MetaTrader 5: The Ultimate Mobile Trading Platform for iOS Devices
- alyson-cansibog494
- Aug 5, 2023
- 11 min read
Metatrader 5 Download iOS: How to Trade Forex and Stocks on Your iPhone or iPad
If you are looking for a powerful and user-friendly mobile trading platform that allows you to trade in financial markets using your iPhone or iPad, you should consider downloading Metatrader 5. In this article, we will explain what Metatrader 5 is, why you should use it, how to download and install it on your iOS device, how to connect to a broker and start trading, and how to use the app's features. We will also answer some frequently asked questions about Metatrader 5 for iOS.
What is Metatrader 5 and why you should use it
Metatrader 5 is a multi-asset trading platform that enables you to trade Forex, stocks, futures, options, and other financial instruments from your mobile device. It is developed by MetaQuotes Software Corp., a leading software company in the field of online trading. Metatrader 5 is the successor of Metatrader 4, one of the most popular trading platforms in the world.
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There are many reasons why you should use Metatrader 5 for iOS, such as:
The benefits of Metatrader 5 for iOS users
It is free to download and use.
It supports both netting and hedging position accounting systems, which means you can trade on exchanges or in Forex markets according to your preference.
It offers a full set of trade orders, including market, limit, stop, pending, and trailing stop orders.
It provides access to depth of market (Level 2) data, which shows the bids and asks of market participants.
It allows you to trade from anywhere in the world with an internet connection.
It has a built-in chat feature that lets you communicate with other traders and join group chats and channels.
It sends you push notifications from the desktop platform and MQL5.community services, such as news, alerts, signals, etc.
The features of Metatrader 5 for iOS users
It has high-performance charts that can display up to four charts in one window (on iPad) and support three types of charts: bars, candlesticks, and lines.
It has customizable chart color schemes and properties of graphical objects and indicators.
It has over 30 technical indicators and 24 analytical objects that can help you perform market analysis using various tools such as lines, channels, geometric shapes, Gann, Fibonacci, Elliott, etc.
It has nine timeframes ranging from one minute to one month that can help you identify short-term and long-term trends.
It has trade levels that visualize the prices of pending orders, as well as stop loss and take profit values on the chart.
It has an information window that displays orders, trading history, emails, news, logs, etc.
</ul How to download and install Metatrader 5 on your iOS device
Downloading and installing Metatrader 5 on your iPhone or iPad is very easy and takes only a few minutes. Here are the steps you need to follow:
Step 1: Go to the App Store and search for Metatrader 5
Open the App Store app on your iOS device and type "Metatrader 5" in the search bar. You will see the Metatrader 5 app icon with a blue background and a white M5 logo. Tap on it to open the app page.
Step 2: Tap on the Get button and enter your Apple ID password
On the app page, you will see a Get button with a cloud icon. Tap on it to start downloading the app. You may be asked to enter your Apple ID password or use Touch ID or Face ID to confirm your identity. Once you do that, the app will begin to download on your device.
Step 3: Wait for the app to download and open it
Depending on your internet speed and device storage, the app may take a few seconds or minutes to download. You can check the progress of the download by looking at the circle around the app icon. When the circle is complete, it means the app is ready to use. Tap on the app icon to open it and start trading.
How to connect to a broker and start trading with Metatrader 5 on your iOS device
Before you can start trading with Metatrader 5 on your iOS device, you need to connect to a broker that supports Metatrader 5 platform. A broker is a company that provides you access to financial markets and executes your trade orders. There are hundreds of brokers that offer Metatrader 5 platform, but you need to choose one that suits your needs and preferences. You can find a list of brokers that support Metatrader 5 platform here:
Once you have chosen a broker, you need to create an account with them and fund it with some money. You can do this by visiting their website or contacting their customer support. You will also receive an account number and password from your broker that you will use to log in to Metatrader 5 platform.
After you have created and funded your account, you can connect to your broker and start trading with Metatrader 5 on your iOS device by following these steps:
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Step 1: Tap on the Menu button and select Manage Accounts
On the main screen of the Metatrader 5 app, you will see a Menu button at the top left corner. It looks like three horizontal lines. Tap on it to open a side menu. From there, tap on Manage Accounts option. This will take you to a screen where you can see all your accounts or add new ones.
Step 2: Tap on the Plus button and choose Login with Existing Account
On the Manage Accounts screen, you will see a Plus button at the top right corner. It looks like a plus sign. Tap on it to add a new account. You will see two options: Login with Existing Account or Open a Demo Account. Choose Login with Existing Account option. This will take you to a screen where you can enter your broker's name, your account number and password.
Step 3: Enter your broker's name, your account number and password
On the Login with Existing Account screen, you will see three fields: Broker, Login and Password. In the Broker field, type in your broker's name or select it from the list of suggested brokers. In the Login field, type in your account number that you received from your broker. In the Password field, type in your password that you received from your broker. Then, tap on Sign In button at the bottom of the screen. This will connect you to your broker's server and load your account information. How to use the Metatrader 5 app for iPhone and iPad
Now that you have connected to your broker and loaded your account information, you are ready to use the Metatrader 5 app for iPhone and iPad. The app has a simple and intuitive interface that allows you to access real-time quotes of financial instruments, analyze markets using charts and technical indicators, place and manage trade orders, and more. Here are some of the main functions of the app and how to use them:
How to access real-time quotes of financial instruments
To access real-time quotes of financial instruments, you need to go to the Quotes tab at the bottom of the screen. It looks like a dollar sign. There, you will see a list of symbols that represent different financial instruments, such as currency pairs, stocks, indices, commodities, etc. You can scroll through the list or use the search bar at the top to find the symbol you want. You can also add or remove symbols from the list by tapping on the Plus button at the top right corner and selecting or deselecting symbols from the available categories.
When you tap on a symbol, you will see its current price, change in percentage and points, spread, high and low prices, time of last update, etc. You can also tap on the Chart button at the top right corner to open a chart of the selected symbol. You can also tap on the Trade button at the bottom of the screen to open a trade order window for the selected symbol.
How to analyze markets using charts and technical indicators
To analyze markets using charts and technical indicators, you need to go to the Chart tab at the bottom of the screen. It looks like a line graph. There, you will see a chart of the selected symbol that shows its price movements over time. You can change the symbol by tapping on its name at the top of the screen and selecting another one from the list. You can also change the chart type by tapping on the icon next to the symbol name and choosing between bars, candlesticks, or lines.
You can zoom in or out of the chart by pinching or spreading your fingers on the screen. You can also scroll through the chart by swiping left or right on the screen. You can change the timeframe of the chart by tapping on the icon at the top left corner and choosing between nine timeframes ranging from one minute to one month.
You can add technical indicators to your chart by tapping on the f icon at the top right corner and selecting an indicator from over 30 available options. You can adjust the indicator settings by tapping on its name at the bottom of the screen and changing its parameters. You can also add analytical objects to your chart by tapping on the pencil icon at the top right corner and selecting an object from 24 available options. You can move, edit, or delete an object by tapping on it and choosing an option from the menu.
How to place and manage trade orders
To place and manage trade orders, you need to go to the Trade tab at the bottom of the screen. It looks like a suitcase. There, you will see your account balance, equity, margin, free margin, margin level, profit or loss, etc. You will also see a list of your open positions and pending orders.
To place a new trade order, you need to tap on the New Order button at the top right corner. This will open a trade order window where you can enter your order details, such as symbol, volume, type (market or pending), price (if pending), stop loss and take profit levels (optional), etc. You can also use trade levels on the chart to set your stop loss and take profit levels visually. When you are ready, tap on Buy or Sell button at the bottom of the window to execute your order.
To manage your existing trade orders, you need to tap on an order in the list and choose an option from the menu. You can modify your order by changing its price, stop loss or take profit levels. You can close your order by tapping on Close button at the bottom of the window and confirming your action. You can also partially close your order by entering a smaller volume than the original one.
Conclusion and FAQs
In conclusion, Metatrader 5 is a great mobile trading platform that allows you to trade Forex and stocks on your iPhone or iPad. It has many benefits and features that make it easy and convenient to use. It is free to download and install from the App Store. It supports both netting and hedging position accounting systems. It offers a full set of trade orders and access to depth of market data. It has high-performance charts with customizable color schemes and properties. It has over 30 technical indicators and 24 analytical objects that can help you perform market analysis. It has nine timeframes that can help you identify trends. It has trade levels that visualize the prices of pending orders and stop loss and take profit values. It has an information window that displays orders, trading history, emails, news, logs, etc. It has a built-in chat feature that lets you communicate with other traders and join group chats and channels. It sends you push notifications from the desktop platform and MQL5.community services. It allows you to trade from anywhere in the world with an internet connection.
We hope this article has helped you understand how to download and use Metatrader 5 for iOS. If you have any questions, you can check out the following FAQs or contact us for more information.
FAQs
What are the system requirements for Metatrader 5 for iOS?
Metatrader 5 for iOS requires iOS 11.0 or later and is compatible with iPhone, iPad, and iPod touch.
How can I open a demo account with Metatrader 5 for iOS?
To open a demo account with Metatrader 5 for iOS, you need to go to the Manage Accounts screen and tap on the Plus button. Then, choose Open a Demo Account option and select a broker from the list. You will be asked to enter your personal details, such as name, email, phone number, etc. You will also be able to choose your account type, currency, leverage, and initial deposit. After you complete the registration, you will receive your demo account number and password.
How can I switch between accounts with Metatrader 5 for iOS?
To switch between accounts with Metatrader 5 for iOS, you need to go to the Manage Accounts screen and tap on the account you want to switch to. You will see a green check mark next to the active account.
How can I customize the appearance of the app with Metatrader 5 for iOS?
To customize the appearance of the app with Metatrader 5 for iOS, you need to go to the Settings screen by tapping on the Menu button and selecting Settings option. There, you will be able to change various settings, such as language, color scheme, sound alerts, notifications, etc.
How can I access more features and services with Metatrader 5 for iOS?
To access more features and services with Metatrader 5 for iOS, you need to go to the MQL5.community screen by tapping on the Menu button and selecting MQL5.community option. There, you will be able to access various services, such as signals, market, code base, articles, freelance, forum, etc. You will need to create an MQL5.community account or log in with your existing one to use these services.
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