The Exness Trader app offers a built-in trading terminal that has been developed by our in-house developers from scratch. You can use this to trade on your MT5 accounts (both demo and real), without having to download a trading platform app separately.
If you intend on trading on MT4 accounts, you will need to download the MT4 mobile application from Google Play or the App Store to trade. You will be redirected to this app when you hit Trade on the Exness Trader app.
Let us get to know the built-in trading terminal. In this article, we will be covering:
Accessing the trading terminal
You can find the Trade icon in the account box for the selected account of your choice. Choose any MT5 account (demo or real) and tap Trade to be redirected to the trading terminal. Alternatively, you can also tap the Sell or Buy buttons on other screens, for example at the bottom of a Trading Central article or at the bottom of a news article.
The application saves your login details when you create an account; thus there is no need to enter your login details separately.
Top Menu functions
1. Accessing instruments
You can tap on the ‘+’ symbol to view the categories of instruments available for trade. Choose the category of your liking and tap on the instrument to add them to your main screen. Once added, you can switch between instrument tabs.
You can also find your favorites (watchlist) under the star category in the categories displayed for quicker access to your preferred instruments.
2. Viewing charts
Tap on the chart symbol to bring up the chart options. The trading terminal offers the following types of charts:
- iOS - Line and candle
- Android - Line, bar, and candle
3. Using Indicators
Tap on the Indicator icon to choose from the available indicators (TC indicator, Moving Average, Bolinger bands, and Parabolic SAR).
Note that additional indicators cannot be added on the Exness Trader app.
4. Setting up timeframes
Beside the chart symbol, you will find the timeframes symbol for you to choose the preferred timeframe. Tap on it to bring up the options and tap on the one of your choice.
5. Equity
Your account equity is displayed on the top of the trading terminal.
6. Deposit function
Tap the Deposit icon to make a deposit into the account.
7. Orders overview
The orders icon located next to the Deposit icon gives you access to your order history. Tap on it to bring up details of your open, closed and pending orders.
The following information is displayed in the History (Closed) tab:
- Total Profit/Loss (for the selected period)
- Number of closed orders
- Total Trade Volume (in USD)
Placing a trade
When placing a trade from the trading terminal, follow the below steps:
- Set up the desired trading volume under Lots. The Margin will be displayed under the trading volume to give you an idea of how much funds will be held.
- The Sell and Buy buttons on the bottom display the current bid and ask prices beneath them, respectively. The spread is displayed in a small box in between the selling and buying prices.
- Tap Sell or Buy, as per your preference.
- Set up your desired Take Profit and Stop Loss; note that this is optional. Tap Confirm to place the trade.
- If you wish to open at a different price (pending order), set up your desired price under Open at, then follow step 4.
You can view the orders and their details under the orders section (described before).
Switching trading accounts
Another great feature of our Exness Trader app is the ability to switch trading accounts while trading.
To do so:
- Tap on the dropdown next to the displayed balance on top of the trading terminal.
- Select Switch account.
- A list of your MT5 trading accounts will be displayed, categorised into Demo and Trading accounts. Tap the account you wish to trade on.
Exit trading terminal
To exit the terminal, select the arrow button on the extreme top-left section of the area, which will prompt you to confirm exit.