Top Metatrader 4 Vs Metatrader 5 for 2024
We found 11 online brokers that are appropriate for Trading Metatrader 4 Vs Metatrader 5.
Best Metatrader 4 Vs Metatrader 5 Guide
Analysis by Andrew Blumer, Updated Last updated - April 17, 2024
MetaTrader 4 Vs MetaTrader 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 numerous markets leading tools and features including charting, live feeds, and security. Most renowned brokerages all over the world use MT4 or MT5 trading platforms for trading on various (if not all) financial markets.
Forex and CFD trading are 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, many developers 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 (or contracts for difference). trading.
Today, trading platforms are considered full-fledged workstations for traders, both beginners, and professionals. These are where traders spend most of their time.
It is crucial to link a trader to a MetaTrader broker’s service to offer access to various types of financial markets and CFDs Traders can choose to trade CFDs, Forex, crypto, shares, commodities, bonds, indices, and futures.
The fundamental features these two platforms offer include security, multifunctionality, versatility, and mobility.
Bear in mind that to gain access to various and diverse forms of financial markets, it is very important to get the brokers connected with all the traders working in the market at that time.
Note that both platforms, i.e., MetaTrader 4 and MetaTrader 5 are compatible with automated-trading robots, aka Forex EAs (or Expert Advisors). This lets traders execute their trades in a fully automated channel. Your chosen trading robot will execute trades on your behalf 24/7 without you having to do anything.
However, you must also know that not every trading platform will support MetaTrader 4 and MetaTrader 5.
We know about MetaTrader 4 and MetaTrader 5. Well, here we will learn about the comparison between them for your information.
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 MetaTrader 4 and MetaTrader 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 MetaTrader 5 is more feature-rich compared to the MetaTrader 4.
There is no doubt about the fact that when you will start the use of MetaTrader 4 and MetaTrader 5, you will find both of them very well working and useful, but if you can afford to, then try to go for the latter option MetaTrader 5.
Multifunctionality
One of the best ways of evaluating Metatrader 4 and Metatrader 5 would be the one that has the most suitable options for 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 start to pay you back the way you need.
MetaTrader 4 and MetaTrader 5 both have great features and are very effective but again, MetaTrader 5 is better than 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 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 MetaTrader 4 and MetaTrader 5, and choose the best possible one to stay future-proof.
Security
The security of working in the MetaTrader 4 and MetaTrader 5 is the same, but with 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 the long term, then you have to keep in mind that MetaTrader 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. It is 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 market prices.
When we talk about MetaTrader 4 and MetaTrader 5 speed, Metatrader 5 is much faster.
The comparison between the MetaTrader 4 and MetaTrader 5 is possible but MetaTrader 5 will always come out better than the previous one because of its outstanding features and faster backend.
MetaTrader4 Vs MetaTrader5: Which One To Choose
If you are someone who has dabbled in Forex trading, you are probably familiar with MetaTrader 4 and MetaTrader 5. These solutions are highly popular among seasoned advisors and traders, mostly due to the resources and helpful tools they offer for evaluating trading positions and making decisions based on them.
Although it may mostly seem like the MT5 is an upgraded version of MetaTrader 4, and while that may be true, both programs have different features and functionalities that cater to different traders. Deciding which platform to go with will mostly depend on your trading objectives and experience as a trader, besides other factors.
Below are how the platforms differ from each other to help you decide which one will suit your needs better.
Your Asset Choice
The most obvious difference that sets MetaTrader 4 and MetaTrader 5 is the kinds of traders they cater to. MetaTrader is specifically made for foreign exchange traders, its functions and features showing just that. Because of this MetaTrader 4 is mostly chosen by traders dabbling in the Forex market.
MetaTrader 5, on the other hand, offers tools for CFD, futures, and stock trading. Consequently, it has a much bigger variety of features that might not suit every trader. If you choose to trade a variety of assets, MT5 could offer better value in terms of your trading objectives. Note that even though you can use MetaTrader 5 for Forex trading, the features it offers will not be as good. In such a case, you may not get the best results trying Forex trading with MT5.
Offered Time Frame Data
MetaTrader 4 was designed to keep simplicity at the forefront. Novice traders will not need complex time frame data – it may end up confusing them instead. This all makes MetaTrader 4 a better choice for such a case, only offering the necessary resources without any complex features. With MetaTrader 4, you can pick from a total of nine time frames to carry out chart analysis processes.
MetaTrader 5, on the other hand, comes with twenty-one time frames, a large upgrade from what MT4 has to offer. Normally, such complex options are often not needed by traders. However, CFD traders (or similar) tend to capitalise on more obscure time frames. Diverse traders or seasoned traders, in general, may find such information integral to carrying out informed trades.
FIX API Access
FIX API, aka the Financial Information eXchange is essential for traders looking for real-time data specific to financial assets. This is used by both traders and market regulators to give out crucial information before and after trades. The tool is also used to share data confirming new trade orders and already-executed trades.
Integrating this particular software provides various advantages for traders. Traders find that they have better access to financial data when trading using a platform that supports FIX API. Thanks to the FIX API, the formatting of financial data is altered to facilitate easy communication across any linguistic barriers. The too also simplifies building black-box trading strategies or personal algorithms to help with foreign exchange trade analysis
That being said, if you aim to utilise the FIX API, note that you will only find it on MetaTrader 4 as MetaTrader 5 does not come with such an integration.
Programming Language Complexity
MetaTrader 4 and MetaTrader 5 use their respective languages, and that offers varying trading facilities based on the trader’s trading requirements.
MetaTrader 4 is used by traders looking for an easy platform with simple steps for setting up trading functions or developing trading software. For this reason, MetaTrader 4 works best for novice traders or ones who do not feel the need to set up algorithms or scripts themselves for their trading strategies.
MT5, on the other hand, offers a more complicated programming language. However, it also allows for writing or altering scripts. Traders can also execute trades via a singular function, in contrast to the user experience MetaTrader 4 offers.
The Order Types Offered
MetaTrader 4 comes with four main types of orders:
- Buy limit
- Buy stop
- Sell stop
- Stop limit
For a lot of traders, the above order types are adequate for executing their strategies whilst diminishing their exposure to risk as well as having better control over how they enter or leave their trading positions.
MetaTrader 5 comes with these order types as well as two additional ones:
- Sell stop limit
- Buy stop limit
These give traders more freedom in terms of how price fluctuations can affect buy and sell orders. Seasoned traders may use these types more often since they know what to do. Novice or recreational traders, however, may not use these features as much.
Less Popular Features
When deciding between the two platforms, focus on the smaller requirements that could have an impact on your overall trading experience. For instance, both MT4 and MT5 have a “hedging” function for certain types of trades, but only MetaTrader 5 provides “netting” – a feature some traders heavily rely on to have control over their risk exposure.
Metatrader 5 is also equipped with technical indicators compared to MetaTrader 4. It also offers tools like a financial calendar for tracking trade-related news from foreign markets. Keep in mind, however, that these additional features also lead to a more complex and hard-to-grasp platform.
MetaTrader 5 also offers tools like a multi-threaded trading strategy tester, a community chat option, and fund transfers – tools not available on MetaTrader 4. All traders have different requirements, which means that these features may or may not matter to some traders. Ultimately, it helps to consider your trading requirements to know if such features will come in handy for you.
MetaTrader 4 Vs Metatrader 5 Conclusion
It is quite obvious from the above information the differences and similarities between these two types of trading platforms. Being an 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 worth considering.
Learn about them in detail so that you can successfully conclude what you need to use. We are sure that this knowledge will help you come up with an answer for it.
We have conducted extensive research and analysis on over multiple data points on Metatrader 4 Vs Metatrader 5 to present you with a comprehensive guide that can help you find the most suitable Metatrader 4 Vs Metatrader 5. Below we shortlist what we think are the best metatrader 4 vs metatrader 5 after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Metatrader 4 Vs Metatrader 5.
Reputable Metatrader 4 Vs Metatrader 5 Checklist
Selecting a reliable and reputable online Metatrader 4 Vs Metatrader 5 trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Metatrader 4 Vs Metatrader 5 more confidently.
Selecting the right online Metatrader 4 Vs Metatrader 5 trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
- Ensure your chosen Metatrader 4 Vs Metatrader 5 broker has a solid track record of at least two years in the industry.
- Verify that the Metatrader 4 Vs Metatrader 5 broker has a customer support team of at least 15 members responsive to queries and concerns.
- Check if the Metatrader 4 Vs Metatrader 5 broker operates under the regulatory framework of a jurisdiction that can hold it accountable for any misconduct or resolve disputes fairly and impartially.
- Ensure that the Metatrader 4 Vs Metatrader 5 broker can process deposits and withdrawals within two to three days, which is crucial when you need to access your funds quickly.
- Look for Metatrader 4 Vs Metatrader 5 brokers with an international presence in multiple countries, offering its clients local seminars and training programs.
- Ensure the Metatrader 4 Vs Metatrader 5 broker can hire staff from diverse locations worldwide who can communicate fluently in your local language.
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
Compare Key Features of Metatrader 4 Vs Metatrader 5 in Our Brokerage Comparison Table
When choosing a broker for metatrader 4 vs metatrader 5 trading, it's essential to compare the different options available to you. Our metatrader 4 vs metatrader 5 brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
- Minimum deposit requirement for opening an account with each metatrader 4 vs metatrader 5 broker.
- The funding methods available for metatrader 4 vs metatrader 5 with each broker.
- The types of instruments you can trade with each metatrader 4 vs metatrader 5 broker, such as forex, stocks, commodities, and indices.
- The trading platforms each metatrader 4 vs metatrader 5 broker provides, including their features, ease of use, and compatibility with your devices.
- The spread type (if applicable) for each metatrader 4 vs metatrader 5 broker affects the cost of trading.
- The level of customer support each metatrader 4 vs metatrader 5 broker offers, including their availability, responsiveness, and quality of service.
- Whether each metatrader 4 vs metatrader 5 broker offers Micro, Standard, VIP, or Islamic accounts to suit your trading style and preferences.
By comparing these essential features, you can choose a metatrader 4 vs metatrader 5 broker that best suits your needs and preferences for metatrader 4 vs metatrader 5. Our metatrader 4 vs metatrader 5 broker comparison table simplifies the process, allowing you to make a more informed decision.
Top 15 Metatrader 4 Vs Metatrader 5 of 2024 compared
Here are the top Metatrader 4 Vs Metatrader 5.
Compare metatrader 4 vs metatrader 5 brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a metatrader 4 vs metatrader 5 broker, it's crucial to compare several factors to choose the right one for your metatrader 4 vs metatrader 5 needs. Our comparison tool allows you to compare the essential features 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
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Roboforex
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XM
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Pepperstone
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AvaTrade
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NordFX
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EasyMarkets
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FXPro
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Admiral
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ThinkMarkets
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FXPrimus
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Rating | |||||||||||
| Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), 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 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Financial Sector Conduct Authority (FSCA), Financial Services Authority Seychelles (FSA), TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority FRN 629628, TF Global Markets (AUST) Limited is the holder of Australian Financial Services License number 424700, TF Global Markets (South Africa)(Pty) Ltd is an Authorised Financial Services Provider (FSP No 49835),TF Global Markets Int Limited Is authorised and regulated by the Financial Services Authority Firm Reference Number SD060, The Cyprus Securities and Exchange Commission (CySec) | Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID) |
| Min Deposit | 200 | 10 | 5 | 200 | 100 | 1 | 100 | 100 | 200 | No minimum deposit | 100 |
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| Used By | 180,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 1,866,000+ | 10,000+ | 500,000+ | 10,000+ |
| Benefits |
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| Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | ThinkTrader, MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile apps |
| Support |
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| Learn More |
Sign
Up with icmarkets |
Sign
Up with roboforex |
Sign
Up with xm |
Sign
Up with pepperstone |
Sign
Up with avatrade |
Sign
Up with nordfx |
Sign
Up with easymarkets |
Sign
Up with fxpro |
Sign
Up with admiralmarkets |
Sign
Up with thinkmarkets |
Sign
Up with fxprimus |
| 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. 72.89% 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. | 74-89 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider | Losses can exceed deposits | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.89% 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 | Losses can exceed deposits |
| Demo |
IC Markets Demo |
Roboforex Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
NordFX Demo |
easyMarkets Demo |
FxPro Demo |
Admiral Markets Demo |
ThinkMarkets Demo |
FXPrimus Demo |
| Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, CA, EU, RU, SY, KP, CU | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, CA, IR | US, CA, JP, SG, MY, JM, IR, TR | RU, AF, Yugoslavia, AO, GM, NG, AW, GH, KR, BY, GN, BO, GN, PK, BW, HT, PG, IR, PN Island, Burma MM, IQ, RW, KH, , SN, CF, JP, Sierra, Leone, TD, KG, SO, CI , LB, SZ, CU, LS, SY, of CG, LR, TJ, DJ, LY, Tanzania, EC, Laos, TG, ER, ML, TM, ET, MN, UG, Falkland Islands, NA, US of America, FJ, NI, YE, ZW | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. |
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 2024 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 Table of Contents
- Metatrader 4 Vs Metatrader 5 Explained
- 6 Factors to Consider when Choosing Metatrader 4 Vs Metatrader 5
- Are Your Metatrader 4 Vs Metatrader 5 Trusted And Established?
- Are The Metatrader 4 Vs Metatrader 5 World Leading?
- What are the Metatrader 4 Vs Metatrader 5 Commissions and Fees?
- What are the Metatrader 4 Vs Metatrader 5 Funding and Withdrawl Methods?
- Find Metatrader 4 Vs Metatrader 5 with Round-the-clock support?
- Make sure the Metatrader 4 Vs Metatrader 5 Offer Comprehensive Trader resources?
- Why Metatrader 4 Vs Metatrader 5 needs to be regulated?
- Metatrader 4 Vs Metatrader 5 FAQ
- What are the best Metatrader 4 vs metatrader 5 brokers?
- What is the best Metatrader 4 vs metatrader 5 broker?
- Related Metatrader 4 Vs Metatrader 5 Reviews
- Related Metatrader 4 Vs Metatrader 5 Alternatives
- Related Metatrader 4 Vs Metatrader 5 Comparisons
Metatrader 4 Vs Metatrader 5 Explained
Trading volatile financial markets with Metatrader 4 Vs Metatrader 5 can be challenging, even for experienced traders. In addition to the online educational resources available, traders should consider the platform offered by Metatrader 4 Vs Metatrader 5 to ensure a successful trading experience.
Selecting Metatrader 4 Vs Metatrader 5 at the forefront of innovation and considered an industry leader is crucial. Doing so will ensure you are equipped with the tools and features to navigate volatile Metatrader 4 Vs Metatrader 5 markets effectively.
Reliability is key to gaining access to financial markets. Look for Metatrader 4 Vs Metatrader 5 that you can rely on to provide a stable and secure trading environment, allowing you to execute trades with Metatrader 4 Vs Metatrader 5 confidently.
6 Factors to Consider when Choosing Metatrader 4 Vs Metatrader 5
Follow these five rules for selecting Metatrader 4 Vs Metatrader 5 that are right for you:
Are Your Metatrader 4 Vs Metatrader 5 Trusted And Established?
Search for a reputable Metatrader 4 Vs Metatrader 5 with a extensive proven track record for Metatrader 4 Vs Metatrader 5, enabling you to focus solely on implementing your trading strategy and navigating the markets with confidence. The top rated Metatrader 4 Vs Metatrader 5 broker is IC Markets. Established in 2007, and in operation for 12 years IC Markets have a head office in Australia.
IC Markets is regulated. This means IC Markets are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
Another top rated broker is Roboforex.
Roboforex was established 2009, and in operation for 9 years Roboforex have a head office in Belize.
Roboforex is regulated. This means Roboforex are supervised by and is checked for conduct by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
| Broker |
IC Markets
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Roboforex
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XM
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Pepperstone
|
AvaTrade
|
NordFX
|
EasyMarkets
|
FXPro
|
|---|---|---|---|---|---|---|---|---|
| Year Established | 2007 | 2009 | 2009 | 2010 | 2006 | 2008 | 2001 | 2006 |
| Head Office | Australia | Belize | Cyprus | Australia | Ireland | Mauritius | Cyprus, Australia | UK |
| Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), 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 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008 | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
| Used By | 180,000+ | 1,000,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 1,866,000+ |
| Negative balance protection | Yes | Yes | Yes | Yes | Yes | Yes | Yes | |
| Guaranteed Stop Loss | No | No | No | No | No | Yes | No | |
| Learn More | Visit IC Markets | Visit Roboforex | Visit XM | Visit Pepperstone | Visit AvaTrade | Visit NordFX | Visit easyMarkets | Visit 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. 72.89% 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. | 74-89 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Are The Metatrader 4 Vs Metatrader 5 World Leading?
Opt for Metatrader 4 Vs Metatrader 5 that set themselves apart as an industry leader by actively embracing innovation. Take IC Markets as an example, which is renowned for Segregates clients funds and boasts an extensive array of 2250 tradable instruments. Moreover, IC Markets caters to the needs of its clients with both an online trading platform and a mobile application, making it incredibly convenient to access the markets from anywhere, at any time.
In addition, the IC Markets platform enables access to a variety of financial markets worldwide. IC Markets is a world-leader when it comes to innovation and they are always looking at ways to improve and to maintain their competitive advantage.
Another good choice when looking for Metatrader 4 Vs Metatrader 5 is Roboforex. Roboforex Segregates clients funds and offers over 100 instruments.
| Broker |
IC Markets
|
Roboforex
|
XM
|
Pepperstone
|
AvaTrade
|
NordFX
|
EasyMarkets
|
FXPro
|
|---|---|---|---|---|---|---|---|---|
| Instruments Available | 2250 | 100 | 1000 | 1200 | 1250 | 50 | 200 | 430 |
| Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
| Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | US, CA, IL, IR | AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, CA, EU, RU, SY, KP, CU | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, CA, IR |
| Forex pairs offered | 61 | 35 | 55 | 70 | 55 | 150 | 70 | |
| Forex pairs offered | 61 | 35 | 55 | 70 | 55 | 150 | 70 | |
| Major forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | |
| Exotic forex pairs | Yes | Yes | Yes | Yes | Yes | Yes | Yes | |
| Cryptocurrencies (availability subject to regulation) | Yes | No | No | Yes | Yes | Yes | Yes | Yes |
| Commodities Offered | 20 | 21 | 15 | 16 | 17 | 0 | 12 | 30 |
| Metals | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Energies | Yes | No | Yes | Yes | Yes | No | Yes | Yes |
| Agricultural | Yes | No | No | Yes | Yes | No | Yes | Yes |
| Stocks Offered | 2100 | 0 | 160 | 1100 | 1000 | 52 | 1700 | |
| UK Shares | Yes | Yes | Yes | Yes | Yes | No | Yes | Yes |
| US Shares | Yes | Yes | Yes | Yes | Yes | No | Yes | Yes |
| German Shares | Yes | Yes | Yes | Yes | Yes | No | Yes | Yes |
| Japanese Shares | Yes | Yes | Yes | Yes | Yes | No | Yes | Yes |
What are the Metatrader 4 Vs Metatrader 5 Commissions and Fees?
Ensure that your broker is transparent with fees and those dues are competitive.
The best rated Metatrader 4 Vs Metatrader 5 broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.
Another top rated Metatrader 4 Vs Metatrader 5 broker Roboforex offers Forex, CFDs. Roboforex minimum deposit is 10. Please note that any cryptocurrency availability with any broker is subject to regulation.
| Broker |
IC Markets
|
Roboforex
|
XM
|
Pepperstone
|
AvaTrade
|
NordFX
|
EasyMarkets
|
FXPro
|
|---|---|---|---|---|---|---|---|---|
| Min Deposit | 200 | 10 | 5 | 200 | 100 | 1 | 100 | 100 |
| Withdrawl Fees | No | Yes | No | No | No | No | No | No |
| Inactivity Fees | No | No | Yes | No | No | No | No | Yes |
| Deposit Fees | Varies | No | No | No | No | No | No | No |
| CFD Commission Fees | Yes | No | No | Yes | No | Yes | No | charge commissions on cTrader only |
What are the Metatrader 4 Vs Metatrader 5 Funding and Withdrawal Methods?
Efficient and hassle-free funding and withdrawal facilities can significantly improve your overall trading experience when dealing with Metatrader 4 Vs Metatrader 5. It streamlines the trading process and helps you focus on making informed decisions rather than worrying about deposit and withdrawal matters with Metatrader 4 Vs Metatrader 5.
| Broker |
IC Markets
|
Roboforex
|
XM
|
Pepperstone
|
AvaTrade
|
NordFX
|
EasyMarkets
|
FXPro
|
|---|---|---|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Credit Cards | Yes | Yes | Yes | Yes | Yes | No | Yes | Yes |
| Paypal | Yes | No | No | Yes | Yes | No | No | Yes |
| Skrill | Yes | No | No | Yes | No | No | Yes | Yes |
| Payoneer | No | Yes | No | Yes | Yes | No | No | No |
| Neteller | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Find Metatrader 4 Vs Metatrader 5 with Round-the-clock support?
Effective customer service is an essential factor to consider when dealing with Metatrader 4 Vs Metatrader 5.
Metatrader 4 Vs Metatrader 5 customer service entails various support services to aid customers in making the most cost-effective and appropriate use of the brokers' services.
The customer support options offered by Metatrader 4 Vs Metatrader 5 can include phone answering services, live chat support, and email customer service support.
IC Markets support a wide range of languages including English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Roboforex support a wide range of languages including English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian
IC Markets and Roboforex offer support where clients are able to call or contact the helpdesk via email or a chat service.
| Broker |
IC Markets
|
Roboforex
|
XM
|
Pepperstone
|
AvaTrade
|
NordFX
|
EasyMarkets
|
FXPro
|
|---|---|---|---|---|---|---|---|---|
| Support |
|
|
|
|
|
|
|
|
| Languages | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more | English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian | Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish | English, Spanish, Portuguese, Thai, Russian, Italian, French, German, Polish, Chinese, Vietnamese, and Arabic | Arabic, Simplified Chinese, Traditional Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Indonesian, Japanese, Mongolian, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Malay, Korean and Turkish | Indian, Chinese, Arabic, Brazilian, English, Spanish, Russian | English, German, Arabic, Chinese, Spanish and Polish | Arabic, Chinese, English, French, German, Hungarian, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Spanish, Vietnamese, Greek, Malaysian, Thai, Turkish, Romanian, Czech, Slovak |
| Learn More | Visit IC Markets | Visit Roboforex | Visit XM | Visit Pepperstone | Visit AvaTrade | Visit NordFX | Visit easyMarkets | Visit 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. 72.89% 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. | 74-89 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Make sure the Metatrader 4 Vs Metatrader 5 Offer Comprehensive Trader resources?
It's important to ensure your Metatrader 4 Vs Metatrader 5 provide complimentary resources such as analysis, education, and risk management tools. IC Markets and Roboforex collaborate with top analysts to bring the most up-to-date news and insights to traders.
Sound risk and money management are vital to financial market navigation with Metatrader 4 Vs Metatrader 5. However, selecting the best broker to access the markets is a critical step that traders should not overlook as they embark on trading live financial markets with Metatrader 4 Vs Metatrader 5.
Why Metatrader 4 Vs Metatrader 5 needs to be regulated?
Regulated Metatrader 4 Vs Metatrader 5 lowers your risk of loss of deposited trading funds.
Lowering your risk is one of the benefits of working with a properly regulated Metatrader 4 Vs Metatrader 5.
Consumers are protected by Metatrader 4 Vs Metatrader 5 regulation, critical to preventing inadequate services and potential financial harm.
Regulation of Metatrader 4 Vs Metatrader 5 is necessary to prevent fraud. The Metatrader 4 Vs Metatrader 5 working capital and client-funded accounts must be kept separate to avoid conducting business with client funds. Any fraudulent behaviour with Metatrader 4 Vs Metatrader 5 is monitored by financial regulators in the jurisdictions brokers are allowed to operate.
Metatrader 4 Vs Metatrader 5 List
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, AndroidCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account XM Swap-Free account (XM Ultra Low Account) VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account Pro Account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5Customer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Web Trader, TradingView, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, cTrader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
ThinkTrader, MT4, MT5, Mac, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Funding methods
Bank transfer Credit Card PaypalPlatforms
MT4, Mac, Mirror Trader, Web Trader, Tablet & Mobile appsCustomer support
Live chat Phone support Email supportAccount Types
Micro account Standard account ECN accountIslamic account VIP account
Learn more
Losses can exceed deposits
Losses can exceed deposits