MetaTrader 5 (MT5) is an advanced trading platform designed to provide traders with a diverse range of trading tools, features, and capabilities. In this article, we'll explore the features of Exness MetaTrader 5, comparing its advantages and disadvantages over other Exness platforms such as MT4, Web Terminal, and the mobile application. We'll also take a look at the trading process and the assets available for trading in MetaTrader 5.
Exness MT5: The Preferred Choice for Advanced Traders – Download Now
- 8 pending order types (Buy Stop, Sell Stop, Buy Limit, Sell Limit, Take Profit, Stop Loss, Buy Stop Limit, Sell Stop Limit)
- Trailing stop, technical analysis, and custom Indicators, Expert Advisors (EAs) and Scripts
- 38 inbuilt indicators and 22 analytical tools
- Available for Windows, macOS and Linux
- Instant execution and market execution
- More than 200 trading instruments
- 21 timeframes and 3 chart types
- Commission starting from 0
- Level 2 quotes supported
- 5 trading account types
- Spreads as low as 0.0
- Inbuilt forex calendar
- 6 asset classes
- Hedging system
Features of Exness MetaTrader 5
Exness MetaTrader 5 offers numerous features to enhance the trading experience, including:
- Advanced ChartingMT5 provides a comprehensive charting system with 21 timeframes, allowing traders to analyze market movements and identify potential trading opportunities. The platform also supports various chart types, including candlesticks, bars, and lines, to suit individual preferences.
- Indicators and Analytical ToolsMT5 comes equipped with over 80 built-in indicators and analytical tools, enabling traders to perform in-depth technical analysis. Additionally, users can create custom indicators and import additional tools from the MQL5 marketplace.
- Trading ExecutionMetaTrader 5 offers various types of trade execution modes, including instant, request, market, and exchange execution. This flexibility ensures traders can choose the execution method that best suits their trading strategies.
- Algorithmic TradingMT5 supports automated trading through the use of Expert Advisors (EAs), allowing users to design, test, and implement algorithmic trading strategies. The platform also features a built-in MQL5 programming language, making it easy for traders to create their own EAs and custom indicators.
- Market DepthMT5 provides a Market Depth feature, which displays the level 2 quotes for various financial instruments. This information helps traders understand the liquidity and depth of the market, enabling them to make more informed trading decisions.
Advantages of MetaTrader 5 over Other Exness Platforms
MetaTrader 5 offers several advantages over other Exness platforms, such as:
- Enhanced PerformanceMT5 boasts improved performance and stability compared to its predecessor, MT4. The platform utilizes 64-bit multi-threaded processing, ensuring faster execution of orders and efficient handling of complex calculations.
- Expanded Trading InstrumentsMetaTrader 5 supports a broader range of financial instruments, including stocks, futures, options, and bonds, in addition to forex and CFDs. This expansion enables traders to diversify their investment portfolios and explore new trading opportunities.
- Advanced Analysis CapabilitiesMT5 offers advanced technical and fundamental analysis tools, such as the Economic Calendar, which allows traders to keep track of important financial events and news releases. Additionally, the platform includes a built-in news service, providing real-time updates on market developments.
Disadvantages of MetaTrader 5
Despite its numerous advantages, MetaTrader 5 has some drawbacks:
- Learning CurveDue to its advanced features and expanded capabilities, MT5 can be more challenging to learn and navigate for beginner traders or those accustomed to MT4. However, with time and practice, users can become proficient in utilizing the platform's tools and functionalities.
- Compatibility with MetaTrader 4MT5 is not backward compatible with MT4, which means that EAs, custom indicators, and scripts developed for MT4 may not work on the newer platform. This lack of compatibility can be an inconvenience for traders who have invested time and resources in creating tools for MT4.
Trading Process in MetaTrader 5
The trading process in MetaTrader 5 is straightforward and efficient. Users can place orders directly from the chart or through the Market Watch window. The platform provides various order types, including market, limit, stop, and stop-limit orders, giving traders flexibility and control over their trades.
Additionally, MT5 allows users to set up alerts and notifications, enabling them to stay informed of significant market movements or events. The platform also includes a comprehensive history and reporting system, allowing traders to review their past trades, analyze their performance, and improve their strategies.
Additionally, MT5 allows users to set up alerts and notifications, enabling them to stay informed of significant market movements or events. The platform also includes a comprehensive history and reporting system, allowing traders to review their past trades, analyze their performance, and improve their strategies.
Tradable Assets in MetaTrader 5
Exness MetaTrader 5 offers a wide range of tradable assets, including:
Over 100 currency pairs, including majors, minors, and exotic pairs.
Forex
Trade CFDs on various commodities such as gold, silver, oil, and natural gas.
Metals
Speculate on the price movements of popular digital currencies like Bitcoin, Ethereum, and Litecoin.
Cryptocurrencies
Access global stock indices, including S&P 500, NASDAQ, and FTSE 100.
Trade shares from leading companies across the world.
Stocks
Conclusion
Exness MetaTrader 5 is a powerful and versatile trading platform, offering numerous features and capabilities to enhance the trading experience. Its advantages over other Exness platforms, such as improved performance, expanded trading instruments, and advanced analysis tools, make it a popular choice for many traders. However, the learning curve and compatibility issues with MT4 may be drawbacks for some users. Overall, MT5 provides a comprehensive trading environment suitable for both beginners and experienced traders.
Frequently Asked Questions
Is Exness MetaTrader 5 available on mobile devices?
Yes, Exness MT5 is available for iOS and Android devices, allowing users to trade on the go.
MT5 for PC
MT5 for PC
What are the costs associated with trading on Exness MetaTrader 5?
Exness offers competitive spreads and commissions, depending on the account type. Additionally, there may be overnight swap fees for positions held overnight.
Download MetaTrader 5 for PC
Download MetaTrader 5 for PC
Is Exness MetaTrader 5 suitable for beginner traders?
While MT5 has a steeper learning curve than MT4, it is still suitable for beginners who are willing to invest time and effort into learning the platform.
MT5 Download for PC
MT5 Download for PC
Can I use my existing Exness MT4 account on MetaTrader 5?
No, MT4 and MT5 accounts are separate. You need to open a new account specifically for the MT5 platform.
Download MT5 for PC
Download MT5 for PC
Does Exness MetaTrader 5 offer a demo account?
Yes, Exness offers a free demo account for users to practice their trading strategies and familiarize themselves with the MT5 platform.
MetaTrader 5 Download PC
MetaTrader 5 Download PC