How to Use MT5 on Tablet – A Step-by-Step Guide for iPad and Android Tablets

How to Install and Log In to the MetaTrader 5 Tablet App

Step 1: Register and Create Your TMGM Account

Complete the registration by providing some basic personal information to help us understand you better. You will also need to complete a quick identity verification. Don’t worry, it’s fast and secure. If you encounter any issues, please contact our friendly customer support team for assistance.

When registering, consider the amount of leverage and margin you require, as you will need to set your initial leverage ratio here.

Register and Get Started   or log in to your existing TMGM account

Step 2: Download and Install the MT5 Tablet App

For iPad:

Alternatively, tap the App Store icon on your iPhone, search for MetaTrader 5, and tap Get

For Android Tablet:

Alternatively, tap the Google Play Store icon on your Android tablet, search for MetaTrader 5, and tap Install

Step 3: Launch the MetaTrader 5 App

• When prompted, accept the End User License Agreement (EULA) after reviewing its terms

Step 4: Select Your Server and Log In to Your TMGM Account

• You will then see the Brokers window. Enter ‘TradeMax’ in the search field and select the appropriate server.

• Input your login credentials (provided during TMGM registration) and choose between a live account or demo account. Your iPad or Android tablet is now set up to trade live on MetaTrader 5, anytime and anywhere!

Navigating the MetaTrader 5 Tablet App 

Once logged in, you will see the MT5 main interface displaying the Instruments Watchlist on the left and Charts on the right.

The larger tablet screen allows MT5 to present extensive information. While it may seem complex initially, we will highlight key sections to help you get started and provide tips for quick, intuitive access to essential data on the go.         

1.        Watchlist

Tap the Quotes (Up and Down Arrows) icon at the bottom left corner to display the live bid and ask prices in your watchlist.

Tap any instrument for additional options including trading, charting, and detailed instrument information.

Switch between Simple and Advanced views to access additional data such as spreads, timestamps, and high/low values per instrument.

To add or modify instruments in your watchlist, tap the Symbol search bar. This lets you add from the broad range of markets TMGM offers on MT5. If you’re unsure about symbol meanings, consult the list for full instrument names and descriptions.

Simple View

Advanced View

2.        Charts Tab

Tap the Charts icon at the bottom to open the chart for the last selected instrument. Alternatively, open a chart by tapping an instrument in the Watchlist and selecting Chart.

MT5 charts can be customized with 21 different timeframes, providing more flexibility than MT4. Tap the current timeframe at the top left to switch between them. Long-press a timeframe to add or remove it from the main chart screen.

You can also add technical indicators  such as moving averages, Relative Strength Index (RSI), or further customize charts with trendlines, channels, and other graphical objects.

3.        Trade Tab

View your open positions, account balance, and available margin via the Trade tab. You can also modify or close trades by tapping on them.

4.        History Tab

This tab provides a detailed record of all your closed positions and orders. It is a valuable tool for monitoring your performance and analyzing your trading history. The MT5 tablet app also allows you to sort and filter your trade history by criteria such as profit, closing time, or symbol.

How to Trade with MetaTrader 5 on Your Tablet

Placing orders on your tablet is straightforward, and the larger display helps you review trade details clearly before execution. Follow these steps to place an order on MT5:

Step 1: Select an Instrument

• Navigate to the Quotes tab and tap the instrument you wish to trade (e.g., EUR/USD), then select Trade.

Step 2: Configure Trade Parameters
 

-         Order Type: MT5 offers two primary order types:

• Market Execution: Executes the trade immediately at the current market price.

• Pending Order: Allows you to set an order to execute at a specified future price level, ideal for entering the market at a precise price.

-          Volume: Specify the number of lots to trade, representing your position size.

-          Stop Loss : A predefined level to automatically close your trade if the market moves against you. For long positions, set below the current price; for short positions, above.

-          Take Profit : A target price to automatically close the trade once a profit level is reached. For long positions, set above current price; for short positions, below.

Step 3: Execute the Trade

• Market Execution

If Market Execution is selected, execute the trade by choosing ‘Sell by Market’ or ‘Buy by Market’.

• ‘Buy’ to open a long position if you anticipate the instrument's price will rise.

• ‘Sell’ to open a short position if you expect the price to decline.

Note that actual execution prices may vary slightly, especially in volatile markets. For greater price control, consider using pending orders.

• Pending Order

Pending orders allow you to plan trades at specific future price levels. MT5 provides several pending order types for enhanced control:

Limit: Executes only when the market price reaches the specified price or better.

Stop: Triggers at the specified price and fills at the prevailing market price, which may differ from the stop price.

Stop-Limit: Combines stop and limit orders for more precise price execution. This MT5-exclusive feature helps avoid slippage during volatile conditions but may be harder to fill due to stricter criteria.

After selecting the order type, choose whether to ‘Buy’ or ‘Sell’ to open a long or short position, respectively.

Expiration: Set an expiration date and time for the order if the market does not reach your specified price.

• GTC (Good 'Till Cancelled): The order remains active until manually cancelled.

• Today: The order expires automatically if not executed by the end of the trading day.

• Specified (Time): Set a specific date and time for order expiration if unfilled.

• Specified Day: Set a specific date for order expiration if unfilled.

Once all parameters are configured, tap Place to submit the pending order.

How to Monitor and Modify Your Positions on MT5 for Tablets

The Trade tab displays all your open positions, including real-time profit/loss, margin usage, and current market prices.

• Modify Orders: To adjust Stop Loss or Take Profit levels, tap and hold an open position, then select “Modify” to update parameters.

• Close Orders: To close a trade, tap and hold the open position and select “Close Order” to exit based on current market conditions.

TMGM’’s Tips for the MT5 Tablet App

Now that you know how to monitor and modify positions on the MT5 tablet app, you’re ready to seize trading opportunities anytime, anywhere. Here are some tips and shortcuts to optimize your MT5 experience on your tablet.

1) Execute Trades Instantly with One-Click Trading

Enable One-Click Trading  by tapping the icon  in the Charts tab. This feature is especially valuable during volatile market conditions and is a key enhancement MT5 offers over MT4.

2) Customize Your Workspace with Multiple Chart Windows

MT5 allows simultaneous viewing of multiple charts, ideal for comparing instruments or analyzing different timeframes side by side. Easily switch between charts or arrange them to view multiple at once.

3) Utilize Depth of Market (DOM) for Precision Trading

An advanced MT5 feature over MT4, Depth of Market (DOM) provides insight into liquidity and order flow at various price levels, valuable for short-term traders assessing market depth.

To open the Depth of Market window for an instrument, tap Depth of Market  in its context menu within the Quotes section.