- 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.
- 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.
- 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 AvaFutures reliable?
AvaFutures 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 AvaFutures?
AvaFutures 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: AvaFutures adapts to you.
What are the fees at AvaFutures?
AvaFutures 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 AvaFutures for?
AvaFutures 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, AvaFutures is an excellent choice.
Is it easy to withdraw money from AvaFutures?
Yes, AvaFutures 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 AvaFutures reliable?
AvaFutures 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 AvaFutures?
AvaFutures 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: AvaFutures adapts to you.
What are the fees at AvaFutures?
AvaFutures 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 AvaFutures for?
AvaFutures 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, AvaFutures is an excellent choice.
Is it easy to withdraw money from AvaFutures?
Yes, AvaFutures 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.
- What Is Metatrader 5?
- What Is a Metatrader 5 Broker?
- Why choose a broker offering Metatrader 5?
- The Assets You Can Trade with a Metatrader 5 Broker
- How Much Does It Cost to Use Metatrader 5?
- Who Are Metatrader 5 Brokers For?
- Alternatives to Metatrader 5 Brokers
- The features of Metatrader 5
- How to Open a Metatrader 5 Account
- How to Use Metatrader 5
- How to Choose the Best Metatrader 5 Broker
- FAQ
- On the same topic
What Is Metatrader 5?
Metatrader 5 is a comprehensive trading platform developed by MetaQuotes Software and launched in 2010, designed to support a wide range of financial markets including forex, CFDs, and stocks. It caters to both retail and professional traders in New Zealand, offering essential features such as real-time order execution, advanced technical analysis with numerous indicators, and the flexibility to use either manual trading or automated strategies via Expert Advisors and custom scripts. Metatrader 5 is compatible with many New Zealand-registered brokers and is accessible on desktop (Windows, macOS), mobile devices (iOS, Android), and web browsers.
Despite the availability of newer platforms, Metatrader 5 remains popular due to its ease of use, solid stability, and a large, active community that provides a wide selection of custom indicators and trading robots. Today, Metatrader 5 continues to be a trusted and highly relevant platform for New Zealand traders, valued for its reliability, flexibility, and well-established support ecosystem.
What Is a Metatrader 5 Broker?
A broker Metatrader 5 is a regulated financial institution in New Zealand that grants traders access to the Metatrader 5 platform, enabling trading with real-time market data, robust order execution, and the necessary technical infrastructure. Not all brokers in the New Zealand market are compatible with Metatrader 5, as this requires dedicated integration and adherence to both technical standards and local regulations.
- a trading account with unique login credentials for secure access to Metatrader 5
- access to a diverse selection of tradable assets, including forex, indices, commodities, cryptocurrencies, and shares via CFDs
- transparent trading conditions, outlining spreads, leverage, available fees, and the model of order execution
- support for essential Metatrader 5 features such as automated trading (Expert Advisors), conditional order types, advanced charting tools, and analytical resources
Traders in New Zealand often opt for brokers with Metatrader 5 due to its comprehensive functionality, flexibility, and the familiarity of a platform trusted worldwide, often finding it better suited to both beginners and advanced users than many proprietary trading solutions.
Why choose a broker offering Metatrader 5?
Choosing a broker that offers Metatrader 5 is a sound decision for traders in New Zealand, as the platform is well regarded for its reliability, advanced functionality, and broad popularity among both retail and institutional traders. Metatrader 5 is often partnered with New Zealand-regulated brokers, providing confidence in local compliance and global standards.
Advantages
✅ Wide access to a range of markets such as forex, indices, shares, and commodities via CFDs
✅ Advanced charting tools and customisable technical analysis features
✅ Full support for automated trading through Expert Advisors and algorithmic scripts
✅ Multi-device compatibility, enabling trading from desktop, web, and mobile platforms
✅ Strong backing from a global trader and developer community
Disadvantages
❌ Can be overwhelming for beginners due to its technical depth
❌ Requires software updates and periodic maintenance for optimal use
❌ Some features may be subject to local regulatory restrictions or broker-specific policies
❌ Efficient use of automation and custom scripts demands additional technical know-how
In summary
Brokers offering Metatrader 5 in New Zealand provide both new and seasoned traders with a secure, flexible platform that supports in-depth analysis, automated trading, and access to global markets while aligning with local regulatory requirements.
The Assets You Can Trade with a Metatrader 5 Broker
Brokers supporting Metatrader 5 in New Zealand grant traders access to a diverse range of asset classes, primarily via Contracts for Difference (CFDs). This approach allows market participants to speculate on price fluctuations of major financial instruments without actually owning the underlying assets, providing flexibility for both directional trading and hedging strategies.
| Category | Example Assets | Access Type | Interest with Metatrader 5 |
|---|---|---|---|
| Forex | NZD/USD, AUD/NZD, EUR/USD | Forex CFDs | High liquidity, wide pair selection, leverage |
| Indices | NZX 50, S&P 500, FTSE 100 | Index CFDs | Broader market exposure, macro strategies |
| Commodities | Gold, Crude Oil, Dairy Futures | Commodity CFDs | Inflation hedge, macro trends, portfolio balance |
| Cryptocurrencies | Bitcoin, Ethereum, Ripple | Crypto CFDs | 24/7 trading, volatility, no digital wallet needed |
| Stocks | Air New Zealand, Apple, BHP (CFD only) | Stock CFDs | Trade local and global names, short/leveraged |
Currency pairs (Forex)
Forex remains the cornerstone of the Metatrader 5 platform, with New Zealand brokers offering CFDs on a broad spectrum of currency pairs. Expect access to major, minor, and exotic crosses, usually with competitive spreads and various leverage options. Typical pairs offered:
- NZD/USD
- AUD/NZD
- EUR/USD
- USD/JPY
Stock indices
CFDs on leading international and regional indices are accessible through Metatrader 5, enabling traders to express views on entire markets or economic sectors without exposure to individual stocks. Key indices include:
- NZX 50 (New Zealand)
- S&P 500 (United States)
- FTSE 100 (United Kingdom)
- ASX 200 (Australia)
Commodities
Metatrader 5 allows trading of commodity CFDs, covering precious metals, energy, and agricultural products. These instruments are useful for diversification and hedging against broader economic risks. Common examples:
- Gold (XAU/USD)
- Crude Oil (WTI, Brent)
- Dairy Futures (relevant to NZ markets)
- Silver (XAG/USD)
Cryptocurrencies
A number of brokers provide CFD trading on major cryptocurrencies, enabling speculation on digital asset prices without managing wallets or exchanges. Crypto trading is available long and short, often with leverage. Notable cryptocurrencies:
- Bitcoin (BTC/USD)
- Ethereum (ETH/USD)
- Ripple (XRP/USD)
- Litecoin (LTC/USD)
Stock CFDs
Metatrader 5 supports single-stock CFD trading, offering exposure to a selection of domestic and global equities. Traders can speculate on price rises or falls, use leverage, and diversify across markets. Representative shares:
- Air New Zealand (AIR.NZ)
- Apple (AAPL)
- BHP Group (BHP.AX)
- Fisher & Paykel Healthcare (FPH.NZ)
How Much Does It Cost to Use Metatrader 5?
For most individual traders in New Zealand, Metatrader 5 is offered free of charge through partnering brokers. You generally will not pay to use the platform itself; costs typically arise from the broker’s trading conditions rather than any direct fees associated with Metatrader 5.
| Fee Type | Explanation |
|---|---|
| Spread | The difference between bid and ask prices; included as a cost in every trade and set by broker. |
| Commission | A separate fee per trade, especially with accounts offering tight spreads or ECN execution. |
| Swap/Overnight Fees | Interest charged or credited for holding positions overnight, applicable mainly in leveraged trading. |
| Inactivity Fees | Possible charge if an account remains unused for a certain period, depending on broker policy. |
| Deposit/Withdrawal Fees | Fees for adding to or taking money out of your trading account, which vary by broker and method. |
Beyond standard trading and account charges, traders may encounter optional or additional expenses when using Metatrader 5, depending on their needs for automation or third-party services.
- Paid Expert Advisors (automated trading tools)
- Custom indicators and analytical scripts
- VPS (Virtual Private Server) rental for 24/7 trading operations
- Subscriptions for advanced market data or premium trading signals
Who Are Metatrader 5 Brokers For?
Brokers offering Metatrader 5 are well-suited to a wide variety of trader profiles in New Zealand, ranging from those just starting out to highly experienced market participants. The platform’s combination of flexible tools, intuitive user experience, and advanced analytical features caters to learners and professionals, supporting both educational growth and sophisticated trading.
Trader profiles
| Profile | Characteristics | Relevance of Metatrader 5 |
|---|---|---|
| Beginner | New to trading, values simplicity and support | Easy-to-navigate interface, demo accounts, comprehensive learning resources |
| Intermediate | Some experience, looking to deepen analysis and test new methods | Wide range of technical indicators, custom charting, strategic order types |
| Expert | Uses advanced strategies, automation, and cross-asset portfolios | Powerful scripting (EAs), in-depth backtesting, support for multiple asset classes |
Metatrader 5 is particularly suitable for NZ traders participating in Forex and CFD markets, thanks to its fast execution, advanced analytics, and robust risk management tools. Technical traders will appreciate the diverse charting capabilities, though access to direct NZX-listed shares or specialised local instruments can be limited compared to dedicated New Zealand trading platforms.
Compatible objectives and strategies
| Strategy | Description | Why Metatrader 5 is suitable |
|---|---|---|
| Scalping | Very short-term trades to capture small price changes | Fast trade execution, precision order management |
| Day trading | Multiple trades opened and closed in one session | Live market data, customisable charts, rapid execution |
| Swing trading | Holding trades to capture medium-term price movements | Multi-timeframe tools, advanced indicators |
| Automated trading | Deploying trading robots or scripts | Built-in MQL5 programming, EA marketplace, backtesting |
| Multi-asset strategies | Trading in various asset classes for diversification | Single platform access to Forex, CFDs, commodities |
Overall, Metatrader 5 offers the versatility and depth required to support a range of trading styles and experience levels in the New Zealand market.
Alternatives to Metatrader 5 Brokers
While Metatrader 5 is a recognised benchmark among trading platforms, there are several other alternatives available to New Zealand traders, either developed by industry competitors or offered as proprietary solutions from local or global brokers. These platforms can be attractive for those seeking modern features, spot market access, or a more visual trading experience.
| Platform | Developed by | Key strengths | Target audience | Brokers |
|---|---|---|---|---|
| Metatrader 5 | MetaQuotes | Advanced automation, broad market access, scripting | Technical traders, algo users, portfolio traders | BlackBull Markets, CMC Markets |
| cTrader | Spotware Systems | Fast execution, ECN model, depth of market | Active Forex/CFD traders, scalpers | BlackBull Markets, Pepperstone, FxPro |
| TradingView | TradingView Inc. | Powerful charting, social trading, web-based | Visual traders, strategists, community-focused | Capital.com, Interactive Brokers |
| Proprietary platforms | Individual brokers | Local integration, tailored features, easy access | New traders, investors preferring simplicity | ASB Securities, ANZ Securities, CMC Markets |
| ProRealTime | IT-Finance | Advanced analytics, backtesting, real-time data | Technical analysts, system traders | IG, Interactive Brokers |
Key takeaway
Metatrader 5 remains a versatile and reliable platform, especially valued by traders who require automation or develop custom trading scripts.
The features of Metatrader 5
| Feature | Description |
|---|---|
| 🕒 Real-time trading | Live price feeds and instant order execution across various financial instruments |
| 📊 Technical analysis tools | More than 80 built-in indicators, drawing tools, and support for custom technical studies |
| 🤖 Automated trading | Integration of Expert Advisors, custom scripts, and robust backtesting functions |
| 📈 Interactive charts | Multiple chart types, timeframes, and personalised analytic options for comprehensive review |
| 🚨 Alerts | Customisable alerts via sound, email, or push notification for key market or price events |
| 🔒 Security | Secure data encryption and advanced user authentication for account protection |
| 📱 Multi-device compatibility | Trade via desktop, web platform, and mobile apps for seamless access anywhere |
Metatrader 5 provides New Zealand traders with a real-time trading environment, offering immediate order execution and access to live market prices across diverse financial assets. Order management tools such as stop loss, take profit, and trailing stop help traders minimise risk and automate their exit strategies efficiently.
In terms of technical analysis, Metatrader 5 supplies an extensive set of over 80 built-in indicators and drawing tools. Users can also add custom indicators, enabling their analysis to align with personal strategies or unique trading requirements.
The platform's charting capabilities feature interactive charts with a range of timeframes and formats, supporting in-depth visual analysis. Traders benefit from the ability to overlay multiple studies, annotate charts, and adapt layouts for individual preferences.
Automated trading is supported through Expert Advisors and scripts that execute strategies systematically. With built-in backtesting, traders can evaluate the historical performance of automated systems before trading live.
Alert systems keep users informed of critical price movements or indicator signals by delivering notifications through sound, email, or push alerts to mobile devices. Security is maintained by robust encryption and multi-factor authentication, helping to ensure safe account access and trade execution.
Multi-device compatibility means New Zealand users can manage their Metatrader 5 account from a desktop, browser, or smartphone, providing the flexibility to monitor and act on markets from anywhere.
This comprehensive feature set explains why Metatrader 5 is valued by both beginner and experienced traders in the local market.
How to Open a Metatrader 5 Account
Opening a Metatrader 5 account is done through a broker offering the platform in New Zealand. After completing registration and identity verification with the broker, traders receive login credentials to access Metatrader 5 on their preferred device.
| Step | Description |
|---|---|
| Choose a compatible broker | Select a broker licensed to operate in New Zealand and supporting Metatrader 5. |
| Fill in the registration form | Complete the broker’s online application with your personal and contact details. |
| Verify identity (KYC) | Provide proof of identity and address as required by KYC regulations in NZ. |
| Select account type | Decide between a demo account (practice) or a live account (real trading). |
| Download Metatrader 5 | Install Metatrader 5 on your desktop, web browser, or mobile device. |
| Log in with broker credentials | Use the credentials provided by your broker to access your Metatrader 5 account. |
| Make the first deposit | Deposit funds into your live account if you wish to start real trading. |
Tip
Tip: Start with a demo account to get familiar with Metatrader 5’s features and trading environment before moving on to a live account with real money.
How to Use Metatrader 5
Metatrader 5 is a comprehensive platform that allows you to manage all aspects of trading operations. This guide will outline step-by-step how you can use Metatrader 5 efficiently, helping New Zealand traders navigate the platform with confidence.
Search for an asset on Metatrader 5
- Open the Market Watch window on the left of your screen.
- Right-click anywhere inside Market Watch and select Symbols to view all trading instruments.
- Use the search bar to quickly find the asset you need, such as NZD/USD, stocks, or commodities.
- Double-click your chosen asset to add it to Market Watch for easy access and monitoring.
Use indicators on Metatrader 5
- Open the Navigator panel or use the Insert menu at the top.
- Go to Indicators and browse by type (Trend, Oscillators, Volumes, etc.).
- Drag and drop the desired indicator onto your chart, or right-click and select Attach to chart.
- Adjust the indicator’s settings as needed, and click OK.
- The indicator will be displayed directly on your chart for live analysis.
Place an order with Metatrader 5
- In Market Watch, right-click on your selected asset, then choose New Order, or click the New Order button in the main toolbar.
- In the order window, select the type of order (Market Execution or Pending Order).
- Enter key trade parameters:
- Volume (such as 0.10 lots)
- Stop Loss value
- Take Profit value
- Review all details, then click Buy or Sell to submit your order.
Practical example
To place a buy order on EUR/USD, select EUR/USD from Market Watch and open a new order. Set the volume to 0.10 lots, stop loss to 1.0800, and take profit to 1.0900. Once placed, your position will appear in the Terminal, where you can monitor and manage it. Metatrader 5 also has a one-click trading mode, enabling instant order execution directly from the chart—an advantage for active traders and scalpers needing quick action in dynamic markets.
How to Choose the Best Metatrader 5 Broker
Not all Metatrader 5 brokers are created equal. To make a well-informed decision, traders in New Zealand should compare key technical, financial, and regulatory criteria. The main goal is to choose a reliable broker that fits your trading profile and strategy.
| 🔎 Criterion / Advice | Description | Why it matters |
|---|---|---|
| 🛡️ Regulation | Broker is licensed by NZ regulators (FMA) or well-known global bodies. | Protects client funds and ensures compliance with legal standards. |
| ⚡ Execution type | Instant or market execution, pricing model (STP/ECN). | Impacts speed, slippage, and the true cost of trade execution. |
| 💲 Spreads and fees | Transparent commissions and spreads; watch for hidden costs. | Directly affects trading costs and overall profitability. |
| 📊 Leverage | Level of leverage available and its risk controls. | Determines risk exposure and required margin for positions. |
| 🪙 Available assets | Range of forex pairs, CFDs, indices, and local/global assets offered. | Supports portfolio diversification and trading flexibility. |
| 🤝 MT4 tool compatibility | Ability to import and use MT4 EAs or indicators in MT5. | Helps traders migrating from Metatrader 4 to keep strategy tools. |
| 🧑💻 Demo account availability | Broker offers unrestricted demo accounts with live market data. | Enables testing the platform and strategies risk-free. |
| 📞 Customer service | Local support, multi-channel access, and NZ compliance. | Critical for timely assistance and localised problem resolution. |
| 🧪 Platform testing advice | Assess platform stability and order execution with a demo account. | Reveals true performance before any real money is at risk. |
Tip
Look beyond marketing claims—objectively assess each criterion and always test the broker’s Metatrader 5 offering on a demo account before depositing real funds.
FAQ
Why choose a broker offering Metatrader 5 rather than another type of platform?
Metatrader 5 stands out for its comprehensive trading tools, multi-asset support, and advanced features like custom indicators and automated trading. It’s a popular, well-supported platform, making it easier to find resources, integrations, and a wide choice of brokers in New Zealand and internationally.
How to install Metatrader 5 and connect to my broker account?
Download Metatrader 5 from the official MetaQuotes website or your broker’s portal. Install the software, open it, and select “Login to Trade Account.” Enter your broker’s server details and your credentials. Most NZ brokers provide easy-to-follow instructions for setup and login.
What types of assets can I trade with a Metatrader 5 broker?
With a Metatrader 5 broker, you can typically trade forex, indices, commodities, shares, and sometimes cryptocurrencies. The availability of each asset class depends on the individual broker and regulatory permissions in New Zealand. Always check the asset list your chosen broker offers.
Are Metatrader 5 brokers regulated and reliable?
Regulated NZ brokers must comply with rules set by the Financial Markets Authority (FMA), providing safeguards for traders. Before registering with any Metatrader 5 broker, confirm they are authorised to operate in New Zealand to ensure the highest level of reliability and client protection.
Can I trade on Metatrader 5 from a mobile or tablet?
Yes, Metatrader 5 is available as a free app for both iOS and Android. The mobile version supports order placement, real-time price tracking, charting, and account management. This allows you to monitor trades and react to the markets wherever you are in New Zealand.
What fees should I expect with a Metatrader 5 broker (spread, commission, swap)?
Typical fees include spreads, commissions on certain accounts or instruments, and swap rates for overnight positions. Fee structures vary among NZ brokers. Always review your broker’s detailed pricing to understand the full cost of trading before opening a live account.
Why choose a broker offering Metatrader 5 rather than another type of platform?
Metatrader 5 stands out for its comprehensive trading tools, multi-asset support, and advanced features like custom indicators and automated trading. It’s a popular, well-supported platform, making it easier to find resources, integrations, and a wide choice of brokers in New Zealand and internationally.
How to install Metatrader 5 and connect to my broker account?
Download Metatrader 5 from the official MetaQuotes website or your broker’s portal. Install the software, open it, and select “Login to Trade Account.” Enter your broker’s server details and your credentials. Most NZ brokers provide easy-to-follow instructions for setup and login.
What types of assets can I trade with a Metatrader 5 broker?
With a Metatrader 5 broker, you can typically trade forex, indices, commodities, shares, and sometimes cryptocurrencies. The availability of each asset class depends on the individual broker and regulatory permissions in New Zealand. Always check the asset list your chosen broker offers.
Are Metatrader 5 brokers regulated and reliable?
Regulated NZ brokers must comply with rules set by the Financial Markets Authority (FMA), providing safeguards for traders. Before registering with any Metatrader 5 broker, confirm they are authorised to operate in New Zealand to ensure the highest level of reliability and client protection.
Can I trade on Metatrader 5 from a mobile or tablet?
Yes, Metatrader 5 is available as a free app for both iOS and Android. The mobile version supports order placement, real-time price tracking, charting, and account management. This allows you to monitor trades and react to the markets wherever you are in New Zealand.
What fees should I expect with a Metatrader 5 broker (spread, commission, swap)?
Typical fees include spreads, commissions on certain accounts or instruments, and swap rates for overnight positions. Fee structures vary among NZ brokers. Always review your broker’s detailed pricing to understand the full cost of trading before opening a live account.
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