What is Bybit MetaTrader 5 (MT5)?
MetaTrader5 (MT5), developed by MetaQuotes in 2010 is one of the most popular trading platforms worldwide. The platform's popularity mainly stems from its clean interface and the fact that users can create algorithms to automate their trading strategies. Clients who have traded previously in FX/CFDs would find MT5 familiar as the platform is commonly offered among brokers within the FX industry space.
When trading on Bybit's MT5 (TradFi), trades would be directed to our exchange (ECN model) for execution rather than be handled by a Market Making broker.
In order to get started on TradFi MT5, users are required to first open an account with Bybit. Your TradFi MT5 login credentials will be different from your Bybit account (UID), where you would be issued a separate login ID and password to access the MT5 platform.
Differences between MT5 and Bybit Mainnet Trading
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Bybit Mainnet |
Bybit TradFi MT5 | |
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Platforms Available |
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Trading Fees |
Depending on the order execution type and VIP Level, each trade will either incur a maker or taker fee |
Contracts will be charged a commission based on the amount of lot traded. For more information, please check out this link. |
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Funding Fees |
Charged every 8 hours* (*for most contracts) |
Charged Swap Fees for overnight charges. For more information, please check out this article. |
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Order Types |
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Leverage |
Flexible Leverage (Up to 100X) |
Fixed and unique leverage for each symbol |
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Margin Modes |
Isolated, Portfolio and Cross Margin Mode |
Neither. MT5's margin mode is similar to cross margin with some minor differences |
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Risk-Limit |
Please refer to this page to see Bybit USDT Perpetuals Risk Limit. |
TradFi MT5 utilizes a tiered margin for the margin requirements for all contracts available on MT5. Check this article to learn more about MT5's Tiered Margin. |
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Hedging |
Allows Hedging. Hedged positions occupy the margin from both legs of the trade. |
Allows Hedging. In a hedged position, the margin requirement would be based on the "larger margin" leg between the two position(s). |
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Margin Utilization (Active Orders) |
Active Orders take up a margin from the user's Available Balance. |
Active Orders do not take up additional margin |
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Liquidation |
Occurs when Mark Price reaches Liquidation Price. Liquidated positions would be settled based on Bankruptcy Prices. |
Occurs when the Margin Level percentage falls below 50%. MT5 uses Bid/Ask Prices for liquidation settlements |
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Expert Advisors (EAs) |
No. Users will need to connect to Bybit's API and create their algorithm coding logic instead. |
Yes. Users may import their favorite EAs from external MT5 broker platforms to be used within Bybit MT5 Client Terminal. |
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Signals/Copy Trading |
Yes, but only via Bybit Copy Trading |
Users can decide to connect to a signal provider and automatically copy trades of professional traders
Or use MT5 Copy Trading at this link. |
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Marketplace |
No |
MT5 offers a Marketplace for users to Buy/Sell any robots or indicators directly within the platform |
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Indicators |
Default indicators from TradingView |
Highly customizable indicators. Alternatively, users may download directly from MQL5 forums or the marketplace |