- Low CFD Fees
- Automated Trading
- MetaTrader Platform
- Dedicated client support
- Low CFD Fees
- Automated Trading
- MetaTrader Platform
- Dedicated client support
Is Pepperstone reliable?
Yes, Pepperstone is a reliable trading platform regulated by reputable authorities like the FCA (UK) and ASIC (Australia). It ensures the security of funds through segregated accounts and advanced security protocols. Users appreciate the transparency and strict regulation that govern operations on this platform.
Why choose Pepperstone?
Pepperstone stands out for its accessibility and tools tailored to all profiles. With an intuitive platform and powerful tools like cTrader, beginners and experienced traders can exploit a wide range of assets, from currencies to indices. The emphasis is on competitive spreads and rapid order execution.
What are the fees at Pepperstone?
Pepperstone offers attractive fees with spreads from 0 pip on Raw accounts, but with a small commission of $3.5 per lot. For Standard accounts, there are no commissions, but slightly wider spreads. No fees on deposits, and withdrawal fees are transparent and reasonable.
Who is Pepperstone for?
Pepperstone is perfect for traders of all levels. Beginners will benefit from guides and demo accounts to practice, while more advanced users will appreciate the speed of the platform and access to high-end trading tools. Its diversity of assets allows everyone to find their area of expertise.
Is it easy to withdraw money from Pepperstone?
Withdrawing funds from Pepperstone is a simple and quick process. You can make your withdrawals via bank transfer, credit card or e-wallets. Requests are generally processed within 1 to 2 business days, with transparent withdrawal fees and a clear procedure, appreciated by many users.
Is Pepperstone reliable?
Yes, Pepperstone is a reliable trading platform regulated by reputable authorities like the FCA (UK) and ASIC (Australia). It ensures the security of funds through segregated accounts and advanced security protocols. Users appreciate the transparency and strict regulation that govern operations on this platform.
Why choose Pepperstone?
Pepperstone stands out for its accessibility and tools tailored to all profiles. With an intuitive platform and powerful tools like cTrader, beginners and experienced traders can exploit a wide range of assets, from currencies to indices. The emphasis is on competitive spreads and rapid order execution.
What are the fees at Pepperstone?
Pepperstone offers attractive fees with spreads from 0 pip on Raw accounts, but with a small commission of $3.5 per lot. For Standard accounts, there are no commissions, but slightly wider spreads. No fees on deposits, and withdrawal fees are transparent and reasonable.
Who is Pepperstone for?
Pepperstone is perfect for traders of all levels. Beginners will benefit from guides and demo accounts to practice, while more advanced users will appreciate the speed of the platform and access to high-end trading tools. Its diversity of assets allows everyone to find their area of expertise.
Is it easy to withdraw money from Pepperstone?
Withdrawing funds from Pepperstone is a simple and quick process. You can make your withdrawals via bank transfer, credit card or e-wallets. Requests are generally processed within 1 to 2 business days, with transparent withdrawal fees and a clear procedure, appreciated by many users.
- Reduced Fees on Indices
- Free Demo Account
- Automated Trading Option
- MetaTrader Platform
- Reduced Fees on Indices
- Free Demo Account
- Automated Trading Option
- MetaTrader Platform
Is EightCap reliable?
Yes, EightCap is a trusted platform, regulated by ASIC (Australia) and FCA (United Kingdom). Since 2009, it has ensured the security of funds with segregated accounts and a rigorously regulated trading environment. If you are looking for a reliable broker to start with, EightCap is a safe bet, recognized in the industry.
Why choose EightCap?
EightCap combines performance and flexibility. The platform offers a wide selection of assets and tools like MT4 and MT5, perfect for demanding traders. Are you a beginner? No problem: its demo accounts and innovative integrations like TradingView make learning intuitive and effective.
What are the fees at EightCap?
At EightCap, fees depend on the account you choose: Raw accounts display spreads from 0 pip, with a commission of $3.5 per lot. Standard accounts have slightly higher spreads but no commissions. No fees on deposits or withdrawals, for clear and controlled costs.
Who is EightCap for?
Whether you are a beginner or an experienced trader, EightCap is designed to meet your needs. Are you starting out? Take advantage of guides and demo accounts to understand the basics. Are you more advanced? Tools like MT5 and competitive spreads will allow you to go further in your strategies.
Is it easy to withdraw money from EightCap?
Withdrawing your winnings on EightCap is quick and easy. Requests are processed within 24 hours and you can use flexible options such as bank transfer, cards or e-wallets. Security and speed are at the heart of the service.
Is EightCap reliable?
Yes, EightCap is a trusted platform, regulated by ASIC (Australia) and FCA (United Kingdom). Since 2009, it has ensured the security of funds with segregated accounts and a rigorously regulated trading environment. If you are looking for a reliable broker to start with, EightCap is a safe bet, recognized in the industry.
Why choose EightCap?
EightCap combines performance and flexibility. The platform offers a wide selection of assets and tools like MT4 and MT5, perfect for demanding traders. Are you a beginner? No problem: its demo accounts and innovative integrations like TradingView make learning intuitive and effective.
What are the fees at EightCap?
At EightCap, fees depend on the account you choose: Raw accounts display spreads from 0 pip, with a commission of $3.5 per lot. Standard accounts have slightly higher spreads but no commissions. No fees on deposits or withdrawals, for clear and controlled costs.
Who is EightCap for?
Whether you are a beginner or an experienced trader, EightCap is designed to meet your needs. Are you starting out? Take advantage of guides and demo accounts to understand the basics. Are you more advanced? Tools like MT5 and competitive spreads will allow you to go further in your strategies.
Is it easy to withdraw money from EightCap?
Withdrawing your winnings on EightCap is quick and easy. Requests are processed within 24 hours and you can use flexible options such as bank transfer, cards or e-wallets. Security and speed are at the heart of the service.
- Reduced fees on stocks
- Free demo account
- Copy trading available
- 3% interest rate on uninvested balance
- Reduced fees on stocks
- Free demo account
- Copy trading available
- 3% interest rate on uninvested balance
Is Avatrade reliable?
AvaTrade is a trusted broker, regulated by major institutions, starting with the AMF in France, as well as the Central Bank of Ireland, ASIC (Australia) and the FSA (Japan). Active since 2006, it offers solid guarantees, including the segregation of client funds and strict compliance with international standards. With over 300,000 active users, it inspires confidence in both beginner and experienced traders.
Why choose Avatrade?
AvaTrade combines simplicity and expertise. Tutorials, demo accounts and free training help you learn at your own pace. Advanced tools like MT4/MT5 offer endless possibilities as you progress. You don't need to be an expert: AvaTrade adapts to you.
What are the fees at Avatrade?
AvaTrade offers simple and affordable fees: competitive fixed spreads, no deposit or withdrawal fees, and inactivity costs that can be avoided with regular use. You can focus on learning and your investments, with no surprises when you pay.
Who is Avatrade for?
AvaTrade is for everyone: beginners can take advantage of detailed educational content and demo accounts, while advanced traders will find tools such as automated trading or Vanilla options. If you are looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is an excellent choice.
Is it easy to withdraw money from Avatrade?
Yes, AvaTrade offers a fast and secure withdrawal process. Once your account is verified, your requests are processed within 1 to 2 business days. You can use various options such as bank cards, wire transfer or e-wallets. Everything is designed to offer you fast, clear and secure access.
Is Avatrade reliable?
AvaTrade is a trusted broker, regulated by major institutions, starting with the AMF in France, as well as the Central Bank of Ireland, ASIC (Australia) and the FSA (Japan). Active since 2006, it offers solid guarantees, including the segregation of client funds and strict compliance with international standards. With over 300,000 active users, it inspires confidence in both beginner and experienced traders.
Why choose Avatrade?
AvaTrade combines simplicity and expertise. Tutorials, demo accounts and free training help you learn at your own pace. Advanced tools like MT4/MT5 offer endless possibilities as you progress. You don't need to be an expert: AvaTrade adapts to you.
What are the fees at Avatrade?
AvaTrade offers simple and affordable fees: competitive fixed spreads, no deposit or withdrawal fees, and inactivity costs that can be avoided with regular use. You can focus on learning and your investments, with no surprises when you pay.
Who is Avatrade for?
AvaTrade is for everyone: beginners can take advantage of detailed educational content and demo accounts, while advanced traders will find tools such as automated trading or Vanilla options. If you are looking for a reliable platform to develop your skills or diversify your assets, AvaTrade is an excellent choice.
Is it easy to withdraw money from Avatrade?
Yes, AvaTrade offers a fast and secure withdrawal process. Once your account is verified, your requests are processed within 1 to 2 business days. You can use various options such as bank cards, wire transfer or e-wallets. Everything is designed to offer you fast, clear and secure access.
- Responsive support
- No fees on CFDs
- Copy trading available
- MetaTrader 4&5 Platform
- Responsive support
- No fees on CFDs
- Copy trading available
- MetaTrader 4&5 Platform
Is Vantage reliable?
Vantage is a reliable broker, regulated by recognized authorities such as ASIC (Australia) and the FCA (United Kingdom). It stands out for the security of its client accounts, protected by leading banks, and its commitment to transparency. With over 15 years of experience, Vantage is a trustworthy platform.
Why choose Vantage?
Vantage stands out for its balance between accessibility and professional tools. Beginners benefit from support with demo accounts and educational resources, while experienced traders appreciate competitive spreads, fast execution, and advanced platforms like MT4/MT5. With a varied range of assets and transparent fees, Vantage appeals to a wide audience in search of reliable and efficient trading conditions.
What are the fees at Vantage?
The fees at Vantage are tailored for everyone. On ECN accounts, spreads start at 0 pip with a commission of $3 per lot. Standard accounts offer slightly higher spreads but without commission. No deposit or withdrawal fees are applied, and the cost of inactivity is limited. With Vantage, you keep control of your costs to invest efficiently.
Who is Vantage for?
Vantage is perfect for traders looking for professional conditions, while remaining accessible to beginners. If you want a fast platform, competitive fees and advanced tools, Vantage is an excellent choice. Whether you are learning or perfecting your strategies, you will find the necessary resources there.
Is it easy to withdraw money from Vantage?
Withdrawing funds from Vantage is quick and secure. Requests are processed in less than 48 hours and you can choose between bank transfer, cards or e-wallets. The platform guarantees smooth transactions and reduced fees, allowing you to easily access your earnings.
Is Vantage reliable?
Vantage is a reliable broker, regulated by recognized authorities such as ASIC (Australia) and the FCA (United Kingdom). It stands out for the security of its client accounts, protected by leading banks, and its commitment to transparency. With over 15 years of experience, Vantage is a trustworthy platform.
Why choose Vantage?
Vantage stands out for its balance between accessibility and professional tools. Beginners benefit from support with demo accounts and educational resources, while experienced traders appreciate competitive spreads, fast execution, and advanced platforms like MT4/MT5. With a varied range of assets and transparent fees, Vantage appeals to a wide audience in search of reliable and efficient trading conditions.
What are the fees at Vantage?
The fees at Vantage are tailored for everyone. On ECN accounts, spreads start at 0 pip with a commission of $3 per lot. Standard accounts offer slightly higher spreads but without commission. No deposit or withdrawal fees are applied, and the cost of inactivity is limited. With Vantage, you keep control of your costs to invest efficiently.
Who is Vantage for?
Vantage is perfect for traders looking for professional conditions, while remaining accessible to beginners. If you want a fast platform, competitive fees and advanced tools, Vantage is an excellent choice. Whether you are learning or perfecting your strategies, you will find the necessary resources there.
Is it easy to withdraw money from Vantage?
Withdrawing funds from Vantage is quick and secure. Requests are processed in less than 48 hours and you can choose between bank transfer, cards or e-wallets. The platform guarantees smooth transactions and reduced fees, allowing you to easily access your earnings.
- Low CFD fees
- Fee transparency
- Free training
- Low CFD fees
- Fee transparency
- Free training
Is Libertex reputable?
Libertex is a broker regulated by CySEC. With over 10 years of experience, it enjoys a solid reputation among traders. The security of fund accounts is ensured through strict protocols and full transaction transparency.
Why choose Libertex?
Libertex impresses with its user-friendly interface, ideal for all types of traders. Its advanced technology provides access to a wide range of underlying assets, from stock CFDs to cryptocurrency CFDs. In addition, its leverage up to 1:30 for retail traders and its powerful analytical tools offer a good trading environment.
What are the fees at Libertex?
Libertex fees are competitive, with tight spreads and low commissions on certain transactions. Trading certain underlying assets is commission-free, but other fees may apply. Commission fees vary depending on the underlying asset, while inactivity fees may apply after an extended period. The platform prides itself on its transparency to avoid any unpleasant surprises.
Who is Libertex for?
Accessible to all types of traders, Libertex is particularly impressive with its user-friendly interface and educational resources. More experienced traders will appreciate the diversity of underlying assets available, including CFDs on currencies, indices and commodities, as well as a demo account to refine their strategies.
Is it easy to withdraw money from Libertex?
Withdrawing funds from Libertex is a smooth and secure process. Users can use various methods such as bank transfer, credit card, or PayPal. Timeframes vary depending on the option chosen but remain competitive. The platform ensures complete transparency on fees and ensures quick access to funds without complications.
Is Libertex reputable?
Libertex is a broker regulated by CySEC. With over 10 years of experience, it enjoys a solid reputation among traders. The security of fund accounts is ensured through strict protocols and full transaction transparency.
Why choose Libertex?
Libertex impresses with its user-friendly interface, ideal for all types of traders. Its advanced technology provides access to a wide range of underlying assets, from stock CFDs to cryptocurrency CFDs. In addition, its leverage up to 1:30 for retail traders and its powerful analytical tools offer a good trading environment.
What are the fees at Libertex?
Libertex fees are competitive, with tight spreads and low commissions on certain transactions. Trading certain underlying assets is commission-free, but other fees may apply. Commission fees vary depending on the underlying asset, while inactivity fees may apply after an extended period. The platform prides itself on its transparency to avoid any unpleasant surprises.
Who is Libertex for?
Accessible to all types of traders, Libertex is particularly impressive with its user-friendly interface and educational resources. More experienced traders will appreciate the diversity of underlying assets available, including CFDs on currencies, indices and commodities, as well as a demo account to refine their strategies.
Is it easy to withdraw money from Libertex?
Withdrawing funds from Libertex is a smooth and secure process. Users can use various methods such as bank transfer, credit card, or PayPal. Timeframes vary depending on the option chosen but remain competitive. The platform ensures complete transparency on fees and ensures quick access to funds without complications.
- What is Metatrader 5?
- What Is a Metatrader 5 Broker?
- Why choose a broker offering Metatrader 5?
- What Assets Can Be Traded with a Metatrader 5 Broker?
- How much does it cost to use Metatrader 5?
- Metatrader 5 Brokers: Who Are They For?
- What are the alternatives to Metatrader 5?
- The features offered by Metatrader 5
- How to Open a Metatrader 5 Account
- How to Use Metatrader 5
- Our Advice for Choosing the Best Metatrader 5 Broker
- FAQ
What is Metatrader 5?
Metatrader 5 is a multi-asset trading platform developed by MetaQuotes Software, launched in 2010, and designed for activities such as Forex, CFD, and stock trading. It serves both retail and professional traders in South Africa, providing essential tools like real-time order execution, advanced technical analysis with a wide range of built-in indicators, as well as support for both manual and automated trading strategies using Expert Advisors and custom scripts. Metatrader 5 is compatible with the majority of brokers operating in the region and can be accessed via desktop (Windows, macOS), mobile (iOS, Android), or directly through web browsers.
The platform remains popular despite newer alternatives due to its straightforward interface, proven stability, and a robust global ecosystem featuring an active community, an extensive marketplace for custom indicators and trading robots, and a flexible environment for developing and applying diverse strategies. Today, Metatrader 5 continues to be a relevant and trusted choice for South African traders seeking reliability and versatility in the dynamic trading landscape.
What Is a Metatrader 5 Broker?
A broker Metatrader 5 is a financial intermediary that enables traders to access the Metatrader 5 trading platform, offering technical infrastructure, real-time market data, and efficient order execution services in line with South African financial regulations. Not all brokers support Metatrader 5, as compatibility requires dedicated integration and technology to ensure secure and compliant access.
- a trading account with unique credentials to log in to the Metatrader 5 platform
- access to a broad range of asset classes, including forex, indices, commodities, cryptocurrencies, and shares via CFDs
- transparent trading conditions, specifying spreads, available leverage, fee structure, and order execution policy
- support for core Metatrader 5 features such as automated trading (expert advisors), conditional order types, advanced charting tools, and analytic resources
Many traders in South Africa prefer brokers that support Metatrader 5, as the platform’s versatility, reliability, and comprehensive feature set often surpass those of most proprietary trading solutions.
Why choose a broker offering Metatrader 5?
Selecting a broker that provides Metatrader 5 offers substantial benefits to both novice and experienced traders in South Africa. The platform is renowned for its reliability, technologically robust environment, and worldwide adoption in the trading community. Its strong track record and compatibility with South African regulatory standards make it an appealing choice for those seeking a secure and accessible trading experience.
Advantages
✅ Broad range of markets including forex, indices, commodities, and shares via CFDs
✅ Modern interface with advanced charting and analysis tools
✅ Support for automated trading using Expert Advisors and custom scripts
✅ Accessible across devices (desktop, web, mobile) for flexible trading
✅ Backed by significant user and developer communities providing resources and support
Disadvantages
❌ Initial complexity may challenge trading beginners
❌ Full feature access often requires installation of desktop software
❌ Some functionality may depend on broker-specific or local regulatory constraints
❌ Advanced automation setups may require additional learning and programming skills
In summary
Metatrader 5 brokers represent a reliable and resource-rich option for South African traders seeking an industry-standard platform that supports both everyday trading and advanced strategies in a locally regulated environment.
What Assets Can Be Traded with a Metatrader 5 Broker?
Brokers offering Metatrader 5 in South Africa provide access to a broad range of financial instruments, most commonly through Contracts for Difference (CFDs). This approach enables traders to speculate on price movements of various asset classes without taking direct ownership of the underlying instruments.
| Category | Example Assets | Access Type | Interest with Metatrader 5 |
|---|---|---|---|
| Forex | USD/ZAR, EUR/USD, GBP/USD | Currency CFDs | High liquidity, extensive market hours |
| Indices | JSE Top 40, S&P 500, DAX 40 | Index CFDs | Market breadth, exposure to economic news |
| Commodities | Gold, Brent Oil, Platinum | Commodity CFDs | Hedge strategies, diversification |
| Cryptocurrencies | Bitcoin, Ethereum, Litecoin | Crypto CFDs | Volatility, alternative asset exposure |
| Stocks | Naspers, Sasol, Apple (CFD only) | Equity CFDs | Global shares access, shorting potential |
Currency pairs (Forex)
With Metatrader 5, forex trading is highly flexible. Brokers typically offer a diverse selection of major, minor, and local pairs. CFD trading enables leverage and competitive spreads across both international and ZAR-denominated currencies.
- USD/ZAR
- EUR/USD
- GBP/USD
- AUD/JPY
Stock indices
Indices can be traded through CFDs replicating the price movement of entire markets. In South Africa, this includes local indices as well as major global ones. Traders benefit from exposure to broader economic shifts rather than individual stocks.
- JSE Top 40
- S&P 500
- DAX 40
- FTSE 100
Commodities
Commodity CFDs on Metatrader 5 allow speculation on resources important to both global and regional economies. These instruments are often used for diversifying portfolios or hedging against inflation and geopolitical risk.
- Gold
- Brent Oil
- Platinum
- Silver
Cryptocurrencies
Some brokers in South Africa facilitate cryptocurrency CFD trading, enabling speculation on digital asset prices without managing wallets or storage. The high volatility of these instruments is attractive for short-term strategies.
- Bitcoin (BTC/USD)
- Ethereum (ETH/USD)
- Litecoin (LTC/USD)
Stock CFDs
Metatrader 5 supports trading of single stocks as CFDs, offering leverage and the ability to profit from rising or falling markets. Brokers may list both local shares and major international names.
- Naspers (JSE)
- Sasol (JSE)
- Apple (NASDAQ)
- Anglo American (JSE)
How much does it cost to use Metatrader 5?
For most individual traders in South Africa, access to Metatrader 5 is provided free of charge through an online broker. There is typically no direct fee to use the platform itself; instead, trading costs arise mainly from the broker's pricing structure. This means expenses are determined by broker terms, not by Metatrader 5 directly.
| Fee Type | Explanation |
|---|---|
| Spread | The difference between the buy and sell price; a core cost on each trade. |
| Commission | Some brokers charge a set fee per trade, often for lower spread or ECN accounts. |
| Swap/Overnight Fees | Charges or credits for holding positions overnight, common in forex and leveraged products. |
| Inactivity Fees | Fees that may apply if your trading account remains unused for a specific period. |
| Deposit/Withdrawal Fees | Costs for funding your account or making withdrawals, varying with broker and payment method. |
In addition to broker fees, traders may encounter optional or extra costs when using Metatrader 5, especially if choosing advanced tools or external services.
- Paid Expert Advisors (EAs) for automating trading strategies
- Custom indicators or scripting tools
- VPS (Virtual Private Server) rental for uninterrupted automated trading
- Subscriptions for premium data feeds or trading signals
Metatrader 5 Brokers: Who Are They For?
Brokers offering Metatrader 5 in South Africa are suitable for a broad spectrum of trader profiles, from those starting their trading journey to seasoned professionals. The flexibility, user-friendly interface, and advanced capabilities of Metatrader 5 provide access to essential tools for both learning and sophisticated market strategies.
Trader profiles
| Profile | Characteristics | Relevance of Metatrader 5 |
|---|---|---|
| Beginner | New to trading, values simplicity and educational resources | Intuitive layout, easy access to demo accounts, step-by-step guides, and risk management tools |
| Intermediate | Understands the basics, seeks to explore new strategies and analysis | Robust technical indicators, ability to customise charts, intermediate order management options |
| Expert | Uses advanced analytics, automation, and trades across asset classes | Supports algorithmic trading, custom scripting, portfolio management, and wide asset coverage |
Metatrader 5 is especially well-suited for South African traders interested in the Forex and CFD markets, offering deep analytical resources, diverse order types, and comprehensive charting options. Technical traders benefit from its customisability, while its range for local equities or specialised derivatives may be limited compared to some dedicated South African platforms.
Compatible objectives and strategies
| Strategy | Description | Why Metatrader 5 is suitable |
|---|---|---|
| Scalping | High-frequency, quick trades to capture small price movements | Fast execution, advanced order types, and tick chart support |
| Day trading | Opening and closing positions within a single trading day | Live data feeds, multi-chart layouts, efficient trade tools |
| Swing trading | Holding trades for days to capture medium-term trends | Strong technical analysis, adaptable timeframes |
| Automated trading | Using algorithms to execute trades automatically | Native support for EAs, powerful backtesting, MQL5 language |
| Multi-asset trading | Diversifying across currencies, indices, and commodities | Broad market coverage and seamless management in one place |
In summary, Metatrader 5 delivers versatility and in-depth tools, making it a suitable platform for a wide range of trading styles and skill levels in South Africa.
What are the alternatives to Metatrader 5?
While Metatrader 5 is a recognised industry standard for trading in South Africa, several other platforms are available, either developed by rival companies or created as proprietary solutions by local and global brokers. These options may be preferable for traders seeking modern features, spot market access, or a more visual and interactive trading environment.
| Platform | Developed by | Key strengths | Target audience | Brokers |
|---|---|---|---|---|
| Metatrader 5 | MetaQuotes | Automation, multiscript support, popular in FX/CFD | Algo and technical traders, experienced traders | Exness, FXTM, IG, local FX brokers |
| cTrader | Spotware Systems | Transparent pricing, advanced charting, fast order execution | Active traders, scalpers, those seeking ECN feel | Pepperstone, FxPro, IC Markets |
| TradingView | TradingView Inc. | Web-based, powerful charts, trading community | Visual traders, strategists, collaborative users | OANDA, Capital.com, international brokers |
| Proprietary platforms | Local brokers | Simple to use, focused on SA regulatory context | Beginners, clients of major SA banks/brokers | Standard Bank, FNB, Nedbank |
| ProRealTime | IT-Finance | Technical analysis tools, advanced scripting | Experienced swing and position traders | IG, Interactive Brokers, global brokers |
Key takeaway
Metatrader 5 remains a versatile and trusted platform, especially valuable for traders using robots or custom scripts to automate their trading strategies.
The features offered by Metatrader 5
| Feature | Description |
|---|---|
| ⚡ Real-time trading | Instant access to live market prices and fast order execution across a wide range of asset classes. |
| 📊 Technical analysis tools | Over 80 native indicators, support for custom scripts, and comprehensive drawing features for analysis. |
| 🤖 Automated trading | Integration of Expert Advisors (EAs), custom scripts, and strategy backtesting for algorithmic trading. |
| 📈 Interactive charts | Multiple chart types, flexible timeframes, and advanced chart customisation for detailed market insight. |
| 🔔 Alerts | Customisable sound, email, and push notification alerts based on price levels or technical conditions. |
| 🔒 Security | Encrypted data transmission and secure authentication to protect user accounts and trade information. |
| 📱 Multi-device compatibility | Seamlessly trade via desktop, web browser, or dedicated mobile app for trading flexibility. |
Metatrader 5 provides traders in South Africa with an advanced real-time trading environment. Its order management supports instant execution and automation of risk control through tools like stop loss, take profit, and trailing stop — essential for protecting capital in volatile markets.
The platform features a comprehensive suite of technical analysis tools, including more than 80 built-in indicators and the ability to add custom indicators. Drawing tools like trend lines, channels, and Fibonacci retracements enhance detailed chart analysis, benefiting both short- and long-term strategies.
Metatrader 5’s interactive charts allow users to analyse markets using multiple chart styles and timeframes. This flexibility supports various trading approaches and visual preferences, enabling traders to adapt to changing conditions.
Automated trading is a central feature, with integrated support for Expert Advisors (EAs). Traders can automate their strategies and use the built-in backtesting module to evaluate algorithmic approaches under authentic historical conditions.
The alert system helps traders stay informed of important market events with sound, email, or push notifications. These custom alerts allow prompt responses to rapidly changing prices or technical setups.
Security is a priority through encrypted connections and authentication protocols, helping to safeguard account details and transaction information on any connected device. With cross-platform support, Metatrader 5 enables traders to manage accounts from desktop, mobile, or web, providing consistency and flexibility regardless of location.
For these reasons, Metatrader 5 is respected by both beginner and experienced traders seeking reliability and a full set of trading features within a single platform.
How to Open a Metatrader 5 Account
Opening a Metatrader 5 account is completed through a broker offering the platform within South Africa. Upon registering with a chosen broker and completing all required steps, traders receive login credentials to access Metatrader 5 on their preferred device.
| Step | Description |
|---|---|
| Choose a broker | Select a FSCA-regulated South African broker that provides Metatrader 5 access. |
| Fill in the registration form | Complete the broker’s online registration form with your personal and contact details. |
| Verify identity (KYC) | Submit required identification and proof of address documents to comply with South African KYC laws. |
| Select account type | Decide between opening a demo account for practice or a live account for real-money trading. |
| Download Metatrader 5 | Install Metatrader 5 on your desktop, web browser, or mobile device. |
| Log in with broker credentials | Use the login details provided by your broker to access your Metatrader 5 trading account. |
| Make your first deposit | Fund your live account using an approved deposit method once the setup and verification are complete. |
Tip
It is advisable to begin with a demo account to get used to Metatrader 5’s features and trading environment before moving on to live trading with actual funds.
How to Use Metatrader 5
Metatrader 5 is a complete and advanced trading platform designed to manage all aspects of your trading activities across diverse financial markets. This guide will walk you through, step by step, how to use Metatrader 5 efficiently—suitable for beginner and intermediate traders in South Africa looking to navigate, analyse, and execute trades with confidence.
Search for an asset on Metatrader 5
- Open the Market Watch panel on the left side of your screen.
- Right-click anywhere inside the Market Watch window and select Symbols to see all available assets.
- Use the search feature or expand instrument groups (including forex pairs like USD/ZAR or indices commonly traded in South Africa).
- Double-click any asset to add it to your Market Watch panel for easy access.
Use indicators on Metatrader 5
- Go to the Navigator panel or click the Insert menu at the top of the platform.
- Select Indicators and browse categories such as Trend, Oscillators, and Volumes.
- Drag and drop the selected indicator onto your chart, or right-click and select Attach to chart.
- Adjust indicator settings if required, then click OK for application.
- The indicator will now display on your chart in real time.
Place an order with Metatrader 5
- In Market Watch, right-click on your selected asset and choose New Order; alternatively, click the New Order button in the top toolbar.
- Choose your order type (Market Execution or Pending Order).
- Enter important trade parameters:
- Volume (e.g., 0.10 lots)
- Stop Loss
- Take Profit
- Review order details, then click Buy or Sell to execute the trade.
Placing a buy order: A practical example
Practical example: To place a buy order on EUR/USD, choose EUR/USD in Market Watch, click New Order, set volume to 0.10 lots, stop loss at 1.0910, and take profit at 1.1010. Once executed, your trade will appear in the Terminal tab, making it easy to track or modify. Metatrader 5 also offers one-click trading for instant order execution directly from your chart—beneficial for active traders and scalpers operating in fast South African markets.
Our Advice for Choosing the Best Metatrader 5 Broker
Not all Metatrader 5 brokers are equal. To make an informed choice, South African traders should carefully compare technical, financial, and regulatory factors. The goal is to choose a reliable broker that fits your individual trading profile and strategy.
| 🔎 Criterion / Advice | Description | Why it matters |
|---|---|---|
| 🛡️ Regulation | FSCA licensing, plus oversight by credible global authorities. | Protects your funds and ensures legal compliance. |
| ⚡ Execution type | Market/instant execution, ECN/STP or dealing desk models. | Impacts trading speed, slippage, and transparency. |
| 💸 Spreads and fees | Review spreads, commissions, rollover (swap) rates and other costs. | Directly affects your trading costs and long-term profitability. |
| 📉 Leverage | Maximum leverage offered, within South African legal limits. | Governs margin needs, position size, and potential risk. |
| 🌍 Available assets | Variety across forex pairs, commodities, indices, and local stocks. | Supports diverse trading strategies and market access. |
| 🔄 MT4 tool compatibility | Ability to import and use MetaTrader 4 indicators/EAs. | Simplifies transition for traders moving from MT4 to Metatrader 5. |
| 🎮 Demo account availability | Free demo account, unlimited access and real-time testing. | Lets you practise trading and test strategies risk-free. |
| 💬 Customer service | Support available in English, accessible via local channels. | Ensures prompt help for issues and questions—vital in live trading. |
| 🧪 Platform testing advice | Test features and execution quality on demo before real trading. | Confirms reliability and suitability before depositing funds. |
Tip
Always look beyond marketing claims—objectively compare all criteria and thoroughly test the broker’s Metatrader 5 offering on a demo account before trading live.
FAQ
Why choose a broker offering Metatrader 5 rather than another type of platform?
Metatrader 5 is recognised for its advanced trading tools, multi-asset support, and flexible automation features. It has a strong reputation among South African traders for reliability and accessibility. Its popularity ensures you get access to resources, support, and wide broker compatibility.
How to install Metatrader 5 and connect to my broker account?
Download Metatrader 5 from the official MetaQuotes website or your broker’s own site. Install the software, open it, and select “Login to Trade Account.” Use the login details and server information provided by your broker. Most South African brokers offer clear setup instructions.
What types of assets can I trade with a Metatrader 5 broker?
Depending on your broker, you can trade forex, indices, commodities, shares, and in some cases, cryptocurrencies. The exact asset offering will vary between South African brokers. Always check your broker’s list of available instruments before you begin trading.
Are Metatrader 5 brokers regulated and reliable?
Look for brokers that are authorised by the Financial Sector Conduct Authority (FSCA) in South Africa. Regulation helps protect your funds, ensures transparency, and sets standards for fair trading. Verify your broker’s FSCA registration for security and peace of mind.
Can I trade on Metatrader 5 from a mobile or tablet?
Yes, there are free Metatrader 5 apps for Android and iOS devices. You can monitor markets, place orders, and access charting tools from anywhere. Mobile access is especially useful for South African traders needing to stay connected on the go.
What fees should I expect with a Metatrader 5 broker (spread, commission, swap)?
Metatrader 5 brokers typically charge spreads, possible commissions depending on account type or asset, and swap fees for holding positions overnight. South African brokers must disclose their fee structure—always review their terms so you understand all costs before trading.
Why choose a broker offering Metatrader 5 rather than another type of platform?
Metatrader 5 is recognised for its advanced trading tools, multi-asset support, and flexible automation features. It has a strong reputation among South African traders for reliability and accessibility. Its popularity ensures you get access to resources, support, and wide broker compatibility.
How to install Metatrader 5 and connect to my broker account?
Download Metatrader 5 from the official MetaQuotes website or your broker’s own site. Install the software, open it, and select “Login to Trade Account.” Use the login details and server information provided by your broker. Most South African brokers offer clear setup instructions.
What types of assets can I trade with a Metatrader 5 broker?
Depending on your broker, you can trade forex, indices, commodities, shares, and in some cases, cryptocurrencies. The exact asset offering will vary between South African brokers. Always check your broker’s list of available instruments before you begin trading.
Are Metatrader 5 brokers regulated and reliable?
Look for brokers that are authorised by the Financial Sector Conduct Authority (FSCA) in South Africa. Regulation helps protect your funds, ensures transparency, and sets standards for fair trading. Verify your broker’s FSCA registration for security and peace of mind.
Can I trade on Metatrader 5 from a mobile or tablet?
Yes, there are free Metatrader 5 apps for Android and iOS devices. You can monitor markets, place orders, and access charting tools from anywhere. Mobile access is especially useful for South African traders needing to stay connected on the go.
What fees should I expect with a Metatrader 5 broker (spread, commission, swap)?
Metatrader 5 brokers typically charge spreads, possible commissions depending on account type or asset, and swap fees for holding positions overnight. South African brokers must disclose their fee structure—always review their terms so you understand all costs before trading.
