Which platform is better between mt4 or mt5?

[Vuyisile Maseko]

Hello traders, What is better between mt4 or mt5? Do you guys think there's a difference?

 

[casemiro]

Though MT4 is a simple broker to trade, MT5 is more advanced, quicker, and more efficient than MT4, but it does not replace the prior platform because it is unique and provides more than MT4.

MT5 allows you to trade more instruments in nearly all financial markets, including forex, equities, indices, commodities, and even cryptocurrencies.

 

[Israelefagan]

I prefer MT5 but most people still use 4 and 4 seems to have a greater variety of indicators/experts available. I hope eventually people move to 5.

 

[FTFT]

MT4 has a lot more indicators than MT5 though it has its own limitation. I still prefer and stick to MT4 since I am able to find those indicators that I need for my trading.

 

[Klaus.K]

Though MT4 has a lot of indicators, I still prefer MT5 over MT4 because of its advanced version and because MT5 has more instruments in most financial markets.

 

[toidaychuconai]

Mt4 uses for new member! Mt5 for pro because we can dca in Mt5

 

[Maggzzx]

Hello traders, What is better between mt4 or mt5? Do you guys think there's a difference?

i would say MT5 because you can hedge. Also because MT4 is scarce nowadays on PC

 

[Jefferson91]

I like MT5, but most people still use MT4, and it appears to offer a larger selection of indicators and experts. I hope folks finally go to 5.

 

[alanng281182]

i would love to prefer mt5 over mt4, just that my broker does not have a mt5 platform. Hope this helps

 

[skrimon]

It depends on your specific trading needs and preferences.

 

[DenzilJude]

MT4 contains many more indications than MT5, but it has its own set of limitations. I still like and use MT4 since I can locate the indicators I need for my trade.

 

[milomilo]

i prefer mt4 because it is older and used more often by others. especially indicators.

 

[jassi36]

MT4 has a lot more indicators than MT5 though it has its own limitation. I still prefer and stick to MT4 since I am able to find those indicators that I need for my trading.

 

[gennystany13]

in my opinion MT4 is still a classic (with all the necessary functionality)

 

[zulhaqim]

It depends on your needs and preferences. MT4 is the older version and more widely used, while MT5 is the newer one with some extra features. If you're a beginner or prefer simplicity, MT4 might be your go-to. It has a huge user base, lots of available indicators and expert advisors, and is compatible with most brokers. MT5, on the other hand, offers more advanced features, like additional order types and built-in economic calendar. So, if you're an experienced trader or need those extra bells and whistles, MT5 could be worth checking out. Ultimately, it boils down to your trading style and requirements. Give both a try if you can and see which one suits you best.

 

[FXTrader76]

I guess MT5 is a bit faster, but i'm using MT4 because there are more tools available online.

 

[GreenPips]

I'll go for mt4 anyday, but then it depends on individual preference.

 

[Deam.Hender]

Though MT4 is a simple broker to use, MT5 is more advanced, faster, and more efficient than MT4, yet it does not replace MT4 since it is unique and offers more than MT4.

 

[Kirankrithika]

I like MT5, but most people still use MT4 because it appears to offer a larger selection of indicators and experts. I hope folks finally go to 5.

 

[elmyda]

android Mt4 app very light don't slow down your phone like mt5