№ п/п | Features for comparison | MetaTrader 4 | MetaTrader 5 |
---|---|---|---|
1 | Download | Downloading is simple and does not take much time. A trader needs to fill in a server’s web address of a brokerage company, which is chosen to open a trading account. | Downloading is simple and does not take much time. A trader needs to fill in a server’s web address of a brokerage company, which is chosen to open a trading account. |
2 | Charts displayed | The number of charts which can be displayed in parallel is unlimited. Trading is available on a tick chart. | The number of charts which can be displayed in parallel is unlimited. Trading is available on a tick chart. |
3 | Number of time frames | 9 time frames | 21 time frames |
4 | Fundamental analysis to trade the news | The economic calendar is unavailable by default. However, extra plug-ins can be installed. | The trading platform contains the economic calendar, which includes market moving events, fundamental data, forecasts etc. |
5 | Technical indicators, graphic patterns, and analytic objects | 30 technical indicators, unavailable, unavailable | 38 technical indicators, 46 graphic patterns, 22 analytic objects |
6 | Forex advisors | MetaTrader 4 editor Strategy Tester 4 These products are compatible only with the 4th version of a trading platform, created by the MQL4 language. | MetaTrader 5 editor Strategy Tester 5 Strategy Tester Agent Manager 5 These advanced products are upgraded and compatible only with the 5th version of a trading platform. They are written by the MQL5 language. It is more complicated to develop Expert Advisors in Meta Trader 5. |
7 | Types and number of orders | Market orders – 2 Pending orders – 4 Stop orders - 2 | Market orders – 2 Pending orders – 6 Stop orders - 2 |
8 | Levels | A trader can open any number of orders on the same trading instrument in the same direction, but they will be displayed on different charts. So a trader has to work with each order separately. | A trader can open any number of orders in the same direction. However, they will coincide on a chart and will be displayed as a single position. |
9 | Buying extra MQL products | Extra MQL products can be bought through the MQL web site (MQL4.com). The 4th version of a trading platform does not provide automatic access to this web portal. | Extra MQL products can be bought through a special sub-menu as part of an interface. So, traders do not have to visit the MQL web site. |
10 | Locking | A trader can lock opposite positions. | A trader can lock opposite positions. |
11 | Trading strategies (hedging, FIFO (First in, first out) etc. | Convenient trading conditions are ensured by permission to use all trading techniques and strategies. | Convenient trading conditions are ensured by permission to use all trading techniques and strategies. |
12 | Number of users | The number of brokers trading through the 4th version exceeds the number of those who prefer the 5th version. | A much fewer number of brokers offer their clients online trading services through MetaTrader 5. |
13 | Markets | Instruments traded on Forex, futures, securities etc. | Popular instruments traded on Forex, metals, shares. |
14 | Market depth | Unavailable | Available |
15 | Interface | Simple and user-friendly. The 4th version includes popular options like One Click Trading and Drag and Drop. | The interface has been streamlined. The layout has been notably updated. Popular options like One Click Trading and Drag and Drop are available in the 5th version. The search option has been added. Analytical content is provided in the Market overview window. |
16 | Client Area | All services of Client Cabinet are available to a trader. | Client Cabinet is unavailable for accounts on MetaTrader 5. A trader makes a deposit and withdraws money through a broker’s official web site. |
This section features the most important information about trading with InstaForex. We provide both analysis from leading experts for experienced traders and articles on trading conditions for beginners. Our services will help increase your profit potential.
See also
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.