Broker vs Meta Trader 5 Live Account.

[Anthony Franco]

Good Evening All.

I am a bit confused & need clarification on the following :-

a) Why do I need a Forex Broker if Iam comfortable with Meta Trader 5?

b) Isn't Meta Trader 5 Live Account a type of Broker. Can I not deposit & withdraw funds from Metra Trader 5 Live Account to my Personnel Bank Account via Wire Transfer?

c)  Reason being I am trying to keep the process simple :-  Personnel Bank Account For Funding > Meta Trader 5 Live Account & Meta Trader 5 Live Account For The Purpose of Trading > My Personnel Bank Account for Profit Taking.

D) Is their something I am missing?

Thank You In Advance.

Regards Anthony.

[Alain Verleyen]

Anthony Franco:

Good Evening All.

I am a bit confused & need clarification on the following :-

a) Why do I need a Forex Broker if Iam comfortable with Meta Trader 5?

b) Isn't Meta Trader 5 Live Account a type of Broker. Can I not deposit & withdraw funds from Metra Trader 5 Live Account to my Personnel Bank Account via Wire Transfer?

c)  Reason being I am trying to keep the process simple :-  Personnel Bank Account For Funding > Meta Trader 5 Live Account & Meta Trader 5 Live Account For The Purpose of Trading > My Personnel Bank Account for Profit Taking.

D) Is their something I am missing?

Thank You In Advance.

Regards Anthony.

You need a broker to get an MT5 live account.

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

help

Sergey Golubev, 2021.01.28 07:02

Find Metatrader broker (there are a lot of Metatrader brokers, use google to find), and open the account according to their condition on their websites.
Try with demo first.

1. The article - MQL5.community - User Memo 

2. MetaTrader 5 Help - Open an Account

3. Where Do I start from?
https://www.mql5.com/en/forum/212020 

4. MetaTrader 5 Help - Trading Platform — User Manual 

5. How to make a search on the forum
https://www.mql5.com/en/forum/193510 

6. Find a Server by the Broker's Name: 
https://www.mql5.com/en/forum/214820

7. My list of brokers: https://www.mql5.com/en/forum/353226/page3

[Eleni Anna Branou]

Anthony Franco:

Good Evening All.

I am a bit confused & need clarification on the following :-

a) Why do I need a Forex Broker if Iam comfortable with Meta Trader 5?

b) Isn't Meta Trader 5 Live Account a type of Broker. Can I not deposit & withdraw funds from Metra Trader 5 Live Account to my Personnel Bank Account via Wire Transfer?

c)  Reason being I am trying to keep the process simple :-  Personnel Bank Account For Funding > Meta Trader 5 Live Account & Meta Trader 5 Live Account For The Purpose of Trading > My Personnel Bank Account for Profit Taking.

D) Is their something I am missing?

Thank You In Advance.

Regards Anthony.

The Metatrader 4/5 terminal is the software used for trading, a trading account is used in order to trade with MT4/5 and you can open that with any forex broker.

Any money that you will deposit (or withdraw from) into your trading account (through your broker), will be reflected in your account balance in the MT4/5 terminal.