Traders on this platform will benefit from faster processing times, advanced pending orders and the latest tools/indicators to help them take their trading to the next level.
The MT5 platform provides traders with more flexibility in their trading activities given that it comes equipped with additional trading functionalities and advantages that are not available on the MT4 platform. While more widely accessible, the older MT4 platform, running on less updated software, will eventually be phased out and, as early as now, existing and new traders must learn to navigate and adapt to MT5, which is likely to become the trading platform of choice in the future.
FEATURES | MT5 | MT4 |
---|---|---|
Timeframes | 21 | 9 |
Backtesting / Strategy tester | Multi-threaded + Multi-currency + Real ticks | Single-threaded |
Supported programming language | MQL5 | MQL4 |
Depth of Market (DOM) | ✓ | X |
Built-in Economic Calendar | ✓ | X |
Partial order filling policies | ✓ | X |
Netting | ✓ | X |
Balance transaction types | Credit, Bonus, Balance, Correction, Commission, Agent, Interest, Charge | Balance, Credit |
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