Top Mt4 Vs Mt5 for 2023

Best Mt4 Vs Mt5 Guide

Updated March 28, 2023

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 Forex 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.

MT4 vs MT5 Features for Forex Traders

There are a couple of major differences between MT4 and MT5. Both have different programming languages - the MT4 uses MQL4 programming language while the other uses MQL5 programming language, which allows custom trading plugin and widget 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 regulations 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 trading program. MT4 is easy to use and comes with fewer glitches. Even though MT4 has some annoying features, many believe it works well enough than alternatives.

MT4 vs MT5 Features Side By Side

Additional Points

MT4 is more suited in trading CFDs forex instruments and hedging. On the other hand, MT5 is an advanced trading platform capable of performing multiple trades in centralized and non-centralized financial markets.

MetaTrader 4

MetaTrader is a powerful trading platform that has become extremely popular with investors and brokers. MetaTrader has built-in support for trading with Forex pairs like EUR/USD, USD/CHF and USD/JPY.

MetaTrader also provides tools such as trading robots that help you enter price quotes for international currencies. It has an inbuilt library of over three thousand indicators that can be easily accessed and customised according to your trading needs.

A comprehensive support system takes care of all the execution queries and maintains an open and responsive channel between the MetaTrader broker and trader.

There are numerous indicators available that can be used to manipulate the market effectively. All these features make MT4 the best platform to execute instant trades in the Forex market.

MT4 has an intuitive user interface that makes setting up and executing your trades very easy. In addition to being a very flexible trading platform, it has a set of skins that allow easy customisation.

It gives the trader the freedom to customise his interface, look and feel as per his requirements. Numerous additional features come with the package, such as indicators, custom menus and support for MetaTrader retail investor accounts and custom trading limits. It provides traders with a plethora of functionality and a wide range of trading opportunities. It also protects traders from losing money rapidly so there are fewer risks involved.

MetaTrader 5

MetaTrader 5 is the new and much-anticipated revolution in trading CFDs, stocks, futures, and Forex trading. MetaTrader 5 uses a memory-based back-test facility that stores historical data in 'virtual history' on its computers.

Back-tester software cannot help you with trading decisions, but it can make your charts look prettier. MT5 comes with two additional components: a memory bank that stores all your past trades and a tool for visualising the market.

In addition, MetaTrader also offers educational tools such as live streaming videos from brokers, news flashes, and even back-office functionality.

MT4 vs MT5 Differences

MT4 Vs MT5 Technical Indicators

On MT4, there are 30 built-in technical indicators, but MT5 has 38. The MT5 platform has some improvements over its predecessor in terms of drawing tools, such as more Fibonacci studies and Elliot wave drawing capabilities. Overall, MT4 provides 31 graphical items, whereas MT5 provides 44.

MT4 is mostly used for trading CFD forex and other CFD assets, whereas MT5 is used for trading a variety of different assets. Both platforms provide access to both centralised and non-centralized financial markets, which include equities, cryptocurrencies, commodities futures, and foreign exchange trading instruments, among other things.

• MT4 uses MQL4 language while MT5 uses MQL5 language.
• The first allows single back testing but the second allows multiple back testing.
• You don't require any technical support using MT4 while just the opposite is true for MT5.
• MT4 supports traditional time frames but the upgraded version MT5 supports twice the number, comparatively.
• The language used in MT4 cannot be used in MT5 while the one used in the upgraded version works fine in downgrading mode.

MT5 Greater Feature Set Than MT4

MetaTrader5 is one of the more popular trading platforms available to traders due to its ease of use, wide range of features and relatively low cost. With MetaTrader 5, the trader can choose from various trading styles, including the simplified style, the accelerated style, the balanced style and the standard style.

The platform can be used for online Forex trading, although a live trading account with MetaTrader is required. MetaTrader5 has been designed and developed by some of the most accomplished professional Forex traders, who have taken their knowledge and experience to the next level, and have designed MetaTrader as a flexible trading platform that meets the needs of both newbie and experienced traders.

The MetaTrader5 platform can customise and personalise all of your trading settings, providing you with the ability to trade Forex with your own unique set of rules and regulations.

All of the Forex brokers that come with the platform are fully automated and provide you with a range of trade options, allowing you to try out custom trading strategies according to your trading style.

You will also find that these fully automated systems are extremely flexible, being able to be easily altered, customised and fine-tuned according to your risk appetite and trading objectives when you trade Forex. These are just some of the advantages offered by the MetaTrader5 platform.

Is MT4 Good For Trading?

MT4 is fast and very flexible, allowing its users to execute trades almost instantly. It is also designed to be robust enough so that the broker does not encounter any performance issues.

In addition, MT4 offers several additional features that will help the investor and trader make better decisions in the Forex market. Among these features are automated trading, granular positioning, and prediction tools.

The MT4 platform has several advantages over its competitors. For one, it offers several conveniences and advanced features that cannot be found in MetaTrader's competitors. For example, MT4 provides automatic trading on the default parameters, which greatly reduces the amount of time the broker needs to spend on manual trading.

Another advantage is that MetaTrader's automated trading does not require complex algorithms, thus greatly reducing the complexity of analysing market data.

Finally, the MT4 platform is built around the MetaTrader4 platform, providing the user with a more unified experience. MetaTrader is the best platform for more automation and advanced technical analysis with these advantages and several other unique features.

Can The Same MT4 Account Used In MT5?

Unfortunately you cannot. Both trading programs offer separate retail investor accounts. However, to show good customer support some online brokers are offering help in migrating over from MT4 to MT5.

Can I trade other assets apart from Forex?

It is not possible with MT4. The MT5 platform on the other hand is designed to help you trade in Forex as well as a wide range of assets like futures, commodities, indices and stocks.

Is MT4 Reliable?

Even today MT4 is the most popular platform for Forex trading. Almost every Forex brokerage offers MT4 to customers.

Is A Broker Required To Use MT4?

MT4 is not a trading requirement there are many other trading platforms on offer. You can sign up for an MT4 demo account of MT4 and see if Mt4 meets your foreign exchange trading requirements.

The MT4 version includes a live price feed, technical indicators, algorithmic trading, and other tools. Those who seek independent advice can also refer to advisors.

Some MT4 tools can be used without depositing any money. Using a brokerage for MT5 and MT4 has a lot of added benefits. Brokers also offer other financial instruments and trading tools that may help your investment strategy.

Brokers also have many educational documents and videos. Almost all brokers offer MT4 and MT5 demo accounts for demo trading, which you should take full advantage of if you are a new trader.

MT4 Vs MT5 Verdict

Ultimately, both trading platforms offer state-of-the-art trading systems accompanied by certified professionals who offer investment advice.

Each platform, however, serves a different purpose. MT4 is meant for Forex traders, and that includes beginner traders and experienced traders. MT5, on the other hand, lets traders gain access to stocks, CFDs, and futures.

We have conducted extensive research and analysis on over multiple data points on Mt4 Vs Mt5 to present you with a comprehensive guide that can help you find the most suitable Mt4 Vs Mt5. Below is a list of what we consider to be the best mt4 vs mt5 after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Mt4 Vs Mt5.

Reputable Mt4 Vs Mt5 Checklist

There are a number of important factors to consider when picking an online Mt4 Vs Mt5 trading brokerage.

• Check your Mt4 Vs Mt5 broker has a history of at least 2 years.
• Check your Mt4 Vs Mt5 broker has a reasonable sized customer support of at least 15.
• Does the Mt4 Vs Mt5 broker fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
• Check your Mt4 Vs Mt5 broker has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
• Does your Mt4 Vs Mt5 broker have an international presence in multiple countries. This includes local seminar presentations and training.
• Make sure your Mt4 Vs Mt5 can hire people from various locations in the world who can better communicate 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.

Our brokerage comparison table below allows you to compare the below features for brokers offering Mt4 Vs Mt5.

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

• Minimum deposit to open an account.
• Available funding methods for the below Mt4 Vs Mt5.
• What you are able to trade with each brokerage.
• Trading Platforms offered by these brokers.
• Spread type (if applicable) for each brokerage.
• Customer support levels offered.
• We show if each brokerage offers Micro, Standard, VIP and Islamic accounts.

Top 15 Mt4 Vs Mt5 of 2023 compared

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	Roboforex	XM	Pepperstone	NordFX	AvaTrade	EasyMarkets	FXPro	Admiral	ThinkMarkets	FXPrimus
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 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	Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008	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), 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), Australian Securities and Investments Commission (ASIC), 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	Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID)
Min Deposit	200	1	5	200	1	100	100	100	200	No minimum deposit	100
Funding	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal	Bank transfer Credit Card Paypal
Used By	180,000+	1,000,000+	3,500,000+	400,000+	10,000+	300,000+	142,500+	1,866,000+	10,000+	500,000+	10,000+
Benefits	Allows scalping Allows hedging Low min deposit Offers Negative Balance Protection	Allows scalping Allows hedging Offers STP Low min deposit	Allows scalping Allows hedging Low min deposit Offers Negative Balance Protection	Allows scalping Allows hedging Offers STP Low min deposit Offers Negative Balance Protection	Allows scalping Allows hedging Offers STP Low min deposit	Allows scalping Allows hedging Low min deposit	Allows scalping Allows hedging Low min deposit Guaranteed stop loss Offers Negative Balance Protection	Allows scalping Allows hedging Low min deposit Offers Negative Balance Protection	Allows scalping Allows hedging Offers STP Low min deposit Offers Negative Balance Protection	Allows scalping Allows hedging Low min deposit Offers Negative Balance Protection	Allows scalping Allows hedging Offers STP Low min deposit
Accounts	Demo account Mini account Standard account Zero spread account Raw Spread account Islamic account	Demo account Micro account Mini account Standard account Zero spread account ECN account Islamic account	Demo account Micro account Standard account Zero spread account Islamic account	Demo account Standard account Zero spread account ECN account Islamic account	Demo account Micro account Mini account Standard account Zero spread account ECN account Islamic account	Demo account Micro account Mini account Standard account Managed account Islamic account	Demo account Standard account Islamic account	Demo account Mini account Islamic account	Demo account Micro account Mini account Standard account ECN account	Demo account Standard account Islamic account	Demo account Micro account Mini account Standard account ECN account Managed account Islamic account
Platforms	MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android	MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps	MT4, MT5, Mac, Web Trader, Tablet & Mobile apps	MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps	MT4, MT5, Tablet & Mobile apps	Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5	MT4, MT5, Web Trader, 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	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support
Learn More	Sign Up with icmarkets	Sign Up with roboforex	Sign Up with xm	Sign Up with pepperstone	Sign Up with nordfx	Sign Up with avatrade	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. 77.74% 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	Losses can exceed deposits	71% of retail investor accounts lose money when trading CFDs with this provider	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	NordFX Demo	AvaTrade Demo	easyMarkets Demo	FxPro Demo	Admiral Markets Demo	ThinkMarkets Demo	FXPrimus Demo
Excluded Countries	US, IR, CA, NZ, JP	US, JP, IR, RU	US, CA, IL, KR, IR, MM, CU, SD, SY	AF, AS, AQ, AR, 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, UY, VU, VG, EH, YE, ZW	US, CA, EU, RU, SY, KP, CU	BE, BR, KP, NZ, TR, US, CA, SG	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 Mt4 vs mt5 in more detail

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 2023 article further below. You can see it now by clicking here

We have listed top Mt4 vs mt5 below.

Top Mt4 Vs Mt5 for 2023 guide by Andrew Blumer last updated on March 28, 2023

Mt4 Vs Mt5 Table of Contents

• Mt4 Vs Mt5 Explained
• 6 Factors to Consider when Choosing Mt4 Vs Mt5
• Are Your Mt4 Vs Mt5 Trusted And Established?
• Are The Mt4 Vs Mt5 World Leading?
• What are the Mt4 Vs Mt5 Commissions and Fees?
• What are the Mt4 Vs Mt5 Funding and Withdrawl Methods?
• Find Mt4 Vs Mt5 with Round-the-clock support?
• Make sure the Mt4 Vs Mt5 Offer Comprehensive Trader resources?
• Why Mt4 Vs Mt5 needs to be regulated?
• Mt4 Vs Mt5 FAQ
• What are the best Mt4 vs mt5 brokers?
• What is the best Mt4 vs mt5 broker?
• Related Mt4 Vs Mt5 Reviews
• Related Mt4 Vs Mt5 Alternatives
• Related Mt4 Vs Mt5 Comparisons

Mt4 Vs Mt5 Explained

Trading the financial markets with Mt4 Vs Mt5 when conditions are volatile can be difficult, even for experienced traders.

Apart from the educational and other resources made available online, another important factor for traders to consider when looking for Mt4 Vs Mt5 is the platform that a Mt4 Vs Mt5 offer.

Choose Mt4 Vs Mt5 that's at the forefront of innovation and generally considered an industry-leader.

To gain access to the financial markets, you'll need Mt4 Vs Mt5 that you can rely on.

6 Factors to Consider when Choosing Mt4 Vs Mt5

Follow these five rules for selecting a broker that's right for you:

Are Your Mt4 Vs Mt5 Trusted And Established?

Look for a broker that has a good track record/longevity in the market so that your strategy is your primary concern for navigating the markets. The top rated Mt4 Vs Mt5 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 Cyprus.

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	Roboforex	XM	Pepperstone	NordFX	AvaTrade	EasyMarkets	FXPro
Year Established	2007	2009	2009	2010	2008	2006	2001	2006
Head Office	Australia	Cyprus	Cyprus	Australia	Mauritius	Ireland	Cyprus, Australia	UK
Regulation	Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)	Cyprus Securities and Exchange Commission (CySEC)	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	Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008	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), 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+	3,500,000+	400,000+	10,000+	300,000+	142,500+	1,866,000+
Negative balance protection	Yes	No	Yes	Yes		No	Yes	Yes
Guaranteed Stop Loss	No	No	No	No		No	Yes	No
Learn More	Visit IC Markets	Visit Roboforex	Visit XM	Visit Pepperstone	Visit NordFX	Visit AvaTrade	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. 77.74% 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	Losses can exceed deposits	71% of retail investor accounts lose money when trading CFDs with this provider	Your capital is at risk	75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider

Are The Mt4 Vs Mt5 World Leading?

Choose a broker that's at the forefront of innovation and generally considered an industry-leader. IC Markets Segregates clients funds and offers over 2250 instruments. IC Markets offers both an online trading platform as well as a mobile platform giving clients easy access to markets.

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 Mt4 Vs Mt5 is Roboforex. Roboforex Segregates clients funds and offers over 100 instruments.

Broker	IC Markets	Roboforex	XM	Pepperstone	NordFX	AvaTrade	EasyMarkets	FXPro
Instruments Available	2250	100	1000	1200	50	1250	200	430
Platforms	MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android	MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps	MT4, MT5, Mac, Web Trader, Tablet & Mobile apps	MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps	MT4, MT5, Tablet & Mobile apps	Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5	MT4, MT5, Web Trader, Tablet & Mobile apps	MT4, MT5, cTrader, Tablet & Mobile apps
Excluded Countries	US, IR, CA, NZ, JP	US, JP, IR, RU	US, CA, IL, KR, IR, MM, CU, SD, SY, PT	AF, AS, AQ, AR, 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, UY, VU, VG, EH, YE, ZW	US, CA, EU, RU, SY, KP, CU	BE, BR, KP, NZ, TR, US, CA, SG	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	0	17	12	30
Metals	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Energies	Yes	No	Yes	Yes	No	Yes	Yes	Yes
Agricultural	Yes	No	No	Yes	No	Yes	Yes	Yes
Stocks Offered	2100	0	160	1100		1000	52	1700
UK Shares	Yes	Yes	Yes	Yes	No	Yes	Yes	Yes
US Shares	Yes	Yes	Yes	Yes	No	Yes	Yes	Yes
German Shares	Yes	Yes	Yes	Yes	No	Yes	Yes	Yes
Japanese Shares	Yes	Yes	Yes	Yes	No	Yes	Yes	Yes

What are the Mt4 Vs Mt5 Commissions and Fees?

Ensure that your broker is transparent with fees and those dues are competitive.

The best rated Mt4 Vs Mt5 broker IC Markets offers competitive offers for Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. IC Markets minimum deposit is 200.

Another top rated Mt4 Vs Mt5 broker Roboforex offers Forex, CFDs. Roboforex minimum deposit is 1. Please note that any cryptocurrency availability with any broker is subject to regulation.

Broker	IC Markets	Roboforex	XM	Pepperstone	NordFX	AvaTrade	EasyMarkets	FXPro
Min Deposit	200	1	5	200	1	100	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	Yes	No	No	charge commissions on cTrader only

What are the Mt4 Vs Mt5 Funding and Withdrawal Methods?

When dealing with Mt4 Vs Mt5 having convenient funding and withdrawl facilities makes the trading process and your trading experience smoother.

Broker	IC Markets	Roboforex	XM	Pepperstone	NordFX	AvaTrade	EasyMarkets	FXPro
Bank transfer	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Credit Cards	Yes	Yes	Yes	Yes	No	Yes	Yes	Yes
Paypal	Yes	No	No	Yes	No	Yes	No	Yes
Skrill	Yes	No	No	Yes	No	No	Yes	Yes
Payoneer	No	Yes	No	Yes	No	Yes	No	No
Neteller	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes

Find Mt4 Vs Mt5 with Round-the-clock support?

Customer service is very important when dealing with Mt4 Vs Mt5.

When investing and dealing with brokers customer support can be a range of customer services to assist customers in making cost effective and correct use the brokers services. It can include assistance in installation, training, troubleshooting, upgrading, and cancelation of a product or service.

Mt4 Vs Mt5 customer support 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	NordFX	AvaTrade	EasyMarkets	FXPro
Support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support
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	Indian, Chinese, Arabic, Brazilian, English, Spanish, Russian	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	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 NordFX	Visit AvaTrade	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. 77.74% 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	Losses can exceed deposits	71% of retail investor accounts lose money when trading CFDs with this provider	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 Mt4 Vs Mt5 Offer Comprehensive Trader resources?

Make sure your broker offers free resources like analysis, education and risk-management tools. With a wealth of knowledge from top analysts, IC Markets and Roboforex work together to bring the latest news and insights to traders.

For most traders, the first – and sometimes only – concern is pursuing their 'edge'. While that is surely important, along with sound money management habits, to navigating the markets; that step alone does not represent the full preparation. As each trader dives into this important venture, it is important not to forget the most rudimentary yet crucial steps such as selecting the best broker to access the markets.

Why Mt4 Vs Mt5 needs to be regulated?

A regulated Mt4 Vs Mt5 broker lowers your risk.

Broker regulation protects consumers. Too little broker regulation can lead to poor services and possibly financial harm.

Mt4 Vs Mt5 brokers are regulated to stop fraud. The agent's working capital and clients funded account have to be separated. This amounts to fraud if client money is used to conduct the business. Regulation is required to make sure this does not happen.

Mt4 Vs Mt5 List

IC Markets

★★★★☆ (4/5)

Min deposit : 200

Visit IC Markets Try a Demo Read review

IC Markets was established in 2007 and is used by over 180000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account

Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)

Roboforex

★★★★☆ (4/5)

Min deposit : 1

Visit Roboforex Try a Demo Read review

Roboforex was established in 2009 and is used by over 1000000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account

Regulated by Cyprus Securities and Exchange Commission (CySEC)

XM

★★★★☆ (4/5)

Min deposit : 5

Visit XM Try a Demo Read review

XM was established in 2009 and is used by over 3500000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% 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. XM offers Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account XM Zero account VIP account

Regulated by Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)

Pepperstone

★★★★☆ (4/5)

Min deposit : 200

Visit Pepperstone Try a Demo Read review

Pepperstone was established in 2010 and is used by over 400000+ traders. 74-89 % of retail investor accounts lose money when trading CFDs Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account Pro Account VIP account

Regulated by 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

NordFX

★★★★☆ (4/5)

Min deposit : 1

Visit NordFX Try a Demo Read review

NordFX was established in 2008 and is used by over 10000+ traders. Losses can exceed deposits NordFX offers Forex.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account

Regulated by Cyprus Securities and Exchange Commission (CySEC), License No: 209/13, VFSC registration number 15008

AvaTrade

★★★★☆ (4/5)

Min deposit : 100

Visit AvaTrade Try a Demo Read review

AvaTrade was established in 2006 and is used by over 300000+ traders. 71% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading . Cryptocurrency availability with AvaTrade is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account

Regulated by 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

EasyMarkets

★★★★☆ (4/5)

Min deposit : 100

Visit easyMarkets Try a Demo Read review

easyMarkets was established in 2001 and is used by over 142500+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto. Cryptocurrency availability with easyMarkets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account

Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)

FXPro

★★★★☆ (4/5)

Min deposit : 100

Visit FxPro Try a Demo Read review

FxPro was established in 2006 and is used by over 1866000+ traders. 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider FxPro offers Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB)

Admiral

★★★☆☆ (3/5)

Min deposit : 200

Visit Admiral Markets Try a Demo Read review

Admiral Markets was established in 2001 and is used by over 10000+ traders. Losses can exceed deposits Admiral Markets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)

ThinkMarkets

★★★☆☆ (3/5)

Min deposit : 0

Visit ThinkMarkets Try a Demo Read review

ThinkMarkets was established in 2010 and is used by over 500000+ traders. 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 ThinkMarkets offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account

Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), 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

FXPrimus

★★★☆☆ (3/5)

Min deposit : 100

Visit FXPrimus Try a Demo Read review

FXPrimus was established in 2009 and is used by over 10000+ traders. Losses can exceed deposits FXPrimus offers Forex, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

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

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account

Regulated by Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID)