We found 11 online brokers that are appropriate for Trading 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 | 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 |
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.
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.
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.
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.
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.
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.
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, 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.
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.
MetaTrader 4 comes with four main types of orders:
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:
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.
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.
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.
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:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
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.
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.
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 | Roboforex | Pepperstone | AvaTrade | FP Markets | EasyMarkets | FXPro | Admiral | FXPrimus | Eightcap | Forex.com |
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Rating | |||||||||||
Regulation | Seychelles Financial Services Authority (FSA) (SD018) | RoboForex Lid is regulated by Belize FSC, License No. 000138/7, reg. number 000001272. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | 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) Ava Capital Markets Australia Pty Ltd (406684), South African Financial Sector Conduct Authority (FSCA) Ava Capital Markets Pty Ltd (45984), Financial Services Agency (Japan FSA) Ava Trade Japan K.K. (1662), Financial Futures Association of Japan (FFAJ),, FFAJ, Abu Dhabi Global Markets (ADGM)(190018) Ava Trade Middle East Ltd (190018), Polish Financial Supervision Authority (KNF) AVA Trade EU Ltd, Central Bank of Ireland (C53877) AVA Trade EU Ltd, British Virgin Islands Financial Services Commission (BVI) BVI (SIBA/L/13/1049), Israel Securities Association (ISA) (514666577) ATrade Ltd, Financial Regulatory Services Authority (FRSA) | CySEC (Cyprus Securities and Exchange Commission) (371/18), ASIC AFS (Australian Securities and Investments Commission) (286354), FSP (Financial Sector Conduct Authority in South Africa) (50926), Financial Services Authority Seychelles (FSA) (130) | Cyprus Securities and Exchange Commission (CySEC) (079/07) Easy Forex Trading Ltd, Australian Securities and Investments Commission (ASIC) (Easy Markets Pty Ltd 246566), British Virgin Islands Financial Services Commission (BVI) EF Worldwide Ltd (SIBA/L/20/1135), Financial Sector Conduct Authority South Africa (FSA) EF Worldwide (PTY) Ltd (54018), FSC (Financial Services Commission) (SIBA/L/20/1135), FSCA (Financial Sector Conduct Authority) (54018) | FCA (Financial Conduct Authority) (509956), CySEC (Cyprus Securities and Exchange Commission) (078/07), FSCA (Financial Sector Conduct Authority) (45052), SCB (Securities Commission of The Bahamas) (SIA-F184), FSA (Financial Services Authority of Seychelles) (SD120) | Financial Conduct Authority (FCA) (595450), Cyprus Securities and Exchange Commission (CySEC)(310328), FSA (Financial Services Authority of Seychelles) (SD073) | VFSC (Vanuatu Financial Services Commission) (14595), CySEC (Cyprus Securities and Exchange Commission) (261/14) | SCB (Securities Commission of The Bahamas) (SIA-F220), ASIC (Australian Securities and Investments Commission) (391441), FCA (Financial Conduct Authority) (921296), CySEC (Cyprus Securities and Exchange Commission) (246/14) | CIRO (Canadian Investment Regulatory Organization), CySEC (Cyprus Securities & Exchange Commission), NFA (National Futures Association), CFTC (Commodities Futures Trading Commission), CIMA (Cayman Islands Monetary Authority) (25033), FCA (Financial Conduct Authority) (446717) StoneX Financial Ltd, FSA (Financial Services Agency, Japan), MAS (Monetary Authority of Singapore), ASIC (Australian Securities and Investments Commission)(345646) STONEX FINANCIAL PTY LTD |
Min Deposit | 200 | 10 | No minimum deposit | 100 | 100 | 25 | 100 | 1 | 15 | 100 | 100 |
Funding |
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Used By | 200,000+ | 730,000+ | 400,000+ | 400,000+ | 200,000+ | 250,000+ | 7,800,000+ | 30,000+ | 300,000+ | 80,000+ | 454,000+ |
Benefits |
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Accounts |
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Platforms | MT5, MT4, MetaTrader WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), MetaTrader iPhone/iPad, MetaTrader Android Google Play, MetaTrader Mac, cTrader, cTrader Web, cTrader iPhone/iPad, cTrader iMac, cTrader Android Google Play, cTrader Automate, cTrader Copy Trading, TradingView, Virtual Private Server, Trading Servers, MT4 Advanced Trading Tools, IC Insights, Trading Central | MT4, MT5, R Mobile Trader, R StocksTrader, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play), Windows | MT4, MT5, cTrader,WebTrader, TradingView, Windows, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, Web Trading, AvaTrade App, AvaOptions, Mac Trading, AvaSocial, Mobile Apps, iOS (App Store), Android (Google Play) | MT4, MT5, TradingView, cTrader, WebTrader, Mobile Trader, Mobile Apps, iOS (App Store), Android (Google Play) | easyMarkets App, Mobile Apps, iOS (App Store), Android (Google Play), Web Platform, TradingView, MT4, MT5 | MT4, MT5, cTrader, FxPro WebTrader, FxPro Mobile Apps, iOS (App Store), Android (Google Play) | MT5, MT4, MetaTrader WebTrader, Admirals Mobile Apps, iOS (App Store), Android (Google Play), Admirals Platform, StereoTrader | WebTrader, MT4, MT5, cTrader, Mobile Apps, iOS (App Store), Android (Google Play) | TradingView, MT5, MT4, WebTrader, Mobile Apps, iOS (App Store), Android (Google Play) | Mobile Apps, iOS (App Store), Android (Google Play), WebTrader, MT4, MT5, TradingView |
Support |
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Learn More |
Sign
Up with icmarkets |
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Up with roboforex |
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Up with pepperstone |
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Up with avatrade |
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Up with fpmarkets |
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Up with easymarkets |
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Up with fxpro |
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Up with admiralmarkets |
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Up with fxprimus |
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Up with eightcap |
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Up with forexcom |
Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 75-95 % 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 | 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. 80% 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. |
Demo |
IC Markets Demo |
Roboforex Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
FxPro Demo |
Admiral Markets Demo |
FXPrimus Demo |
Eightcap Demo |
Forex.com 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 | 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, JP, NZ | 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 | AF, CI, CU, IQ, IR, LY, MM, KR, SD, PR, US, AU, SY, DZ, JP, EC. | US | BE |
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.
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