We found 11 online brokers that are appropriate for Trading Mt4 Vs Mt5.
Which trading platform you would choose when trying to build wealth in the financial markets, MT4 vs MT5? What trading software is most used by traders across the globe? is it MT4 or MT5?
We explain in this guide the difference between the two, so that you can decide which is best for you and your trading strategy.
MT stands for Metatrader. MT4 and MT5 are different versions of the Meta trading platform. The first one MT4 was launched in 2005 and is strictly limited to just Forex trading. MT5 was launched in 2010 and offers to trade a wider range of assets like commodities, stocks, indices and futures in addition to Forex.
Lets understand MT4 vs MT5 further.
There are a couple of major differences between MT4 and MT5. The MT4 uses MQL4 programming language while the other uses MQL5 language, which allows black box programming. Later, in 2014, black box programming was also expanded over to MT4 making MT4 and MT5 less different.
Programs that are written for MT4 are MT4 exclusive and cannot run on MT5. This is bad for those who are using MT4 and think they can just upgrade will to the new version.
Which is better MT5 or MT4? The answer is obvious and simple. It is MT5. If you are in the USA to comply with regulation use the MT5 trading platform.
If you are not in the US, there's a choice between the two and most of you may opt for MT4 as it is a tried and tested program. MT4 is easy to use and comes with less glitches. Even though MT4 has some annoying features, many believe it works well enough than alternatives.
unfortunately you cannot. However, to show good customer support some brokers are offering help in migrating over from MT4 to MT5.
It is not possible with MT4. The MT5 is designed to help you trade in Forex as well as a wide range of assets like futures, commodities, indices and stocks.
Even today MT4 is the most popular platform for Forex trading. Almost every Forex brokerage uses it.
You don't require a broker to use the MT4 software. You can download a demo version of it and trade the Forex market. The MT4 version includes live price feed and other tools.
Some MT4 tools can be used without depositing any money. Using a brokerage for MT5 and MT4 has allot of added benefits. Brokers offer other features and financial tools that may help your investment strategy.
Brokers also have many educational documents and videos. Almost all brokers offer MT4 and MT5 demo accounts, which you should take full advantage of if you are a new trader.
We've collected thousands of datapoints and written a guide to help you find the best Mt4 Vs Mt5 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 mt4 vs mt5 below. You can go straight to the broker list here.
There are a number of important factors to consider when picking an online Mt4 Vs Mt5 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 Mt4 Vs Mt5.
Compare Mt4 Vs Mt5 min deposits, regulation, headquarters, benefits, funding methods and fees side by side.
All brokers below are mt4 vs mt5. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more mt4 vs mt5 that accept mt4 vs mt5 clients
Broker |
IC Markets
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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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OctaFX
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NordFX
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Markets.com
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Swissquote
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AvaTrade
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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) | 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) | 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) | 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) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) |
Min Deposit | 200 | 1 | 200 | 5 | 100 | 5 | 1 | 250 | 1000 | 250 | 200 |
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Used By | 60,000+ | 10,000+ | 10,000+ | 70,000+ | 150,000+ | 30,000+ | 10,000+ | 10,000+ | 300,000+ | 200,000+ | 10,000+ |
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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, WebTrader, Advantage Trader Pro, TradingView, Tablet and mobile apps | MT4, MT5, Web Trader, cTrader, Tablet & Mobile apps | MT4, MT5, Tablet & Mobile apps | MT4, MT5, Web Trader, Tablet & Mobile apps | MT4, MT5, ZuluTrade, Web Trader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, Mac, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps |
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 xm |
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Up with forexcom |
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Up with octafx |
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Up with nordfx |
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Up with marketscom |
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Up with swissquote |
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Up with avatrade |
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Up with admiralmarkets |
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 | 74% of retail investor accounts lose money when trading CFDs with this provider | 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. | Losses can exceed deposits | 72% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits |
Demo |
IC Markets Demo |
Roboforex Demo |
Pepperstone Demo |
XM Demo |
Forex.com Demo |
OctaFX Demo |
NordFX Demo |
Markets.com Demo |
Swissquote Demo |
AvaTrade 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 | US, JP | BR, KR, IR, IQ, SY, JP, US | US, CA, IL, KR, IR, MM, CU, SD, SY | BE | US | No | RU, BR, CH, ZA, SG, JP, US, CA, BE, IL, TR, NZ, MY, SY, TH, ID, IR, IQ, HK, PH, PR | US | BE, BR, KP, NZ, TR, US, CA, SG | US, CA, JP, SG, MY, JM, IR, TR |
You can compare Mt4 Vs Mt5 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 Mt4 Vs Mt5 for 2021 article further below. You can see it now by clicking here
We have listed top Mt4 vs mt5 below.