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MetaTrader 4 and MetaTrader 5 platforms - Comparison of functions and possibilities
The most popular platform Forex MetaTrader 4 will certainly be replaced by its younger brother - MetaTrader 5 in the undefined future. More and more brokers are expanding the range of platforms, offering their clients both versions of the MetaQuotes application to enable them to make their own choice. The differences between the two versions are not drastic, but often these details play a decisive role.
Read: Over 170 brokers offer trading on MT5
In the table below, we have prepared for you a summary of the most important MT4 and MT5 functionalities.
| Platform | MetaTrader 4 | MetaTrader 5 |
| interface | transparent and readable, a wide range of personalization options |
very similar to MT4, refreshed design |
| Platform versions | stationary, web, mobile | stationary, web, mobile |
| Max. number of active charts | 40 | 100 |
| Available TF | M1, M5, M15, M30, H1, H4, D1, W1, MN | M1 M2 M3 M4 M5 H1, H2, H3, H4, H6, H8, H12 D1, W1, MN |
| Available indicators | 30 + EA and scripts | 38 + EA and scripts |
| Available objects | 33 | 46 |
| Macroeconomic calendar | NEVER | YES |
| Strategy tester | the ability to perform the test only on 1 instrument |
the ability to perform computations distributed in the cloud tests performed on many instruments at the same time option to add a delay parameter to the order |
| Hedging | Allowed | * Allowed (* depending on the broker) |
| A programming language | MQL4 | MQL5 |
| Supported OS for the Desktop version | Windows, Linux, MacOS | Windows |
| Estimated number of brokers | approx. 400 | approx. 180 |
Brokers offering MetaTrader 5
So far, the MT5 platform has been joined by around 180 brokers (mainly from Asian countries and Australia), but this list is growing very fast. Below are the most popular companies that allow trading with the use of MetaTrader 5:
It is expected that this list will be extended very quickly and in the perspective of 1-2, the older version of MT4 will be completely replaced by MT5 (MetaQuotes stopped supporting MT4 for older Windows systems last year).
