Binary options broker Pocket Option has long been providing high-quality service and everything you need to trade binary options , including a functional trading platform . One of the advantages of this company is that it has not bypassed the Forex market, providing traders with two browser versions of the MetaTrader5 trading terminal to choose from.

Thanks to this, the broker's traders can trade on any market without opening accounts with different companies. For this, they can use either the familiar MT5 terminal from MetaQuotes, the web version of which is almost as good as the desktop version, or the Forex MT5 web terminal from PocketOption.

Next, we will consider the pros and cons, as well as the functionality of the MetaTrader 5 terminal of the Pocket Option broker.

Content:

What is the MetaTrader 5 terminal

The MT5 terminal itself is quite popular and is used by many brokers, as it has a familiar interface and functionality. It is provided by MetaQuotes Ltd., which has been operating since 2000:

MT5 official website

There is a previous version of this platform - MetaTrader 4 , and the main difference is that the new version can work with world exchanges, which makes it possible to trade on the stock markets of America, Europe, Russia and other countries. The new terminal also has more professional functionality and new features. Visually, they are almost the same:

MT4 MT5
MT4 for PC MT5 for PC


Forex MT5 terminal from PocketOption

With the Pocket Option broker you can use both a real and demo account for MT5. To enter the terminal, you need to select the “Trading” section in the left side menu, and then select either “MT5 Forex Real Account” or “MT5 Forex Demo Account”:

trade tab in pocket option

The open Forex MT5 terminal from PocketOption allows you to start trading right away. All key elements of the platform are located conveniently and predictably:

Forex MT5 user interface by PocketOption

In the Forex MT5 platform from PocketOption you can:

  • switch between different trading accounts;
  • open a different number of charts at the same time;
  • add indicators and graphical constructions to the chart;
  • open transactions on the Forex market;
  • track the trade balance and transaction history;
  • manage finances;
  • manage your account;
  • contact support;
  • receive trade analytics and information on economic events;
  • change terminal settings.

Account management on the Forex MT5 platform from PocketOption

In the top left corner there is a drop-down list that allows you to switch between a demo and a live account, as well as choose between a binary options fast trading platform and an MT5 Forex platform. There is also a logout button for your account.

list of accounts in Forex MT5 from PocketOption

Forex MT5 platform settings from PocketOption

The main settings of the Forex MT5 platform are located in the side menu on the left. Here you can:

  • select the platform language;
  • set up sound alerts;
  • choose between light and dark platform themes;
  • enable display of transaction results on the trading interface;
  • enable schedule optimization to reduce system load;
  • select time zone.

setting time zone in Forex MT5 from PocketOption

Working with charts on the Forex MT5 platform from PocketOption

Next to the drop-down list for managing accounts there is a “Multigraph” button, which allows you to select several options for placing charts on the main screen of the platform. By default, the trading terminal displays one chart of a trading asset:

setting up a multi-graph in Forex MT5 from PocketOption

A trader can choose to display up to four charts in the Forex MT5 platform from PocketOption, as well as a convenient option for organizing them. This allows you to simultaneously monitor price changes on different timeframes and/or trade several assets at once:

displaying multiple charts in Forex MT5 from PocketOption

The buttons located nearby in the upper left corner allow the trader to choose between a large number of trading instruments to display, change their timeframe and chart type:

display of Forex MT5 instruments and charts from PocketOption

In addition to the timeframe, the chart view settings button allows you to display it in the form of a line, candles, bars or Heiken Ashi . Additional functions of a timer, auto-scrolling and displaying positions on a chart are also included here. The color scheme of bars or candles can also be changed here:

bar settings in Forex MT5 from PocketOption

Trading panel of the Forex MT5 platform from PocketOption

On the right side of the Forex MT5 platform is the trading panel. In it you can:

  • choose the direction of the transaction: buy or sell;
  • choose to open a transaction at the market price or at a predetermined price;
  • set the transaction volume in lots;
  • set the conditions for closing the transaction.

trading panel in Forex MT5 from PocketOption

Please note that you can set the conditions for closing a transaction using one of three criteria:

  • by profit (Take Profit) or loss (Stop Loss) in dollars;
  • by the distance traveled by the price;
  • upon reaching a certain closing price.

Forex MT5 platform indicators from PocketOption

You can add indicators to the chart in the Forex MT5 platform from PocketOption by clicking on the button to call them. In the list that opens, select the desired instrument, and it will immediately appear either on the chart or below it, if we are talking about an oscillator:

Forex MT5 platform indicators from PocketOption

You can add as many indicators and oscillators as you like to the chart. Their names will be displayed on the left side of the screen along with buttons to control them. Indicator readings can be temporarily hidden, or completely deleted using the corresponding buttons:

setting up the display of indicators in Forex MT5 from PocketOption

Clicking on the button with the image of a pencil next to the name of the indicator or oscillator opens a special window for its individual settings:

indicator settings in Forex MT5 from PocketOption

Graphic elements of the Forex MT5 platform from PocketOption

The ForexMT5 platform from PocketOption allows you to use the following tools for charting:

  • horizontal lines;
  • vertical lines;
  • Ray;
  • Fibonacci lines;
  • trend lines;
  • parallel channels;
  • rectangle;
  • Andrews pitchfork.

They are called by the button with a brush in the upper left corner:

graphical tools button in Forex MT5 from PocketOption

You can edit your constructions in two ways: directly on the chart, moving the key points of the constructions, or using individual settings from the menu. For the second method, select “Active” in the brush button menu and click on the gear next to the desired graphic construction:

setting up Forex MT5 charting tools from PocketOption

Additional features and settings of the Forex MT5 platform from PocketOption

The side menu on the left side of Forex MT5, in addition to managing the basic settings of the platform, allows you to:

  • manage finances;
  • make changes to your account;
  • go to chats;
  • receive analytics and track the economic calendar;
  • log out of your account;
  • switch to the MT5 platform from MetaQuotes.

side menu in Forex MT5 from PocketOption

The finance management button brings up a menu, using the prompts of which you can replenish your trading balance, withdraw earned funds, view payment history, or make an internal transfer between PocketOption accounts for trading binary options and the Forex market:

financial management in Forex MT5 from PocketOption

Using the account settings button, you can go to the user profile information menu, account security settings and view detailed information about your trading history:

setting up a profile in Forex MT5 from PocketOption

Clicking on the “Chats” button opens or hides an additional window where you can switch between chats and information channels, view notifications, search for chats and users, and even create your own chat or channel:

Forex MT5 support chat from PocketOption

The magnifying glass button in the left side menu brings up useful functions of the economic calendar and trading analytics from PocketOption, and also allows you to easily switch to additional analytics applications for mobile devices:

economic calendar in Forex MT5 from PocketOption

The bottom-most button on the side left menu of the ForexMT5 platform is designed to exit the trading platform. The top one allows you to switch to trading via the MetaTrader5 web terminal developed by MetaQuotes.

MetaTrader 5 web terminal for PocketOption developed by MetaQuotes

Switching to the MetaTrader 5 web terminal developed by MetaQuotes occurs by clicking the top button of the left side menu of the Forex MT5 platform from PocketOption:

going to the web terminal in Forex MT5 from PocketOption

The login details for the demo account will be on the page that opens, and the login principle itself is standard for MT4/5:

connection to a trading account

After logging in, the terminal itself will open, and you can immediately start trading:

MT5 web version

Functionality and capabilities of MetaTrader 5 in Pocket Option

The functionality of the web terminal is a little more limited than the PC version, and third-party indicators cannot be loaded into it, but in all other respects it is identical to the desktop one. In the web version you can:

  • open any number of charts;
  • monitor the status of your trading account and transactions;
  • use basic indicators of the Pocket Option broker ;
  • use graphical tools;
  • change the type of charts (candles, bars, line);
  • use one-click trading.

Working with charts

To open a chart, you can use the “Market Watch” panel or click on “File” in the top panel and select “New Chart”:

how to open a chart

If you wish, you can open any number of charts, and then switch between them using the tabs below. You can also change the timeframe of any chart on the top panel:

timeframes

Trading panel

On the "View" tab, you can enable the "Tools" panel, which is a trading panel where all trades, the status of the current account and the activity log are displayed:

trading panel

Indicators

MetaTrader 5 in Pocket Option contains all the basic indicators that are also available in the regular version of the terminal. And among them you can find many indicators, including:

To add indicators to the chart, select “Insert” in the top menu, then “Indicators”:

mt5 pocket option indicators

After selecting the indicator, you can change the settings if necessary and click “OK”:

alligator settings

To manage the added indicators, you need to right-click on the chart and select “List of indicators” in the menu that opens:

indicator management

After which you can change the settings in them or delete them from the chart.

Graphical tools

Graphical tools are added in the same way as indicators, but you have to choose the tools themselves. You can add it to a chart and use it for analysis in MT5 in PocketOption:

  • lines;
  • channels;
  • Gann instruments;
  • Fibonacci tools;
  • Elliott instruments;
  • graphic objects (rectangle).

Also, for convenience, some of the tools are displayed on the work panel:

graphic tools

To remove them from the chart, you need to right-click on the selected element and select “Delete object”. To change the color and other settings, select “Properties”:

graphical tools management

Working with a schedule

If you right-click on the chart and select “Properties”, a window with graphic parameters will open, where you can select one of three color themes:

  1. Yellow on black;
  2. Black on white;
  3. Green on black.

You can also choose to display prices in the form of bars, candles or lines. In addition, you can customize the display of the grid, Bid and Ask lines, volumes and much more:

chart settings

One-click trading

Also in the MetaTrader 5 terminal in PocketOption you can use one-click trading, as in standard MT4/5 terminals. To do this, you need to click on the small red-blue icon in the upper left corner of the chart, after which the panel that opens can be used for quick trading:

one-click trading

For trading on the Forex market, the Pocket Option broker provides the following assets:

Conclusion

Forex trading with the PocketOption broker is possible on two trading terminals at once: the Forex MT5 platform from PocketOption and the MT5 web terminal developed by MetaQuotes.

Users accustomed to the standard PocketOption interface for trading binary options will undoubtedly find the Forex MT5 terminal more convenient, which has all the necessary tools for technical analysis and graphical construction. However, many traders who are used to trading through the famous MT4 or MT5 platforms will find the MT5 web terminal for PocketOption more familiar and easier to use.

Both terminals provided by the broker for Forex trading are slightly inferior in functionality to the versions of MetaTrader 5 for PC, but if you do not plan to use proprietary paid indicators and a back tester, both browser versions of MT5 from PocketOption will allow you to perform full technical and graphical analysis and trade without restrictions on Forex with this broker.

If you are just getting started with binary options trading, be sure to start with a demo account to try out the functionality of the terminal in trading virtual money before switching to a real account. When replenishing your real account balance, do not forget to use promotional codes for replenishing your PocketOption account . On our website they are always up to date and give up to a 150% deposit bonus.

Open an account with PocketOption

PO

See also:

The best binary options broker! Who is he?

Free robot for Pocket Option

How to trade from mobile devices on the Pocket Option platform

Pocket Option Broker Platform for Windows

Minimum deposit and bonuses at the Pocket Option broker

Working promotional codes for Pocket Option

Pocket Option Broker Affiliate Program

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Трейдер БО
Трейдер БО
Вшитые новости и экономический календарь, это только у покета, или во всех МТ5?
28 April 2023
Answer
Руслан
Руслан
Чем версивя MT5 от Покета лучше чем например у Альпари!?
Option Bull, по-хорошому ничем существенным
12 November 2022
Answer
Ольга
Какие основные типы ордеров есть на MetaTrader 5?
Мирослава, На платформе MetaTrader присутствуют пять основных типов ордеров для торгов на Форексе: рыночные, лимитные, стоповые, годные до отмены (GTC) и годные до времени (GTT).
07 November 2022
Answer
Мирослава
Мирослава
Какие основные типы ордеров есть на MetaTrader 5?
07 November 2022
Answer
Option Bull
Option Bull
Чем версивя MT5 от Покета лучше чем например у Альпари!?
04 November 2022
Answer
Костя
Костя
Интересно, а чем всё-таки уступает ТМ5 от Покета десктопной версии?
Вячеслав, скорее всего ничем существенным, МТ4 или МТ5 это классный терминал, который доказал свою надёжность и качество в течение долгого времени...
10 July 2022
Answer
Вячеслав
Вячеслав
Интересно, а чем всё-таки уступает ТМ5 от Покета десктопной версии?
15 June 2022
Answer
Сергей
Сергей
там по моему были требования 1000 баксов минимум на реальный счет чтобы торговать не у каждого есть столько
Дмитрий, да вроде поменьше будет)) Слишком высокая цена входа для пользования, тем более на текущий не особо радужный момент давления медведей на рынке
15 June 2022
Answer
Алексей Алексеев
Алексей Алексеев
круто что покет дает возможность на форе торговать только мне кажется что мало кто там торгует через покет
13 June 2022
Answer
Дмитрий
там по моему были требования 1000 баксов минимум на реальный счет чтобы торговать не у каждого есть столько
13 June 2022
Answer
Олег
круто что покет дает возможность на форе торговать только мне кажется что мало кто там торгует через покет
кто-то точно торгует, но я согласен, просто именно для форекс есть более старые брокеры с мт4 где можно и индюки подгрузить, и тс прогнать и бота поставить
13 June 2022
Answer
Вячеслав
Вячеслав
Ну вот! Наконец-то. Ждал эту новость и статью с нетерпением. Спасибо!
13 June 2022
Answer
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