Tradeify$37.9Mpaid to traders/FundingPips$16.0Mpaid to traders/FundedNext$7.4Mpaid to traders/Goat Funded Trader$1.6Mpaid to traders/Fintokei$1.4Mpaid to traders/E8 Markets$771Kpaid to traders/Tradeify$37.9Mpaid to traders/FundingPips$16.0Mpaid to traders/FundedNext$7.4Mpaid to traders/Goat Funded Trader$1.6Mpaid to traders/Fintokei$1.4Mpaid to traders/E8 Markets$771Kpaid to traders/

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MetaTrader 5 Review

Item: MetaTrader 5
Rating: 4.5
Author: Up Trade Funded

#3 · Multi-asset

The multi-asset successor to MT4 — the forex funding workhorse.

Reviewed by The Up Trade Funded Editorial Team · how we score

Score /100

Markets: Forex & multi-assetOS: Windows · macOS · Web · iOS · AndroidSupported by 30 firms

Overview

MetaTrader 5 (MT5) is the default platform for forex prop firms and the multi-asset upgrade to MT4. It adds more timeframes, an economic calendar, depth of market and a faster strategy tester, while keeping the MQL5 automation ecosystem that made MetaTrader ubiquitous. If you trade forex, indices or metals on a challenge, MT5 is almost always offered.

Best for

Forex and multi-asset traders who rely on Expert Advisors (EAs).

Key features

MQL5 Expert Advisors & indicator marketplace
Depth of Market and 21 timeframes
Built-in economic calendar & multi-threaded strategy tester
Hedging and netting account modes

Pros

Universally supported by forex firms
Powerful automation via Expert Advisors
Multi-asset: forex, indices, metals, stocks
Mature mobile apps

Cons

Interface feels dated next to TradingView
EA quality varies wildly in the marketplace
Not aimed at futures order-flow traders

Score breakdown

Execution & routing90

Charting & analysis84

Usability83

Value & cost90

Prop firms that support MetaTrader 5

Verdict

MT5 is the dependable forex funding workhorse. It is not the prettiest, but its automation ecosystem and near-universal firm support make it hard to avoid — and easy to recommend.