MT5 Client Terminal trading platform and MT5 Server are parts of the Client/Server infrastructure for Brokers to provide brokerage services for clients, who can access and trade on Forex, CFD, Commodities, Futures, DeFi and equity markets. Both manual ( discretionary ) and algorithmic trading styles are supported on MT5 Client Terminal, mobile-based and web-based trading with also built-in and/or 3rd party assisted back-testing analyses tooling available.
MetaTrader 5, also known as MT5, was launched as a new product-line, after well known MetaTrader 4 platform has reached a phase of core-platform re-engineering.
MT5 is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and released in 2005. The software is licensed to foreign exchange brokers who provide, often branded under their respective names, the MT4/5-Terminal software to their clients.
The software consists of both a client and server components. The server-side, multi-host components are run by the broker, typically as a colocated infrastructure as close as possible to their FX-market liquidity provider DataCenter, and the client software is provided to the brokers customers, which use it to see live streaming prices, charts and to place orders as well as manage their account.
MetaQuotes head of sales, Anthony Papaevagorou, has announced MetaQuotes no longer intends to issue upgrades to the MetaTrader 4 (MT4) in favour of further promoting only the MetaTrader 5 (MT5) as the MetaQuotes' sole, flag-ship product [ reported on 2016-11-15 ]