Why MT5 Is the Go-To Platform for Funded Account Traders

In 2025, one of the fastest-growing trading practices is prop trading. Based on the concept of funded trading accounts, evolving market trends and technological advancements are important factors in understanding this surge in popularity.

The idea is very simple. Prop firm tests traders’ skills and risk management abilities through evaluations. If accepted, they would be in charge of trading with the firm’s resources, sharing a hefty percentage of the profit with the traders. This way, they can manage large accounts, trading on behalf of the firm without risking their personal funds.

FundingPips is your go-to prop firm that offers multiple trading platforms, including MT5, along with educational resources and an active Discord community to let you grow. Sign up now to start your prop trading journey.

What Is MT5?

MetaTrader 5 is an electronic trading platform widely used in financial markets, which has revolutionized the way retail traders access these markets.

So, here is why MT5 is so powerful. First of all, it offers a comprehensive suite of tools for analyzing markets and executing trades on the most important asset classes, such as forex, stocks, commodities, and more. Its more prominent features are the user-friendly interface and support for algorithmic trading.

MT5 is the successor of MT4. MetaTrader4 was regarded as the most popular and trusted trading platform in the retail trading industry. It was realized in 2005, and 20 years later, it remains a leader in the industry.

However, the key aspect that sets it apart is its total revolution in the area, specifically with MT5. While MT4´s primary market access is Forex and CFDs, MT5 has multiple markets, including Forex, CFDs, stocks, futures, and bonds.

MT4 comes with nine timeframes, but MT5 has 21. Additionally, MT5 features eight more built-in indicators, as well as custom indicators, for a total of 38, including a built-in economic calendar.

Both platforms offer three types of charts (Bar, Candlestick, and Line). Regarding system requirements, MT4 has lower standards, running smoothly on older hardware, while MT5 has higher standards, optimized for modern hardware.

Key Features of MT5 for Funded Traders

When discussing Funded Traders, MetaTrader 5 offers several key advantages. It allows traders to automate their trading strategies using its Expert Advisors (EAs) and the MQL5 programming language.

MT5 also supports trading in a wide array of assets and offers a variety of charting tools, including 21 timeframes, numerous technical indicators, and graphical objects.

Providing access to real-time market data and financial news, and offering mobile apps for both Android and iOS, which enable traders to access and manage their accounts on the go, makes MT5 an all-in-one toolbox and visual center hard to beat.

Why Prop Firms Prefer MT5

As you can imagine, MT5 is excellent for all kinds of trading; however, prop firms are increasingly choosing MT5 as their primary trading platform.

It is ideal for trading challenges, as it allows traders to create and utilize Expert Advisors (EAs) to execute trades according to predefined strategies. This eliminates impulsive trading and ensures consistent execution, which is essential for meeting the challenge’s objectives.

Additionally, MetaTrader 5 offers fast execution and robust data protection measures to ensure a secure trading environment.

Due to its comprehensive features, multi-market support, and advanced capabilities, which cater to a broader range of trading strategies and instruments. Powerful and optimal for prop trading are its risk management dashboards, filled with powerful tools that allow prop firms to offer a more versatile and robust trading experience.

MT5 vs MT4, cTrader, TradingView

MT5 is not only great in its own right, but also in comparison to other trading platforms. As said before, it is revolutionary compared to its predecessor, but it has nothing to envy other platforms.

The user interface is a crucial factor in determining the popularity of a trading platform. Since MT4 is now almost 20 years old, it appears outdated in comparison to its competitors, such as cTrader, which features a modern design. Nevertheless, their interfaces are both intuitive and clean, but MT5 is not only capable of competing in this aspect, but it is even better.

Of course, an excellent primary reason to use MT5 is its appearance, but what keeps users using it is its high level of performance.

While TradingView offers advanced charting tools, which are ideal for visual learners and those engaging in technical analysis. MT5 is superb in automation capabilities and has one of the fastest executions.

Best Prop Firms Using MT5

As mentioned earlier, many prop firms use MT5, particularly the larger ones. If you are considering entering the prop firm, consider factors such as the program’s reputation, transparency, and profit-sharing structure. Some prop firms that cover this criteria and also use MT5 are FundingPips, FTMO, and The5ers. If this is the area you want to explore, take a look at them.

FundingPips, for example, was founded in November 2022 and is headquartered in Dubai. They provide an extensive account analysis dashboard with detailed insights that can help improve your trading skills.

Like other founded accounts, FundingPips offers individuals the opportunity to trade using FundingPips resources, and traders earn up to 100% of the profits while not being held responsible for any losses.

How MT5 Helps Pass Funded Challenges

MetaTrader 5 (MT5) helps traders pass funded challenges by providing tools and features that enable automated trading and give technical tools fast execution, which are crucial for meeting the requirements of prop firm challenges. These challenges often involve maintaining a specific drawdown limit and achieving a profit target.

One crucial ability for a trader is risk management, and the tools for managing risk included in MT5 are the best help they can get for the evaluations. These tools include stop-limit orders, take-profit orders, and the ability to monitor drawdown limits. Also, you can track your account progress by pressing ALT+E on your keyboard.

In addition, MT5 provides a comprehensive set of technical analysis tools and indicators, enabling traders to conduct in-depth analysis and identify potential trading opportunities.

It also provides detailed reports on trade history, including entry and exit points, trade duration, and profit or loss. MT5 is by far the best platform for passing Funded Challenges.

Conclusion

In summary, MT5 is not only easy to use but also a reliable and trustworthy platform. It is widely used and has a large community, which is particularly relevant for new traders exploring the world of funded accounts. That’s why prop firms like FundingPips chose it as their primary trading platform.