MetaTrader 5 – Why Do I Need New Platform MT5?

Do you know what can undo all the efforts of even an experienced trader? The wrong choice of a trading platform. Suppose it is inconvenient for you to analyze the market situation, place orders, follow the price dynamics, and use the chosen tools. In that case, you will not have time or be unable to make the right decision exactly when you need it.

To choose the most suitable trading platform, you can test each of them in demo mode, but be prepared to spend a lot of time because there are dozens and even hundreds of platforms. However, you can always take another way and choose for yourself the trading platform MetaTrader 5, which is rightfully recognized as one of the best applications for trading stocks, bonds, currencies, and other trading instruments.

Every day, more traders are switching to the mt5 Platform, which cannot be a coincidence. All the features of this Platform we will cover in the following parts of the MetaTrader 5 review. You will also learn how to use MetaTrader 5, open an mt5 real account, and get answers to other questions.

Why should you switch to the mt5 trading platform? The answer to this question is quite simple. In this Platform, you will find all the necessary tools for market analysis and successful trading in general. Today few other terminals can compete with metatrader5 in its functionality and usability.

Why trade on MetaTrader 5 with Exness?

Why choose MetaTrader 5 excess? You can install the official terminal from the leading developer free of charge, without any restrictions, and get the best trading conditions on the market. You risk your security by installing the trading terminal from unverified sources.

Not so long ago, it seemed to traders worldwide that there simply can’t be a better trading terminal than mt4. However, Exness MetaTrader 5 has in many ways surpassed its predecessor. With this terminal, you will be able to manage all your orders quickly and easily, conduct technical analysis of the market, track all your trades efficiently online. Even if you work with several assets, use all available timeframes, and monitor your trades. 

Now it is even more convenient to make charts in mt5 Exness.

What advantages you will gain by choosing the exness mt5 terminal:

1. Even more charts and new functions were absent in the fourth version of the terminal.

2. Possibility to hedge risks. Only by choosing the Exness mt5 terminal will you open several positions for the same asset. You can open two opposite deals on the same instrument without any restrictions to reduce the risk level.

3. The ability to use up to 21 timeframes at the same time

The quotes history is stored inconveniently for a trader, and he can always return to it to find the information he is interested in.

5. The widest choice of instruments for market analysis. In the mt5 Platform alone, Exness gives you access to 46 charts, 38 indicators, 22 market analysis tools, and more. And it is safe to say that none of the tools is superfluous.

6. No trading restrictions. You can use any trading strategy, including scalping — the spread on Raw Spread and Zero accounts from 0.0.

7. An opportunity to choose any deal volume and deposit amount for your account and withdraw funds most profitably and conveniently.

How to Use MT5 account with Exness?

Before you can use all the power of MetaTrader 5, you will first need to install the Platform. Firstly, let us have a closer look at the instructions for those users who do not have the mt5 platform exness installed.

I Don’t Have MT5

If you don’t have this terminal installed yet, you will need to download the installation file, which you will find on the Exness website.

The system will ask you if you want to run the file. Confirm your intention. If the system does not prompt you to install the terminal automatically, double-click on the installation file where you downloaded it.

Accept the license agreement by clicking the “Next” button. Wait until the terminal is installed and then click “Finish”. The terminal will start automatically.

I Already Have MT5

If you already have mt5 trading terminal installed on your computer, download it, select “File” and then “Login to Trading Account”.

Your account already stores information such as your username, password, and trading account server. All this information will be needed to enter. To find this information go to “My accounts”, where you will need to click on the gear icon, which is located opposite of the selected account. You only need to select the “Account Information” section.

As soon as all the metatrader 5 login actions are completed, you will hear the corresponding signal, which confirms you have logged into your account.

How to Open a Demo Account Exness MT5?

In the menu “File” or the context menu “Navigator” select “Open Account”. After that, you need to specify the account type in the next tab, click “Next”. In the next window, it is necessary to fill in some personal data and give your consent to the account opening conditions and data protection policy.

By choosing the metatrader 5 demo, you will have an excellent opportunity to gain experience in decision making, which later on you will need in real trading, but without putting your money at risk. Moreover, if you choose an Exness broker, you can be sure that trading on a demo account will not differ from real account trading.

How to Exness MT5 WebTerminal?

Suppose you want to get access to all the functions of the leading trading terminal, but you do not want to install it on your computer, or you want to start trading as soon as possible and start earning. In that case, the metatrader 5 web terminal is the perfect solution for you. The trading functions and possibilities of using indicators and charts in the mt5 web terminal practically do not differ from the terminal you install on your computer or smartphone.

So how do you get access to this terminal?

Directly on the site Exness in the section “Tools & Services” select WebTerminal. Then click on “Sign up with terminal”. To enter the terminal choose MetaTrader 5, enter your trading account number as a login, specify your trading password and select the service you used to register your account. Then just click on the OK button and successfully enter the system.

What Instruments Can I Trade on Exness MT5?

Exness clients will be able to use the MT5 trading platform on absolutely any account, which means only one thing: all assets you can trade with the broker without exception. Precious metals, indices, stocks, energy, cryptocurrencies, and much more are available to you right now.

How to Install MT5 Windows / MAC / iOS / Android

Straightaway we will take a look at how to install the mt5 terminal for different devices.

Installing MT5 for Windows:

1. On the Exness website, find the installation file and download it.

2. Click on the file where it is downloaded, or launch it from your browser.

3. Agree to all policies and agreements and click on the “Next” button.

4. Click the “Finish” button when the installation is completed, and this terminal will open automatically.

Installation for iOS:

1. Visit the Exness broker website

2. Select the “Tools & services” section and then MT5.

3. Select the Available on the App Store button. Follow the instructions

Setup for Android: This is done in the same way as for iOS, except you select the “Get in on Android” button.

System Requirements MT5 Platform

To successfully use the metatrader 5 terminal, you only need to have a computer that meets the minimum requirements:

– Processor with SSE2 support.

– Operating system Windows 7 or higher. The best solution for installing this terminal will be windows 10 64-bit.

Note that if you use a large number of dynamic charts and other tools, the load on your computer will increase significantly.

How to Uninstall MT5

If you need to deactivate this terminal for some reason, you just need to do a few simple steps:

1. Click on the “Start” button and find exness mt5.

2. Select the uninstall command.

3. Before the uninstall process completes, follow the instructions.

4. In the “My Computer” folder, select the drive where your operating system is installed (in most cases, this is the C drive). Click on Program files, and once you find the Exness MT5 folder, this folder will need to be removed.

To terminate all unnecessary processes and for the deletion to take effect, you must restart your computer.

MT5 Features and Functions

MT5 has all of the features and functionality of MT4, but with some additional benefits:

– Support for even more orders.

– The ability to trade over 1000 different instruments, forex, CFDs on indices and stocks, and other assets.

– More than 80 different instruments for carrying out technical analysis.

– Ability to apply to hedge.

– Trade by one click.

– Wide functionality for trading robots.

– Possibility to work on 7 platforms simultaneously by making a single login.

MT5 Feature 1 – Powerful and Flexible Trading System

Trade without limits with MetaTrader 5. A separate order entry system and a unique, more powerful trading system will allow you to deeply analyze the market and trade comfortably. You will have access to 4 modes of order execution: Exchange, Market, Instant Execution, and On Demand. This Platform also supports all order types, even those that were not available in MT4. Now you will be able to use your trading strategy flexibly and make changes to it at any time, controlling the situation 100%.

MT5 Feature 2 – Analytical Functions and Professional Technical Analysis

A wide range of analytical functions is one of the benefits of mt5 that many traders like so much. Now you won’t have to look for the tool you want, because all of them are in one place and all in one interface. You’ll be able to work in 100 charts simultaneously and use 21 timeframes to get deeper and more accurate market analysis. 80 Technical Indicators. New handy charts and more are already available for you in MetaTrader 5.

MT5 Feature 3 – Fundamental Analysis – Financial News and Economic Calendar

With this trading platform, you no longer need to look for fundamental data in different sources because they are already available in MetaTrader 5. The latest news from leading information agencies is published on the Platform. At the same time, all the critical events being able to affect the price of a particular asset are available in the economic calendar. Fundamental analysis has never been easier.

MT5 Feature 4 – Trading Signals and Copy Trading – Copy Deals of Successful Traders

Traders cannot always analyze the markets in detail, but that is not a problem. In MetaTrader 5 there are always free and paid signals available. All you need to do is to subscribe to these signals, specifying the acceptable level of risk and profit you want to make. 

All signals will be automatically reproduced in the trader’s account. The trader will only need to monitor the signals’ behavior and adjust them, if necessary. In addition, with this trading platform, the trader does not even have to make trading decisions himself. Just copy the decisions of professional traders and earn money.

MT5 Feature 5 – Own App Market – Market of Trading Applications

The feature of this trading platform is the built-in market of trading applications. You will be able to install all the necessary technical indicators and trading robots quickly and very easily, and you will not have to waste time looking for them. Each application has its test period, so you can try it out before buying the paid version. This marketplace is open 24/7, and you can use all purchased apps in your work right away.

Algorithmic Trading – MQL 5 to Create Your Trading Robots and Scripts

Another popular option in MetaTrader 5 is the built-in environment for developing trading robots. Even without any special knowledge, you can create your trading robot and forget about analyzing the market by yourself. If you do not have any experience in creating Expert Advisors, you can always rent or buy them on the market.

Mobile Trading and Web Trading of MT5

Can you sit in front of your computer all the time and watch the price movements? Of course, not! The good news is that now you only need to install MetaTrader 5 mobile version for iOS or Android on your smartphone or tablet, and you will be able to trade and earn money even while you lie on your couch. The functionality of the mt5 mobile application is similar to the full version, so you’ll be able to conduct transactions, view account history, use all the necessary charts, and so on.

In addition, if for some reason you can’t install the trading platform on your computer, or you don’t feel like doing it, you can always use the mt5 web platform, logging into the terminal from any operating system and browser. All you need to use this version is an internet connection.

FAQs

Do I need to pay for Downloading and Using MT5?

No, you can download and use the Exness MT5 terminal free of charge and directly from our website in the most secure way.

How Do I Create an Exness MT5 Account?

When you join our company, you will receive your account number, password, and server information. Further on, you will need to enter this information to authorize yourself in MetaTrader 5. Select “Trade” and “MT5 Web terminal” if you wish to trade directly from your browser.

What Account Types are Available in MT5?

The MT5 trading terminal from Exness supports all account types without any restrictions.

Can I Use My MT5 Account to Access the MT4 Platform?

Unfortunately, it is not possible to do this. All accounts created for MT5 can only be used for the MetaTrader 5 trading terminal.