Native MT5 MCP versus a hosted MCP server

MetaQuotes' terminal MCP and fxapis's hosted MCP are different places to run MetaTrader 5. Neither is the only route. Compare where the terminal runs, how you sign in, and what each can do.

MetaQuotes added MCP to the MetaTrader 5 terminal in build 6060 (23 July 2026). That server runs inside the terminal on the machine where the terminal is open. fxapis runs a separate MCP server at https://api.fxapis.com/mcp. The terminal is in our cloud. These are not two names for one product.

Checked against MetaQuotes' terminal help and the fxapis MCP guide on 1 November 2026. Native MCP exists. fxapis is not the only MCP route, and not every ChatGPT plan can call every tool.

	Native terminal MCP	fxapis hosted MCP
Where MT5 runs	On the computer that has the terminal open	In the fxapis cloud. Your computer can be off.
Who it can reach	Clients that can open that machine	Any MCP client that can call an HTTPS URL
Sign-in	Whatever the terminal build asks for	Sign in (OAuth) for Claude and ChatGPT. An API key for Cursor, VS Code, and unattended agents.
Read-only	Depends on the terminal build and the account password you used	A key or grant without `trading:execute`. A separate read-only connector is at `/mcp/insights`.
Trading	The terminal's own permissions	Only if the key or grant allows it, and only on the accounts you picked
Several accounts	One terminal is logged into one account	One workspace, many accounts, each brought online on its own
Your job	Keep the terminal running and reachable	Connect each account once. Revoke the app or the key when you are done.

Start with the MCP guide if you want the hosted path, and the read-only guide if the assistant must not trade. The landing page uses the same split: sign in for interactive clients, a key for scripts.