What is MetaTrader 5 (MT5)?
MetaTrader 5, also known as MT5, is a trading platform developed by MetaQuotes Software. It is designed for traders—advanced and beginner—trading on stock and commodity markets. It was released in 2010. It enables the trader to carry out Forex trading, stock trading, and other mechanisms based on assets. It contains powerful charts and the possibility to trade with technical indicators, automated trading through Expert Advisors, and MT5 trading systems. The platform maintains many types of order capabilities and maintains versatility in its appearance. Trade with MT5 on Exness for a more powerful and versatile trading experience.
Why Trade with Exness Using MT5?
Exness offers MT5 to its clients because of various reasons.
- Advanced Tools: MT5 offers sophisticated charting, automated strategies, enhanced risk management tools.
- Multi-asset Trading: Forex, Stocks, Indices, Commodities
- Security: Accounts and trades are absolutely protected by advanced Encryption.
- Education: Webinars, Articles, Videos to help improve knowledge related to trading.
- Customer Support: The large support team is always available to help traders.
Exness MT5 is a full-featured trading platform from one of the world’s most trusted brokers, so this ensures the easiest and safest experience in trading.
How to Download Exness MT5
The trading platform is available for download on the Exness site for all popular operating systems. Use the following steps to download MT5 for your platform.
Downloading MT5 on Windows
Windows users:
- Log in to the Exness website, then go to the “Platforms” section and select “MetaTrader 5”.
- Click on the link to download MetaTrader 5 for Windows.
- Save the .exe file to your computer.
- Run the .exe file.
- Follow installation wizard instructions.
- Accept the license terms. Select the Installation Directory Start trading after installation and logging in.
Downloading MT5 on MacOS
You can install MT5 for Mac directly from the website of Exness. “Platforms” → “MetaTrader 5”. Download the disk image file for MacOS. Finally, double-click the downloaded file, mount it and run the installation package. It will install MT5 into your Applications folder. Open this app and log in with your Exness account.
Downloading MT5 on iOS
For iOS devices — iPhone and iPad: download MetaTrader 5 from the App Store for free. Then install it and log in with your Exness account details. You can also turn on some settings — like fingerprint login for extra security and ease of use.
Downloading MT5 on Android
For Android is available in the Google Play Store. Here’s how to download it:
- Enter the Google Play Store.
- Search for “MetaTrader 5” and select this application.
- Click “Install” to download the free application.
- Open the MT5 application after it has been downloaded.
- Log in to your Exness account.
Logging into Your Exness Account on MT5
After downloading and installing MT5, you need to connect to your Exness account using the following steps:
- Open MetaTrader 5.
- Type in your Exness account login details.
- If you want to add a new Exness account later, go to File → “Add Account”, lead your account number and password there.
- You can save the login details to access quickly or type them every time for security.
Using Exness MT5 for Trading
After you’ve downloaded MT5 and set up your account, you’re ready to trade with Exness. MT5 is an extremely feature-rich platform, but the basic functions are quite easy to master for a beginner trader.
How to Use the MT5 Interface
First time when you open MT5, you will probably see many windows and buttons—it looks complicated. Don’t worry, though—you will get familiar so quickly. In brief, here are the main areas:
- Market Watch: Browse and select trading instruments.
- Charts: swear at price movements.
- Terminal: place and manage orders
- Toolbox: run indicators and expert advisors
Easy-to-use menus along the top open up other tools. Don’t be intimidated by all of the different displays and buttons. You don’t need to learn everything right away. Feel free to click around MT5 and it a look at its various views and features. Most trading functions are located under the Tools and Trade menus.
Placing Trades on MT5
Locate the instrument you want to trade in Market Watch.
- Right-click on it and select “New Order” or simply use the shortcut.
- The New Order window will open.
- Here, select order type — market, limit, etc. — and entry price where applicable, and trade size.
- Carefully review the details of your order before submitting it.
- Drag-and-drop instruments onto the chart so that you will be able to trade right from it.
Pending orders and Stop Loss/Take Profit levels can be set up in just a couple of clic
Managing Open Positions
All the open orders you have opened are reflected in the Trade tab within the Terminal window. Keep up to date live status of your trades there. In order to either change or close a position, select it and use the buttons at the top. From this section of MT4, change order details; set exit points via sell limit/stop or buy limit/stop; activate trailing stops; manage risks.
Using Charts and Indicators
Price chart analysis is undoubtedly of essence in making informed trades. MT5 conducts flexible technical analysis. You can change chart types, timeframes, and apply indicators from the Indicators list easily.
Play around with the different available indicators to see what would best fit your trading style. The chart settings can also be adjusted for the most suitable view on your PDA device.
How to personalize your trading platform
MT5 is an ultra-customizable platform. Adjust menu settings, color schemes, workspaces, and automated EAs per your taste.
There can be a lot of profiles for various trading cases or classes of assets. Save your favorite tools and layouts as custom templates. MT5 offers comprehensive personalization options.
Exness’ MetaTrader 5 platform is rich in functionality, covering the whole process of trading. You control how simple or advanced it will be, thus creating the ideal workspace for trading with it.
What Is Available for Trading in the Exness MetaTrader 5 Terminal
Exness uses the MetaTrader 5 trading platform, providing access to hundreds of financial instruments across many asset classes. While Forex pairs are tremendously popular, MT5 includes stocks, indices, commodities, metals, energies, and others.
Forex traders will have major pairs like EUR/USD, GBP/USD, and USD/JPY, together with a great number of crosses and exotic currencies. Stock portfolios include the top companies listed in the US, Europe, and Asia. The commodities list will include agricultural products such as grains, soybeans, and coffee, precious metals like gold and silver, and energy products like crude oil and natural gas.
Whatever you want to trade, it’s probably available on Exness through MT5. This alone is a massive strength of the multi-asset capability of this platform compared with forex-only terminals and makes portfolio management much easier.
How MetaTrader 5 Is Better Than MetaTrader 4 and Exness WebTerminal
Exness has several quality trading platforms, but often overall, MetaTrader 5 stands as the best. Following are some of the important advantages of MT5:
Versus MT4:
- More Asset Classes Supported: Forex trading is available alongside other asset classes like stocks, indices, and commodities.
- Improved Charting: Advanced charting options, timeframes.
- Additional Order Types: More order types and modes of trade execution.
- Inbuilt Exchange Connectivity: Market depth and connectivity to an exchange.
- Improved Strategy Testing Enhanced strategy testing and optimization features.
Versus Exness WebTerminal:
- The full functionality without the necessity to have an uninterrupted internet connection. More workspace customization options.
- One can look forward to access to EAs or Expert Advisors.
- MT5 furthers the success of MT4 through the enhancement of multi-assets and a new level of innovative features for modern traders.
- While web versions can’t win on reliability, customizing options, and tools against the desktop MT5 terminal in comparison to the web-based platforms.
As for flexibility and rich functionality, MetaTrader 5 by Exness is the best option. Its rich design is still user-friendly, thus quite suitable for any kind of trader.
FAQs
Where can I download the Exness MetaTrader 5 (MT5) platform?
You can download the Exness MT5 platform from the Exness website under the “Platforms” section or from the Google Play Store and Apple App Store for mobile devices.