MetaTrader 5 Trading Platform

FxPro MetaTrader 5 Platform Overview

Our company offers Kenyan traders direct access to MetaTrader 5, an advanced multi-asset trading platform. Alongside MT4, cTrader, and FxPro Edge, MT5 provides diverse trading tools. It includes over 80 technical indicators and six order types for precise market engagement. Execution speed is optimized below 12 milliseconds, supporting rapid trade confirmations. Depth of Market (DOM) features grant transparent views of liquidity, enhancing trade decisions.

MetaTrader 5 is available on iOS, Android, Windows, Mac OS, and web browsers. Account data syncs seamlessly across devices, ensuring uninterrupted trading. We provide full technical assistance during Kenyan business hours for installation and setup. This enables traders to start swiftly and trade with confidence.

Account Setup Process for MetaTrader 5

Opening a MetaTrader 5 account with FxPro in Kenya starts on our official website. Click “Open an Account” and provide your personal details, including Kenyan address and contact information. Select MetaTrader 5 as your platform choice during registration. After submission, your MT5 account is linked to your profile automatically.

You will choose your base currency, typically USD, with a minimum deposit starting at $100 for Raw Spread accounts. Unique login credentials for the MT5 platform are generated and sent via email. Verification requires uploading a valid National ID, passport, or driving license, plus proof of residence documents.

Verification usually completes within 1-3 business days, after which full platform access is granted. This process ensures compliance with Kenyan regulations and security standards.

Platform Installation and Configuration

Download MetaTrader 5 installers from our FxPro client portal or the official MetaQuotes site. The Windows setup file is around 50MB. Run the installer with administrator rights and follow the prompts to complete installation. Launch the platform and select “Login to an existing account.”

Enter FxPro server details and your MT5 login credentials. We route Kenyan connections through dedicated servers for minimal latency. Configure language, chart colors, and sound alerts via Tools > Options. Activate one-click trading if preferred, but familiarize yourself with order placement first.

Key configuration steps include setting Market Watch with preferred currency pairs, applying indicator templates, enabling Expert Advisors, and adjusting connection timeout settings.

Trading Instruments and Market Access

Our MetaTrader 5 platform offers over 70 currency pairs, including USD/KES for direct Kenyan shilling trading. Major pairs provide spreads from 0.0 pips on Raw Spread accounts. Minor and exotic pairs extend portfolio options with competitive pricing. CFDs cover global indices, commodities, and shares from NYSE, NASDAQ, and LSE.

Use the Market Watch window to monitor available instruments and real-time quotes. Right-click to add or remove symbols, or use search to locate specific assets. Double-click a symbol to open a new order window with bid and ask prices displayed.

Access instrument details by right-clicking and selecting “Specification” for contract size, margin, lot size, and trading hours. This ensures transparency in trading conditions.

Advanced Order Types and Execution

MetaTrader 5 supports six advanced order types beyond market and pending orders. Stop limit orders activate a pending order upon reaching a stop price, then execute at a limit price. One-cancels-other (OCO) orders allow placing two pending orders simultaneously; execution of one cancels the other.

Bracket orders combine an entry order with linked stop-loss and take-profit targets for automated risk management. Execution modes include instant execution, confirming orders at displayed prices, and market execution, filling orders at the best available market price.

Adjust execution preferences under Tools > Options > Trading. Enable one-click trading for rapid entry directly from charts. Set maximum deviation to control acceptable slippage during order processing.

Technical Analysis Tools and Indicators

Our platform incorporates over 80 technical indicators for trend, momentum, volume, and volatility analysis. Key indicators include Moving Averages, RSI, MACD, Bollinger Bands, and Stochastic Oscillator. Each offers customizable parameters for precision analysis.

Indicators are accessible via Insert > Indicators or by dragging from the Navigator panel onto charts. Modify settings by double-clicking indicators in Navigator. Multiple indicators can be combined for layered market insights.

Chart options encompass 15 timeframes (M1 to MN1), six chart types, drawing tools like trend lines and Fibonacci retracements, and template saving for consistent setups across assets.

Automated Trading with Expert Advisors

MetaTrader 5 enables automated trading through Expert Advisors (EAs) developed in MQL5. FxPro supports EA use on all account types with adjustable risk parameters. EAs handle trade execution, position management, and strategy implementation automatically.

Activate automated trading by clicking the “AutoTrading” button in the toolbar. Attach EAs by dragging them from Navigator onto desired charts. Configure settings through the EA properties dialog, including lot sizes, stop-loss, and daily limits.

We recommend first testing EAs on demo accounts. VPS hosting is available for $30 monthly, offering 24/7 uptime and fast execution; premium account holders receive it free.

Funding Your MetaTrader 5 Account

Kenyan traders can fund accounts using multiple methods. M-Pesa deposits start at $3 (~387 KES) and process instantly. Provide your M-Pesa number and follow the payment prompts. Bank transfers from KCB, Equity Bank, and Cooperative Bank take 1-3 business days.

International cards like Visa and Mastercard, plus Skrill and Neteller, offer immediate deposits. Cryptocurrency deposits convert automatically to account currency. FxPro imposes no deposit fees, although payment processors may charge standard fees.

Use the client portal or MetaTrader 5 wallet system to manage funds. Transfers between FxPro wallet and MT5 accounts are instant. Withdrawals follow similar methods with mandatory verification for security.

Risk Management and Position Sizing

FxPro provides a risk calculator for Kenyan traders to determine optimal position sizes. Input your account balance, risk percentage, and stop-loss distance to calculate lot sizes before trading. Stop-loss and take-profit orders can be set during order placement or edited within the Trade tab.

We recommend risking no more than 2% of your account balance per trade. MetaTrader 5 displays real-time margin levels and free margin to prevent margin calls. Risk tools include automatic stop-loss execution, margin alerts, and drawdown notifications.

Monitoring these parameters helps maintain sustainable and controlled trading practices in Kenya’s market environment.