Does Exness Support MT4 as of 2024?

Exness is a well-known brokerage firm in the forex trading industry. One of the popular queries that traders have is whether Exness uses MetaTrader 4 (MT4) as its trading platform. The answer is yes, Exness uses MT4 as its primary trading platform.

MT4 is a widely used trading platform in the forex industry, and it is known for its user-friendly interface, advanced charting tools, and customizable features. Exness has recognized the importance of providing its traders with a reliable and efficient trading platform, and that is why they have chosen MT4 as their preferred trading platform. With MT4, traders can access a wide range of trading instruments, including forex, commodities, indices, and cryptocurrencies.

Does Exness Support MT4?

Yes, Exness supports 4 (MT4) as its trading platform. This compatibility with MT4, a preferred choice among traders, is a testament to Exness’ commitment to offering its clients a seamless and versatile trading experience. With MT4, traders can access a vast array of technical indicators, automated trading capabilities, and advanced charting tools, all within the trusted and user-friendly platform, making Exness a valuable choice for those seeking a reliable and feature-rich trading environment.

Exness’ support for MT4 not only enhances the accessibility and convenience for traders but also underscores their dedication to meeting the diverse needs of their clientele. By combining the expertise and innovation of Exness with the robust capabilities of the MT4 platform, traders can enjoy a powerful and adaptable trading experience, making it easier to execute strategies, analyze markets, and ultimately achieve their financial goals.

Features of Exness MT4

Exness MT4 is a powerful and popular trading platform that offers a range of features catering to the needs of both novice and experienced traders. Here, we’ll delve into some of its key features in detail.

Trading Flexibility

One of the standout features of Exness MT4 is its remarkable trading flexibility. This platform allows traders to engage in various trading activities, including Forex, commodities, indices, and more. Users can trade on multiple timeframes, from minutes to weeks, and access a wide range of currency pairs, ensuring traders have ample opportunities to diversify their portfolios. This flexibility also extends to order types, with Exness MT4 offering market orders, pending orders, and even one-click trading for quick execution.

Analytical Tools

Exness MT4 is equipped with a robust set of analytical tools that empower traders to make informed decisions. Technical analysis enthusiasts will appreciate the vast array of built-in indicators and charting tools, providing the ability to conduct in-depth market analysis. Furthermore, traders can access historical data, create custom indicators, and perform backtesting, all of which are indispensable for those looking to refine their trading strategies.

Automated Trading

Exness MT4 supports automated trading, making it an attractive option for traders who prefer algorithmic or robotic trading systems. The platform allows for the use of Expert Advisors (EAs) – customizable scripts that can execute trades on behalf of the trader. This automation can be particularly advantageous for those who want to trade 24/7 or execute complex strategies without being tethered to the computer. Users can create their own EAs or choose from a wide selection of pre-built ones available in the MT4 marketplace.

Security

Security is paramount in the world of online trading, and Exness MT4 takes this aspect seriously. The platform employs robust encryption methods to ensure the safety of users’ personal and financial data. Additionally, the funds of traders are segregated to safeguard against unforeseen financial issues within the brokerage. This separation ensures that traders’ capital is not at risk in the event of financial troubles within the brokerage itself. Furthermore, Exness is regulated by multiple financial authorities, which adds an extra layer of security and oversight, instilling confidence in traders.

Pros and Cons of using MT4 on Exness

What Trading Platforms are Available on Exness?

Exness offers MT5 along with MT4 trading platform

MT5

Released in 2010, MT5 is a multi-asset trading platform developed by Metaquotes, the same company that developed MT4 in 2005. MT5 is the upgraded version of MT4. It offers more timeframes on charts, with 21 compared to MT4’s 9. MT5 also offers a built-in economic calendar and partial order-fill policy. Additionally, MT5 allows depth of the market (DOB). The programmatic language of MT5 is MQL5. However, it is not as popular or user-friendly as MT4 yet. Pepperstone uses MT5 as its trading platform

How to create an MT4 Trading Account on Exness

Creating an account on Exness is easy and simple. Here are the steps : 

Step 1: Account Setup:

• Create an Account: If you haven’t already, sign up for an account on Exness. Follow the registration process and provide the necessary information.
• Account Verification: Complete the account verification process by submitting the required documents, ensuring compliance with regulatory standards.

Step: 2 Download and Install MT4:

• Access Exness Website: Login to your Exness account through the official website.
• Visit to MT4 Section: Locate the section related to MetaTrader 4 on the Exness website.
• Download MT4 Platform: Download the MT4 platform from the provided link.
• Install MT4: Follow the installation instructions to install the platform on your computer.

Step 3: Login to Your MT4 Account:

• Launch MT4: Open the installed MT4 platform on your computer.
• Login Credentials: Enter your Exness account credentials (username and password) provided during the account registration process.
• Server Selection: Choose the appropriate Exness server from the list.

Step 4: Explore the MT4 Interface:

• Market Watch: View available instruments and their real-time prices in the Market Watch window.
• Charts: Open charts for different financial instruments. Customize chart settings, and timeframes, and add technical indicators.
• Order Execution: Execute trades using the ‘New Order’ window. Specify trade parameters, such as volume, stop-loss, and take-profit levels.

Step 5: Use of Trading Tools:

• Technical Analysis: Leverage the advanced charting tools for technical analysis. Add indicators, trendlines, and other analysis tools to enhance your decision-making.
• Expert Advisors (EAs): Explore and use Expert Advisors for automated trading. Install EAs or create your own to automate trading strategies.

Step 6: Monitor and Manage Trades:

• Trade Management: Monitor open positions, view account history, and manage trades using the ‘Trade’ and ‘Account History’ tabs.
• Modify Orders: Adjust stop-loss and take-profit levels or modify existing orders directly from the platform.

Step 7. Mobile Trading (Optional):

• Download Mobile App: If desired, download the MT4 mobile app on your smartphone or tablet.
• Login to Your Account: Use your Exness account credentials to log in to the mobile app.
• Trade on the Go: Manage your trades, monitor the market, and execute orders from your mobile device.

Step 8: Customer Support and Resources:

• Exness Support: Reach out to Exness customer support for any platform-related queries or assistance.
• Educational Resources: Explore educational materials and resources provided by Exness to enhance your trading knowledge.

Frequently Asked Questions (FAQ)

What is Exness

Founded in 2009, Exness is a forex and CFD broker that offers trading services to traders and investors. It allows traders to buy and sell these assets through its trading platform. Exness is known for its low spreads and competitive trading conditions, making it popular among retail traders in the financial markets. Exness offers a wide range of trading instruments including ForexCommodities, Indices, Stocks, and Cryptocurrencies. The maximum leverage of Exness is as high as Unlimited:1 (condition apply) or 2000:1. 

Does Exness Offer an MT4 Demo Account?

Yes, Exness provides a valuable tool for novice traders – the MT4 demo account. This feature is perfect for those just starting in the forex world. With a demo account, you can practice trading with virtual funds in real market conditions, gaining experience without risking your own money. It’s a risk-free way to explore the MT4 platform and develop your trading strategies.

Does Exness Offer the Same MT4 on Live Accounts?

Yes, Exness maintains consistency between demo and live accounts. The same powerful MT4 platform you’ve been using in the demo environment is readily available when you’re ready to transition to live trading. This ensures that you can apply what you’ve learned during your practice sessions to real trading with ease.

What is the Timezone of Exness MT4?

Exness operates on GMT+0 server time. Understanding the server time is vital for traders, as it helps them coordinate their trading activities and stay aligned with global market events, economic releases, and trading sessions.

Can I Use EA with Exness MT4?

Certainly! Exness allows the use of Expert Advisors (EAs) on the MT4 platform. EAs are automated trading tools that can help you execute strategies automatically. They are especially useful for beginners, as they remove the need for manual trading decisions, making it easier to navigate the forex market.

How Can I Withdraw Money from Exness?

Withdrawing your funds from Exness is a straightforward process. Simply log in to your Exness account, navigate to the ‘Withdraw Funds’ section, choose your preferred withdrawal method (such as bank transfer, e-wallet, or credit card), enter the withdrawal amount, and follow the prompts. It’s essential to verify your account beforehand to ensure smooth withdrawals.

What is the Minimum Amount I Can Deposit for Exness?

Exness offers a low entry point for beginners, with a minimum deposit requirement of just $1. This affordability allows newcomers to dip their toes into forex trading without a significant financial commitment.

Where is the Headquarters of Exness Located?

Exness has its headquarters in Seychelles, an island nation in the Indian Ocean. Seychelles is known for its regulation-friendly environment, making it an attractive base for forex brokers like Exness.

Is Exness Mt4 Available for MAC Users?

Yes, Exness offers the Mt4 platform for MAC users. This means that if you prefer using a MAC computer, you can still enjoy the advanced features of the MetaTrader 5 platform for your trading activities.

Is Exness Mt4 Available on Android Devices?

Yes, Exness is available on Android devices. This mobile accessibility allows you to monitor your trades and make trading decisions from the palm of your hand.

Does Exness Offer Mobile Trading on Mt4 Platforms?

Yes, Exness provides mobile trading options on Mt4 platforms, ensuring that you can access your account and trade from your smartphone or tablet. This convenience is particularly valuable for those who need to stay updated while away from their computer.

Is Exness Mt4 Available for Demo and Live Accounts?

Indeed, Exness caters to both practice and live trading needs by offering the Mt4 platform for demo and live accounts. This versatility allows you to experiment with strategies in a risk-free environment and then seamlessly transition to real trading when you’re ready.

What Instruments can I trade on Exness Mt4?

• Forex
• Commodities
• Cryptocurrencies
• Stocks
• Indices

Final Verdict:

Exness offers the popular MetaTrader 4 (MT4) platform to its clients. This platform is widely used by traders around the world due to its user-friendly interface, advanced charting capabilities, and customizable features.

Exness also offers the newer MetaTrader 5 (Mt5) platform, which has additional features and improved performance compared to MT4. However, some traders may prefer to stick with MT4 due to its familiarity and the availability of more third-party plugins and indicators.

Overall, Exness provides its clients with a choice between two powerful trading platforms, both of which are well-regarded in the industry. Traders can choose the platform that best suits their needs and preferences, and enjoy access to a wide range of trading instruments, competitive spreads, and reliable execution.