In today’s fast-paced world, mobile trading has become a game-changer—especially for forex traders on the go. Whether you’re in a café, on a train, or just away from your desk, MetaTrader 5 (MT5) on mobile lets you analyze charts, execute trades, and manage positions in real-time—right from your phone.
In this guide, we’ll walk you through how to use MT5 on mobile to trade forex, step-by-step. You’ll learn how to set up the app, place orders, use indicators, and stay efficient—all while mastering the mobile interface like a true funded trader.
What Is MT5 and Why Use It for Mobile Forex Trading?
MetaTrader 5 (MT5) is a powerful multi-asset trading platform designed for advanced trading and analysis. Unlike MT4, it supports more order types, built-in economic calendars, and faster execution.
Benefits of MT5 Mobile:
Trade anywhere, anytime
Real-time price updates
Chart analysis with 30+ indicators
Manage multiple accounts and instruments
Available for both Android and iOS
Supports forex, stocks, and CFDs
How to Set Up MT5 on Mobile (Step-by-Step)
1. Download the App
Go to your app store and search:
iOS: “MetaTrader 5” in the App Store
Android: “MetaTrader 5” on Google Play
Make sure the app is by MetaQuotes Software Corp.
2. Open and Log In to Your Trading Account
After installation:
Tap “Login to an existing account”
Search for your broker’s name (e.g., “FTMO,” “IC Markets”)
Select the correct server
Enter your login ID and password
✅ Pro Tip: Most prop firms like FTMO or The5ers will email you MT5 login credentials after you register for a challenge.
3. Navigate the Main Interface
The mobile app has 5 core sections:
Quotes – View real-time bid/ask prices
Chart – Analyze price action and trends
Trade – Monitor open trades and balance
History – Review past trades and performance
Settings – Manage accounts, alerts, and more
It’s sleek and minimalist, but packed with power.
How to Analyze Charts and Add Indicators on MT5 Mobile
Tap on any pair in “Quotes,” then tap Chart.
To Change Timeframe:
Tap the clock icon (top bar)
Choose: M1, M5, M15, M30, H1, H4, D1, W1, MN
To Add Indicators:
Tap the f (function) icon
Choose from 30+ built-in indicators like:
RSI (Relative Strength Index)
MACD
Moving Averages
Bollinger Bands
Customize settings (period, color, levels)
✅ You can stack multiple indicators at once, just like on desktop.
How to Open and Manage Forex Trades on MT5 Mobile
To Place a Trade:
Tap “Quotes”
Tap your desired pair (e.g., EUR/USD)
Choose Trade
Then:
Set lot size (volume)
Add Stop Loss and Take Profit (optional but recommended)
Choose Buy or Sell market execution
✅ Use pending orders (Limit, Stop) by switching order type.
To Monitor Open Trades:
Go to the “Trade” tab:
View balance, equity, margin
Monitor live P&L
Tap any trade to modify or close it instantly
✅ MT5 mobile also shows margin %—critical when trading with leverage or in prop firm challenges.
Set Price Alerts on MT5 Mobile
Stay updated even when not looking at charts.
How:
Go to Settings
Tap Notifications / Alerts
Set price triggers for chosen pairs
✅ Combine alerts with market news to avoid missing setups.
Security Tips for Mobile Traders
Enable Face ID / fingerprint on your phone
Set 2FA (two-factor authentication) if supported by your broker
Never share your login credentials
Avoid public Wi-Fi when trading live accounts
Can You Trade with Prop Firms Using MT5 Mobile?
Yes, absolutely. Most major prop firms support MT5 mobile, including:
FTMO
FundedNext
MyForexFunds
The5ers
TopstepFX
Just enter the login and server details they give you. You’ll get full access to the challenge or funded account.
✅ You can also use MT5 mobile to track daily drawdown, manage risk per trade, and stay compliant with prop firm rules—even on the move.
⚖️ Pros and Cons of Using MT5 on Mobile
| Pros | Cons |
|---|---|
| Trade anywhere, anytime | Smaller screen, less visibility |
| Fast execution and real-time data | Limited in custom tools vs. desktop |
| Easy to use and navigate | Harder to do multi-timeframe analysis |
| Supports indicators and pending orders | Can drain battery/data if not managed |
Final Thoughts: MT5 Mobile Makes Forex Trading Flexible & Powerful
In 2025, flexibility is an edge. Whether you’re a beginner starting out or a funded trader managing $100K+, MT5 mobile lets you stay in control of your forex trades no matter where you are.
With a clean interface, powerful tools, and full support from major brokers and prop firms, it’s your perfect companion for trading smarter—not harder.
FAQs
Is MT5 mobile free to use?
Yes, the MT5 mobile app is completely free to download and use on both Android and iOS devices. However, trading requires a broker account, which may have its own costs (like spreads or commissions).
Can I use technical indicators on MT5 mobile?
Yes. The MT5 mobile app includes 30+ built-in indicators such as Moving Averages, RSI, MACD, and Bollinger Bands. You can add them directly to your charts for real-time technical analysis.
Is trading forex on mobile secure?
Yes—if you follow best practices. Always use a secure internet connection, enable two-factor authentication (2FA), and trade with a regulated broker. MT5 also encrypts data for extra security.
