MT5 vs MT4 comparison

MetaQuotes have released MetaTrader 4 (MT4) and MetaTrader 5 (MT5) in 2005 and 2010, respectively. Since the release of MT4, the trading platform has become popular and widely used by forex & CFD brokerages. The MT5 platform targets a wider range of businesses including connection to exchanges, better flexibility in configuration and support for other asset classes than forex. At Fair Trading Technology, we offer white label solutions for both platforms.

Below you can learn more about the differences between MT4 and MT5.

MetaTrader 5 (MT5)
MetaTrader 4 (MT4)
Execution modes
4
3
64-bit version
Server architecture
Distributed
Single
Accounts groups
Unlimited
512
Security groups
Unlimited
32
Built-in order routing
Orders database size
Unlimited
Up to 10M orders
Reports
Charts (HTML5) + tables
Tables only
Balance transaction types
Balance, Credit, Correction, Charges
Balance, Credit
Bonus, Commission, Agent, Interest
Log-files ZIP compression
Automated
SQL Export
Native (MySQL, MSSQL, Oracle)
Limited (MySQL)
Manager API
C++, ASP.Net, PHP
C++
Gateway API
Report API
Partial Order Filling Policies
Order Fill Policy
Fill or Kill
Fill or Kill
Immediate or Cancel
Return
Pending Order Types
6
4
Depth of Market
Time&Sales (Exchange data)
Technical Indicators
38
30
Analytical Objects
44
31
Timeframes
21
9
Economic Calendar
Email System
with attachments
no attachments
Transfer funds between accounts
Embedded MQL5.community chat
Strategy Tester
Multi-threaded
Single thread
+ Multi-currency
+ Real ticks
Multilingual Unicode
Netting
Hedging
Symbols
Unlimited
1 024
Supported Markets
Forex / Futures /
Forex
Options / Stocks /
Bonds
Exchange Trading

For more information, you can also visit MetaQuotes’ website.