Metatrader 5 iPhone Forex Software Review

Metatrader 4 was my first introduction to a charting platform that actually worked the way I wanted…and it is free.  Ever since I first discovered it, I have been using it exclusively.  True, it's not perfect, but no piece of software is.

But there was still something missing.

A mobile trading app that would allow me to have the same (or similar) functionality when I am on the go.  I guess that could be a good or bad thing, but I think it is something that every trader dreams of.

My first iPhone forex charting software was a big step up from what I had used before, but it was slow and very limited.  In addition, they wanted to charge $60 for you to speed up the chart loading and link it to a trading account in which they were the introducing broker.  That meant higher spreads and questionable execution.  No thanks.

So when I heard that there was a MT5 app that was available for free, I downloaded it and installed it immediately on my iPhone 3G.   Here are my first impressions:

Happy trading!