What MT5 Simulator does

MT5 Simulator is a MetaTrader 5 Expert Advisor that converts 20+ years of historical tick data from Dukascopy, TrueFX, and HistData into real-time simulated market conditions, enabling traders to practice entries, exits, and strategy execution without risking real capital. The software supports multi-timeframe and multi-symbol analysis, economic-calendar overlays, speed control up to 10x, risk-based position sizing, and exportable MT4-style trade analytics. It targets retail traders — explicitly including 9-to-5 workers seeking financial freedom, burned-out traders repeating mistakes, and new market entrants — with stated usage across 90+ countries and a 3,500+ active-trader base.

The product is distributed exclusively through a self-serve Shopify storefront at mt5simulator.com, with three license tiers: Lifetime ($149.50, discounted from $299), Yearly ($149/year), and Monthly ($29/month), plus an optional $100/month ongoing data subscription and a $249/hour Mindset Coaching add-on. Go-to-market combines product-led growth (free trial via Discipline Mode's 5-trade allowance), community-led acquisition through a Discord server with thousands of traders, and an affiliate program paying $40/sale powered by Bixgrow. Influencer relationships (notably Raja Banks at 1M+ followers and Market Protocols at 176k+) drive top-of-funnel awareness in the retail trading niche.

MT5 Simulator is owned and operated by Sodhi Family Pty Ltd (The Trustee for PVGM Family Trust), headquartered in Sydney, Australia. The company is bootstrapped with no disclosed external funding, no acquisitions, no institutional investors, and operates as a privately held family-trust entity. A 3.9/5 Trustpilot rating, 1-on-1 AnyDesk support bundled with the lifetime license, and a 5-day money-back guarantee underpin the consumer-trust layer of the business.

Name

MT5 Simulator

Legal name

Sodhi Family Pty Ltd (The Trustee for PVGM Family Trust)

Website

https://mt5simulator.com

Company type

Private

Operating status

Operating

Short description

MT5 Simulator is a MetaTrader 5 Expert Advisor that replays 20+ years of historical tick data across 80+ instruments, enabling retail traders to practice and backtest strategies in simulated real-time conditions without risking real capital.

Ownership category

akta.pro rank

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Marketing or Sales, Personnel, Operations, Infrastructure

Revenue model

1. Lifetime License: One-time perpetual license payment ($149.50 discounted from $299) providing lifetime access including 20+ years of historical tick data, 80+ symbols, free upgrades forever, 1-on-1 AnyDesk support, 30% off Magic Keys, and 5-day money-back guarantee.
2. Yearly Subscription: Annual subscription at $149/year (50% off promotional pricing) providing full access for 12 months with all updates included and technical support.
3. Monthly Subscription: Flexible monthly plan at $29/month with cancel-anytime option. Best for testing the simulator before committing to longer terms.
4. Optional Data Subscription: Additional $100/month optional fee for guaranteed ongoing access to monthly data updates beyond date of purchase.
5. Mindset Coaching Sessions: 1-on-1 trading psychology sessions at $249/hour including 60-min live coaching call, personalized mindset audit, emotional control techniques, and exclusive resources.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels6 records

Core offering

MT5 Simulator is an Expert Advisor plugin that runs inside the MetaTrader 5 trading platform and converts more than 20 years of historical tick data from Dukascopy, TrueFX, and HistData into simulated real-time market conditions. Traders use it to practice entries, exits, and strategy execution across 80+ instruments without risking real capital. The core offering is sold as software licenses (lifetime, annual, monthly) through a self-serve Shopify storefront, with an optional paid 1-on-1 trading-psychology coaching add-on.

Product overview

MT5 Simulator is a single unified product — a trading simulation tool that runs as an Expert Advisor inside MetaTrader 5. The core offering is the MT5 Simulator itself, which users access through three license tiers: Lifetime Access (one-time payment), Yearly License (annual subscription), and Monthly License (flexible monthly option). An optional paid add-on is Mindset Coaching, providing 1-on-1 trading psychology sessions. The software integrates with data providers Dukascopy, TrueFX, and HistData for historical tick data, and uses Stripe for payment processing and AnyDesk for customer support.

Differentiator

Problem solved

Functional benefit

Products and services

• MT5 Simulator

Quantifiable outcome

• Users report passing FTMO $100K challenge on first attempt after practicing with the simulator
• +5 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature6 records

Partnerships

Five partnerships are on record, tiered core and support.

• DukascopycoreTechnology or IntegrationPrimary data provider for historical tick data used in simulations. Dukascopy provides forex tick data from 2003 onwards, enabling the core functionality of historical market replay.
• TrueFXcoreTechnology or IntegrationAlternative data provider for historical tick data from 2010 onwards. Offers 16 major forex pairs for simulation.
• HistDatacoreTechnology or IntegrationAlternative data provider for historical forex data from 2005 onwards. Provides additional forex pairs and instruments not available from other providers.
• StripecoreTechnology or IntegrationPayment processing platform handling all transactions, monthly subscriptions, and direct debit requests for the monthly access plan.
• AnyDesksupportTechnology or IntegrationRemote desktop software used for 1-on-1 customer support installations and troubleshooting. Included free with lifetime license.

Scale indicators8 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Soft4FX: Soft4FX builds trading simulators, strategy testers, and trade-copying tools for the MetaTrader ecosystem. It competes head-to-head with MT5 Simulator for the same MT4/MT5 trader base seeking practice and backtesting capabilities.
• Forex Tester: Forex Tester is a dedicated forex and CFD trading simulator with historical market replay, multi-timeframe backtesting, and visual strategy testing — directly mirroring MT5 Simulator's core use case of practicing on real historical data without risking capital.
• TickStory: TickStory provides historical tick-data download and backtesting for MT4/MT5, NinjaTrader, and MultiCharts. It overlaps with MT5 Simulator's data-replay and strategy-testing functionality and serves the same retail-trader audience.

Emerging players

• StrategyQuant: StrategyQuant is an algo-strategy builder that uses historical data to automatically generate and backtest trading strategies. It overlaps with MT5 Simulator's strategy-testing focus but emphasizes automation over manual practice/replay.
• ProRealTime: ProRealTime provides web-based charting and backtesting across multiple asset classes with a paper-trading module. It targets a similar retail-trader use case (practice and strategy validation) but primarily in European markets.

Broad incumbents

• TradingView: TradingView is the dominant charting and social trading platform with paper-trading and bar-by-bar replay functionality built into its Pro plans. It serves a far broader audience than MT5 Simulator but overlaps in providing practice environments for retail traders.
• TradeStation: TradeStation provides a professional trading platform with paper trading, EasyLanguage backtesting, and historical simulation. It competes for traders seeking strategy practice and validation, though at a much higher price tier and US-equities focus.
• NinjaTrader: NinjaTrader is a full futures and equities trading platform with built-in Market Replay (sim) and strategy backtesting. It overlaps with MT5 Simulator's replay/simulation value proposition as part of a much broader platform offering.
• FXCM Trading Station: FXCM offers a trading platform suite with paper-trading capabilities and historical strategy backtesting. It overlaps with MT5 Simulator for retail FX traders but as part of a broker offering rather than a standalone practice product.

Others

• MetaQuotes (MQL5 Market): MetaQuotes operates the MQL5 marketplace where thousands of MetaTrader Expert Advisors (including competing simulators and replay tools) are sold. It is the platform owner on which MT5 Simulator depends and the primary competitive distribution channel.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Instagraminstagram.com/rajabanks
• Xx.com/MT5__SIMULATOR
• Facebookfacebook.com/profile.php

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MT5 Simulator