MT4 vs MT5 at your broker: what do they actually offer?

Most brokers offer both MetaTraders with different instrument lists, execution and quirks. The real differences at specific brokers are worth collecting.

MT4 vs MT5 at your broker: what do they actually offer? — central bank rate path diagram
A central bank's policy rate path across recent meetings

Share:

  • the broker and which platform you use
  • the instruments or features missing on one
  • why you chose yours
MT4 vs MT5 at your broker: what do they actually offer? — risk-reward diagram
A risk-reward ratio of 1 to 2

The platform comparison guide covers the general differences.

Background: MetaTrader 4 vs MetaTrader 5 vs cTrader vs TradingView

The four platforms most forex traders choose between, compared on charting, order types, automation and broker availability.

What is the difference between MT4 and MT5?

MT5 has more timeframes (21 against 9), depth of market, a built-in economic calendar, more order types and a faster strategy tester. MT4 Expert Advisors written in MQL4 don't run on MT5 without being rewritten.

Can I trade forex directly on TradingView?

Yes, if your broker offers a TradingView integration. You connect your broker account and place orders from TradingView's charts.

Read the full guide

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