MetaTrader 5 at IC Markets: Breadth, and Where Swap Free Stops

MT5 quotes 2,250 instruments against 121 on cTrader. The number that matters more from Pakistan is 90-plus: how many of them appear on the published Swap Free table.

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Opening an account costs nothing at all on Raw Spread, cTrader Raw Spread or Standard, USD 5,000 on Raw Pro and USD 100,000 on Raw Pro+ · Leverage falls away in steps as size grows: the 1:5000 headline reaches only the first 0-25 lots on MetaTrader, then 1:3000 to 50 lots and 1:1000 beyond, while cTrader is held at 1:1000 across the whole range · The balance itself is kept in one of ten base currencies and the rupee is not one of them · Figures read from the brand pages on 2 September 2026

MetaTrader 5 opens the widest instrument list this broker offers - 2,250 symbols against 121 on cTrader - on the same Raw Spread and Standard accounts as MT4 and the same Equinix NY4 servers in New York, read on 2 September 2026. For a Pakistani reader the interesting number is not 2,250 but 90-plus: that is how many instruments the Swap Free option actually covers, and Swap Free is the account variant the branch opened for Pakistan is marked eligible for.

Where the two lists stop overlapping

A symbol quoted on MT5 is not automatically a symbol you can hold overnight on Swap Free terms. The broker publishes a filterable table of the covered instruments by class - major, minor, exotic, index, energy, metal - each with its own flat per-lot overnight figure, and everything outside that table keeps ordinary swap. Check the symbol you intend to carry, not the platform.

The one thing MT5 cannot do

It cannot move an existing MT4 account across. The platform is fixed when the account is registered, so installing MT5 over an MT4 account gives you a program with nothing to log in to. CFD trading carries a high risk of losing money.

MetaTrader 5 (MT5) at IC Markets

2,250 instruments quoted on MetaTrader accounts, of which 90+ appear on the published Swap Free table
Same Equinix NY4 machines as MT4, so the same nine-to-ten-hour gap to PKT and the same mid-morning rollover
Leverage banded to 1:5000 over the first 25 lots only, with Swap Free offered on Raw Spread and Standard alike
Stop out at 50% on every account type, judged on equity in the base currency and never in rupees

Breadth or interface: choosing between the terminals

Platform	Pricing model	Best for	Devices
MetaTrader 4 / MetaTrader 5	Raw Spread bills USD 3.50 each way, USD 7.00 the round turn; Standard hides the same cost in a spread from 0.8 pips with no commission line	Anyone who needs all 2,250 symbols, order depth, or the New York rollover stamp	Desktop, web and mobile builds, listed per device on the brand pages
cTrader	USD 3.00 per USD 100,000 per side	Traders happy with 121 symbols in exchange for the cTrader interface and its copy tools	Desktop, web, iOS and Android, stamped by London rather than New York - four to five hours behind PKT instead of nine to ten
TradingView	Identical to cTrader Raw Spread pricing, London side	Chartists who never want to leave TradingView and accept the London-side symbol list	Browser

The choice comes down to breadth against interface: MetaTrader carries 2,250 symbols and a New York rollover, cTrader carries 121 and a London one. Both connect to the same client portal.

Putting MT5 on your machine

Download MetaTrader 5 (MT5) from your Secure Client Portal area after you open an account, or try it first on a free demo.

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What MT5 adds over MT4 in practice

Feature	MetaTrader 5 at IC Markets
Markets	Forex, metals, indices and share CFDs
Charting	80+ indicators, 21 timeframes
Tools	Depth of Market, more order types, economic calendar
Devices	Windows, Mac, WebTrader, iOS, Android
Server	Equinix NY4, New York (same as MT4)
Swap Free	Available on Raw Spread and Standard, 90+ instruments

The account underneath the platform

Detail	IC Markets
Minimum deposit	Nothing required on the three main accounts, though the balance is denominated in one of ten currencies and PKR is absent
Maximum leverage	MetaTrader bands down from 1:5000 as size grows; cTrader stays at 1:1000 whatever the size
Tradable instruments	2,250+ on MetaTrader, 121 on cTrader, with 90+ carrying a published Swap Free overnight figure
Account types	Raw Spread, cTrader Raw Spread and Standard, plus the early-access Raw Pro pair
Platforms	MetaTrader 4 and 5 from New York; cTrader and TradingView from London
Execution	No dealing desk; institutional liquidity passed through without a desk in between
Support	Every day of the week, in English only, with no Pakistan office and no Urdu line advertised
Pakistan-specific licence	None whatsoever. There is no retail forex or CFD regime in Pakistan to hold one, and SBP EPD Circular Letter No. 08 of 2022 tells banks to block payments to offshore CFD platforms

Taken from the brand pages on 2 September 2026; verify before acting. Leverage means a high risk of losing money.

Two things people get wrong about MT5 here

Is MT5 the more expensive terminal at IC Markets?

No. Price lives on the account rather than on the terminal: Raw Spread and Standard carry the same spread, the same commission and the same Swap Free option whether the orders go through MT4 or MT5.

Does the wider MT5 symbol list change anything about paying in from Pakistan?

Not one thing. Breadth is a trading question and funding is a payment question. The account still settles in one of ten base currencies with PKR absent, no Pakistani rail appears on the published funding list, and SBP EPD Circular Letter No. 08 of 2022 applies to the transfer whichever of the 2,250 symbols you intend to trade.