There could be several reasons why you are unable to place trades on MT5 (MetaTrader 5). Here are some common issues and their solutions:
Account Type and Restrictions: Ensure that you are logged into a trading account that allows live trading. Some accounts like ‘Investor’ accounts are read-only and do not permit executing trades.
Insufficient Funds: Check your account balance to ensure you have sufficient funds to cover the margin requirements for the trade sizes you are attempting to place.
Market Availability: Make sure the market you are attempting to trade is open. Trades cannot be placed outside of regular market hours unless you are trading on markets that function after hours or on weekends.
Platform and Network Connection: Ensure your MT5 platform is connected to the internet. You can check the connectivity status at the bottom right corner of the platform. If there’s an issue, restart the platform or your device, and check your internet connection.
Correct Broker Details: Confirm you are using the correct server details for your broker. Having incorrect login credentials or server settings can prevent trades from being placed.
Trade Type Limitations: Confirm that your broker supports the specific type of trade (such as buy or sell orders, CFD, futures, etc.) and the asset you are attempting to trade.
Trade Permissions and Verification: Some brokers require account verification before allowing trade execution. Make sure you have completed any verification process required by your broker.
Platform Updates and Bugs: Sometimes, an outdated or corrupted platform might cause issues. Make sure your MT5 client is updated to the latest version and consider reinstalling if problems persist.
By addressing these common issues, you should be able to identify and solve the problem preventing you from executing trades on MT5. If the problem continues, contacting your broker’s support service might provide more specific assistance related to your account.
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