⚖️ COMPARING THE MT4/MT5 PLATFORMS (Forex, CFDs, and Futures Trading)
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⚙️ What is MetaTrader?
MetaTrader is a widely used trading platform for markets around the world, including stocks, currencies, and commodities. It comes in two versions, MT4 and MT5, and offers advanced tools for technical analysis and a flexible user interface. MetaTrader supports automated trading, expert advisors (EAs), backtesting, and a variety of pending orders. All MetaTrader versions include a built-in MQL editor for creating automated trading strategies. MetaQuotes Language (MQL) is an integrated programming language based on C++.
MetaTrader versions:
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MetaTrader 4 (MT4) – Uses MQL4 for custom indicators, scripts, and Expert Advisors (EAs). Popular for automated trading.
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MetaTrader 5 (MT5) – Uses MQL5, offers more order types and timeframes, advanced charting and analysis tools, and includes an integrated economic calendar.
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MetaTrader Web (WebTrader) – Has fewer features than the desktop versions, but is convenient for quick trades.
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MetaTrader Multi-Account Manager (MAM) – Works with MT4 and MT5, allowing management of multiple client accounts from a single interface.
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MetaTrader Mobile – Available for MT4 and MT5, with apps for both iOS and Android.
Table: Compare different MetaTrader versions
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TRADE PLATFORM |
FEATURES |
MARKETS |
BROKERAGE |
ACCOUNTS |
KEY POINTS |
INFO |
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■ MetaTrader4™
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Built-in programming language: MQL4 |
Forex, Equities, Energies, Metals, Commodities, Bonds Instruments:
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300 Brokers around the world offer the MT4 platform: |
It depends on the selection of the broker MT4 Account Features:
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Limitations:
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More information here:
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■ MetaTrader5™
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Built-in programming language: MQL5
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Forex, Equities, Crypto, Energies, Metals, Commodities, Bonds Instruments:
Exchange execution: Send orders directly to an external trading exchange |
Brokers supporting MT5: |
MT5 Account Features:
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Limitations:
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More Information here: |
■ MetaTrader Trading Platforms
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