Comparison of MetaTrader 5 and MetaTrader 4

Besides being regarded as an updated version of MT4, MT5 is actually a different trading platform that aims different market and trading preferences.

MT5 is designed based on a brand new coding language and better scripting tools.

MT4 is built to mainly focus on trading FX and some CFDs.

With the introduction of MT5, traders can select to trade among many products: Stocks, Indices, CFDs rather than just FX.

Features mt5-logo.png metatrader-4-logo-og.png

Order execution types
Number of supported types of order execution

4 3

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

Yes No

Order Fill Policy
Additional order execution conditions

Fill or Kill
Immediate or Cancel 
Fill or Kill

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

6 4
Having one open position of a financial instrument only
Yes No
Having multiple positions of a financial instrument, both in the same and opposite direction
Yes Yes
Market Depth
Bids and offers for a financial security at different prices depending on the volume
Yes No
Technical Indicators
Technical indicators are used to automatically detect patterns in the financial instrument price dynamics
38 30
Graphical Objects
Analysis tools that help to identify financial instrument price trends, to detect cycles and support/resistance levels, to build channels and more
44 31 
Time frames
Group quotes of financial instrument in time intervals
21  9
Economic Calendar
A fundamental analysis tool which features macroeconomic news from numerous countries that can affect financial instrument prices
Yes  No 
Email System
Built-in email service, where you can receive notifications from Alpari International straight to your platform

(with attachments)

(no attachments)

Strategy Tester
EA tester and optimization modes

+ Multi-currency
+ Real tricks

Single thread 

Embedded chat
Chat with other traders directly from the platform
Yes  No 
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