A complete comparison of the MetaTrader 4 and MetaTrader 5 forex trading platforms

While MT4 and MT5 are broadly available and accessible by all BDSwiss clients, there are certain key differences you may need to consider when choosing your desktop platform. The new and improved Metatrader platform, the MetaTrader5 boasts state-of-the-art features including options for hedging, while MetaTrader4 is slightly less advanced and more suited to traders who are new to the markets. Not sure which one to go for? We compare and contrast the two MetaTrader platforms for you in the table below.

 
Features
 
MT5
MT4
 

Pending Order Types

Types of pending orders requesting a broker to buy or to sell a financial security under predefined conditions in the future

MT5: 6
MT4: 4

Technical indicators

The number of technical indicators, which can automatically detect patterns in the financial instrument price dynamics and help users make trading decisions

MT5: 38
MT4: 30

Graphical Objects

The number of analytical objects that help identify financial instrument price trends, detect cycles, define support/resistance levels and more

MT5: 44
MT4: 31

Timeframes

The number of timeframes — time intervals in which quotes of financial instruments are grouped

MT5: 21
MT4: 9

Economic Calendar

Availability of the Economic Calendar which includes publications on various countries’ macroeconomic indicators, which can affect financial instrument prices

MT5
Yes
MT4
No

Email System

The features of the built-in email service, which enables users to receive important information from a broker straight in the platform

MT5
Yeswith attachments
MT4
yesno attachments

Embedded MQL5.community chat

Possibility to chat with other traders directly in the platform

MT5
Yes
MT4
No

Strategy Tester

Trading robot testing and optimization modes supported by the built-in Strategy Tester

MT5:

Multi-threaded
+ Multi-currency
+ Real ticks

MT4:

Single thread

Hedging

Support for the hedging accounting system, which allows having multiple positions of a financial instrument, both in the same and opposite direction

MT5 Yes
MT4 Yes

Compatibility

Ability to download and use the platform on different operating systems. This enables the user to download the MetaTrader platform, access his account and view all past positions / recorded data on any compatible operating system.

MT5 
	Windows Vista/7/8 Mac OS iPhone/iPad Android
MT4 Windows Vista/7/8 Mac OS iPhone/iPad Android

Which trading platform is better for you?

Most seasoned traders will tell you that all they really want from a trading platform is something that is reliable and easy to use, intuitive, and doesn’t crash. Each platform is unique and has its own pros and cons, so it is best to understand what you want in a forex account, and platform before you get started.


Your capital is at risk. T&Cs apply


Your capital is at risk. T&Cs apply