Our company provides the opportunity to trade on two world-famous trading platforms: MetaTrader 4 and MetaTrader 5. Both platforms are developed by MetaQuotes and differ primarily in trading conditions and specific functionality.
While MT4 may be more suitable for beginner traders and those focused primarily on forex trading, MT5 offers additional features and functionalities that cater to more advanced traders and investors seeking a broader range of assets and trading opportunities.
MetaTrader 4
The MetaTrader 4 terminal is optimized for trading on Forex Club servers and has a large community of users that can help find answers to almost any question, including indicators, Expert Advisors, and other useful materials.
The main advantages of MetaTrader 4:
Automated trading (ability to connect trading robots and Expert Advisors);
Ability to use technical analysis, indicators, trendlines, and oscillators;
Ability to add custom indicators, Expert Advisors, and templates;
Built-in library that allows you to download indicators, Expert Advisors, and utilities;
Ability to use trading signals, copy trading, or become a signal provider;
Built-in DDE server that allows you to export real-time quotes to Excel.
The MetaTrader 4 terminal is available as a desktop application for PC (Windows), a mobile app for iOS and Android, and a web version.
You can download MetaTrader 4 here.
MetaTrader 5
An extensive community has also formed around MetaTrader 5, helping you find useful information and download necessary indicators, Expert Advisors, and utilities.
The MetaTrader 5 platform includes the same core functionality as MetaTrader 4, but adds enhanced features, such as Depth of Market (DOM).
The platform is available as a desktop application for PC (Windows), a mobile app for iOS and Android, and a web version.
You can download MetaTrader 5 here.
Main differences between the MetaTrader 4 and MetaTrader 5 terminals
Feature | Metatrader 4 | Metatrader 5 |
Timeframes | 9 (Minutes: 1, 5, 15, 30; Hours: 1, 4; Day, Week, Month) | 21 (Minutes: 1, 2, 3, 4, 5, 6, 10, 12, 15, 20, 30; Hours: 1, 2, 3, 4, 6, 8, 12; Day, Week, Month) |
Technical indicators | 30 | 38 |
Pending orders | 4 (Buy/Sell Stop, Buy/Sell Limit) | 6 (Buy/Sell Stop, Buy/Sell Limit, Buy/Sell Stop Limit) |
Programming language | MQL4 (Simpler and more widely adopted language with extensive pre-built tools and resources). | MQL5 (More robust and versatile language, offering object-oriented programming support and access to more built-in functions and libraries). |
Third-party add-ons and integrations | Has a thriving ecosystem of third-party add-ons, plugins, and integrations developed by independent providers. | Supports third-party add-ons and integrations, though the selection may be more limited compared to MT4. |
Depth of market (DOM) | Does not offer built-in market depth features to view supply and demand dynamics. | Includes a Depth of Market (DOM) feature displaying real-time bid/ask prices and available volume at each price level. |
The choice between MT4 and MT5 depends on each trader's personal preferences, trading strategies, and specific requirements. Many MetaTrader users prefer MT4 as it is more familiar, has stood the test of time, and offers a vast library of add-ons and custom tools.
You can download both versions of the terminal to determine which one best suits your trading style.