How to Set Up and Start Trading on MT5 with Our Prop Firm

Making the Switch to MT5? You’re Not Alone

As more prop traders look for faster execution, flexible tools, and multi-asset support, MetaTrader 5 (MT5) has become the go-to platform, especially for those managing capital from a proprietary trading firm.

If you’re new to MT5 or switching from another trading platform, this guide will walk you through exactly how to use MT5 for prop trading with FunderPro. From signing up for a funded account to customizing your chart layouts, we’ve got every step covered.

Let’s get you up and trading.

MT5 Setup Guide for Prop Firm Traders

This step-by-step guide is designed for funded traders who want to start strong. Follow the steps below, and you’ll be ready to trade on MT5 with real capital behind you.

Step 1: Sign Up for a Funded Account Challenge with FunderPro

Before you can access MT5, you’ll need to purchase a funded trading account challenge with us.

FunderPro offers traders access to up to $200,000 in capital with transparent rules and daily rewards when you make just 1% profit.

Choose your challenge size and select MT5 as trading platform. You’re set!

👉 Buy Challenge

Step 2: Download MetaTrader 5

When you purchase a challenge, you’ll receive login credentials for MT5.

It’s now time to download MetaTrader for your device:

For Windows or Mac: Download MT5 from the FunderPro Dashboard

For mobile: Available on iOS App Store and Google Play

Make sure you’re downloading from the official source. Do not install MT5 from unofficial or third-party websites.

Step 3: Log In Using Your FunderPro Credentials

After installation, open MT5 and follow these steps:

Go to File > Login to Trade Account

Enter the Login number and Trader Password provided by FunderPro via email

Select the correct server name from the list (also provided in the email)

Once logged in, you’ll see your funded account balance, market watch window, and charts.

Step 4: Set Up Your Chart Preferences and Tools

MT5 gives you a lot of control over your charting environment. Here’s how to get started:

Open Market Watch (Ctrl+M or Cmd+M) to view available trading pairs and instruments

Drag an instrument onto the chart area to open it

Right-click the chart and select Properties to change colours, background, and grid

Add indicators by clicking Insert > Indicators, or use pre-installed templates

Adjust timeframes using the toolbar (M1 to MN1)

You can also save your chart layout as a template by right-clicking on the chart and selecting Template > Save Template. This is useful if you trade with specific setups.

Step 5: Start Placing Trades and Managing Risk

Once your charts are ready, you can place your first trade.

Here’s how:

In Market Watch, click on the Trading Tab

Find the right trading ticket for your instrument

Choose order type: market execution, pending order, etc.

Set your lot size, stop-loss, and take-profit

Click Buy or Sell

For quick access, you can enable one-click trading in Tools>Options>Trade.

Risk Management Tip

FunderPro’s prop model includes maximum daily and overall drawdown limits. Always set a stop-loss and avoid overleveraging.

To help with this, MT5 offers real-time trade tracking through the Terminal window (Ctrl+T), where you can monitor:

Current trades

Account balance

Equity and margin

Trade history and exposure

FAQ: MT5 for FunderPro Traders

Q: Can I use Expert Advisors (EAs) on MT5 with FunderPro?
Yes. Our MT5 accounts support EAs and custom indicators. Just ensure your strategy complies with our trading rules. Remember, following the same signals/trades as other users is not accepted, therefore using an EA that another trader may be using can result in a breach of our rules.

Q: Is MT5 available for mobile trading?
Yes. MT5 has fully functional mobile apps for both iOS and Android. Great for checking trades and alerts on the go.

Q: What instruments can I trade on MT5 with FunderPro?
You’ll have access to Forex, indices, commodities, crypto, and stocks.

Q: Can I switch from C-Trader to MT5?
No, unfortunately it is not possible to switch platforms. If you haven’t yet placed any trades on your account and have purchased it less than 14 days ago, you can request a refund and purchase a new MT5 Challenge.