MetaTrader4 Vs MetaTrader5
Which one is better? We compare MT4 and MT5 to make your choice easier.
Find the right trading platform for you
We have made the popular MT4 and MT5 platforms available for all our Alpari International clients. The new and updated version of MT5 boasts state-of-the-art features including options for hedging, while MT4 is slightly less advanced and more suited to traders who are new to the markets. Not sure which one to go for? You’ve come to the right place. We compare and contrast the two MetaTrader platforms for you here.
MT4 vs MT5 - what's the difference?
| Order Execution Types Details | ||||
|---|---|---|---|---|
|
Number of supported types of order execution.
|
| Partial Order Filling Policies | ||||
|---|---|---|---|---|
|
Partial edit option where a trade that is now available with maximum volume is executed, not exceeding the volume requested in the order, and unfilled volume is cancelled.
|
| Order Fill Policy |
|---|
| Pending Order Types | ||||
|---|---|---|---|---|
|
Types of pending orders requesting a broker to buy or to sell a financial security under pre-defined conditions in the future.
|
| Netting | ||||
|---|---|---|---|---|
|
Having one open position of a financial instrument only.
|
| Hedging | ||||
|---|---|---|---|---|
|
Having multiple positions of a financial instrument, both in the same and opposite direction
|
| Market Depth | ||||
|---|---|---|---|---|
|
Bids and offers for a financial security at different prices depending on the volume
|
| Technical Indicators | ||||
|---|---|---|---|---|
|
Technical indicators are used to automatically detect patterns in the financial instrument price dynamics
|
| Graphical Objects | ||||
|---|---|---|---|---|
|
Analysis tools that help to identify financial instrument price trends, to detect cycles and support / resistance levels, to build channels and more
|
| Timeframes | ||||
|---|---|---|---|---|
|
Group quotes of financial instrument in time intervals.
|
| Economic Calendar | ||||
|---|---|---|---|---|
|
A fundamental analysis tool which features macroeconomic news from numerous countries that can affect financial instrument prices
|
| Email System | ||||
|---|---|---|---|---|
|
Built-in email service, where you can receive notifications from FXTM straight to your platform.
|
| Strategy Tester | ||||
|---|---|---|---|---|
|
EA tester and optimization modes.
|
| Embedded MQL5.community chat | ||||
|---|---|---|---|---|
|
Chat with other traders directly from the platform
|