MetaTrader 5 vs MetaTrader 4

MetaTrader 5 vs MetaTrader 4 Which is the best

In the article we will compare the metatrader 4 and metatrader 5.

MetaTrader 5 is a direct successor to the extremely popular MetaTrader 4, but it is not replacing the previous platform as it is completely different. First, MT5 is a multi-asset trading platform, while MT4 is mainly used by Forex traders. Metatrader5 allows you to open trade in all the financial markets, including which forex, indices, metals stocks, commodities, and even cryptocurrencies through CFD. 

 Also, MT5 has more trading options than MT4. MT5 trading platform provides 38 technical indicators, while MT4 has 30. The MT5 platform offers 44 graphical objects compared to 31 graphical objects in MT4. MT5 has 21 time frames, while MT4 has only 9 time frames. In addition, only MT5 has a built-in economic calendar that helps traders track important financial announcements and price forecasts. 

 Tradable instruments

 Neither MT4 nor MT5 specifies a list of assets you can trade. it will be depended on the broker you open a trading account with them. In the articles we referring to the fbs, you can trade all cfds through mt4 or mt5 on the FBS broker. There are instruments for trading available are: 

•  Forex
•  Metals
•  Energies
•  Forex Exotic
•  Stocks
•  Index
•  The only exception is that you can only trade cryptocurrencies on MT5.
• Technical indicators

MetaTrader (MT4) offers 30 built-in technical indicators. If that's not enough, you can download 2000 custom gestures from the codebase for free. In addition, MT4 also offers more than 700 payment providers in the market. These are certainly sufficient for market analysis. on the order hand, mt5 provides 38 built-in technical indicators to gain insight into market direction. as with mt4, you'll have access to a number of free custom indicators and thousands of paid indicators from its marketplace. 

 Charts Tools

MetaTrader (MT4) has 31 graphical objects such as lines, channels, Gann and Fibonacci tools, shapes, and arrows to predict future price movements. as for the drawing tools, metatrader5 mt5 offers 44 graphical objects, including channels, geometric shapes, fibonacci, gann, and elliott tools, and many more.

Trading orders

Metatrader (MT4) offers four types of orders: sell stop, sell limit buy limit, and buy stop. unlike metatrader4 (mt4), six types of pending orders are available in mt5: those offered in mt4 and two more, including the sell stop limit and buy stop limit. 

 Time frames

MetaTrader (MT4) offers only 9 time frames: In the minute time frame (m1, m5, m15, m30), for the hourly (h1, h4), daily time frame (d1), for the weekly (w1), and monthly (mn). it doesn't seem like much compared to metatrader5 (mt5), but these indicators are enough for both swing and long-term traders. 

Metatrader (MT5) provides 21 time frames: In the minute timeframe (m1, m2, m3, m4, m5, m6, m10, m12, m15, m20, m30), for the hourly (h1, h2, h3, h4, h6 , h8, h12) This wide selection gives advantage of deep analysis. 

 Demo trading

 Both MT4 and MT5 support demo trading. this means you can try trading in real market trading conditions without the risk of losing your real your funds. all you want have to do is open a free demo account. it will works much like a actual account, except you change with virtual, not real money. A demo account is the best way for every type of trader such as beginner trader, intermedite and advanced level to check out the mt4 or mt5 platform and test the trading tools. 

 MT4 vs MT5: Pros and Cons

If you're still hesitating whether MT4 or MT5 is more suitable for you, let's compare their pros and cons. 

 MT4 Advantages

 MetaTrader (MT4) is best for beginner traders as it is easier and simpler to use than MT5. Metatrader4 (mt4) is the best trading platform for forex trading because it was initially designed for the needs of forex traders. 

 MT4 pitfalls

 MT4 has fewer trading options than MT5. 

 The MT4 platform is a bit slower than MT5.MT5 Advantages

Metatrader MT5 allows forex trading, as well as the stocks, commodities, indices,and cryptocurrencies.

MetaTrader5 MT5 has more technical indicators,  charting tools, and timeframes as MT4.

MT5 pitfalls

MetaTrader (MT5) may appear to be a more complicated platform for the beginners.

Some robot and expert advisor developers choose MT5 as compared to MT4.

Whether you choose MT4 or MT5, you need a reliable broker like FBS. Please comment which one is best according to your trading styles.

Here you can download the Metatrader 4 and Metatrader 5.

Metatrader 5 download 

Metatrader 4 download