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Exness Guide

Exness MT5 Setup Guide

MetaTrader 5 (MT5) is the primary trading platform for Exness. It runs on Windows, Mac, iOS, and Android — and all versions connect to the same Exness account. Setting it up correctly from the start saves time and prevents the common mistakes that lose beginners money on their first few trades.

Downloading and Installing MT5 for Exness

Windows:
1. Log into your Exness Personal Area (exness.com)
2. Go to My Accounts → the MT5 account → Download MT5
3. Alternatively: download directly from metatrader5.com
4. Run the installer, accept default settings
5. Launch MT5

Mac:
MT5 is available on the Mac App Store — search "MetaTrader 5". Alternatively, run the Windows version through Wine (Parallels or CrossOver). The Mac App Store version is the simplest option.

iOS (iPhone/iPad):
App Store → search "MetaTrader 5" → install the MetaQuotes version

Android:
Google Play → search "MetaTrader 5" → install the MetaQuotes version

Logging into Exness on MT5:
1. Open MT5 → File → Login to Trade Account (or the "Sign In" button)
2. Enter your Exness MT5 account number (shown in Personal Area)
3. Password: your trading password (set during account creation — different from Personal Area password)
4. Server: search "Exness" in the server list → select your entity (e.g., "Exness-MT5Real3")
5. Click OK

Setting Up Charts and Workspaces

Opening a chart:
1. View → Market Watch (Ctrl+M) to see available instruments
2. Right-click on any pair → Chart Window
3. Or drag the pair onto the chart area

Setting your preferred timeframe:
Click the timeframe buttons at the top of the chart: M1, M5, M15, M30, H1, H4, D1, W1, MN. Most active traders use H1 for context, M15 for entry.

Adding indicators:
Insert → Indicators → choose from built-in (Moving Average, RSI, MACD, Bollinger Bands, etc.)

Saving a template:
Once you have your indicators set up, right-click the chart → Template → Save Template. Name it. Apply this template to any new chart instantly.

Multiple charts:
Open several charts simultaneously (different pairs or timeframes). Use the "Window" menu to tile or cascade. Experienced traders typically monitor 2–4 charts simultaneously.

Key settings to check:
- Tools → Options → Trade tab: set default lot size and stop loss type
- Enable "One click trading" checkbox if you want instant market execution from the chart

Placing Your First Trade on Exness MT5

Market order (instant execution):
1. Right-click on the chart → Trading → New Order (or press F9)
2. Select: Symbol (e.g., EURUSD), Volume (0.01 for micro lot), Type: Market Execution
3. Set Stop Loss (pips below current price for buy) and Take Profit
4. Click Buy or Sell

Pending order (entry at a specific price):
1. New Order → Type: Limit Order (buy below current price or sell above)
2. Set the exact price, volume, SL, TP
3. Click Place

Modifying a trade:
Right-click on the trade in the Terminal → Modify or Delete Order → change SL/TP → OK

Closing a trade:
Terminal tab → Trades → Right-click the position → Close Position
Or double-click the position → Close button

Common first-trade mistakes:
- Forgetting to set a stop loss (non-negotiable)
- Entering the wrong lot size (0.01 vs 0.1 vs 1.0 are very different)
- Confusing Buy Stop and Buy Limit order types
- Not setting Take Profit — positions stay open indefinitely until manually closed

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Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Frequently Asked Questions

Is MT5 free for Exness?
Yes. MT5 is completely free to download and use. MetaQuotes (the developer) provides it at no cost to brokers and traders. The only costs are your trading spreads and commissions, which are determined by your Exness account type, not the platform.
What is the difference between MT4 and MT5 on Exness?
MT5 supports more asset classes (forex, stocks, commodities, crypto), has more timeframes (21 vs 9 in MT4), a built-in economic calendar, improved backtesting, and better multi-threaded performance. Exness supports both, but MT5 is recommended for new accounts — MT4 is being phased out industry-wide.
How do I find my Exness MT5 server name?
Log into your Exness Personal Area → My Accounts → click on the MT5 account → Account Details. The server name is listed there (e.g., "Exness-MT5Real3" or "Exness-MT5Trial" for demo). You need this exact server name to log into MT5 the first time.
Can I use Exness MT5 on my phone?
Yes. Exness MT5 mobile app is available on iOS (App Store) and Android (Google Play). The mobile app supports all account types, full chart analysis, trade execution, and position management. Most traders use desktop MT5 for analysis and the mobile app for monitoring and quick trade management on the go.

Related Guides

Exness Review → How to Download Exness MT5 → Exness Account Types → Forex Trading for Beginners →