MetaTrader 5 (MT5)
Trade forex and CFDs on the industry-standard platform with advanced charting, Expert Advisors, and multi-device support.
MT5 is the platform every NEOM Funded simulated evaluation runs on – the same charts, order tickets, and Expert Advisor engine used across the industry. Set it up once, learn the shortcuts below, and the platform stops being a variable so your trading process can be the focus.
Windows · macOS · Android · iOS · Web terminal
MetaTrader 5
The industry standard for forex and metals trading with advanced charting, Expert Advisors, and deep liquidity.
Key Features
Everything you need for professional trading on one platform.
Advanced Charting
38 built-in technical indicators, 21 timeframes, and customisable chart layouts for in-depth market analysis.
Expert Advisors (EA)
Automate your trading strategies with MQL5 robots and scripts. Backtest with historical data before running it on your simulated evaluation account.
Multi-Device Access
Trade seamlessly on desktop (Windows, macOS), web browser, and mobile apps for Android and iOS.
One-Click Trading
Execute trades instantly with one-click order placement. Set stop-loss and take-profit levels directly on the chart.
Risk Management
Built-in risk management tools including margin calculator, trailing stops, and position sizing helpers.
Forex & Metals
Access 60+ forex pairs plus gold and silver – all from a single MT5 account.
Pro Tips for Prop Trading on MT5
Optimise your MT5 setup to pass challenges faster and trade more efficiently on your simulated evaluation account.
Use Chart Profiles
Save your chart layouts, indicators, and templates as profiles. Switch between analysis setups instantly without reconfiguring each time.
Set Up Trade Alerts
Use MT5 alerts to notify you when price hits a key level. Avoid watching charts all day – let the platform tell you when to act.
Monitor Drawdown in Real Time
Add the equity and balance lines to your terminal. Keep the Account History tab open to track your daily and overall drawdown against challenge limits.
Backtest on Your Simulated Account
Use the MT5 Strategy Tester to backtest your EA or manual strategy on historical data. Validate your edge before running it on your simulated evaluation account.
Use Pending Orders
Set buy/sell limit and stop orders in advance. This reduces emotional decisions, ensures precise entries, and helps you stick to your trading plan.
Close Trades Before News
If your challenge has news trading restrictions, use the Economic Calendar in MT5 to identify high-impact events and close positions beforehand.
Essential MT5 Keyboard Shortcuts
Speed up your workflow with these frequently used hotkeys.
Supported Challenges
MetaTrader 5 is available on all NEOM Funded forex evaluation challenges.
What Is MetaTrader 5?
MetaTrader 5 (MT5) is one of the most widely used trading platforms in the world, developed by MetaQuotes Software. It provides Participants with advanced charting, automated trading through Expert Advisors, and access to forex and CFD markets from a single interface.
At NEOM Funded, MT5 is available on all forex challenges. Whether you prefer NEO NOVA, NEO DUO, or NEO EXPRESS, you can trade on MT5 with full EA support and all standard features.
Download MT5 for Windows, macOS, Android, iOS, or use the web terminal directly in your browser – no installation required.
How to Get Started with MT5
Step 1: Choose your challenge and account size.
Step 2: Select MetaTrader 5 as your trading platform during checkout.
Step 3: Download MT5 from the official website or use the web terminal.
Step 4: Log in with the credentials sent to your email and start trading.
Need help? Visit our FAQ or contact support.
Expert Advisors: A Complete Guide for Funded Participants
Expert Advisors (EAs) are automated trading programs that run inside MetaTrader 5. They can analyse markets, generate signals, and execute trades 24/5 without manual intervention.
How to install an EA: Copy the .ex5 file into the MQL5/Experts folder in your MT5 data directory, restart MT5, then drag the EA onto a chart and enable "Allow Algo Trading" in the toolbar.
Popular EA strategies for prop trading:
- Grid EAs – place multiple orders at set intervals. Use caution with drawdown limits.
- Trend-following EAs – ride momentum using moving averages or breakout logic.
- Scalping EAs – open and close positions quickly on small price moves.
Important: Always backtest your EA using the MT5 Strategy Tester before running it on a simulated funded evaluation account. Check NEOM Funded trading rules to confirm EA trading is allowed on your challenge type.
Risk Management Settings in MT5
Proper risk management is the difference between passing and failing a funded challenge. MT5 provides several built-in tools to help you manage risk:
Stop Loss & Take Profit: Set SL/TP levels on every trade. Use the one-click trading panel or right-click the chart to modify orders instantly.
Trailing Stop: Right-click an open position and select "Trailing Stop" to automatically move your stop loss as price moves in your favour. Available in fixed pip increments.
Position Sizing: Use the Lot Size Calculator to determine the correct volume before each trade. Risk 1–2% of your account per position to stay within drawdown limits.
Margin Level Monitoring: Watch the "Margin Level %" in the Trade tab. If it drops below 100%, you are approaching a margin call. NEOM Funded challenges have specific drawdown rules – check your challenge page for limits.
Related Tools
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FAQ
MetaTrader 5 at NEOM Funded
MetaTrader 5 (MT5) is the industry-standard trading platform available on all NEOM Funded forex challenges. Whether you trade NEO NOVA, NEO DUO, or NEO EXPRESS, MT5 gives you access to 38 built-in technical indicators, Expert Advisors, and forex and metals trading.
Why Professional Participants Choose MT5
MT5 is trusted by millions of Participants worldwide for good reason. The platform supports automated trading via the MQL5 programming language, provides the most extensive backtesting engine available to retail Participants, and offers sub-millisecond one-click execution. With 21 timeframes, 6 types of pending orders, and a built-in economic calendar, MT5 gives funded Participants everything they need to analyse markets and execute strategies with precision.
MT5 for Forex Challenges
When trading a funded challenge, MT5 offers distinct advantages. The Strategy Tester allows you to validate your approach on historical data before risking challenge capital. Trailing stops help lock in profits automatically. Chart templates and profiles let you switch between multiple analysis setups without losing your configuration. And the depth of market (DOM) feature provides insight into liquidity at different price levels.
Expert Advisors on NEOM Funded
NEOM Funded supports Expert Advisor trading on its forex challenges. EAs can automate your entry and exit logic, manage position sizing, and enforce risk rules – helping you stay disciplined and within drawdown limits. Popular strategies include trend-following systems, mean reversion bots, and news-based automation. Always backtest thoroughly and check the trading rules for EA-specific restrictions.
Getting Started
Choose your challenge and account size, and download MetaTrader 5 for Windows, macOS, Android, iOS, or use the web terminal. Your login credentials will be sent by email within minutes. Need help setting up? Visit our FAQ or contact support – we are available 24/5.