# MetaTrader 5 mobile app: what it does and does not do

> MetaQuotes' free app for iPhone, iPad and Android includes all order types, Market Depth and netting or hedging. MetaQuotes does not provide brokerage, so you need an account with a broker to trade.

- Canonical URL: https://forextradingcommunity.com/news/metatrader-5-mobile-app-what-it-does-and-does-not-do/
- Type: Guide
- Published: 2026-10-24
- Updated: 2026-10-24
- Publisher: Forex Trading Community (https://forextradingcommunity.com), FTC Editorial Team

MetaTrader 5 Mobile is a free application from MetaQuotes Software for iPhone, iPad and Android. MetaQuotes describes it as a way to trade forex, stocks and futures from a phone or tablet, and its official page says the app can be installed on any iOS or Android device ([MetaQuotes: MetaTrader 5 mobile trading](https://www.metatrader5.com/en/mobile-trading)).

## What the app includes

- **Orders**: all order types, including pending and stop orders. Market and limit orders can be placed from Market Watch or Market Depth ([iPhone page](https://www.metatrader5.com/en/mobile-trading/iphone)).
- **Protective levels**: Take Profit and Stop Loss orders can be attached to a position to close it at a set profit or limit a loss.
- **Market Depth**: the order book, shown as Level 2, where orders can also be placed.
- **Position accounting**: netting and hedging, the two systems the app supports.
- **Charts**: three chart types and nine timeframes, with zoom and scale controls. The iPhone page also lists 30 technical indicators and 24 analytical objects.
- **One Click Trading**: the iPhone page places it in the iPad version. Combined with Market Depth, it lets a user place, change and close orders with one tap.

## What the app does not do

- **It does not provide brokerage.** MetaQuotes says it "is a software development company and does not provide investment or brokerage services" ([MetaQuotes](https://www.metatrader5.com/en/mobile-trading)).
- **It does not choose your broker.** The official page says that if your broker is not in the app's list, you should ask the broker to contact MetaQuotes.
- **It does not explain the connection steps.** The pages describe connecting to a broker's server, but not how to do it. Use your broker's own setup guide.

## Before you trade on a live account

Your broker's agreement governs a live account, not the app. Check the broker's regulator entry first, using [how to check if a forex broker is regulated](/news/how-to-check-if-a-forex-broker-is-regulated/). Leverage multiplies both gains and losses, so read [leverage and margin explained](/news/leverage-and-margin-explained/) before you use it on a phone, where a quick tap can open a large position. For how MetaTrader 4, MetaTrader 5, cTrader and TradingView compare on the desktop, see [the platform comparison](/news/metatrader-4-vs-metatrader-5-vs-ctrader-vs-tradingview/).

## Sources

- [MetaQuotes: MetaTrader 5 mobile trading (read 24 October 2026)](https://www.metatrader5.com/en/mobile-trading)
- [MetaQuotes: MetaTrader 5 for iPhone and iPad (read 24 October 2026)](https://www.metatrader5.com/en/mobile-trading/iphone)

## Common questions

### Is the MetaTrader 5 mobile app free?

MetaQuotes describes the app as free for iPhone, iPad and Android. The app itself does not provide brokerage, so the cost of trading depends on your broker.

### Can I trade with the MetaTrader 5 mobile app without a broker?

No. MetaQuotes states that it does not provide investment or brokerage services, so you need an account with a broker whose server the app connects to.

### Does the app support stop loss and take profit?

Yes. The official iPhone page lists Take Profit and Stop Loss orders that can be attached to a position.

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This article is for information only and is not financial advice. Trading forex and CFDs carries a high risk of losing money.