What Is MetaTrader 5 (MT5)?
MetaTrader 5 (MT5) is a widely used trading platform for Forex, CFDs, stocks, and commodities. It is an advanced version of MetaTrader 4 (MT4) and is known for its sophisticated charting capabilities, enhanced order types, and more robust backtesting features. MT5 offers more tools, improved performance, and multi-asset trading under one platform, making it a popular choice for traders worldwide.
Key Features of MT5 for Forex and CFDs
MT5 is designed to provide traders with everything they need for efficient trading. Some of its key features include:
- Multiple Timeframes: Access to multiple timeframes for better analysis.
- Advanced Charting Tools: Includes over 80 technical indicators for comprehensive market analysis.
- More Order Types: Features market, limit, stop, and trailing stop orders.
- Strategy Tester: Backtest trading strategies across multiple assets.
- Economic Calendar: Stay informed with economic events directly from the platform.
MT5 vs MT4 – What’s The Difference?
While both MT5 and MT4 are powerful platforms, they offer distinct features. Here’s a quick comparison:
| Feature | MT5 | MT4 |
| Market Coverage | Forex, Stocks, Commodities, CFDs | Primarily Forex and CFDs |
| Timeframes | 21 timeframes | 9 timeframes |
| Order Types | More advanced orders | Limited order types |
| Charting | Advanced tools and more indicators | Fewer charting tools and indicators |
| Strategy Testing | Multi-threaded strategy tester | Single-thread strategy tester |
MT5 is more comprehensive and suited for advanced traders, while MT4 is still a reliable platform for basic Forex trading.
Why Choose MT5 on Exness?
Exness offers MT5 with a high level of security, fast execution, and a user-friendly interface. The platform is ideal for traders looking to access multiple markets, use advanced order types, and make use of powerful analytical tools. The integration with Exness ensures fast, reliable trade execution and comprehensive market analysis, which can significantly improve your trading experience.
How to Download and Install Exness MT5
Exness provides various options to install MT5 across different devices. Whether you’re a desktop user or prefer trading on the go with mobile devices, getting started with MT5 on Exness is quick and easy.
MT5 for Windows and Mac
You can download and install the MT5 platform directly to your PC or Mac by following these steps:
- Visit the Exness Website: Go to the Exness website and navigate to the MT5 download section.
- Download the Installer: Click the download button for Windows or Mac.
- Run the Installer: After downloading, open the installer and follow the on-screen instructions to complete the setup.
- Log in to Your Exness Account: Once installed, log in using your Exness credentials to start trading.
MT5 App for Android and iOS
Exness also offers a mobile version of MT5 for Android and iOS, making it easy for traders to manage their trades on the go. Here’s how you can install it:
For Android:
- Go to the Google Play Store.
- Search for “MetaTrader 5.”
- Download and install the app.
- Open the app, and log in to your Exness account.
For iOS:
- Open the App Store.
- Search for “MetaTrader 5.”
- Download and install the app.
- Launch the app and log in using your Exness credentials.
Exness MT5 Web Terminal Access
Exness also offers a web version of MT5, which allows you to trade directly from your browser without downloading any software. This is ideal for traders who want to quickly access the platform from any device with an internet connection.
How to Use MT5 with Your Exness Account
Once you’ve installed MT5, getting started is straightforward. Here’s a guide on how to use the platform with your Exness account.
Logging in and Navigating The Platform
To log in, simply open the MT5 platform and enter your Exness account login details. The platform provides a clear, easy-to-navigate interface that includes charts, trade options, and account management tools. You can quickly access:
- Account Overview: Check your balance, margin level, and order history.
- Market Watch: See the list of available assets for trading.
- Navigator: Access accounts, indicators, and automated trading tools.
Advanced Charting and Technical Indicators
MT5 offers advanced charting tools, including more than 80 built-in technical indicators like RSI, MACD, Bollinger Bands, and moving averages. These tools allow traders to analyze market conditions, identify trends, and make informed trading decisions. You can customize charts by adjusting timeframes, colors, and indicator settings.
Placing Trades and Managing Positions
Placing a trade on MT5 is simple:
- Select an Asset: Choose from Forex, CFDs, commodities, or stocks.
- Choose Order Type: Choose between market or pending orders.
- Set Stop Loss and Take Profit: Manage your risk with automated settings.
- Place Trade: Click “Buy” or “Sell” to execute your order.
You can also monitor and adjust your positions directly from the platform.
Exness Account Types Compatible with MT5
Exness offers several account types that are compatible with the MT5 platform. These accounts cater to different trading needs, whether you’re a beginner or a professional trader.
Standard and Professional Account Options
Exness provides both Standard and Professional account types for MT5 users:
- Standard Accounts: Ideal for beginners or traders with smaller account balances. They offer competitive spreads and leverage.
- Professional Accounts: For experienced traders, these accounts offer higher leverage and more advanced features.
MT5 Cent and Zero Spread Accounts
- Cent Account: Great for beginners, this account allows trading with smaller lot sizes and lower risk.
- Zero Spread Account: Designed for high-frequency traders, this account offers ultra-low spreads but comes with a commission fee on each trade.
MT5 Tools and Benefits for South African Traders
South African traders can take full advantage of MT5’s powerful tools and features when using it with Exness. MT5 offers several advantages, from real-time data to multi-asset trading, making it a versatile platform for local traders.
Real-Time Market Depth and Order Execution
MT5’s real-time market depth feature provides traders with a clearer picture of the market, showing all available prices at different levels. This allows traders to make better-informed decisions and execute orders with greater precision. Exness ensures fast order execution, providing traders with competitive pricing and quick trade processing.
Multi-Asset Trading in One Terminal
With MT5, you can trade across multiple asset classes, including Forex, CFDs, stocks, and commodities, all within one platform. This makes MT5 a versatile tool for diversifying your trading portfolio and gaining exposure to different markets.
Custom Indicators and Trading Robots (EAs)
MT5 supports custom indicators and Expert Advisors (EAs), which allow traders to automate their trading strategies. Whether you’re interested in backtesting your strategies or using automated systems to place trades, MT5 offers the tools to enhance your trading efficiency.
FAQs
How do I install MT5 for Exness on my PC or phone?
- For PC: Visit the Exness website, download the installer for Windows or Mac, and follow the setup instructions.
- For Mobile: Download MetaTrader 5 from the Google Play Store or Apple App Store, and log in with your Exness account credentials.
What are the main differences between MT4 and MT5 on Exness?
MT5 is an upgraded version of MT4, offering additional features such as more order types, more timeframes, advanced charting, and multi-asset trading capabilities. MT5 is ideal for traders who want to access more tools and trade across different markets.
Which account types on Exness support MT5?
MT5 is compatible with Exness’ Standard, Professional, Cent, and Zero Spread accounts, offering flexibility for traders of all experience levels.
Can I use expert advisors on MT5 with Exness?
Yes, Exness supports the use of Expert Advisors (EAs) on the MT5 platform. EAs can help automate your trading strategy, making trading more efficient and reducing the need for constant monitoring.
Does Exness MT5 support multi-asset trading?
Yes, Exness MT5 allows you to trade multiple asset classes, including Forex, CFDs, stocks, and commodities, all within one platform.