The differences between MetaTrader 4 and MetaTrader 5

[lab4word]

MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are both trading platforms developed by MetaQuotes software Corp. While both platforms are similar in many ways, there are also some key differences between the two.
Programming Language: MT4 uses MQL4, while MT5 uses MQL5, which is more powerful and supports more advanced programming techniques.
Order Types: MT4 has six order types, while MT5 has eight, including the new "netting" and "hedging" options.
Market Depth: MT5 provides more detailed market depth than MT4, which allows traders to see the volumes of pending orders at different prices.
Number of Timeframes: MT5 offers 21 timeframes, while MT4 offers 9 timeframes.
Indicators and Scripts: MT5 has 38 built-in indicators and scripts, while MT4 has 30.
Trading Signals: MT5 has a built-in service for trading signals, while MT4 does not.
Compatibility: MT4 is more widely accepted by brokers and is compatible with more third-party software and plug-ins.
Execution: MT5 offers a faster execution time and a more accurate order filling process than MT4.
Hedging: MT5 supports both hedging and netting accounting systems, while MT4 only supports netting.
In summary, MT5 is more advanced than MT4 and offers more features, including a more powerful programming language, more order types, market depth, timeframes, indicators and scripts, built-in trading signals, faster execution and support for both hedging and netting accounting systems. However, due to its wider acceptance and compatibility with more third-party software and plug-ins, MT4 is still more popular among traders and brokers.

 

[Charles Agustin]

There are many differences between mt4 and mt5 trading platform and agood trading broker always offers reliable trading platforms. A secure broker provides traders with all necessary facilities like high security of funding, good amount of leverage, narrow spread in most of the pairs, flexible margin level, and other facilities moderately

 

[forexxx]

There are many differences between mt4 and mt5 trading platform and agood trading broker always offers reliable trading platforms. A secure broker provides traders with all necessary facilities like high security of funding, good amount of leverage, narrow spread in most of the pairs, flexible margin level, and other facilities moderately

You have more indicators on mt4 than in mt5

 

[Fin_Trader]

To trade according to my trading strategy, it doesn’t matter to me what platform it will be, MT4 or MT5. It is only important for me that the broker provides instant execution of orders in the terminal and minimal spreads or commissions. Then trading will be profitable and comfortable.