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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

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MetaTrader Web Terminal | How to trade

January 28, 2021 14:05 UTC

metatrader web terminal

What Is the Web Terminal?

With the MetaTrader web terminal you can trade the financial markets directly from your internet browser, without having to download any software, whilst still enjoying many of the same benefits as trading on the MetaTrader trading platforms.

This makes it perfect for situations where you are away from your main trading terminal and want to continue trading without downloading any software.

Trading With the MetaTrader Web Terminal

In the following sections, we will look at how you can take advantage of trading with the web terminal with Admiral Markets. In particular, we will look at the following:

  1. Logging In
  2. Opening a Chart
  3. Technical Indicators
  4. How to Enter and Exit a Trade
  5. One Click Trading
  6. How to View the Spread

Logging In

In order to trade using the MetaTrader web terminal, you need to have either a live or demo trading account for MetaTrader 4 or MetaTrader 5.

If you have not yet opened a MetaTrader trading account and wish to do so, you might want to take a look at our following articles, which will guide you through the process:

Alternatively, you can head to the MetaTrader web terminal page on our website, enter your email and get instant access to the web terminal and EUR 10,000 virtual funds with a demo account to practice.

If you already have a trading account, on the same page you can click on either “MetaTrader 4” or “MetaTrader 5”, depending on your account type, in order to log in.

metatrader admiral markets

You will then be redirected to the web terminal, where you will need to enter your account details and select the relevant server from the drop down box.

If you are unsure what your login details are, you can find them by logging into the Trader’s Room.

metatrader login

Depicted: Admiral Markets MetaTrader WebTrader

Once you have successfully logged in, you will be presented with a screen which is very similar in appearance to the desktop platforms. For the purposes of this article, we will be looking at the MetaTrader 5 web terminal, however, unlike the desktop trading platforms, the cosmetic differences between MetaTrader 4 and 5 are minimal.

metatrader web traderDepicted: Admiral Markets MetaTrader WebTrader - GBPUSD H1 Chart. Date Range: 19 January 2021 - 26 January 2021. Date Captured: 26 January 2021. Past performance is not necessarily an indication of future performance.

Trade Risk-Free With an Admiral Markets Demo Account

An Admiral Markets demo account allows you to trade using virtual currency in real market conditions! This means you do not have to risk your own capital whilst you perfect your trading technique! Click the banner below to get started:

Demo Account with Admiral Markets

Opening a Chart

The Market Watch window to the left hand side of the screen displays symbols available to trade. In order to add other symbols, scroll to the bottom and search for your desired symbol in the search bar.

MetaTrader market watch

Depicted: Admiral Markets MetaTrader WebTrader - Market Watch

Right clicking on a symbol presents you with various options, including ‘Chart Window’, which will open a price chart for the selected instrument. Alternatively, you can click and drag your desired instrument onto the chart section of WebTrader to open a chart.

MetaTrader market watch options

Depicted: Admiral Markets MetaTrader WebTrader - Market Watch

In the toolbar at the top of the screen, you will see options in order to change the timeframe of an open price chart, as shown below.

MetaTrader timeframe options

Technical Indicators

In order to add technical indicators to your price chart, select ‘Insert’ at the top of the screen and ‘Indicators’, where you will be presented with many of the same options as on the desktop trading platform.

Unfortunately, this area highlights one of the few downsides of trading with the WebTrader, which is that any custom indicators you have set up on your MetaTrader trading platform will not be available to use.

MetaTrader indicators

Depicted: Admiral Markets MetaTrader WebTrader - Indicators

GBPUSD H1 Chart Bollinger bands moving averageDepicted: Admiral Markets MetaTrader WebTrader - GBPUSD H1 Chart With Bollinger Bands and Moving Average. Date Range: 14 January 2021 - 26 January 2021. Date Captured: 26 January 2021. Past performance is not necessarily an indication of future performance.

How to Enter and Exit a Trade

To place a new order in the MetaTrader web terminal, you can right click the relevant symbol in ‘Market Watch’ and select ‘New Order’.

You will be presented with the following screen, allowing you to choose the type of order, its volume and set a stop loss and take profit.

MetaTrader new order GBPUSDDepicted: Admiral Markets MetaTrader WebTrader - New Order - GBPUSD

Once you have opened a position, your entry price, stop loss level and take profit level will be marked on the price chart, as shown below.

GBPUSD H1 Chart Take Profit stop lossDepicted: Admiral Markets MetaTrader WebTrader - GBPUSD H1 Chart. Date Range: 13 January 2021 - 26 January 2021. Date Captured: 26 January 2021. Past performance is not necessarily an indication of future performance.

Any open trades will also be shown at the bottom of the screen in the ‘Toolbox’. As well as your current positions, you can also keep track of your balance, equity, margin, free margin and margin level.

Toolbox MetaTrader tradesDepicted: Admiral Markets MetaTrader WebTrader - Toolbox - Trade

In order to close a position, right click the relevant trade in the Toolbox and select ‘Close Position’. 

You will be presented with the following dialogue box, where you will need to confirm that you want to close your position. 

MetaTrader close positionDepicted: Admiral Markets MetaTrader WebTrader - Close Position

By right clicking on the open position in the Toolbox, you can also modify an existing trade.

MetaTrader modify positionDepicted: Admiral Markets MetaTrader WebTrader - Modify Position

One Click Trading

In order to turn on one click trading, you need to right click on an open price chart and then select ‘One Click Trading’.

MetaTrader one click tradingDepicted: Admiral Markets MetaTrader WebTrader - GBPUSD H1 Chart. Date Range: 14 January 2021 - 26 January 2021. Date Captured: 26 January 2021. Past performance is not necessarily an indication of future performance.

You will then see the one click trading terminal added to the top left hand corner of your price chart. From here enter the desired lot number in the middle and then click either ‘Buy’ or ‘Sell’ to open a trade with just one click. The first time you do this, you will be presented with a screen asking you to confirm that you want to turn on one click trading.

GBPUSD H1 Chart One click tradingDepicted: Admiral Markets MetaTrader WebTrader - GBPUSD H1 Chart. Date Range: 14 January 2021 - 26 January 2021. Date Captured: 26 January 2021. Past performance is not necessarily an indication of future performance.

How to View the Spread

The spread is the name given to the difference between the bid and ask prices of a financial instrument and is one of the main sources of income for a broker.

In the MetaTrader web terminal, it is very simple to see the spread for the different symbols you have displayed in the ‘Market Watch’ window. In order to view the spread, right click on any of the symbols in Market Watch, highlight ‘Columns’ and then select ‘Spread’.

MetaTrader View the Spread

Depicted: Admiral Markets MetaTrader WebTrader - Market Watch

Once selected, a new column will appear in Market Watch on the right hand side, which will display the spread in pips of every symbol.

MetaTrader Market Watch Spread

Depicted: Admiral Markets MetaTrader WebTrader - Market Watch

Final Thoughts

You should now have an understanding of how you can trade a wide variety of instruments through your internet browser with the MetaTrader web terminal!

The best way to familiarise yourself with the WebTrader is to head over and give it a go yourself! If you are new to trading, or just want to practice whilst getting used to the web terminal, it might be a good idea to trade with a demo account before heading for the live markets.

Trade With MetaTrader 5

When it comes to trading the financial markets, there are few better options than MetaTrader 5, the world’s number 1 multi-asset trading platform. MetaTrader 5 enables traders access to superior charting capabilities, free real-time market data & analysis and much more! Click the banner below to start your free download:

Download MetaTrader 5 trading platform

About Admiral Markets

Admiral Markets is a multi-award winning, globally regulated Forex and CFD broker, offering trading on over 8,000 financial instruments via the world's most popular trading platforms: MetaTrader 4 and MetaTrader 5. Start trading today!

This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.