Top Metatrader 4 Vs Metatrader 5 for 2020

We found 11 online brokers that are appropriate for Trading Metatrader 4 Vs Metatrader 5.

Best Metatrader 4 Vs Metatrader 5 Guide

Meta Trader 4 Vs Meta Trader 5

Metatrader or MT4 was first released in 2000 by software company MetaQuotes Software Corp. Metatrader over the last twenty years has grown into the industry standard for online trading platforms. Metatrader trading platforms contain many market leading tools and features including charting, live feeds and security. Most brokerages all over the world use MT4 or MT5 trading platforms for trading on financial markets.

Forex and CFD trading is pretty much just the same as it was a decade ago. The history of trading platforms is not very old as they were introduced just at the start of the 1990s.

At that time, there were so many developers who were working on making software that could assist trading in all possible ways.

These were the main trading terminals where the trading was done, so they were considered as the “trading platforms”.

Through all these efforts, they were able to pave the way for trading which included retail. This also helped the local community reach out to the financial Forex or CFD trading.

It is very important to keep in mind that in order to get access to various and diverse form of markets, it is very important to get the brokers connected with all the traders which are working in the market at that time.

We know about Meta Trader 4 and Meta Trader 5. Well, here we will learn about the comparison between them for your information.

MT4 Vs MT5 Features

MT4 Vs MT5 Features

MT4 MT5
Transaction Speed
 Fast Very Fast
 Date of release
2005
2010
 Aimed at
Forex traders
Forex, Stocks, Commodities, Futures Markets traders
 Mobile Versions
Yes
Yes
Multiple Languages
Yes
Yes
 Customizable UI
Yes Yes
 Interactive Charts Time Frames
9
21
 Technical Indicators
30
38
 Charting Objects
31
40
 Audio Alerts
Yes
Yes
 Live Financial News
Yes
Yes
 Economic Calendar
No
Yes
 Depth of Market (DOM)
No
Yes
Metaquotes coding Language. MQL4 and MQL5 are not compatible.
MQL4
MQL5
Create your own Automated Expert Advisers (EA)
Yes
Yes
Trading system
Order System
Positional System
 MQL speed
MQL4 is fast
MQL5 is faster than MQL4 because it runs fewer functions to action the same thing.
 Execution Modes
Instant Execution, Execution on request, Execution by request
Instant Execution, Execution on request, Execution by request, Exchange Execution
Pending order Execution modes
Buy stop, buy limit, sell limit, sell stop Buy stop, buy limit, sell limit, sell stop, buy/sell, stop limit
 Allows Hedging Yes
Yes
 Allows Netting
No
Yes
Community Chat
No
Yes
Multi threaded
No
Yes
Processor Bit
32 Bit
64 Bit
Internal Mail
Yes
Yes
Internal Mail Attachments
No
Yes
CopyTrading> No
Yes

Mobility

Well, the first comparison between the Meta Trader 4 and Meta Trader 5 is regarding their mobility. We should know that the one which comes later is with more functions and offers compared to the former one.

This is why it is accepted in the market by brokers because they can understand by looking at their working procedures that when comparing the two Meta Trader 5 is more feature rich compared to the Meta Trader 4.

There is no doubt about the fact that when you will start the use of Meta Trader 4 and Meta Trader 5, you will find both of them very well working and useful, but if you can afford too, then try to go for the later option Meta Trader 5.

Multifunctionality

One of the best ways of evaluating Metatrader 4 and Metatrader 5 would be the one which has the most suitable options to the way you trade.

Obviously, trading is not an easy task, so you will need to find a trading platform that you are more comfortable with. Once you gain experience, your trading platform choice will starts to pay you back the way you need.

Meta Trader 4 and Meta Trader 5 both have great features and are very effective but again, MetaTrader 5 is better than the Metatrader 4 because it is not only better functionally but in terms of speed and procedures. Metatrader 5 will allow you to keep up with new options which are used in trading.

New markets and trading platform features should be your priority once you start trading with a Broker, or even as someone who is interested in understanding this trading platform type for the future.

The better your understanding of either Metatrader 4 or Metatrader 5 the better it is for the success of your trades. So always stay prepared, know everything about Meta Trader 4 and Meta Trader 5 and choose the best possible one to stay future proof.

Security

The security of the working in the Meta Trader 4 and Meta Trader 5 is same, but with the passage of time, the second one is taking the lead as it is more up to date.

There is no extra threat when using the Metatrader 4, but it is better to use Metatrader 5 as it will help in much better trading sources and options compared to the other one.

If you are here for long term, then you have to keep in mind that Metatader 5 would be the best option to choose.

Metatrader 4 and 5 are both very secure platforms and are industry leading secure trading platforms used by many financial institutions. Picking either Metatrader 4 or 5 is a good choice.

There may be cheaper trading platforms out there but Metatrader 4 and 5 are industry proven. Its not worth taking the risk with lower level trading platforms.

Faster

Both MT4 and MT5 are very fast. Both trading platforms give traders very fast execution times. This speed allows MT4 and MT5 users to view up to date live charts and markets prices.

When we talk about MetaTrader 4 and MetaTrader 5 speed Metatrader 5 is much faster.

The comparison between the Meta Trader 4 and Meta Trader 5 is possible but the Meta Trader 5 will always come out better than the previous one because of its outstanding features and faster backend.

MetaTrader 4 Vs Metatrader 5 Conclusion

It is quite obvious from the above information that the differences and similarities between these two types of trading platforms. Being a experienced or new trader, you need to know about these differences and comparisons between MT4 and MT5 to make better trading decisions.

If you are new to trading, or are just interested in trading currency, MT4 is the clear option. If you are more advanced and find use in the further tools given in MT5, then the more mature and advanced MT5 is definitely worth considering.

Learn about them in detail so that you can successfully come to a conclusion about what you need to use. We are sure that this knowledge will help you come up with an answer for it.

We've collected thousands of datapoints and written a guide to help you find the best Metatrader 4 Vs Metatrader 5 for you. We hope this guide helps you find a reputable broker that matches what you need. We list the what we think are the best metatrader 4 vs metatrader 5 below. You can go straight to the broker list here.

Reputable Metatrader 4 Vs Metatrader 5 Checklist

There are a number of important factors to consider when picking an online Metatrader 4 Vs Metatrader 5 trading brokerage.

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Our brokerage comparison table below allows you to compare the below features for brokers offering Metatrader 4 Vs Metatrader 5.

We compare these features to make it easier for you to make a more informed choice.

Top 15 Metatrader 4 Vs Metatrader 5 of 2020 compared

Here are the top Metatrader 4 Vs Metatrader 5.

Compare Metatrader 4 Vs Metatrader 5 min deposits, regulation, headquarters, benefits, funding methods and fees side by side.

All brokers below are metatrader 4 vs metatrader 5. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more metatrader 4 vs metatrader 5 that accept metatrader 4 vs metatrader 5 clients

Broker IC Markets Roboforex Pepperstone XM OctaFX NordFX Markets.com Forex.com Swissquote Admiral FXPro
Rating
Regulation Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA) Cyprus Securities and Exchange Commission (CySEC), License No: 209/13 Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA) Financial Conduct Authority (FCA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB), Dubai Financial Services Authority (DFSA)
Min Deposit 200 1 200 5 5 1 250 100 1000 200 100
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 60,000+ 10,000+ 10,000+ 70,000+ 30,000+ 10,000+ 10,000+ 150,000+ 300,000+ 10,000+ 10,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
Accounts
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Zero spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • Islamic account
  • Demo account
  • Mini account
  • Standard account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • ECN account
  • Demo account
  • Mini account
  • Islamic account
Spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
  • fixed spreads
  • variable spreads
Platforms MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, Tablet & Mobile apps MT4, MT5, Web Trader, Tablet & Mobile apps MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps MT4, MT5, ZuluTrade, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, cTrader, Tablet & Mobile apps
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Learn More Sign Up with
icmarkets
Sign Up with
roboforex
Sign Up with
pepperstone
Sign Up with
xm
Sign Up with
octafx
Sign Up with
nordfx
Sign Up with
marketscom
Sign Up with
forexcom
Sign Up with
swissquote
Sign Up with
admiralmarkets
Sign Up with
fxpro
Risk Warning Losses can exceed deposits Losses can exceed deposits CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money Your capital is at risk Losses can exceed deposits Losses can exceed deposits 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. 74% of retail investor accounts lose money when trading CFDs with this provider Losses can exceed deposits Losses can exceed deposits Your capital is at risk
Demo IC Markets
Demo
Roboforex
Demo
Pepperstone
Demo
XM
Demo
OctaFX
Demo
NordFX
Demo
Markets.com
Demo
Forex.com
Demo
Swissquote
Demo
Admiral Markets
Demo
FXPro
Demo
Excluded Countries AF, GN, SL, BW, IR, SY, MM, IQ, TG, KH, LS, YE, CI , LR, ZW, CU, LY, TZ, CG, ML, BO, LR, NE, AO, GM, NG, AG, GH, KR, KG, GN, SN, NA US, JP BR, KR, IR, IQ, SY, JP, US US, CA, IL, KR, IR, MM, CU, SD, SY US No RU, BR, CH, ZA, SG, JP, US, CA, BE, IL, TR, NZ, MY, SY, TH, ID, IR, IQ, HK, PH, PR BE US US, CA, JP, SG, MY, JM, IR, TR US, IR, CA

All Metatrader 4 vs metatrader 5 in more detail

You can compare Metatrader 4 Vs Metatrader 5 ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top Metatrader 4 Vs Metatrader 5 for 2020 article further below. You can see it now by clicking here

We have listed top Metatrader 4 vs metatrader 5 below.

Metatrader 4 Vs Metatrader 5 List

IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 60000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Roboforex
(4/5)
Min deposit : 1
Roboforex was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC)
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 10000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money Pepperstone offers Forex, CFDs, Social Trading

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 70000+ traders. Your capital is at risk XM offers Forex, CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
OctaFX
(4/5)
Min deposit : 5
OctaFX was established in 2011 and is used by over 30000+ traders. Losses can exceed deposits OctaFX offers Forex

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
NordFX
(4/5)
Min deposit : 1
NordFX was established in 2008 and is used by over 10000+ traders. Losses can exceed deposits NordFX offers Forex

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13
Markets.com
(4/5)
Min deposit : 250
Markets.com was established in 2008 and is used by over 10000+ traders. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Markets.com offers Forex, CFDs and Spread Bets. Spread Bets are only available to UK customers

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC)
Forex.com
(4/5)
Min deposit : 100
Forex.com was established in 1999 and is used by over 150000+ traders. 74% of retail investor accounts lose money when trading CFDs with this provider Forex.com offers Forex, Indices, Commodities, Equities, Cryptocurrencies

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA)
Swissquote
(3/5)
Min deposit : 1000
Swissquote was established in 1999 and is used by over 300000+ traders. Losses can exceed deposits Swissquote offers Forex, Social Trading

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, ZuluTrade, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
Admiral
(2/5)
Min deposit : 200
Admiral Markets was established in 2001 and is used by over 10000+ traders. Losses can exceed deposits Admiral Markets offers Forex, CFDs

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
FXPro
(2/5)
Min deposit : 100
FXPro was established in 2006 and is used by over 10000+ traders. Your capital is at risk FXPro offers Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB), Dubai Financial Services Authority (DFSA)