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.
21 timeframes6 pending order typesMore technical indicators and analytical objectsBuilt-in economic calendarMQL5 programming languageReal-time Depth of Market (DOM) dataAdditional order modificationCompatibility with newer operating systemsBetter server capabilities and database sizeIn-app shortcut to Fullerton SuiteImproved sustainability due to its newer technology| 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) | ✓ | ✗ |
| Built-in Economic Calendar | ✓ | ✗ |
| Partial order filling policies | ✓ | ✗ |
| Netting | ✓ | ✗ |
| Balance transaction types | Credit, Bonus, Balance, Correction, Commission, Agent, Interest, Charge | Balance, Credit |
Depends on your personal preference and trading activitiesMT4: Widely available and sufficient for trading currenciesMT5: Offers you the flexibility of trading varied financial instruments and provides added features that give you an edge when tradingResources:
A step-by-step guide to opening an MT5 account
Learn more about the MT5 platform's features
FAQs about the MT5 platform Have questions or need further assistance? Contact our Support team via Live Chat or send your enquiries to [email protected]
