What Are The Differences Between MetaTrader 4 vs 5?

This includes things like order types, indicators, timeframes, strategies, available assets, and many others. In MetaTrader 4, each trader’s deal is registered separately, so it can be managed separately. At the same time, MT5 combines all existing positions automatically. Therefore, the hedging function, which means recouping losses from one deal with the profit received from another deal, is available to MetaTrader 4 users only.

Metatrader 5 allows the testing of strategies on multiple markets simultaneously. The fact that MT5 offers more chart timeframes vs MT4 will be attractive for traders who focus more on technical analysis. This added functionality allows them to view market structures and patterns in more ways. Metatrader 5 (MT5) was released in 2010 and in terms of interface and navigation it will feel familiar to MT4 users. It has enhanced functionality and makes it easier for brokers to offer more symbols and markets for traders to trade.

MetaTrader 4 vs MetaTrader 5

It is developed by MetaQuotes Software and is the successor to MetaTrader 4 (MT4), another widely used trading platform. This makes MT4 ideal for beginning or amateur traders, or for traders who aren’t interested in creating their own scripts or algorithms to support their trading strategy. MT5, by contrast, has a more complex programming language, but it also offers the ability to write or alter scripts. MT4 and MT5 each use their own custom programming language, which provides different trading capabilities and customizations depending on your trading needs.

differences between mt4 and mt5

Of course, experiences and preferences may vary, and these reviews are based on general feedback from traders. So, ultimately, the choice between MT4 and MT5 depends on the specific trading needs and preferences of each trader. If you want to use the FIX API, you’ll need to use the MT4 trading platform. Choosing whether to use MT4 versus MT5 can depend on your background and your trading goals, among other factors. Gain confidence and knowledge on trading the financial markets with our award winning education. MetaTrader 4 exists in multiple flavours suitable for any type of device.

Strategy Testing

MT5 being an updated version of the MT4 trading platform, is well suited for advanced traders given the additional features it comes with. Its outlook outshines MT4’s, which could pose some challenges to beginners. Some of the additional features it comes with include economic calendar and social and copy trading features.

  • As well as this the trader is updated with the latest macroeconomic news due to the economic calendar.
  • There really isn’t much to separate the two mobile trading apps – as both allow you to enter positions, check the progress of your forex EA, and perform research.
  • CompareForexBrokers.com is not an investment adviser, financial adviser, or other financial services professional and does not offer investment advice.
  • David also has deep knowledge of the Forex industry and spends substantial time fact-checking the accuracy of the information about the brokers for the website.

Zeal Capital Market (Seychelles) Limited is part of Zeal Group,
which does not accept or offer any products to Hong Kong residents or public. Traders would be more comfortable using MT4, given that each order is shown separately even while working on multiple orders. However, that is not the case with MT5 as orders are aggregated while dealing with the same asset’s multiple orders. MT4 has 31 graphical objects such as lines, channels, the Gann and Fibonacci tools, shapes, and arrows to predict future price movements.

Chart Time Frame Offerings

The built-in MetaTrader Market is the world’s widest selection of trading applications. Browse everything from additional indicators to trading robots, many of which are free to use. Instant market access and endless possibilities for trading, analysis and automation.

differences between mt4 and mt5

The card transactions are processed by VHTM Services Limited, an entity of the Oryx Group, with registration no. HE , which is located at Archiepiskopou Makariou III, 160, 1st Floor, 3026 Limassol Cyprus. Both MetaTrader 4 and MetaTrader 5 were created by the same software development company, called MetaQuotes. So, let’s discover the biggest MetaTrader 4 and MetaTrader 5 difference below. Despite an extensive function kit, working on MetaTrader 4 is quite easy.


The software is perhaps the leading trading platform in the game and is currently in its fifth iteration. However, many intrepid traders still use the fourth version – perhaps preferring to stick to a tried, tested, and mastered tool that’s garnered lucrative results for them already. MQL4 (MetaQuotes Language 4) is a programming language built into the trading platform. You can use the MQL4 to write the code for Expert Advisors, indicators, scripts, and MT4 function libraries. A distributed system of four servers exponentially increases the processing load MT5 can handle compared to its predecessor. For traders, that means more orders executed faster across multiple markets at better prices.

You place your orders on MT4 and MT5 through a third-party platform, and the trades are executed in real-time. Algorithmic or automated trading basically means you automate the entire trading process and allow you to
place successful trades even when your machine is off and you are sleeping. Due to the popularity of MetaTrader 4 among forex and novice traders, FXTM will continue to support both MetaTrader 4 and 5. Though the MetaTrader 5 platform is more in-depth and includes more options, its layout can be overwhelming for new traders. MT5 shouldn’t be considered an upgrade to MT4 — instead, it’s a new platform aimed at a different set of traders.

What is MetaTrader 5?

So, it is easy to switch to whatever platform that suits your purpose and intent. With MT5, hedging is not possible as the platform is based on the USA non-hedging rule. It means that a trader must close one trade before entering another trade on the same financial instrument. Our MT4 vs MT5 comparison found that both platforms look, feel, and operate almost like-for-like. In fact, there is very little to differentiate the two platforms in terms of usability.

differences between mt4 and mt5

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