How to Close Trading Account? Start the Process of Closing a Trading Account begin by logging into the main page. Steps for Closing a Trading Account Step 1 – 2 Go to the main menu. Click on “MT5.” Step 3 – 4 Click on “MT5 Standard” for the account number you want to close. Click on “Settings.” Step 5 – 7 Click on “Archive.” Select the “eWallet” option to transfer any remaining balance in the account to the “eWallet” before closing the trading account. Click the “Archive” button. Step 8 The trading account has been successfully closed.