MetaTrader 5 (South Africa)
The newer MetaTrader platform, with more timeframes, depth of market and a built-in economic calendar.
Open an FxPro account →MetaTrader 5 is XM's newer MetaTrader platform, with more timeframes, depth of market and a built-in economic calendar. It uses its own trading-account details from XM, and account conditions still depend on whether you open a Standard, Ultra Low or Shares account.
MetaTrader 5 at XM
- Listed by XM alongside MetaTrader 4 and the XM App (XM website, checked 11 September 2026).
- More chart timeframes and order types than MetaTrader 4, plus depth of market.
- Uses its own trading-account number, password and server name from XM.
- Research on five popular retail signal families (alphaXiv 2607.20093, evidence level C) found none with a proven edge after costs; its leverage scenarios sit far below 1000:1, so it transfers to XM's forex only as a caution — test any rule on a demo first.
Which XM platform should you use?
The side-by-side table of XM’s platforms (pricing model, what each is best for, devices) lives on the MetaTrader 4 page. For MT5 the question is narrower: it adds more chart timeframes, depth of market and a built-in economic calendar over MT4, while the account type, leverage and deposit rules stay the same whichever platform you log into. If your strategy depends on MT4-only expert advisors, stay on MT4; otherwise MT5 is the platform MetaQuotes still develops.
Get started
Download MetaTrader 5 from your client area after you open an account, or try it first on a free demo.
Open an FxPro account →MT5 features that matter for South African traders
MetaTrader 5 adds more timeframes, depth of market — the order book view of bids and offers — and a built-in economic calendar. The calendar and charts run on server time, so convert to SAST before planning around a release.
Big US releases land in the South African afternoon or evening: US consumer price index data at 8:30 New York time is 14:30 SAST in the northern summer and 15:30 SAST in the northern winter.
Before trading live on MT5
Open the instrument’s specification in MT5 to see XM’s contract size, minimum volume, margin and swap for that symbol. Practise order types on a demo account first; account conditions still depend on whether you open a Standard, Ultra Low or Shares account.
Research note
The signal-family study referenced above is Retail Trader’s Ruin (alphaXiv 2607.20093); it covers popular retail signal rules, trading costs and account survival under leverage — not XM or MetaTrader 5 specifically, and its leverage scenarios are well below the 1000:1 XM advertises, so the transfer here is qualitative (evidence level C on the research card). Treat it as a reason to test any rule on a demo first, not as a fact about this broker.