CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Trade only with money you can afford to lose.
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Sri Lanka — MetaTrader 5 (MT5)

MT5 installs the same way as MT4 but is configured differently, because it is a multi-asset terminal: the watchlist has to be built across asset classes rather than left on the short forex default it opens with.

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Ordered walkthroughs  ·  What to prepare first  ·  What the screen should show

MetaTrader 5 is set up the same way as MT4 but is worth configuring differently, because it is a multi-asset terminal. Download it from the Personal Area, install, log in with the trading account number and its own password on the account server, then build the watchlist across the asset classes you actually intend to trade rather than only the forex pairs the default list opens with.

Measured order execution — Standard

How orders actually filled when real market orders were placed on Exness’s MT5 feed — fill time, slippage and rejects by order size:

InstrumentOrder sizeAvg fillAvg slippageFails
EURUSDm0.01 lot151 ms-0.333 pts0
EURUSDm0.1 lot151 ms-0.333 pts0
EURUSDm1.0 lot146 ms-0.333 pts0
GBPUSDm0.01 lot141 ms0.667 pts0
GBPUSDm0.1 lot130 ms0.0 pts0
GBPUSDm1.0 lot135 ms0.333 pts0
XAUUSDm0.01 lot141 ms0.0 pts0
XAUUSDm0.1 lot151 ms80.0 pts0
XAUUSDm1.0 lot130 ms-72.333 pts0

Small sample (a few round-trips per size); indicative. The same pricing engine feeds every platform the broker offers.

MetaTrader 5 (MT5) at Exness

Get started

Download MetaTrader 5 (MT5) from your Personal Area area after you open an account, or try it first on a free demo.

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What MT5 adds over MT4, in setup terms

Twenty-one timeframes, 38 built-in technical indicators and 44 analytical objects. Six pending order types rather than four - Buy Limit, Sell Limit, Buy Stop, Sell Stop, Buy Stop Limit and Sell Stop Limit - each with optional Stop Loss and Take Profit. Depth of Market and an economic calendar are built in.

In practice the difference shows up at setup time rather than in the order window. A multi-asset watchlist has to be organised, or the terminal fills with symbols that are never traded; and the extra pending types are only useful if they are tried once on a demo before they are needed on a live position.

Which one to install first

If the plan is forex only and there is an existing MT4 workflow, install MT4 first and add MT5 later. If the plan spans forex, metals, indices and crypto CFDs from one account, install MT5 first, because organising a multi-asset watchlist twice is the avoidable work.

Either way the decision is reversible and cheap: both platforms are free, both connect to the same Exness account, and a position opened in one is visible in the other. The measured execution figures on this site come from that same MT5 feed.

MT5 setup, in order

  1. Download MetaTrader 5 from the Personal Area, where the account number and the server name are shown together.
  2. Install and log in with the trading password for that account. Every Exness account tier connects to MT5, including demo accounts.
  3. Open the full symbol tree and add instruments by asset class: forex, metals, energies, indices, stocks and crypto CFDs each sit in their own group.
  4. Turn on Depth of Market for the symbols where it matters, then open the built-in economic calendar and pin it - both are part of the terminal, not add-ons.
  5. Set the timeframes you will use. MT5 offers 21 of them, and leaving all 21 on the toolbar makes the wrong one easy to click.
  6. Place a test order with a pending type rather than a market order, so the six pending shapes are familiar before they are needed.

Positions sync across desktop, web and mobile on the same account, so a layout is per machine but a position is not.

Questions that come up mid-way

What is the first setup step that is specific to MT5?
Organising the watchlist by asset class. MT5 opens on a short forex default, and a multi-asset account is unusable until metals, indices, energies and crypto CFDs have been added deliberately.
Which order types does MT5 add?
Six pending types rather than four: Buy and Sell Limit, Buy and Sell Stop, and Buy and Sell Stop Limit, each with optional Stop Loss and Take Profit, alongside market orders.
Do MT4 and MT5 accounts see each other?
They sit under the same profile but are separate trading accounts with separate numbers and passwords. One login covers up to 100 of each, 200 in total.
Is anything lost by installing MT5 second?
Only the time spent building a watchlist twice. Both platforms connect to the same account, both are free, and a position opened on one is visible on the other.

Where this walkthrough goes next