MetaTrader 5 (MT5) vs ProRealTime

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Category: Trading Platforms | Author: Trading Brokers | Date: April 16, 2026

The world of trading platforms is vast, offering a variety of tools for both amateur and professional traders. Among the most widely used platforms, MetaTrader 5 (MT5) and ProRealTime stand out due to their distinct features, capabilities, and unique offerings. In this detailed article, we will compare MetaTrader 5 (MT5) with ProRealTime, evaluating their respective strengths and weaknesses. This comparison will help traders make an informed decision about which platform is better suited for their needs based on their specific trading preferences.

If you are interested in trading online, you can take a look at our best trading platforms for some options.

Overview of MetaTrader 5 (MT5)

MetaTrader 5, or MT5, is the successor to the highly popular MetaTrader 4 (MT4) trading platform. Developed by MetaQuotes Software, MT5 was designed to provide an advanced solution for traders across various financial markets, including forex, stocks, commodities, and futures. It offers a range of features that make it an all-encompassing platform for both retail and institutional traders. MT5 is widely used in the forex market but has seen growing popularity in other asset classes due to its versatility and enhanced functionality.

Key Features of MetaTrader 5 (MT5)

1. Multi-Asset Support: MT5 supports a wide range of financial instruments, from forex and stocks to commodities and cryptocurrencies. This flexibility makes it a great choice for traders who want to diversify their portfolios and trade across different markets.
2. Advanced Charting and Technical Analysis: One of the most prominent features of MT5 is its charting capabilities. The platform offers an extensive set of built-in indicators, graphical tools, and chart types, allowing traders to conduct in-depth technical analysis. Traders can customize indicators, chart colors, and timeframes to match their specific trading strategies.
3. Timeframes and Orders: MT5 provides traders with 21 different timeframes, which is a significant improvement over MT4. It also supports a variety of order types, including market orders, limit orders, stop orders, and trailing stops, offering more flexibility in executing trades.
4. Economic Calendar: MT5 integrates an economic calendar that provides traders with real-time information on important economic events and news. This feature allows traders to make informed decisions based on the latest market-moving events.
5. Automated Trading: MT5 allows for automated trading through Expert Advisors (EAs), which can be customized and programmed to execute trades based on predefined criteria. This enables traders to take a hands-off approach to trading and benefit from algorithmic strategies.
6. Depth of Market (DOM): MT5’s Depth of Market feature provides traders with a view of the order book, allowing them to see real-time market liquidity and execute trades more effectively. This is particularly useful for high-frequency and institutional traders.
7. Community and Marketplace: MT5 has a large community of traders and developers. The platform’s marketplace offers thousands of custom indicators, Expert Advisors, scripts, and other tools that can enhance the trading experience.

Overview of ProRealTime

ProRealTime is a professional trading platform designed for technical analysis and trading across various asset classes, including stocks, forex, commodities, and indices. Developed by the French company IT-Finance, ProRealTime is known for its user-friendly interface and sophisticated charting tools. The platform is highly regarded in Europe, especially among technical analysts and traders who rely heavily on charting and market analysis.

Key Features of ProRealTime

1. Powerful Charting and Analysis Tools: ProRealTime’s charting tools are some of the most advanced in the industry. The platform offers a wide variety of chart types, including bar, candlestick, line, and point & figure charts. It also includes over 100 technical indicators and tools for conducting in-depth market analysis.
2. ProBacktest: ProRealTime provides powerful backtesting features that allow traders to test their strategies against historical data. The ProBacktest tool enables users to simulate strategies and evaluate their effectiveness before live trading.
3. Custom Indicators and Strategies: Traders can create and customize their own indicators and trading strategies using ProRealTime’s programming language, ProBuilder. This feature is ideal for traders who wish to develop bespoke tools that align with their specific trading strategies.
4. Order Execution and Trade Management: ProRealTime provides a range of order execution options, including market orders, limit orders, and stop orders. It also offers advanced trade management tools such as trailing stops, one-click trading, and multi-asset order execution.
5. Cloud-Based Solution: ProRealTime operates on a cloud-based model, meaning that traders can access their accounts and trade from anywhere with an internet connection. This is particularly useful for traders who need to manage their positions on the go.
6. ProRealTime Trading System (PTS): ProRealTime’s proprietary trading system allows users to access live market data and execute trades directly from the platform. It also integrates seamlessly with a wide range of brokers, making it a versatile option for traders who require real-time execution.
7. ProRealTime Mobile: ProRealTime offers mobile applications for both iOS and Android devices. This allows traders to monitor their accounts, view charts, and execute trades from their smartphones or tablets.

Comparison of MetaTrader 5 (MT5) and ProRealTime

When comparing MetaTrader 5 and ProRealTime, several factors should be taken into account, including functionality, ease of use, pricing, asset coverage, and additional features. Below is a detailed comparison of both platforms across various categories.

1. User Interface and Ease of Use

MetaTrader 5 (MT5): MT5 has a relatively straightforward user interface that is familiar to anyone who has used MT4. The platform is not overly complex but may require some time for beginners to familiarize themselves with its extensive tools and features. The user interface is highly customizable, allowing traders to adjust the layout and appearance to suit their preferences.

ProRealTime: ProRealTime is known for its user-friendly interface, which is designed to cater to both novice and experienced traders. The platform offers a clean, intuitive design with drag-and-drop features, making it easier for traders to access the tools they need without a steep learning curve.

2. Charting and Technical Analysis

MetaTrader 5 (MT5): MT5 offers a robust suite of charting and technical analysis tools. With more than 80 built-in indicators, 21 timeframes, and multiple chart types, traders have all the tools necessary for in-depth market analysis. While MT5’s charting capabilities are comprehensive, it may not be as advanced as ProRealTime in terms of customization.

ProRealTime: ProRealTime excels in charting and technical analysis. Its charts are highly customizable, and the platform offers a large selection of indicators, drawing tools, and timeframes. ProRealTime’s charting tools are considered among the best in the industry, making it an attractive choice for technical analysts.

3. Asset Coverage

MetaTrader 5 (MT5): MT5 supports a wide range of financial instruments, including forex, stocks, commodities, futures, and cryptocurrencies. This extensive coverage makes MT5 suitable for traders who wish to diversify their portfolios across different markets.

ProRealTime: ProRealTime primarily focuses on stocks, forex, commodities, and indices, with limited support for other asset classes. While it offers strong coverage of major markets, it may not be as versatile as MT5 in terms of asset selection.

4. Automated Trading

MetaTrader 5 (MT5): MT5 is renowned for its automated trading capabilities. The platform supports Expert Advisors (EAs), which allow traders to automate their trading strategies. This feature is ideal for algorithmic traders who want to execute trades without constant monitoring.

ProRealTime: ProRealTime offers automated trading through its ProOrder feature, which allows traders to create and implement automated trading strategies. However, it may not be as flexible or as widely used as MT5’s Expert Advisors.

5. Backtesting and Strategy Testing

MetaTrader 5 (MT5): MT5 offers advanced backtesting functionality, allowing traders to test their strategies against historical data using the platform’s built-in strategy tester. It supports multi-currency testing and provides detailed reports on the performance of the tested strategies.

ProRealTime: ProRealTime’s backtesting feature, ProBacktest, is a standout tool. It allows traders to test strategies using historical data with great precision. ProRealTime also offers optimization features that can help traders refine their strategies based on test results.

6. Pricing and Costs

MetaTrader 5 (MT5): MT5 is generally free to use, although some brokers may charge commissions or spreads on trades executed through the platform. There are also costs associated with purchasing custom indicators and Expert Advisors from the MT5 marketplace.

ProRealTime: ProRealTime offers both free and paid versions. The free version provides access to basic features, while the premium version includes advanced tools and additional features, such as real-time data and more charting options. ProRealTime’s pricing structure may be more expensive than MT5’s, particularly for users who need advanced functionality.

7. Broker Compatibility

MetaTrader 5 (MT5): MT5 is compatible with a wide range of brokers, making it accessible to traders worldwide. The platform’s broker compatibility is a significant advantage, as it allows traders to choose from a variety of brokerage firms with different spreads, commissions, and account types.

ProRealTime: ProRealTime also supports several brokers but is somewhat more limited in terms of global availability. The platform works with brokers that support its ProRealTime Trading System (PTS), so traders may have fewer options compared to MT5.

8. Mobile Trading

MetaTrader 5 (MT5): MT5 offers mobile apps for both iOS and Android devices, providing traders with full access to their accounts and trading functions on the go. The mobile app mirrors the desktop version, allowing users to view charts, execute trades, and monitor their positions.

ProRealTime: ProRealTime’s mobile application is also available for both iOS and Android devices. The mobile version provides many of the same features as the desktop platform, including charting tools and order management, making it a solid choice for traders who need mobility.

Conclusion

Both MetaTrader 5 (MT5) and ProRealTime are powerful trading platforms that cater to different types of traders. MT5 is an excellent choice for those seeking a versatile, multi-asset platform with strong automated trading capabilities and a large community. ProRealTime, on the other hand, is ideal for traders who prioritize advanced charting, technical analysis, and custom strategy development.

Ultimately, the best platform for you will depend on your trading style and needs. If you need access to a wide range of financial instruments and automated trading features, MT5 may be the right choice. If you are a technical trader who values powerful charting and backtesting tools, ProRealTime could be a better fit.

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