Why we prefer MT5
Simply put, it’s faster and more efficient than MT4. It doesn’t replace MT4. It’s different in that MT5 offers far more than MT4. MT5 provides the ability to trade more instruments in almost all financial markets, including forex, stocks, indices, commodities, and even cryptocurrencies. MT4 does not. We chose to go with the platform that sets the trend.
| Features |
MT5 |
MT4 |
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| Timeframes |
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| Indicators |
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| Pending Orders |
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| Reports |
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| Market Depth |
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| Economic Calendar |
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| Publishing Charts Online |
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| Access To MetaTrader Market |
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| Testing Modes |
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| Programming Language |
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Timeframes |
|---|
MT5
✓ 11 minute charts |
MT4 ✓ 4 minute charts |
Indicators |
|---|
MT538 indicators and 44 analytical objects included, thousands more through Code Base and Market |
MT430 indicators and 33 analytical objects included, thousands more available through Code Base |
Pending Orders |
|---|
MT5 ✓ Buy Limit |
MT4 ✓ Buy Limit |
Reports |
|---|
MT5Charts in HTML 5 plus tables |
MT4Tables only |
Market Depth |
|---|
MT5Yes |
MT4No |
Economic Calendar |
|---|
MT5Yes – built into the terminal |
MT4No |
Publishing Charts Online |
|---|
MT5Yes – traders can easily save and share images of their charts. They can also view their previously saved charts in a dedicated gallery. |
MT4No |
Access To MetaTrader Market |
|---|
MT5Yes – a market of subscription or purchasable indicators, EAs, and scripts from the MQL5 community. |
MT4No |
Testing Modes |
|---|
MT5 ✓ Every Tick |
MT41 |
Programming Language |
|---|
MT5MQL5 |
MT4MQL4 |
