MetaTrader 5, widely known as MT5, is a powerful trading platform favored by traders globally for its advanced features. As an upgraded version of MT4, MT5 offers superior processing speed and expanded tools. When trading on Exness, this platform is the top choice for professional investors. The article below by EX Trading will provide you with a comprehensive guide to mastering MT5 Exness.
Should you use MT5 Exness on PC or Mobile?
MT5 is designed to operate smoothly on both computers (PC/Laptop) and mobile devices (iOS/Android). The choice depends entirely on your trading style and specific needs. As previously shared, EX Trading has provided detailed instructions on how to install MT5 on all devices, ensuring you can trade anytime, anywhere.
For new traders, the common question is: “Which device is best to download MT5 Exness for?”
The core purpose of MT5 on Exness is to provide a robust environment for technical analysis, order execution, and market monitoring. Here is a breakdown to help you choose:
Comparison: MT5 on Desktop vs. Mobile
While both versions provide access to the same Exness server and account, their usage scenarios differ:
- For Office/Full-time Traders (PC Recommended): If you have a fixed workspace, EX Trading highly recommends downloading MT5 for PC. The desktop version offers a spacious screen, allowing for comprehensive chart analysis, usage of custom indicators (Experts Advisors), and multi-chart monitoring. Operations like drawing trendlines or analyzing historical data are much faster and more precise on a computer.
- For On-the-Go Traders (Mobile Recommended): If you are constantly moving, Exness metatrader 5 for mobile is indispensable. It allows you to monitor the market, manage open positions, and execute urgent orders instantly. While it may lack some custom indicators compared to the PC version, it is perfect for maintaining control over your account 24/7.
Ideally, a professional trader should install MT5 on both devices. Use the PC for deep analysis and the phone for monitoring and execution when away.
See more: Open Exness Account: Latest guide for new traders
Key Features and Tools on MT5 Exness
MT5 is not just an update; it is a complete overhaul with a new architecture compared to MT4. The Menu bar is packed with advanced utilities. Below, EX Trading breaks down the essential tools you need to know to master MT5 Exness:
1. File Menu
This is your starting point for account management. Key features include:
- Open an Account: Allows you to open a Demo account directly within the software to practice strategies.
- Login to Trade Account: The most used feature. Ensure you enter the correct Login ID, Password, and specifically the Server provided by Exness (e.g., Exness-MT5Real) to connect successfully.
2. View Menu
This section controls what you see on your trading terminal. Important tools include:
- Languages: Supports over 35 languages, allowing you to trade in your native language.
- Market Watch: Displays real-time quotes for all currency pairs and commodities. Right-clicking here allows you to:
- New Order: Execute instant or pending orders (Buy Limit, Sell Limit, Buy Stop, Sell Stop, Buy Stop Limit, Sell Stop Limit).
- Chart Window: Open a new chart for a specific asset.
- Show All: Ensure all available symbols from Exness are visible.
- Navigator: The control center for your accounts and technical tools. It lists your accounts, Expert Advisors (EAs), scripts, and indicators (Trend, Oscillators, Volumes).
- Toolbox: Located at the bottom, this is crucial for risk management. It displays your Balance, Equity, Margin, Free Margin, and open positions history.
3. Insert Menu
This menu is for technical analysts. It allows you to add visual aids to your charts:
- Indicators: Add Moving Averages, RSI, MACD, Bollinger Bands, and more directly to the chart.
- Lines & Channels: Draw Support/Resistance lines and Trend channels.
- Fibonacci: A vital tool for finding retracement levels and potential profit targets.
- Shapes & Arrows: Mark specific events or entry points on your analysis.
4. Chart Menu
Customize how you view price action:
- Candlesticks: The most popular chart type for reading price action.
- Timeframes: MT5 offers 21 timeframes (from 1 minute to 1 month), providing more granularity than MT4.
- Templates: Save your favorite setup (colors, indicators) and apply it to any new chart instantly.
- Properties (F8): Fully customize the colors of the background, grid, and candles to suit your eyes.
Conclusion
Through this guide, EX Trading has provided an overview of MT5 Exness, its compatibility across devices, and a breakdown of its powerful menu features. Whether you are a scalper needing speed or a swing trader needing depth, MT5 is a superior choice. We hope this information helps you navigate the platform with confidence.
FAQ
Can I use my existing MT4 account to trade on MT5 Exness?
No, you cannot. MT4 and MT5 operate on different server architectures. To trade on MetaTrader 5, you must open a separate MT5 trading account within your Exness Personal Area.
Does Exness MT5 work on MacBook (macOS)?
Yes, Exness provides a native MT5 application for macOS. You can download it directly from the Exness website and install it easily without needing additional emulator software.
Is the spread on MT5 different from MT4?
Generally, the spreads and trading conditions (leverage, commission) are the same for both platforms on similar account types. However, MT5 offers faster execution speeds and Depth of Market (DOM) features, which can provide a slight edge during high market volatility.
