10 minute read
How to Change Trading Platform on Exness
from Exness
by Exness_Blog
Exness is a globally recognized forex and CFD broker, known for its user-friendly platforms, competitive spreads, and diverse trading instruments. Whether you're a beginner or an experienced trader, Exness offers a variety of trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), Exness Terminal, and the Exness Trade app. However, many traders wonder, “How to change trading platform on Exness” This comprehensive guide will walk you through the process, explain the available platforms, and provide tips to optimize your trading experience.
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Why Change Your Trading Platform on Exness?
Before diving into the steps, let’s explore why you might want to switch trading platforms. Each platform offered by Exness has unique features tailored to different trading styles and preferences. Here are some reasons to consider changing your trading platform:
· Feature Preferences: MT4 is known for its simplicity and support for automated trading via Expert Advisors (EAs), while MT5 offers advanced charting tools, more timeframes, and additional order types. The Exness Terminal, on the other hand, is a browser-based platform ideal for traders who prefer a no-download solution.
· Device Compatibility: Depending on whether you trade from a desktop, mobile device, or browser, you may need to switch platforms to suit your device. For instance, the Exness Trade app is mobile-friendly, while MT4 MultiTerminal is designed for managing multiple accounts on a Windows desktop.
· Trading Goals: If your trading strategy evolves, you might need a platform that supports specific instruments or advanced analytics. For example, MT5 supports a broader range of assets, including stocks and cryptocurrencies.
· User Experience: Some traders switch platforms to access a more intuitive interface or better customization options, such as TradingView integration available on the Exness Trade app for MT5 accounts.
Understanding your needs will help you choose the right platform and make the transition seamless. Let’s explore how to change your trading platform on Exness.
Understanding Exness Trading Platforms
Exness offers several trading platforms, each with distinct features. Here’s a quick overview to help you decide which platform suits your needs:
· MetaTrader 4 (MT4): A popular choice for forex traders, MT4 is user-friendly, supports automated trading with EAs, and offers robust charting tools. It’s available for desktop, mobile, and web (WebTerminal).
· MetaTrader 5 (MT5): The next generation of MetaTrader, MT5 provides advanced features like more timeframes, an economic calendar, and support for a wider range of instruments, including stocks and indices. It’s also available for desktop, mobile, and web.
· Exness Terminal: A browser-based platform designed for MT5 accounts, Exness Terminal offers a secure, streamlined experience without requiring software installation. It includes real-time pricing, customizable charts, and TradingView integration.
· Exness Trade App: A mobile app for managing MT5 accounts, offering trading, charting, and account management features. MT4 account holders are redirected to the MT4 mobile app.
· MT4 MultiTerminal: A Windows-based platform for managing multiple MT4 accounts simultaneously, ideal for traders handling several accounts or using Multi Account Manager (MAM) systems.
· TradingView: Exness integrates with TradingView for MT5 accounts, allowing traders to use advanced charting tools and execute trades directly from the TradingView interface.
Important Note: Exness trading accounts are either MT4-based or MT5-based at creation and cannot be switched between MetaTrader versions. For example, an MT4 account cannot be used with MT5, and vice versa. To use a different MetaTrader version, you must create a new trading account.
Step-by-Step Guide to Changing Your Trading Platform on Exness
Switching your trading platform on Exness depends on the platform you want to use and whether you’re trading from a desktop, mobile device, or browser. Below are detailed steps for each scenario.
1. Changing the Trading Platform for MT5 Accounts on the Exness Trade App
If you’re using the Exness Trade app and want to switch the trading terminal for an MT5 account, follow these steps:
· Open the Exness Trade App: Launch the app on your Android or iOS device. Ensure you’re logged into your Exness Personal Area (PA).
· Navigate to User Settings: Tap the Profile icon, usually located at the bottom right of the app.
· Select Trading Terminal: Under User Settings, find and tap Trading Terminal. You’ll see several options:
Exness Terminal: Use the proprietary Exness Terminal within the app for trading.
Built-in MetaTrader 5: Trade using the MT5 platform without leaving the Exness Trade app.
MetaTrader 5 App: Redirects you to the standalone MT5 app (requires installation).
TradingView: Access TradingView’s advanced charting tools for MT5 accounts.
· Choose Your Preferred Terminal: Select the desired option and confirm. If you choose the MT5 app, ensure it’s installed on your device.
· Save Changes: The app will update to reflect your chosen trading terminal. You can now trade using the new platform.
Note: These options are only available for MT5 accounts. For MT4 accounts, the Exness Trade app redirects you to the MT4 mobile app.
2. Changing the Default Trading Terminal from Your Personal Area (Desktop)
For desktop or laptop users, you can manage your default trading terminal via the Exness Personal Area (PA). Here’s how:
· Log into Your Personal Area: Visit the Exness website and log in with your account credentials.
· Access My Accounts: In the PA dashboard, locate the My Accounts section, which lists all your trading accounts (real and demo).
· Select the Trading Account: Find the trading account you want to manage and click Trade next to it.
· Choose a Trading Terminal: A pop-up window will display compatible trading terminals for your account type (MT4 or MT5). Options may include:
MT4 or MT5 Desktop App
MT4 or MT5 WebTerminal
Exness Terminal (for MT5 accounts)
Exness Trade App (for MT5 accounts)
· Set as Default: Toggle the option to make your selected terminal the default for this account. You can also go to Settings > Trading Terminals in your PA to configure default terminals for all MT4 and MT5 accounts.
· Confirm and Trade: Click to confirm your selection, and the platform will open with your chosen terminal.
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3. Switching to a Different MetaTrader Version (MT4 to MT5 or Vice Versa)
As mentioned, Exness trading accounts are tied to either MT4 or MT5 at creation and cannot be converted. To switch between MT4 and MT5, you need to create a new trading account. Here’s how:
· Log into Your Personal Area: Access your PA on the Exness website.
· Create a New Trading Account: In the My Accounts tab, click the + symbol or select Open New Account.
· Choose Account Type: Select the account type (e.g., Standard, Pro, Raw Spread) and specify whether it’s MT4 or MT5-based.
· Set Account Details: Choose your account currency, leverage, and nickname. Note that you cannot change the account currency after creation.
· Fund the New Account: Deposit funds into the new account using your preferred payment method. Exness offers instant withdrawals for over 98% of transactions.
· Download the Platform: Download the corresponding platform (MT4 or MT5) for desktop or mobile, or use the WebTerminal or Exness Terminal for MT5 accounts.
· Log In: Use the new account’s credentials to log into the chosen platform and start trading.
Tip: You can manage multiple accounts in your PA, so you don’t need to close your existing account to try a new platform.
4. Using Exness Terminal or WebTerminal
If you prefer a browser-based platform, you can switch to the Exness Terminal (for MT5 accounts) or WebTerminal (for MT4 and MT5 accounts). Here’s how:
· Log into Your PA: Access your Personal Area on the Exness website.
· Select the Account: In the My Accounts section, click Trade next to the desired MT5 account for Exness Terminal or any account for WebTerminal.
· Choose the Platform: Select Exness Terminal or WebTerminal from the pop-up window. The platform will open in your browser.
· Customize Settings: Adjust the timezone, chart layouts, or indicators to suit your trading style. For Exness Terminal, you can enable push notifications for price alerts.
Pro Tip: Exness Terminal is ideal for traders who want a lightweight, no-installation platform with TradingView-powered charts.
5. Integrating with TradingView
For MT5 account holders, Exness offers integration with TradingView, a powerful charting platform. To switch to TradingView:
Connect Exness to TradingView:
· Log into your Exness PA and obtain your API credentials from the account dashboard.
· Visit the TradingView website (www.tradingview.com) and sign up or log in.
· Link your Exness account by entering your API credentials in TradingView’s broker integration settings.
Trade on TradingView: Once connected, you can place trades, monitor positions, and use TradingView’s advanced charting tools directly from its interface.
Manage Orders: Use the Positions tab in TradingView to view open trades, modify stop-loss/take-profit levels, or close positions.
Note: TradingView integration is only available for MT5 accounts on the Exness Trade app or WebTerminal.
Tips for a Smooth Transition
Switching trading platforms can feel overwhelming, but these tips will help you make the change effortlessly:
· Test with a Demo Account: Before switching platforms on a real account, create a demo account to familiarize yourself with the new platform’s features.
· Check Compatibility: Ensure the platform supports your account type (MT4 or MT5) and trading instruments (e.g., forex, stocks, cryptocurrencies).
· Backup Your Settings: If you’re moving from MT4 to MT5, save your custom indicators, EAs, or templates, as they may not be directly transferable due to platform differences.
· Update Software: For desktop or mobile apps, download the latest version of the platform from the Exness website or app store to avoid compatibility issues.
· Monitor Open Positions: Before switching, check for open orders or pending trades to avoid disruptions. You can close or modify orders in the new platform if needed.
· Leverage Exness Support: If you encounter issues, contact Exness’s 24/7 customer support via LiveChat or email for assistance.
Common Challenges and Solutions
While changing platforms is straightforward, you might face some challenges. Here are common issues and how to address them:
· Platform Not Available for Account Type: If you try to use an MT4 account with MT5, you’ll encounter an error. Solution: Create a new MT5 account in your PA.
· Login Issues: Incorrect credentials or server names can prevent login. Solution: Verify your account number and server details in the PA under My Accounts > Account Information.
· Requotes on Pro Accounts: When switching to a platform with instant execution (e.g., Pro accounts), you may encounter requotes if the requested price is unavailable. Solution: Confirm the new price displayed or switch to a market execution account type.
· Slow Processing: High server load or outdated software can cause delays. Solution: Update your platform and try again during off-peak hours.
· Verification Delays: If you create a new account to switch platforms, ensure your account is fully verified to avoid restrictions on deposits or withdrawals.
Why Choose Exness for Trading?
Exness stands out as a top broker due to its advanced platforms, low spreads, and reliable execution. Here are some benefits of trading with Exness:
· Fast Execution: Orders are executed in milliseconds, minimizing slippage.
· No Deposit/Withdrawal Fees: Over 98% of withdrawals are processed instantly, with no fees from Exness (though payment providers may charge).
· Stop Out Protection: Exness’s unique feature helps delay or avoid stop-outs during volatile markets.
· Diverse Instruments: Trade over 100 forex pairs, commodities, indices, cryptocurrencies, and stocks.
· Robust Security: Advanced encryption and regulatory compliance ensure your funds and data are safe.
By choosing the right platform, you can leverage these benefits to enhance your trading performance.
Conclusion
Changing your trading platform on Exness is a simple process that can significantly improve your trading experience. Whether you’re switching to MT5 for advanced features, using the Exness Terminal for browser-based trading, or integrating with TradingView for enhanced charting, Exness offers flexible options to suit your needs. By following the steps outlined in this guide, you can seamlessly transition to your preferred platform and optimize your trading strategy.
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