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