What is MetaTrader 5 (MT5)?
MetaTrader 5, or MT5, is a multifunctional trading platform developed by MetaQuotes Software back in the year 2010. Using its strong and complex features, MT5 enables trading several financial markets, such as forex, stocks, and commodities, by its traders. It provides modern charting tools, technical indicators, and automated trading—all available on a single platform.
Trading MT5 with Expert Advisors (EAs)
MT5 allows one to trade with Expert Advisors, which are programs designed to analyze quotes of financial instruments on markets automatically according to a predefined strategy. With the great variety of order types and trading systems available, you are assured flexibility and reliability. You can use MT5 for an ultimate trading experience in a very customized and efficient way.
ExnExness offers the MT5 platform to its clients with multiple benefits:
- Advanced Charting and Analysis Tools—MT5 Exness is equipped with the latest tools on technical analysis that include a great many indicators and options of charting.
- Multi-asset Trading: There is the possibility of trading multiple markets, Forex, shares, indices, commodities from one platform.
- Enhanced Security: Exness will ensure the security of trading activity and personal data through advanced encryption.
- Education Resources: It provides an extensive collection of learning materials from webinars to articles, videos, etc., that will help in learning to trade.
- Excellent Customer Support: Exness provides 24/7 customer support to guide and solve all the trader’s queries.
Trading with MT5 on Exness incorporates a fully secure trading process with a trusted broker, which assures smooth, reliable operations on all your trading needs.
How to Download Exness MT5
The Exness MT5 trading platform is ready to download on various operating systems from this broker’s website.
Downloading MT5 on Windows
Windows users:
- Go to the Exness website and go to “Platforms” → “MetaTrader 5”.
- Click the link to download the MetaTrader 5 file for Windows.
- Save the .exe file.
- Run the .exe file.
- Follow the installation wizard instructions.
- Accept the license terms.
- Choose a folder for installation
- After installation is complete, log in and start trading
Downloading MT5 on MacOS
If you have a Mac then you need to:
- Go to Exness website, then “Platforms” → “MetaTrader 5”
- Download the MacOS disk image file (dmg)
- Double-click the downloaded file mount it
- Run the installation package from the mounted image
- This installation package extract the necessary files to install the app in your Applications folder.
- Log in to the MT5 app with your Exness account—ready to trade.
This brief guide ensures you have all the necessary steps to download and start using Exness MT5 on your Windows or MacOS system.
Downloading MT5 on iOS
For iPhone and iPad users:
- Open the Apple App Store.
- Search for “MetaTrader 5.”
- Download and install the app for free.
- Open the app and log in with your Exness account.
- Enable optional features like fingerprint login if available.
Downloading MT5 on Android
For Android users:
- Go to the Google Play Store.
- Search for “MetaTrader 5.”
- Click “Install” to download the app for free.
- Open the MT5 app after installation.
- Log in with your Exness account.
This short guide will let you know all the major steps for downloading and installing Exness MT5 on Windows, MacOS, iOS, or Android devices.
Logging into Your Exness Account on MT5
You downloaded and installed the platform of MT5; now it’s about connecting to your Exness account.
- Open MetaTrader 5.
- Log in using credentials from your Exness account.
- Adding a New Exness Account Later
- In the File menu, go to the File menu.
- Click “Add Account”.
- Put your account number and password.
- Save the login information or type it every time you log in.
Trade Using Exness MT5
With MT5 downloaded and your account set up, you can start trading with Exness. MT5 provides advanced features but still remains user-friendly for beginners.
Navigating the MT5 Interface
The first time you open MT5, you may be intimidated by its interface. However, it quickly becomes second nature to use. The main areas are the following:
- Market Watch: Browse instruments
- Charts: Analyze prices
- Terminal: Enter orders
- Toolbox: Indicators and experts
All other tools are then easily accessible via intuitive menus at the top. Take a little time to become acquainted with MT5’s multiple views and features. Almost all trading activities are available under the Tools and Trade menus.
Opening Positions on MT5
To open a position:
- Look for the instrument in Market Watch.
- Right-click “New Order” or use the shortcut.
- In the Order Entry window, specify the order type (market, limit, etc.), entry price if required, and trade size.
- Review and place the order.
You can also open orders by dragging and dropping instruments on charts. With a few clicks, it is possible to easily set Pending Orders and Stop Loss/Take Profit.
Managing Open Positions
All your open trades are listed in the Terminal window’ Trade tab. You can see their live status there. To modify or close a position:
- Select the position.
- Change order details, set exit points, activate trailing stops, or any other risk management action with the buttons at the top.
Using Charts and Indicators
Price chart analysis is essential for making informed trading decisions. MT5 offers great tools for technical analysis. You can now:
- Switch between chart types and timeframes.
- Add indicators from the Indicators list, like moving averages, Fibonacci tools, and oscillators.
You can play around with the different indicators and visuals to know which one is the most appropriate according to your style of trading. Afterward, you could set up chart settings best to be viewed optimally on any of your devices.
Customizing the Trading Platform
MT5 makes it easy to set up the platform according to your taste: menu settings, color schemes, workspaces, automated EAs — anything you need. Make several different profiles for different trading scenarios or asset classes. Set your favorite tools and window layouts as custom templates. MT5 gives you full control over customizing your trading experience. With practice, you will get a workspace just right for your trading style.
What Is Available for Trading in the Exness MetaTrader 5 Terminal
Exness’ MetaTrader 5 has a great variety of financial instruments, including many asset classes. The most popular is Forex currency pairs, but MT5 also allows for trading stocks and stock indices, commodities, metals, energies, and many others.
In Forex, major pairs are represented, including EUR/USD, GBP/USD, and USD/JPY, with many crosses and exotic currencies. Stocks include top companies from the US, Europe, and Asia. This list of commodities includes agricultural products, precious metals like gold and silver, and energy products like crude oil and natural gas.
One of the things that set Exness apart is the MT5 multi-asset feature, which makes managing a diversified portfolio much easier than forex-only platforms.
How MetaTrader 5 Is Better Than MetaTrader 4 and Exness WebTerminal
While Exness offers several quality trading platforms, many traders prefer MetaTrader 5 over.
MT4 for the following key advantages:
- More asset classes available to trade (beyond only Forex);
- Much improved charting and timeframes;
- Additional order types and ways of trade execution;
- Built-in exchange connectivity and depth of market;
- Improved strategy testing and optimization facilities.
As compared to WebTerminal by Exness:
- Full functionality online and offline;
- No constant internet connection is required;
- More customization of workspace layouts;
- Access to automated expert advisors (EAs);
- Extra analysis tools and add-ins.
MT5 extends MT4 with advanced multi-assets functionalities and innovations for the modern trader. Reliability-wise, desktop MT5 terminals enable customisation and tools that just can’t be offered through web applications. Each platform has its strengths, but MT5 is singular in its flexibility and power of trading that has made it the choice among traders at all levels.
FAQs
How do I download MetaTrader 5 (MT5) on Windows?
Go to the Exness website and navigate to “Platforms” → “MetaTrader 5”. Click the link to download the MT5 file for Windows, save the .exe file, run it, and follow the installation instructions.