Want to start real trading but confused about how to open a live account on MetaTrader 5? Don’t worry—the process is actually simple, as long as you understand the steps: choose the right broker, register, verify (KYC), and then log in to your live account on the MT5 app.
In this guide, you will learn step-by-step how to open a live MT5 account from scratch to being ready to trade.
What is a Live Account on MetaTrader 5?
A live account on MetaTrader 5 (MT5) is a trading account with real money. Unlike a demo account that uses virtual funds, a live account means every order (buy/sell) directly impacts your actual balance.
Suitable for:
- Traders who have practiced on a demo and want to go live
- Traders who already have a strategy/risk management plan
- Beginners who want to start trading small (micro/cent if available)
Preparation Before Opening a Live MT5 Account
Before you start, prepare the following to speed up the process:
- Active email + phone number (WhatsApp preferred)
- ID card/Passport (for identity verification)
- Proof of address (sometimes required): utility bill, bank statement, credit card bill, or official document showing the same name and address as your ID.
- MetaTrader 5 application (Android/iOS/Windows/Mac)
- Deposit method: local bank/e-wallet/card/crypto (depending on the broker)
How to Open a Live Account on MetaTrader 5 (Step-by-Step)
1) Choose a Broker that Supports MT5
MetaTrader 5 is a platform, not a broker. So you need a broker that provides MT5 servers.
Tips for choosing a broker (important):
- Clear regulation (at least has an official license)
- Easy deposit & withdraw (local banks are more convenient)
- Reasonable spreads and commissions
- Quick support (WhatsApp/Live Chat)
- Stable server (not frequently disconnecting)
Note: Ensure the broker provides a live MT5 account, not just MT4. If you are an Indonesian citizen, it is highly recommended to use a broker regulated by Bappebti. Read: a complete review of the best regulated brokers in Indonesia that I have discussed!
If you are a foreign citizen (outside Indonesia), you can use brokers based in major countries like Australia, the UK, and the US such as IC Markets, Axitrader, or Pepperstone.
2) Register an Account on the Broker’s Website
Go to the broker’s website → click Register/Open Account/Sign Up.
Usually, you will fill in:
- Full name
- Phone number
- Country & account currency (USD/IDR depending on the broker’s choice)
- Account type (Standard/ECN/Raw Spread)
After registering, the broker will send a confirmation email.
3) Verify Your Account (KYC)
To deposit & withdraw, almost all brokers require identity verification.
Upload documents:
- Identity: ID card/Passport
- Selfie (sometimes required)
- Proof of address (if requested)
Tips to avoid rejection:
- Photos must be clear, not blurry
- Data must match the registration form
- Ensure documents are not expired
4) Create a Live Trading Account in the Broker’s Dashboard
After KYC, log in to the broker’s Client Area/Dashboard.
Look for the menu:
- Open Live Account
- Create Trading Account
- Add Account (MT5)
Then select:
- Platform: MetaTrader 5
- Account type: Standard/ECN/Raw
- Leverage: for example, 1:100, 1:200, 1:500 (adjust to risk)
- Base currency: USD/IDR
- Trading password (create a specific password for MT5)
Once successful, you will receive:
- Login/Account ID
- Password
- Server name (e.g., BrokerName-Live/BrokerName-MT5 Live)
This is 3 important data for logging into MT5.
5) Download & Install MetaTrader 5
If you don’t have it yet:
- Android/iOS: install “MetaTrader 5” from the store
- Windows/Mac: download MT5 from the broker or MetaQuotes.com
6) Log in to Your Live Account on MetaTrader 5 (Most Common Mistake Here)
Open MT5 → log in using your broker account.
On Mobile (Android/iPhone):
- Open MT5
- Go to Manage Accounts
- Select Login to an Existing Account
- Type the broker name → select the correct server (e.g., “BrokerName-MT5 Live”)
- Enter Login and Password
- Done → live account is active
On PC/Laptop:
- File → Login to Trade Account
- Fill in Login, Password, Server
- OK
Important tip: Many people fail to log in due to selecting the wrong server (Live vs Demo).
7) Deposit Funds into Your Live Account
If your account is logged in but the balance is still 0, you need to deposit through the broker’s dashboard.
General steps:
- Broker dashboard → Deposit
- Select payment method
- Enter amount
- Follow payment instructions
- Balance enters MT5 (usually automatic, some brokers may take a few minutes)
8) Check if the Account is Truly Live
Quick ways to ensure your account is live:
- Check the server name: usually contains the word Live
- In the “Trade” tab, the balance shows real deposit funds
- In the broker dashboard, the account is listed as Live Account
If still in doubt, create a small 0.01 lot to test (still use risk management).
Common Issues When Opening a Live MT5 Account (and Solutions)
Account Cannot Log In
Most common causes:
- Wrong server (demo selected while it’s a live account)
- Incorrect password (trading password is different from client area password)
- Account locked (too many login attempts)
Solution: reset password in the broker dashboard + ensure the server is live.
No Broker/Server Options in MT5
Solution:
- Type the correct broker name (use the full brand keyword)
- If the broker does not appear, download the broker’s MT5 version (some brokers have branded MT5)
Balance Does Not Appear After Deposit
Solution:
- Wait 5–15 minutes (depending on the method)
- Check deposit status in the broker dashboard
- Restart MT5 / log out and log back in
- Contact broker support if the status is “success” but the balance hasn’t appeared
Safe Tips for Beginners Who Just Opened a Live MT5 Account
- Start with small lots (0.01) and limit risk per transaction
- Don’t immediately use high leverage just because it’s available
- Ensure you understand: spread, commission, swap, margin
- Use stop loss (SL) and a take profit (TP) plan
- If using EA/bot, test first on demo or cent account (if available)
FAQ: How to Open a Live Account on MetaTrader 5
1) Can I open a live account directly from the MT5 app?
Usually, the live account process still goes through the broker (registration + KYC). MT5 is just a platform for logging in and trading.
2) What is the minimum deposit for a live MT5 account?
Depends on the broker, can start from tens to hundreds of thousands of rupiah, or $10–$100.
3) Can the MT5 account be used on multiple devices?
Yes. The same login can be used on both mobile and laptop.
4) What is the difference between a demo and live account on MT5?
Demo: virtual money, for practice. Live: real money, real profit/loss.
Conclusion
Now you understand how to open a live account on MetaTrader 5: choose a broker → register → verify → create a live MT5 trading account → log in to MT5 → deposit → ready to trade. The key points are the correct live server and complete KYC for smooth deposits/withdrawals.
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