPro MT5 .exe file. Right-click the file and select Open with PlayOnMac. Follow the on-screen prompts and launch the platform via the shortcut it creates.
Mobile and WebTrader
The FxPro App is available on Google Play (Android 5 and above) and the App Store (iOS 11 and above). It handles both MT4 and MT5 accounts from a single interface. It includes live charts, position management, and 24/7 LiveChat access.
If you prefer not to install anything, use the MT5 WebTrader. Log into FxPro Direct and open MT5 WebTrader from the dashboard. It runs in any modern browser and includes TradingView chart integration.
Connecting Your FxPro Account to MT5
After opening an MT5 account in FxPro Direct, check your registered email. FxPro sends the login ID, password, and server name automatically.
Open MT5 on desktop. Go to File, then Login to Trade Account. Enter the credentials exactly as they appear in the email. Select the correct server from the dropdown – the server name will contain “FxPro” followed by a suffix indicating account type or region.
A green status bar in the bottom-right corner confirms a live connection. If the bar stays red or grey, check these in order:
- Confirm the server name matches the email exactly.
- Temporarily disable firewall or antivirus software.
- Switch networks if on mobile data with restricted ports.
- Contact FxPro support via LiveChat or email [email protected].
For mobile, open the FxPro App, tap Add Account, and enter the same credentials. The app syncs positions and account balance in real time.
Advanced Features Worth Using
Depth of Market (DOM)
DOM shows the live order book – buy and sell volumes stacked at each price level. Open it by right-clicking any chart and selecting Depth of Market. This is useful when trading during the Kuala Lumpur to Tokyo session overlap, where liquidity on Asian currency pairs fluctuates. MT4 does not have DOM. MT5 does.
Economic Calendar
The built-in economic calendar is accessible from the terminal window at the bottom of the screen. It lists upcoming data releases by time zone. Set it to UTC+8 to align with Malaysian Standard Time. Filter by impact level – high-impact events like US NFP or Bank Negara interest rate decisions are flagged separately.
21 Timeframes and Charting
MT5 supports 21 timeframes from M1 (one minute) to MN (monthly). MT4 supports nine. The additional frames – M2, M3, M4, M6, M10, M12, H2, H3, H6, H8, H12 – are useful for building multi-timeframe setups without switching platforms.
Open a chart by right-clicking a symbol in Market Watch and selecting Chart Window. Overlay indicators from the Navigator panel on the left. MT5 ships with over 80 pre-installed indicators including EMA, RSI, MACD, Bollinger Bands, and volume tools. Trading Central tools are also available through FxPro for support/resistance levels and signal overlays.
Strategy Tester
The Strategy Tester lets you backtest an Expert Advisor against historical data before running it live. Open it from View, then Strategy Tester, or press Ctrl+R.
Select the EA, the symbol, the timeframe, and a date range. Choose between single-pass testing and optimization mode. Optimization runs the EA across a range of input parameters and returns a results grid showing which settings performed best. MT4’s tester runs single-currency tests only. MT5’s tester supports multi-currency and multi-asset backtesting simultaneously.
Trading Instruments Available on MT5
FxPro MT5 provides access to over 3,500 symbols across asset classes. The breakdown includes:
- Forex pairs covering majors, minors, and exotics (including MYR pairs)
- CFDs on global equity indices (FTSE, Nikkei, S&P 500, KLCI-related instruments)
- Commodity CFDs (gold, silver, crude oil, natural gas)
- Share CFDs – over 2,000 individual equities on MT5 specifically
- Cryptocurrency CFDs
To see the full instrument list in MT5, right-click anywhere in Market Watch and select Show All. Scroll through the list or use the search bar to find a specific symbol. Add it to Market Watch by double-clicking.
MT5 vs MT4: Direct Comparison
Traders switching from MT4 should understand the concrete differences before migrating.
| Feature | MT5 (FxPro) | MT4 (FxPro) |
|---|---|---|
| Timeframes | 21 | 9 |
| Built-in Indicators | 80+ | 31 |
| Pending Order Types | 6 | 4 |
| Depth of Market | Yes | No |
| Strategy Tester | Multi-asset, multi-currency | Single currency |
| Programming Language | MQL5 | MQL4 |
| Hedging Mode | Yes | Yes |
| Netting Mode | Yes | No |
| Economic Calendar | Built-in | Not built-in |
| Share CFDs | 2,000+ | Limited |
| Chart Types | Candlestick, Bar, Line | Candlestick, Bar, Line |
Note that MQL4 EAs do not run on MT5. If you use custom EAs built for MT4, they require conversion or rewriting in MQL5 before deployment on MT5.
MT5 for Algorithmic Trading
Building and Running EAs in MQL5
MT5 uses MQL5 as its scripting language. Open MetaEditor from Tools, then MetaEditor, or press F4. Write or paste your EA code, compile it, and it appears in the Navigator under Expert Advisors.
Drag the EA onto a chart. In the EA properties window, enable Allow Algo Trading. Confirm the AutoTrading button in the toolbar is active (it turns green). The EA begins executing based on its logic.
To install a downloaded .ex5 EA file:
1. Go to File, then Open Data Folder.
2. Navigate to MQL5, then Experts.
3. Paste the .ex5 file into the folder.
4. Restart MT5.
5. The EA appears in Navigator under Expert Advisors.
MQL5 Marketplace and Copy Trading
The MQL5 Marketplace is accessible directly from MT5’s Market tab in the terminal. It contains thousands of EAs, indicators, and scripts – both free and paid. Filter by rating, price, or asset class.
Copy trading is available through the Signals tab. Subscribe to a signal provider, set risk parameters (maximum loss per trade, position size cap), and the platform replicates trades automatically. This works without running MT5 continuously – trades copy at the server level.
FxPro also supports VPS hosting for algorithmic trading. A VPS keeps EAs running 24 hours a day, five days a week, without depending on a local machine staying on.
Who Should Use MT5 Over MT4
MT5 is the right choice in specific situations. Use this checklist to decide:
- You trade more than forex – indices, shares, or commodities are part of your strategy.
- You need more than nine timeframes for multi-timeframe analysis.
- You want DOM to assess order flow before entering positions.
- You run EAs and want multi-asset backtesting in the Strategy Tester.
- You want the economic calendar inside the platform, aligned to UTC+8.
- You plan to write new automation in MQL5 (rather than reusing old MQL4 code).
- You want access to over 2,000 share CFDs from a single account.
MT4 remains functional for pure forex scalping with existing MQL4 EAs. But for anything beyond that, MT5 covers the gaps MT4 leaves open.
FxPro offers a demo account on MT5 with virtual funds. Test the platform, run the Strategy Tester, and verify execution behaviour before depositing. FxPro does not impose a mandatory minimum deposit for live accounts. Traders starting on a Standard account often begin with USD 10-20, depending on the payment method’s minimum transaction limit. Actual amounts may vary by the specific payment method used.
FAQ
Can traders in Malaysia access FxPro MetaTrader 5?
Access to FxPro MT5 may be subject to restrictions depending on regulatory conditions applicable to your region. Traders should verify eligibility directly through FxPro’s website or by contacting support before opening an account. A demo account is available for testing the platform without committing funds.
What is the minimum deposit needed to start trading on FxPro MT5?
FxPro does not require a mandatory minimum deposit for live accounts. In practice, many traders on the Standard account start with around USD 10-20, with the actual minimum depending on the payment method selected and its transaction limits.
Can existing MT4 Expert Advisors be used on FxPro MT5?
No. MT4 EAs are written in MQL4 and are not compatible with MT5’s MQL5 environment. EAs need to be rewritten or converted to MQL5 before they can run on MT5. The MetaEditor inside MT5 provides the tools needed for this.
How do the 21 timeframes on MT5 differ from MT4’s nine?
MT5 adds intermediate frames not available in MT4, including M2, M3, M4, M6, M10, M12, H2, H3, H6, H8, and H12. These allow traders to build multi-timeframe setups within a single platform without switching tools. This is particularly useful for intraday strategies that reference both short and medium-term structure.
What account types does FxPro offer on MT5?
FxPro offers three account types on MT5: Standard (no commission, spreads from 1.2 pips), Raw+ (USD 7 per lot commission), and Elite (USD 5 per lot commission). All three support leverage up to 1:500 and use market execution.
Is the FxPro MT5 WebTrader suitable for mobile use?
The WebTrader runs in any modern browser and does not require installation, making it accessible from mobile devices. However, the dedicated FxPro App (available on iOS and Android) offers a more optimised mobile experience with push notifications and integrated account management.
What is the Depth of Market feature and how is it used on FxPro MT5?
Depth of Market (DOM) displays the live order book, showing buy and sell volumes queued at each price level. It is accessible by right-clicking any chart and selecting Depth of Market. Traders use DOM to assess liquidity conditions before entering or exiting a position, particularly during volatile sessions.
