Comparison of MT4 and MT5
Why we recommend using MT5
MetaTrader 5 – MetaTrader 5 is a modern and multi-functional trading platform that offers advanced capabilities for analysing and trading in various financial markets. With its advanced features, increased transaction speed and intuitive interface, MT5 is the ideal choice for traders of all levels - from beginners to professionals.
| Feature | MetaTrader 4 (MT4) | MetaTrader 5 (MT5) |
|---|---|---|
| Year released | 2005 | 2010 |
| Order types | Market, limit, stop, and trailing stop orders | Market, limit, stop, trailing stop, and stop limit orders |
| Order execution types | Market execution, instant execution, request execution | Market execution, instant execution, request execution, обмен, exchange |
| Markets | Forex, CFDs | Forex, CFDs, stocks, futures, options, bonds |
| Technical analysis | 30 technical indicators | 107 technical indicators |
| Chart items | 24 | 35 |
| Number of timeframes | 9 | 21 |
| Market depth (Level II) | No | Yes |
| Economic calendar | No | Yes |
| Algorithmic trading | MQL4 | MQL5 |
| Strategy testing | Single-threaded testing | Multi-threaded testing, tests on real ticks |
| Reports and analysis | Standard reports | Advanced reports and analysis capabilities |
| Custom interface | Intuitive, older version | Updated interface with improved functionality |
| Hedging | Yes | Yes |
| Netting | No | Yes |
| Compatibility with HFT (high-frequency trading) | Limited | Expanded |
Benefits of MetaTrader 5
- Advanced algorithmic trading
The MQL5 programming language used in MT5 is superior to MQL4 and allows you to create more complex trading robots and scripts to automate trading.
- Multi-threaded strategy testing
MT5 supports multi-threaded testing of strategies on real ticks, which significantly speeds up the optimisation of trading bots and increases their performance.
- Advanced technical analysis
The platform offers 107 built-in technical indicators and 35 chart items, which is a significant increase compared to MT4.
- More timeframes
MT5 has 21 timeframes available versus MT4's 9. This allows traders more flexibility in analysing market movements on different timeframes.
- Economic calendar
The built-in economic calendar helps traders stay abreast of current events and react to market changes in a timely manner.
- Expanded features
MetaTrader 5 offers a wider range of order types, such as stop-limit orders, and improved market depth (Level II).
- Multi-market platform
MT5 supports trading for forex, CFDs, stocks, futures, options and bonds. This allows traders to diversify their investments and use one platform for multiple purposes.
- Improved user interface
The updated and more intuitive MT5 interface makes working with the platform more convenient and enjoyable. Improved navigation and additional features allow traders to execute trades faster and more efficiently.
- Compatibility with HFT
Improved support for High-Frequency Trading (HFT) makes MT5 an ideal choice for professional traders and institutional investors.
- Additional analysis tools
MT5 provides advanced reports and tools to better analyse your results and improve your strategies.
With MT5, you'll get access to powerful tools that can help you trade more successfully and take full advantage of market opportunities.
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