What is Exness MT5?
MetaTrader 5 (MT5) is an advanced version of the widely popular MetaTrader 4 (MT4) trading platform. Unlike MT4, which is more specialized in forex trading, MT5 offers a broader range of trading instruments, including not only forex but also stocks, indices, futures, and cryptocurrencies. MT5 was designed to cater to both casual traders and professional investors by providing advanced charting, trading tools, and a variety of market orders.
MT5 is a multi-asset platform, which means that it provides access to different types of financial markets. Whether you’re looking to trade forex, stocks, commodities, or other assets, MT5 is a comprehensive tool that ensures you can manage your investments from a single interface.
Key Features of Exness MT5
MT5 brings several advanced features to traders who choose Exness as their broker. Here’s a closer look at the platform’s core offerings:
Exness MT5 supports a wide range of trading instruments, which include:
- Forex Pairs: Major, minor, and exotic pairs.
- Stocks: Trade shares of major companies from global markets.
- Commodities: Trade metals like gold and silver, or energy products like oil and gas.
- Futures: MT5 allows for trading future contracts, providing access to various markets.
- Cryptocurrencies: Trade popular digital currencies such as Bitcoin, Ethereum, and others.
This wide range of instruments makes Exness MT5 a one-stop platform for all your trading needs, providing both diversification and flexibility.
Exness MT5 is equipped with over 80 built-in technical indicators and tools for technical analysis. Some of the most notable ones include:
- Moving Averages
- Bollinger Bands
- RSI (Relative Strength Index)
- MACD (Moving Average Convergence Divergence)
- Fibonacci Retracements
In addition, it supports multiple timeframes for analysis, ranging from one-minute charts to monthly charts. This allows traders to perform both long-term and short-term analysis with high precision.
Exness MT5 provides a variety of order types that traders can use to execute their strategies:
- Market Orders: Instant execution at the current market price.
- Limit Orders: Set a price at which the order will be executed once the market reaches it.
- Stop Orders: Trigger an order when the market price reaches a predefined level.
- Pending Orders: Place buy or sell orders at certain price levels, which will execute automatically once those levels are reached.
These features allow traders to enter and exit the markets at the most advantageous points, enhancing their ability to manage risk.
MT5 allows the use of Expert Advisors (EAs), which are automated trading scripts that execute trades based on pre-set conditions. This is particularly useful for traders who want to automate their strategies and let the system handle the execution. EAs can be programmed to trade multiple strategies simultaneously, which can help in diversifying and automating trading decisions.
MT5 integrates an economic calendar directly into the platform, which provides traders with real-time updates on upcoming market events, economic data releases, and geopolitical events that could impact market movements. Having this information in one place enables traders to anticipate market changes and adjust their strategies accordingly.
The charting tools available on Exness MT5 are significantly advanced compared to MT4, offering 21 timeframes, more chart types, and the ability to place up to 100 indicators on one chart. The advanced charting allows traders to create highly customized setups for any trading strategy.
How to Use Exness MT5
Using Exness MT5 involves the following steps:
- Create an Exness Account: To access Exness MT5, you must first create an account with Exness. Choose from the variety of Exness account types, depending on your needs.
- Download Exness MT5: MT5 is available for both desktop and mobile devices (iOS and Android). Visit the Exness website or your app store to download the platform.
- Deposit Funds: Fund your trading account using any of the available methods under Exness deposit and withdrawal.
- Start Trading: Once your account is funded, you can log in and start trading using the powerful tools offered by Exness MT5. You can also explore the Exness demo account to practice trading without risking real money.
MT5 Mobile App
The Exness app enables you to trade on MT5 from anywhere. It is a highly portable solution that ensures you can manage your trades on the go. Whether you’re checking the latest price movements or closing a position, the app keeps you in control of your investments wherever you are.
Exness MT5 vs MT4
While Exness MT4 remains one of the most popular trading platforms globally, MT5 is a more advanced version, offering a wider range of tools and features for experienced traders. Key differences between Exness MT5 and MT4 include:
- Market Depth: MT5 offers a detailed market depth feature that gives you a clearer view of buy and sell prices for various instruments.
- More Timeframes: MT5 provides 21 timeframes compared to MT4’s 9.
- Multi-asset Capability: While MT4 is mainly used for forex, MT5 supports a variety of financial instruments, including stocks and commodities.
- Superior Charting and Indicators: MT5 has more indicators, more timeframes, and supports 32 chart types compared to the 9 on MT4.
How to Access Exness MT5
You can access Exness MT5 directly through:
- Exness Web Terminal: For those who prefer trading directly through a browser without downloading any software, Exness provides a web terminal that offers the same tools and capabilities as the desktop version.
- Exness MT5 App: Available on both iOS and Android, the app provides a full suite of features, so you can trade anytime and anywhere.
Advantages of Trading with Exness MT5
- Tight Spreads: Exness offers tight spreads on MT5, allowing traders to minimize their costs.
- 24/7 Support: Exness provides round-the-clock support, assisting traders in multiple languages.
- Advanced Risk Management: With built-in features like stop-loss orders and expert advisors, managing risk becomes easier and more automated.
Exness MT5 Account Types
Exness offers different account types that you can choose from depending on your experience level and trading requirements. The available accounts include:
- Standard Accounts: Ideal for beginners with lower minimum deposit requirements and easy-to-understand features.
- Pro Accounts: Aimed at professional traders with tighter spreads and better execution.
- Raw Spread Accounts: For traders looking for ultra-tight spreads on major pairs.
- Demo Accounts: Exness offers a demo account where you can practice trading strategies without risking any real money.
Exness Minimum Deposit
The minimum deposit required to start trading on MT5 with Exness varies depending on the account type you select. Some accounts require as little as $1, making it an accessible option for new traders.
Conclusion
In conclusion, Exness MT5 is a powerful and versatile trading platform that caters to both beginner and professional traders. With its wide range of supported instruments, advanced charting tools, and customizable features, MT5 provides an all-in-one solution for anyone looking to trade forex, stocks, commodities, and cryptocurrencies. Whether you’re using the desktop version or the Exness MT5 mobile app, the platform ensures seamless trading with real-time updates, expert advisors, and an integrated economic calendar. Exness’s competitive spreads, multiple account types, and low minimum deposit requirements make it an attractive option for traders at any level.
FAQ
What is Exness MT5?
Exness MT5 is an advanced version of MetaTrader 4 (MT4) designed to offer multi-asset trading capabilities. It supports forex, stocks, indices, futures, and cryptocurrencies, providing traders with more flexibility and tools to enhance their trading strategies.