Can a new prop firm still get MetaTrader 5?
Quick answer
Possibly, but access for prop firms has been tightly controlled since 2024 and typically requires a direct arrangement with MetaQuotes or a broker licensed to provide it for prop use, with restrictions on serving US clients. Ask the provider directly, in writing, whether prop evaluation use is permitted.
Detailed answer
Questions to ask before relying on MT5:
- Is the licence held by you or by a broker sharing it?
- Does the licence explicitly permit prop evaluation use?
- Which countries are excluded?
- What happens to your accounts if the licence ends?
Traders like MetaTrader because they know it, so the familiarity is real. The trade-off is dependency on licensing decisions outside your control. Alternatives include cTrader, Match-Trader, DXtrade, TradeLocker and purpose-built prop platforms such as PropExecutor, which runs its own browser and Android terminal.
If you pursue MT5
- Get prop use and permitted countries confirmed in writing.
- Understand who holds the licence and what happens if that relationship ends.
- Plan how you would migrate if access were withdrawn.
Alternatives traders accept
Since 2024, many traders have become comfortable with other terminals, so MT5 is no longer essential for attracting buyers.
Weigh that familiarity against the cost of losing access later.
PropExecutor team · Updated
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