Explore the differences between MetaTrader 4
and MetaTrader 5
MetaTrader is the universally popular online trading platform that lets you monitor the markets and trade in real-time. When you trade with us, you trade on one of these two powerful platforms, beloved by traders of all experience levels around the world. MT4 and MT5 are free to download on PC, Mac, mobile and tablet.
Some differences between the two are outlined in the comparison table below. It’s important to understand these before you make your choice.
Instant Execution
Yes
Yes
Market Execution
Yes
Yes
Request Execution mode
Yes
Yes
Exchange Execution Mode
No
Yes
Types of pending orders requesting a broker to buy or to sell a financial security under pre-defined conditions in the future.
Buy Limit
Yes
Yes
Buy Stop
Yes
Yes
Sell Limit
Yes
Yes
Sell Stop
Yes
Yes
Buy Stop Limit
No
Yes
Sell Stop Limit
Yes
Yes
Having one open position of a financial instrument only.
Having multiple positions of a financial instrument, both in the same and opposite direction
Bids and offers for a financial security at different prices depending on the volume
Technical indicators are used to automatically detect patterns in the financial instrument price dynamics
Average Directional Movement Index
Yes
Yes
Average Directional Movement Index Wilder
Yes
Yes
Bollinger Bands
Yes
Yes
Envelopes
Yes
Yes
Ichimoku Kinko Hyo
Yes
Yes
Moving Average
Yes
Yes
Parabolic SAR
Yes
Yes
Standard Deviation
Yes
Yes
Bears Power
Yes
Yes
Bulls Power
Yes
Yes
Commodity Channel Index
Yes
Yes
DeMarker
Yes
Yes
Force Index
Yes
Yes
MACD
Yes
Yes
Momentum
Yes
Yes
Moving Average of Oscillator
Yes
Yes
Relative Strength Index
Yes
Yes
Relative Vigor Index
Yes
Yes
Stochastic Oscillator
Yes
Yes
Williams’ Percent Range
Yes
Yes
Accumulation/Distribution
Yes
Yes
Money Flow Index
Yes
Yes
On Balance Volume
Yes
Yes
Volumes
Yes
Yes
Accelerator Oscillator
Yes
Yes
Alligator
Yes
Yes
Awesome Oscillator
Yes
Yes
Fractals
Yes
Yes
Gator Oscillator
Yes
Yes
Market Facilitation Index
Yes
Yes
Adaptive Moving Average
No
Yes
Fractal Adaptive Moving Average
No
Yes
Triple Exponential Moving Average
No
Yes
Variable Index Dynamic Average
No
Yes
Average True Range
No
Yes
Chaikin Oscillator
No
Yes
Triple Exponential Average
No
Yes
Analysis tools that help to identify financial instrument price trends, to detect cycles and support / resistance levels, to build channels and more
Horizontal Line
Yes
Yes
Vertical Line
Yes
Yes
Trendline
Yes
Yes
Trendline by Angle
Yes
Yes
Cycle Lines
Yes
Yes
Equidistant Channel
Yes
Yes
Standard Deviation Channel
Yes
Yes
Andrews' Pitchfork
Yes
Yes
Fibonacci Retracement
Yes
Yes
Fibonacci Time Zones
Yes
Yes
Fibonacci Fan
Yes
Yes
Fibonacci Arcs
Yes
Yes
Fibonacci Channel
Yes
Yes
Fibonacci Expansion
Yes
Yes
Gann Line
Yes
Yes
Gann Fan
Yes
Yes
Gann Grid
Yes
Yes
Rectangle
Yes
Yes
Triangle
Yes
Yes
Ellipse
Yes
Yes
Thumbs Up
Yes
Yes
Thumbs Down
Yes
Yes
Up Arrow
Yes
Yes
Down Arrow
Yes
Yes
Stop Sign
Yes
Yes
Check Sign
Yes
Yes
Left Price Label
Yes
Yes
Right Price Label
Yes
Yes
Text
Yes
Yes
Text Label
Yes
Yes
Button
Yes
Yes
Graph
Yes
Yes
Bitmap
Yes
Yes
Bitmap Label
Yes
Yes
Edit
Yes
Yes
Event
Yes
Yes
Rectangle Label
Yes
Yes
Arrowed Line
No
Yes
Regression Channel
No
Yes
Elliott Wave Theory
No
Yes
Construction of Waves
No
Yes
Buy Sign
No
Yes
Sell Sign
No
Yes
Arrow
No
Yes
Group quotes of financial instrument in time intervals.
1M
Yes
Yes
2M
No
Yes
3M
No
Yes
4M
No
Yes
5M
Yes
Yes
6M
No
Yes
10M
No
Yes
12M
No
Yes
15M
Yes
Yes
2M
No
Yes
30M
Yes
Yes
1H
Yes
Yes
2H
No
Yes
3H
No
Yes
4H
Yes
Yes
6H
No
Yes
8H
No
Yes
12H
No
Yes
D1
Yes
Yes
W1
Yes
Yes
MN
Yes
Yes
A fundamental analysis tool which features macroeconomic news from numerous countries that can affect financial instrument prices
Built-in email service, where you can receive notifications from FXTM straight to your platform.
EA tester and optimization modes.
Chat with other traders directly from the platform
