8 minute read
How To Change MT5 To MT4 on Exness: A Step-By-Step Guide
from Exness
by Exness Blog
If you’re an Exness trader using MetaTrader 5 (MT5) but want to switch to MetaTrader 4 (MT4), you’re in the right place! Switching from MT5 to MT4 on Exness is straightforward—you can’t convert an existing MT5 account to MT4, but you can create a new MT4 account, download the platform, and transfer funds if needed. This guide will walk you through the process in a clear, with practical tips to make your transition smooth. Whether you prefer MT4’s simplicity, familiarity, or its vast library of Expert Advisors (EAs), I’ve got you covered with everything you need to know.
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Why Switch from MT5 to MT4?
Before diving into the how-to, let’s quickly address why you might want to make the switch. While MT5 is the newer, more advanced platform with features like additional timeframes, more order types, and a built-in economic calendar, MT4 remains a favorite for many traders. Here’s why:
Simplicity: MT4’s interface is straightforward, making it ideal for beginners or those who prefer a no-frills trading experience.
Community Support: MT4 has a massive community with countless EAs, custom indicators, and scripts built in MetaQuotes Language 4 (MQL4).
Familiarity: If you’ve been trading on MT4 for years, switching to MT5 might feel like learning a new language. Sticking with MT4 can save you the hassle.
Compatibility: Many brokers, including Exness, still fully support MT4, and some EAs or strategies may not be fully compatible with MT5.
Whatever your reason, Exness makes it easy to switch. Let’s get started!
Step-by-Step Guide to Switching from MT5 to MT4 on Exness
Step 1: Log In to Your Exness Personal Area
First things first, head to the Exness website(exness.com) and log in to your Personal Area (PA). If you don’t have an account yet, you’ll need to register one by clicking “Register” and following the prompts. Your Personal Area is your hub for managing accounts, funds, and platform settings, so you’ll be spending some time here.
Pro Tip: Make sure you have a stable internet connection to avoid any hiccups during the process.
Step 2: Create a New MT4 Account
You can’t convert an existing MT5 account to MT4 because the platforms use different servers and credentials. Instead, you’ll need to open a new MT4 account. Here’s how:
In your Personal Area, navigate to the “My Accounts” section.
Click “Open New Account.”
Select “MetaTrader 4” as your platform. Exness offers various account types (e.g., Standard, Pro, Raw Spread, or Zero), so choose one that fits your trading style.
Configure your account settings:
Leverage: Pick a leverage level that suits your risk tolerance.
Currency: Choose your account currency (e.g., USD, EUR).
Account Nickname: Give your account a name for easy identification.
Once created, Exness will provide your account number, trading password, and server details. Save these—they’re crucial for logging into MT4.
Note: Check your registered email or Personal Area for the server name (e.g., “Exness-MT4Real” or “Exness (KE) Limited” for Kenyan clients). Selecting the wrong server can prevent login.
Step 3: Download and Install MetaTrader 4
If you don’t already have MT4 installed, you’ll need to download it. Exness makes this super easy:
Visit the Exness website, hover over the “Platforms” tab, and select “MetaTrader 4.”
Choose the version for your device (Windows, Mac, Android, or iOS). You can also download MT4 directly from the official MetaTrader website (metatrader4.com).
Run the installation file and follow the prompts. For Windows, you can customize the installation location by clicking “Settings,” but the default setup works fine for most users.
Once installed, launch MT4. The platform will open automatically after setup.
Mobile Users: For iOS or Android, download the MT4 app from the App Store or Google Play. You can also scan the QR code on the Exness website for quick access.
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Step 4: Log In to Your New MT4 Account
Now it’s time to connect your new MT4 account to the platform:
Open MT4 on your device.
Click “File” > “Login to Trade Account” (or “Manage Accounts” on the mobile app).
Enter your account number, trading password, and server name from your Exness Personal Area.
Click “Login” or “Sign In.”
If you encounter login issues, double-check your credentials and server name. For example, Kenyan clients should use “Exness (KE) Limited” as the server. If problems persist, contact Exness support—they’re available 24/7 and super responsive.
Step 5: Transfer Funds to Your MT4 Account (If Needed)
If you have funds in your MT5 account and want to trade on MT4, you’ll need to transfer them:
In your Personal Area, go to the “Transfer” section.
Select “Internal Transfer.”
Choose your MT5 account as the source and your new MT4 account as the destination.
Enter the amount and confirm the transfer.
Exness processes over 98% of transfers instantly, so your funds should be available in your MT4 account within seconds. If you’re starting fresh, you can deposit funds directly into your MT4 account via your preferred payment method (e.g., bank card, crypto, or e-wallets).
Pro Tip: Exness offers instant withdrawals, with 98% processed in under a minute, so you can move funds quickly if needed.
Step 6: Set Up MT4 for Trading
Once logged in, take a moment to customize MT4 to your liking:
· Charts: MT4 offers 30 built-in technical indicators, 23 analytical objects, and nine timeframes. Add your favorite indicators or customize chart settings via the “Chart” menu.
· Expert Advisors (EAs): If you use automated trading, import your MQL4-based EAs via the “Navigator” panel. Note that MQL5-based EAs from MT5 won’t work on MT4, so you may need to source MT4-compatible versions.
· Trading Signals: Subscribe to trading signals via the “Terminal” window to copy strategies from successful traders.
· Language: If MT4 displays in a non-English language, go to “View” > “Languages” and select English.
· Heads-Up: If you rely on custom indicators or EAs, ensure they’re compatible with MT4. The MetaTrader community is a great place to find MT4-specific tools.
Step 7: Start Trading!
You’re all set! With your MT4 account active, you can trade over 200 instruments on Exness, including forex pairs, cryptocurrencies (like BTCUSD), metals, indices, and more. MT4’s fast execution and Exness’s tight spreads make it a powerful combo for executing your strategies.
Common Issues and How to Fix Them
Switching platforms can come with a few hiccups. Here are some common issues and quick fixes:
Login Fails: Double-check your account number, password, and server name. Ensure you’re using the latest MT4 version (Build 1440 or later).
EA Incompatibility: MQL5-based EAs won’t work on MT4. Convert them to MQL4 or find MT4-compatible versions from the MetaTrader community.
Fund Transfer Delays: While Exness processes most transfers instantly, ensure your payment provider supports fast transactions. If delays occur, contact Exness support.
Platform Updates: Older MT4 versions won’t connect to Exness servers. Update to Build 1440 to avoid issues.
Why Trade MT4 with Exness?
Exness is a top-tier broker that pairs perfectly with MT4. Here’s why it’s a great choice:
Low Spreads and Fast Execution: Orders are executed in milliseconds with competitive spreads, maximizing profitability.
Instant Withdrawals: Over 98% of withdrawals are processed in under a minute, giving you quick access to funds.
Robust Security: All communications between MT4 and Exness servers are encrypted with a 128-bit key for safety.
Flexible Account Types: Choose from Standard, Pro, Raw Spread, or Zero accounts to match your trading style.
Wide Range of Instruments: Trade forex, stocks, crypto, metals, and indices—all on MT4.
Tips to Optimize Your MT4 Trading Experience
To make the most of MT4 on Exness, try these tips:
Practice with a Demo Account: If you’re new to MT4, open a demo account to test strategies risk-free. Follow the same steps as above, but select “Demo” when creating your account.
Use the Strategy Tester: MT4’s built-in strategy tester lets you backtest EAs and optimize your trading systems.
Stay Updated: Keep MT4 updated to avoid connectivity issues. Exness requires Build 1440 or later starting July 2025.
Leverage Community Resources: The MetaTrader community offers a wealth of free and paid EAs, indicators, and scripts to enhance your trading.
Monitor News: While MT4 lacks MT5’s built-in economic calendar, you can stay updated via Exness’s website or third-party news feeds.
Final Thoughts
Switching from MT5 to MT4 on Exness is a breeze if you follow these steps: create a new MT4 account, download the platform, log in, and transfer funds if needed. MT4’s simplicity, extensive community support, and compatibility with Exness’s low spreads and fast execution make it a fantastic choice for traders of all levels. Whether you’re a beginner or a seasoned pro, MT4 on Exness offers a reliable, feature-rich environment to execute your strategies.
✅ Trade with Exness now: Open An Account or Visit Brokers 👈
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