6 minute read
How to USE MT5 Metatrader 5 on iPhone for beginners
MetaTrader 5 (MT5) is one of the most advanced and trusted trading platforms globally, offering unmatched tools for trading forex, stocks, indices, commodities, and cryptocurrencies. If you’re a beginner and want to harness the power of MT5 right from your iPhone, this guide is the ultimate roadmap.
Whether you are commuting, working, or relaxing, trading from your iPhone allows you to be in the market anytime, anywhere. In this expert-crafted tutorial, you’ll discover how to install MT5 on your iPhone, open a demo or live account, understand the interface, place trades, manage orders, use indicators, and avoid beginner mistakes — all from the palm of your hand. 🚀📊
Let’s unlock the full potential of mobile trading on iPhone using MetaTrader 5.
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1️⃣ Exness: Open Account Trading | Go to broker
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🔍 Why Trade on MT5 Using iPhone?
Trading on iPhone gives you the flexibility to react to the markets in real-time. MT5 for iOS is designed to deliver powerful performance without sacrificing speed or usability.
Key benefits:
📲 Instant trade execution
📉 Real-time charting
🔔 Push notifications & alerts
🧠 Built-in indicators
💹 Access to demo and live accounts
🧭 Trade anywhere, anytime
For many beginners, starting on mobile is less intimidating than learning the full desktop suite. It’s sleek, simplified, and perfect for those always on the move.
🛠️ Step 1: Download and Install MT5 on iPhone
To get started with MT5 on your iPhone:
Open the App Store on your device.
Search MetaTrader 5.
Tap Download / Get.
Once installed, tap the MT5 icon on your home screen.
Within seconds, the app opens and prepares you for your first login or account registration.
🔐 No need for a computer. Everything is mobile-friendly and encrypted for security.
🧾 Step 2: Open a Demo or Live Trading Account
MetaTrader 5 allows you to either connect to an existing broker or create a free demo account for practice.
🧪 Opening a Demo Account:
Open the MT5 app.
Tap Start without registration or Open a demo account.
Choose a broker (you can search by name).
Select Demo account.
Enter your name, email, phone, leverage, and deposit amount.
Tap Register.
You’ll receive login credentials and instantly access a simulated trading environment with real-time data.
💼 Logging Into a Live Account:
Tap Settings > New Account.
Select Login to existing account.
Search your broker and select it.
Enter your account number and password.
Tap Sign In.
If your broker supports MT5, they’ll provide all necessary credentials once your account is verified.
📌 Pro Tip: Always test your strategy in demo mode before risking real capital.
📊 Understanding the MT5 Interface on iPhone
At first glance, the MT5 app may seem minimalistic, but it’s packed with everything a trader needs.
Here’s a breakdown of the main sections:
🔁 Quotes
This is where you see real-time bid/ask prices of instruments like EUR/USD, gold, oil, and more. You can:
Tap any symbol to view details or open a chart.
Press the + icon to add more instruments.
Hold on a symbol to open trading options or remove it.
📈 Charts
This is your visual representation of market price action.
Features include:
Multiple timeframes (M1 to MN)
Zoom in/out with two-finger gestures
Add indicators or objects (lines, Fibonacci, etc.)
Switch between bar, candle, or line charts
Tap the screen and use the crosshair tool to check past prices precisely.
🛒 Trade
This tab shows your open positions, account balance, equity, and free margin. You can close or modify trades from here.
📖 History
Review your closed trades, profits, commissions, and swap fees. Good for analyzing performance.
⚙️ Settings
Change account, notifications, chart preferences, and security settings.
MT5 on iPhone gives you full access to trade management with a clean and responsive interface.
💼 How to Place a Trade on MT5 iPhone
Placing your first trade is easy and fast.
Go to the Quotes tab.
Tap the instrument you want to trade.
Tap Trade.
Choose trade type:
Market Execution: Instant order
Pending Order: Buy/Sell at a set future price
Set volume (lot size).
(Optional) Add Stop Loss and Take Profit.
Tap Buy by Market or Sell by Market.
The trade executes in real-time. You’ll get a confirmation pop-up and can view it in the Trade tab.
📌 Tip: Always double-check volume and SL/TP levels before execution.
🎯 Setting Stop Loss & Take Profit on iPhone
Risk management is essential. MT5 on iPhone allows you to set protective limits easily.
When placing a new trade, enter your Stop Loss (SL) and Take Profit (TP) values.
To edit an open trade, go to Trade > Tap on Position > Modify Position.
Enter your desired SL and TP prices and confirm changes.
✅ SL protects your capital.✅ TP locks in profits.
Discipline with these two features defines professional traders.
📉 Using Indicators on iPhone MT5
Technical indicators help analyze price movement, spot trends, and time your entries.
To add indicators:
Open a chart.
Tap the ƒ icon (function) on the top.
Choose from categories:
Trend: Moving Average, Bollinger Bands
Oscillators: RSI, MACD, Stochastic
Volumes: Volume, OBV
Select the indicator and configure parameters (period, color, levels).
Tap Done.
Indicators will appear over the chart or in a separate window. You can add multiple ones simultaneously.
To remove them, go back to the ƒ icon, swipe left on the indicator, and tap Delete.
✏️ Drawing Tools and Objects
Need to mark up your charts?
Tap the pencil icon to draw:
🟦 Trendlines
📐 Horizontal lines
📊 Fibonacci retracement
🔺 Triangles, rectangles, and more
These tools help you analyze support, resistance, breakouts, and retracements directly on your iPhone.
🔔 Setting Alerts on MT5 iPhone
Never miss an opportunity. You can set price alerts:
Go to Quotes.
Tap the symbol.
Tap Set Alert.
Choose condition (Bid > X, Ask < Y, etc.).
Confirm.
Once the price hits your level, MT5 sends a push notification.
Perfect for breakout traders or those waiting for key levels.
📈 How to Monitor and Modify Trades
Keeping an eye on trades is critical.
Go to the Trade tab.
Tap on the open position to see details.
Tap Modify Position to adjust SL/TP.
Tap Close to exit the trade at market price.
The app updates in real-time. Your profit/loss adjusts as prices move.
📌 Tip: Swipe left on a position to quickly close it.
🧠 Using Economic Calendar on iPhone
The MT5 app integrates economic events into your mobile terminal.
To access:
Tap Settings.
Select News or Economic Calendar (if your broker enables it).
View upcoming events, countries involved, and expected impact.
Stay alert during high-impact news releases like NFP, CPI, or interest rate decisions. These can cause major volatility.
📂 Checking Trade History
Past trades are your best teacher.
Go to the History tab.
Tap the calendar to choose a date range.
Review each closed trade’s entry, exit, and result.
Use this data to identify mistakes, improve strategies, and maintain accountability.
Read more:
⚠️ Common Mistakes Beginners Should Avoid
Trading on mobile is powerful but can also be risky without discipline. Here’s what to never do:
🚫 Trading without a stop loss🚫 Over-leveraging🚫 Letting losses run🚫 Ignoring news events🚫 Trading emotionally🚫 Overusing indicators
🎯 Pro Tip: Treat trading like a business, not a gamble. Patience and practice are your edge.
