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 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 | MT5 |
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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 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.
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.
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.
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.
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.
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.
We compare these features to make it easier for you to make a more informed choice.
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
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AvaTrade
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Roboforex
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Pepperstone
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XM
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Forex.com
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ThinkMarkets
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NordFX
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Markets.com
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Swissquote
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Admiral
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Rating | |||||||||||
Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), British Virgin Islands Financial Services Commission (BVI) | Cyprus Securities and Exchange Commission (CySEC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), 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 | International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), 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), Australian Securities and Investments Commission (ASIC), Financial Sector Conduct Authority (FSCA), Markets In Financial Instruments Directive (MiFID), 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 Licence number 424700. TF Global Markets (South Africa) (Pty) Ltd is an Authorised Financial Services Provider (FSP No 49835), Financial Services Authority Seychelles (FSA) | 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) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) |
Min Deposit | 200 | 250 | 1 | 200 | 5 | 100 | No minimum deposit | 1 | 250 | 1000 | 200 |
Funding |
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Used By | 180,000+ | 200,000+ | 10,000+ | 10,000+ | 3,500,000+ | 150,000+ | 500,000+ | 10,000+ | 10,000+ | 300,000+ | 10,000+ |
Benefits |
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Accounts |
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Spreads |
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Platforms | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | 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, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps | MT4, MT5, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps |
Support |
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Learn More |
Sign
Up with icmarkets |
Sign
Up with avatrade |
Sign
Up with roboforex |
Sign
Up with pepperstone |
Sign
Up with xm |
Sign
Up with forexcom |
Sign
Up with thinkmarkets |
Sign
Up with nordfx |
Sign
Up with marketscom |
Sign
Up with swissquote |
Sign
Up with admiralmarkets |
Risk Warning | Losses can exceed deposits | 72% of retail investor accounts lose money when trading CFDs with this provider | 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 | 74% of retail investor accounts lose money when trading CFDs with this provider | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.50% 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 | 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. | Losses can exceed deposits | Losses can exceed deposits |
Demo |
IC Markets Demo |
AvaTrade Demo |
Roboforex Demo |
Pepperstone Demo |
XM Demo |
Forex.com Demo |
ThinkMarkets Demo |
NordFX Demo |
Markets.com Demo |
Swissquote Demo |
Admiral Markets 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 | BE, BR, KP, NZ, TR, US, CA, SG | US, JP | BR, KR, IR, IQ, SY, JP, US | US, CA, IL, KR, IR, MM, CU, SD, SY | BE | 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 | No | AU, RU, BR, CH, ZA, SG, JP, US, CA, BE, IL, TR, NZ, MY, SY, TH, ID, IR, IQ, HK, PH, PR | US | US, CA, JP, SG, MY, JM, IR, TR |
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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We have listed top Metatrader 4 vs metatrader 5 below.