Difference between Exness MT4 and MT5
MetaTrader 5 is an advanced 5th generation trading platform from the trading software giant MetaQuotes Software Corp. It is a new and improved version of MetaTrader 4 loaded with additional features and tools such as new order types and customizable timeframes .
Something to remember: If you open a MetaTrader 4 account, you will not be able to use MetaTrader 5 with MT4 credentials and vice versa. If you want to have both MT4 and MT5 accounts, you must open separate trading accounts for them.
The main differences between the desktop versions of MetaTrader 4 and MetaTrader 5 are listed below :
|Trading Platforms||MetaTrader 4||MetaTrader 5|
|Pending orders||Buy Stop, Sell Stop, Buy Limit, Sell Limit, Take Profit, Stop Loss||Buy Stop, Sell Stop, Buy Limit, Sell Limit, Take Profit, Stop Loss, Buy Stop Limit, Sell Stop Limit|
|Timeframes||9 timeframes (default only)||21 timeframes (default and customized)|
|Account types||Standard Cent, Standard, Pro, Raw Spread, Zero and ECN||Standard, Pro, Raw Spread and Zero|
|Archived orders||Orders older than 35 days are archived||Orders are not archived|
MetaTrader 4 and MetaTrader 5 share the following features:
|MT4 and MT5|
|Trading instruments||Forex currency pairs including gold, silver, platinum and palladium
Energies (USOil and UKOil)
|Demo accounts||Available (Except Standard Cent Accounts)|
|Order execution||Instant and market|
|EAs, scripts, and indicators||Available|
Due to differences in programming languages (MQL4 for MetaTrader 4 and MQL5 for MetaTrader 5), the Expert Advisors, scripts and indicators you use in MetaTrader 4 are not compatible with MetaTrader 5 and vice versa.