Question: Can I open live/real account directly on MT5 (MetaTrader5) trading platform?
Unfortunately, you cannot open a Live trading account directly from MT5 trading platform.
You can only open Demo trading accounts directly from the platform, but for live accounts, you need to follow the certain sign up procedures provided from your Forex broker.
Without reading and agreeing to the terms and conditions and other documents, you cannot open a live trading account.
You must follow the procedure of your broker
In order to open a Live account, you need to submit two required documents which are a copy of ID and POA(Proof of Address).
It is also necessarily to provide your full information to your broker and agree to the terms and conditions provided.
Normally, login credentials(ID and Password) for your trading account will be provided when the broker accepts your request after the application.
On the other hand, Demo accounts are free to open and you can even open one directly from MT5 trading platform.
To open a Demo trading account, you do not need to provide your personal information or submit documents to brokers.
