Metatrader 4 vs Metatrader 5
FXTM offers forex trading on both MetaTrader 4 (MT4) and MetaTrader 5(MT5), two of the industry’s leading trading platforms.
Both provide pioneering automated trading systems with expert advisors. However, they each serve a very different function and, contrary to popular belief, MT5 is not an upgrade of MT4.
MT4 was specifically built for forex traders, whereas MT5 was designed to provide traders with access to CFDs, stocks and futures.
Determine which platform is right for you with this handy infographic.
For more information on the key differences between the MT4 and MT5 platforms, or information on the trading platforms available at FXTM, click here.
The MetaTrader platforms have transformed financial markets for the retail trader. Today, millions of traders worldwide use these award-winning online trading platforms to invest in a vast range of markets including forex, commodities and indices.
FXTM gives you the opportunity to use both MT4 and MT5 to access and trade markets from your laptop, PC, tablet and mobile. Both platforms are free to download and offer:
Fast execution and mobility
watch live prices and charts, place new orders into the market and manage your positions in real-time while on the go.
Ample opportunities for traders of all skill levels
this includes algorithmic trading, advanced technical analysis and Expert Advisors.
Personalisation
the simple user interface is a software-based program which is highly customisable to individual trading preferences.
Both trading platforms have a host of features to develop your skills and trading experience.
Analysis Tools
Attractive, interactive charting is a key feature of MT4 and MT5. Both platforms offer a huge variety of technical analysis indicators across multiple timeframes and can also provide the latest financial news.
Financial Markets
MT4 was originally designed for forex traders, but as the popularity of retail trading, MT5 was developed to cater for even more financial markets. The newer platform allows you to also trade individual stocks and commodities in cash.
Orders
Similar execution modes are available on both platforms. MT5 provides additional order fill policies and pending orders which offer even more advanced ways of trading.
Automated Trading
Built-in programming language on both platforms enables traders to write trading programs and develop custom-made management tools and trading signals. This service also allows you to copy trades of other traders, and provides you with various Expert Advisors. Back-testing capabilities are upgraded on the latest version, as MT5 lets you look at multiple currencies using live prices.
The ease of use and ability to customise MT4 and MT5 have made these online platforms the most popular in the world. With so many features and the opportunity to automate your trading, every trader now has the chance to take their knowledge and performance to the next level.
Whatever your trading style and preferences, FXTM provides the best trading platforms for you to take advantage of any opportunities in the markets. Check out our handy infographic and decide which platform is best for you.
