A complete comparison of the MetaTrader 4 and MetaTrader 5 forex trading platforms
While the MT4 and MT5 are broadly available and accessible by all BDSwiss clients, there are certain key differences you may need to consider when choosing your desktop platform. The new and improved Metatrader platform, the MetaTrader5 boasts state-of-the-art features including options for hedging, while MetaTrader4 is slightly less advanced and more suited to traders who are new to the markets. Not sure which one to go for? We compare and contrast the two MetaTrader platforms for you in the table below.
Pending Order Types
Types of pending orders requesting a broker to buy or to sell a financial security under predefined conditions in the future
The number of technical indicators, which can automatically detect patterns in the financial instrument price dynamics and help users make trading decisions
The number of analytical objects that help identify financial instrument price trends, detect cycles, define support/resistance levels and more
The number of timeframes — time intervals in which quotes of financial instruments are grouped
Availability of the Economic Calendar which includes publications on various countries’ macroeconomic indicators, which can affect financial instrument prices
The features of the built-in email service, which enables users to receive important information from a broker straight in the platform
Embedded MQL5.community chat
Possibility to chat with other traders directly in the platform
Trading robot testing and optimization modes supported by the built-in Strategy Tester
+ Real ticks
Support for the hedging accounting system, which allows having multiple positions of a financial instrument, both in the same and opposite direction
Ability to download and use the platform on different operating systems. This enables the user to download the MetaTrader platform, access his account and view all past positions / recorded data on any compatible operating system.
Which trading platform is better for you?
Most seasoned traders will tell you that all they really want from a trading platform is something that is reliable and easy to use, intuitive, and doesn’t crash. Each platform is unique and has its own pros and cons, so it is best to understand what you want in a forex account, and platform before you get started.