Comparison of the MetaTrader 5 and MetaTrader 4 platforms

Comparison of the MetaTrader 5 and MetaTrader 4 platforms

metatrader 4 vs 5
metatrader 4 vs 5

Fast entry-and-execution of orders, nine order types, volume tooltips, market sentiment indicators, and the symbol info box provide manual traders with all relevant data. bond market mayhem lives on in these 10 charts CTrader additionally supports social trading via its cTrader Copy. Over 80 financial institutions deploy cTrader, a genuine MT4/MT5 competitor, with a superior foundation.

Your article brought me back for 2 years back when I used MT4. No more paying hundreds monthly for features I found built in within VertexFX. Definitely the best explanation I have found regarding differences of MQL4 vs 5. It has MQL5, an object-oriented program based on C++ to code advanced EAs. MetaTrader 5 was developed with US Equity & other markets in mind.

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There is very little to differentiate between MT4 and MT5. Both third-party platforms offer heaps of technical indicators, chart drawing tools, and unlimited pricing screens. Both platforms also support alerts, financial news, demo accounts, and automated trading. Perhaps the main difference is that MT4 is preferred by currency traders, while MT5 opens the doors to more non-forex CFD markets. MT4 is a versatile trading platform and an ideal choice for most retail traders.

Demokonto bei MT4 und MT5

You attach your account to the trader’s account and can monitor the performance in the МТ4/МТ5 client terminal, or in the LiteFinance Client Profile. Backtesting procedures in MT5 are the best and the most useful innovation introduced by the developers. In MetaTrader 4, an Expert featuring growing equity on a real account often yields losses. Or the results in real trading are far from the back testing output. The developers have made significant changes to the strategy tester, which has been radically improved.

metatrader 4 vs 5

Using FXTM, you can buy and sell cryptocurrencies, indexes, metals and stocks, as well major, minor and exotic currency pairs. Before you can begin forex or stock trading, you’ll typically need to open a brokerage account and select a trading platform. Among the most common trading platforms you’ll have access to are the MetaTrader 4 and MetaTrader 5 interfaces.


Adam trades Forex, stocks and other instruments in his own account. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch. Both of the trading platforms allow traders to customize the trading interface according to their needs. While discussing the key features of the trading platforms, it should also be noted that MetaTrader 4 offers traders around 30 built-in indicators, while MT5 offers 38 indicators. MetaTrader 4 is a commonly used trading platform among forex traders and is available on both mobile and desktop devices. The MT4 is easy to download and install on to your chosen device – Windows, macOS, Android or iOS.

metatrader 4 vs 5

The Hedging mode allows you to open any number of positions for one asset. You can’t change the volume of the opened position, you can only enter more trades. The hedging system is supported by MetaTrader 4, and, since 2016, by MetaTrader 5.

Best Forex tools 2020

MetaTrader terminal allows traders to have a flexible trading environment, mobility, availability of trading tools, indicators, amongst other features. Some statistics indicate that around 90% of retail forex traders use the MetaTrader 4 platform. If, for some reason, you want to choose only one, go for MT4 if you like to trade forex only. Choose MT5 if you’re interested in stocks and other asset classes, too. MT4 is still more popular than MT5, although MT5 offers not only more asset types but also more timeframes, built-in indicators, and order types.

  • With MT4, you simply do not know the real volume that have been traded.
  • The MQL4 is based on another common programming language C ++.
  • Market Report does not constitute a solicitation to buy or sell in the financial markets.
  • In early 2002, the company presented MetaTrader 3, where the programming language and functions’ capabilities were significantly expanded.
  • The main difference between the two versions is that MT4 focuses on Forex trading and CFDs, while MT5 also includes other assets like stocks and futures.

Other than that, you will be required to have different accounts for the trading platforms. While it is true that MT5 is generally faster and more efficient than MT4, it is not possible to say that one is simply better than the other. Both of these trading platforms are very similar to each other and the differences while trading is in fact very minor. While working on this MT4 vs MT5 review, we were able to find out that MetaTrader 4 only offers traders hedging accounts.

The most notable thing about this trading platform is how user-friendly and easy to use it really is. But, the thing that makes it such a popular Forex platform is that it was actually created with Forex trading in mind. The MetaTrader 5, on the other hand, offers 21 different time frames across all financial instruments. This includes a two and three-minute timeframe as well as different hourly charts. This will be beneficial for traders who want to conduct a thorough analysis of the instruments, especially when identifying supply and demand levels.

Entscheidung zwischen Metatrader 4 oder 5

So, let’s get a quick look at the two trading platforms and know when to use these. The answer to this question should seem pretty clear by now after reading the below MT4 and MT5 comparison. Both options gained popularity and trust due to the number of profitable tools and their convenient use. In addition, one can utilize automated procedures and, thus, save precious time.

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Both MT4 and MT5 can operate on your browser of choice — Windows, Firefox, Safari, Microsoft Edge and even Opera. Let’s take a look at some of the biggest differences between MetaTrader 4 and MetaTrader 5 to help you decide which is the best option. You must assess and consider them carefully before making any decision about using our products or services. There is a range of factors you should be considering before you open an… If you want to analyse price across various timeframes , this might be a factor that could sway your decision.

Released in 2005, MT4 is undoubtedly the most popular platform. MetaTrader 4 is a forex trading platform that is used by most retail traders. This platform includes all elements that a brokerage house should offer. MT4 is an excellent choice for trading as it supports all the necessary tools for it. It can be upgraded to and modified to the requirements of any trading strategy, and most brokers offer hundreds of assets across multiple categories.

How to choose an FX Broker that meets your needs in 2022

The information on this website is general in nature and doesn’t take into account your personal objectives, financial circumstances, or needs. Eightcap makes reasonable efforts to provide accurate translations of the website in other languages for your convenience. Where content is missing, inaccurate or incomplete, the English version prevails. I do not own the rights to sell the software that makes it possible to do so – because I did not create it.

metatrader 4 vs 5

Also, an additional feature of the MT5’s strategy tester is that it allows you to test strategy for multiple currencies using real ticks. Simply put, the strategy tester of the MetaTrader 5 is an improved version of what MetaTrader 4 offers to traders. However, it does not mean that MT5 is better than MT4 in terms of indicators. While discussing the similarities and differences between MT4 and MT5, there are some key features that should be discussed. This includes things like order types, indicators, timeframes, strategies, available assets, and many others.

Many created custom indicators, EAs, and other custom solutions that require MT4 to function. The flexibility of MT4 continues to draw more users daily, and, therefore, the dominance is well-positioned to last. It has stood the test of time and earned the trust of tens of millions of traders around the world. MetaQuotes released the MT4 trading platform in 2005, which continues to dominate the Forex market fifteen years later. Many have called for its demise, but no alternative has come close to dethrone the most versatile trading platforms available.

As you are probably aware, you cannot simply transfer your MQL4 code into MQL5. MetaTrader 4 initially took Forex Trading by storm mostly thanks to its ability to run Algorithmic Trading systems or EAs. A high percentage of traders use EAs or custom indicators/scripts in their trading. Moving these from MQL4 to MQL5 would be a very costly and time-consuming exercise for most.