MT4 and MT5 are the two most popular trading platforms in the industry, but which one is more suitable for your trading?？

One of the first choices we have to make when registering with a broker is to decide which trading platform to use。The ideal trading platform usually has analytical tools, fast trade execution and other functions.。

In most brokers, you usually have two trading platforms to choose from: MetaTrader 4 (MT4) and MetaTrader 5 (MT5)。What's the difference between the two？

• MT4: user-friendly interface for all types of traders。
  MT5: Provides a wider selection of advanced tools for experienced traders。

While most brokers offer both options, the two are very different and each has its pros and cons。Learn which one is best for you in this guide。

Introduction to MetaTrader 4

Released in 2005, MetaTrader 4 has become one of the most popular trading platforms due to its ease of use and high flexibility。

Because of its popularity, it is often seen as an industry standard, so almost all well-known brokers can connect to MT4 directly or through internal platforms.。

MT4 allows all types of traders to start trading quickly, regardless of their trading style and level of expertise。The platform is simple and user-friendly, but offers many trading features to help traders achieve their investment goals, including charts, expert advisors, trading signals and trading indicators。In addition, financial news updates and notification tools ensure that traders are always up to date with the latest market developments。

Introduction to MetaTrader 5

MetaTrader 5 was released in 2010 and quickly became a powerful trading platform for the industry, following a similar path to its predecessor.。However, there is a common misconception that MT5 is just an improved version of MT4。In fact, MT5 can also do some things that MT4 can not do。

The platform is more focused on technical capabilities and upgrades, going beyond currency trading and almost all kinds of instruments, including futures, stocks, and more.。

MT5 offers more advanced features than MT4, from better tools to more technical indicators and pending order types。As a result, it allows traders to explore more and diversify their portfolios through a variety of advanced trading techniques.。

MetaTrader 4 Vs MetaTrader 5

Before making a choice, it is important to first understand the characteristics of each option。First, let's talk about the similarities between MT4 and MT5.。These two platforms do have some notable features, such as:

• Optional trading instruments including forex pairs, metals, cryptocurrencies, indices, energy and stocks。
  infinite leverage。
  Available Hedging Systems。
  Demo accounts available (except Standard Cent accounts)。
  Instant and market execution。
  EAs, Scripts, and Metrics。
  For Windows, macOS, and Linux。

At the same time, there are several major differences between the two platforms, as shown below。

方面	MetaTrader 4	MetaTrader 5
Pending Order Type	Buy stop loss, sell stop loss, buy limit, sell limit, take profit, stop loss.	Buy Stop, Sell Stop, Buy Limit, Sell Limit, Take Profit, Stop Loss, Buy Stop Limit, Sell Stop Limit
Indicators	30	38
Economic calendar	❌	✔️
Time period	9 periods, 3 chart types	21 periods, 3 chart types
Archive orders	Archive orders older than 14 days	Do not archive
Programming Language	MQL4	MQL5

Which one should be chosen？

We can conclude that MT4 and MT5 have essentially different uses, and it is difficult to say which platform is better。MT4 remains an unrivalled platform for Forex and CFD traders, while MT5 targets different markets such as stocks, commodities and futures。

MT4's user-friendly interface makes the platform accessible to any trader, including those with little to no trading experience.。

MT5 offers a wider selection of advanced tools to make it more suitable for experienced traders, including a variety of pending orders to support traders' strategies。

You need to choose the one that best suits your trading style。Keep in mind that once you open an MT4 account with any broker, you will not be able to use MT5 with MT4 credentials and vice versa。

Therefore, to execute trades using MT4 and MT5, you must open a separate trading account for each platform。

MT4 and MT5 in Top Forex Brokers

Due to the popularity of both platforms, there are many brokers offering MT4 and MT5, here are some of them。

1. Exness: MT4 and MT5 are available for all Exness trading accounts, including standard and professional accounts。
   IC Markets: The broker gives traders access to the MT4 and MT5 trading platforms with raw spreads and standard trading accounts。
   FP Markets: FP Markets offers traders MT4 and MT5 platforms on standard and original accounts。
   FBS: FBS offers MT4 and MT5 platforms on standard and cent account types。
   Pepperstone: Pepperstone offers MT4 and MT5 platforms in its Razor and Standard accounts。