MetaTrader 5 Help

Open an Account

Open an Account

Two types of accounts are available in the trading platform: demonstration (demo) and real. Demo accounts provide the opportunity to work in a training mode without real money, allowing to test a trading strategy. They feature all the same functionality as the live ones. The difference is that demo accounts can be opened without any investment and, therefore, one cannot expect to profit from them.

Demo Account Opening

Click "Open an Account Open an Account" in the File menu or in the context menu of the Navigator window.

Select a server to open an account

The account opening procedure consists of several steps:

Select a Server

A trade server, on which an account will be opened, is selected on the first step. The list of servers contains the server name, company name and ping time. Smaller ping provides smaller network latency between the platform and the server. Connection speed can be measured by clicking on the "Scan" button. Select the server and click Next.

If you cannot find the required server in the list, click "Add new server add new broker" or press "Insert". Next, specify the server details in one of the below ways and press "Enter":

  • Enter the address and port separated by a colon. For example, 192.168.0.100:443;
  • Type its domain name and port separated by a colon. For example, access.metrader5.com:443;
  • Specify the exact name of the brokerage company.

To delete a server, select it and press "Delete".

Account Type

Enter the details of your existing account or create a new one.

Choose account type

In this option, enter the appropriate account details in fields "Login" and "Password". A server selected at the previous step is displayed below these fields. Upon clicking "Finish" you will be authorized through the specified account on the specified server.

By clicking "Next" in this option, you proceed to entering personal details for a new demo account.

By selecting this option, you proceed to entering personal details to send a request for a new real account.

Personal Details

Enter your personal details:

Personal details

Personal Details

  • Name — the name of the user, no less than eight characters.
  • Email — email address, e.g. "smith@company.net".
  • Phone — contact phone number in international format. Example: +74951234567.

Account Parameters

  • Use hedge in trading — enable the option if you want to open an account with the hedging position accounting system, which allows having multiple open positions of the same symbol, including opposite positions. Otherwise an account with the netting system will be opened. The option affects account types available for selection.
  • Account Type — select a type from the drop down list.
  • Deposit — the initial deposit in the basic currency. Selected from a drop down list.
  • Currency — this field cannot be edited, the deposit currency is indicated here. This parameter depends on the account type specified.
  • Leverage — ratio between borrowed and owned funds for trading; Select one of the available variants from the drop down list.

Next please confirm that you agree to receive newsletters at the specified email address. Tick "I agree to subscribe to your newsletters". After that the "Next" button becomes active. An account is created upon a click on this button.

Account Registration

Once an account is created on a selected server, details will be shown in the dialog window:

Account connection details are provided in the last step

The upper part of the window contains brief information about the account; the lower part shows its details:

  • Login — the number of the opened account.
  • Password — a password to access the account. This is a master password, which allows trading from this account.
  • Investor — investor password. The password allows connecting to the account to view its state and analyze price dynamics, but it does not allow trading.

After clicking Finish, the newly created account is automatically connected to the trade server. It also appears in the Accounts section of the Navigator window. If you click Cancel in this window, connection to the trade server is not performed and the account is not added to the Navigator window, though it is already created. You can connect to the server later using the account details.

If you have any problems with registration, please contact your broker's technical support team.

Live Account Opening

Live accounts, unlike demo, cannot be opened straight from the platform. They can only be opened by brokerage companies under certain terms and conditions. However, a real account request can be sent to a broker from the trading platform.

This can be done by specifying "New real account" in the account type selection step. Next specify your personal details, like when you open a demo account. A preliminary account is opened then on the broker's server. This account is created with a zero balance; and trading from it is disabled.

Soon after opening the preliminary account, a representative of the brokerage company will contact you to finish the procedure of real account opening. After that the preliminary account is converted to the real one, and you can start trading from it.

An informational email is additionally sent to you via the internal mailing system when a preliminary account is opened.

Real accounts are marked with a golden icon Live account in the "Accounts" section of the Navigator window.