MetaTrader 5 (MT5) is a desktop trading platform for analyzing markets, placing orders, and managing positions. This guide explains installation, login, instruments, and trading functions.
Starting 01 July 2025, only these platform versions will work:
MT4 Build 1440 (21 Feb 2025)
MT5 Build 4755 (13 Dec 2024)
Older versions will not connect. Update MT5 to avoid login issues. Ensure you have your trading account login and server details before installing.
How to install MT5 trading platform
Windows / macOS
Download MT5 and run the installer. Follow prompts to install. Click Settings to change the installation directory, or click Next to proceed. Click Finish to launch MT5. On first launch, close the “Open an account” window by clicking Cancel.
How to log in to Weltrade MT5
Login steps
File → Login to Trade Account.
Enter Login, Password, and Server → Login
If you don’t see your server: File → Open an Account → search Weltrade → choose Weltrade → select server → Finish.
Successful login plays a confirmation sound. If using the MT5 account created during registration, password = Personal Area password.
How to switch accounts
File → Login to Trade Account → enter another account’s details → OK
Tip: Save account information for quick switching. Saved accounts will appear in the login dropdown.
How to add and remove instruments
Use Market Watch panel to manage instruments.
Add symbols
Right-click Market Watch → Symbols.
Double-click instruments to add → OK
Remove symbols
Right-click instrument → Hide
How to open an order
Ways to open New Order
Toolbar → New Order
Press F9
Right-click instrument in Market Watch → New Order
Double-click instrument
Market order
Select symbol, lot size, SL and TP (optional).
Execution type auto-detects based on account
Click Buy by Market or Sell by Market.
Pending order
Open New Order (F9).
Select symbol and lot size. Under Type select Pending Order
Set price, optional expiry, SL/TP. Click Place
Follow minimum stop-level rules for price, SL, and TP.
Note: Orders expiring on weekends close at the end of that trading week (except crypto).
How to close an order
Close positions via one of these methods:
Double-click order in Trade tab → Close
Right-click order → Close Order (instant if One-Click Trading is enabled)
Click the X next to order in Trade tab (instant closure with One-Click Trading)
How to manage an order
Modify active trades in the Trade tab:
Right-click order → Modify order
Modify: adjust price, SL, TP, expiry → Modify
Frequently asked questions (FAQs)
What is MT5?
What is MT5?
MT5 (MetaTrader 5) is a multi-asset trading platform that allows traders to trade Forex and other instruments using advanced analytical tools.
What can I do on the MT5 platform?
What can I do on the MT5 platform?
You can place trades, manage orders, analyze charts, use technical indicators, and monitor your trading account.
What order types are available on MT5?
What order types are available on MT5?
MT5 supports market orders, pending orders, stop loss, and take profit, depending on trading conditions.
Is MT5 suitable for beginners?
Is MT5 suitable for beginners?
Yes. MT5 is suitable for beginners, but learning its interface and basic trading functions is recommended before trading with real funds.
Can I use MT5 with my Weltrade account?
Can I use MT5 with my Weltrade account?
Yes. You can trade on MT5 using your Weltrade trading account credentials.