MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are popular trading platforms offered by Valutrades. While both provide access to financial markets, they have key differences that cater to various trading styles and needs.
This comparison table will help you understand these differences to choose the right platform for you.
| Feature | MetaTrader 4 | MetaTrader 5 |
| Chart Timeframes | 9 | 21 |
| Chart Indicators | 30 | 44+ |
| Economic Calendar | No | Yes |
| Market Depth | No | Yes |
| Pending Order Types | 4 | 6 |
| Hedging | Allowed | Hedging or Netting |
| Programming Language | MQL4 | MQL5 |
| Backtesting | Single Thread | Multiple Threads |
| User Interface | Simpler, more established | More modern, potentially more complex |
| Web Trading |
Yes | Yes |
| Mobile Trading |
Yes (Android and iOS) | Yes (Android and iOS) |
MetaTrader 4 (MT4) is a time-tested and globally recognized platform, especially popular among Forex traders. Its intuitive interface and vast collection of custom indicators and Expert Advisors (EAs) make it an excellent choice for both beginners and experienced traders.
What MT4 Offers:
- User-Friendly Interface: MT4's straightforward design makes it easy to navigate and execute trades.
- Extensive Resources: Access a massive library of custom indicators and EAs to enhance your trading strategies.
MetaTrader 5 (MT5) is a modern and powerful platform built to handle a wider range of financial instruments, including stocks, futures, CFDs, and more. It boasts advanced charting capabilities, a broader selection of order types, and a significantly faster backtesting environment.
What MT5 Offers:
- Multi-Asset Trading: Trade Forex, stocks, futures, and other instruments all within one platform.
- Advanced Charting: Utilize sophisticated charting tools and technical indicators for in-depth market analysis.
- Enhanced Performance: Experience faster backtesting and optimized performance.
Which Platform Suits Your Trading Style?
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Choose MT4 if: You primarily focus on Forex trading, prefer a simpler and more established platform, and value access to a large library of existing EAs and indicators.
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Choose MT5 if: You're interested in trading multiple asset classes, require advanced charting and analysis tools, and prioritize a faster backtesting environment.
Platform Compatibility:
Both MT4 and MT5 are compatible with Windows (Windows 7 or higher), macOS, and mobile devices (Android 4.0/iOS 7.0 or higher). Web trading is also supported on both platforms, allowing you to trade from any browser.
If you require further assistance from our support team, please contact us during our working hours as stated inside: How do I contact Valutrades Customer Support?