MetaTrader 4 (MT4)
When first launched in 2005, MT4 only offered forex trading, but you can now trade multiple markets including forex, indices, cryptocurrencies, and commodities, as CFDs.
High Volume Trading
It’s simple user interface gives you access to advanced technical analysis and flexible trading systems, and the MT4 server can now support tens of thousands of trades simultaneously.
MT4 successfully combines functionality, speed, usability, and a highly customisable interface without a lot of superfluous panels, buttons, or information - just the tools to trade.
MetaTrader 5 (MT5)
True Multi-Asset Platform
MT5 is a multi-asset trading platform that comes with fundamental and technical analysis tools, copy trading, and automated trading options by default.
Flexible & Adaptable
Take advantage of MT5's built-in analytical resources, such as MT5 tables, indicators, and graphs, or create your own technical indicators to trade your own way.
MT5 also supports enhanced back-end functionality, connectivity gateways for exchanges, liquidity providers as well as various APIs to integrate it with websites, trading, and post-trading systems.
What's the Difference?
MT4 is designed for CFD and forex instruments, whereas MT5 is an all-in-one state of the art multi-asset trading platform, covering both centralised and non-centralised financial markets, including, stocks, futures, and FX trading instruments.
|Order Execution Policy||Fill or Kill||Fill or Kill / Immediate or Cancel|
|Hedging / Netting||Hedging Only||Hedging and Netting|
|Depth of Market||No||Included|
|Technical Indicators / Chart Objects||30/31||38/44|
|Strategy Tester||Mono-threaded||Multi-threaded. MQL5 Cloud Network|
|Markets||Foreign Exchange (FX), Spot Metals, Energy CFDs, Equity Index CFDs and Crypto CFDs||Foreign Exchange (FX), Spot Metals, Energy CFDs, Equity Index CFDs and Crypto CFDs|
|Apps||Mobile & Desktop||Mobile, Desktop & Browser|
|Built-in MQL5 Chat||No||Included|