Risk warning: Your capital is at risk. Exinity Limited is regulated by FSC.
Risk warning: Your capital is at risk. Exinity Limited is regulated by FSC.

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.

MT5VsMT4

MT4 vs MT5 - what's the difference?

Order Execution Types Details

Number of supported types of order execution.

MT4MT5
43
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.

MT4MT5
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.

MT4MT5
64
Netting

Having one open position of a financial instrument only.

MT4MT5
Hedging

Having multiple positions of a financial instrument, both in the same and opposite direction

MT4MT5
Market Depth

Bids and offers for a financial security at different prices depending on the volume

MT4MT5
Technical Indicators

Technical indicators are used to automatically detect patterns in the financial instrument price dynamics

MT4MT5
3830
Graphical Objects

Analysis tools that help to identify financial instrument price trends, to detect cycles and support / resistance levels, to build channels and more

MT4MT5
4431
Timeframes

Group quotes of financial instrument in time intervals.

MT4MT5
219
Economic Calendar

A fundamental analysis tool which features macroeconomic news from numerous countries that can affect financial instrument prices

MT4MT5
Email System

Built-in email service, where you can receive notifications from FXTM straight to your platform.

MT4MT5
Yes
(with attachments)
Yes
(without attachments)
Strategy Tester

EA tester and optimization modes.

MT4MT5
Multi-threaded
+ Multi-currency
+ Real ticks
Single thread
Embedded MQL5.community chat

Chat with other traders directly from the platform

MT4MT5

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