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October 22, 2018

MT4 and MT5 Specs Comparison. Which MetaTrader is better for Forex trading?

Comparison of MT4 and MT5 - MetaTrader platforms to trade FX & CFD.

mt4-mt5-metatrader-trading-platforms-comparison mt4-mt5-metatrader-trading-platforms-comparison

The difference of MT4 and MT5 trading platforms? Check out now to learn the most popular trading platforms.

Along with MetaTrader4, MetaTrader5 trading platform is becoming more popular among traders as online brokers have started adopting the platform.

What is MT5 first of all?

MetaTrader4 is the most popular trading platform among Online FX & CFD Brokers and Traders in 2018.

The developer is ‘MetaQuotes’, and the company has announced that they have stopped working on updates of MetaTrader4 and now focusing on development of MetaTrader5 platform.

In 2018, MT4 still covers the majority of brokers and traders. Meanwhile, online brokers have started offering MT5 trading platform and now the number of brokers which offer MT5 platform have already exceeded one hundred.

List of MT5 Brokers

Comparison of MT4 and MT5 platforms

Although MT4 and MT5 are 2 different trading platforms, they are almost the same visually.

But, as you may already know, MT5 trading platform has many more improved conditions than MT4.

See the table below to compare the MT4 and MT5 trading platforms.

MetaTrader5 MetaTrader4
Partial Order Filling Policies Available Not Available
Types of available Order Fill Policy Fill or Kill
Immediate or Cancel
Return
Only Fill or Kill
Number of Pending Order Types 6 4
Depth of Market Window Available Not Available
Time&Sales Window(Exchange data) Available Not Available
Number of Technical Indicators  38 30
Number of Graphical Objects 44 31
Number of different Time frames 21 9
Economic Calendar on Platform Available Not Available
Sending Attachments via Email Possible Not Possible
Transferring Funds between Accounts Possible Not Possible
MQL5.community Chat Option Available Not Available
Type of available Strategy Tester Multi-threaded
+ Multi-currency
+ Real ticks
Only Single thread
Netting Account Type Available Not Available
Number of Symbols Unlimited 1,024
Supported Market Financial Instruments Forex / CFDs / Futures /
Options / Stocks / Bonds
Only Forex & CFDs

List of MT5 FX & CFD Brokers

We have listed up the Online Brokers which offer MT5 trading platform.

You can find the list of MetaTrader5 trading account types in the page below.

MT5 Brokers & Account Types

All Forex Brokers

  • IFC Markets
  • FxPro
  • IronFX
  • Axiory
  • FBS
  • Land-FX
  • MyFX Markets
  • Titan FX
  • Traders Trust
  • XM
  • LMFX
  • FXDD
  • ForexClub
  • Tradeview
  • EightCap
  • FXOpen
  • HotForex
  • FXGiants
  • LQDFX
  • Fortrade
  • CM Trading
  • InstaForex
  • FXPRIMUS
  • ForexMart
  • Valutrades
  • AvaTrade
  • Yadix
  • easyMarkets
  • JustForex
  • FXTM
  • HYCM
  • FP Markets
  • SimpleFX
  • IC Markets
  • Evolve Markets
  • Tickmill
  • Markets.com
  • UFX
  • Anzo Capital
  • LiteForex
  • 4xCube
  • OctaFX
  • Tifia
  • XTB
  • AAAFx
  • NordFX
  • FXGlory
  • Capex
  • ClickTrades
  • TopstepFX
  • HotForex ZA (South Africa)
  • XMTrading
  • PaxForex
  • FortFS
  • ETFinance
  • ATFX
  • XBPrime
  • Oinvest
  • VantageFX
  • EXNESS
  • BlackBull Markets
  • SuperForex
  • Deriv
  • SquaredFinancial
  • Olymp Trade
  • FinmaxFX
  • Plus500
  • FXCM
  • USGFX

All Crypto-Currency Exchanges

  • CEX.IO
  • HitBTC
  • Paxful
  • BitMEX
  • Binance
  • YObit
  • Bibox
  • BKEX
  • CoinPark
  • CoinEx
  • IRONX
  • CoinField
  • bybit
  • Bitpanda
  • XBTFX
  • Trade8
  • PrimeBit