MetaTrader 5 vs MetaTrader 4
MT4 was released in 2005 and remains the most popular retail forex platform. MT5 launched in 2010 with significant improvements. While MT4 is simpler, MT5 offers more features for advanced traders.
Key Differences
MT5 supports more timeframes (21 vs 9), more order types (6 vs 4), built-in economic calendar, multi-threaded strategy tester, and supports stocks/futures alongside forex. MT4 uses MQL4 language while MT5 uses MQL5.
Which Platform to Choose?
Choose MT4 if: you need maximum EA compatibility (more EAs available), prefer simplicity, or your broker only supports MT4. Choose MT5 if: you want the latest features, need multi-asset trading, want faster backtesting, or your broker recommends it.
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