What Are The Differences Between MT4 And MT5 Platforms?

Feature 

MT4 

MT5 

Main Trading Instruments 

• Designed primarily for forex trading. 
   

• Supports a limited number of CFDs and futures. 
   

• Well-suited for traders focusing on currency pairs. 

• Offers a broader range of trading instruments, including forex, stocks, commodities, indices, and futures. 
   

• Provides a more comprehensive support for various financial markets, including centralized exchanges, allowing for greater portfolio diversification. 

Order Types and Execution 

• Supports 4 pending orders: Buy Limit, Sell Limit, Buy Stop, Sell Stop. 
   

• Basic Order Execution modes: Instant, Request, Market. 

• Expands to 6 pending orders (adds Buy Stop Limit and Sell Stop Limit). 
   

• Advanced Order Execution modes: Instant, Request, Market, Exchange. 
   

• Allows partial order fills, providing more trading flexibility. 

Timeframes and Technical Analysis 

Offers 9 timeframes for charts, ranging from 1 minute to 1 month, along with 30 built-in technical indicators and 24 analytical objects for market analysis. 

Provides up to 21 timeframes for charts, including intermediate timeframes like 2 minutes and 4 hours, enabling more detailed market analysis. 

Swap Charges 

Applies a 3-day swap charge, excluding weekends, which means traders may incur extra fees for positions held over weekends. 

Charges swaps daily, including weekends, allowing for a clearer understanding of the costs associated with holding positions overnight. 

Economic Calendar 

Does not include a built-in economic calendar, requiring traders to seek external resources for economic data and event tracking. 

Features a built-in economic calendar that provides real-time updates on significant market events, helping traders stay informed about potential market volatility. 

Price Quote Digits 

Supports price quotes with up to 5 digits, which may limit precision for some trading strategies. 

Allows for more precision with price quotes extending to 6 or more digits, which can be particularly beneficial for scalpers and day traders. 

Depth of Market (DOM) 

Does not include a Depth of Market feature, missing out on valuable insights into market liquidity and order flow. 

Provides users with the ability to view the Depth of Market, offering critical information about supply and demand at different price levels.